Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: CONTRACT REVENUE

  total $22,329,050 · related or exempt $22,329,050

• 2b · Program service revenue: FEES FOR SERVICE

  total $5,350,821 · related or exempt $5,350,821

• 2c · Program service revenue: GRADUATE MEDICAL EDUCATION REVENU

  total $3,197,555 · related or exempt $3,197,555

• 2d · Program service revenue: SALARY SUPPORT

  total $2,559,211 · related or exempt $2,559,211

• 2e · Program service revenue: MEDICAID SUPPLEMENT

  total $183,896 · related or exempt $183,896

• 3 · Investment income

  total $169,798 · excluded $169,798

• 7a · Gross sales of assets other than inventory

  securities $2,271

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

  securities $2,101

• 7c · Gain or loss

  securities $170

• 7d · Net gain or loss

  total $170 · related or exempt $170

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $1,148,069 · related or exempt $1,148,069

• 11e · Other revenue, total

  $1,148,069

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $4,677,549 · program services $4,497,304 · management and general $180,245

• 7 · Other salaries and wages

  total $20,788,758 · program services $19,184,762 · management and general $1,603,996

• 8 · Pension plan contributions

  total $1,650,969 · program services $1,509,967 · management and general $141,002

• 9 · Other employee benefits

  total $788,789 · program services $721,426 · management and general $67,363

• 10 · Payroll taxes

  total $1,152,634 · program services $1,054,193 · management and general $98,441

• 11a · Fees: management

  total $77,676 · management and general $77,676

• 11b · Fees: legal

  total $258,648 · program services $206,918 · management and general $51,730

• 11c · Fees: accounting

  total $26,093 · program services $20,874 · management and general $5,219

• 11f · Fees: investment management

  total $7,317 · management and general $7,317

• 11g · Fees: other

  total $384,428 · program services $307,543 · management and general $76,885

• 12 · Advertising and promotion

  total $134,541 · program services $134,541

• 13 · Office expenses

  total $420,239 · program services $319,382 · management and general $100,857

• 16 · Occupancy

  total $856,152 · program services $825,795 · management and general $30,357

• 19 · Conferences, conventions and meetings

  total $181,318 · program services $172,252 · management and general $9,066

• 22 · Depreciation, depletion and amortization

  total $147,943 · program services $144,984 · management and general $2,959

• 23 · Insurance

  total $1,341,240 · program services $1,328,921 · management and general $12,319

• 24a · Other expenses: CHIEF ADMINISTRATIVE OF

  total $973,803 · program services $973,803

• 24b · Other expenses: MEALS AND ENTERTAINMENT

  total $217,443 · program services $187,001 · management and general $30,442

• 24c · Other expenses: CONTRACTUAL SERVICES

  total $137,301 · program services $135,928 · management and general $1,373

• 24d · Other expenses: CLINICAL SUPPLIES AND F

  total $133,571 · program services $133,571

• 24e · All other expenses

  total $264,004 · program services $264,004

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,690,498 · end of year $219,718

• 2 · Savings and temporary cash investments

  beginning of year $3,301,083 · end of year $4,485,059

• 4 · Accounts receivable

  beginning of year $5,256,451 · end of year $5,577,397

• 5 · Loans and receivables from officers and key people

  end of year $175,000

• 9 · Prepaid expenses and deferred charges

  beginning of year $215,814 · end of year $250,290

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

  $3,979,344

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

  $585,185

• 10c · Land, buildings and equipment, net

  beginning of year $1,728,869 · end of year $3,394,159

• 12 · Investments: other securities

  beginning of year $480,960 · end of year $3,281,282

• 15 · Other assets

  beginning of year $588,469 · end of year $9,822,408

• 17 · Accounts payable and accrued expenses

  beginning of year $4,235,904 · end of year $4,747,669

• 19 · Deferred revenue

  beginning of year $153,916 · end of year $153,916

• 25 · Other liabilities

  beginning of year $182,075 · end of year $9,250,111

• 27 · Net assets without donor restrictions

  beginning of year $12,690,249 · end of year $13,053,617

The filer's explanations (Part III)

PART I, LINE 5

SOME OFFICERS, DIRECTORS, KEY EMPLOYEES, OR FIVE HIGHEST PAID EMPLOYEES ARE PHYSICIANS WHOSE INCOME IS PARTIALLY DEPENDENT UPON SERVICES PROVIDED AND THEREFORE DEPENDENT ON THE REVENUE THAT IS DERIVED BY THE ORGANIZATION FROM THESE SERVICES.

PART I, LINE 6

SOME OFFICERS, DIRECTORS, KEY EMPLOYEES, OR FIVE HIGHEST PAID EMPLOYEES ARE PHYSICIANS WHOSE INCOME IS PARTIALLY DEPENDENT UPON SERVICES PROVIDED AND THEREFORE DEPENDENT ON THE REVENUE THAT IS DERIVED BY THE ORGANIZATION FROM THESE SERVICES.