Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $179,817

• 1f · All other contributions, gifts and grants

  $1,389,828

• 3 · Investment income

  total $172,449 · excluded $172,449

• 8a · Fundraising events: gross income

  $56,329

• 8a · Fundraising events: contributions included on line 1c

  $179,817

• 8b · Fundraising events: direct expenses

  $72,504

• 8c · Net income from fundraising events

  total -$16,175 · excluded -$16,175

• 11a · Other revenue: ADMIN LEASED EMPLOYEES

  total $5,109 · excluded $5,109

• 11b · Other revenue: MISCELLANEOUS REVENUE

  total $1,695 · excluded $1,695

• 11e · Other revenue, total

  $6,804

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $149,692 · fundraising $149,692

• 9 · Other employee benefits

  total $12,718 · fundraising $12,718

• 10 · Payroll taxes

  total $11,085 · fundraising $11,085

• 11b · Fees: legal

  total $200 · fundraising $200

• 11c · Fees: accounting

  total $2,400 · fundraising $2,400

• 11g · Fees: other

  total $32,742 · fundraising $32,742

• 13 · Office expenses

  total $7,304 · fundraising $7,304

• 14 · Information technology

  total $2,028 · fundraising $2,028

• 16 · Occupancy

  total $14,892 · fundraising $14,892

• 17 · Travel

  total $931 · fundraising $931

• 22 · Depreciation, depletion and amortization

  total $3,333 · fundraising $3,333

• 23 · Insurance

  total $23,460 · fundraising $23,460

• 24a · Other expenses: MISCELLANEOUS EXPENSES

  total $34,752 · fundraising $34,752

• 24b · Other expenses: DUES & SUBSCRIPTIONS

  total $175 · fundraising $175

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,046,804 · end of year $2,919,973

• 2 · Savings and temporary cash investments

  beginning of year $448,951 · end of year $454,302

• 4 · Accounts receivable

  beginning of year $25 · end of year $70,884

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

  $4,000,000

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

  $3,333

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $3,996,667

• 11 · Investments: publicly traded securities

  beginning of year $8,630,512 · end of year $9,353,942

• 12 · Investments: other securities

  beginning of year $7,118,060 · end of year $7,622,083

• 17 · Accounts payable and accrued expenses

  beginning of year $90,989 · end of year $15,348

• 23 · Secured mortgages and notes payable

  end of year $3,900,000

• 27 · Net assets without donor restrictions

  beginning of year $6,714,836 · end of year $7,149,737

• 28 · Net assets with donor restrictions

  beginning of year $11,438,527 · end of year $13,352,766

The filer's explanations (Part III)

PART I, LINE 3

THE CEO'S COMPENSATION IS PAID BY INDIANA REGIONAL MEDICAL CENTER. INDIANA REGIONAL MEDICAL CENTER USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

PART I, LINE 4B

INDIANA REGIONAL MEDICAL CENTER HAS A SUPPLEMENTAL, NONQUALIFIED RETIREMENT PLAN UNDER IRC SECTION 457(F) FOR PRESIDENT & CEO, STEPHEN A. WOLFE. PAY OUTS TO HIM WERE $138,553, AND CONTRIBUTIONS TO THE PLAN WERE $94,502 DURING CALENDAR YEAR 2023.