Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $115,958

• 3 · Investment income

  total $385,404 · excluded $385,404

• 7a · Gross sales of assets other than inventory

  securities $880,521

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

  securities $0

• 7c · Gain or loss

  securities $880,521

• 7d · Net gain or loss

  total $880,521 · excluded $880,521

• 11a · Other revenue: EMPLOYEE ASSISTANCE REPAYMENT

  total $11,640 · related or exempt $11,640

• 11e · Other revenue, total

  $11,640

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $219,319 · program services $219,319

• 2 · Grants to domestic individuals

  total $27,376 · program services $27,376

• 7 · Other salaries and wages

  total $129,831 · program services $103,865 · management and general $12,983 · fundraising $12,983

• 9 · Other employee benefits

  total $27,266 · program services $21,812 · management and general $2,727 · fundraising $2,727

• 10 · Payroll taxes

  total $10,832 · program services $8,666 · management and general $1,083 · fundraising $1,083

• 11c · Fees: accounting

  total $1,980 · management and general $1,980

• 11f · Fees: investment management

  total $73,669 · management and general $73,669

• 11g · Fees: other

  total $56,402 · program services $45,122 · management and general $5,640 · fundraising $5,640

• 13 · Office expenses

  total $3,691 · program services $795 · management and general $2,796 · fundraising $100

• 16 · Occupancy

  total $7,218 · program services $5,774 · management and general $722 · fundraising $722

• 17 · Travel

  total $144 · program services $116 · management and general $14 · fundraising $14

• 22 · Depreciation, depletion and amortization

  total $51,144 · program services $40,916 · management and general $5,114 · fundraising $5,114

• 24a · Other expenses: HOSPITALITY

  total $3,860 · program services $3,088 · management and general $386 · fundraising $386

Balance sheet

Part X, book values.

• 3 · Pledges and grants receivable

  beginning of year $28,472 · end of year $11,066

• 4 · Accounts receivable

  beginning of year $4,500 · end of year $944

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

  $749,910

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

  $234,367

• 10c · Land, buildings and equipment, net

  beginning of year $566,688 · end of year $515,543

• 11 · Investments: publicly traded securities

  beginning of year $6,990,400 · end of year $7,397,772

• 17 · Accounts payable and accrued expenses

  beginning of year $5,577 · end of year $3,872

• 27 · Net assets without donor restrictions

  beginning of year $3,379,331 · end of year $3,431,035

• 28 · Net assets with donor restrictions

  beginning of year $4,205,152 · end of year $4,490,418

The filer's explanations (Part III)

PART I, LINE 3

CEO COMPENSATION IS PAID BY PARENT ORGANIZATION, KETTERING ADVENTIST HEALTHCARE. AN INDEPENDENT EXECUTIVE COMPENSATION COMMITTEE REVIEWS AN INDEPENDENT FOR THE CEO, OFFICERS, AND KEY EMPLOYEES. COMPENSATION IS DETERMINED TO BE COMMITTEE MEETING. AT YEAR END, THE ACTUAL COMPENSATION IS COMPARED TO CONSULTANT'S REPORT THAT IDENTIFIES THE CURRENT AND PROPOSED COMPENSATION REASONABLE, AND THE APPROVAL AMOUNT IS DOCUMENTED IN THE MINUTES OF THE APPROVED COMPENSATION BY THE EXECUTIVE COMPENSATION COMMITTEE.

PART I, LINES 4A-B

MICHAEL MEWHIRTER RECEIVED A SEVERANCE PAYMENT OF $297,348. KETTERING HEALTH HAS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AVAILABLE ONLY TO A CERTAIN CLASS OF MANAGEMENT. IN 2024, THE FOLLOWING INDIVIDUALS RECEIVED PAYMENT FROM THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN: MICHAEL MEWHIRTER - $325,259

Related corporations and trusts

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

• KETTCOR

  C · HEALTH SERVICES · OH