Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $1,303,406

• 1e · Government grants (contributions)

  $632,007

• 2a · Program service revenue: Patient care services

  total $1,065,494,008 · related or exempt $1,027,921,960 · excluded $37,572,048

• 2b · Program service revenue: Kettering College

  total $16,513,758 · related or exempt $16,513,758

• 2c · Program service revenue: Leasing activities related to mis

  total $10,736,090 · related or exempt $10,736,090

• 2d · Program service revenue: Reference lab

  total $651,860 · unrelated business $651,860

• 2e · Program service revenue: Ambulatory care services

  total $168,350 · unrelated business $168,350

• 3 · Investment income

  total $20,813,926 · unrelated business $637,329 · excluded $20,176,597

• 4 · Income from investment of tax-exempt bond proceeds

  total $156,877 · excluded $156,877

• 7a · Gross sales of assets other than inventory

  securities $20,639,046 · other assets $4,148,095

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

  securities $0 · other assets $305,999

• 7c · Gain or loss

  securities $20,639,046 · other assets $3,842,096

• 7d · Net gain or loss

  total $24,481,142 · excluded $24,481,142

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $557,962 · program services $557,962

• 5 · Compensation of officers, directors and key employees

  total $14,674,550 · program services $11,919,903 · management and general $2,754,647

• 7 · Other salaries and wages

  total $305,318,830 · program services $301,992,852 · management and general $3,325,978

• 8 · Pension plan contributions

  total $8,798,299 · program services $8,702,455 · management and general $95,844

• 9 · Other employee benefits

  total $46,537,364 · program services $46,030,411 · management and general $506,953

• 10 · Payroll taxes

  total $21,744,118 · program services $21,507,249 · management and general $236,869

• 11b · Fees: legal

  total $78,367 · program services $78,367

• 11c · Fees: accounting

  total $51,778 · program services $11,700 · management and general $40,078

• 11f · Fees: investment management

  total $492,411 · management and general $492,411

• 11g · Fees: other

  total $68,134,622 · program services $67,645,820 · management and general $488,802

• 12 · Advertising and promotion

  total $207,758 · program services $207,758

• 13 · Office expenses

  total $7,064,881 · program services $7,013,466 · management and general $51,415

• 14 · Information technology

  total $2,989,245 · program services $2,975,285 · management and general $13,960

• 16 · Occupancy

  total $10,653,188 · program services $10,641,060 · management and general $12,128

• 17 · Travel

  total $406,026 · program services $382,942 · management and general $23,084

• 19 · Conferences, conventions and meetings

  total $402,739 · program services $392,435 · management and general $10,304

• 20 · Interest

  total $14,661,678 · program services $14,644,987 · management and general $16,691

• 22 · Depreciation, depletion and amortization

  total $49,121,521 · program services $49,065,598 · management and general $55,923

• 23 · Insurance

  total $8,062,471 · program services $6,532,147 · management and general $1,530,324

• 24a · Other expenses: Medical supplies

  total $182,283,911 · program services $182,278,003 · management and general $5,908

• 24b · Other expenses: Network services

  total $137,428,652 · program services $118,816,956 · management and general $18,611,696

• 24c · Other expenses: Physician services

  total $85,600,798 · program services $85,600,798

• 24d · Other expenses: Cost of goods sold

  total $21,370,385 · program services $21,370,385

• 24e · All other expenses

  total $22,024,842 · program services $20,570,123 · management and general $1,454,719

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $10,833,368 · end of year $6,673,123

• 2 · Savings and temporary cash investments

  beginning of year $1,181,918 · end of year $1,001,647

• 3 · Pledges and grants receivable

  beginning of year $1,940,796 · end of year $1,845,675

• 4 · Accounts receivable

  beginning of year $138,166,586 · end of year $135,546,331

• 7 · Other notes and loans receivable

  beginning of year $140,926 · end of year $118,670

• 8 · Inventories for sale or use

  beginning of year $17,399,536 · end of year $23,976,937

• 9 · Prepaid expenses and deferred charges

  beginning of year $99,379 · end of year $6,706,134

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

  $1,133,815,543

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

  $692,511,200

• 10c · Land, buildings and equipment, net

  beginning of year $453,138,856 · end of year $441,304,343

• 11 · Investments: publicly traded securities

  beginning of year $742,695,665 · end of year $827,905,616

• 14 · Intangible assets

  beginning of year $4,391,137 · end of year $4,391,137

• 15 · Other assets

  beginning of year $16,173,367 · end of year $12,977,956

• 17 · Accounts payable and accrued expenses

  beginning of year $64,994,848 · end of year $59,220,912

• 19 · Deferred revenue

  beginning of year $2,066,320 · end of year $1,917,853

• 20 · Tax-exempt bond liabilities

  beginning of year $375,368,733 · end of year $367,747,579

• 23 · Secured mortgages and notes payable

  beginning of year $160,519 · end of year $1,858,922

• 24 · Unsecured notes and loans payable

  end of year $250,000

• 25 · Other liabilities

  beginning of year $62,271,525 · end of year $72,645,212

• 27 · Net assets without donor restrictions

  beginning of year $881,299,589 · end of year $958,807,091

The filer's explanations (Part III)

Part I, Line 3

An independent executive compensation committee reviews an independent consultant's report that identifies the current and proposed compensation for the CEO, officers, and key employees. Compensation is determined to be reasonable, and the approval amount is documented in the minutes of the committee meeting. At year end, the actual compensation is compared to approved compensation by the executive compensation committee.

Part I, Lines 4a-b

Walter Sackett received a severance payment of $772,744. Terry Burns received a severance payment of $733,073. Kettering Health has a supplemental executive retirement plan available only to a certain class of management.

Related corporations and trusts

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

• Kettcor

  C · Health Services · OH