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Nonprofiteer
← COTTAGE HOSPITAL

Form 990 for tax year 2024

Filed by COTTAGE HOSPITAL.

Totals

Total revenue
$45,711,833
Total expenses
$44,034,202
Contributions and grants received
$4,247,820
Grants paid
$0
Program service revenue
$39,113,481
Investment income
$2,283,705
Other revenue
$66,827
Total assets, end of year
$36,071,557
Total liabilities, end of year
$16,882,200
Net assets or fund balances, end of year
$19,189,357
Program services expenses (Part IX)
$35,170,591
Management and general expenses
$8,863,611
Fundraising expenses
$0
Program service expenses (Part III)
$35,170,591

Program services were 79.9% 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.

  • 1c · Fundraising events

    $700

  • 1e · Government grants (contributions)

    $4,137,138

  • 1f · All other contributions, gifts and grants

    $109,982

  • 2a · Program service revenue: Patient Service Revenue

    total $83,342,292 · related or exempt $83,342,292

  • 2b · Program service revenue: Other Operating Revenue

    total $1,006,433 · related or exempt $830,175 · excluded $176,258

  • 2c · Program service revenue: Contractual/Charity Care Adj.

    total -$45,235,244 · related or exempt -$45,235,244

  • 3 · Investment income

    total $1,179,848 · excluded $1,179,848

  • 6a · Gross rents

    real property $1,393

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,393

  • 6d · Net rental income or loss

    total $1,393 · excluded $1,393

  • 7a · Gross sales of assets other than inventory

    securities $4,464,619

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

    securities $3,347,148 · other assets $13,614

  • 7c · Gain or loss

    securities $1,117,471 · other assets -$13,614

  • 7d · Net gain or loss

    total $1,103,857 · excluded $1,103,857

  • 8a · Fundraising events: gross income

    $44,894

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

    $700

  • 8b · Fundraising events: direct expenses

    $25,733

  • 8c · Net income from fundraising events

    total $19,161 · excluded $19,161

  • 9a · Gaming: gross income

    $46,273

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $46,273 · excluded $46,273

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,441,952 · program services $783,349 · management and general $658,603

  • 7 · Other salaries and wages

    total $19,025,393 · program services $15,137,192 · management and general $3,888,201

  • 8 · Pension plan contributions

    total $306,996 · program services $241,156 · management and general $65,840

  • 9 · Other employee benefits

    total $2,454,704 · program services $1,697,120 · management and general $757,584

  • 10 · Payroll taxes

    total $1,380,233 · program services $1,059,006 · management and general $321,227

  • 11b · Fees: legal

    total $24,047 · management and general $24,047

  • 11c · Fees: accounting

    total $93,814 · management and general $93,814

  • 11f · Fees: investment management

    total $3,948 · management and general $3,948

  • 11g · Fees: other

    total $9,112,516 · program services $7,825,301 · management and general $1,287,215

  • 13 · Office expenses

    total $140,473 · program services $88,575 · management and general $51,898

  • 14 · Information technology

    total $757,720 · program services $366,587 · management and general $391,133

  • 16 · Occupancy

    total $1,032,241 · program services $224,005 · management and general $808,236

  • 17 · Travel

    total $19,746 · program services $9,129 · management and general $10,617

  • 20 · Interest

    total $232,984 · program services $229,668 · management and general $3,316

  • 22 · Depreciation, depletion and amortization

    total $1,997,211 · program services $1,672,150 · management and general $325,061

  • 23 · Insurance

    total $666,155 · program services $545,919 · management and general $120,236

  • 24a · Other expenses: Supplies

    total $3,643,274 · program services $3,643,274

  • 24b · Other expenses: Medicaid Enhancement Ta

    total $1,423,953 · program services $1,423,953

  • 24c · Other expenses: Education and Recruitme

    total $223,513 · program services $170,878 · management and general $52,635

  • 24d · Other expenses: Miscellaneous Expenses

    total $53,329 · program services $53,329

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $300 · end of year $300

  • 2 · Savings and temporary cash investments

    beginning of year $2,886,565 · end of year $3,875,468

  • 4 · Accounts receivable

    beginning of year $7,273,963 · end of year $6,690,237

  • 8 · Inventories for sale or use

    beginning of year $727,023 · end of year $688,126

  • 9 · Prepaid expenses and deferred charges

    beginning of year $420,055 · end of year $446,863

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

    $31,898,492

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

    $19,374,088

  • 10c · Land, buildings and equipment, net

    beginning of year $11,271,174 · end of year $12,524,404

  • 11 · Investments: publicly traded securities

    beginning of year $13,279,808 · end of year $9,845,327

  • 12 · Investments: other securities

    beginning of year $243,593 · end of year $260,298

  • 14 · Intangible assets

    beginning of year $1,226,867 · end of year $1,162,136

  • 15 · Other assets

    beginning of year $498,753 · end of year $578,398

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,905,096 · end of year $5,370,996

  • 19 · Deferred revenue

    beginning of year $2,710 · end of year $2,710

  • 20 · Tax-exempt bond liabilities

    beginning of year $4,416,101 · end of year $4,210,367

  • 23 · Secured mortgages and notes payable

    beginning of year $2,239,805 · end of year $2,131,273

  • 25 · Other liabilities

    beginning of year $8,275,391 · end of year $5,166,854

  • 27 · Net assets without donor restrictions

    beginning of year $16,283,220 · end of year $17,401,693

  • 28 · Net assets with donor restrictions

    beginning of year $1,705,778 · end of year $1,787,664

Mission and programs · 2024

Mission

To strengthen the health of our community by providing accessible, quality care.

Activities or mission (Part I)

Medical care and related services

  • Cottage Hospital provided health care to approximately 572 inpatients and 44,976 outpatients during the fiscal year.

    Expenses $29,151,703 · Revenue $34,275,854

  • The Ray of Hope Geriatric Behavioral Health unit provides quality care for those struggling with a behavioral health issue. This inpatient program is for geriatric patients 65 years and older with persistent or late onset behavioral health illnesses or concerns. Specialized care focuses on assessment, treatment, rehabilitation, prevention, family/community support and education surrounding behavioral health.

    Expenses $2,777,830 · Revenue $2,637,689

  • The Rowe Health Center provides internal medicine, behavioral health, podiatry, cardiology, gastroenterology and endocrinology services. We are proud to offer a team-based approach to provide all of our patients with accessible, convenient, high quality care. With same day acute appointments available, meeting the needs of our patients is our priority.

    Expenses $3,241,058 · Revenue $2,199,938

As filed on the 2024 return.

Listed in Part VII

  • Clare Vallee

    Chairperson

    Total calculated
    $0
    Hours/week
    1

  • Andrew Barter

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • William Taxter

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Maryanne Aldrich

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Derek Curtis

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jesse Dimick

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Randy Foster

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ian Kirit

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Zampieri

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mark Harris

    Past Trustee

    Total calculated
    $0
    Hours/week
    1

  • Holly McCormack

    CEO

    Total calculated
    $297,801
    From this org
    $253,823
    From related orgs
    $0
    Other
    $43,978
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $253,823
    Bonus
    $0
    Other
    $0
    Deferred
    $10,542
    Nontaxable benefits
    $33,436
    Filer's total
    $297,801

  • E Colin McDougal

    Med Staff President

    Total calculated
    $255,244
    From this org
    $245,204
    From related orgs
    $0
    Other
    $10,040
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,204
    Bonus
    $0
    Other
    $0
    Deferred
    $7,367
    Nontaxable benefits
    $2,673
    Filer's total
    $255,244

  • James Wilton

    Med Staff Secretary

    Total calculated
    $249,449
    From this org
    $215,779
    From related orgs
    $0
    Other
    $33,670
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,779
    Bonus
    $0
    Other
    $0
    Deferred
    $5,711
    Nontaxable benefits
    $27,959
    Filer's total
    $249,449

  • Delphine Sullivan

    CMO

    Total calculated
    $278,656
    From this org
    $269,493
    From related orgs
    $0
    Other
    $9,163
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $269,493
    Bonus
    $0
    Other
    $0
    Deferred
    $8,084
    Nontaxable benefits
    $1,079
    Filer's total
    $278,656

  • Ann Duffy

    CFO

    Total calculated
    $220,054
    From this org
    $195,007
    From related orgs
    $0
    Other
    $25,047
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,007
    Bonus
    $0
    Other
    $0
    Deferred
    $7,964
    Nontaxable benefits
    $17,083
    Filer's total
    $220,054

  • Natalie Kennett

    CNO

    Total calculated
    $140,748
    From this org
    $134,252
    From related orgs
    $0
    Other
    $6,496
    Hours/week
    40

  • Nathan Potter

    Physician ED

    Total calculated
    $478,032
    From this org
    $448,037
    From related orgs
    $0
    Other
    $29,995
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $448,037
    Bonus
    $0
    Other
    $0
    Deferred
    $588
    Nontaxable benefits
    $29,407
    Filer's total
    $478,032

  • Jeffrey Hanissian

    Chief Of ED

    Total calculated
    $460,396
    From this org
    $417,906
    From related orgs
    $0
    Other
    $42,490
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $417,906
    Bonus
    $0
    Other
    $0
    Deferred
    $13,800
    Nontaxable benefits
    $28,690
    Filer's total
    $460,396

  • Christopher Danielson

    Physician RHC

    Total calculated
    $421,794
    From this org
    $370,008
    From related orgs
    $0
    Other
    $51,786
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $370,008
    Bonus
    $0
    Other
    $0
    Deferred
    $10,350
    Nontaxable benefits
    $41,436
    Filer's total
    $421,794

  • Russell Sarver

    Physician-Urology

    Total calculated
    $372,265
    From this org
    $353,027
    From related orgs
    $0
    Other
    $19,238
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $353,027
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $19,238
    Filer's total
    $372,265

  • Peter B Schroer

    Physician RHC

    Total calculated
    $375,957
    From this org
    $337,381
    From related orgs
    $0
    Other
    $38,576
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $337,381
    Bonus
    $0
    Other
    $0
    Deferred
    $9,927
    Nontaxable benefits
    $28,649
    Filer's total
    $375,957

  • Lili Cargill

    Former Med Staff President

    Total calculated
    $159,586
    From this org
    $159,586
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,586
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $159,586

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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Provenance

Return type
form_990
Tax year
2024
Filed
5 March 2026
IRS schema version
2024v5.5
Source object
202620719349300622

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