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Nonprofiteer
← ROCKCASTLE COUNTY HOSPITAL INC

Form 990 for tax year 2022

Filed by ROCKCASTLE COUNTY HOSPITAL INC.

Totals

Total revenue
$88,641,505
Total expenses
$84,661,051
Contributions and grants received
$335,489
Grants paid
$6,000
Program service revenue
$83,673,293
Investment income
$1,882,132
Other revenue
$2,750,591
Total assets, end of year
$108,661,680
Total liabilities, end of year
$27,047,916
Net assets or fund balances, end of year
$81,613,764
Program services expenses (Part IX)
$68,075,302
Management and general expenses
$16,585,749
Fundraising expenses
$0
Program service expenses (Part III)
$68,075,302

Program services were 80.4% 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.

  • 1e · Government grants (contributions)

    $164,241

  • 1f · All other contributions, gifts and grants

    $171,248

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $83,673,293 · related or exempt $83,673,293

  • 3 · Investment income

    total $1,882,132 · excluded $1,882,132

  • 6a · Gross rents

    real property $148,125

  • 6b · Less rental expenses

    real property $5,662

  • 6c · Rental income or loss

    real property $142,463

  • 6d · Net rental income or loss

    total $142,463 · unrelated business $2,018 · excluded $140,445

  • 11a · Other revenue: RPP 340 B DRUGS

    total $1,193,049 · related or exempt $1,193,049

  • 11b · Other revenue: AHEC INCOME

    total $651,267 · related or exempt $651,267

  • 11c · Other revenue: DAY CARE

    total $258,897 · excluded $258,897

  • 11d · All other revenue

    total $504,915 · related or exempt $256,201 · excluded $248,714

  • 11e · Other revenue, total

    $2,608,128

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $6,000 · program services $6,000

  • 5 · Compensation of officers, directors and key employees

    total $795,901 · management and general $795,901

  • 7 · Other salaries and wages

    total $40,537,869 · program services $33,829,330 · management and general $6,708,539

  • 8 · Pension plan contributions

    total $728,752 · program services $608,152 · management and general $120,600

  • 9 · Other employee benefits

    total $4,828,050 · program services $4,029,065 · management and general $798,985

  • 10 · Payroll taxes

    total $2,880,100 · program services $2,403,477 · management and general $476,623

  • 11a · Fees: management

    total $67,174 · program services $67,174

  • 11b · Fees: legal

    total $63,521 · management and general $63,521

  • 11c · Fees: accounting

    total $72,217 · management and general $72,217

  • 11g · Fees: other

    total $1,846,158 · program services $1,846,158

  • 12 · Advertising and promotion

    total $178,889 · management and general $178,889

  • 13 · Office expenses

    total $276,898 · management and general $276,898

  • 16 · Occupancy

    total $1,196,743 · program services $903,817 · management and general $292,926

  • 17 · Travel

    total $94,522 · management and general $94,522

  • 20 · Interest

    total $1,186,299 · program services $895,930 · management and general $290,369

  • 22 · Depreciation, depletion and amortization

    total $4,236,706 · program services $3,198,305 · management and general $1,038,401

  • 23 · Insurance

    total $1,033,435 · program services $862,414 · management and general $171,021

  • 24a · Other expenses: SUPPLIES

    total $14,709,886 · program services $14,709,886

  • 24b · Other expenses: EMPLOYEE MEDICAL SERVIC

    total $4,109,165 · program services $4,109,165

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $2,257,956 · management and general $2,257,956

  • 24d · Other expenses: PROVIDER TAX

    total $1,232,682 · management and general $1,232,682

  • 24e · All other expenses

    total $2,322,128 · program services $606,429 · management and general $1,715,699

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,405,368 · end of year $13,043,750

  • 2 · Savings and temporary cash investments

    beginning of year $18,616,713 · end of year $19,047,218

  • 3 · Pledges and grants receivable

    beginning of year $2,152 · end of year $0

  • 4 · Accounts receivable

    beginning of year $7,914,386 · end of year $10,480,771

  • 7 · Other notes and loans receivable

    beginning of year $4,826,745 · end of year $5,216,596

  • 8 · Inventories for sale or use

    beginning of year $737,630 · end of year $863,102

  • 9 · Prepaid expenses and deferred charges

    beginning of year $295,634 · end of year $299,955

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

    $106,677,438

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

    $56,627,283

  • 10c · Land, buildings and equipment, net

    beginning of year $51,434,847 · end of year $50,050,155

  • 11 · Investments: publicly traded securities

    beginning of year $4,741,275 · end of year $4,998,209

  • 12 · Investments: other securities

    beginning of year $4,399,636 · end of year $4,661,924

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,246,629 · end of year $3,055,732

  • 19 · Deferred revenue

    beginning of year $426,791 · end of year $504,827

  • 20 · Tax-exempt bond liabilities

    beginning of year $4,128,695 · end of year $3,681,662

  • 23 · Secured mortgages and notes payable

    beginning of year $18,925,252 · end of year $19,438,543

  • 25 · Other liabilities

    beginning of year $416,209 · end of year $367,152

  • 27 · Net assets without donor restrictions

    beginning of year $77,805,615 · end of year $81,182,578

  • 28 · Net assets with donor restrictions

    beginning of year $425,195 · end of year $431,186

Mission and programs · 2022

Mission

ROCKCASTLE HOSPITAL IS ORGANIZED TO PROVIDE MEDICAL CARE TO MEMBERS OF ITS COMMUNITY. THE HOSPITAL HAS A POLICY OF ACCEPTING ALL PATIENTS WITHIN ITS PRIMARY SERVICE AREA REGARDLESS OF ABILITY TO PAY. MISSION: ROCKCASTLE HOSPITAL AND RESPIRATORY CARE CENTER IS A FAMILY-ORIENTED TEAM OF HEALTHCARE PROFESSIONALS DEDICATED TO DELIVERING THE HIGHEST QUALITY OF CARE TO THOSE WE SERVE.VISION: ROCKCASTLE HOSPITAL AND RESPIRATORY CARE CENTER'S VISION IS TO BE THE HOSPITAL OF CHOICE FOR HEALTHCARE IN ROCKCASTLE COUNTY AND SURROUNDING AREAS AND TO BE THE FACILITY OF CHOICE NATIONWIDE IN VENTILATOR CARE. VALUES: OUR WORK WILL BE GUIDED BY OUR COMMITMENT TO QUALITY OF CARE, PATIENT SAFETY, SERVICE EXCELLENCE, CLEANLINESS, AND THE HEALTH OF OUR COMMUNITY.

Activities or mission (Part I)

ROCKCASTLE HOSPITAL IS ORGANIZED TO PROVIDE MEDICAL CARE TO MEMBERS OF ITS COMMUNITY.

  • THE HOSPITAL PROVIDES HEALTH CARE SERVICES TO MEMBERS OF ITS COMMUNITY. THE HOSPITAL MAINTAINS A POLICY OF ACCEPTING ALL PATIENTS WITHIN ITS PRIMARY SERVICE AREA REGARDLESS OF ABILITY TO PAY.

    Expenses $68,075,302 · Grants $6,000 · Revenue $86,281,421

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joseph E Lambert

    CHAIR

    Total calculated
    $24,240
    From this org
    $24,000
    From related orgs
    $0
    Other
    $240
    Hours/week
    7

  • Bige Towery Jr

    SECRETARY/TREASURER

    Total calculated
    $24,240
    From this org
    $24,000
    From related orgs
    $0
    Other
    $240
    Hours/week
    7

  • Debra H Lambert

    MEMBER

    Total calculated
    $24,240
    From this org
    $24,000
    From related orgs
    $0
    Other
    $240
    Hours/week
    7

  • Jeffery T Burdette

    MEMBER

    Total calculated
    $24,240
    From this org
    $24,000
    From related orgs
    $0
    Other
    $240
    Hours/week
    7

  • Stephen A Estes

    CEO

    Total calculated
    $410,147
    From this org
    $395,789
    From related orgs
    $0
    Other
    $14,358
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $395,789
    Bonus
    $0
    Other
    $0
    Deferred
    $9,088
    Nontaxable benefits
    $5,270
    Filer's total
    $410,147

  • Christopher Nicholas Bastin

    CFO

    Total calculated
    $215,582
    From this org
    $210,217
    From related orgs
    $0
    Other
    $5,365
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,217
    Bonus
    $0
    Other
    $0
    Deferred
    $5,204
    Nontaxable benefits
    $161
    Filer's total
    $215,582

  • Corey Coe

    CONTROLLER

    Total calculated
    $100,225
    From this org
    $94,038
    From related orgs
    $0
    Other
    $6,187
    Hours/week
    40

  • Karen B Saylor MD

    PHYSICIAN

    Total calculated
    $567,997
    From this org
    $560,000
    From related orgs
    $0
    Other
    $7,997
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $560,000
    Bonus
    $0
    Other
    $0
    Deferred
    $3,958
    Nontaxable benefits
    $4,039
    Filer's total
    $567,997

  • David S Bullock MD

    PHYSICIAN

    Total calculated
    $570,068
    From this org
    $560,000
    From related orgs
    $0
    Other
    $10,068
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $560,000
    Bonus
    $0
    Other
    $0
    Deferred
    $9,150
    Nontaxable benefits
    $918
    Filer's total
    $570,068

  • Michael Kevin Rowe MD

    PHYSICIAN

    Total calculated
    $550,502
    From this org
    $540,000
    From related orgs
    $0
    Other
    $10,502
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $540,000
    Bonus
    $0
    Other
    $0
    Deferred
    $9,150
    Nontaxable benefits
    $1,352
    Filer's total
    $550,502

  • William Bakhos MD

    PHYSICIAN

    Total calculated
    $434,825
    From this org
    $425,000
    From related orgs
    $0
    Other
    $9,825
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $425,000
    Bonus
    $0
    Other
    $0
    Deferred
    $9,150
    Nontaxable benefits
    $675
    Filer's total
    $434,825

  • Mary Joenborg

    PHYSICIAN

    Total calculated
    $406,406
    From this org
    $396,923
    From related orgs
    $0
    Other
    $9,483
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $396,923
    Bonus
    $0
    Other
    $0
    Deferred
    $9,150
    Nontaxable benefits
    $333
    Filer's total
    $406,406

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

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.

  • ROCKCASTLE VENTURES INC

    C · MEDICAL CLINIC · KY · 100% owned · share of income -$264,770 · share of assets $635,199 · controlled entity

    Directly controlled by ROCKCASTLE HOSPITAL & RESPIRATORY CARE CENTER INC

Provenance

Return type
form_990
Tax year
2022
Filed
7 September 2024
IRS schema version
2022v5.0
Source object
202402539349301520

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