Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MANAGEMENT REVEUE

  total $106,276,475 · related or exempt $106,276,475

• 2b · Program service revenue: MOBILE MRI SERVICES

  total $2,722,917 · related or exempt $2,722,917

• 2c · Program service revenue: MEDICAL SERVICE REVENUE

  total $8,128 · related or exempt $8,128

• 3 · Investment income

  total $547,238 · excluded $547,238

• 6a · Gross rents

  real property $505,305

• 6b · Less rental expenses

  real property $615,246

• 6c · Rental income or loss

  real property -$109,941

• 6d · Net rental income or loss

  total -$109,941 · unrelated business -$51,941 · excluded -$58,000

• 7a · Gross sales of assets other than inventory

  securities $606,463

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

  securities $0

• 7c · Gain or loss

  securities $606,463

• 7d · Net gain or loss

  total $606,463 · excluded $606,463

• 11a · Other revenue: NONOPERATING INCOME

  total $672,566 · related or exempt $672,566

• 11e · Other revenue, total

  $672,566

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $366,778 · program services $366,778

• 5 · Compensation of officers, directors and key employees

  total $4,981,160 · management and general $4,981,160

• 7 · Other salaries and wages

  total $38,252,773 · program services $31,955,644 · management and general $6,297,129

• 8 · Pension plan contributions

  total $2,464,627 · program services $1,796,693 · management and general $667,934

• 9 · Other employee benefits

  total $13,384,640 · program services $5,748,056 · management and general $7,636,584

• 10 · Payroll taxes

  total $3,055,654 · program services $2,315,314 · management and general $740,340

• 11b · Fees: legal

  total $2,369,871 · program services $3,527 · management and general $2,366,344

• 11c · Fees: accounting

  total $670,289 · program services $1,250 · management and general $669,039

• 11g · Fees: other

  total $16,838,711 · program services $7,621,805 · management and general $9,216,906

• 12 · Advertising and promotion

  total $1,144,083 · program services $10,370 · management and general $1,133,713

• 13 · Office expenses

  total $267,333 · program services $205,058 · management and general $62,275

• 16 · Occupancy

  total $2,330,238 · program services $840,503 · management and general $1,489,735

• 17 · Travel

  total $427,981 · program services $193,672 · management and general $234,309

• 20 · Interest

  total $434,310 · program services $225,276 · management and general $209,034

• 22 · Depreciation, depletion and amortization

  total $4,137,742 · program services $3,560,549 · management and general $577,193

• 23 · Insurance

  total $1,578,918 · program services $1,555,919 · management and general $22,999

• 24a · Other expenses: REPAIRS AND MAINTENANCE

  total $11,979,926 · program services $11,823,652 · management and general $156,274

• 24b · Other expenses: DUES AND SUBSCRIPTIONS

  total $3,922,202 · program services $2,187,825 · management and general $1,734,377

• 24c · Other expenses: MISCELLANEOUS EXPENSE

  total $2,050,921 · program services $2,021,987 · management and general $28,934

• 24d · Other expenses: SUPPLIES

  total $1,262,723 · program services $1,091,255 · management and general $171,468

• 24e · All other expenses

  total $1,458,865 · program services $677,578 · management and general $781,287

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $553 · end of year $553

• 4 · Accounts receivable

  end of year -$45,352

• 9 · Prepaid expenses and deferred charges

  beginning of year $8,287,314 · end of year $6,139,399

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

  $2,940,539

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

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $22,933,943 · end of year $2,940,539

• 12 · Investments: other securities

  beginning of year $2,333,203 · end of year $2,420,328

• 14 · Intangible assets

  beginning of year $1,724,103 · end of year $1,488,998

• 15 · Other assets

  beginning of year $0 · end of year $133,099

• 17 · Accounts payable and accrued expenses

  beginning of year $22,397,614 · end of year $12,506,209

• 23 · Secured mortgages and notes payable

  beginning of year $8,021,254 · end of year $6,592,296

• 24 · Unsecured notes and loans payable

  beginning of year $1,968,559 · end of year $2,073,618

• 25 · Other liabilities

  beginning of year $20,454,010 · end of year $13,579,210

• 27 · Net assets without donor restrictions

  beginning of year -$17,562,321 · end of year -$21,673,769

The filer's explanations (Part III)

PART I, LINE 1A

FIRST CLASS OR CHARTER TRAVEL. LOGAN HEALTH ONLY PROVIDES FIRST CLASS TRAVEL PAID WITH POINTS. CHARTER TRAVEL IS UTILIZED FOR THESE INDIVIDUALS WHEN A GROUP IS FLYING TOGETHER TO A CONFERENCE OR MEETING AND IT IS LESS EXPENSIVE THAN FLYING COMMERCIAL OR NO COMMERCIAL FLIGHT IS AVAILABLE. THIS WAS NOT INCLUDED AS TAXABLE COMPENSATION AS IT WAS BUSINESS RELATED. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES. THE MEMBERS OF LOGAN HEALTH'S ADMINISTRATIVE TEAM RECEIVE A FREE MEMBERSHIP TO THE SUMMIT MEDICAL FITNESS CENTER, AN AFFILIATED ORGANIZATION.

PART I, LINES 4A-B

CONTRACTUAL PAYMENTS: CRAIG LAMBRECHT - $1,116,784 COLE TURNER - $1,500,000 BRADLEY SCHIPPER - $836,802 WENDY FOURNET - $857,632 ADRIENNE CHASE - $636,014 STEVE GARSKE - $576,000 457(F) CONTRIBUTIONS: CLINTON SEGER - $165,001 JUSTIN OTT - $57,877 WILLIAM GIBSON - $30,500 KEVIN ABEL - $23,000 ELLEN LAYTON - $84,000 BRIGID BURKE - $23,000

PART I, LINE 7

BONUS PLANS ADMIN AND MGMT-BASED ON A NUMBER OF FACTORS INCLUDING BUT NOT LIMITED TO: QUALITY AND FINANCIAL INDICATORS INCLUDING DEPARTMENT SPECIFIC GOALS AND INITIATIVES, PATIENT SATISFACTION, PRODUCTIVITY, EMPLOYEE SATISFACTION, AND EMPLOYEE EVALUATION TIMELINESS. SUCCESSFUL IMPLEMENTATION OF COMPANY FISCAL YEAR ACTION PLANS AND THE OVERALL FINANCIAL HEALTH AND STABILITY OF THE ORGANIZATION.

Related partnerships

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

• FLATHEAD HOSPITAL DEVELOPMENT COMPANY LLC

  COMMERICAL BUILDING RENTAL · MT

Related corporations and trusts

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

• APPLIED HEALTH SERVICES INC

  C · HEALTH RELATED · MT · 100% owned · share of income $2,556,294 · share of assets $23,536,820 · controlled entity

  Directly controlled by LOGAN HEALTH