Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $144,715

• 1f · All other contributions, gifts and grants

  $1,000

• 2a · Program service revenue: PATIENT SERVICE REVENUE

  total $236,994,960 · related or exempt $236,994,960

• 2b · Program service revenue: OTHER PROGRAM REVENUE

  total $1,248,336 · related or exempt $1,248,336

• 3 · Investment income

  total $1,125,747 · unrelated business $4,310 · excluded $1,121,437

• 6a · Gross rents

  real property $1,331,250

• 6b · Less rental expenses

  real property $4,582,446

• 6c · Rental income or loss

  real property -$3,251,196

• 6d · Net rental income or loss

  total -$3,251,196 · related or exempt -$3,251,196

• 7a · Gross sales of assets other than inventory

  securities $524,490

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

  securities $0

• 7c · Gain or loss

  securities $524,490

• 7d · Net gain or loss

  total $524,490 · excluded $524,490

• 11a · Other revenue: PURCHASE REBATES

  total $345,853 · related or exempt $345,853

• 11b · Other revenue: SELF INSURED TRUST

  total $333,854 · excluded $333,854

• 11c · Other revenue: REVENUE FROM JOINT VENTURES

  total $262,513 · excluded $262,513

• 11d · All other revenue

  total $1,065,729 · related or exempt $701,281 · excluded $364,448

• 11e · Other revenue, total

  $2,007,949

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $4,045,575 · management and general $4,045,575

• 7 · Other salaries and wages

  total $92,536,042 · program services $89,776,327 · management and general $2,759,715

• 8 · Pension plan contributions

  total $2,475,061 · program services $2,300,665 · management and general $174,396

• 9 · Other employee benefits

  total $14,889,043 · program services $13,837,589 · management and general $1,051,454

• 10 · Payroll taxes

  total $6,301,530 · program services $5,857,516 · management and general $444,014

• 11b · Fees: legal

  total $406,819 · management and general $406,819

• 11c · Fees: accounting

  total $12,135 · management and general $12,135

• 11d · Fees: lobbying

  total $83,015 · management and general $83,015

• 11f · Fees: investment management

  total $98,812 · management and general $98,812

• 11g · Fees: other

  total $17,108,056 · program services $15,163,762 · management and general $1,944,294

• 12 · Advertising and promotion

  total $522,276 · program services $461,976 · management and general $60,300

• 13 · Office expenses

  total $6,582,049 · program services $5,822,114 · management and general $759,935

• 14 · Information technology

  total $5,635,476 · program services $4,984,828 · management and general $650,648

• 16 · Occupancy

  total $2,899,292 · program services $2,564,552 · management and general $334,740

• 17 · Travel

  total $46,505 · program services $41,136 · management and general $5,369

• 19 · Conferences, conventions and meetings

  total $239,853 · program services $212,161 · management and general $27,692

• 20 · Interest

  total $1,908,427 · management and general $1,908,427

• 22 · Depreciation, depletion and amortization

  total $10,814,187 · program services $9,049,098 · management and general $1,765,089

• 23 · Insurance

  total $5,333,617 · program services $4,717,821 · management and general $615,796

• 24a · Other expenses: MEDICAL SUPPLIES & DRUG

  total $52,342,402 · program services $52,342,402

• 24b · Other expenses: BAD DEBT EXPENSE

  total $6,476,811 · program services $6,476,811

• 24c · Other expenses: STATE LICENSE FEE

  total $5,026,973 · program services $5,026,973

• 24d · Other expenses: DUES & LICENSES

  total $607,636 · program services $537,481 · management and general $64,378 · fundraising $5,777

• 24e · All other expenses

  total $2,938,668 · program services $2,176,111 · management and general $739,166 · fundraising $23,391

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $9,100 · end of year $7,411

• 2 · Savings and temporary cash investments

  beginning of year $5,823,637 · end of year $6,691,302

• 4 · Accounts receivable

  beginning of year $16,772,530 · end of year $15,028,989

• 7 · Other notes and loans receivable

  beginning of year $258,683 · end of year $618,989

• 8 · Inventories for sale or use

  beginning of year $4,760,362 · end of year $5,152,510

• 9 · Prepaid expenses and deferred charges

  beginning of year $5,954,930 · end of year $8,623,860

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

  $237,768,495

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

  $173,244,267

• 10c · Land, buildings and equipment, net

  beginning of year $64,142,497 · end of year $64,524,228

• 11 · Investments: publicly traded securities

  beginning of year $30,184,682 · end of year $35,101,989

• 12 · Investments: other securities

  beginning of year $26,477,231 · end of year $28,419,525

• 14 · Intangible assets

  beginning of year $5,618,311 · end of year $4,598,718

• 15 · Other assets

  beginning of year $26,935,721 · end of year $13,276,232

• 17 · Accounts payable and accrued expenses

  beginning of year $27,241,400 · end of year $26,487,451

• 20 · Tax-exempt bond liabilities

  beginning of year $33,679,513 · end of year $27,584,587

• 23 · Secured mortgages and notes payable

  beginning of year $3,318,928 · end of year $11,032,242

• 25 · Other liabilities

  beginning of year $61,259,577 · end of year $44,908,738

• 27 · Net assets without donor restrictions

  beginning of year $61,393,266 · end of year $71,985,735

• 28 · Net assets with donor restrictions

  beginning of year $45,000 · end of year $45,000

The filer's explanations (Part III)

PART I, LINE 7

CERTAIN EXECUTIVES RECEIVE BONUS/INCENTIVE PAYMENTS THAT ARE BASED ON THE DISCRETION OF MANAGEMENT AND/OR THE BOARD.

Disregarded entities

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

• OCEAN VIEW HEALTH VENTURE LLC

  LEASE OFFICE · RI · income $2,162,199 · assets $15,673,700

  Directly controlled by SCH HEALTHCARE

Related corporations and trusts

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

• SILVER SPRING HEALTH CARE MANAGEMENT

  C · HOLDING COMPANY · RI · 100% owned · share of assets $428,101 · controlled entity

  Directly controlled by SCH HEALTHCARE

• SOUTH COUNTY QUALITY CARE

  C · PERSONAL CARE · RI · 100% owned · share of assets $44,902 · controlled entity

  Directly controlled by SS HEALTHCARE

• SSHM SURGICAL SUPPLY INC

  C · RETAIL OF MED EQP · RI · 100% owned · share of assets $10,130 · controlled entity

  Directly controlled by SS HEALTHCARE

• CHARITABLE REMAINDER TRUSTS (3)

  T · CHARITABLE TRUST · RI · controlled entity