Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $19,619,489

• 1f · All other contributions, gifts and grants

  $668,822

• 2a · Program service revenue: NET PATIENT SERVICE REVENUE

  total $377,421,480 · related or exempt $377,421,480

• 2b · Program service revenue: SENIOR LIVING

  total $4,789,133 · related or exempt $4,789,133

• 3 · Investment income

  total $2,046,283 · excluded $2,046,283

• 7a · Gross sales of assets other than inventory

  securities $3,444,492 · other assets $77,439

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

  securities $0 · other assets $0

• 7c · Gain or loss

  securities $3,444,492 · other assets $77,439

• 7d · Net gain or loss

  total $3,521,931 · excluded $3,521,931

• 11a · Other revenue: OTHER REVENUE

  total $21,246,476 · related or exempt $21,246,476

• 11b · Other revenue: PHARMACEUTICAL REVENUE

  total $4,747,669 · unrelated business $4,747,669

• 11c · Other revenue: LABORATORY REVENUE

  total $25,465 · unrelated business $25,465

• 11e · Other revenue, total

  $26,019,610

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $57,000 · program services $57,000

• 2 · Grants to domestic individuals

  total $164,934 · program services $164,934

• 5 · Compensation of officers, directors and key employees

  total $2,329,560 · management and general $2,329,560

• 7 · Other salaries and wages

  total $177,939,361 · program services $149,434,244 · management and general $28,505,117

• 8 · Pension plan contributions

  total $9,339,655 · program services $7,751,914 · management and general $1,587,741

• 9 · Other employee benefits

  total $24,345,522 · program services $20,395,744 · management and general $3,949,778

• 10 · Payroll taxes

  total $12,270,741 · program services $10,184,715 · management and general $2,086,026

• 11b · Fees: legal

  total $219,459 · management and general $219,459

• 11c · Fees: accounting

  total $376,491 · management and general $376,491

• 12 · Advertising and promotion

  total $716,725 · program services $594,882 · management and general $121,843

• 13 · Office expenses

  total $1,724,972 · program services $1,431,727 · management and general $293,245

• 14 · Information technology

  total $10,360,834 · program services $8,599,492 · management and general $1,761,342

• 16 · Occupancy

  total $12,082,404 · program services $10,028,395 · management and general $2,054,009

• 17 · Travel

  total $294,516 · program services $244,448 · management and general $50,068

• 19 · Conferences, conventions and meetings

  total $186,610 · program services $154,886 · management and general $31,724

• 20 · Interest

  total $5,463,618 · program services $4,534,803 · management and general $928,815

• 22 · Depreciation, depletion and amortization

  total $38,403,132 · program services $31,874,600 · management and general $6,528,532

• 23 · Insurance

  total $8,737,292 · program services $7,251,952 · management and general $1,485,340

• 24a · Other expenses: PROFESSIONAL SERVICES

  total $70,632,345 · program services $58,624,846 · management and general $12,007,499

• 24b · Other expenses: MEDICAL AND OTHER SUPPL

  total $68,520,477 · program services $68,520,477

• 24c · Other expenses: PHARMACEUTICAL SUPPLIES

  total $14,888,612 · program services $14,888,612

• 24d · Other expenses: MISCELLANEOUS

  total $5,061,624 · program services $4,163,419 · management and general $898,205

• 24e · All other expenses

  total $10,923,102 · program services $9,498,797 · management and general $1,424,305

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,535,023 · end of year $24,211,302

• 3 · Pledges and grants receivable

  beginning of year $3,417,924 · end of year $4,260,310

• 4 · Accounts receivable

  beginning of year $41,901,551 · end of year $48,940,260

• 7 · Other notes and loans receivable

  beginning of year $375,881 · end of year $743,123

• 8 · Inventories for sale or use

  beginning of year $5,995,490 · end of year $7,168,744

• 9 · Prepaid expenses and deferred charges

  beginning of year $19,336,687 · end of year $6,147,546

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

  $703,902,422

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

  $513,306,336

• 10c · Land, buildings and equipment, net

  beginning of year $208,031,898 · end of year $190,596,086

• 11 · Investments: publicly traded securities

  beginning of year $87,320,919 · end of year $94,834,043

• 12 · Investments: other securities

  beginning of year $157,443,260 · end of year $169,631,160

• 15 · Other assets

  beginning of year $0 · end of year $33,186,000

• 17 · Accounts payable and accrued expenses

  beginning of year $67,949,960 · end of year $89,124,423

• 19 · Deferred revenue

  beginning of year $55,647 · end of year $1,359,785

• 20 · Tax-exempt bond liabilities

  beginning of year $54,384,387 · end of year $43,268,494

• 23 · Secured mortgages and notes payable

  end of year $40,000,000

• 24 · Unsecured notes and loans payable

  beginning of year $10,000,000 · end of year $10,000,000

• 25 · Other liabilities

  beginning of year $69,506,038 · end of year $114,623,587

• 27 · Net assets without donor restrictions

  beginning of year $306,153,000 · end of year $259,678,000

• 28 · Net assets with donor restrictions

  beginning of year $20,309,601 · end of year $21,664,285

The filer's explanations (Part III)

PART I, LINE 1A

CEO SOCIAL MEMBERSHIP DUES AT CLUB ARE PAID BY THE ORGANIZATION.

PART I, LINE 3

HERITAGE VALLEY HEALTH SYSTEM'S BOARD OF DIRECTORS HAS APPOINTED AN EXECUTIVE COMPENSATION COMMITTEE TO REVIEW THE SALARIES FOR THE ORGANIZATION'S CEO AND OTHER SENIOR MANAGEMENT OFFICIALS. AS PART OF THE REVIEW, THE EXECUTIVE COMPENSATION COMMITTEE ENGAGED AN OUTSIDE CONSULTING FIRM TO REVIEW THE BASE SALARIES OF THE SENIOR MANAGEMENT TEAM INCLUDING THE CEO IN COMPARISON TO THE MARKET TO ENSURE REASONABLENESS OF COMPENSATION. MARKET ADJUSTMENTS ARE MADE ACCORDINGLY IN INSTANCES WHERE DATA SUPPORTED SUCH CHANGES FOR THE PERIOD. BONUSES ARE PAID IN ACCORDANCE WITH AN INCENTIVE COMPENSATION PLAN WHICH WAS DEVELOPED AND APPROVED BY THE BOARD OF DIRECTORS SEVERAL YEARS AGO.

PART I, LINE 4A

ROBERT ROSENBERGER, FORMER CFO - $179,808

Related partnerships

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

• CONSOLIDATED SUPPLY CHAIN SERVICES

  RELATED · GROUP PURCHASING · PA

  Directly controlled by HERITAGE VALLEY HEALTH SYSTEM

• EDGEWORTH COMMONS GROUP LLC

  RELATED · SURGERY CENTER · PA

  Directly controlled by HERITAGE VALLEY HEALTH SYSTEM

• BEAVER VALLEY AMBULATORY SURGERY CENTER LLC

  RELATED · SURGERY CENTER · PA

  Directly controlled by HERITAGE VALLEY HEALTH SYSTEM

Related corporations and trusts

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

• TRI-STATE OBSTETRICS & GYNECOLOGY

  C · PHYSICIAN PRACTICE · PA

  Directly controlled by HERITAGE VALLEY HEALTH SYSTEM

• HERITAGE VALLEY PEDIATRICS INC

  C · PHYSICIAN PRACTICE · PA

  Directly controlled by HERITAGE VALLEY HEALTH SYSTEM

• HERITAGE VALLEY MULTISPECIALTY GROUP INC

  C · PHYSICIAN PRACTICE · PA

  Directly controlled by HERITAGE VALLEY HEALTH SYSTEM

• TRI-STATE GYNECOLOGY INC

  C · PHYSICIAN PRACTICE · PA

  Directly controlled by HERITAGE VALLEY HEALTH SYSTEM

• HERITAGE VALLEY INSURANCE COMPANY

  C · PROFESSIONAL LIABILITY CAPTIVE · CJ

  Directly controlled by HERITAGE VALLEY HEALTH SYSTEM

• EMBROOKE INCORPORATED

  C · AMBULANCE SERVICES · PA · 100% owned · share of income -$112,730 · share of assets $2,023,833 · controlled entity

  Directly controlled by VALLEY MEDICAL FACILITIES INC

• KBS ANESTHESIA INC

  C · PROVIDES MEDICAL SERVICES · PA

  Directly controlled by HERITAGE VALLEY HEALTH SYSTEM