Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEDICAID

  total $16,739,978 · related or exempt $16,739,978

• 3 · Investment income

  total $74 · excluded $74

• 6a · Gross rents

  real property $1,156,163

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $1,156,163

• 6d · Net rental income or loss

  total $1,156,163 · excluded $1,156,163

• 11a · Other revenue: INTEREST IN CCMP

  total $73,317 · related or exempt $73,317

• 11e · Other revenue, total

  $73,317

Functional expenses

Part IX, the statement of functional expenses.

• 11a · Fees: management

  total $12,413,457 · program services $9,627,357 · management and general $2,786,100

• 11b · Fees: legal

  total $817 · management and general $817

• 11c · Fees: accounting

  total $10,270 · management and general $10,270

• 11g · Fees: other

  total $177,095 · program services $153,240 · management and general $23,855

• 13 · Office expenses

  total $311,415 · program services $278,620 · management and general $32,795

• 16 · Occupancy

  total $1,688,525 · program services $1,435,246 · management and general $253,279

• 17 · Travel

  total $122,358 · program services $120,028 · management and general $2,330

• 19 · Conferences, conventions and meetings

  total $687 · program services $611 · management and general $76

• 22 · Depreciation, depletion and amortization

  total $474,082 · program services $402,970 · management and general $71,112

• 23 · Insurance

  total $99,024 · program services $84,170 · management and general $14,854

• 24a · Other expenses: DUES AND SUBSCRIPTIONS

  total $162,323 · program services $144,467 · management and general $17,856

• 24b · Other expenses: HEALTH HOME FEES

  total $106,367 · program services $106,367

• 24c · Other expenses: REPAIRS AND MAINTENANCE

  total $21,451 · program services $18,233 · management and general $3,218

• 24e · All other expenses

  total $3,350 · program services $2,985 · management and general $365

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $7,352,496 · end of year $10,376,427

• 4 · Accounts receivable

  beginning of year $1,504,236 · end of year $879,443

• 9 · Prepaid expenses and deferred charges

  beginning of year $120,564 · end of year $41,040

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

  $20,685,425

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

  $11,059,111

• 10c · Land, buildings and equipment, net

  beginning of year $10,094,289 · end of year $9,626,314

• 13 · Investments: program-related

  beginning of year $1,260,694 · end of year $1,334,012

• 14 · Intangible assets

  beginning of year $1,735,591 · end of year $628,808

• 15 · Other assets

  beginning of year $606,449 · end of year $680,541

• 17 · Accounts payable and accrued expenses

  beginning of year $33,563 · end of year $28,145

• 25 · Other liabilities

  beginning of year $3,353,758 · end of year $1,873,131

• 27 · Net assets without donor restrictions

  beginning of year $19,286,998 · end of year $21,665,309

The filer's explanations (Part III)

PART I, LINE 3

ALL COMPENSATION IS DETERMINED BY SUN RIVER HEALTH, INC. USING THE FOLLOWING METHOD: BASE-PAY REALIGNMENTS TO THE MARKET ARE DETERMINED ANNUALLY BY THE BOARD OF DIRECTORS PERTAINING TO THE COMPENSATION OF INDIVIDUALS SERVING AS THE PRESIDENT, CEO AND OTHER OFFICERS. THE BOARD OF DIRECTORS USES AN EXTERNAL COMPENSATION CONSULTANT, PROXUS CONSULTING GROUP BASED IN PHILADELPHIA, PA, TO ADVISE THE BOARD OF DIRECTORS IN ITS DECISIONS REGARDING CHANGES TO THE ANNUAL BASE COMPENSATION OF THE PRESIDENT AND CEO AND OTHER OFFICERS. EXTERNAL MARKET DATA IS COLLECTED BY PROXUS, FROM THREE PUBLISHED SURVEY SOURCES: ECONOMIC RESEARCH INSTITUTE, THE HAY HEALTHCARE SURVEY, AND THE WARREN HMO SALARY SURVEY. MARKET DATA IS EXTRAPOLATED BASED ON THE MAIN DUTIES AND RESPONSIBILITES OUTLINED IN THE JOB DESCRIPTION. THE SURVEY DATA IS ABLE TO PROVIDE DATA SPECIFICALLY FOR THE PEEKSKILL, NY MARKET AREA, THE HEADQUARTERS OF SUN RIVER HEALTH, INC. MARKET DATA IS REVIEWED AT THE MEDIAN (50TH PERCENTILE) WHICH FOLLOWS HISTORICAL AND TRADITIONAL COMPENSATION PRACTICES FOR MOST ORGANIZATIONS STRIVING TO BE COMPETITIVE AT THE 50TH PERCENTILE. ONCE THE ANALYSIS IS COMPLETED, A RECOMMENDATION IS MADE REGARDING BASE COMPENSATION. THE COMPENSATION COMMITTEE OF THE BOARD MEETS TO DISCUSS, WITH THE CONSULTANTS, THEIR WORK AND FINDINGS, DELIBERATES, AND DECIDES, WITHOUT THE CONSULTANTS BEING PRESENT, WHAT CHANGES TO ANNUAL BASE COMPENSATION ARE WARRANTED.

SCHEDULE J, PART II, COLUMN B(II):

INCLUDED IN SCHEDULE J, COLUMN B(II) IS 162 BONUS PLAN FOR: - ANNE K. NOLON, PRESIDENT/CEO - JAMES SINKOFF, DEO & CFO - EVAN ZUCKERMAN, TREASURER/CFO. - JESSICA DIAMOND, CHIEF POP. HEALTH OFFICER THE CENTER HAS ESTABLISHED A DISCRETIONARY 162 PERFORMANCE BONUS PLAN (THE "162 BONUS PLAN") FOR CERTAIN ELIGIBLE EMPLOYEES. THE 162 BONUS PLAN IS EXEMPT FROM ERISA AND IS INTENDED TO BE EXEMPT FROM SECTION 409A OF THE CODE UNDER THE SHORT-TERM DEFERRAL EXCEPTION. THE 162 BONUS PLAN INCLUDES A BASE CONTRIBUTION OF 8% OF THE PARTICIPANT'S COMPENSATION FOR THE FIRST PLAN YEAR; BASE CONTRIBUTION FOR SUBSEQUENT PLAN YEARS SHALL BE DETERMINED BY THE BOARD OF DIRECTORS OF THE CENTER. THE CENTER MAY ALSO MAKE DISCRETIONARY CONTRIBUTIONS TO THE 162 BONUS PLAN FOR ANY PLAN YEAR. PARTICIPANTS WILL BE 100% VESTED IN CONTRIBUTIONS MADE TO THE 162 BONUS PLAN. BONUS CONTRIBUTIONS ARE GROSSED UP FOR TAX PURPOSE.

Related partnerships

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

• BRIGHTPOINT SEARCH LLC

  RECRUITMENT COMPANY · NY

• CBHCARE IPA LLC

  BEHAVIORAL HEALTH · NY

• BRIGHTPOINT LABORATORIES LLC

  LABORATORY SERVICES · NY

• SRH CHN LEAD HEALTH HOME LLC

  HEALTH HOME PROGRAM · NY

Related corporations and trusts

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

• SOLUTIONS 4 COMMUNITY HEALTH INC

  C · MEDICAL BILLING · NY