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Nonprofiteer
← CENTRAL PENINSULA GENERAL HOSPITAL INC

Form 990 for tax year 2024

Filed by CENTRAL PENINSULA GENERAL HOSPITAL INC.

Totals

Total revenue
$742,481,791
Total expenses
$736,863,204
Contributions and grants received
$2,040,432
Grants paid
$170,220
Program service revenue
$729,424,479
Investment income
$7,100,592
Other revenue
$3,916,288
Total assets, end of year
$325,331,975
Total liabilities, end of year
$72,199,636
Net assets or fund balances, end of year
$253,132,339
Program services expenses (Part IX)
$733,793,304
Management and general expenses
$3,069,900
Fundraising expenses
$0
Program service expenses (Part III)
$733,793,304

Program services were 99.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $141,136

  • 1e · Government grants (contributions)

    $1,899,296

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $73,420

  • 2a · Program service revenue: Hospital Service Revenue

    total $618,953,757 · related or exempt $618,953,757 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Skilled Nursing Revenue

    total $13,871,772 · related or exempt $13,871,772 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Outpatient Physician Clinic Revenue

    total $96,598,950 · related or exempt $96,598,950 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $7,100,592 · related or exempt $7,100,592 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

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

  • 5 · Royalties

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

  • 6a · Gross rents

    real property $437,013 · personal property $0

  • 6b · Less rental expenses

    real property $403,711 · personal property $0

  • 6c · Rental income or loss

    real property $33,302 · personal property $0

  • 6d · Net rental income or loss

    total $33,302 · related or exempt $33,302 · unrelated business $0 · excluded $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 10a · Gross sales of inventory

    $1,039,638

  • 10b · Cost of goods sold

    $240,385

  • 10c · Net income from sales of inventory

    total $799,253 · related or exempt $799,253 · unrelated business $0 · excluded $0

  • 11a · Other revenue: USAC Telephone Subsidy

    total $1,174,018 · related or exempt $1,174,018 · unrelated business $0 · excluded $0

  • 11b · Other revenue: 340b Pharmacy Rebate Program

    total $1,578,568 · related or exempt $1,578,568 · unrelated business $0 · excluded $0

  • 11c · Other revenue: Property Tax Revenue

    total $70,476 · related or exempt $70,476 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $260,671 · related or exempt $260,671 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $3,083,733

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $170,220 · program services $170,220

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $9,417,909 · program services $6,734,209 · management and general $2,683,700 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $119,901,753 · program services $119,901,753 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $3,152,801 · program services $3,152,801 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $23,709,324 · program services $23,709,324 · management and general $0

  • 10 · Payroll taxes

    total $7,916,451 · program services $7,916,451 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $233,270 · program services $0 · management and general $233,270 · fundraising $0

  • 11c · Fees: accounting

    total $130,506 · program services $0 · management and general $130,506 · fundraising $0

  • 11d · Fees: lobbying

    total $22,424 · program services $0 · management and general $22,424 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $19,680,843 · program services $19,680,843 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $243,390 · program services $243,390 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $2,777,671 · program services $2,777,671 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $11,246,078 · program services $11,246,078 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $3,812,017 · program services $3,812,017 · management and general $0 · fundraising $0

  • 17 · Travel

    total $299,397 · program services $299,397 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $536,920 · program services $536,920 · management and general $0 · fundraising $0

  • 20 · Interest

    total $1,632,561 · program services $1,632,561 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $18,188,178 · program services $18,188,178 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $1,343,301 · program services $1,343,301 · management and general $0 · fundraising $0

  • 24a · Other expenses: Medicare Deductions

    total $238,203,619 · program services $238,203,619 · management and general $0 · fundraising $0

  • 24b · Other expenses: Medicaid Deductions

    total $96,059,969 · program services $96,059,969 · management and general $0 · fundraising $0

  • 24c · Other expenses: All other deductions

    total $103,757,507 · program services $103,757,507 · management and general $0 · fundraising $0

  • 24d · Other expenses: Medical Supplies, includes drugs and IV solutions

    total $38,109,940 · program services $38,109,940 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $36,317,155 · program services $36,317,155 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $51,225,887 · end of year $56,837,759

  • 2 · Savings and temporary cash investments

    beginning of year $4,179,400 · end of year $4,410,438

  • 3 · Pledges and grants receivable

    beginning of year $321,093 · end of year $177,050

  • 4 · Accounts receivable

    beginning of year $48,471,732 · end of year $49,297,747

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $10,148,167 · end of year $10,867,255

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,107,661 · end of year $1,772,147

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

    $270,044,995

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

    $158,099,591

  • 10c · Land, buildings and equipment, net

    beginning of year $112,377,533 · end of year $111,945,404

  • 11 · Investments: publicly traded securities

    beginning of year $5,014 · end of year $5,014

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $1,177,000 · end of year $1,177,000

  • 15 · Other assets

    beginning of year $88,174,079 · end of year $88,842,161

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,455,558 · end of year $33,700,006

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $5,344,442 · end of year $5,612,330

  • 20 · Tax-exempt bond liabilities

    beginning of year $37,468,675 · end of year $30,981,595

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,076,187 · end of year $1,905,705

  • 27 · Net assets without donor restrictions

    beginning of year $249,842,704 · end of year $253,132,339

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

The mission of Central Peninsula Hospital is to nurture our community by promoting health and wellness through quality healthcare. Our vision is to focus on the needs of individuals guided by people's preferences and values, in a culture of quality, compassion, and partnership.

  • Our 49 bed hospital provided patient and ancillary services to 2,753 inpatients and 205,606 outpatients during the 2024 tax year. The hospital provides emergency medical services regardless of ability to pay. Emergency medical services were provided to 18,788 individuals, and 2,250 of those individuals were admitted to the hospital. 6,120 surgical procedures were performed in the hospital during the tax year. The imaging department performed 63,684 procedures. 86,401 physical medicine 15-minute procedures were provided to area residents. During the 2024 tax year, free medical services in the amount of $12,519,145 (gross charges) were provided to patients eligible for charity care.

    Expenses $616,767,436 · Revenue $618,953,757

  • Skilled nursing and long term care services were provided by our 60 bed skilled nursing facility. Heritage Place provides healing and compassionate residential care in a home like setting. Total resident days of care for the 2024 tax year were 16,586 days. An average of 46 residents per day were provided long term care and nursing. Ancillary services for residents included 4,059 therapy treatments.

    Expenses $15,650,897 · Revenue $13,871,772

  • The hospital operates 16 family and specialty physician service clinics providing care in the following areas: Family Medicine, Pediatrics, Neurology, Surgery, Urology, Podiatry, Internal Medicine, Women's Health, Orthopedics, Oncology, Pain Management, Spine, Diabetes Management, Gastroenterology, Mental Wellness and outpatient substance abuse treatment. During the 2024 tax year physician and specialty services were provided for 61,109 visits. The Urgent Care clinic provided emergent care visits outside of the hospital for 8,395 visits during the year.

    Expenses $101,374,971 · Revenue $96,598,950

As filed on the 2024 return.

Listed in Part VII

  • Michael Reyes

    Orthopedic Surgeon

    Total calculated
    $1,424,213
    From this org
    $1,391,695
    From related orgs
    $0
    Other
    $32,518
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,016,255
    Bonus
    $221,536
    Other
    $153,904
    Deferred
    $7,162
    Nontaxable benefits
    $38,630
    Filer's total
    $1,437,487

  • Aaron Humphreys

    Orthopedic Surgeon

    Total calculated
    $1,032,446
    From this org
    $1,020,647
    From related orgs
    $0
    Other
    $11,799
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $849,868
    Bonus
    $52,107
    Other
    $118,672
    Deferred
    $0
    Nontaxable benefits
    $16,931
    Filer's total
    $1,037,578

  • John Andreshak

    Spine Surgeon

    Total calculated
    $1,018,538
    From this org
    $984,521
    From related orgs
    $0
    Other
    $34,017
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $767,536
    Bonus
    $81,969
    Other
    $135,017
    Deferred
    $7,162
    Nontaxable benefits
    $31,595
    Filer's total
    $1,023,279

  • Steven Humphreys

    Spine Surgeon

    Total calculated
    $1,015,875
    From this org
    $971,247
    From related orgs
    $0
    Other
    $44,628
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $967,508
    Bonus
    $0
    Other
    $3,739
    Deferred
    $7,162
    Nontaxable benefits
    $37,466
    Filer's total
    $1,015,875

  • Robert Cadoff

    Urologist

    Total calculated
    $960,185
    From this org
    $940,730
    From related orgs
    $0
    Other
    $19,455
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $935,031
    Bonus
    $0
    Other
    $5,700
    Deferred
    $7,162
    Nontaxable benefits
    $19,112
    Filer's total
    $967,005

  • Gregg Motonaga

    Anesthesiologist/Board Member

    Total calculated
    $824,478
    From this org
    $791,960
    From related orgs
    $0
    Other
    $32,518
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $730,994
    Bonus
    $59,549
    Other
    $1,417
    Deferred
    $7,162
    Nontaxable benefits
    $37,630
    Filer's total
    $836,752

  • Shaun Keef

    CEO

    Total calculated
    $789,937
    From this org
    $730,596
    From related orgs
    $0
    Other
    $59,341
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $456,040
    Bonus
    $196,970
    Other
    $77,586
    Deferred
    $21,875
    Nontaxable benefits
    $44,078
    Filer's total
    $796,549

  • John Bramante

    Physician/Board Member

    Total calculated
    $627,071
    From this org
    $582,443
    From related orgs
    $0
    Other
    $44,628
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $416,899
    Bonus
    $123,971
    Other
    $41,573
    Deferred
    $7,162
    Nontaxable benefits
    $44,078
    Filer's total
    $633,683

  • Charles Mickelson

    CMO

    Total calculated
    $515,798
    From this org
    $426,794
    From related orgs
    $0
    Other
    $89,004
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $417,332
    Bonus
    $6,514
    Other
    $2,948
    Deferred
    $7,162
    Nontaxable benefits
    $96,285
    Filer's total
    $530,241

  • Karen Scoggins

    COO

    Total calculated
    $391,520
    From this org
    $352,102
    From related orgs
    $0
    Other
    $39,418
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $252,728
    Bonus
    $53,045
    Other
    $46,328
    Deferred
    $14,062
    Nontaxable benefits
    $33,030
    Filer's total
    $399,193

  • Michael Haggerty

    CFO

    Total calculated
    $346,218
    From this org
    $320,351
    From related orgs
    $0
    Other
    $25,867
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $240,079
    Bonus
    $46,404
    Other
    $33,869
    Deferred
    $13,575
    Nontaxable benefits
    $14,733
    Filer's total
    $348,660

  • Denise Plano

    CNO

    Total calculated
    $310,665
    From this org
    $279,671
    From related orgs
    $0
    Other
    $30,994
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,045
    Bonus
    $25,702
    Other
    $23,924
    Deferred
    $5,638
    Nontaxable benefits
    $29,830
    Filer's total
    $315,139

  • Marshall Pearson

    CIO

    Total calculated
    $156,943
    From this org
    $136,878
    From related orgs
    $0
    Other
    $20,065
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $99,505
    Bonus
    $1,078
    Other
    $36,295
    Deferred
    $2,178
    Nontaxable benefits
    $21,115
    Filer's total
    $160,171

  • Steve Horn

    Board President

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Jay Rohloff

    Board Member

    Total calculated
    $4,300
    From this org
    $4,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Carrie Couey

    Board Secretary/Treasurer

    Total calculated
    $3,700
    From this org
    $3,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Trena Richardson

    Board Member

    Total calculated
    $3,700
    From this org
    $3,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Maxwell Best

    Vice President

    Total calculated
    $3,500
    From this org
    $3,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Silverio Mattero

    Board Member

    Total calculated
    $3,400
    From this org
    $3,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Paul Ostrander

    Board Member

    Total calculated
    $2,900
    From this org
    $2,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Bradley Cross

    Board Member

    Total calculated
    $2,750
    From this org
    $2,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Stephanie Queen

    Board Member

    Total calculated
    $2,700
    From this org
    $2,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Jesse Kincaid

    Board Member

    Total calculated
    $2,250
    From this org
    $2,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Barb Belluomini

    Board Member

    Total calculated
    $0
    Hours/week
    4

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Tax indemnification and gross-up payments
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 6a · Pay contingent on this organization's net earnings

Answered no

  • 1b · Written policy on the line-1a expenses
  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a
Fringe benefits are recorded throughout the year; however, if an employee does not have sufficient wages to cover the associated tax withholding, the Hospital performs a gross up at year end. The Hospital pays the employee portion of Social Security and Medicare taxes associated with the benefit. These employer paid amounts are treated as additional taxable compensation to the employee. Employees remain responsible for any applicable federal income taxes related to these fringe benefits, which are reported on Form W-2.
Schedule J, Part I, Line 1b
The gross up adjustment for fringe benefits is based on the Hospitals historical practice and is not based on a written policy.
Schedule J, Part I, Line 3
The Hospital contracts with an independent consultant every 3 years to perform a review of executive salaries and benefits. The most recent review was completed in January 2023. The resulting report is provided to the Board and Management for review. The Board then sets compensation levels for the CEO through a written employment agreement. The CEO is responsible for hiring the rest of the Hospital's executive team and for using comparable data studies to set competitive compensation salary packages.
Schedule J, Part I, Line 4
The Hospital provides a 457 Top Hat plan to certain key employees and executives. Some individuals listed on Schedule J participated in the plan and either deferred their own compensation or received Hospital contributions into the plan throughout the year.
Schedule J, Part I, Line 6
The Hospital has an annual incentive plan for all employees. Incentive is based on a series of operational and quality measures in order to maintain the highest standard of patient care. One of the measures is meeting the Hospital's financial budget. The incentive is not calculated on actual earnings. Other measures include Quality of Care indicators and Patient Satisfaction.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
5 May 2026
IRS schema version
2024v5.0
Source object
202621319349302987

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