Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $109,360

• 2a · Program service revenue: PATIENT REVENUE (NET OF BAD DEBT)

  total $71,924,246 · related or exempt $71,924,246

• 2b · Program service revenue: OTHER PROGRAM SERVICES

  total $37,053 · related or exempt $37,053

• 3 · Investment income

  total $1,705,764 · excluded $1,705,764

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 6d · Net rental income or loss

  total $0

• 7a · Gross sales of assets other than inventory

  securities $7,845

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

  other assets $2,378

• 7c · Gain or loss

  securities $7,845 · other assets -$2,378

• 7d · Net gain or loss

  total $5,467 · excluded $5,467

• 8a · Fundraising events: gross income

  $0

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $0

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0

• 11a · Other revenue: NET ASSETS RELEASED FROM RESTRICTION

  total $126,278 · related or exempt $126,278

• 11b · Other revenue: PURCHASE DISCOUNTS

  total $17,768 · related or exempt $17,768

• 11e · Other revenue, total

  $144,046

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $0

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $45,488,792 · program services $30,775,404 · management and general $14,713,388 · fundraising $0

• 8 · Pension plan contributions

  total $421,259 · program services $296,841 · management and general $124,418 · fundraising $0

• 9 · Other employee benefits

  total $8,694,704 · program services $5,483,274 · management and general $3,211,430 · fundraising $0

• 10 · Payroll taxes

  total $3,342,421 · program services $2,261,144 · management and general $1,081,277 · fundraising $0

• 11a · Fees: management

  total $164,595 · program services $164,595 · management and general $0 · fundraising $0

• 11b · Fees: legal

  total $4,310 · program services $0 · management and general $4,310 · fundraising $0

• 11c · Fees: accounting

  total $0 · program services $0 · management and general $0 · fundraising $0

• 11d · Fees: lobbying

  total $0 · program services $0 · management and general $0 · fundraising $0

• 11e · Fees: professional fundraising services

  total $0 · fundraising $0

• 11f · Fees: investment management

  total $0 · program services $0 · management and general $0 · fundraising $0

• 11g · Fees: other

  total $2,946,165 · program services $2,880,907 · management and general $65,258

• 12 · Advertising and promotion

  total $2,856 · program services $0 · management and general $2,856 · fundraising $0

• 13 · Office expenses

  total $2,210,137 · program services $2,143,475 · management and general $66,662 · fundraising $0

• 14 · Information technology

  total $2,127,639 · program services $309,761 · management and general $1,817,878 · fundraising $0

• 15 · Royalties

  total $0 · program services $0 · management and general $0 · fundraising $0

• 16 · Occupancy

  total $1,103,016 · program services $6 · management and general $1,103,010 · fundraising $0

• 17 · Travel

  total $860,750 · program services $748,495 · management and general $112,255 · fundraising $0

• 18 · Travel or entertainment for public officials

  total $0 · program services $0 · management and general $0 · fundraising $0

• 19 · Conferences, conventions and meetings

  total $17,423 · program services $7,276 · management and general $10,147 · fundraising $0

• 20 · Interest

  total $0 · program services $0 · management and general $0 · fundraising $0

• 21 · Payments to affiliates

  total $3,502,606 · program services $0 · management and general $3,502,606 · fundraising $0

• 22 · Depreciation, depletion and amortization

  total $59,515 · program services $0 · management and general $59,515 · fundraising $0

• 23 · Insurance

  total $730,893 · program services $0 · management and general $730,893 · fundraising $0

• 24a · Other expenses: REIMBURESED FOUNDATION EXP

  total $126,278 · program services $0 · management and general $126,278 · fundraising $0

• 24b · Other expenses: DUES/MEMBERSHIPS/LICENSES

  total $60,776 · program services $36,362 · management and general $24,414 · fundraising $0

• 24c · Other expenses: BANK FEES

  total $50,875 · program services $0 · management and general $50,875 · fundraising $0

• 24d · Other expenses: PUBLICATIONS & SUBSCRIPTIONS

  total $37,477 · program services $27,693 · management and general $9,784 · fundraising $0

• 24e · All other expenses

  total $98,329 · program services $17,876 · management and general $80,453

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $0 · end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $7,303,988 · end of year $6,724,738

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $6,584,356 · end of year $7,575,775

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $383,689 · end of year $610,625

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

  $2,133,153

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

  $2,080,322

• 10c · Land, buildings and equipment, net

  beginning of year $76,983 · end of year $52,831

• 11 · Investments: publicly traded securities

  beginning of year $28,723,184 · end of year $30,374,028

• 12 · Investments: other securities

  beginning of year $601,741 · end of year $665,211

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $1,325,095 · end of year $2,074,912

• 17 · Accounts payable and accrued expenses

  beginning of year $5,917,875 · end of year $6,238,362

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $0 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $3,196,660 · end of year $3,448,635

• 27 · Net assets without donor restrictions

  beginning of year $35,389,935 · end of year $37,908,507

• 28 · Net assets with donor restrictions

  beginning of year $494,566 · end of year $482,616

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PART I, LINE 4B

NONQUALIFIED RETIREMENT PLAN: THE CHAIRMAN AND TREASURER ("PARTICIPANTS") PARTICIPATE IN A NONQUALIFIED RETIREMENT PLAN. MAIN LINE HOSPITALS, INC. PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH A FUNDING ARRANGEMENT KNOWN AS A COLLATERAL ASSIGNMENT SPLIT DOLLAR POLICY. THE PLAN PROVIDES THAT THE SYSTEM WILL PAY PREMIUM PAYMENTS ON A LIFE INSURANCE POLICY FOR EACH OF THE PARTICIPANTS. DURING THE PARTICIPANTS' LIFE, TO THE EXTENT SERVICE AND VESTING REQUIREMENTS ARE FULFILLED, THE PARTICIPANT CAN BORROW AGAINST VALUES IN THE POLICY TO SUPPLEMENT RETIREMENT INCOME. IT IS REASONABLE TO BELIEVE THAT THE LOAN IS PAID IN FULL UPON THE DEATH OF THE PARTICIPANT. FORGIVEN INTEREST INCLUDED IN PARTICIPANTS' EARNINGS ARE: CHAIRMAN $41,370 TREASURER (MICHAEL BUONGIORNO) $12,369 SERP DISCLOSURE: Main Line Health, Inc. ("MLH") and its Affiliates provided supplemental retirement benefits through established Supplemental Executive Retirement Plans ("SERP") to select members of Senior Leadership in FY24. SERP benefits funded by MLH are subject to vesting and employment date requirements and are paid out at the conclusion of a predetermined performance period. A performance period is a timeframe of at least twelve months that may cover varying lengths of time for each individual employee. Benefits for participants vested in a plan were reported in Schedule J, Part II, Column (B) (III) and benefits for participants not yet vested in a plan were reported in Schedule J, Part II, Column (C).

FORM 990, SCHEDULE J, PART I, LINE 7

THE COMPENSATION OF THE CEO, EVP & CHIEF FINANCIAL OFFICER, HOSPITAL PRESIDENTS, AND OTHER SENIOR EXECUTIVES DID INCLUDE A NON-FIXED COMPONENT PAYMENT OF COMPENSATION BASED UPON PRE-ESTABLISHED QUALITY, PATIENT SAFETY, AND FINANCIAL TARGETS ESTABLISHED AT THE BEGINNING OF THE FISCAL YEAR. THE HUMAN RESOURCES AND COMPENSATION COMMITTEE OF THE MAIN LINE HEALTH BOARD IS RESPONSIBLE FOR EVALUATING AND DETERMINING THE APPROPRIATENESS OF THE TARGETS. AFTER REVIEW AND DELIBERATION, THE COMMITTEE DOCUMENTS ITS DECISIONS AND REPORTS TO THE FULL BOARD OF GOVERNORS WHO REVIEW THE COMPENSATION DECISIONS. PAYMENTS ARE MADE TO THE APPROPRIATE INDIVIDUALS BY THE ORGANIZATION WITHIN WHICH THOSE INDIVIDUALS RESIDE FOR PAYROLL REPORTING PURPOSES.

Related partnerships

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

• BMHR ASSOCIATES

  n/a · HEALTHCARE · PA · share of income $0 · share of assets $0

  Directly controlled by NA

• MAIN LINE HEALTH IMAGING LP

  n/a · HEALTHCARE · PA · share of income $0 · share of assets $0

  Directly controlled by NA

• RIDDLE SURGICAL CENTER LLC

  n/a · HEALTHCARE · PA · share of income $0 · share of assets $0

  Directly controlled by NA

• ACCOUNTABLE CARE ORGANIZATION

  n/a · HEALTHCARE · PA · share of income $0 · share of assets $0

  Directly controlled by NA

• BRYN MAWR SURGERY CENTER LLC

  n/a · HEALTHCARE · PA · share of income $0 · share of assets $0

  Directly controlled by NA

• 120 VALLEY GREEN LANE LLC

  n/a · HEALTHCARE · PA · share of income $0 · share of assets $0

  Directly controlled by NA

• MUVE - WEST CHESTER LLC

  n/a · HEALTHCARE · KS · share of income $0 · share of assets $0

  Directly controlled by NA

• PAOLI SURGERY CENTER LLC

  n/a · HEALTHCARE · PA · share of income $0 · share of assets $0

  Directly controlled by NA

Related corporations and trusts

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

• MAIN LINE CORPORATION

  C CORPORATION · INACTIVE · PA · share of income $0 · share of assets $0

  Directly controlled by NA

• MOUNTAIN LAUREL RISK RETENTION GROUP

  C CORPORATION · INSURANCE · VT · share of income $0 · share of assets $0

  Directly controlled by NA

• RIDDLE HEALTH NETWORK LLC

  C CORPORATION · INACTIVE · PA · share of income $0 · share of assets $0

  Directly controlled by NA