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← SALINA REGIONAL HEALTH PROPERTIES INC

Form 990 for tax year 2024

Filed by SALINA REGIONAL HEALTH PROPERTIES INC.

Totals

Total revenue
$1,641,216
Total expenses
$1,157,194
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,550,435
Investment income
$90,781
Other revenue
$0
Total assets, end of year
$5,921,019
Total liabilities, end of year
$144,716
Net assets or fund balances, end of year
$5,776,303
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 2a · Program service revenue: Rental Income

    total $1,550,435 · related or exempt $1,550,435

  • 3 · Investment income

    total $90,781 · excluded $90,781

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,248

  • 11g · Fees: other

    total $14,781

  • 13 · Office expenses

    total $40,150

  • 16 · Occupancy

    total $301,071

  • 22 · Depreciation, depletion and amortization

    total $251,560

  • 23 · Insurance

    total $72,629

  • 24a · Other expenses: Licenses and Taxes

    total $475,755

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $32,342 · end of year $32,342

  • 4 · Accounts receivable

    beginning of year $1,174 · end of year $1,174

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,223 · end of year $2,223

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

    $20,098,954

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

    $18,018,945

  • 10c · Land, buildings and equipment, net

    beginning of year $2,331,568 · end of year $2,080,009

  • 12 · Investments: other securities

    beginning of year $3,345,480 · end of year $3,805,271

  • 17 · Accounts payable and accrued expenses

    beginning of year $150,511 · end of year $125,253

  • 25 · Other liabilities

    beginning of year $269,995 · end of year $19,463

  • 27 · Net assets without donor restrictions

    beginning of year $5,292,281 · end of year $5,776,303

Mission and programs · 2024

Mission

None

Activities or mission (Part I)

Own and operate medical office buildings for a Section 501(c)(3) organization

  • Own and operate medical office buildings for a Section 501(c)(3) organization.

As filed on the 2024 return.

Listed in Part VII

  • Joe Tallon

    Vice President; CFO - SRHC

    Total calculated
    $500,162
    From this org
    $0
    From related orgs
    $449,242
    Other
    $50,920
    Hours/week
    1.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $372,523 related
    Bonus
    $0 + $76,719 related
    Other
    $0
    Deferred
    $0 + $6,600 related
    Nontaxable benefits
    $0 + $44,320 related
    Filer's total
    $0 + $500,162 related

  • Joel Phelps

    Treasurer; CEO - SRHC

    Total calculated
    $944,826
    From this org
    $0
    From related orgs
    $881,947
    Other
    $62,879
    Hours/week
    1.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $701,947 related
    Bonus
    $0 + $180,000 related
    Other
    $0
    Deferred
    $0 + $17,150 related
    Nontaxable benefits
    $0 + $45,728 related
    Filer's total
    $0 + $944,825 related

  • Mark Ritter

    Board President

    Total calculated
    $0
    Hours/week
    1.5 + 1.5 related

  • Phil Gilliland

    Board Treasurer

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Julie Beswick

    Board Secretary

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Part I, Line 3
Salina Regional Health Properties, Inc. relied on a related organization, Salina Regional Health Center, in determining its compensation. The related organization utilized methods listed in line three of Schedule J to establish the top management official's compensation.

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

No itemized grants to organizations 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
14 July 2026
IRS schema version
2024v5.5
Source object
202641989349301244

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