Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $1,029,870

• 1e · Government grants (contributions)

  $718,776

• 1f · All other contributions, gifts and grants

  $33,631

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

  total $24,854,061 · related or exempt $24,854,061

• 2b · Program service revenue: MEDICARE

  total $16,916,840 · related or exempt $16,916,840

• 2c · Program service revenue: MEDICAID

  total $10,635,167 · related or exempt $10,635,167

• 2d · Program service revenue: PHARMACY

  total $2,215,499 · related or exempt $2,215,499

• 2f · All other program service revenue

  total $53,827 · related or exempt $53,827

• 3 · Investment income

  total $350,678 · excluded $350,678

• 6a · Gross rents

  real property $81,245

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $81,245

• 6d · Net rental income or loss

  total $81,245 · excluded $81,245

• 7a · Gross sales of assets other than inventory

  other assets $840

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

  other assets $0

• 7c · Gain or loss

  other assets $840

• 7d · Net gain or loss

  total $840 · excluded $840

• 11a · Other revenue: CAFETERIA

  total $142,640 · excluded $142,640

• 11e · Other revenue, total

  $142,640

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $15,039 · program services $15,039

• 5 · Compensation of officers, directors and key employees

  total $591,413 · management and general $591,413

• 7 · Other salaries and wages

  total $17,749,969 · program services $15,654,182 · management and general $2,095,787

• 9 · Other employee benefits

  total $4,411,051 · program services $3,851,927 · management and general $559,124

• 11a · Fees: management

  total $273,049 · program services $141,003 · management and general $132,046

• 11b · Fees: legal

  total $57,553 · management and general $57,553

• 11c · Fees: accounting

  total $121,375 · management and general $121,375

• 11f · Fees: investment management

  total $11,375 · management and general $11,375

• 11g · Fees: other

  total $8,608,415 · program services $8,292,163 · management and general $316,252

• 12 · Advertising and promotion

  total $89,879 · management and general $89,879

• 13 · Office expenses

  total $2,905,689 · program services $2,689,775 · management and general $215,914

• 14 · Information technology

  total $81,617 · program services $70,759 · management and general $10,858

• 16 · Occupancy

  total $1,932,542 · program services $1,746,816 · management and general $185,726

• 17 · Travel

  total $94,911 · program services $57,752 · management and general $37,159

• 20 · Interest

  total $555,853 · program services $543,423 · management and general $12,430

• 22 · Depreciation, depletion and amortization

  total $1,883,557 · program services $1,841,107 · management and general $42,450

• 23 · Insurance

  total $366,333 · program services $288,436 · management and general $77,897

• 24a · Other expenses: MEDICAL SUPPLIES

  total $8,932,871 · program services $8,932,871

• 24b · Other expenses: FOOD COST

  total $223,349 · program services $223,349

• 24c · Other expenses: DUES & LICENSES

  total $207,923 · program services $116,913 · management and general $91,010

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $115,201 · end of year $763,211

• 2 · Savings and temporary cash investments

  beginning of year $26,042,193 · end of year $33,385,767

• 4 · Accounts receivable

  beginning of year $5,924,778 · end of year $6,487,852

• 8 · Inventories for sale or use

  beginning of year $468,816 · end of year $499,332

• 9 · Prepaid expenses and deferred charges

  beginning of year $291,964 · end of year $268,255

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

  $45,812,191

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

  $22,611,669

• 10c · Land, buildings and equipment, net

  beginning of year $15,432,390 · end of year $23,200,522

• 11 · Investments: publicly traded securities

  beginning of year $3,621,402 · end of year $3,662,147

• 15 · Other assets

  beginning of year $550,579 · end of year $1,128,578

• 17 · Accounts payable and accrued expenses

  beginning of year $4,370,068 · end of year $5,492,241

• 20 · Tax-exempt bond liabilities

  beginning of year $14,473,479 · end of year $22,535,188

• 23 · Secured mortgages and notes payable

  beginning of year $617,540 · end of year $369,481

• 24 · Unsecured notes and loans payable

  beginning of year $144,709 · end of year $140,982

• 25 · Other liabilities

  beginning of year $451,802 · end of year $360,768

• 27 · Net assets without donor restrictions

  beginning of year $31,889,725 · end of year $39,997,004

• 28 · Net assets with donor restrictions

  beginning of year $500,000 · end of year $500,000

The filer's explanations (Part III)

SCHEDULE J, PART II:

KEVIN KINCAID, CEO, WAS PAID BY AN UNRELATED ORGANIZATION, MERCYONE MEDICAL CENTER - DES MOINES. MERCYONE MEDICAL CENTER HAS A MANAGEMENT AGREEMENT WITH KNOXVILLE COMMUNITY HOSPITAL INC. KNOXVILLE COMMUNITY HOSPITAL PAYS MERCYONE MEDICAL CENTER FOR THE COMPENSATION OF THE CEO/ADMINISTRATOR. THE AMOUNT OF COMPENSATION PAID BY MERCYONE MEDICAL CENTER TO KEVIN KINCAID FOR HIS SERVICES AS CEO TO KNOXVILLE COMMUNITY HOSPITAL WAS $341,491. MERCYONE MEDICAL CENTER IS PART OF CATHOLIC HEALTH INITIATIVES.