Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $995,655

• 1f · All other contributions, gifts and grants

  $7,800

• 2a · Program service revenue: HEALTHCARE SERVICES

  total $61,562,442 · related or exempt $61,562,442

• 2b · Program service revenue: PHYSICIAN OFFICE RENTAL

  total $363,272 · related or exempt $363,272

• 3 · Investment income

  total $695,386 · excluded $695,386

• 6a · Gross rents

  real property $25,626

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $25,626

• 6d · Net rental income or loss

  total $25,626 · excluded $25,626

• 7a · Gross sales of assets other than inventory

  securities $4,252,929

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

  securities $4,061,610 · other assets $1,342

• 7c · Gain or loss

  securities $191,319 · other assets -$1,342

• 7d · Net gain or loss

  total $189,977 · excluded $189,977

• 11a · Other revenue: RETAIL PHARMACY

  total $3,120,635 · unrelated business $1,493,530 · excluded $1,627,105

• 11b · Other revenue: PAIN MANAGEMENT CLINIC

  total $692,088 · related or exempt $692,088

• 11c · Other revenue: MOBILE MEALS/FOOD SERVICE

  total $448,040 · excluded $448,040

• 11d · All other revenue

  total $184,035 · excluded $184,035

• 11e · Other revenue, total

  $4,444,798

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $25,900 · program services $25,900

• 5 · Compensation of officers, directors and key employees

  total $1,101,442 · management and general $1,101,442

• 7 · Other salaries and wages

  total $19,724,770 · program services $17,660,056 · management and general $2,061,954 · fundraising $2,760

• 8 · Pension plan contributions

  total $750,233 · program services $709,161 · management and general $40,193 · fundraising $879

• 9 · Other employee benefits

  total $5,718,602 · program services $5,296,963 · management and general $415,110 · fundraising $6,529

• 10 · Payroll taxes

  total $1,924,064 · program services $1,740,920 · management and general $180,999 · fundraising $2,145

• 11b · Fees: legal

  total $22,711 · management and general $22,711

• 11c · Fees: accounting

  total $116,634 · management and general $116,634

• 11g · Fees: other

  total $15,264,644 · program services $13,308,370 · management and general $1,955,581 · fundraising $693

• 12 · Advertising and promotion

  total $223,737 · program services $223,617 · management and general $120

• 13 · Office expenses

  total $508,536 · program services $473,270 · management and general $35,131 · fundraising $135

• 14 · Information technology

  total $1,832,172 · program services $1,602,016 · management and general $227,385 · fundraising $2,771

• 16 · Occupancy

  total $2,467,386 · program services $2,122,424 · management and general $342,100 · fundraising $2,862

• 17 · Travel

  total $21,535 · program services $14,807 · management and general $6,722 · fundraising $6

• 20 · Interest

  total $195,376 · management and general $195,376

• 22 · Depreciation, depletion and amortization

  total $2,714,264 · program services $2,315,487 · management and general $395,266 · fundraising $3,511

• 23 · Insurance

  total $421,399 · program services $421,399

• 24a · Other expenses: MEDICAL SUPPLIES

  total $11,928,334 · program services $11,928,334

• 24b · Other expenses: BAD DEBT

  total $1,725,699 · program services $1,725,699

• 24c · Other expenses: FRANCHISE FEES

  total $1,441,004 · management and general $1,441,004

• 24d · Other expenses: FOOD

  total $372,496 · program services $367,133 · management and general $5,363

• 24e · All other expenses

  total $578,083 · program services $103,713 · management and general $474,368 · fundraising $2

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,285,259 · end of year $849,937

• 2 · Savings and temporary cash investments

  beginning of year $12,684,299 · end of year $10,280,276

• 4 · Accounts receivable

  beginning of year $5,689,459 · end of year $6,865,376

• 7 · Other notes and loans receivable

  beginning of year $494,503 · end of year $107,819

• 8 · Inventories for sale or use

  beginning of year $546,832 · end of year $768,364

• 9 · Prepaid expenses and deferred charges

  beginning of year $452,158 · end of year $609,905

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

  $89,526,078

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

  $65,567,205

• 10c · Land, buildings and equipment, net

  beginning of year $24,824,622 · end of year $23,958,873

• 11 · Investments: publicly traded securities

  beginning of year $9,685,737 · end of year $10,588,401

• 12 · Investments: other securities

  beginning of year $94,500 · end of year $43,204

• 15 · Other assets

  beginning of year $2,508,788 · end of year $2,795,438

• 17 · Accounts payable and accrued expenses

  beginning of year $4,616,970 · end of year $5,298,036

• 23 · Secured mortgages and notes payable

  beginning of year $7,421,588 · end of year $6,945,368

• 25 · Other liabilities

  beginning of year $1,927,379 · end of year $206,405

• 27 · Net assets without donor restrictions

  beginning of year $44,213,664 · end of year $44,342,613

• 28 · Net assets with donor restrictions

  beginning of year $86,556 · end of year $75,171

The filer's explanations (Part III)

PART I, LINE 1A

THE CEO RECEIVES REIMBURSEMENT FOR SOCIAL CLUB DUES; REIMBURSEMENT IS TREATED AS TAXABLE COMPENSATION TO THE CEO. THE ORGANIZATION USES FACILITY FOR VARIOUS STAFF FUNCTIONS THROUGHOUT THE YEAR. THIS TRANSACTION IS ANNUALLY BOARD APPROVED.

PART I, LINE 7

BONUSES TO THE CEO AND OTHER MEMBERS OF THE LEADERSHIP TEAM ARE DETERMINED AND APPROVED AT THE DISCRETION OF THE BOARD OF DIRECTORS.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• MAGRUDER MEDICAL GROUP LTD

  MEDICAL GROUP · OH · income $3,483,179 · assets $0

  Directly controlled by H B MAGRUDER MEMORIAL HOSPITAL

Related partnerships

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

• MAGRUDER PAIN MANAGEMENT LLC

  RELATED · PAIN MANAGEMENT · OH · 51% owned · share of income $692,088 · share of assets $509,126 · general or managing partner

  Directly controlled by H B MAGRUDER MEMORIAL HOSPITAL

• OTTAWA COUNTY CARENET LTD

  RELATED · GROUP CONTRACTING · OH · 60% owned · share of income -$5,096 · share of assets $14,697 · general or managing partner

  Directly controlled by H B MAGRUDER MEMORIAL HOSPITAL