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Nonprofiteer
← CAMERON REGIONAL MEDICAL CENTER INC

Form 990 for tax year 2022

Filed by CAMERON REGIONAL MEDICAL CENTER INC.

Totals

Total revenue
$63,386,844
Total expenses
$72,742,062
Contributions and grants received
$1,618,704
Grants paid
$67,500
Program service revenue
$59,395,434
Investment income
$2,201,266
Other revenue
$171,440
Total assets, end of year
$89,246,397
Total liabilities, end of year
$37,975,399
Net assets or fund balances, end of year
$51,270,998
Program services expenses (Part IX)
$64,198,966
Management and general expenses
$8,538,089
Fundraising expenses
$5,007
Program service expenses (Part III)
$64,198,966

Program services were 88.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,458,544

  • 1f · All other contributions, gifts and grants

    $160,160

  • 2a · Program service revenue: Patient service revenue

    total $59,395,434 · related or exempt $59,395,434

  • 3 · Investment income

    total $1,082,236 · excluded $1,082,236

  • 4 · Income from investment of tax-exempt bond proceeds

    total $110,181 · excluded $110,181

  • 6a · Gross rents

    real property $37,190

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $37,190

  • 6d · Net rental income or loss

    total $37,190 · excluded $37,190

  • 7a · Gross sales of assets other than inventory

    securities $14,131,715

  • 7b · Less cost or other basis and sales expenses

    securities $13,122,866

  • 7c · Gain or loss

    securities $1,008,849

  • 7d · Net gain or loss

    total $1,008,849 · excluded $1,008,849

  • 11a · Other revenue: Cafeteria

    total $124,648 · excluded $124,648

  • 11b · Other revenue: Other income

    total $9,602 · excluded $9,602

  • 11e · Other revenue, total

    $134,250

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,000 · program services $10,000

  • 2 · Grants to domestic individuals

    total $57,500 · program services $57,500

  • 5 · Compensation of officers, directors and key employees

    total $2,133,899 · program services $1,481,389 · management and general $652,510

  • 7 · Other salaries and wages

    total $31,764,650 · program services $29,565,777 · management and general $2,198,873

  • 8 · Pension plan contributions

    total $533,000 · program services $488,601 · management and general $44,399

  • 9 · Other employee benefits

    total $3,375,781 · program services $3,122,510 · management and general $253,271

  • 10 · Payroll taxes

    total $2,293,304 · program services $2,102,272 · management and general $191,032

  • 11b · Fees: legal

    total $447,994 · management and general $447,994

  • 11f · Fees: investment management

    total $150,716 · management and general $150,716

  • 11g · Fees: other

    total $10,614,760 · program services $9,881,409 · management and general $733,351

  • 12 · Advertising and promotion

    total $315,597 · program services $82,731 · management and general $232,866

  • 13 · Office expenses

    total $1,429,662 · program services $1,153,802 · management and general $275,860

  • 16 · Occupancy

    total $668,101 · program services $565,368 · management and general $102,733

  • 17 · Travel

    total $257,637 · program services $193,346 · management and general $64,291

  • 20 · Interest

    total $1,154,388 · program services $995,235 · management and general $159,153

  • 22 · Depreciation, depletion and amortization

    total $2,683,596 · program services $2,266,227 · management and general $417,369

  • 23 · Insurance

    total $1,256,759 · program services $79,197 · management and general $1,177,562

  • 24a · Other expenses: Medical supplies

    total $5,897,735 · program services $5,897,735

  • 24b · Other expenses: Pharmaceuticals

    total $4,247,380 · program services $4,247,380

  • 24c · Other expenses: Repairs and maintenance

    total $2,070,862 · program services $1,405,150 · management and general $665,712

  • 24d · Other expenses: Collection fees

    total $504,034 · program services $545 · management and general $503,489

  • 24e · All other expenses

    total $874,707 · program services $602,792 · management and general $266,908 · fundraising $5,007

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $273,176 · end of year $1,072,858

  • 2 · Savings and temporary cash investments

    beginning of year $15,489,984 · end of year $5,978,389

  • 4 · Accounts receivable

    beginning of year $10,969,906 · end of year $11,268,679

  • 8 · Inventories for sale or use

    beginning of year $1,911,047 · end of year $1,926,640

  • 9 · Prepaid expenses and deferred charges

    beginning of year $351,941 · end of year $364,174

  • 10a · Land, buildings and equipment: cost or other basis

    $83,220,810

  • 10b · Land, buildings and equipment: accumulated depreciation

    $59,212,787

  • 10c · Land, buildings and equipment, net

    beginning of year $23,839,091 · end of year $24,008,023

  • 11 · Investments: publicly traded securities

    beginning of year $40,210,306 · end of year $39,816,895

  • 15 · Other assets

    beginning of year $4,318,371 · end of year $4,810,739

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,751,065 · end of year $8,074,721

  • 20 · Tax-exempt bond liabilities

    beginning of year $28,947,595 · end of year $27,764,120

  • 23 · Secured mortgages and notes payable

    beginning of year $472,115 · end of year $313,791

  • 24 · Unsecured notes and loans payable

    beginning of year $35,371 · end of year $6,903

  • 25 · Other liabilities

    beginning of year $2,864,865 · end of year $1,815,864

  • 27 · Net assets without donor restrictions

    beginning of year $56,537,898 · end of year $50,475,092

  • 28 · Net assets with donor restrictions

    beginning of year $754,913 · end of year $795,906

Mission and programs · 2022

Mission

Our mission at Cameron Regional Medical Center (CRMC) is caring for all patients. To this end, we organize people, equipment, and facilities in a manner that best responds to their needs and to the needs of our service area. Our priorities are patients and families, physicians, and employees. Our goal is to be a regionally-recognized leader in patient satisfaction by exceeding customer expectations and continuing to achieve excellence in quality and cost-effective health care services. Cameron Regional Medical Center (CRMC) will provide services in an atmosphere that involves compliance with governmental mandates. Throughout our organization, our employees strive to provide sensitive and quality health care at all times by living our values. Lastly, CRMC recognizes the importance of viable and profitable operations to guarantee the continued existence and growth of the facility.

Activities or mission (Part I)

Provide inpatient and outpatient medical care to area residents regardless of ability to pay.

  • Acute care hospital organized to provide inpatient and outpatient care to area residents regardless of ability to pay.

    Expenses $64,198,966 · Grants $67,500 · Revenue $59,395,434

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Warren McElwain

    President

    Total calculated
    $0
    Hours/week
    1

  • Delvin Jackson

    Vice-President

    Total calculated
    $0
    Hours/week
    1

  • Jennifer White

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Michael Poland

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Barbara Ballew

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ken Raffety

    Director (Thru May 2023)

    Total calculated
    $0
    Hours/week
    1

  • Steve Tinnen

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mike Brown

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Just

    Director

    Total calculated
    $0
    Hours/week
    1

  • JoEllen Pratt

    Director

    Total calculated
    $0
    Hours/week
    1

  • Laeeq Azmat Tahirkheli

    Physician & Director

    Total calculated
    $1,000,678
    From this org
    $1,000,678
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $688,446
    Bonus
    $312,232
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $1,000,678

  • Laura Harbison

    Physician & Director

    Total calculated
    $408,518
    From this org
    $408,518
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $403,068
    Bonus
    $5,450
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $408,518

  • Mark Baker

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joseph F Abrutz Jr

    Administrator

    Total calculated
    $464,303
    From this org
    $450,404
    From related orgs
    $0
    Other
    $13,899
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $354,169
    Bonus
    $96,235
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,899
    Filer's total
    $464,303

  • Rosa Patti

    Chief Financial Officer

    Total calculated
    $217,632
    From this org
    $200,903
    From related orgs
    $0
    Other
    $16,729
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $121,552
    Bonus
    $79,351
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $16,729
    Filer's total
    $217,632

  • Muhammad Amin

    Physician

    Total calculated
    $583,178
    From this org
    $583,178
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $447,930
    Bonus
    $135,248
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $583,178

  • Shahzad Shafique

    Physician

    Total calculated
    $669,733
    From this org
    $669,733
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $549,662
    Bonus
    $120,071
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $669,733

  • Ly Phan

    Physician

    Total calculated
    $579,296
    From this org
    $579,296
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $517,868
    Bonus
    $61,428
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $579,296

  • Arihant Jain

    Physician

    Total calculated
    $558,003
    From this org
    $558,003
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $535,745
    Bonus
    $22,258
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $558,003

  • Damond Erickson

    Pharmacy Director

    Total calculated
    $570,960
    From this org
    $554,090
    From related orgs
    $0
    Other
    $16,870
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $549,879
    Bonus
    $4,211
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $16,870
    Filer's total
    $570,960

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 6a · Pay contingent on this organization's net earnings
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 4b
The Medical Center has established a deferred compensation plan (a 457 Plan subject to Code section 457(b)). The name of the Plan as adopted by the Medical Center is Cameron Regional Medical Center, Inc. 457(b) Plan. During the fiscal year end 09/30/2023, $2,962 was contributed to the Plan on behalf of Joseph F. Abrutz, Jr., Administrator of the Medical Center.
Part I, Line 6
The Administrator is eligible for an annual bonus that is partially contingent on meeting a specific operating margin percentage.
Part I, Line 7
The Administrator is eligible for an annual bonus that is partially contingent on meeting quality measure goals and strategic planning goals. The Chief Financial Officer also received a bonus during the fiscal year ending in 2023 for completing a variety of special projects for the Medical Center.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Cameron Regional Medical Center Provider Management Service Organization LL

    To provide support and administrative services to physician groups · MO

    Directly controlled by Cameron Regional Medical Center

Provenance

Return type
form_990
Tax year
2022
Filed
25 July 2024
IRS schema version
2022v5.0
Source object
202412129349301581

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