Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: OUTPATIENT REVENUE/MEDICARE/MEDICAID PAY

  total $34,543,635 · related or exempt $34,543,635

• 2f · All other program service revenue

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

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7c · Gain or loss

  securities $0 · other assets $0

• 11a · Other revenue: OTHER REVENUE

  total $5,535,004 · related or exempt $5,535,004

• 11b · Other revenue: PSA REVENUE

  total $1,265,081 · related or exempt $1,265,081

• 11c · Other revenue: MANAGEMENT FEE REVENUE

  total $836,527 · unrelated business $836,527

• 11d · All other revenue

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

• 11e · Other revenue, total

  $7,636,612

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $8,494,724 · program services $7,722,565 · management and general $772,159

• 8 · Pension plan contributions

  total $84,764 · program services $77,059 · management and general $7,705

• 9 · Other employee benefits

  total $1,508,762 · program services $1,371,617 · management and general $137,145

• 10 · Payroll taxes

  total $553,899 · program services $503,550 · management and general $50,349

• 11b · Fees: legal

  total $35,012,700 · program services $31,500,231 · management and general $3,512,469

• 11c · Fees: accounting

  total $1,038,695 · program services $934,493 · management and general $104,202

• 11g · Fees: other

  total $5,331,738 · program services $4,802,824 · management and general $528,914 · fundraising $0

• 12 · Advertising and promotion

  total $152,048 · program services $137,486 · management and general $14,562

• 13 · Office expenses

  total $354,129 · program services $320,214 · management and general $33,915

• 16 · Occupancy

  total $1,453,399 · program services $1,432,602 · management and general $20,797

• 20 · Interest

  total $253 · program services $253

• 22 · Depreciation, depletion and amortization

  total $629,489 · program services $624,944 · management and general $4,545

• 23 · Insurance

  total $117,023 · program services $95,043 · management and general $21,980

• 24a · Other expenses: BAD DEBT EXPENSE

  total $3,333,557 · program services $3,333,557

• 24b · Other expenses: MEDICAL & OTHER SUPPLIES

  total $1,110,663 · program services $1,104,750 · management and general $5,913

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $124,211 · program services $115,713 · management and general $8,498

• 24d · Other expenses: OTHER EXPENSES

  total $73,290 · program services $66,271 · management and general $7,019

• 24e · All other expenses

  total $20,141 · program services $0 · management and general $20,141 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $0 · end of year $158,255

• 4 · Accounts receivable

  beginning of year $0 · end of year $7,275,886

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $251,044 · end of year $15,304

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

  $7,305,086

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

  $3,142,259

• 10c · Land, buildings and equipment, net

  beginning of year $1,620,427 · end of year $4,162,827

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  beginning of year $22,611,000 · end of year $22,611,000

• 15 · Other assets

  beginning of year $2,543,366 · end of year $2,818,955

• 17 · Accounts payable and accrued expenses

  beginning of year $1,061,240 · end of year $3,321,820

• 19 · Deferred revenue

  beginning of year $100,714 · end of year $359,441

• 22 · Loans and payables to officers and key people

  end of year $0

• 25 · Other liabilities

  beginning of year $38,776,789 · end of year $63,487,110

• 27 · Net assets without donor restrictions

  beginning of year -$12,912,906 · end of year -$30,126,144

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

EMANATE HEALTH MEDICAL CARE FOUNDATION IS AN AFFILIATE OF EMANATE HEALTH. EMANATE HEALTH USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE COMPENSATION COMMITTEE TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT/CEO. PLEASE SEE ADDITIONAL EXPLANATION AT SCHEDULE O FOR FORM 990, PART VI, SECTION B, LINE 15.

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.

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.

Related corporations and trusts

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

• EMANATE HEALTH MSO

  C Corporation · MANAGEMENT SERVICES · CA

  Directly controlled by NA