Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $589,701

• 1e · Government grants (contributions)

  $242,514

• 1f · All other contributions, gifts and grants

  $5,775

• 2a · Program service revenue: PATIENT SERVICE

  total $73,850,574 · related or exempt $73,850,574

• 2b · Program service revenue: MEDICAL RETAIL

  total $3,887,235 · related or exempt $3,887,235

• 2c · Program service revenue: CAFETERIA

  total $160,927 · related or exempt $160,927

• 3 · Investment income

  total $1,675,143 · excluded $1,675,143

• 6a · Gross rents

  real property $766,161

• 6b · Less rental expenses

  real property $565,427

• 6c · Rental income or loss

  real property $200,734

• 6d · Net rental income or loss

  total $200,734 · excluded $200,734

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $21,014 · program services $21,014

• 5 · Compensation of officers, directors and key employees

  total $268,526 · management and general $268,526

• 7 · Other salaries and wages

  total $34,976,815 · program services $29,562,034 · management and general $5,414,781

• 8 · Pension plan contributions

  total $921,016 · program services $842,144 · management and general $78,872

• 9 · Other employee benefits

  total $6,786,940 · program services $5,447,044 · management and general $1,339,896

• 10 · Payroll taxes

  total $198 · program services $198

• 11b · Fees: legal

  total $19,207 · management and general $19,207

• 11c · Fees: accounting

  total $28,458 · management and general $28,458

• 11g · Fees: other

  total $2,667,249 · program services $2,274,615 · management and general $392,634

• 12 · Advertising and promotion

  total $190,698 · program services $32,757 · management and general $157,941

• 13 · Office expenses

  total $292,335 · program services $210,805 · management and general $81,530

• 14 · Information technology

  total $996,188 · program services $173,982 · management and general $822,206

• 16 · Occupancy

  total $1,651,063 · program services $1,286,375 · management and general $364,688

• 17 · Travel

  total $146,204 · program services $130,913 · management and general $15,291

• 19 · Conferences, conventions and meetings

  total $54,079 · program services $27,904 · management and general $26,175

• 20 · Interest

  total $104,121 · program services $80,999 · management and general $23,122

• 22 · Depreciation, depletion and amortization

  total $2,713,610 · program services $2,414,722 · management and general $298,888

• 23 · Insurance

  total $175,987 · program services $2,499 · management and general $173,488

• 24a · Other expenses: MEDICAL & OTHER SUPPLY

  total $18,631,184 · program services $18,604,317 · management and general $26,867

• 24b · Other expenses: EQUIPMENT & MAINTENANCE

  total $979,236 · program services $949,472 · management and general $29,764

• 24c · Other expenses: OTHER EXPENSE

  total $563,389 · program services $72,098 · management and general $491,291

• 24d · Other expenses: FEES

  total $66,719 · program services $30,737 · management and general $35,982

• 24e · All other expenses

  total $11,395 · program services $4,093 · management and general $7,302

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  end of year $19,737,023

• 2 · Savings and temporary cash investments

  beginning of year $61,457,806 · end of year $7,512,797

• 3 · Pledges and grants receivable

  beginning of year $381,174

• 4 · Accounts receivable

  beginning of year $7,712,943 · end of year $8,450,419

• 8 · Inventories for sale or use

  beginning of year $858,296 · end of year $895,836

• 9 · Prepaid expenses and deferred charges

  beginning of year $109,054 · end of year $86,119

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

  $86,978,142

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

  $53,370,352

• 10c · Land, buildings and equipment, net

  beginning of year $34,039,546 · end of year $33,607,790

• 11 · Investments: publicly traded securities

  end of year $42,743,722

• 13 · Investments: program-related

  beginning of year $5,906,118 · end of year $6,459,849

• 15 · Other assets

  beginning of year $2,314,627

• 17 · Accounts payable and accrued expenses

  beginning of year $9,617,176 · end of year $10,902,300

• 19 · Deferred revenue

  end of year $324,653

• 25 · Other liabilities

  beginning of year $5,946,708 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $91,849,331 · end of year $107,818,602

• 28 · Net assets with donor restrictions

  beginning of year $5,366,349 · end of year $448,000

The filer's explanations (Part III)

PART I, LINE 3

THE HOSPITAL'S PRESIDENT AND ITS OFFICERS ARE EMPLOYED BY REGIONS HOSPITAL (REGIONS), LAKEVIEW HOSPITAL OR BY GROUP HEALTH PLAN, INC. (GHI), WHICH ARE ALL RELATED ORGANIZATIONS, OR BY HUDSON HOSPITAL (THE HOSPITAL). GHI, REGIONS, LAKEVIEW HOSPITAL AND THE HOSPITAL HAVE AN ANNUAL PROCESS TO REVIEW THE MARKET COMPARABILITY OF THE TOTAL COMPENSATION OF THE HOSPITAL'S CEO PRESIDENT AND OTHER OFFICERS.

PART I, LINE 4B

DEFERRED COMPENSATION IN COLUMN C OF SCHEDULE J, PART II INCLUDES AMOUNTS FROM A NONQUALIFIED 457(F) PLAN FOR THE FOLLOWING DIRECTORS: MEGAN M. REMARK $ 66,213 MARK E. HANSBERRY $ 49,962

PART I, LINE 6

THE HOSPITAL'S OFFICERS, DIRECTORS AND HIGHEST COMPENSATED EMPLOYEES ARE EMPLOYED BY REGIONS HOSPITAL (REGIONS), GROUP HEALTH PLAN, INC. (GHI), OR LAKEVIEW MEMORIAL HOSPITAL ASSOCIATION, INC (LAKEVIEW), RELATED ORGANIZATIONS, OR BY THE HOSPITAL. COMPENSATION REPORTED IN FORM 990, PART VIII INCLUDES ANY COMPENSATION DERIVED FROM REGIONS, GHI, LAKEVIEW OR THE HOSPITAL LEADERSHIP INCENTIVE PROGRAMS, WHICH INCENT AND REWARD BUSINESS LEADERS WHO HELP THE ORGANIZATION ACHIEVE STATED BUSINESS AND/OR HEALTH IMPROVEMENT GOALS FOR A SPECIFIC FISCAL YEAR. THE PROGRAMS ARE A KEY ELEMENT OF THE PARTICIPANT'S TOTAL COMPENSATION PACKAGE. THE LEADERSHIP INCENTIVE PROGRAMS' REWARDS ARE BASED ON POSITION IN THE ORGANIZATION (E.G. VICE PRESIDENT, DIRECTOR, MANAGER, OTHER SPECIFICALLY IDENTIFIED LEADERS) AND THE ACHIEVEMENT OF BUSINESS AND HEALTH IMPROVEMENT GOALS ESTABLISHED IN A VARIETY OF AREAS. GOALS WILL BE RELATED TO THE ORGANIZATION'S STRATEGIC PLAN AND WILL BE BALANCED. THESE AREAS MAY INCLUDE, BUT ARE NOT LIMITED TO, PATIENT SATISFACTION, EMPLOYEE SATISFACTION, WORK ENVIRONMENT, HEALTH EQUITY, HEALTHCARE AFFORDABILITY MEASURES, HEALTH PLAN AND CARE DELIVERY MARKET SHARE, STRATEGIC CAPABILITIES, HOSPITAL AND CLINIC QUALITY MEASURES, FINANCIAL PERFORMANCE (OPERATING INCOME), ETC., AND WILL BE DEFINED ANNUALLY FOR EACH YEAR'S PROGRAM. AN OPERATING INCOME THRESHOLD MUST BE MET FOR ANY PAYMENT TO BE MADE FROM THE PROGRAM AND THERE IS A CAP ON THE MAXIMUM INCENTIVE POTENTIALLY AVAILABLE TO EACH PARTICIPANT.

990, SCH. J, PART II - PRIOR REPORTED COMPENSATION

COLUMN (F) INCLUDES AMOUNTS PAID TO PARTICIPANTS IN THE CURRENT YEAR, WHICH WERE PREVIOUSLY REPORTED IN COLUMN (C) OF PRIOR YEARS' 990'S, AS RETIREMENT AND DEFERRED COMPENSATION, FOR THE FOLLOWING DIRECTORS AND FORMER DIRECTOR: MEGAN M. REMARK $ 27,048 MARK E. HANSBERRY $ 32,767 ANY ANALYSIS OF EARNINGS FOR THE CURRENT YEAR, FOR THESE PARTICIPANTS OF THE PLAN, SHOULD EXCLUDE THE AMOUNT IN COLUMN F AS PART OF THE ANALYSIS SINCE THOSE EARNINGS WERE ALREADY REPORTED IN COLUMN (C) OF PREVIOUS YEARS' 990'S.

Related corporations and trusts

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

• HEALTHPARTNERS ADMINISTRATORS INC

  C · THIRD PARTY ADMINISTRATOR · MN

  Directly controlled by HEALTHPARTNERS INC

• HEALTHPARTNERS ASSOCIATES INC

  C · MEDICAL CLINIC STAFFING AND ASSET MANAGEMENT · MN

  Directly controlled by HEALTHPARTNERS ADMINISTRATORS INC

• HEALTHPARTNERS SERVICES INC

  C · MEDICAL CLINIC STAFFING AND ASSET MANAGEMENT · MN

  Directly controlled by HEALTHPARTNERS ADMINISTRATORS INC

• HEALTHPARTNERS INSURANCE COMPANY

  C · MEDICAL AND DENTAL INSURANCE · MN

  Directly controlled by HEALTHPARTNERS ADMINISTRATORS INC

• DENTAL SPECIALTIES INC

  C · PROFESSIONAL DENTAL SERVICES · MN

  Directly controlled by HEALTHPARTNERS ADMINISTRATORS INC