Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,223,663

• 2a · Program service revenue: Patient Revenue

  total $2,444,330 · related or exempt $2,444,330

• 2b · Program service revenue: CARES Act Revenue

  total $109,665 · related or exempt $109,665

• 11a · Other revenue: Vending Machines

  total $1,785 · excluded $1,785

• 11e · Other revenue, total

  $1,785

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $1,191,666 · program services $1,191,666

• 8 · Pension plan contributions

  total $16,921 · program services $16,921

• 9 · Other employee benefits

  total $85,416 · program services $85,416

• 10 · Payroll taxes

  total $81,313 · program services $81,313

• 11g · Fees: other

  total $926,022 · program services $926,022

• 12 · Advertising and promotion

  total $3,036 · program services $3,036

• 13 · Office expenses

  total $37,073 · program services $30,727 · management and general $6,346

• 16 · Occupancy

  total $13,466 · program services $13,466

• 17 · Travel

  total $141 · program services $141

• 20 · Interest

  total $102,956 · program services $102,956

• 22 · Depreciation, depletion and amortization

  total $43,218 · program services $43,218

• 23 · Insurance

  total $36,556 · management and general $36,556

• 24a · Other expenses: Medical Supplies

  total $279,741 · program services $279,741

• 24b · Other expenses: Support Services

  total $140,932 · management and general $140,932

• 24c · Other expenses: Maintenance

  total $48,812 · program services $48,812

• 24d · Other expenses: Clinical Training Affil

  total $8,000 · program services $8,000

• 24e · All other expenses

  total $12,053 · program services $12,053

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,905,758 · end of year $1,237,586

• 3 · Pledges and grants receivable

  beginning of year $94,569 · end of year $373,624

• 4 · Accounts receivable

  beginning of year $151,644 · end of year $234,184

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

  $785,580

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

  $391,604

• 10c · Land, buildings and equipment, net

  beginning of year $432,540 · end of year $393,976

• 17 · Accounts payable and accrued expenses

  beginning of year $315,788 · end of year $285,976

• 24 · Unsecured notes and loans payable

  beginning of year $2,380,000 · end of year $1,600,000

• 25 · Other liabilities

  beginning of year $408,216 · end of year $121,719

• 27 · Net assets without donor restrictions

  beginning of year -$519,493 · end of year $231,675

The filer's explanations (Part III)

Part I, Line 4b

The following executives listed in Schedule J, Part II participated in a 457(f) retirement plan provided by Ballad Health (BH). The 457(f) plan is a nonqualified tax-deferred compensation plan available to a select group of key executives for the intent of supporting retention and to offer a competitive total retirement program. Account balances have a "substantial risk of forfeiture". In addition to creditor risk, substantial risk of forfeiture is created through default risk if the participant's employment with Ballad Health is terminated prior to age 65. However, the 457(f) plan contains a non-compete provision that provides the account balance to be paid in a lump sum after the executive satisfies the two-year non-compete period. This provision applies to employer contributions if the executive has provided eligible service for six or more years. The executive will receive the entire account balance if he/she becomes disabled, dies or if the executive terminates for "good reason or is involuntarily terminated without "good cause" within a 24-month period after a change-of-control occurs. Distributions from this plan are subject to federal, state, and local taxes on the entire account balance upon distribution. Lynn Krutak $64,932 Tony Keck $45,581 Allison Rogers $36,552 Joshua McFall $18,615