Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $58,855,636

• 2a · Program service revenue: PATIENT SERVICES

  total $108,964,215 · related or exempt $108,964,215

• 2b · Program service revenue: PHYSICIAN SUBSIDIES

  total $62,025,366 · related or exempt $62,025,366

• 2c · Program service revenue: CARE MANAGEMENT

  total $1,736,324 · related or exempt $1,736,324

• 3 · Investment income

  total $2,595,693 · excluded $2,595,693

• 11a · Other revenue: AFFILIATE & OTHER RECOVERIES

  total $90,023,840 · excluded $90,023,840

• 11b · Other revenue: PURCHASE DISCOUNT

  total $1,390 · excluded $1,390

• 11e · Other revenue, total

  $90,025,230

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $109,737 · program services $109,737

• 5 · Compensation of officers, directors and key employees

  total $4,149,722 · management and general $4,149,722

• 7 · Other salaries and wages

  total $151,610,741 · program services $142,621,561 · management and general $8,989,180

• 8 · Pension plan contributions

  total $15,026,393 · management and general $15,026,393

• 9 · Other employee benefits

  total $67,058,915 · program services $445,738 · management and general $66,613,177

• 10 · Payroll taxes

  total $8,353,673 · program services $7,369,365 · management and general $984,308

• 11b · Fees: legal

  total $2,731,368 · management and general $2,731,368

• 11c · Fees: accounting

  total $700,000 · management and general $700,000

• 11d · Fees: lobbying

  total $185,299 · management and general $185,299

• 11g · Fees: other

  total $45,263,475 · program services $28,141,764 · management and general $17,121,711

• 12 · Advertising and promotion

  total $51,610 · management and general $51,610

• 13 · Office expenses

  total $8,700,441 · program services $1,299,997 · management and general $7,400,444

• 14 · Information technology

  total $567,998 · program services $530,088 · management and general $37,910

• 16 · Occupancy

  total $6,959,528 · program services $5,750,393 · management and general $1,209,135

• 17 · Travel

  total $238,596 · program services $117,793 · management and general $120,803

• 19 · Conferences, conventions and meetings

  total $639 · management and general $639

• 22 · Depreciation, depletion and amortization

  total $1,586,483 · program services $1,586,483

• 23 · Insurance

  total $4,615,312 · program services $81,588 · management and general $4,533,724

• 24a · Other expenses: DRUGS EXPENSE

  total $10,398,527 · program services $10,266,476 · management and general $132,051

• 24b · Other expenses: MEDICAL SUPPLIES

  total $3,752,776 · program services $3,698,143 · management and general $54,633

• 24c · Other expenses: BAD DEBT

  total $716,975 · program services $716,975

• 24d · Other expenses: UBIT AND EXCISE TAX

  total $604,425 · management and general $604,425

• 24e · All other expenses

  total $351,570 · program services $106,219 · management and general $245,351

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $7,424,693 · end of year $3,700,179

• 4 · Accounts receivable

  beginning of year $30,540,660 · end of year $18,060,210

• 5 · Loans and receivables from officers and key people

  beginning of year $4,503,072 · end of year $5,966,884

• 8 · Inventories for sale or use

  beginning of year $276,764 · end of year $177,110

• 9 · Prepaid expenses and deferred charges

  beginning of year $770,747 · end of year $2,144,426

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

  $36,252,190

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

  $18,767,424

• 10c · Land, buildings and equipment, net

  beginning of year $14,965,202 · end of year $17,484,766

• 13 · Investments: program-related

  beginning of year $757,036,938 · end of year $925,896,383

• 15 · Other assets

  beginning of year $113,197,811 · end of year $83,039,791

• 17 · Accounts payable and accrued expenses

  beginning of year $48,119,017 · end of year $66,444,360

• 20 · Tax-exempt bond liabilities

  beginning of year $94,414,796 · end of year $92,464,150

• 25 · Other liabilities

  beginning of year $10,596,547 · end of year $32,490,275

• 27 · Net assets without donor restrictions

  beginning of year $703,289,883 · end of year $783,017,203

• 28 · Net assets with donor restrictions

  beginning of year $72,295,644 · end of year $82,053,761

The filer's explanations (Part III)

PART I, LINE 1A

TRAVEL FOR COMPANIONS TIDALHEALTH, INC. (THI) PROVIDES TRAVEL FOR COMPANIONS OF BOARD MEMBERS AND REPORTS THE VALUE OF THE COMPENSATION PROVIDED AS TAXABLE TO THE RECIPIENT. THIS POLICY HAS BEEN APPROVED BY THE BOARD.

SCHEDULE J PART I, LINE 4B:

SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN THI HAS A NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN (UNDER SECTION 457 (F)). THIS PLAN WAS APPROVED BY THE COMPENSATION COMMITTEE OF THE THI BOARD OF DIRECTORS TO SUPPLEMENT THE EXECUTIVE'S RETIREMENT INCOME. THE SUPPLEMENTAL RETIREMENT PLAN WAS DEVELOPED BASED ON AN INDEPENDENT CONSULTANT REPORT ON MARKET-BASED PRACTICES FOR SUPPLEMENTAL RETIREMENT PLANS. THE PERCENTAGE OF FINAL AVERAGE PAY, THE REQUIREMENTS FOR VESTING, PARTICIPANTS, AND PAY-OUT PROVISIONS WERE ESTABLISHED, REVIEWED, AND APPROVED BY THE COMPENSATION COMMITTEE. THE CONTRIBUTIONS TO THE SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN ARE INCLUDED IN SCHEDULE J, PART II, COLUMN C OR IN SCHEDULE J, PART II, COLUMN B(III) AS PART OF DEFERRED COMPENSATION. THE FOLLOWING INDIVIDUALS PARTICIPATED IN THIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: STEVEN LEONARD ISMET LUKOLIC, M.D TIDALHEALTH PROVIDED THE FOLLOWING FUNDING AMOUNT DURING 2024: STEVEN LEONARD - $209,040 THE FOLLOWING INDIVIDUALS RECEIVED A DISTRIBUTION DURING 2024 BASED ON THEIR PLAN'S VESTING DATE. STEVEN LEONARD $99,583 ISMET LUKOLIC, M.D. $230,143

PART I, LINE 6A, 6B AND 7:

CONTINGENT COMPENSATION AND NON-FIXED PAYMENTS OFFICERS AND KEY EMPLOYEES OF TIDALHEALTH INC. ARE PAID COMPENSATION DETERMINED BY A NUMBER OF VARIABLES INCLUDING BUT NOT LIMITED TO INDIVIDUAL GOALS AS WELL AS ORGANIZATION OPERATIONAL ACHIEVEMENTS IN SERVICE, QUALITY, SAFETY, EMPLOYEE SATISFACTION, AND COST. THE FINAL DETERMINATION OF THE CONTINGENT COMPENSATION AMOUNT IS DETERMINED AND APPROVED BY THE BOARD AS PART OF THE OVERALL COMPENSATION REVIEW OF OFFICERS AND KEY EMPLOYEES.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• PEN REG CLINICALLY INTEGRATED NETWORK

  CLINICAL · MD · income $1,736,324 · assets $15,501

  Directly controlled by TIDALHEALTH INC

• TIDALHEALTH SURGERY CENTER LLC

  CLINICAL · MD · income $4,052,511 · assets $3,384,302

  Directly controlled by TIDALHEALTH INC

• TIDALHEALTH MEDICAL PARTNERS LLC

  CLINICAL · MD · income $105,373,501 · assets $46,830,895

  Directly controlled by TIDALHEALTH INC

• TIDALHEALTH PRIMARY CARE LLC

  CLINICAL · MD · income $0 · assets $0

  Directly controlled by TIDALHEALTH MEDICAL PARTNERS LLC

• TIDALHEALTH SPECIALTY CARE LLC

  CLINICAL · MD · income $0 · assets $0

  Directly controlled by TIDALHEALTH MEDICAL PARTNERS LLC

Related partnerships

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

• DELMARVA ENDOSC CTR

  HEALTH CARE · MD

Related corporations and trusts

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

• PENINSULA HEALTH VENTURES (PHV)

  C · P'SHIP INVESTMENT · MD · 100% owned · share of income $1,041,427 · share of assets $46,400,570 · controlled entity

  Directly controlled by TIDALHEALTH INC

• PRLTC INC

  C · LONG TERM CARE · MD · controlled entity

• DELMARVA PENINSULA INSURANCE COMPANY

  C · INSURANCE · CJ · controlled entity