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Nonprofiteer
← SID PETERSON MEMORIAL HOSPITAL

Form 990 for tax year 2023

Filed by SID PETERSON MEMORIAL HOSPITAL.

Totals

Total revenue
$213,272,098
Total expenses
$181,252,546
Contributions and grants received
$4,618,344
Grants paid
$114,328
Program service revenue
$200,690,315
Investment income
$6,258,745
Other revenue
$1,704,694
Total assets, end of year
$323,259,705
Total liabilities, end of year
$70,956,691
Net assets or fund balances, end of year
$252,303,014
Program services expenses (Part IX)
$154,494,912
Management and general expenses
$26,262,781
Fundraising expenses
$494,853
Program service expenses (Part III)
$154,494,912

Program services were 85.2% 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.

  • 1d · Related organizations

    $3,018,344

  • 1e · Government grants (contributions)

    $1,600,000

  • 2a · Program service revenue: NET PATIENT SERVICE REVENUE

    total $199,841,273 · related or exempt $199,841,273

  • 2b · Program service revenue: MANAGEMENT FEE REVENUE

    total $849,042 · related or exempt $849,042

  • 3 · Investment income

    total $4,295,895 · excluded $4,295,895

  • 6a · Gross rents

    real property $285,213 · personal property $909,285

  • 6b · Less rental expenses

    real property $240,963 · personal property $909,285

  • 6c · Rental income or loss

    real property $44,250 · personal property $0

  • 6d · Net rental income or loss

    total $44,250 · excluded $44,250

  • 7a · Gross sales of assets other than inventory

    securities $27,879,874

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

    securities $25,917,024

  • 7c · Gain or loss

    securities $1,962,850

  • 7d · Net gain or loss

    total $1,962,850 · excluded $1,962,850

  • 11a · Other revenue: MISCELLANEOUS

    total $1,660,444 · related or exempt $1,660,444

  • 11e · Other revenue, total

    $1,660,444

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $56,490 · program services $56,490

  • 2 · Grants to domestic individuals

    total $57,838 · program services $57,838

  • 5 · Compensation of officers, directors and key employees

    total $3,005,359 · program services $1,787,827 · management and general $1,131,778 · fundraising $85,754

  • 7 · Other salaries and wages

    total $81,724,336 · program services $72,744,360 · management and general $8,887,466 · fundraising $92,510

  • 9 · Other employee benefits

    total $12,059,427 · program services $8,084,549 · management and general $3,930,335 · fundraising $44,543

  • 10 · Payroll taxes

    total $5,299,151 · program services $4,641,923 · management and general $643,545 · fundraising $13,683

  • 11b · Fees: legal

    total $289,996 · program services $111,406 · management and general $172,959 · fundraising $5,631

  • 11c · Fees: accounting

    total $185,458 · program services $17,085 · management and general $160,281 · fundraising $8,092

  • 11f · Fees: investment management

    total $671,468 · management and general $671,468

  • 11g · Fees: other

    total $12,799,719 · program services $10,458,376 · management and general $2,296,293 · fundraising $45,050

  • 12 · Advertising and promotion

    total $1,282,574 · program services $134,897 · management and general $1,020,206 · fundraising $127,471

  • 14 · Information technology

    total $4,494,403 · program services $2,629,414 · management and general $1,849,188 · fundraising $15,801

  • 16 · Occupancy

    total $2,101,945 · program services $1,782,565 · management and general $319,364 · fundraising $16

  • 19 · Conferences, conventions and meetings

    total $57,362 · program services $28,624 · management and general $28,379 · fundraising $359

  • 20 · Interest

    total $1,884,501 · program services $1,179,011 · management and general $697,729 · fundraising $7,761

  • 22 · Depreciation, depletion and amortization

    total $7,161,495 · program services $5,054,789 · management and general $2,084,956 · fundraising $21,750

  • 23 · Insurance

    total $487,514 · program services $388,311 · management and general $99,203

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $33,566,634 · program services $32,776,581 · management and general $786,667 · fundraising $3,386

  • 24b · Other expenses: EQUIPMENT REPAIRS & MAI

    total $5,103,484 · program services $4,760,287 · management and general $342,972 · fundraising $225

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $5,080,328 · program services $5,080,328 · management and general $0 · fundraising $0

  • 24d · Other expenses: OTHER EXPENSES

    total $2,541,400 · program services $1,731,046 · management and general $790,608 · fundraising $19,746

  • 24e · All other expenses

    total $1,341,664 · program services $989,205 · management and general $349,384 · fundraising $3,075

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $21,187,785 · end of year $15,799,756

  • 4 · Accounts receivable

    beginning of year $22,629,285 · end of year $24,766,631

  • 8 · Inventories for sale or use

    beginning of year $4,797,223 · end of year $4,641,768

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,322,963 · end of year $2,985,161

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

    $234,462,533

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

    $116,147,095

  • 10c · Land, buildings and equipment, net

    beginning of year $96,415,453 · end of year $118,315,438

  • 11 · Investments: publicly traded securities

    beginning of year $141,324,954 · end of year $155,567,721

  • 15 · Other assets

    beginning of year $1,341,942 · end of year $1,183,230

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,555,051 · end of year $27,865,524

  • 19 · Deferred revenue

    end of year $366,627

  • 20 · Tax-exempt bond liabilities

    beginning of year $42,572,752 · end of year $39,737,328

  • 25 · Other liabilities

    beginning of year $3,658,452 · end of year $2,987,212

  • 27 · Net assets without donor restrictions

    beginning of year $220,962,575 · end of year $252,041,552

  • 28 · Net assets with donor restrictions

    beginning of year $270,775 · end of year $261,462

Mission and programs · 2023

Mission

PETERSON REGIONAL MEDICAL CENTER PROVIDES EXCEPTIONAL, COMPASSIONATE, PATIENT-CENTERED HEALTHCARE.

Activities or mission (Part I)

THE HOSPITAL'S MISSION IS TO PROVIDE WORLD CLASS CARE TODAY, TOMORROW, ALWAYS IN DELIVERING EXCEPTIONAL, COMPASSIONATE, PATIENT-CENTERED CARE.

  • PETERSON REGIONAL MEDICAL CENTER IS A PRIVATE, NOT-FOR-PROFIT COMMUNITY HOSPITAL IN KERRVILLE, TEXAS. KERRVILLE IS LOCATED IN KERR COUNTY, APPROXIMATELY 60 MILES NORTHWEST OF SAN ANTONIO AND 80 MILES SOUTH WEST OF AUSTIN. PETERSON REGIONAL MEDICAL CENTER SERVES THE COMMUNITIES AND RESIDENTS IN THE FOLLOWING COUNTIES: KERR, BANDERA, GILLESPIE, KIMBLE, EDWARDS AND REAL. PETERSON REGIONAL MEDICAL CENTER ANCHORS A 35-ACRE CAMPUS INCLUDING A 124-BED ACUTE CARE HOSPITAL PROVIDING SERVICES INCLUDING: 24/7EMERGENCY DEPARTMENT, WOMEN'S SERVICES (INCLUDING MATERNAL/NEWBORN), ACUTE INPATIENT REHABILITATION, ORTHOPEDICS, GENERAL SURGERY, DIAGNOSTIC IMAGING, INTENSIVE CARE UNIT, AND LABORATORY. ON THE SAME CAMPUS IS AN AMBULATORY CARE CENTER PROVIDING OUTPATIENT REHAB SERVICES, OUTPATIENT SURGERY, OUTPATIENT DIAGNOSTIC IMAGING AND HYPERBARIC WOUND CARE. PETERSON HOSPICE SERVICE AND PETERSON HOME CARE SERVICES ARE ALSO MEMBERS OF THE PETERSON REGIONAL FAMILY OF SERVICES BUT LOCATED OFF-SITE.

    Expenses $144,623,233 · Grants $114,328 · Revenue $190,196,236

  • PETERSON HOME CARE PROVIDES A COMPREHENSIVE TEAM OF HEALTHCARE PROFESSIONALS TO THE RESIDENTS OF THE HILL COUNTRY, SPECIFICALLY KERR, GILLESPIE AND BANDERA COUNTIES. PETERSON HOME CARE IS A NOT-FOR-PROFIT ORGANIZATION PROVIDING A COMPREHENSIVE RANGE OF PROFESSIONAL SERVICES INCLUDING: NURSING CARE, PHYSICAL AND SPEECH THERAPY, OSTOMY AND WOUND CARE, IV ANTIBIOTICS, CHEMOTHERAPY, AIDE SERVICES AND MEDICATION MANAGEMENT. ALL SERVICES ARE COORDINATED THROUGH AN INTERDISCIPLINARY APPROACH TO PATIENT CARE AND ESTABLISHED UNDER A PLAN OF TREATMENT OF A PHYSICIAN. DIAGNOSTIC AND LABORATORY SERVICES, AS WELL AS MEDICAL AND SURGICAL SUPPLIES ARE ALSO PROVIDED IN CONJUNCTION WITH SKILLED CARE. HOME CARE HAD 1,554 ADMISSIONS DURING THE YEAR AND 24,164 VISITS.

    Expenses $4,820,765 · Revenue $5,601,893

  • PETERSON HOSPICE IS A DEPARTMENT OF PRMC AND IS LOCATED OFF CAMPUS. IT OPERATES AS ONE OF THE HOSPITAL'S MANY OUTREACHES FOR THE HILL COUNTRY COMMUNITIES IT SERVES. PETERSON HOSPICE IS THE ONLY NON-PROFIT HOSPICE IN THE HILL COUNTRY WITH A MISSION THAT NO ONE WILL BE DENIED HOSPICE CARE BECAUSE OF AN INABILITY TO PAY. IN ADDITION TO PROVIDING HOSPICE CARE, PETERSON HOSPICE ALSO PROVIDES THE FOLLOWING UNFUNDED COMMUNITY SERVICES: 1. NAVIGATING THE WATERS OF GRIEF A SIX WEEK GRIEF SUPPORT GROUP FOR ADULTS. THIS PROGRAM IS FACILITATED TWICE A YEAR BY A GRIEF EXPERT WHO IS A LICENSED MEDICAL SOCIAL WORKER (MSW). NAVIGATING THE WATERS OF GRIEF WORKS CLOSELY WITH HILL COUNTRY CLERGY AND THE LOCAL COMMUNITIES TO SERVE HOSPICE FAMILIES AS WELL AS OTHERS FACING THE LOSS OF A LOVED ONE OR FRIEND. 2. BRIDGING THE GAP A SIX WEEK GRIEF SUPPORT GROUP FOR CHILDREN AGES KINDER THROUGH 12TH GRADE. THIS PROGRAM GIVES THEM THE TOOLS THEY NEED TO WORK THROUGH THE GRIEVING PROCESS. THE PARENTS ATTEND AS WELL TO OPEN COMMUNICATION AND FEELINGS TO HELP THE CHILD DEAL WITH GRIEF AT THEIR AGE APPROPRIATE LEVEL. BTG WORKS WITH ALL HILL COUNTRY SCHOOLS AND THEIR COUNSELORS. THE LOCAL COMMUNITY SERVES AS FACILITATORS AND VOLUNTEERS FOR THIS EXCELLENT PROGRAM. 3. CAMP RAYS OF HOPE IS A STATEWIDE PROGRAM WHICH IS A WEEKEND RETREAT FOR GRIEVING CHILDREN THAT INCORPORATES THE PARENTS AS WELL. THE CHILDREN LEARN NEW WAYS TO COPE WITH THEIR LOSS, AND TO MEET OTHERS WITH SIMILAR CIRCUMSTANCES TO REMEMBER SPECIAL TIMES, TO MAKE NEW FRIENDS, AND TO HAVE FUN. 4. FLORAL PROGRAM IS A VOLUNTEER DRIVEN PROGRAM THAT DELIVERS FLOWERS TO OUR PATIENTS. THE LOCAL FLORISTS IN THE AREA DONATE THE FLOWERS AND VOLUNTEERS ARRANGE AND DELIVER THEM. VOLUNTEERS ALSO SUPPORT FAMILIES AND PATIENTS WITH THEIR VISITS. 5. PATHWAYS THIS VOLUNTEER OUTREACH OFFERS HOME BASED SOCIAL AND EMOTIONAL SUPPORT TO CLIENTS WITH AN ILLNESS THAT HAS A LIMITED LIFE EXPECTANCY BUT IS NOT YET HOSPICE APPROPRIATE. VOLUNTEERS HELP REDUCE THE ISOLATION AND VULNERABILITY THAT CLIENTS AND FAMILIES EXPERIENCE DURING A DIFFICULT TIME. EDUCATION IS AVAILABLE THROUGH PRMC RESOURCES REGARDING DISEASE PROCESSES, COPING STRATEGIES, ADVANCE DIRECTIVES, AND PRACTICAL AND SPIRITUAL ISSUES. THIS SUPPORT HELPS CLIENTS DEFINE THEIR QUALITY OF LIFE. 6. COMMUNITY SERVE PROGRAM OFFERING OPPORTUNITIES FOR CITIZENS TO FULFILL COURT OBLIGATIONS IN A BENEFICIAL MANNER. 367 ADMISSIONS ACCOUNTED FOR 38,423 PATIENT DAYS.

    Expenses $4,985,523 · Revenue $6,552,630

  • DESCRIPTION OF OTHER PROGRAM SERVICES: THE ORGANIZATION HAS ONE LAB OFF-SITE OUTREACH LOCATION. THERE WERE 506,446 LAB TESTS PERFORMED FOR THE YEAR.

    Expenses $65,391

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

Listed in Part VII

  • Brian P Bowers

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    10

  • Kristen McAlexander

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • James A Young MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Keith Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Mary Liz Eastland

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Kendall Davison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Rose Bradshaw

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Sylvia Fritz Dobbs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Thomas Houdeshell

    CHAIRMAN ELECT

    Total calculated
    $0
    Hours/week
    5

  • Toni Manchester

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Mark Armstrong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Brian Robicheaux

    CIO

    Total calculated
    $283,805
    From this org
    $224,358
    From related orgs
    $0
    Other
    $59,447
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,358
    Bonus
    $0
    Other
    $0
    Deferred
    $6,660
    Nontaxable benefits
    $52,787
    Filer's total
    $283,805

  • Cory Edmonson

    CEO

    Total calculated
    $665,092
    From this org
    $558,984
    From related orgs
    $0
    Other
    $106,108
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $558,984
    Bonus
    $0
    Other
    $0
    Deferred
    $52,231
    Nontaxable benefits
    $53,877
    Filer's total
    $665,092

  • Denton Gruzensky

    CHIEF HUMAN RESOURCES OFFI

    Total calculated
    $280,363
    From this org
    $206,032
    From related orgs
    $0
    Other
    $74,331
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,032
    Bonus
    $0
    Other
    $0
    Deferred
    $43,680
    Nontaxable benefits
    $30,651
    Filer's total
    $280,363

  • Joe Piszczor

    VP OF OPERATIONS

    Total calculated
    $306,453
    From this org
    $228,316
    From related orgs
    $0
    Other
    $78,137
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,316
    Bonus
    $0
    Other
    $0
    Deferred
    $22,500
    Nontaxable benefits
    $55,637
    Filer's total
    $306,453

  • Kaeli Dressler

    CNO

    Total calculated
    $294,731
    From this org
    $228,218
    From related orgs
    $0
    Other
    $66,513
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,218
    Bonus
    $0
    Other
    $0
    Deferred
    $26,666
    Nontaxable benefits
    $39,847
    Filer's total
    $294,731

  • Lisa Medovich

    CFO

    Total calculated
    $415,027
    From this org
    $319,753
    From related orgs
    $0
    Other
    $95,274
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $319,753
    Bonus
    $0
    Other
    $0
    Deferred
    $51,635
    Nontaxable benefits
    $43,639
    Filer's total
    $415,027

  • Tracy Davis

    VP OF POPULATION HEALTH

    Total calculated
    $226,588
    From this org
    $196,270
    From related orgs
    $0
    Other
    $30,318
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,270
    Bonus
    $0
    Other
    $0
    Deferred
    $30,000
    Nontaxable benefits
    $318
    Filer's total
    $226,588

  • Anne Raymond

    DIRECTOR OF PHARMACY

    Total calculated
    $230,802
    From this org
    $199,737
    From related orgs
    $0
    Other
    $31,065
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,737
    Bonus
    $0
    Other
    $0
    Deferred
    $4,037
    Nontaxable benefits
    $27,028
    Filer's total
    $230,802

  • Christopher Glanton

    CMO

    Total calculated
    $460,296
    From this org
    $384,044
    From related orgs
    $0
    Other
    $76,252
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $384,044
    Bonus
    $0
    Other
    $0
    Deferred
    $24,579
    Nontaxable benefits
    $51,673
    Filer's total
    $460,296

  • Karen Clark

    DIRECTOR OF MATERIALS MGMT

    Total calculated
    $216,888
    From this org
    $175,897
    From related orgs
    $0
    Other
    $40,991
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,897
    Bonus
    $0
    Other
    $0
    Deferred
    $17,212
    Nontaxable benefits
    $23,779
    Filer's total
    $216,888

  • Timothy Rye

    CHIEF STRATEGY DEVELOPMENT

    Total calculated
    $255,271
    From this org
    $177,567
    From related orgs
    $0
    Other
    $77,704
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,567
    Bonus
    $0
    Other
    $0
    Deferred
    $22,526
    Nontaxable benefits
    $55,178
    Filer's total
    $255,271

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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

PART I, LINE 4B
PERSONS PARTICIPATING IN, OR RECEIVING PAYMENT FROM, A RETIREMENT PLAN: THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SERP. AMOUNTS FOR THE CURRENT YEAR WERE AS FOLLOWS: PARTICIPANTS IN SERP REPORTED IN W-2 DEFERRED COMPENSATION ------------------------ --------------- --------------- KAELI DRESSLER 233,405 25,846 CHRISTOPHER GLANTON 404,759 23,308 LISA MEDOVICH 392,018 47,500 BRIAN ROBICHEAUX 242,531 4,100 TRACY DAVIS 213,361 26,634 JOE PISZCZOR 270,020 20,500 CORY EDMONSON 668,140 47,500 DENTON GRUZENSKY 249,536 41,000 TIMONTHY RYE 201,009 10,828 KAREN CLARK 172,607 16,711 INDIVIDUALS ARE NOT ELIGIBLE TO RECEIVE ANY FUNDS UNTIL AFTER 5 YEARS OF SERVICE OR RETIRE AFTER 3 YEARS OF PROGRAM IMPLEMENTATION.

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.

  • PH EQUITY I LLC

    REAL ESTATE HOLDING · TX · income $5,028 · assets $867,387

    Directly controlled by SID PETERSON MEMORIAL HOSPITAL

Related corporations and trusts

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

  • PETERSON MEDICAL ASSOCIATES

    C · HEALTHCARE · TX · 100% owned · controlled entity

    Directly controlled by PRMC

Provenance

Return type
form_990
Tax year
2023
Filed
26 March 2025
IRS schema version
2023v6.0
Source object
202500869349301430

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