Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $8,545

• 1e · Government grants (contributions)

  $34,060

• 1f · All other contributions, gifts and grants

  $615,086

• 2a · Program service revenue: Patient Service Revenue

  total $119,597,566 · related or exempt $119,597,566

• 2b · Program service revenue: Management Fee

  total $10,715,488 · related or exempt $10,715,488

• 2c · Program service revenue: Fixed Prospective Revenue

  total $3,051,426 · related or exempt $3,051,426

• 2d · Program service revenue: Other Revenue

  total $2,771,036 · related or exempt $2,443,177 · excluded $327,859

• 2e · Program service revenue: Contractual Allowances/Charity Ca

  total -$66,313,441 · related or exempt -$66,313,441

• 3 · Investment income

  total $361,958 · excluded $361,958

• 6a · Gross rents

  real property $1,029,011

• 6b · Less rental expenses

  real property $203,591

• 6c · Rental income or loss

  real property $825,420

• 6d · Net rental income or loss

  total $825,420 · excluded $825,420

• 7a · Gross sales of assets other than inventory

  securities $35,026,737 · other assets $435,865

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

  securities $31,583,695 · other assets $343,348

• 7c · Gain or loss

  securities $3,443,042 · other assets $92,517

• 7d · Net gain or loss

  total $3,535,559 · excluded $3,535,559

• 8a · Fundraising events: gross income

  $162,348

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

  $8,545

• 8b · Fundraising events: direct expenses

  $23,877

• 8c · Net income from fundraising events

  total $138,471 · excluded $138,471

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $10,173 · program services $10,173

• 2 · Grants to domestic individuals

  total $188,268 · program services $188,268

• 5 · Compensation of officers, directors and key employees

  total $1,558,529 · program services $886,769 · management and general $671,760

• 7 · Other salaries and wages

  total $33,619,147 · program services $22,795,160 · management and general $10,823,987

• 8 · Pension plan contributions

  total $1,156,184 · program services $888,671 · management and general $267,513

• 9 · Other employee benefits

  total $5,738,290 · program services $3,510,229 · management and general $2,228,061

• 10 · Payroll taxes

  total $2,047,394 · program services $1,579,675 · management and general $467,719

• 11b · Fees: legal

  total $51,267 · management and general $51,267

• 11c · Fees: accounting

  total $111,264 · management and general $111,264

• 11d · Fees: lobbying

  total $11,872 · management and general $11,872

• 11g · Fees: other

  total $15,181,335 · program services $11,529,408 · management and general $3,651,927

• 13 · Office expenses

  total $464,635 · program services $358,491 · management and general $106,144

• 14 · Information technology

  total $148,707 · program services $114,735 · management and general $33,972

• 16 · Occupancy

  total $1,766,518 · program services $1,520,045 · management and general $246,473

• 17 · Travel

  total $9,441 · program services $7,284 · management and general $2,157

• 20 · Interest

  total $477,834 · program services $368,675 · management and general $109,159

• 22 · Depreciation, depletion and amortization

  total $4,068,536 · program services $3,139,095 · management and general $929,441

• 23 · Insurance

  total $701,071 · program services $540,914 · management and general $160,157

• 24a · Other expenses: Medical Supplies and Dr

  total $5,261,271 · program services $5,261,271

• 24b · Other expenses: Medicaid Provider Tax

  total $3,221,260 · program services $3,221,260

• 24c · Other expenses: Miscellaneous Expenses

  total $1,132,590 · program services $846,945 · management and general $285,645

• 24d · Other expenses: Other Supplies

  total $878,487 · program services $287,694 · management and general $590,793

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,024 · end of year $1,025

• 2 · Savings and temporary cash investments

  beginning of year $1,299,819 · end of year $1,930,432

• 4 · Accounts receivable

  beginning of year $5,956,889 · end of year $10,728,378

• 8 · Inventories for sale or use

  beginning of year $1,081,795 · end of year $1,152,261

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,463,577 · end of year $1,433,435

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

  $95,072,499

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

  $63,225,245

• 10c · Land, buildings and equipment, net

  beginning of year $34,672,216 · end of year $31,847,254

• 11 · Investments: publicly traded securities

  beginning of year $29,020,032 · end of year $21,947,501

• 14 · Intangible assets

  beginning of year $3,843,500 · end of year $2,782,170

• 15 · Other assets

  beginning of year $25,101,012 · end of year $29,333,721

• 17 · Accounts payable and accrued expenses

  beginning of year $8,260,128 · end of year $13,594,834

• 20 · Tax-exempt bond liabilities

  beginning of year $14,800,524 · end of year $13,956,240

• 25 · Other liabilities

  beginning of year $7,997,188 · end of year $7,780,321

• 27 · Net assets without donor restrictions

  beginning of year $68,719,821 · end of year $62,648,627

• 28 · Net assets with donor restrictions

  beginning of year $2,662,203 · end of year $3,176,155

The filer's explanations (Part III)

Part I, Line 7

Gifford maintains financial incentives for providers. Provider incentives incorporate productivity, citizenship (contribution to hospital and community activities) and retention. Gifford's productivity measures are designed to ensure that all providers achieve a standard level of productivity.

Form 990, Part VII, Line 5:

Cheyenne Holland, CFO, and William King, Past Interim CFO, are paid by Forvis Mazars, an unrelated organization, via a professional agreement. During calendar year 2023, Gifford Medical Center paid Forvis Mazars $158,925 and $369,968 for the services of Ms. Holland and Mr. King, respectively. The actual compensation paid to Ms. Holland and Mr. King is unknown to the Organization.

Related corporations and trusts

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

• Charitable Remainder Trusts (12)

  Deferred Annuity · VT · controlled entity

  Directly controlled by Gifford Medical Center Inc

• Charitable Remainder Trusts (3)

  Deferred Annuity · VT

  Directly controlled by Gifford Retirement Community Inc