Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,765,629

• 2a · Program service revenue: MANAGEMENT INCOME

  total $83,803,304 · related or exempt $83,803,304

• 2b · Program service revenue: RELATED PARTY INTEREST INCOME

  total $3,031,664 · unrelated business $3,031,662 · excluded $2

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $1,144,402 · excluded $1,144,402

• 6a · Gross rents

  real property $1,077,027 · personal property $36,156

• 6c · Rental income or loss

  real property $1,077,027 · personal property $36,156

• 6d · Net rental income or loss

  total $1,113,183 · unrelated business $165,062 · excluded $948,121

• 7a · Gross sales of assets other than inventory

  securities $21,687,655

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

  securities $21,733,513

• 7c · Gain or loss

  securities -$45,858 · other assets $0

• 7d · Net gain or loss

  total -$45,858 · excluded -$45,858

• 11a · Other revenue: MEDICAL RECORDS

  total $1,070 · related or exempt $1,070

• 11b · Other revenue: OTHER REVENUE

  total -$167,261 · related or exempt -$167,261

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  -$166,191

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $0 · program services $0

• 5 · Compensation of officers, directors and key employees

  total $3,701,248 · program services $3,328,782 · management and general $372,466

• 7 · Other salaries and wages

  total $31,993,329 · program services $28,773,760 · management and general $3,219,569

• 8 · Pension plan contributions

  total $1,051,514 · program services $945,698 · management and general $105,816

• 9 · Other employee benefits

  total $9,379,518 · program services $8,435,633 · management and general $943,885

• 10 · Payroll taxes

  total $2,765,310 · program services $2,661,995 · management and general $103,315

• 11a · Fees: management

  total $655,486 · program services $562,044 · management and general $93,442

• 11b · Fees: legal

  total $2,865,552 · program services $2,800,170 · management and general $65,382

• 11c · Fees: accounting

  total $527,289 · program services $474,560 · management and general $52,729

• 11d · Fees: lobbying

  total $62,224 · program services $62,224

• 11f · Fees: investment management

  total $29,335 · program services $29,335

• 11g · Fees: other

  total $14,310,416 · program services $13,508,197 · management and general $802,219 · fundraising $0

• 12 · Advertising and promotion

  total $345,327 · program services $310,799 · management and general $34,528

• 13 · Office expenses

  total $994,961 · program services $983,585 · management and general $11,376

• 16 · Occupancy

  total $998,070 · program services $995,315 · management and general $2,755

• 20 · Interest

  total $1,085,895 · management and general $1,085,895

• 22 · Depreciation, depletion and amortization

  total $6,597,509 · program services $6,089,240 · management and general $508,269

• 23 · Insurance

  total $480,423 · program services $480,423

• 24a · Other expenses: UNRELATED BUSINESS INCOME TAXES

  total $618,295 · management and general $618,295

• 24b · Other expenses: LICENSES AND TAXES

  total $2,702,530 · program services $2,260,940 · management and general $441,590

• 24c · Other expenses: SETTLEMENT EXPENSES

  total $2,598,780 · program services $2,585,999 · management and general $12,781

• 24d · Other expenses: DUES AND SUBSCRIPTIONS

  total $2,025,251 · program services $1,938,194 · management and general $87,057

• 24e · All other expenses

  total $1,977,246 · program services $1,919,504 · management and general $57,742 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,500 · end of year $4,500

• 2 · Savings and temporary cash investments

  beginning of year $587,710 · end of year $397,966

• 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 $8,962,382 · end of year $40,086,095

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,906,457 · end of year $6,906,589

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

  $118,734,373

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

  $72,229,014

• 10c · Land, buildings and equipment, net

  beginning of year $48,310,311 · end of year $46,505,359

• 11 · Investments: publicly traded securities

  beginning of year $10,401,421 · end of year $10,406,812

• 12 · Investments: other securities

  beginning of year $490,000 · end of year $490,000

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $31,688,985 · end of year $12,854,266

• 17 · Accounts payable and accrued expenses

  beginning of year $22,542,997 · end of year $19,079,456

• 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 $40,000,000

• 25 · Other liabilities

  beginning of year $32,112,800 · end of year $15,455,432

• 27 · Net assets without donor restrictions

  beginning of year $49,690,569 · end of year $43,111,299

• 28 · Net assets with donor restrictions

  beginning of year $5,400 · end of year $5,400

The filer's explanations (Part III)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

Emanate Health provides a nonqualified deferred compensation plan to its officers. Rajesh Sharma - Participated in a supplemental nonqualified deferred compensation plan. He had $144,748 of nonvested benefits accrue in 2024. This amount is included in Part II (C) Retirement and other deferred compensation. Leon Choinere - Participated in a supplemental nonqualified deferred compensation plan. He had $51,144 in benefits vest in 2024. This amount is included in Part II (B)(iii) Other compensation. Angela Bernacki - Participated in a supplemental nonqualified deferred compensation plan. She had $26,904 of nonvested benefits accrue in 2024. This amount is included in Part II (C) Retirement and other deferred compensation. Gurjeet Kalkat - Participated in a supplemental nonqualified deferred compensation plan. He had $55,892 of nonvested benefits accrue in 2024. This amount is included in Part II (C) Retirement and other deferred compensation.

Schedule J, Part I, Line 7 Non-fixed payments

Bonuses paid by Emanate Health are non-fixed. The Compensation Committee of the Board approves annual short term incentive (STI) and long term incentive (LTI) plan targets for the coming year. At the annual Compensation Committee meeting after the approval of the annual audit, the Compensation Committee reviews actual incentive plan results and the bonus compensation is based on the actual results received on the STI and LTI targets. The annual assessment by the compensation consultant (AON) includes base salary and the bonus compensation, to ensure that the total compensation is reasonable as per the industry standards and the market trends.

Disregarded entities

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

• CITRUS VALLEY RX LLC

  PHARMACY SERVICES - INACTIVE · CA · income $0 · assets $0

  Directly controlled by EMANATE HEALTH

Related corporations and trusts

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

• EMANATE HEALTH MSO

  C Corporation · MANAGEMENT SERVICES · CA · 100% owned · controlled entity

  Directly controlled by EMANATE HEALTH