Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $538,610

• 2a · Program service revenue: MANAGEMENT FEE

  total $467,466,350 · related or exempt $456,069,348 · unrelated business $11,397,002

• 2b · Program service revenue: CIN REVENUE

  total $6,329,146 · unrelated business $6,329,146

• 2c · Program service revenue: PATIENT SERVICES

  total $5,983,344 · related or exempt $5,983,344

• 3 · Investment income

  total $2,695,454 · excluded $2,695,454

• 7a · Gross sales of assets other than inventory

  securities $807,295

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

  securities $0 · other assets $365,125

• 7c · Gain or loss

  securities $807,295 · other assets -$365,125

• 7d · Net gain or loss

  total $442,170 · excluded $442,170

• 11a · Other revenue: PHARMACY SERVICES

  total $42,132,939 · related or exempt $42,132,939 · unrelated business $0 · excluded $0

• 11b · Other revenue: LABORATORY SERVICES

  total $1,551,350 · related or exempt $1,551,350 · unrelated business $0 · excluded $0

• 11c · Other revenue: OTHER MISC REVENUE

  total $480,270 · excluded $480,270

• 11e · Other revenue, total

  $44,164,559

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $417,886 · program services $417,886

• 5 · Compensation of officers, directors and key employees

  total $15,691,569 · management and general $15,691,569

• 7 · Other salaries and wages

  total $211,595,468 · program services $168,769,475 · management and general $42,825,993

• 8 · Pension plan contributions

  total $6,901,968 · program services $6,709,391 · management and general $192,577

• 9 · Other employee benefits

  total $26,064,076 · program services $19,889,189 · management and general $6,174,887

• 10 · Payroll taxes

  total $18,978,967 · program services $14,234,225 · management and general $4,744,742

• 11b · Fees: legal

  total $4,625,586 · management and general $4,625,586

• 11c · Fees: accounting

  total $435,769 · management and general $435,769

• 11g · Fees: other

  total $63,062,281 · program services $55,494,808 · management and general $7,567,473

• 12 · Advertising and promotion

  total $14,246,546 · management and general $14,246,546

• 13 · Office expenses

  total $2,220,667 · program services $1,443,433 · management and general $777,234

• 14 · Information technology

  total $69,882,765 · program services $69,882,765

• 16 · Occupancy

  total $2,069,034 · program services $2,069,034

• 17 · Travel

  total $2,152,555 · program services $1,722,044 · management and general $430,511

• 19 · Conferences, conventions and meetings

  total $3,923,430 · program services $2,628,698 · management and general $1,294,732

• 20 · Interest

  total $37,739 · program services $37,739

• 22 · Depreciation, depletion and amortization

  total $50,035,741 · program services $50,035,741

• 23 · Insurance

  total $855,555 · management and general $855,555

• 24a · Other expenses: MEDICAL SUPPLIES

  total $23,209,129 · program services $23,209,129

• 24b · Other expenses: OTHER TAXES & LICENSES

  total $5,675,627 · program services $5,675,627

• 24c · Other expenses: DUES & SUBSCRIPTIONS

  total $2,694,312 · management and general $2,694,312

• 24d · Other expenses: MISCELLANEOUS EXPENSES

  total $1,449,910 · management and general $1,449,910

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $50,827,673 · end of year $36,053,801

• 2 · Savings and temporary cash investments

  beginning of year $206,008,389 · end of year $17,736,208

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $5,181,003 · end of year $3,517,735

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $32,776,045 · end of year $25,601,250

• 9 · Prepaid expenses and deferred charges

  beginning of year $50,716,849 · end of year $54,098,115

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

  $908,343,399

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

  $638,062,697

• 10c · Land, buildings and equipment, net

  beginning of year $239,635,582 · end of year $270,280,702

• 11 · Investments: publicly traded securities

  beginning of year $0 · end of year $0

• 12 · Investments: other securities

  beginning of year $70,750,292 · end of year $73,297,220

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $5,937,013 · end of year $1,708,681

• 17 · Accounts payable and accrued expenses

  beginning of year $253,792,106 · end of year $169,475,424

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $69,578 · end of year $85,085

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $99,316,115 · end of year $102,089,621

• 27 · Net assets without donor restrictions

  beginning of year $308,655,047 · end of year $210,643,582

• 28 · Net assets with donor restrictions

  end of year $0

The filer's explanations (Part III)

PART I, LINE 1A

TRAVEL FOR COMPANIONS: CENTURA HEALTH CORPORATION (CHC) PROVIDES REIMBURSEMENT FOR SPOUSAL TRAVEL WHEN CERTAIN OF ITS EXECUTIVES ATTEND CONFERENCES SPONSORED BY ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORPORATION (AHSSHC). AHSSHC IS THE TAX-EXEMPT TOP-TIER PARENT OF PORTERCARE ADVENTIST HEALTH SYSTESM (PAHS). PAHS IS ONE OF THE TWO MEMBERS OF THE FILING ORGANIZATION. ALL SPOUSAL TRAVEL COSTS REIMBURSED TO THE EXECUTIVE ARE CONSIDERED TAXABLE COMPENSATION TO THE EXECUTIVE. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: CHC HAS A SYSTEM-WIDE POLICY ADDRESSING GROSS-UP PAYMENTS PROVIDED IN CONNECTION WITH EMPLOYER-PROVIDED BENEFITS/OTHER TAXABLE ITEMS. UNDER THE POLICY, CERTAIN TAXABLE BUSINESS-RELATED REIMBURSEMENTS (I.E. TAXABLE BUSINESS-RELATED MOVING EXPENSES) PROVIDED TO ANY EMPLOYEE MAY BE GROSSED-UP UPON APPROVAL BY THE FILING ORGANIZATION'S CEO AND CFO. DISCRETIONARY SPENDING ACCOUNT: A CASH DISCRETIONARY SPENDING ACCOUNT WAS PROVIDED IN THE CURRENT YEAR TO ELIGIBLE EXECUTIVES IN THE FORM OF A CAR ALLOWANCE OF $750 PER MONTH TO HELP OFFSET BUSINESS TRAVEL EXPENSE. OTHER DISCRETIONARY SPENDING ACCOUNTS MAY BE PROVIDED IN CONNECTION WITH ATTENDANCE AT CONFERENCES BUT TYPICALLY DO NOT EXCEED $300 PER PARTICIPANT. TAXABLE TRAVEL AND OTHER SPENDING ACCOUNTS ARE CONSIDERED TAXABLE COMPENSATION TO THE EXECUTIVE.

PART I, LINE 4B

SENIOR EXECUTIVES ON THE FILING ORGANIZATION'S MANAGEMENT TEAM THAT HOLD THE POSITION OF SENIOR VICE-PRESIDENT OR HOSPITAL CEO ARE ELIGIBLE TO PARTICIPATE IN THE CHC EXECU-FLEX BENEFIT PLAN (THE PLAN). IN RECOGNITION OF THE CONTRIBUTION THAT EACH EXECUTIVE MAKES TO THE SUCCESS OF CHC, CHC PROVIDES FOR PARTICIPATION IN THE PLAN TO THE ELIGIBLE EXECUTIVES. THE PURPOSE OF THE PLAN IS TO OFFER AN OPPORTUNITY TO ELECT FROM AMONG A VARIETY OF SUPPLEMENTAL BENEFITS TO INDIVIDUALLY TAILOR A BENEFITS PROGRAM APPROPRIATE TO EACH EXECUTIVE'S NEEDS. THE EXECUTIVE IS PROVIDED WITH A FLEX ALLOWANCE EQUIVALENT TO 10% OF BASE SALARY TO PURCHASE SELECTED BENEFITS AND TO CONTRIBUTE INTO A DEFERRED NON-QUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN. THE PLAN PROVIDES FOR A FIVE-YEAR CLIFF-VESTING SCHEDULE WITH RESPECT TO AMOUNTS ACCUMULATED IN THE EXECUTIVE'S DEFERRED COMPENSATION ACCOUNT. CHC CONTRIBUTES INTO THESE DEFERRED COMPENSATION ACCOUNTS SEMI-ANNUALLY AND AMOUNTS ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE WITH ACTIVE PARTICIPATION REQUIRED AT TIME OF VESTING. IN ADDITION, CHC PROVIDES A PENSION RESTORATION BENEFIT (PRB) TO RESTORE QUALIFIED PLAN CONTRIBUTIONS LOST ON INCOME IN EXCESS OF THE CURRENT FEDERAL MAXIMUM ALLOWABLE COMPENSATION TO A QUALIFIED PLAN. THE PRB PROVIDES CONTRIBUTIONS BY RESTORING THE AMOUNT THAT WOULD HAVE BEEN CONTRIBUTED TO THE EXECUTIVE'S RETIREMENT SAVINGS PLAN FOR COMPENSATION IN EXCESS OF THE LEGISLATIVE LIMITS. BENEFIT AMOUNTS ARE ADDED TO THE PARTICIPANT'S FLEX ALLOWANCE EACH YEAR BASED ON THEIR TOTAL COMPENSATION FROM THE PRIOR YEAR. DURING THE CALENDAR YEAR 2022, THE FOLLOWING INDIVIDUALS PARTICIPATED IN AND RECEIVED THE FOLLOWING AMOUNTS FROM THE SUPPLEMENTAL NON-QUALIFIED DEFERRED COMPENSATION PLANS. THESE DISTRIBUTIONS ARE INCLUDED IN THE INDIVIDUALS' W-2 INCOME AND REPORTABLE COMPENSATION ON PART VII AND ON SCHEDULE J, PART II, COLUMN (III) OTHER REPORTABLE COMPENSATION : BRIAN ERLING, $850,829, PETER BANKO, $152,149, THOMAS GESSEL, $105,428, EDWARD SIM,$85,980, BRENDA SIMPSON, $82,358, KRIS ORDELHEIDE, $144,553.

Disregarded entities

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

• CENTURA STAFFING LLC FKA LIVE YOUR MISSION STAFFING LLC

  EMPLOYEE LEASING · CO · income $0 · assets $0

  Directly controlled by CENTURA HEALTH ORPORATION