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Nonprofiteer
← SKY LAKES MEDICAL CENTER INC

Form 990 for tax year 2022

Filed by SKY LAKES MEDICAL CENTER INC.

Totals

Total revenue
$887,158,128
Total expenses
$885,373,256
Contributions and grants received
$1,438,112
Grants paid
$9,057,737
Program service revenue
$879,562,202
Investment income
-$570,381
Other revenue
$6,728,195
Total assets, end of year
$473,045,212
Total liabilities, end of year
$125,339,150
Net assets or fund balances, end of year
$347,706,062
Program services expenses (Part IX)
$843,572,215
Management and general expenses
$41,801,041
Fundraising expenses
$0
Program service expenses (Part III)
$843,572,215

Program services were 95.3% 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.

  • 1d · Related organizations

    $1,438,112

  • 2a · Program service revenue: PATIENT REVENUE

    total $864,549,508 · related or exempt $864,549,508

  • 2b · Program service revenue: OTHER PROGRAM REVENUE

    total $15,012,694 · related or exempt $15,012,694

  • 3 · Investment income

    total -$570,381 · excluded -$570,381

  • 6a · Gross rents

    real property $381,042

  • 6b · Less rental expenses

    real property $541,961

  • 6c · Rental income or loss

    real property -$160,919

  • 6d · Net rental income or loss

    total -$160,919 · excluded -$160,919

  • 10a · Gross sales of inventory

    $18,803,408

  • 10b · Cost of goods sold

    $12,071,615

  • 10c · Net income from sales of inventory

    total $6,731,793 · excluded $6,731,793

  • 11a · Other revenue: PASSTHROUGH INCOME

    total $157,321 · related or exempt $157,321

  • 11e · Other revenue, total

    $157,321

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $46,250 · program services $46,250

  • 2 · Grants to domestic individuals

    total $9,011,487 · program services $9,011,487

  • 5 · Compensation of officers, directors and key employees

    total $2,173,004 · management and general $2,173,004

  • 7 · Other salaries and wages

    total $139,930,348 · program services $126,250,280 · management and general $13,680,068

  • 8 · Pension plan contributions

    total $6,386,982 · program services $5,338,663 · management and general $1,048,319

  • 9 · Other employee benefits

    total $15,857,715 · program services $13,668,930 · management and general $2,188,785

  • 10 · Payroll taxes

    total $8,107,190 · program services $6,879,154 · management and general $1,228,036

  • 11a · Fees: management

    total $1,250,511 · program services $158,604 · management and general $1,091,907

  • 11b · Fees: legal

    total $6,614 · management and general $6,614

  • 11c · Fees: accounting

    total $177,792 · management and general $177,792

  • 11g · Fees: other

    total $31,521,274 · program services $31,481,860 · management and general $39,414

  • 12 · Advertising and promotion

    total $621,576 · program services $56,913 · management and general $564,663

  • 13 · Office expenses

    total $1,990,070 · program services $803,957 · management and general $1,186,113

  • 14 · Information technology

    total $11,759,907 · program services $1,054,979 · management and general $10,704,928

  • 16 · Occupancy

    total $3,395,333 · program services $1,841,245 · management and general $1,554,088

  • 17 · Travel

    total $63,349 · program services $63,349

  • 19 · Conferences, conventions and meetings

    total $476,426 · program services $380,162 · management and general $96,264

  • 20 · Interest

    total $2,953,279 · program services $2,953,279

  • 22 · Depreciation, depletion and amortization

    total $11,957,050 · program services $11,542,931 · management and general $414,119

  • 23 · Insurance

    total $2,991,334 · program services $2,145,100 · management and general $846,234

  • 24a · Other expenses: CONTRACTUAL ALLOWANCE

    total $557,493,053 · program services $557,493,053

  • 24b · Other expenses: SUPPLIES

    total $52,494,118 · program services $52,285,776 · management and general $208,342

  • 24c · Other expenses: BAD DEBTS

    total $8,435,002 · program services $8,435,002

  • 24e · All other expenses

    total $16,273,592 · program services $11,681,241 · management and general $4,592,351

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,015,202 · end of year $17,407,657

  • 2 · Savings and temporary cash investments

    beginning of year $312,938 · end of year $229,030

  • 4 · Accounts receivable

    beginning of year $35,726,555 · end of year $34,975,509

  • 5 · Loans and receivables from officers and key people

    beginning of year $1,677,429 · end of year $1,848,826

  • 8 · Inventories for sale or use

    beginning of year $7,415,669 · end of year $9,553,697

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,592,739 · end of year $7,432,567

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

    $312,429,695

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

    $187,505,540

  • 10c · Land, buildings and equipment, net

    beginning of year $126,944,652 · end of year $124,924,155

  • 11 · Investments: publicly traded securities

    beginning of year $36,906,330 · end of year $24,748,464

  • 12 · Investments: other securities

    beginning of year $141,448,051 · end of year $144,868,046

  • 15 · Other assets

    beginning of year $84,894,259 · end of year $107,057,261

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,612,268 · end of year $47,463,273

  • 19 · Deferred revenue

    beginning of year $2,240,364 · end of year $2,206,926

  • 20 · Tax-exempt bond liabilities

    beginning of year $65,217,593 · end of year $65,865,015

  • 25 · Other liabilities

    beginning of year $7,910,233 · end of year $9,803,936

  • 27 · Net assets without donor restrictions

    beginning of year $341,953,366 · end of year $347,706,062

Mission and programs · 2022

Mission

SKY LAKES MEDICAL CENTER WILL CONTINUALLY STRIVE TO REDUCE THE BURDEN OF ILLNESS, INJURY AND DISABILITY, AND TO IMPROVE THE HEALTH, SELF- RELIANCE AND WELL-BEING OF THE PEOPLE WE SERVE. WE WILL DEMONSTRATE THAT WE ARE COMPETENT AND CARING IN ALL WE DO. WE SHALL ENDEAVOR TO BE SO SUCCESSFUL IN THIS EFFORT THAT WE WILL BECOME A PREEMINENT HEALTHCARE CENTER.

  • PATIENT CARE - ACUTE INPATIENT CARE FOR ADULT AND PEDIATRIC PATIENTS; A LEVEL III TRAUMA EMERGENCY DEPARTMENT; SERVICES RELATED TO CHILD ABUSE, HOME CARE, PHYSICAL, OCCUPATIONAL AND SPEECH THERAPIES; A CANCER TREATMENT CENTER WITH BOTH MEDICAL AND RADIATION ONCOLOGY; AND DIAGNOSTIC TESTING (LABORATORY AND DIAGNOSTIC IMAGING) AVAILABILITY IN SETTINGS AROUND THE COMMUNITY.UNCOMPENSATED CARE - CHARGES WRITTEN OFF UNDER OUR BROAD-REACHING CHARITY CARE POLICY TOTALED $8,837,365 (1.0% OF CHARGES). IN ADDITION TO CHARITY CARE WRITEOFFS, CHARGES WRITTEN OFF AS BAD DEBT TOTALED $8,435,002 (1.0% OF CHARGES).EDUCATIONAL SUPPORT - SKY LAKES MEDICAL CENTER COMMITS SIGNIFICANT DOLLARS AND HOURS TO BENEFIT EDUCATIONAL EFFORTS IN AND FOR THE COMMUNITY. AMONG THOSE COMMITMENTS ARE THE FOLLOWING: OREGON HEALTH & SCIENCE UNIVERSITY AFFILIATED FAMILY PRACTICE RESIDENCY PROGRAM AND CLINIC; AN RN I TRAINING PROGRAM TO INCLUDE 6 MONTHS OF ONE-ON-ONE SUPERVISED ORIENTATION TO THE INPATIENT CARE AREAS; AWARDING OF SCHOLARSHIPS TO COMMUNITY MEMBERS AND/OR EMPLOYEES IN HEALTHCARE- RELATED PROGRAMS; A HOSPITAL DEPARTMENT, LEARNING RESOURCES, DEDICATED TO THE EDUCATION OF PHYSICIANS, EMPLOYEES AND COMMUNITY MEMBERS; COMMITMENT TO EMPLOYEES ACTING, EITHER FULL-TIME OR PART-TIME, AS INSTRUCTORS IN ACCREDITED COURSES AT THE HIGH SCHOOL, COMMUNITY COLLEGE OR UNIVERSITY LEVEL; STIPEND PAYMENTS TO STUDENTS PERFORMING WORK AND/OR ON-THE-JOB TRAINING WITHIN THE HOSPITAL SETTING; TUITION REIMBURSEMENTS PAID TO EMPLOYEES ENROLLED IN COLLEGE-LEVEL COURSEWORK; JOINT PARTICIPATION IN A SIMULATION LABORATORY WITH OIT; FREE OR MINIMAL COST COMMUNITY EDUCATIONAL OPPORTUNITIES SUCH AS DIABETES EDUCATION, NUTRITION AND OTHER EDUCATION PROGRAMS IN OR FOR THE SCHOOLS; AND HEALTH FAIRS.

    Expenses $843,572,215 · Grants $9,057,737 · Revenue $879,719,523

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Paul Stewart - Board Mbr

    TILL 1/30/23, CEO EMERITUS

    Total calculated
    $850,087
    From this org
    $792,147
    From related orgs
    $0
    Other
    $57,940
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $377,170
    Bonus
    $414,977
    Other
    $0
    Deferred
    $41,800
    Nontaxable benefits
    $16,140
    Filer's total
    $850,087

  • David Cauble - Ceopresident

    BOARD MEMBER TILL 10/30/22

    Total calculated
    $686,098
    From this org
    $649,728
    From related orgs
    $0
    Other
    $36,370
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $648,728
    Bonus
    $1,000
    Other
    $0
    Deferred
    $18,300
    Nontaxable benefits
    $18,070
    Filer's total
    $686,098

  • John Bell

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • Rod Wendt

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David Stork

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Douglas McInnis DVM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Heidi Neel Biggs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Wendy Warren MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • G Scott McCreadie MD

    BOARD MEMBER

    Total calculated
    $525,021
    From this org
    $484,814
    From related orgs
    $0
    Other
    $40,207
    Hours/week
    1 + 1 related

    Schedule J breakdown matched by us

    Base
    $461,622
    Bonus
    $23,192
    Other
    $0
    Deferred
    $18,526
    Nontaxable benefits
    $21,681
    Filer's total
    $525,021

  • Radu Moisa

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Richard Rico

    VP/CFO

    Total calculated
    $602,880
    From this org
    $548,560
    From related orgs
    $0
    Other
    $54,320
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $431,255
    Bonus
    $117,305
    Other
    $0
    Deferred
    $38,180
    Nontaxable benefits
    $16,140
    Filer's total
    $602,880

  • Fred Naraghi

    MEDICAL PROVIDER

    Total calculated
    $1,132,858
    From this org
    $1,091,187
    From related orgs
    $0
    Other
    $41,671
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,091,187
    Bonus
    $0
    Other
    $0
    Deferred
    $19,987
    Nontaxable benefits
    $21,684
    Filer's total
    $1,132,858

  • Jared Ogao

    MEDICAL PROVIDER

    Total calculated
    $739,089
    From this org
    $699,105
    From related orgs
    $0
    Other
    $39,984
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $679,105
    Bonus
    $20,000
    Other
    $0
    Deferred
    $18,300
    Nontaxable benefits
    $21,684
    Filer's total
    $739,089

  • George Kubac

    MEDICAL PROVIDER

    Total calculated
    $693,993
    From this org
    $660,898
    From related orgs
    $0
    Other
    $33,095
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $660,898
    Bonus
    $0
    Other
    $0
    Deferred
    $18,300
    Nontaxable benefits
    $14,795
    Filer's total
    $693,993

  • Stanton Smith

    MEDICAL PROVIDER

    Total calculated
    $670,667
    From this org
    $632,024
    From related orgs
    $0
    Other
    $38,643
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $630,352
    Bonus
    $1,672
    Other
    $0
    Deferred
    $16,959
    Nontaxable benefits
    $21,684
    Filer's total
    $670,667

  • Logan Koehler

    MEDICAL PROVIDER

    Total calculated
    $697,548
    From this org
    $662,985
    From related orgs
    $0
    Other
    $34,563
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $561,145
    Bonus
    $101,840
    Other
    $0
    Deferred
    $18,300
    Nontaxable benefits
    $16,263
    Filer's total
    $697,548

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

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SOUTHERN OREGON EMERGENCY CARE LLC

    PHYSICIAN SERVICES · OR · income $0 · assets $0

    Directly controlled by SKY LAKES MEDICAL CENTER

Related partnerships

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

  • KLAMATH MEDICAL BUSINESS CENTER LLC

    INVESTMENT · REAL AND PERSONAL PROPERTY RENTAL · OR · 50% owned · share of income $55,843 · share of assets $770,568 · general or managing partner

    Directly controlled by SKY LAKES MEDICAL CENTER

Related corporations and trusts

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

  • WEST PHYSICIAN SERVICES LLC

    C · PHYSICIAN SERVICES · OR · 100% owned · share of income -$5,217,773 · share of assets $6,288,537 · controlled entity

    Directly controlled by SKY LAKES MEDICAL CENTER

Provenance

Return type
form_990
Tax year
2022
Filed
12 August 2024
IRS schema version
2022v5.0
Source object
202402259349302455

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