Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $106,045

• 1f · All other contributions, gifts and grants

  $11,120

• 2a · Program service revenue: HEALTHCARE SERVICES

  total $56,685,373 · related or exempt $56,685,373

• 2b · Program service revenue: PHYSICIAN OFFICE RENTAL

  total $364,361 · related or exempt $364,361

• 3 · Investment income

  total $333,919 · excluded $333,919

• 6a · Gross rents

  real property $23,077

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $23,077

• 6d · Net rental income or loss

  total $23,077 · excluded $23,077

• 7a · Gross sales of assets other than inventory

  securities $2,935,484

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

  securities $3,174,915 · other assets $6,596

• 7c · Gain or loss

  securities -$239,431 · other assets -$6,596

• 7d · Net gain or loss

  total -$246,027 · excluded -$246,027

• 11a · Other revenue: RETAIL PHARMACY

  total $1,749,722 · unrelated business $865,055 · excluded $884,667

• 11b · Other revenue: MOBILE MEALS/FOOD SERVICE

  total $286,549 · excluded $286,549

• 11c · Other revenue: PAIN MANAGEMENT CLINIC

  total $248,442 · related or exempt $248,442

• 11d · All other revenue

  total $114,308 · excluded $114,308

• 11e · Other revenue, total

  $2,399,021

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $10,100 · program services $10,100

• 5 · Compensation of officers, directors and key employees

  total $689,563 · management and general $689,563

• 7 · Other salaries and wages

  total $19,237,373 · program services $17,001,806 · management and general $2,233,723 · fundraising $1,844

• 8 · Pension plan contributions

  total $1,065,671 · program services $961,376 · management and general $102,441 · fundraising $1,854

• 9 · Other employee benefits

  total $4,730,418 · program services $4,300,540 · management and general $418,947 · fundraising $10,931

• 10 · Payroll taxes

  total $1,909,982 · program services $1,674,668 · management and general $232,068 · fundraising $3,246

• 11b · Fees: legal

  total $29,747 · management and general $29,747

• 11c · Fees: accounting

  total $100,559 · management and general $100,559

• 11g · Fees: other

  total $15,755,627 · program services $14,557,399 · management and general $1,197,632 · fundraising $596

• 12 · Advertising and promotion

  total $233,001 · program services $233,001

• 13 · Office expenses

  total $571,955 · program services $424,664 · management and general $147,142 · fundraising $149

• 14 · Information technology

  total $1,162,805 · program services $973,943 · management and general $186,632 · fundraising $2,230

• 16 · Occupancy

  total $2,774,730 · program services $2,472,222 · management and general $300,787 · fundraising $1,721

• 17 · Travel

  total $24,497 · program services $19,828 · management and general $4,664 · fundraising $5

• 20 · Interest

  total $4,962 · management and general $4,962

• 22 · Depreciation, depletion and amortization

  total $3,108,800 · program services $1,932,432 · management and general $1,173,642 · fundraising $2,726

• 23 · Insurance

  total $363,479 · program services $100,710 · management and general $262,769

• 24a · Other expenses: MEDICAL SUPPLIES

  total $10,489,688 · program services $10,489,688

• 24b · Other expenses: FRANCHISE FEES

  total $1,297,794 · management and general $1,297,794

• 24c · Other expenses: BAD DEBT

  total $1,281,812 · program services $1,281,812

• 24d · Other expenses: FOOD

  total $295,253 · program services $290,046 · management and general $5,207

• 24e · All other expenses

  total $352,374 · program services $40,084 · management and general $312,287 · fundraising $3

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,728,323 · end of year $975,790

• 2 · Savings and temporary cash investments

  beginning of year $16,715,205 · end of year $10,629,911

• 4 · Accounts receivable

  beginning of year $6,663,171 · end of year $5,882,382

• 7 · Other notes and loans receivable

  beginning of year $183,990 · end of year $434,539

• 8 · Inventories for sale or use

  beginning of year $934,790 · end of year $826,841

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,111,268 · end of year $569,231

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

  $88,564,678

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

  $60,099,094

• 10c · Land, buildings and equipment, net

  beginning of year $25,715,569 · end of year $28,465,584

• 11 · Investments: publicly traded securities

  beginning of year $6,433,259 · end of year $5,450,906

• 12 · Investments: other securities

  end of year $137,153

• 15 · Other assets

  beginning of year $9,137,400 · end of year $4,814,831

• 17 · Accounts payable and accrued expenses

  beginning of year $4,997,598 · end of year $6,589,495

• 23 · Secured mortgages and notes payable

  beginning of year $7,954,027 · end of year $7,882,808

• 25 · Other liabilities

  beginning of year $6,818,881 · end of year $867,928

• 27 · Net assets without donor restrictions

  beginning of year $50,783,979 · end of year $42,767,269

• 28 · Net assets with donor restrictions

  beginning of year $68,490 · end of year $79,668

The filer's explanations (Part III)

PART I, LINE 1A

THE CEO RECEIVES REIMBURSEMENT FOR SOCIAL CLUB DUES; REIMBURSEMENT IS TREATED AS TAXABLE COMPENSATION TO THE CEO. THE ORGANIZATION USES FACILITY FOR VARIOUS STAFF FUNCTIONS THROUGHOUT THE YEAR. THIS TRANSACTION IS ANNUALLY BOARD APPROVED.

PART I, LINE 7

BONUSES TO THE CEO AND OTHER MEMBERS OF THE LEADERSHIP TEAM ARE DETERMINED AND APPROVED AT THE DISCRETION OF THE BOARD OF DIRECTORS.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• MAGRUDER MEDICAL GROUP LTD

  MEDICAL GROUP · OH · income $3,976,770 · assets $0

  Directly controlled by H B MAGRUDER MEMORIAL HOSPITAL

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• MAGRUDER PAIN MANAGEMENT LLC

  RELATED · PAIN MANAGEMENT · OH · 51% owned · share of income $248,442 · share of assets $282,516 · general or managing partner

  Directly controlled by H B MAGRUDER MEMORIAL HOSPITAL