Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Gross Patient Revenue

  total $20,208,241 · related or exempt $20,208,241

• 2b · Program service revenue: Other Program Revenue

  total $1,120,632 · related or exempt $1,120,632

• 2c · Program service revenue: Provision for Bad Debt

  total -$404,513 · related or exempt -$404,513

• 2d · Program service revenue: Contractual Allowances

  total -$12,701,181 · related or exempt -$12,701,181

• 3 · Investment income

  total $11 · excluded $11

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,774,307 · program services $1,774,307

• 7 · Other salaries and wages

  total $4,939,025 · program services $3,409,546 · management and general $1,529,479

• 8 · Pension plan contributions

  total $591,563 · program services $568,353 · management and general $23,210

• 9 · Other employee benefits

  total $2,920,871 · program services $2,210,757 · management and general $710,114

• 10 · Payroll taxes

  total $1,771,699 · program services $1,657,480 · management and general $114,219

• 11b · Fees: legal

  total $65 · management and general $65

• 11g · Fees: other

  total $624,297 · program services $624,297

• 13 · Office expenses

  total $215,129 · program services $97,964 · management and general $117,165

• 16 · Occupancy

  total $818,120 · program services $818,120

• 17 · Travel

  total $5,483 · program services $5,483

• 19 · Conferences, conventions and meetings

  total $33,238 · program services $33,238

• 20 · Interest

  total $43,204 · management and general $43,204

• 22 · Depreciation, depletion and amortization

  total $70,006 · program services $70,006

• 23 · Insurance

  total $628,852 · program services $552,437 · management and general $76,415

• 24a · Other expenses: Collection Fees

  total $714,167 · program services $714,167

• 24b · Other expenses: Medical Supplies

  total $556,937 · program services $556,937

• 24c · Other expenses: Minor Equipment

  total $19,683 · program services $19,683

• 24d · Other expenses: Allocations

  total -$3,148,111 · program services -$3,148,111

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $450,000 · end of year $1,044,073

• 4 · Accounts receivable

  beginning of year $6,487,666 · end of year $2,842,693

• 9 · Prepaid expenses and deferred charges

  beginning of year $334,252 · end of year $134,088

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

  $1,661,675

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

  $1,218,716

• 10c · Land, buildings and equipment, net

  beginning of year $524,861 · end of year $442,959

• 15 · Other assets

  beginning of year $8,942,762 · end of year $1,370,527

• 17 · Accounts payable and accrued expenses

  beginning of year $9,662,547 · end of year $5,320,982

• 19 · Deferred revenue

  beginning of year $170,490

• 25 · Other liabilities

  beginning of year $1,351,541 · end of year $1,370,527

• 27 · Net assets without donor restrictions

  beginning of year $5,554,963 · end of year -$857,169

The filer's explanations (Part III)

Part I, Line 3

The related organization, Henry Heywood Memorial Hospital, uses the following methods to establish the compensation of the organization's CEO: - Compensation committee - Independent compensation consultant - Form 990 of other organizations - Written employment contract - Compensation survey or study - Approval by the board or compensation committee

Part I, Line 7

Heywood Healthcare has an incentive (bonus) program for senior administration, directors, and managers that is a predefined percentage of their annual salary. The incentive program is structured on the financial health of the organization as well other indicators based surrounding leadership level.