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Nonprofiteer
← CLARKSON REGIONAL HEALTH SERVICES I NC

Form 990 for tax year 2023

Filed by CLARKSON REGIONAL HEALTH SERVICES I NC.

Totals

Total revenue
$19,441,341
Total expenses
$11,180,849
Contributions and grants received
$8,052,750
Grants paid
$4,634,380
Program service revenue
$3,688,441
Investment income
$7,665,722
Other revenue
$34,428
Total assets, end of year
$1,021,211,800
Total liabilities, end of year
$3,328,966
Net assets or fund balances, end of year
$1,017,882,834
Program services expenses (Part IX)
$10,582,276
Management and general expenses
$598,573
Fundraising expenses
$0
Program service expenses (Part III)
$10,582,276

Program services were 94.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $8,052,750

  • 2a · Program service revenue: RENTAL PMT FROM LAND FOR HEALTHCA

    total $2,097,665 · related or exempt $2,097,665

  • 2b · Program service revenue: THC REVENUE

    total $826,825 · related or exempt $826,825

  • 2c · Program service revenue: INCOME FROM PARAMOUNT GROUP

    total $763,951 · related or exempt $763,951

  • 3 · Investment income

    total $6,426,536 · excluded $6,426,536

  • 7a · Gross sales of assets other than inventory

    securities $35,629,024 · other assets $3,899,999

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

    securities $35,389,838 · other assets $2,899,999

  • 7c · Gain or loss

    securities $239,186 · other assets $1,000,000

  • 7d · Net gain or loss

    total $1,239,186 · excluded $1,239,186

  • 11a · Other revenue: OTHER INCOME

    total $34,428 · excluded $34,428

  • 11e · Other revenue, total

    $34,428

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,634,380 · program services $4,634,380

  • 5 · Compensation of officers, directors and key employees

    total $1,167,893 · program services $1,167,893

  • 7 · Other salaries and wages

    total $85,252 · program services $85,252

  • 8 · Pension plan contributions

    total $23,635 · program services $23,635

  • 9 · Other employee benefits

    total $144,642 · program services $144,642

  • 10 · Payroll taxes

    total $625,765 · program services $625,765

  • 11b · Fees: legal

    total $95,049 · management and general $95,049

  • 11c · Fees: accounting

    total $40,901 · management and general $40,901

  • 11g · Fees: other

    total $487,928 · program services $25,305 · management and general $462,623

  • 12 · Advertising and promotion

    total $5,500 · program services $5,500

  • 13 · Office expenses

    total $60,611 · program services $60,611

  • 14 · Information technology

    total $78,192 · program services $78,192

  • 16 · Occupancy

    total $145,303 · program services $145,303

  • 17 · Travel

    total $16,158 · program services $16,158

  • 19 · Conferences, conventions and meetings

    total $11,206 · program services $11,206

  • 22 · Depreciation, depletion and amortization

    total $1,276,582 · program services $1,276,582

  • 23 · Insurance

    total $130,638 · program services $130,638

  • 24a · Other expenses: TRUST FEES

    total $1,220,165 · program services $1,220,165

  • 24b · Other expenses: CREDENTIALING

    total $253,950 · program services $253,950

  • 24c · Other expenses: OTHER EXPENSES

    total $229,654 · program services $229,654

  • 24d · Other expenses: DEFERRED COMPENSATION

    total $227,405 · program services $227,405

  • 24e · All other expenses

    total $220,040 · program services $220,040

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $617,431 · end of year $2,178,988

  • 4 · Accounts receivable

    beginning of year $29,799 · end of year $43,452

  • 9 · Prepaid expenses and deferred charges

    beginning of year $78,842 · end of year $74,378

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

    $75,040,909

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

    $60,087,178

  • 10c · Land, buildings and equipment, net

    beginning of year $15,245,833 · end of year $14,953,731

  • 11 · Investments: publicly traded securities

    beginning of year $230,992,106 · end of year $255,408,488

  • 13 · Investments: program-related

    beginning of year $670,270,122 · end of year $742,981,214

  • 15 · Other assets

    beginning of year $7,038,540 · end of year $5,571,549

  • 17 · Accounts payable and accrued expenses

    beginning of year $605,188 · end of year $678,966

  • 18 · Grants payable

    beginning of year $6,746,711 · end of year $2,650,000

  • 27 · Net assets without donor restrictions

    beginning of year $901,563,698 · end of year $1,000,407,596

  • 28 · Net assets with donor restrictions

    beginning of year $15,357,076 · end of year $17,475,238

Mission and programs · 2023

Mission

PROVIDING EDUCATIONAL AND TRAINING PROGRAMS.CORPORATION WHOSE PURPOSE IS TO ESTABLISH AND MAINTAIN, DIRECTLY OR INDIRECTLY, INSTITUTIONS TO PROVIDE FOR THE ECONOMICAL AND EFFICIENT DELIVERY OF HEALTHCARE AND RELATED SERVICES, INCLUDING SUPPORT OR PROVIDING INNOVATIVE HEALTHCARE DELIVERY SOLUTIONS THAT ALIGN QUALITY, COST-EFFECTIVE SERVICES WITH SELECT POPULATION NEEDS.

Activities or mission (Part I)

SUPPORT OR PROVIDE INNOVATIVE HEALTHCARE DELIVERY SOLUTIONS THAT ALIGN QUALITY, COST-EFFECTIVE SERVICES WITH SELECT POPULATION NEEDS.

  • PROVIDING EDUCATIONAL AND TRAINING PROGRAMS.CORPORATION WHOSE PURPOSE IS TO ESTABLISH AND MAINTAIN, DIRECTLY OR INDIRECTLY, INSTITUTIONS TO PROVIDE FOR THE ECONOMICAL AND EFFICIENT DELIVERY OF HEALTHCARE AND RELATED SERVICES, INCLUDING PROVIDING EDUCATIONAL AND TRAINAING PROGRAMS.

    Expenses $10,582,276 · Grants $4,634,380 · Revenue $3,688,441

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr James Canedy

    PRESIDENT

    Total calculated
    $759,694
    From this org
    $580,000
    From related orgs
    $0
    Other
    $179,694
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $580,000
    Bonus
    $0
    Other
    $0
    Deferred
    $168,000
    Nontaxable benefits
    $11,694
    Filer's total
    $759,694

  • Mr Robert Howard

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dr Steve Black

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dr George Greene

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mr Jim Landen

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Dr David Vogel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr William Lydiatt

    DIRECTOR/CONSULTANT

    Total calculated
    $132,000
    From this org
    $132,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mr Allen Hager

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ms Stephanie Moline

    DIRECTOR/CONSULTANT

    Total calculated
    $39,200
    From this org
    $39,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Andrea Marshall

    MANAGEMENT COMPANY OFFICIA

    Total calculated
    $0
    Hours/week
    1

  • Matt Hruska

    CFO

    Total calculated
    $148,189
    From this org
    $134,615
    From related orgs
    $0
    Other
    $13,574
    Hours/week
    40

  • Torri Criger

    COO

    Total calculated
    $344,101
    From this org
    $312,000
    From related orgs
    $0
    Other
    $32,101
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $312,000
    Bonus
    $0
    Other
    $0
    Deferred
    $30,480
    Nontaxable benefits
    $1,621
    Filer's total
    $344,101

  • Morgan Power

    SVP ANALYTICS

    Total calculated
    $280,920
    From this org
    $242,734
    From related orgs
    $0
    Other
    $38,186
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $242,734
    Bonus
    $0
    Other
    $0
    Deferred
    $23,713
    Nontaxable benefits
    $14,473
    Filer's total
    $280,920

  • Theresa Lucas

    MANAGER

    Total calculated
    $120,664
    From this org
    $103,197
    From related orgs
    $0
    Other
    $17,467
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

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

  • PARAMOUNT GROUP LLC

    INDEPENDENT PROVIDER ASSN · NE · income $763,951 · assets $1,441,794

    Directly controlled by CLARKSON REGIONAL HEALTH SERVICE INC

  • TRANSFORMING HEALTHCARE LLC

    HEALTH DATA ANALYTICS · NE · income $826,825 · assets -$4,210,462

    Directly controlled by CLARKSON REGIONAL HEALTH SERVICE INC

  • 144 MOB

    REAL ESTATE HOLDING · NE · income $1,130,083 · assets $8,845,555

    Directly controlled by CLARKSON REGIONAL HEALTH SERVICE INC

Provenance

Return type
form_990
Tax year
2023
Filed
7 May 2025
IRS schema version
2023v6.0
Source object
202501339349304290

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