Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $43,502

• 2a · Program service revenue: SHARED SVCS PROVIDED TO AFFILIATED ORGS

  total $3,202,491 · related or exempt $3,202,491

• 2f · All other program service revenue

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

• 3 · Investment income

  total $6,796,401 · excluded $6,796,401

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $8,875,043

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

  securities $7,381,411

• 7c · Gain or loss

  securities $1,493,632 · other assets $0

• 7d · Net gain or loss

  total $1,493,632 · excluded $1,493,632

• 11a · Other revenue: Other Income

  total $22,120 · related or exempt $22,120

• 11d · All other revenue

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

• 11e · Other revenue, total

  $22,120

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $22,924 · program services $22,924

• 2 · Grants to domestic individuals

  total $18,000 · program services $18,000

• 5 · Compensation of officers, directors and key employees

  total $2,575,196 · program services $2,575,196

• 7 · Other salaries and wages

  total $784,324 · program services $784,324

• 8 · Pension plan contributions

  total -$736,973 · program services -$736,973

• 9 · Other employee benefits

  total -$37,391 · program services -$37,391

• 10 · Payroll taxes

  total $169,034 · program services $169,034

• 11b · Fees: legal

  total $1,972,035 · program services $1,972,035

• 11c · Fees: accounting

  total $1,290 · program services $1,290

• 11f · Fees: investment management

  total $163,611 · program services $163,611

• 11g · Fees: other

  total $506,092 · program services $506,092 · management and general $0 · fundraising $0

• 12 · Advertising and promotion

  total $501,543 · program services $501,543

• 13 · Office expenses

  total $874,177 · program services $874,177

• 14 · Information technology

  total $5,947 · program services $5,947

• 16 · Occupancy

  total $488,849 · program services $488,849

• 17 · Travel

  total $5,620 · program services $5,620

• 19 · Conferences, conventions and meetings

  total $80,674 · program services $80,674

• 22 · Depreciation, depletion and amortization

  total $3,459 · program services $3,459

• 23 · Insurance

  total $110,563 · program services $110,563

• 24a · Other expenses: Dues

  total $59,439 · program services $59,439

• 24b · Other expenses: Physician Recruitment

  total $37,201 · program services $37,201

• 24c · Other expenses: Administration Misc

  total $28,217 · program services $28,217

• 24d · Other expenses: Employee Recruitment

  total $23,375 · program services $23,375

• 24e · All other expenses

  total $7,792 · program services $7,792 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $935,505 · end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $128,963,996 · end of year $141,473,938

• 4 · Accounts receivable

  beginning of year -$16,004 · end of year -$16,706

• 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

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,027,118 · end of year $962,195

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

  $11,190,293

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

  $1,083,777

• 10c · Land, buildings and equipment, net

  beginning of year $10,693,975 · end of year $10,106,516

• 11 · Investments: publicly traded securities

  beginning of year $94,274,201 · end of year $107,499,472

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $334,363 · end of year $223,555

• 15 · Other assets

  beginning of year $2,189,226 · end of year $123,035

• 17 · Accounts payable and accrued expenses

  beginning of year $10,149,569 · end of year $5,572,725

• 20 · Tax-exempt bond liabilities

  beginning of year $34,880,856 · end of year $33,010,856

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $192,557,548 · end of year $209,205,631

• 27 · Net assets without donor restrictions

  beginning of year $814,407 · end of year $12,582,793

The filer's explanations (Part III)

Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organization

EPHRAIM MCDOWELL HEALTH, INC. AND ITS AFFILIATES HAVE MANAGEMENT INCENTIVE PLANS FOR CORPORATE OFFICERS, SENIOR VICE-PRESIDENTS, VICE-PRESIDENTS, AND DIRECTORS. ANNUAL PAYOUTS RELATED TO THESE INCENTIVE PLANS HAVE TWO COMPONENTS. 30% OF THE ANNUAL PAYOUT IS BASED ON NET OPERATING INCOME GOALS COMPARED TO BUDGET. THE OTHER 70% IS BASED ON QUALITY MEASURES, PATIENT SATISFACTION GOALS, ASSOCIATE SATISFACTION GOALS, AND SAFETY MEASURES.

Related partnerships

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

• CTRL KY SURGERY CTR

  Related · MEDICAL SERVICES · KY · share of income $0 · share of assets $0

  Directly controlled by EM REG MED CTR

Related corporations and trusts

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

• COOPERATIVECARE INC

  C Corporation · CONTRACTING · KY · 100% owned · share of income -$7,636 · share of assets $20,605

  Directly controlled by NA