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Nonprofiteer
← PARK CENTER INC

Form 990 for tax year 2023

Filed by PARK CENTER INC.

Totals

Total revenue
$47,694,254
Total expenses
$43,340,346
Contributions and grants received
$9,570,596
Grants paid
$4,357
Program service revenue
$38,071,228
Investment income
-$1,521
Other revenue
$53,951
Total assets, end of year
$32,147,650
Total liabilities, end of year
$14,763,130
Net assets or fund balances, end of year
$17,384,520
Program services expenses (Part IX)
$33,412,871
Management and general expenses
$9,927,475
Fundraising expenses
$0
Program service expenses (Part III)
$33,412,871

Program services were 77.1% 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)

    $9,570,574

  • 1f · All other contributions, gifts and grants

    $22

  • 2a · Program service revenue: NET PATIENT SERVICE REVENUE

    total $37,939,988 · related or exempt $37,939,988

  • 2b · Program service revenue: CLINICAL SUPPORT

    total $91,022 · related or exempt $91,022

  • 2c · Program service revenue: INTERUNIT RENT

    total $40,218 · related or exempt $40,218

  • 6a · Gross rents

    real property $234,589

  • 6b · Less rental expenses

    real property $180,638

  • 6c · Rental income or loss

    real property $53,951

  • 6d · Net rental income or loss

    total $53,951 · excluded $53,951

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

    other assets $1,521

  • 7c · Gain or loss

    other assets -$1,521

  • 7d · Net gain or loss

    total -$1,521 · excluded -$1,521

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,357 · program services $4,357

  • 7 · Other salaries and wages

    total $21,303,967 · program services $21,303,967

  • 9 · Other employee benefits

    total $6,620,589 · program services $6,620,589

  • 11b · Fees: legal

    total $22,076 · management and general $22,076

  • 11g · Fees: other

    total $733,451 · program services $718,692 · management and general $14,759

  • 13 · Office expenses

    total $1,200,042 · program services $1,046,801 · management and general $153,241

  • 16 · Occupancy

    total $1,859,857 · program services $1,742,697 · management and general $117,160

  • 17 · Travel

    total $255,188 · program services $227,490 · management and general $27,698

  • 19 · Conferences, conventions and meetings

    total $37,353 · program services $33,138 · management and general $4,215

  • 20 · Interest

    total $163,518 · program services $163,518

  • 22 · Depreciation, depletion and amortization

    total $492,834 · program services $407,342 · management and general $85,492

  • 23 · Insurance

    total $43,734 · program services $43,734

  • 24a · Other expenses: CORPORATE SERVICE ALLOC

    total $9,452,253 · management and general $9,452,253

  • 24b · Other expenses: HOSPITAL ASSESSMENT FEE

    total $781,507 · program services $781,507

  • 24c · Other expenses: MHFR ADMINISTRATIVE FEE

    total $130,899 · program services $130,899

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $59,235 · program services $14,615 · management and general $44,620

  • 24e · All other expenses

    total $179,486 · program services $173,525 · management and general $5,961

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,091,893 · end of year $12,029,100

  • 3 · Pledges and grants receivable

    beginning of year $651,192 · end of year $409,404

  • 4 · Accounts receivable

    beginning of year $5,520,243 · end of year $6,394,276

  • 9 · Prepaid expenses and deferred charges

    beginning of year $153,510 · end of year $73,156

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

    $15,427,886

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

    $3,368,811

  • 10c · Land, buildings and equipment, net

    beginning of year $12,251,816 · end of year $12,059,075

  • 15 · Other assets

    beginning of year $1,826,201 · end of year $1,182,639

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,445,709 · end of year $1,436,012

  • 19 · Deferred revenue

    beginning of year $1,030,225 · end of year $827,348

  • 21 · Escrow or custodial account liability

    beginning of year $345,722 · end of year $238,241

  • 25 · Other liabilities

    beginning of year $8,647,040 · end of year $12,261,529

  • 27 · Net assets without donor restrictions

    beginning of year $13,026,159 · end of year $17,384,520

Listed in Part VII

  • GREG JOHNSON

    DIRECTOR/REGIONAL MARKET PRESIDENT

    Total calculated
    $1,077,497
    From this org
    $0
    From related orgs
    $888,491
    Other
    $189,006
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $681,591 related
    Bonus
    $0 + $112,796 related
    Other
    $0 + $94,104 related
    Deferred
    $0 + $155,300 related
    Nontaxable benefits
    $0 + $33,706 related
    Filer's total
    $0 + $1,077,497 related

  • CHARLES CLARK

    DIRECTOR/PARTIAL YR/BHI PRESIDENT

    Total calculated
    $399,950
    From this org
    $0
    From related orgs
    $332,674
    Other
    $67,276
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,008 related
    Bonus
    $0 + $46,427 related
    Other
    $0 + $131,239 related
    Deferred
    $0 + $49,082 related
    Nontaxable benefits
    $0 + $18,194 related
    Filer's total
    $0 + $399,950 related

  • GARY ZWIERZYNSKI

    DIRECTOR/PARTIAL YR/SEC/TREAS

    Total calculated
    $437,125
    From this org
    $0
    From related orgs
    $412,473
    Other
    $24,652
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $168,997 related
    Bonus
    $0 + $45,075 related
    Other
    $0 + $198,401 related
    Deferred
    $0 + $6,545 related
    Nontaxable benefits
    $0 + $18,107 related
    Filer's total
    $0 + $437,125 related

  • AHSAN MAHMOOD

    DIRECTOR/PHYSICIAN EXEC PBH SVC LINE

    Total calculated
    $489,975
    From this org
    $0
    From related orgs
    $437,455
    Other
    $52,520
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $353,779 related
    Bonus
    $0 + $25,812 related
    Other
    $0 + $57,864 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $36,020 related
    Filer's total
    $0 + $489,975 related

  • RICHARD ROBINSON

    DIRECTOR/CHAIR

    Total calculated
    $4,500
    From this org
    $0
    From related orgs
    $4,500
    Other
    $0
    Hours/week
    1 + 1 related

  • THERESA BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEREMY BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WENDY DAVIS

    DIRECTOR/VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • TRAVIS FRIEND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIM GALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • STEVEN MANNING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JULIE MEITZLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANGELA STEWART-MARTIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEANNE' WICKENS

    PH CHIEF FINANCIAL OFFICER

    Total calculated
    $2,443,396
    From this org
    $0
    From related orgs
    $2,165,508
    Other
    $277,888
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $834,975 related
    Bonus
    $0 + $187,034 related
    Other
    $0 + $1,143,499 related
    Deferred
    $0 + $239,228 related
    Nontaxable benefits
    $0 + $38,660 related
    Filer's total
    $0 + $2,443,396 related

  • TIMOTHY KOWALESKI

    PARKC PSYCHIATRIST

    Total calculated
    $476,393
    From this org
    $225,415
    From related orgs
    $196,803
    Other
    $54,175
    Hours/week
    21 + 19 related

    Schedule J breakdown matched by us

    Base
    $210,918 + $163,743 related
    Bonus
    $0 + $21,463 related
    Other
    $14,497 + $11,597 related
    Deferred
    $8,809 + $7,691 related
    Nontaxable benefits
    $20,114 + $17,561 related
    Filer's total
    $254,338 + $222,055 related

  • ANDREA NAAUM

    PARKC PHYSICIAN

    Total calculated
    $397,726
    From this org
    $195,599
    From related orgs
    $163,261
    Other
    $38,866
    Hours/week
    21 + 19 related

    Schedule J breakdown matched by us

    Base
    $161,602 + $140,421 related
    Bonus
    $32,000 + $21,243 related
    Other
    $1,997 + $1,597 related
    Deferred
    $12,591 + $10,509 related
    Nontaxable benefits
    $8,593 + $7,173 related
    Filer's total
    $216,783 + $180,943 related

  • CONNIE KERRIGAN

    PARKC COMM SUPPT SVCS DIR

    Total calculated
    $204,921
    From this org
    $176,841
    From related orgs
    $3,089
    Other
    $24,991
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $133,534
    Bonus
    $16,541
    Other
    $26,766 + $3,089 related
    Deferred
    $9,684 + $169 related
    Nontaxable benefits
    $14,878 + $260 related
    Filer's total
    $201,403 + $3,518 related

  • RONALD PANCNER

    PARKC PHYSICIAN

    Total calculated
    $184,064
    From this org
    $104,534
    From related orgs
    $69,111
    Other
    $10,419
    Hours/week
    24 + 16 related

    Schedule J breakdown matched by us

    Base
    $104,534 + $69,111 related
    Bonus
    $0
    Other
    $0
    Deferred
    $6,272 + $4,147 related
    Nontaxable benefits
    $0
    Filer's total
    $110,806 + $73,258 related

  • SHERRI ALBERTSON

    PARKC NURSE PRACTITIONER

    Total calculated
    $181,172
    From this org
    $78,506
    From related orgs
    $78,607
    Other
    $24,059
    Hours/week
    19 + 21 related

    Schedule J breakdown matched by us

    Base
    $77,418 + $56,920 related
    Bonus
    $0 + $9,223 related
    Other
    $1,088 + $12,464 related
    Deferred
    $5,447 + $5,454 related
    Nontaxable benefits
    $6,575 + $6,583 related
    Filer's total
    $90,528 + $90,644 related

  • MICHAEL PACKNETT

    FORMER OFFICER/RETIRED PH CEO

    Total calculated
    $5,063,462
    From this org
    $0
    From related orgs
    $5,034,209
    Other
    $29,253
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $66,747 related
    Bonus
    $0 + $351,881 related
    Other
    $0 + $4,615,581 related
    Deferred
    $0 + $26,400 related
    Nontaxable benefits
    $0 + $2,853 related
    Filer's total
    $0 + $5,063,462 related

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

  • 1a · Discretionary spending account
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 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 1A
DISCRETIONARY SPENDING ACCOUNT - TAXABLE DISCRETIONARY SPENDING ACCOUNT PAID TO: SHERRI ALBERTSON $583; TIMOTHY KOWALESKI $1,167; ANDREA NAAUM $1,167;
PART I, LINE 3
RELATED ORGANIZATION, PARKVIEW HEALTH SYSTEM, INC., USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF PARK CENTER, INC.'S CEO/EXECUTIVE DIRECTOR: COMPENSATION COMMITTEE OF RELATED ORGANIZATION PARKVIEW HEALTH SYSTEM, INC. INDEPENDENT COMPENSATION CONSULTANT FORM 990 OF OTHER ORGANIZATIONS COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE OF RELATED ORGANIZATION PARKVIEW HEALTH SYSTEM, INC.
PART I, LINES 4A-B
SEVERANCE PAYMENTS CHARLES CLARK $89,140; CONNIE KERRIGAN $8,907; GARY ZWIERZYNSKI $76,928 SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PAYMENTS THE FOLLOWING INDIVIDUALS PARTICIPATE IN SUPPLEMENTAL NONQUALIFIED DEFERRED COMPENSATION PLANS. BENEFITS EARNED UNDER THE PLANS WILL FUND THE EMPLOYEES' EVENTUAL RETIREMENT BENEFIT. THESE BENEFITS ARE PROVIDED IN EXCHANGE FOR THE EMPLOYEES' YEARS OF SERVICE TO THE ORGANIZATION AND THE AMOUNT OF THE BENEFITS MAY VARY FROM YEAR TO YEAR. THE FOLLOWING INDIVIDUALS VESTED IN A PORTION OF THEIR DEFERRED COMPENSATION PLANS, WHICH IS TREATED AS TAXABLE INCOME TO THE INDIVIDUALS AT THE TIME OF VESTING. THESE AMOUNTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III): CHARLES CLARK $25,537; GREG JOHNSON $84,817; MICHAEL PACKNETT $4,613,104; JEANNE' WICKENS $1,101,767; GARY ZWIERZYNSKI $117,290 AMOUNTS LISTED ABOVE THAT HAVE BEEN REPORTED AS DEFERRED COMPENSATION ON PRIOR FORM 990 WILL ALSO BE REFLECTED IN SCHEDULE J, PART II, COLUMN (F). FOR EXAMPLE, THE AMOUNT OF $4,613,104 REPORTED AS REQUIRED FOR MR. PACKNETT WAS A RESULT OF THE VESTING OF SUCH AMOUNT UNDER THE TERMS OF THE RESPECTIVE PLANS. HOWEVER, THESE AMOUNTS WERE PREVIOUSLY REPORTED IN MR. PACKNETT'S DEFERRED COMPENSATION AS THE AMOUNTS WERE DEFERRED UNDER THE PLANS. AS SUCH, THE AMOUNT REPORTED IN SCHEDULE J, PART II, COLUMN (F) IS AN INDICATION OF AMOUNTS THAT HAVE BEEN REPORTED TWICE, ONCE AS A DEFERRAL AND ONCE AS VESTED. THE FOLLOWING INDIVIDUALS HAVE AN AMOUNT INCLUDED IN SCHEDULE J, PART II, COLUMN (C) FOR AN AMOUNT EARNED BUT NOT YET VESTED UNDER ONE OF PARKVIEW'S DEFERRED COMPENSATION PLANS. THE AMOUNTS ARE AT RISK AND WILL NOT BE PAID UNLESS AND UNTIL EACH EMPLOYEE HAS PROVIDED SUBSTANTIAL FUTURE SERVICES TO THE ORGANIZATION. BENEFITS UNDER THE PLANS VEST AT THE TIME SET FORTH IN THE PLAN DOCUMENTS AND ARE FORFEITED IF THE EMPLOYEES TERMINATE EMPLOYMENT BEFORE SATISFYING THOSE PLAN CONDITIONS. DEFERRALS REPORTED IN SCHEDULE J, PART II, COLUMN (C) INCLUDE: CHARLES CLARK $25,537; GREG JOHNSON $119,000; JEANNE' WICKENS $216,128;
PART I, LINE 7
THE MANAGEMENT INCENTIVE COMPENSATION PLAN (MICP) AND THE PHYSICIAN AND PROVIDER INCENTIVE COMPENSATION PLAN (PICP) ARE ANNUAL INCENTIVE PROGRAMS. THE COMPENSATION COMMITTEE OF RELATED ORGANIZATION, PARKVIEW HEALTH SYSTEM, INC., REVIEWS AND APPROVES THE PLAN DOCUMENTS FOR MICP AND PICP. AT CONCLUSION OF THE PLAN YEAR, THE PARKVIEW HEALTH SYSTEM, INC. EXECUTIVE COMMITTEE APPROVES FINAL PAYMENT.

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

No itemized grants to organizations 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.

Related partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202413109349302356

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