Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $1,647,294

• 1e · Government grants (contributions)

  $4,845,562

• 1f · All other contributions, gifts and grants

  $7,974

• 2a · Program service revenue: MEMBERSHIP DUES

  total $4,466,072 · related or exempt $4,466,072

• 2b · Program service revenue: SERVICE FEES

  total $615,316 · related or exempt $615,316

• 2c · Program service revenue: MANAGEMENT FEES

  total $463,021 · related or exempt $463,021

• 2f · All other program service revenue

  total $155,787 · related or exempt $155,787

• 3 · Investment income

  total $1,346,923 · excluded $1,346,923

• 5 · Royalties

  total $1,113,143 · excluded $1,113,143

• 6a · Gross rents

  real property $587,927

• 6b · Less rental expenses

  real property $539,019

• 6c · Rental income or loss

  real property $48,908

• 6d · Net rental income or loss

  total $48,908 · excluded $48,908

• 7a · Gross sales of assets other than inventory

  securities $7,384,893 · other assets $1,600

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

  securities $7,451,462 · other assets $555

• 7c · Gain or loss

  securities -$66,569 · other assets $1,045

• 7d · Net gain or loss

  total -$65,524 · excluded -$65,524

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $5,000

• 5 · Compensation of officers, directors and key employees

  total $1,270,414

• 7 · Other salaries and wages

  total $3,261,870

• 8 · Pension plan contributions

  total $600,505

• 9 · Other employee benefits

  total $362,780

• 10 · Payroll taxes

  total $281,322

• 11b · Fees: legal

  total $53,153

• 11c · Fees: accounting

  total $163,644

• 11f · Fees: investment management

  total $32,022

• 11g · Fees: other

  total $1,133,833

• 12 · Advertising and promotion

  total $163,379

• 13 · Office expenses

  total $143,934

• 14 · Information technology

  total $981,330

• 16 · Occupancy

  total $21,992

• 17 · Travel

  total $120,429

• 19 · Conferences, conventions and meetings

  total $366,854

• 22 · Depreciation, depletion and amortization

  total $116,147

• 23 · Insurance

  total $96,335

• 24a · Other expenses: ASPR PROGRAM EXPENSE

  total $4,845,562

• 24b · Other expenses: DUES & SUBSCRIPTIONS

  total $56,142

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $90,194 · end of year $109,873

• 2 · Savings and temporary cash investments

  beginning of year $6,623,787 · end of year $7,410,671

• 3 · Pledges and grants receivable

  beginning of year $204,701 · end of year $712,135

• 4 · Accounts receivable

  beginning of year $981,502 · end of year $748,686

• 9 · Prepaid expenses and deferred charges

  beginning of year $200,585 · end of year $224,887

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

  $7,031,165

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

  $3,785,124

• 10c · Land, buildings and equipment, net

  beginning of year $3,486,749 · end of year $3,246,041

• 11 · Investments: publicly traded securities

  beginning of year $8,950,016 · end of year $10,343,818

• 15 · Other assets

  beginning of year $582,323 · end of year $1,272,316

• 17 · Accounts payable and accrued expenses

  beginning of year $1,866,858 · end of year $2,744,974

• 19 · Deferred revenue

  beginning of year $1,299,844 · end of year $1,259,725

• 27 · Net assets without donor restrictions

  beginning of year $17,953,155 · end of year $20,063,728

The filer's explanations (Part III)

PART I, LINE 1A

SEAN T. CONNAUGHTON RECEIVED A GROSS-UP PAYMENT TO COVER THE TAXES ON INCENTIVE COMPENSATION PAYMENTS. THE INCENTIVE COMPENSATION AND THE GROSS-UP PAYMENTS WERE TREATED AS TAXABLE COMPENSATION. THE ORGANIZATION SUBSIDIZES GYM DUES FOR ALL EMPLOYEES.

PART I, LINE 4B

THE CEO PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN THAT WAS ESTABLISHED IN 2015. NO CONTRIBUTIONS WERE MADE TO THE PLAN DURING THE TAX YEAR. THREE HIGHEST COMPENSATED EMPLOYEES (SR. VP AND GENERAL COUNSEL, VP OF QUALITY/SAFETY AND VP OF GOVERNMENT AFFAIRS) ALSO PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. CONTRIBUTIONS OF $37,960, 26,000 AND $20,800 RESPECTIVELY WERE MADE DURING THE TAX YEAR ON THEIR BEHALF. A NEW SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN WAS ESTABLISHED FOR THE CEO ON 1/1/24. A CONTRIBUTION OF $89,600 WAS MADE TO THE NEW PLAN ON THE CEO'S BEHALF IN JANUARY 2024. THE PLAN ALLOWS THE CEO TO DEFER A PORTION OF HIS BASE SALARY INTO THE PLAN.

Related corporations and trusts

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

• VIRGINIA HOSPITAL SHARED SERVICES CORPORATION

  C · HOSPITAL GROUP PURCHASING PROGRAM · VA · controlled entity

  Directly controlled by VIRGINIA HOSPITAL AND HEALTHCARE ASSOCIATION