Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $6,278

• 1d · Related organizations

  $848,822

• 1f · All other contributions, gifts and grants

  $2,758

• 2a · Program service revenue: PATIENT SERVICES

  total $11,207,514 · related or exempt $11,207,514

• 2b · Program service revenue: FOOD SERVICE

  total $28,129 · related or exempt $28,129

• 3 · Investment income

  total $113,529 · excluded $113,529

• 7a · Gross sales of assets other than inventory

  securities $2,338,875 · other assets $2,850

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

  securities $2,365,242 · other assets $1,241

• 7c · Gain or loss

  securities -$26,367 · other assets $1,609

• 7d · Net gain or loss

  total -$24,758 · excluded -$24,758

• 10a · Gross sales of inventory

  $1,177

• 10b · Cost of goods sold

  $6,030

• 10c · Net income from sales of inventory

  total -$4,853 · excluded -$4,853

• 11a · Other revenue: CLINIC REIMBURSEMENT

  total $158,776 · related or exempt $37,204 · excluded $121,572

• 11b · Other revenue: CONTRACTED AFFILIATE INCOME

  total $33,357 · related or exempt $33,357

• 11c · Other revenue: TRAINING EVENTS

  total $6,964 · related or exempt $6,964

• 11e · Other revenue, total

  $199,097

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $614,902 · program services $179,217 · management and general $406,878 · fundraising $28,807

• 7 · Other salaries and wages

  total $6,658,945 · program services $6,164,149 · management and general $494,796

• 8 · Pension plan contributions

  total $257,452 · program services $257,452

• 9 · Other employee benefits

  total $995,095 · program services $925,934 · management and general $68,217 · fundraising $944

• 10 · Payroll taxes

  total $533,500 · program services $470,952 · management and general $60,687 · fundraising $1,861

• 11b · Fees: legal

  total $23,980 · management and general $23,980

• 11c · Fees: accounting

  total $62,070 · management and general $62,070

• 11f · Fees: investment management

  total $500 · management and general $500

• 11g · Fees: other

  total $310,660 · program services $246,696 · management and general $63,964

• 12 · Advertising and promotion

  total $72,456 · program services $61,974 · management and general $6,361 · fundraising $4,121

• 13 · Office expenses

  total $234,687 · program services $87,645 · management and general $147,042

• 14 · Information technology

  total $163,648 · program services $98,222 · management and general $65,426

• 16 · Occupancy

  total $207,870 · program services $107,997 · management and general $99,873

• 17 · Travel

  total $276,342 · program services $260,838 · management and general $15,377 · fundraising $127

• 19 · Conferences, conventions and meetings

  total $82,318 · program services $67,954 · management and general $14,364

• 20 · Interest

  total $2,005 · management and general $2,005

• 22 · Depreciation, depletion and amortization

  total $295,332 · program services $176,471 · management and general $118,861

• 23 · Insurance

  total $84,862 · program services $49,807 · management and general $35,055

• 24a · Other expenses: PATIENT EXPENSES

  total $2,052,313 · program services $2,052,313

• 24b · Other expenses: DUES & SUBSCRIPTIONS

  total $71,126 · program services $11,885 · management and general $59,012 · fundraising $229

• 24e · All other expenses

  total $41,956 · program services $5,401 · management and general $36,476 · fundraising $79

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,200,790 · end of year $544,766

• 2 · Savings and temporary cash investments

  beginning of year $660,161 · end of year $256,102

• 3 · Pledges and grants receivable

  beginning of year $4,125 · end of year $2,264

• 4 · Accounts receivable

  beginning of year $1,504,299 · end of year $1,724,803

• 9 · Prepaid expenses and deferred charges

  beginning of year $95,605 · end of year $144,011

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

  $7,180,344

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

  $2,872,783

• 10c · Land, buildings and equipment, net

  beginning of year $4,447,553 · end of year $4,307,561

• 11 · Investments: publicly traded securities

  beginning of year $1,732,322 · end of year $2,760,040

• 13 · Investments: program-related

  beginning of year $7,359,114 · end of year $8,136,917

• 14 · Intangible assets

  beginning of year $3,584 · end of year $0

• 15 · Other assets

  beginning of year $0 · end of year $6,127

• 17 · Accounts payable and accrued expenses

  beginning of year $1,183,712 · end of year $1,151,979

• 23 · Secured mortgages and notes payable

  beginning of year $70,068 · end of year $0

• 25 · Other liabilities

  beginning of year $2,460 · end of year $837,761

• 27 · Net assets without donor restrictions

  beginning of year $15,751,313 · end of year $15,892,851

The filer's explanations (Part III)

PART I, LINE 4B

KAREN CARRIG, PRESIDENT & CEO, HAS A CURRENT YEAR DEFERRAL OF $66,250. PLAN IS AN UNFUNDED DEFERRED COMPENSATION PLAN MAINTAINED FOR CERTAIN MEMBERS OF A SELECT GROUP OF MANAGEMENT PURSUANT TO SECTIONS 210(2), 301(A)(3), AND 401(A)(1) OF ERISA.

PART I, LINE 7

RHC CREATES A BONUS POOL THAT ACCRUES 3% OF TOTAL WAGES PAID DURING THE YEAR. THE RELEASE OF PAYMENTS FROM THE POOL AT THE END OF THE YEAR IS AT THE BOARD'S DISCRETION, BASED ON MULTIPLE FACTORS. IN ALMOST ALL PRECEDING YEARS THE FULL AMOUNT OF THE BONUS POOL WAS RELEASED REGARDLESS OF CURRENT YEAR'S REVENUE OR NET EARNINGS BY THE ORGANIZATION. INDIVIDUAL EMPLOYEE BONUS AMOUNTS ARE DETERMINED BY MANAGEMENT. THE CEO'S ANNUAL BONUS, IF ANY, IS DETERMINED BY THE PERSONNEL COMMITTEE'S REVIEW.

Disregarded entities

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

• RHC HOLDINGS LLC

  SUB-DIVISION DEVELOPMENT · WI · income $0 · assets $798,682

  Directly controlled by RAINBOW HOSPICE CARE INC