Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $23,400

• 1f · All other contributions, gifts and grants

  $2,045,153

• 2a · Program service revenue: Patient Service Revenue

  total $196,272,508 · related or exempt $196,272,508

• 2b · Program service revenue: Miscellaneous

  total $2,489,150 · related or exempt $1,143,400 · excluded $1,345,750

• 2c · Program service revenue: Contractual/Char. Adj.

  total -$99,674,977 · related or exempt -$99,674,977

• 3 · Investment income

  total $1,748,159 · excluded $1,748,159

• 6a · Gross rents

  real property $108,179

• 6b · Less rental expenses

  real property $2,094

• 6c · Rental income or loss

  real property $106,085

• 6d · Net rental income or loss

  total $106,085 · excluded $106,085

• 7a · Gross sales of assets other than inventory

  securities $27,381,343 · other assets $75,404

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

  securities $26,018,034 · other assets $0

• 7c · Gain or loss

  securities $1,363,309 · other assets $75,404

• 7d · Net gain or loss

  total $1,438,713 · excluded $1,438,713

• 8a · Fundraising events: gross income

  $18,150

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

  $23,400

• 8b · Fundraising events: direct expenses

  $17,438

• 8c · Net income from fundraising events

  total $712 · excluded $712

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $289,538 · program services $289,538

• 5 · Compensation of officers, directors and key employees

  total $1,810,084 · program services $343,653 · management and general $1,466,431

• 7 · Other salaries and wages

  total $40,365,619 · program services $32,884,333 · management and general $7,385,318 · fundraising $95,968

• 8 · Pension plan contributions

  total $1,069,578 · program services $873,508 · management and general $193,519 · fundraising $2,551

• 9 · Other employee benefits

  total $6,726,502 · program services $5,375,122 · management and general $1,335,786 · fundraising $15,594

• 10 · Payroll taxes

  total $2,522,520 · program services $1,992,736 · management and general $524,024 · fundraising $5,760

• 11a · Fees: management

  total $2,048,059 · management and general $2,048,059

• 11b · Fees: legal

  total $283,801 · management and general $283,801

• 11c · Fees: accounting

  total $156,650 · management and general $156,650

• 11g · Fees: other

  total $14,489,072 · program services $10,894,740 · management and general $3,489,878 · fundraising $104,454

• 12 · Advertising and promotion

  total $105,708 · program services $50,998 · management and general $54,710

• 13 · Office expenses

  total $627,715 · program services $457,391 · management and general $167,954 · fundraising $2,370

• 14 · Information technology

  total $135,941 · program services $65,776 · management and general $70,165

• 16 · Occupancy

  total $2,758,687 · program services $1,353,055 · management and general $1,405,632

• 17 · Travel

  total $44,000 · program services $21,195 · management and general $22,805

• 19 · Conferences, conventions and meetings

  total $32,473 · program services $15,642 · management and general $16,831

• 20 · Interest

  total $987,596 · program services $922,416 · management and general $65,180

• 22 · Depreciation, depletion and amortization

  total $6,347,689 · program services $5,928,739 · management and general $418,950

• 23 · Insurance

  total $1,041,423 · program services $359,298 · management and general $682,125

• 24a · Other expenses: Medical Supplies

  total $10,835,521 · program services $10,466,386 · management and general $369,135

• 24b · Other expenses: Medicaid Provider Tax

  total $4,114,513 · program services $4,114,513

• 24c · Other expenses: Miscellaneous

  total $1,355,410 · program services $884,567 · management and general $457,669 · fundraising $13,174

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,867,113 · end of year $13,309,988

• 2 · Savings and temporary cash investments

  beginning of year $18,268,998 · end of year $14,418,087

• 4 · Accounts receivable

  beginning of year $11,367,539 · end of year $10,664,238

• 8 · Inventories for sale or use

  beginning of year $703,934 · end of year $769,390

• 9 · Prepaid expenses and deferred charges

  beginning of year $705,098 · end of year $758,983

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

  $112,904,704

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

  $66,428,720

• 10c · Land, buildings and equipment, net

  beginning of year $49,873,694 · end of year $46,475,984

• 11 · Investments: publicly traded securities

  beginning of year $58,469,110 · end of year $63,733,840

• 15 · Other assets

  beginning of year $6,597,322 · end of year $6,619,522

• 17 · Accounts payable and accrued expenses

  beginning of year $10,586,677 · end of year $9,823,613

• 20 · Tax-exempt bond liabilities

  beginning of year $23,456,311 · end of year $22,866,175

• 25 · Other liabilities

  beginning of year $29,753,573 · end of year $26,079,832

• 27 · Net assets without donor restrictions

  beginning of year $70,737,354 · end of year $79,819,323

• 28 · Net assets with donor restrictions

  beginning of year $16,318,893 · end of year $18,161,089

The filer's explanations (Part III)

Part I, Lines 4a-b

Joseph Pepe MD, Former President/CEO of CMC, received a severance payment in the amount of $733,333 during calendar year 2022. Joseph Pepe MD, Former President/CEO of CMC and Alex Walker Esq., Executive Vice President & Chief Operating Officer of CMC, participate in a supplemental non-qualified retirement plan as described in Internal Revenue Code Section 457(f). During calendar 2022 $280,646 was deferred into the plan for Mr. Walker. No amount was deferred for Mr. Pepe.

Part I, Line 7

Bonuses paid to physicians/surgeons were based off of performance metrics relating to increased service access. The Bonuses for Senior Leadership are currently driven off of organizational goals as well as individual goals.

Part II

Joseph Pepe MD, a Former Trustee on the Huggins Hospital board, is the President/CEO of Catholic Medical Center (a related organization) and is compensated by Catholic Medical Center. Alex Walker, Esq., a Trustee on the Huggins Hospital board, is the Executive Vice President & Chief Operating Officer of Catholic Medical Center (a related organization) and is compensated by Catholic Medical Center.

Related partnerships

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

• Bedford Ambulatory Surgical Center

  Surgical Center · NH

• McGregor Street MOB LLC

  Medical Office Building · NH

Related corporations and trusts

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

• Huggins Senior Housing

  C · Elderly Housing · NH · 100% owned · share of income $862 · share of assets $678,593 · controlled entity

  Directly controlled by Huggins Hospital

• Alliance Enterprises

  C · Real Estate · NH

• Doctor's Medical Association

  C · Medical Office Building · NH