Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,129,309

• 1d · Related organizations

  $5,854,447

• 1f · All other contributions, gifts and grants

  $8,838,409

• 3 · Investment income

  total $2,262,259 · excluded $2,262,259

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

  total $0

• 5 · Royalties

  total $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 6d · Net rental income or loss

  total $0

• 7d · Net gain or loss

  total $0

• 8a · Fundraising events: gross income

  $156,220

• 8a · Fundraising events: contributions included on line 1c

  $1,129,309

• 8b · Fundraising events: direct expenses

  $559,844

• 8c · Net income from fundraising events

  total -$403,624 · excluded -$403,624

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,016,509 · program services $2,016,509

• 2 · Grants to domestic individuals

  total $127,000 · program services $127,000

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $0

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $3,312,377 · program services $260,202 · management and general $1,396,208 · fundraising $1,655,967

• 8 · Pension plan contributions

  total $0

• 9 · Other employee benefits

  total $0

• 10 · Payroll taxes

  total $0

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $0

• 11c · Fees: accounting

  total $0

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $0

• 11g · Fees: other

  total $2,685,195 · program services $1,111,497 · management and general $618,368 · fundraising $955,330

• 12 · Advertising and promotion

  total $826,161 · program services $0 · management and general $343,094 · fundraising $483,067

• 13 · Office expenses

  total $201,458 · program services $85,814 · management and general $13,429 · fundraising $102,215

• 14 · Information technology

  total $0

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $7,085 · program services $0 · management and general $7,085 · fundraising $0

• 17 · Travel

  total $36,816 · program services $899 · management and general $35,631 · fundraising $286

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $29,513 · program services $4,800 · management and general $24,713 · fundraising $0

• 20 · Interest

  total $0

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $7,623 · program services $0 · management and general $7,623 · fundraising $0

• 23 · Insurance

  total $0

• 24a · Other expenses: OTHER EXPENSES

  total $883,667 · program services $775,862 · management and general $26,407 · fundraising $81,398

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $0 · end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $5,463,816 · end of year $7,128,336

• 3 · Pledges and grants receivable

  beginning of year $4,746,699 · end of year $5,208,812

• 4 · Accounts receivable

  beginning of year $0 · end of year $0

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $76,880 · end of year $0

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $36,159,738 · end of year $42,399,507

• 12 · Investments: other securities

  beginning of year $0 · end of year $0

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $0 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $0 · end of year $0

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $0 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $364,905 · end of year $461,984

• 27 · Net assets without donor restrictions

  beginning of year $5,162,834 · end of year $6,669,409

• 28 · Net assets with donor restrictions

  beginning of year $40,919,394 · end of year $47,605,262

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 4B

PARTICIPATION IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: DURING THE YEAR, VICE PRESIDENTS, SENIOR VICE PRESIDENTS, EXECUTIVE VICE PRESIDENTS AND CERTAIN PHYSICIANS PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN SPONSORED BY WELLSTAR HEALTH SYSTEM, INC. THE AMOUNTS RELATED TO THIS PLAN ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C). THE FOLLOWING INDIVIDUALS RECEIVED PAYMENTS FROM THE PLAN INCLUDED IN SCHEDULE J, PART II, COLUMN (B): ANTHONY J. BUDZINSKI 2,287,591 CANDICE L. SAUNDERS 446,498 SCHEDULE J, PART I, LINE 7 NON-FIXED PAYMENTS TO OFFICERS: AS PART OF THE WELLSTAR EXECUTIVE COMPENSATION PHILOSOPHY A PERFORMANCE PAY PLAN WAS INSTITUTED SEVERAL YEARS AGO WHEREBY THE WELLSTAR BOARD OF TRUSTEES APPROVES AN ANNUAL INCENTIVE PLAN WHICH CONSISTS OF SEVERAL PERFORMANCE GOALS OR FACTORS THAT UPON ATTAINMENT WILL RESULT IN PAYOUTS TO ELIGIBLE PLAN PARTICIPANTS. THOSE FACTORS ARE: (1) PEOPLE & CUSTOMER SERVICE GOAL FOR EMPLOYEE "TRUST INDEX (2) QUALITY & SAFETY GOAL FOR CLINICAL EXCELLENCE AND PATIENT SATISFACTION; AND (3) FINANCIAL GOAL FOR ATTAINING A POSITIVE OPERATING MARGIN. CONFIRMATION OF ACHIEVING THESE GOALS IS TYPICALLY RECEIVED THROUGH THE ANNUAL EXTERNAL AUDIT PROCESS AND APPROVED BY THE BOARD OF TRUSTEES AT THAT TIME.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• Cobb SOUTH PARKING DECK

  Parking · GA

  Directly controlled by NA

• KENNESTONE EAST PARKING DECK

  PARKING · GA

  Directly controlled by NA

• GRIFFIN IMAGING LLC

  IMAGING CENTER · GA

  Directly controlled by NA

• WELLSTAR SPALD EMSSPALD 911

  OFF. BLDG/EMS · GA

  Directly controlled by NA

• NORTH FULTON PARKING DECK LP

  PARKING · GA

  Directly controlled by NA

• SPALDING HEALTH SYSTEM LLC

  PHYS. HOSP. ORG. · GA

  Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• Community Assurance Co

  C CORP · Insurance · CJ

  Directly controlled by WHS INC

• WEST GEORGIA HEALTH PHYSICIANS INC

  C CORP · PHYSICIAN PRAC. · GA

  Directly controlled by WGHS INC

• WELLSTAR HEALTH PLAN INC

  C CORP · HEALTH INSURANCE · GA

  Directly controlled by WHS INC