Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $340,496

• 1f · All other contributions, gifts and grants

  $80,528

• 2a · Program service revenue: Patient Service Revenue

  total $105,091,681 · related or exempt $105,091,681

• 2b · Program service revenue: Miscellaneous Revenue

  total $1,724,637 · related or exempt $1,724,637

• 2c · Program service revenue: Cafeteria Revenue

  total $133,400 · excluded $133,400

• 2d · Program service revenue: Provision for Bad Debts

  total -$895,733 · related or exempt -$895,733

• 2e · Program service revenue: Contractual Allowances/Charity Ca

  total -$60,411,664 · related or exempt -$60,411,664

• 3 · Investment income

  total $6,192 · excluded $6,192

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $12,291,491 · program services $11,971,932 · management and general $319,559

• 8 · Pension plan contributions

  total $146,857 · program services $143,039 · management and general $3,818

• 9 · Other employee benefits

  total $1,831,191 · program services $1,783,583 · management and general $47,608

• 10 · Payroll taxes

  total $887,370 · program services $864,300 · management and general $23,070

• 11b · Fees: legal

  total $9,913 · management and general $9,913

• 11c · Fees: accounting

  total $16,306 · management and general $16,306

• 11g · Fees: other

  total $11,637,877 · program services $11,496,743 · management and general $141,054 · fundraising $80

• 13 · Office expenses

  total $319,718 · program services $231,785 · management and general $87,933

• 16 · Occupancy

  total $1,913,289 · program services $1,576,205 · management and general $337,084

• 17 · Travel

  total $359 · program services $359

• 19 · Conferences, conventions and meetings

  total $16,566 · program services $16,566

• 20 · Interest

  total $9,753 · program services $9,753

• 22 · Depreciation, depletion and amortization

  total $717,770 · program services $717,770

• 23 · Insurance

  total $539,154 · program services $1,575 · management and general $537,579

• 24a · Other expenses: Allocations

  total $5,573,997 · program services $2,443,702 · management and general $3,025,047 · fundraising $105,248

• 24b · Other expenses: Medical Supplies

  total $4,838,082 · program services $4,838,029 · management and general $53

• 24c · Other expenses: Food

  total $278,925 · program services $278,529 · management and general $396

• 24d · Other expenses: Miscellaneous

  total $233,177 · program services $233,177

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,447,311 · end of year $2,630,990

• 4 · Accounts receivable

  beginning of year $4,199,729 · end of year $5,132,757

• 7 · Other notes and loans receivable

  beginning of year $11,439,300 · end of year $11,439,300

• 8 · Inventories for sale or use

  beginning of year $343,530 · end of year $272,185

• 9 · Prepaid expenses and deferred charges

  beginning of year $121,915 · end of year $14,643

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

  $19,615,182

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

  $15,030,073

• 10c · Land, buildings and equipment, net

  beginning of year $5,419,388 · end of year $4,585,109

• 11 · Investments: publicly traded securities

  beginning of year $1,784,952 · end of year $1,819,958

• 15 · Other assets

  beginning of year $5,000 · end of year $5,000

• 17 · Accounts payable and accrued expenses

  beginning of year $6,226,167 · end of year $7,418,160

• 19 · Deferred revenue

  beginning of year $1,778,895 · end of year $882,852

• 25 · Other liabilities

  beginning of year $1,560,355 · end of year $631,139

• 27 · Net assets without donor restrictions

  beginning of year $13,412,013 · end of year $15,106,440

• 28 · Net assets with donor restrictions

  beginning of year $1,783,695 · end of year $1,861,351

The filer's explanations (Part III)

Part I, Line 3

Henry Heywood Memorial Hospital, a related organization, uses the following methods to establish the compensation of the Organization's CEO: - Compensation committee - Independent compensation consultant - Form 990 of other ogranizations - Written employment contract - Compensation survey or study - Approval by the board or compensation committee

Part I, Line 4a

During 2023, Winfield Brown, Former President/CEO received $125,000 of severance pay from Henry Heywood Memorial Hospital, a related organization.

Part I, Line 7

Heywood Healthcare has an incentive (bonus) program for senior administration, directors, and managers that is a predefined percentage of their annual salary. The incentive program is structured on the financial health of the organization as well other indicators based surrounding leadership level.