Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $330,769

• 1e · Government grants (contributions)

  $30,064

• 1f · All other contributions, gifts and grants

  $712,052

• 2a · Program service revenue: Net Patient Service Revenue

  total $80,198,559 · related or exempt $80,198,559

• 2b · Program service revenue: Cafeteria

  total $354,958 · related or exempt $354,958

• 2c · Program service revenue: Laundry Services

  total $112,505 · unrelated business $112,505

• 2d · Program service revenue: Auxiliary

  total $8,093 · related or exempt $8,093

• 2f · All other program service revenue

  total $218,550 · related or exempt $218,550

• 3 · Investment income

  total $1,244,704 · excluded $1,244,704

• 6a · Gross rents

  real property $13,305

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $13,305

• 6d · Net rental income or loss

  total $13,305 · excluded $13,305

• 7a · Gross sales of assets other than inventory

  securities $1,040,235 · other assets $18,385

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

  securities $0 · other assets $0

• 7c · Gain or loss

  securities $1,040,235 · other assets $18,385

• 7d · Net gain or loss

  total $1,058,620 · excluded $1,058,620

• 10a · Gross sales of inventory

  $45,736

• 10b · Cost of goods sold

  $44,185

• 10c · Net income from sales of inventory

  total $1,551 · related or exempt $1,551

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $42,198 · program services $42,198

• 5 · Compensation of officers, directors and key employees

  total $720,965 · management and general $720,965

• 7 · Other salaries and wages

  total $28,124,550 · program services $25,928,039 · management and general $2,196,511

• 8 · Pension plan contributions

  total $1,920,459 · program services $1,800,336 · management and general $120,123

• 9 · Other employee benefits

  total $3,554,331 · program services $3,326,570 · management and general $227,761

• 10 · Payroll taxes

  total $1,785,603 · program services $1,647,179 · management and general $138,424

• 11b · Fees: legal

  total $36,720 · management and general $36,720

• 11c · Fees: accounting

  total $111,669 · management and general $111,669

• 11g · Fees: other

  total $16,053,551 · program services $13,950,625 · management and general $2,102,926

• 12 · Advertising and promotion

  total $201,318 · program services $24,314 · management and general $177,004

• 13 · Office expenses

  total $801,772 · program services $475,097 · management and general $326,675

• 16 · Occupancy

  total $1,341,205 · program services $1,319,014 · management and general $22,191

• 17 · Travel

  total $133,983 · program services $100,630 · management and general $33,353

• 19 · Conferences, conventions and meetings

  total $140,643 · program services $126,382 · management and general $14,261

• 20 · Interest

  total $1,488,513 · program services $1,033,907 · management and general $454,606

• 22 · Depreciation, depletion and amortization

  total $4,036,020 · program services $2,803,382 · management and general $1,232,638

• 23 · Insurance

  total $372,909 · program services $53,220 · management and general $319,689

• 24a · Other expenses: Medical Supplies

  total $19,396,825 · program services $19,385,756 · management and general $11,069

• 24b · Other expenses: Equipment Lease and Ren

  total $1,860,712 · program services $1,858,309 · management and general $2,403

• 24c · Other expenses: Food

  total $432,261 · program services $431,637 · management and general $624

• 24d · Other expenses: Certificates, Licenses

  total $207,956 · program services $132,846 · management and general $75,110

• 24e · All other expenses

  total $461,823 · program services $1,016 · management and general $460,807

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $18,219,110 · end of year $19,777,167

• 4 · Accounts receivable

  beginning of year $13,124,522 · end of year $10,429,916

• 7 · Other notes and loans receivable

  beginning of year $67,497 · end of year $94,773

• 8 · Inventories for sale or use

  beginning of year $1,244,749 · end of year $1,303,027

• 9 · Prepaid expenses and deferred charges

  beginning of year $652,766 · end of year $790,562

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

  $78,761,717

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

  $47,631,348

• 10c · Land, buildings and equipment, net

  beginning of year $31,521,172 · end of year $31,130,369

• 11 · Investments: publicly traded securities

  beginning of year $30,084,720 · end of year $32,307,727

• 15 · Other assets

  beginning of year $8,574,878 · end of year $11,962,314

• 17 · Accounts payable and accrued expenses

  beginning of year $6,324,153 · end of year $7,099,739

• 19 · Deferred revenue

  beginning of year $577,776 · end of year $553,485

• 23 · Secured mortgages and notes payable

  beginning of year $35,692,141 · end of year $34,694,652

• 25 · Other liabilities

  beginning of year $12,133,505 · end of year $15,122,747

• 27 · Net assets without donor restrictions

  beginning of year $47,893,281 · end of year $49,317,213

• 28 · Net assets with donor restrictions

  beginning of year $868,558 · end of year $1,008,019

The filer's explanations (Part III)

Part I, Line 7

There is an incentive plan specifically for the CEO. This plan is designed to encourage, recognize and reward superior job and organizational performance. Incentive awards that may be paid under the terms of this plan are determined by overall organizational and individual performance for the annual operating period. The Chair of the Board of Directors has the responsibility to implement this plan. The incentives for the CEO are expressed as a percentage of the participant's base salary at the end of the incentive plan year. The maximum award is approved by the Board for each plan year. There is a detailed criterion for the results of what the organization considers a superior job. The criteria uses goal driven measures that intend to incentivize important long term strategic objectives over short term efforts only. The CEO's performance is measured based on the following areas of focus: Service, Quality, Financial, People, Growth, and Personal Growth. There is a ranking system for sets of criterion, and the Board of Directors is to utilize this system in determining the level of incentive the CEO will receive.