Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SERVICE REVENUE

  total $10,752,678 · related or exempt $10,752,678

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $529,172 · program services $524,321 · management and general $4,851

• 7 · Other salaries and wages

  total $3,879,717 · program services $3,864,547 · management and general $15,170

• 9 · Other employee benefits

  total $1,047,455 · program services $1,043,034 · management and general $4,421

• 10 · Payroll taxes

  total $310,257 · program services $308,867 · management and general $1,390

• 11b · Fees: legal

  total $766 · program services $766

• 11c · Fees: accounting

  total $6,292 · program services $6,101 · management and general $191

• 11g · Fees: other

  total $1,263,524 · program services $1,263,524

• 14 · Information technology

  total $3,001,523 · program services $3,001,523

• 17 · Travel

  total $81,566 · program services $81,566

• 22 · Depreciation, depletion and amortization

  total $426,742 · program services $426,742

• 23 · Insurance

  total $7,860 · program services $7,860

• 24a · Other expenses: INTERNET

  total $94,518 · program services $94,518

• 24b · Other expenses: SUPPLIES

  total $64,399 · program services $63,971 · management and general $428

• 24c · Other expenses: DATA PROCESSING

  total $23,962 · program services $23,962

• 24d · Other expenses: DUES AND SUBSCRIPTIONS

  total $14,925 · program services $14,925

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $887,316 · end of year $1,065,123

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,035,528 · end of year $914,323

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

  $12,854,317

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

  $11,690,230

• 10c · Land, buildings and equipment, net

  beginning of year $751,218 · end of year $1,164,087

• 11 · Investments: publicly traded securities

  beginning of year $3,074,125 · end of year $4,599,210

• 17 · Accounts payable and accrued expenses

  beginning of year $4,022,230 · end of year $5,861,291

• 25 · Other liabilities

  beginning of year $1,432,336 · end of year $1,587,831

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $50,000 · end of year $50,000

• 31 · Retained earnings, endowment or other funds

  beginning of year $243,621 · end of year $243,621

The filer's explanations (Part III)

PART I, LINE 3

MEMORIAL MEDICAL CENTER, INC. DBA TAMARACK HEALTH ASHLAND MEDICAL CENTER, A RELATED ORGANIZATION, PARTICIPATES IN SALARY SURVEYS SPECIFIC TO ADMINISTRATOR POSITIONS. AMC ALSO HAS AN INDEPENDENT COMPENSATION CONSULTING FIRM TO GATHER FAIR MARKET COMPENSATION DATA FOR ALL C LEVEL POSITIONS. THIS INFORMATION IS USED TO DEVELOP SALARY RANGES FOR THE ADMINISTRATIVE STAFF. THE BOARD OF DIRECTORS PARTICIPATES IN DEVELOPMENT OF RANGES AND ESTABLISHMENT OF SALARIES FOR THE THREE SENIOR LEADERS OF THE ORGANIZATION AS DESCRIBED IN CORPORATE BYLAWS AND BOARD POLICIES. ANY CHANGES TO THE BENEFIT PACKAGE MUST BE APPROVED BY THE AMC BOARD OF DIRECTORS. THE BOARD APPROVES ALL COMPENSATION CHANGES FOR THE PRESIDENT AS OUTLINED IN CORPORATE BYLAWS AND BOARD POLICIES. CHANGES IN COMPENSATION FOR THE VICE-PRESIDENTS ARE DETERMINED BY THE PRESIDENT USING RANGES ESTABLISHED AND APPROVED BY THE BOARD, IN CONJUNCTION WITH SALARY SURVEY INFORMATION.