Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $719,772

• 1e · Government grants (contributions)

  $310,017

• 1f · All other contributions, gifts and grants

  $80,926

• 1g · Noncash contributions included above

  $5,437

• 2a · Program service revenue: Patient Service Revenue

  total $85,303,088 · related or exempt $85,303,088

• 2b · Program service revenue: Pharmacy Revenue

  total $12,624,533 · related or exempt $10,198,815 · unrelated business $2,425,718

• 2c · Program service revenue: Purchased Service Revenue

  total $3,833,647 · related or exempt $3,833,647

• 2d · Program service revenue: Supporting Revenue

  total $3,813,957 · related or exempt $3,577,052 · unrelated business $236,905

• 2f · All other program service revenue

  total $56,320 · related or exempt $56,320

• 3 · Investment income

  total $4,377,774 · excluded $4,377,774

• 7a · Gross sales of assets other than inventory

  other assets $1,432

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

  other assets $0

• 7c · Gain or loss

  other assets $1,432

• 7d · Net gain or loss

  total $1,432 · excluded $1,432

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $56,735 · program services $56,735

• 5 · Compensation of officers, directors and key employees

  total $4,825,831 · program services $2,181,908 · management and general $2,643,923

• 6 · Compensation of disqualified persons

  total $458,052 · program services $458,052

• 7 · Other salaries and wages

  total $49,323,241 · program services $44,523,485 · management and general $4,799,756

• 8 · Pension plan contributions

  total $1,402,491 · program services $1,379,296 · management and general $23,195

• 9 · Other employee benefits

  total $8,855,388 · program services $7,448,845 · management and general $1,406,543

• 10 · Payroll taxes

  total $3,479,885 · program services $3,031,336 · management and general $448,549

• 11b · Fees: legal

  total $53,076 · management and general $53,076

• 11c · Fees: accounting

  total $99,604 · management and general $99,604

• 11f · Fees: investment management

  total $26,113 · management and general $26,113

• 11g · Fees: other

  total $15,740,668 · program services $12,846,207 · management and general $2,894,461

• 12 · Advertising and promotion

  total $354,862 · program services $7,138 · management and general $347,724

• 13 · Office expenses

  total $2,944,247 · program services $2,523,106 · management and general $421,141

• 14 · Information technology

  total $4,551,320 · program services $316,901 · management and general $4,234,419

• 16 · Occupancy

  total $3,082,660 · program services $3,082,267 · management and general $393

• 17 · Travel

  total $435,699 · program services $346,893 · management and general $88,806

• 19 · Conferences, conventions and meetings

  total $61,016 · program services $61,016

• 20 · Interest

  total $464,124 · program services $355,195 · management and general $108,929

• 22 · Depreciation, depletion and amortization

  total $4,735,155 · program services $3,623,669 · management and general $1,111,486

• 23 · Insurance

  total $888,193 · program services $679,736 · management and general $208,457

• 24a · Other expenses: Medical Supplies

  total $14,123,834 · program services $14,123,834

• 24b · Other expenses: Winona Clinic Pharmacy

  total $5,099,300 · program services $5,099,300

• 24c · Other expenses: MN Care Tax

  total $1,002,146 · program services $1,002,146

• 24e · All other expenses

  total $156,012 · program services $156,012

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $5,992,620 · end of year $7,143,165

• 4 · Accounts receivable

  beginning of year $16,751,965 · end of year $14,667,452

• 8 · Inventories for sale or use

  beginning of year $3,183,594 · end of year $3,198,610

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,232,639 · end of year $1,248,763

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

  $103,475,533

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

  $68,960,555

• 10c · Land, buildings and equipment, net

  beginning of year $32,615,493 · end of year $34,514,978

• 11 · Investments: publicly traded securities

  beginning of year $35,614,245 · end of year $29,972,956

• 12 · Investments: other securities

  beginning of year $11,015,943 · end of year $6,447,643

• 14 · Intangible assets

  beginning of year $2,014,538 · end of year $2,014,538

• 15 · Other assets

  beginning of year $19,254,227 · end of year $17,152,791

• 17 · Accounts payable and accrued expenses

  beginning of year $11,256,949 · end of year $11,722,705

• 20 · Tax-exempt bond liabilities

  beginning of year $17,483,793 · end of year $15,935,272

• 25 · Other liabilities

  beginning of year $33,463,106 · end of year $33,643,786

• 27 · Net assets without donor restrictions

  beginning of year $65,471,416 · end of year $55,059,133

The filer's explanations (Part III)

Part I, Line 4b

The following individuals received employer contributions to a supplemental non-qualified retirement plan, which is available to executive, physicians, and mid-level providers as determined by the Board of Directors. It is funded by employer contributions, and employees are vested within five years. An alternative plan is available which is funded by employee contributions and not subject to forfeiture. CY2022 Matthew Broghammer, MD $19,553 Katrina Hammel, MD $5,012 Andrew Millis, MD $35,547 George Ripeckyj, MD $12,636 Hans Serleth, MD $14,495 Wayne Kelly, MD $20,173 Christopher Watras, DO $6,214