Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $91,742

• 1f · All other contributions, gifts and grants

  $50,000

• 2a · Program service revenue: CLIENT SERVICE REVENUE

  total $151,150 · related or exempt $151,150

• 2b · Program service revenue: CPIP REVENUE

  total $47,079 · related or exempt $47,079

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $122,408 · program services $105,301 · management and general $17,107

• 7 · Other salaries and wages

  total $141,449 · program services $121,680 · management and general $19,769

• 9 · Other employee benefits

  total $33,451 · program services $28,776 · management and general $4,675

• 10 · Payroll taxes

  total $18,282 · program services $15,727 · management and general $2,555

• 11g · Fees: other

  total $90,266 · program services $90,266

• 13 · Office expenses

  total $2,443 · management and general $2,443

• 14 · Information technology

  total $180 · program services $180

• 16 · Occupancy

  total $38,570 · program services $38,570

• 17 · Travel

  total $729 · management and general $729

• 22 · Depreciation, depletion and amortization

  total $13,616 · program services $13,616

• 24a · Other expenses: GRANT EXPENSES

  total $19,130 · program services $19,130

• 24b · Other expenses: DUES AND SUBSCRIPTIONS

  total $5,813 · program services $5,813

• 24c · Other expenses: SPECIAL EVENTS

  total $2,599 · management and general $2,599

• 24d · Other expenses: MISCELLANEOUS

  total $517 · program services $517

• 24e · All other expenses

  total $220 · program services $76 · management and general $144

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $270,873 · end of year $61,159

• 4 · Accounts receivable

  beginning of year $110,009 · end of year $107,812

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

  $511,483

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

  $424,079

• 10c · Land, buildings and equipment, net

  beginning of year $39,674 · end of year $87,404

• 15 · Other assets

  beginning of year $240,956 · end of year $1,634,033

• 17 · Accounts payable and accrued expenses

  beginning of year $38,457 · end of year $27,755

• 27 · Net assets without donor restrictions

  beginning of year $391,814 · end of year $242,112

• 28 · Net assets with donor restrictions

  beginning of year $231,241 · end of year $1,620,541

The filer's explanations (Part III)

PART I, LINE 3

THE CEO IS AN EMPLOYEE OF MOUNT NITTANY MEDICAL CENTER ("MNMC"). MNMC USES ALL OF THE METHODS UNDER LINE 3 OTHER THAN REVIEWING 990S OF OTHER ORGANIZATIONS TO ESTABLISH COMPENSATION.

PART I, LINES 4A-B

THE FORMER CHIEF EXECUTIVE OFFICER, LANCE ROSE, RECEIVED A NONQUALIFIED RETIREMENT PLAN PAYMENT OF $14,721 DURING THE CALENDAR YEAR. THE CHIEF EXECUTIVE OFFICER, KATHLEEN RHINE, PARTICIPATES IN 457(F) NON-QUALIFIED RETIREMENT PLAN. CONTRIBUTIONS MADE DURING THE CALENDAR YEAR WERE $262,806.

PART I, LINE 7

THE EXECUTIVE TEAM MEMBERS OF MOUNT NITTANY MEDICAL CENTER AND THE MOUNT NITTANY MEDICAL CENTER HEALTH SERVICES' (D/B/A MOUNT NITTANY PHYSICIAN GROUP) EXECUTIVE DIRECTOR RECEIVED A PORTION OF THEIR ANNUAL VARIABLE-PAY BASED UPON THE CONSOLIDATED OPERATING MARGIN, MOUNT NITTANY MEDICAL CENTER HEALTH SERVICES' (D/B/A MOUNT NITTANY PHYSICIAN GROUP) OPERATING MARGIN, CONTRIBUTIONS, AND OTHER CORPORATE GOALS. THE CORPORATE GOALS FOCUSED ON (1) PROVIDING LOCALIZED CARE, INTEGRATED CARE, EFFICIENT CARE, AND ALIGNED CARE; (2) FINANCE; (3) QUALITY/PATIENT SAFETY; AND (4) THE WORK ENVIRONMENT.