Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $279,339

• 2a · Program service revenue: Patient Svc. Revenue

  total $2,031,370 · related or exempt $2,031,370

• 3 · Investment income

  total $7,716,544 · unrelated business $433,105 · excluded $7,283,439

• 7a · Gross sales of assets other than inventory

  securities $62,346,765

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

  securities $64,827,127

• 7c · Gain or loss

  securities -$2,480,362

• 7d · Net gain or loss

  total -$2,480,362 · excluded -$2,480,362

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $1,352,578 · program services $1,352,578

• 8 · Pension plan contributions

  total $4,058 · program services $4,058

• 9 · Other employee benefits

  total $137,103 · program services $137,103

• 10 · Payroll taxes

  total $73,859 · program services $73,859

• 11f · Fees: investment management

  total $822,624 · management and general $822,624

• 11g · Fees: other

  total $756,219 · program services $393,063 · management and general $363,156

• 13 · Office expenses

  total $93,080 · program services $93,080

• 16 · Occupancy

  total $138,255 · program services $138,255

• 17 · Travel

  total $705 · program services $705

• 22 · Depreciation, depletion and amortization

  total $29,210 · program services $29,210

• 23 · Insurance

  total $5,807 · program services $5,807

• 24a · Other expenses: Bad Debt

  total $53,881 · program services $53,881

• 24b · Other expenses: Licenses/Taxes

  total $42,205 · program services $42,205

• 24c · Other expenses: Membership Dues

  total $3,501 · program services $3,501

• 24e · All other expenses

  total $4,360 · program services $4,360

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $5,805,702 · end of year $72,213,022

• 4 · Accounts receivable

  beginning of year $294,123 · end of year $305,890

• 9 · Prepaid expenses and deferred charges

  beginning of year $7,263 · end of year $1,816

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

  $7,186,008

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

  $854,651

• 10c · Land, buildings and equipment, net

  beginning of year $6,360,567 · end of year $6,331,357

• 11 · Investments: publicly traded securities

  beginning of year $446,126,037 · end of year $449,588,762

• 12 · Investments: other securities

  beginning of year $157,944,040 · end of year $157,029,627

• 15 · Other assets

  beginning of year $2,071,643 · end of year $2,825,742

• 17 · Accounts payable and accrued expenses

  beginning of year $1,433,369 · end of year $8,677,695

• 25 · Other liabilities

  beginning of year $2,002,398 · end of year $2,093,735

• 27 · Net assets without donor restrictions

  beginning of year $615,173,608 · end of year $677,524,786

The filer's explanations (Part III)

Part I, Line 3

Renown Transitional Care Services relied on Renown Health, a related organization to establish compensation for its top management official. Renown Health used the following methods to establish compensation: compensation committee, independent compensation consultant, compensation survey or study, and approval by the board or compensation committee. See Renown Health's Form 990, Schedule O, narrative for Part VI, Section B, Line 15 for a description of the process utilized by Renown Health.

Part I, Line 4b

Thomas Graf, Ann Beck, and Josiah Johnson are parties to a supplemental nonqualified retirement plan. Contributions of $82,502 to Thomas Graf, $84,752 to Ann Beck, and $114,098 to Josiah Johnson were included in Schedule J, Part II, Column (C).

Related corporations and trusts

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

• Renown Businesses

  C · Health Care · NV

• Hometown Health Management Company

  C · Management Services · NV

• Hometown Health Providers Insurance Co

  C · Insurance · NV