Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,467,486

• 1f · All other contributions, gifts and grants

  $102,320

• 2a · Program service revenue: PATIENT SERVICES

  total $33,038,774 · related or exempt $33,038,774

• 2b · Program service revenue: PHARMACY

  total $1,054,953 · related or exempt $1,054,953

• 2c · Program service revenue: CAFETERIA & VENDING

  total $62,799 · related or exempt $62,799

• 2d · Program service revenue: OTHER REVENUE

  total $12,342 · related or exempt $12,342

• 3 · Investment income

  total $1,202,164 · excluded $1,202,164

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $0

• 6a · Gross rents

  real property $51,488

• 6c · Rental income or loss

  real property $51,488 · personal property $0

• 6d · Net rental income or loss

  total $51,488 · excluded $51,488

• 7a · Gross sales of assets other than inventory

  securities $16,374,147

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

  securities $16,259,757

• 7c · Gain or loss

  securities $114,390

• 7d · Net gain or loss

  total $114,390 · excluded $114,390

• 8a · Fundraising events: gross income

  $0

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $0

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,002,290 · program services $1,002,290

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $1,314,975 · program services $1,094,241 · management and general $220,734

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $14,031,334 · program services $13,295,056 · management and general $736,278

• 8 · Pension plan contributions

  total $248,637 · program services $237,875 · management and general $10,762

• 9 · Other employee benefits

  total $1,863,570 · program services $1,747,773 · management and general $115,797

• 10 · Payroll taxes

  total $947,375 · program services $885,734 · management and general $61,641

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $0

• 11c · Fees: accounting

  total $0

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $33,185 · management and general $33,185

• 11g · Fees: other

  total $1,077,023 · program services $821,462 · management and general $255,561

• 12 · Advertising and promotion

  total $174,704 · management and general $174,704

• 13 · Office expenses

  total $4,264,166 · program services $621,754 · management and general $3,642,412

• 14 · Information technology

  total $37,585 · program services $1,590 · management and general $35,995

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $837,946 · program services $732,388 · management and general $105,558

• 17 · Travel

  total $77,090 · program services $68,441 · management and general $8,649

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $21,558 · program services $20,448 · management and general $1,110

• 20 · Interest

  total $881 · program services $755 · management and general $126

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $1,078,571 · program services $924,227 · management and general $154,344

• 23 · Insurance

  total $443,433 · program services $285,615 · management and general $157,818

• 24a · Other expenses: MEDICAL SUPPLIES & DRUGS

  total $2,925,617 · program services $2,925,617

• 24b · Other expenses: PROVIDER TAX

  total $1,393,326 · program services $1,393,326

• 24c · Other expenses: LICENSES, DUES, SUBSCRIPTIONS

  total $78,632 · program services $25,025 · management and general $53,607

• 24d · Other expenses: MISCELLANEOUS

  total $3,835 · program services $604 · management and general $3,231

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,450 · end of year $967,399

• 2 · Savings and temporary cash investments

  beginning of year $1,313,973 · end of year $3,476,921

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $4,252,101 · end of year $4,646,858

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $512,576 · end of year $464,048

• 9 · Prepaid expenses and deferred charges

  beginning of year $187,542 · end of year $214,790

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

  $22,710,789

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

  $14,997,469

• 10c · Land, buildings and equipment, net

  beginning of year $8,062,576 · end of year $7,713,320

• 11 · Investments: publicly traded securities

  beginning of year $60,470,677 · end of year $59,533,020

• 12 · Investments: other securities

  beginning of year $0 · end of year $0

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $664,703 · end of year $664,703

• 15 · Other assets

  beginning of year $2,388,611 · end of year $1,018,805

• 17 · Accounts payable and accrued expenses

  beginning of year $564,003 · end of year $964,075

• 18 · Grants payable

  beginning of year $0 · end of year $666,666

• 19 · Deferred revenue

  beginning of year $0 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $229,745 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $255,447 · end of year $187,293

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $4,247,020 · end of year $3,728,012

• 27 · Net assets without donor restrictions

  beginning of year $72,557,994 · end of year $73,153,818

• 28 · Net assets with donor restrictions

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

SCHEDULE J, PART I, LINES 6A & 6B

COMPENSATION CONTINGENT ON THE NET EARNINGS OF THE ORGANIZATION: FREEMAN HEALTH SYSTEM PROVIDES MANAGEMENT THE POTENTIAL TO RECEIVE AN AT-RISK PAYMENT BASED ON SYSTEM AND INDIVIDUAL GOAL ACHIEVEMENT. THE AMOUNT OF COMPENSATION IS BASED UPON A PERCENTAGE OF THE EMPLOYEE'S ANNUAL COMPENSATION AND IS SUBJECT TO BOARD APPROVAL.

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

BONUS & INCENTIVE COMPENSATION: THE ORGANIZATION PROVIDES PHYSICIANS THE POTENTIAL TO RECEIVE ANNUAL BONUS COMPENSATION. PHYSICIAN BONUSES ARE CALCULATED BASED ON GENERATING WORKED RELATIVE VALUE UNITS (WRVU). EMPLOYMENT CONTRACTS SPECIFY THE NUMBER OF REQUIRED WRVUS (TO OBTAIN AN ANNUAL SALARY) AND THE ADDITIONAL BONUS COMPENSATION PHYSICIANS WILL RECEIVE ONCE THE REQUIRED WRVUS HAVE BEEN MET. ADDITIONAL BONUS COMPENSATION IS CALCULATED BY MULTIPLYING THE WRVUS IN EXCESS OF REQUIRED WRVUS TIMES A PREDETERMINED COMPENSATION FACTOR. WRVUS SHALL BE COMPUTED BY USE OF THE APPROVED MEDICARE METHODS OF COMPUTATION FOR PHYSICIAN PRACTICES.

SCHEDULE J, PART II, COLUMN F

COMPENSATION REPORTED IN PRIOR FROM 990: COMPENSATION IS REPORTED ON THE FORM 990 IN THE YEAR THAT THE COMPENSATION IS EARNED BY OR AWARDED TO AN INDIVIDUAL, EVEN IF THE COMPENSATION IS NOT PAID TO THE INDIVIDUAL, IS NOT FULLY VESTED, OR IS SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE. IF COMPENSATION IS EARNED OR AWARDED IN ONE YEAR BUT PAID IN A LATER YEAR, THEN THE COMPENSATION IS REPORTED A SECOND TIME ON THE FORM 990 IN THE YEAR THE COMPENSATION IS VESTED OR PAID TO THE INDIVIDUAL.

Related partnerships

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

• FREEMAN SURG CTR

  AMBULATORY SURG · MO

  Directly controlled by FREEMAN HLTH