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← BLUE RIDGE HEALTHCARE MEDICAL GROUP INC

Form 990 for tax year 2022

Filed by BLUE RIDGE HEALTHCARE MEDICAL GROUP INC.

What the amendment changed

Compared with the return it replaced , filed 26 April 2023. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$26,058,504 changed to $54,094,375
Total expenses
$33,407,215 changed to $73,802,587
Contributions and grants received
$0 changed to $107,907
Program service revenue
$26,058,504 changed to $53,970,821
Investment income
$0 changed to $15,647
Total assets, end of year
$28,294,730 changed to $20,635,926
Total liabilities, end of year
$145,889,242 changed to $157,938,650
Net assets or fund balances, end of year
-$117,594,512 changed to -$137,302,724
Program services expenses
$29,362,932 changed to $65,243,009
Management and general expenses
$4,044,283 changed to $8,559,578
Program service expenses (Part III)
$29,362,932 changed to $65,243,009

Listed only on the earlier return

  • Gandhari Loomis

Listed only on the later return

  • Gandhari Loomis MD
  • Gerald Mank
  • Kadry Allaboun
  • Matthew Mishoe
  • Michael Smith
  • Steven Isserman

Totals

Total revenue
$54,094,375
Total expenses
$73,802,587
Contributions and grants received
$107,907
Grants paid
$0
Program service revenue
$53,970,821
Investment income
$15,647
Other revenue
$0
Total assets, end of year
$20,635,926
Total liabilities, end of year
$157,938,650
Net assets or fund balances, end of year
-$137,302,724
Program services expenses (Part IX)
$65,243,009
Management and general expenses
$8,559,578
Fundraising expenses
$0
Program service expenses (Part III)
$65,243,009

Program services were 88.4% 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

    $107,907

  • 2a · Program service revenue: PHYSICIAN PRACTICE

    total $39,703,143 · related or exempt $39,703,143

  • 2b · Program service revenue: INTER-FACILITY REVENUE

    total $13,000,785 · related or exempt $13,000,785

  • 2f · All other program service revenue

    total $1,266,893 · related or exempt $1,266,893

  • 3 · Investment income

    total $15,647 · excluded $15,647

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $317,688 · program services $317,688

  • 7 · Other salaries and wages

    total $53,066,100 · program services $46,126,208 · management and general $6,939,892

  • 8 · Pension plan contributions

    total $796,779 · program services $693,198 · management and general $103,581

  • 9 · Other employee benefits

    total $891,425 · program services $775,540 · management and general $115,885

  • 10 · Payroll taxes

    total $1,796,651 · program services $1,563,086 · management and general $233,565

  • 11g · Fees: other

    total $3,770,234 · program services $3,016,187 · management and general $754,047

  • 12 · Advertising and promotion

    total $4,766 · management and general $4,766

  • 13 · Office expenses

    total $90,427 · management and general $90,427

  • 16 · Occupancy

    total $1,393,675 · program services $1,393,675

  • 17 · Travel

    total $233,854 · program services $233,854

  • 22 · Depreciation, depletion and amortization

    total $1,774,433 · program services $1,774,433

  • 23 · Insurance

    total $293,548 · management and general $293,548

  • 24a · Other expenses: INTERCOMPANY

    total $4,846,178 · program services $4,846,178

  • 24b · Other expenses: MED & GEN SUPPLIES

    total $4,378,950 · program services $4,378,950

  • 24c · Other expenses: LEASE EXPENSE

    total $68,327 · program services $68,327

  • 24e · All other expenses

    total $79,552 · program services $55,685 · management and general $23,867

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,365,016 · end of year $379,459

  • 4 · Accounts receivable

    beginning of year $7,904,641 · end of year $4,321,530

  • 8 · Inventories for sale or use

    beginning of year $669 · end of year $4,120

  • 9 · Prepaid expenses and deferred charges

    beginning of year $221,040 · end of year $141,118

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

    $26,867,288

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

    $13,693,330

  • 10c · Land, buildings and equipment, net

    beginning of year $14,353,908 · end of year $13,173,958

  • 14 · Intangible assets

    beginning of year $2,033,454 · end of year $2,033,454

  • 15 · Other assets

    beginning of year $416,002 · end of year $582,287

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,316,654 · end of year $3,280,198

  • 25 · Other liabilities

    beginning of year $142,572,588 · end of year $154,658,452

  • 27 · Net assets without donor restrictions

    beginning of year -$117,594,512 · end of year -$137,302,724

Mission and programs · 2022

Mission

BLUE RIDGE MEDICAL GROUP IS COMMITTED TO IMPROVING THE HEALTH OF OUR COMMUNITIES BY PROVIDING EXCELLENT AND COMPASSIONATE CARE.

Activities or mission (Part I)

TO PROVIDE MEDICAL CARE AND TO PROMOTE THE GENERAL HEALTH OF THE COMMUNITY.

  • PHYSICIAN PRACTICE GROUPGENERAL AND SPECIALTY PRACTICES FOR THE COMMUNITY TO RECEIVE CARE, TREATMENT FROM ILLNESS, AND PROMOTE GENERAL HEALTH. THE PHYSICIAN GROUP COMPLIMENTS THE OTHER SERVICES OF BLUE RIDGE HEALTHCARE'S ACUTE CARE FACILITIES AND LONG TERM CARE FACILITIES.

    Expenses $65,243,009 · Revenue $53,970,821

As filed on the 2022 return.

Listed in Part VII

  • Kathy Bailey

    PRESIDENT & CEO

    Total calculated
    $979,442
    From this org
    $0
    From related orgs
    $965,485
    Other
    $13,957
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $600,355 related
    Bonus
    $0 + $362,492 related
    Other
    $0 + $2,638 related
    Deferred
    $0 + $3,664 related
    Nontaxable benefits
    $0 + $10,293 related
    Filer's total
    $0 + $979,442 related

  • Alan Griffin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gandhari Loomis MD

    BOARD MEMBER

    Total calculated
    $337,860
    From this org
    $317,688
    From related orgs
    $0
    Other
    $20,172
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $226,399
    Bonus
    $91,098
    Other
    $191
    Deferred
    $9,031
    Nontaxable benefits
    $11,141
    Filer's total
    $337,860

  • Patricia Moll

    CFO

    Total calculated
    $430,768
    From this org
    $0
    From related orgs
    $387,359
    Other
    $43,409
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $245,224 related
    Bonus
    $0 + $129,512 related
    Other
    $0 + $12,623 related
    Deferred
    $0 + $7,940 related
    Nontaxable benefits
    $0 + $35,469 related
    Filer's total
    $0 + $430,768 related

  • Gerald Mank

    PHYSICIAN

    Total calculated
    $1,037,509
    From this org
    $979,390
    From related orgs
    $0
    Other
    $58,119
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $547,531
    Bonus
    $431,355
    Other
    $504
    Deferred
    $11,403
    Nontaxable benefits
    $46,716
    Filer's total
    $1,037,509

  • Kadry Allaboun

    PHYSICIAN

    Total calculated
    $939,135
    From this org
    $866,179
    From related orgs
    $0
    Other
    $72,956
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $397,327
    Bonus
    $468,348
    Other
    $504
    Deferred
    $8,639
    Nontaxable benefits
    $64,317
    Filer's total
    $939,135

  • Michael Smith

    PHYSICIAN

    Total calculated
    $915,618
    From this org
    $842,646
    From related orgs
    $0
    Other
    $72,972
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $842,427
    Bonus
    $0
    Other
    $219
    Deferred
    $11,656
    Nontaxable benefits
    $61,316
    Filer's total
    $915,618

  • Steven Isserman

    PHYSICIAN

    Total calculated
    $859,744
    From this org
    $783,494
    From related orgs
    $0
    Other
    $76,250
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $644,373
    Bonus
    $138,617
    Other
    $504
    Deferred
    $12,890
    Nontaxable benefits
    $63,360
    Filer's total
    $859,744

  • Matthew Mishoe

    MEDICAL DIRECTOR

    Total calculated
    $808,652
    From this org
    $778,698
    From related orgs
    $0
    Other
    $29,954
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $513,790
    Bonus
    $264,579
    Other
    $329
    Deferred
    $10,848
    Nontaxable benefits
    $19,106
    Filer's total
    $808,652

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
ALL BENEFITS PROVIDED TO OFFICERS FACILITATE BUSINESS RELATIONSHIPS. BRHC PAID THE CLUB DUES FOR KATHY BAILEY.
PART I, LINE 3
IN 2021, THE ORGANIZATION TERMINATED THE MANAGEMENT SERVICES CONTRACT WITH ATRIUM HEALTH (FORMERLY CAROLINAS HEALTHCARE SYSTEM) AND ENTERED INTO A MANAGEMENT SERVICES CONTRACT WITH UNC HEALTH. THE ORGANIZATION COMPENSATION COMMITTEE REVIEWS AND APPROVES THE COMPENSATION PACKAGE.
PART I, LINE 4B
DURING THE YEAR, THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SECTION 457(F) PLAN: PATRICIA MOLL $ 11,792
PART I, LINE 6
BONUSES ARE PAID IF THE ORGANIZATION'S RESULTS MEET CERTAIN PERFORMANCE INDICATORS.

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

No itemized grants to organizations 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.

Related corporations and trusts

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

  • GRACE HEALTH VENTURES INC

    C · RELATED · NC

    Directly controlled by BLUE RIDGE HEALTHCARE SYSTEM

Provenance

Return type
form_990
Tax year
2022
Filed
25 April 2024
IRS schema version
2022v5.0
Source object
202411239349300521

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