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← MCCREADY FOUNDATION INC

Form 990 for tax year 2023

Filed by MCCREADY FOUNDATION INC.

Totals

Total revenue
$8,734,576
Total expenses
$12,968,067
Contributions and grants received
$35,000
Grants paid
$0
Program service revenue
$7,848,298
Investment income
$32,123
Other revenue
$819,155
Total assets, end of year
$11,330,902
Total liabilities, end of year
$8,373,206
Net assets or fund balances, end of year
$2,957,696
Program services expenses (Part IX)
$11,540,061
Management and general expenses
$1,394,302
Fundraising expenses
$33,704
Program service expenses (Part III)
$11,540,061

Program services were 89.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $35,000

  • 2a · Program service revenue: NURSING HOME

    total $6,984,341 · related or exempt $6,984,341

  • 2b · Program service revenue: ASSISTED LIVING

    total $863,957 · related or exempt $863,957

  • 3 · Investment income

    total $32,123 · excluded $32,123

  • 6a · Gross rents

    real property $528,866

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $528,866

  • 6d · Net rental income or loss

    total $528,866 · excluded $528,866

  • 11a · Other revenue: PAY FOR PERFORMANCE REVENUE

    total $225,058 · related or exempt $225,058

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $41,394 · excluded $41,394

  • 11c · Other revenue: CAFETERIA

    total $23,837 · excluded $23,837

  • 11e · Other revenue, total

    $290,289

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $203,511 · management and general $203,511

  • 7 · Other salaries and wages

    total $6,820,357 · program services $6,252,646 · management and general $549,449 · fundraising $18,262

  • 8 · Pension plan contributions

    total $230,075 · program services $204,813 · management and general $24,664 · fundraising $598

  • 9 · Other employee benefits

    total $1,098,165 · program services $977,587 · management and general $117,723 · fundraising $2,855

  • 10 · Payroll taxes

    total $514,010 · program services $457,572 · management and general $55,102 · fundraising $1,336

  • 11f · Fees: investment management

    total $4,620 · management and general $4,620

  • 11g · Fees: other

    total $681,947 · program services $607,069 · management and general $73,105 · fundraising $1,773

  • 13 · Office expenses

    total $123,832 · program services $110,235 · management and general $13,275 · fundraising $322

  • 14 · Information technology

    total $38,443 · program services $34,222 · management and general $4,121 · fundraising $100

  • 16 · Occupancy

    total $511,148 · program services $455,024 · management and general $54,795 · fundraising $1,329

  • 20 · Interest

    total $187,690 · program services $167,082 · management and general $20,120 · fundraising $488

  • 22 · Depreciation, depletion and amortization

    total $631,625 · program services $562,273 · management and general $67,710 · fundraising $1,642

  • 23 · Insurance

    total $187,150 · program services $166,601 · management and general $20,062 · fundraising $487

  • 24a · Other expenses: SUPPLIES

    total $1,035,368 · program services $921,685 · management and general $110,991 · fundraising $2,692

  • 24b · Other expenses: FOOD

    total $413,429 · program services $368,034 · management and general $44,320 · fundraising $1,075

  • 24c · Other expenses: DRUGS

    total $179,280 · program services $159,595 · management and general $19,219 · fundraising $466

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $107,417 · program services $95,623 · management and general $11,515 · fundraising $279

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $589,448 · end of year $354,327

  • 2 · Savings and temporary cash investments

    beginning of year $293,827 · end of year $299,721

  • 4 · Accounts receivable

    beginning of year $780,542 · end of year $700,944

  • 8 · Inventories for sale or use

    beginning of year $42,649 · end of year $39,666

  • 9 · Prepaid expenses and deferred charges

    beginning of year $41,265 · end of year $40,000

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

    $13,140,513

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

    $3,300,269

  • 10c · Land, buildings and equipment, net

    beginning of year $10,355,000 · end of year $9,840,244

  • 15 · Other assets

    beginning of year $0 · end of year $56,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $732,736 · end of year $696,748

  • 19 · Deferred revenue

    beginning of year $56,399 · end of year $56,399

  • 23 · Secured mortgages and notes payable

    beginning of year $7,863,871 · end of year $7,620,059

  • 27 · Net assets without donor restrictions

    beginning of year $3,449,725 · end of year $2,957,696

Mission and programs · 2023

Mission

PROVIDE HIGH QUALITY, COMPASSIONATE HEALTHCARE THROUGH AN EFFICIENT AND DIVERSIFIED SERVICE NETWORK, MAINTAINING AND IMPROVING THE HEALTH OF THE PEOPLE AND COMMUNITIES WE SERVE OVER THEIR LIFETIME.

Activities or mission (Part I)

NURSING HOME AND ASSISTED LIVING FACILITY.

  • ALICE BYRD TAWES NURSING AND REHABILITATION CENTER ALICE B TAWES NURSING AND REHABILITATION CENTER IN CRISFIELD, MARYLAND OFFERS INPATIENT SKILLED NURSING SERVICES FOR PATIENTS WHO ARE RECOVERING FROM ILLNESS OR INJURY AND ARE NOT READY FOR HOME RECOVERY. THE CENTER ALSO OFFERS LONG-TERM AND RESPITE CARE OPTIONS FOR RESIDENTS THAT ARE UNABLE TO LIVE INDEPENDENTLY AT HOME. THE FACILITY HAS 76 LICENSED BEDS WITH RESIDENTS LIVING IN PRIVATE OR SEMI-PRIVATE ROOMS.

    Expenses $9,845,216 · Revenue $7,209,399

  • CHESAPEAKE COVE ASSISTED LIVINGCHESAPEAKE COVE ASSISTED LIVING IS LOCATED IN CRISFIELD, MARYLAND AND OFFERS RESIDENTS FULL-TIME NON-MEDICAL CARE WHILE ENJOYING ARRANGED TRANSPORTATION AND ASSISTANCE WITH THEIR ACTIVITIES OF DAILY LIVING. RESIDENTS CAN PARTICIPATE IN COMMUNITY EVENTS AND ACTIVITIES, SUCH AS GROUP OUTINGS, EXERCISE CLASSES AND MOVIE NIGHTS.

    Expenses $1,694,845 · Revenue $863,957

As filed on the 2023 return.

Listed in Part VII

  • STEPHANIE GARY

    BOARD MEMBER/CFO TIDALHEALTH

    Total calculated
    $648,703
    From this org
    $0
    From related orgs
    $589,051
    Other
    $59,652
    Hours/week
    1 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $509,284 related
    Bonus
    $0 + $78,505 related
    Other
    $0 + $1,262 related
    Deferred
    $0 + $36,919 related
    Nontaxable benefits
    $0 + $22,733 related
    Filer's total
    $0 + $648,703 related

  • JAMES TRUMBLE MD

    BOARD MEMBER

    Total calculated
    $491,287
    From this org
    $0
    From related orgs
    $453,918
    Other
    $37,369
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $399,129 related
    Bonus
    $0 + $54,789 related
    Other
    $0
    Deferred
    $0 + $19,863 related
    Nontaxable benefits
    $0 + $17,506 related
    Filer's total
    $0 + $491,287 related

  • KATHRYN FIDDLER

    CHAIRPERSON

    Total calculated
    $429,950
    From this org
    $0
    From related orgs
    $384,119
    Other
    $45,831
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $335,624 related
    Bonus
    $0 + $47,277 related
    Other
    $0 + $1,218 related
    Deferred
    $0 + $43,626 related
    Nontaxable benefits
    $0 + $2,205 related
    Filer's total
    $0 + $429,950 related

  • CAMESHA SPENCE

    DIRECTOR OF ACCOUNTING

    Total calculated
    $219,100
    From this org
    $0
    From related orgs
    $194,606
    Other
    $24,494
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $170,889 related
    Bonus
    $0 + $14,189 related
    Other
    $0 + $9,528 related
    Deferred
    $0 + $11,196 related
    Nontaxable benefits
    $0 + $13,298 related
    Filer's total
    $0 + $219,100 related

  • BRUCE I RITCHIE

    FORMER OFFICER TO 01/2023

    Total calculated
    $455,805
    From this org
    $0
    From related orgs
    $426,118
    Other
    $29,687
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,966 related
    Bonus
    $0
    Other
    $0 + $258,152 related
    Deferred
    $0 + $28,600 related
    Nontaxable benefits
    $0 + $1,087 related
    Filer's total
    $0 + $455,805 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
PROCESS FOR DETERMINING COMPENSATION A COMPENSATION COMMITTEE OF TIDALHEALTH INC. (THI), THE SOLE CORPORATE MEMBER OF THE FILING ORGANIZATION, DETERMINES THE COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR OF THE ORGANIZATION. THE COMPENSATION COMMITTEE USES AN INDEPENDENT CONSULTANT, COMPENSATION SURVEYS, AND OTHER ORGANIZATION'S FORM 990 IN THE DETERMINATION PROCESS AND KEEPS CONTEMPROANEOUS RECORDS OF DECISIONS MADE.
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 INDIVIDUAL PARTICIPATED IN THIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: BRUCE RITCHIE THE FOLLOWING INDIVIDUAL RECEIVED A DISTRIBUTION DURING 2023 BASED ON THEIR PLAN'S VESTING DATE: BRUCE RITCHIE $217,958
PART I, LINE 6A, 6B AND 7:
CONTINGENT COMPENSATION AND NON-FIXED PAYMENTS OFFICERS OF THE FILING ORGANIZATION ARE PAID BY THI. THE COMPENSATION IS 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.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202531349349313238

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