Form 990 for tax year 2022

Filed by SOUTH PENINSULA HOSPITAL INC.

Totals

Total revenue: $113,484,050
Total expenses: $110,793,354
Contributions and grants received: $5,226,148
Grants paid: $141,658
Program service revenue: $106,939,029
Investment income: $563,017
Other revenue: $755,856
Total assets, end of year: $114,392,821
Total liabilities, end of year: $23,724,518
Net assets or fund balances, end of year: $90,668,303
Program services expenses (Part IX): $85,872,676
Management and general expenses: $24,920,678
Fundraising expenses: $0
Program service expenses (Part III): $85,872,676

Program services were 77.5% 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.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$4,933,781
1e · Government grants (contributions)

$292,367
1f · All other contributions, gifts and grants

$0
1g · Noncash contributions included above

$212,160
2a · Program service revenue: Hospital

total $83,513,387 · related or exempt $83,513,387 · unrelated business $0 · excluded $0
2b · Program service revenue: Physician Offices

total $12,890,575 · related or exempt $12,890,575 · unrelated business $0 · excluded $0
2c · Program service revenue: Long Term Care

total $9,267,807 · related or exempt $9,267,807 · unrelated business $0 · excluded $0
2d · Program service revenue: Home Health Care

total $1,267,260 · related or exempt $1,267,260 · unrelated business $0 · excluded $0
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $556,445 · related or exempt $556,445 · unrelated business $0 · excluded $0
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6a · Gross rents

real property $0 · personal property $0
6b · Less rental expenses

real property $0 · personal property $0
6c · Rental income or loss

real property $0 · personal property $0
6d · Net rental income or loss

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
7a · Gross sales of assets other than inventory

securities $0 · other assets $6,572
7b · Less cost or other basis and sales expenses

securities $0 · other assets $0
7c · Gain or loss

securities $0 · other assets $6,572
7d · Net gain or loss

total $6,572 · related or exempt $6,572 · unrelated business $0 · excluded $0
8a · Fundraising events: gross income

$0
8a · Fundraising events: contributions included on line 1c

$0
8b · Fundraising events: direct expenses

$0
8c · Net income from fundraising events

total $0 · unrelated business $0 · excluded $0
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11a · Other revenue: Cafeteria and Other Revenues

total $531,225 · related or exempt $531,225 · unrelated business $0 · excluded $0
11b · Other revenue: USAC Internet Subsidies

total $203,136 · related or exempt $203,136 · unrelated business $0 · excluded $0
11c · Other revenue: Other Operating Income

total $21,495 · related or exempt $21,495 · unrelated business $0 · excluded $0
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$755,856

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $141,658 · program services $141,658
2 · Grants to domestic individuals

total $0 · program services $0
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $3,286,620 · program services $1,839,598 · management and general $1,447,022 · fundraising $0
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $48,404,147 · program services $39,106,837 · management and general $9,297,310 · fundraising $0
8 · Pension plan contributions

total $2,957,206 · program services $2,129,188 · management and general $828,018 · fundraising $0
9 · Other employee benefits

total $16,062,006 · program services $11,618,899 · management and general $4,443,107 · fundraising $0
10 · Payroll taxes

total $3,463,714 · program services $2,728,858 · management and general $734,856 · fundraising $0
11a · Fees: management

total $0 · program services $0 · management and general $0 · fundraising $0
11b · Fees: legal

total $100,356 · program services $0 · management and general $100,356 · fundraising $0
11c · Fees: accounting

total $97,975 · program services $0 · management and general $97,975 · fundraising $0
11d · Fees: lobbying

total $7,271 · program services $0 · management and general $7,271 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11f · Fees: investment management

total $0 · program services $0 · management and general $0 · fundraising $0
11g · Fees: other

total $9,383,030 · program services $8,483,009 · management and general $900,021 · fundraising $0
12 · Advertising and promotion

total $71,650 · program services $4,744 · management and general $66,906 · fundraising $0
13 · Office expenses

total $12,547,236 · program services $11,609,904 · management and general $937,332 · fundraising $0
14 · Information technology

total $1,554,092 · program services $605,959 · management and general $948,133 · fundraising $0
15 · Royalties

total $0 · program services $0 · management and general $0 · fundraising $0
16 · Occupancy

total $2,063,957 · program services $287,330 · management and general $1,776,627 · fundraising $0
17 · Travel

total $225,487 · program services $141,409 · management and general $84,078 · fundraising $0
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $392,658 · program services $253,104 · management and general $139,554 · fundraising $0
20 · Interest

total $502,349 · program services $0 · management and general $502,349 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $4,747,177 · program services $4,272,459 · management and general $474,718 · fundraising $0
23 · Insurance

total $1,287,578 · program services $566,652 · management and general $720,926 · fundraising $0
24a · Other expenses: Repairs and Maintenance

total $1,905,204 · program services $982,727 · management and general $922,477 · fundraising $0
24b · Other expenses: Due and Subscriptions

total $215,318 · program services $59,327 · management and general $155,991 · fundraising $0
24c · Other expenses: Recruitment

total $1,185,502 · program services $922,995 · management and general $262,507 · fundraising $0
24d · Other expenses: Miscellaneous

total $191,163 · program services $118,019 · management and general $73,144 · fundraising $0
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $2,686 · end of year $2,686
2 · Savings and temporary cash investments

beginning of year $40,998,938 · end of year $42,940,215
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $16,295,100 · end of year $15,489,824
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 $2,062,504 · end of year $2,130,034
9 · Prepaid expenses and deferred charges

beginning of year $760,219 · end of year $737,230
10a · Land, buildings and equipment: cost or other basis

$102,464,824
10b · Land, buildings and equipment: accumulated depreciation

$59,087,989
10c · Land, buildings and equipment, net

beginning of year $43,456,289 · end of year $43,376,835
11 · Investments: publicly traded securities

beginning of year $0 · end of year $0
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 $18,000 · end of year $5,000
15 · Other assets

beginning of year $9,654,706 · end of year $9,710,997
17 · Accounts payable and accrued expenses

beginning of year $15,745,077 · end of year $14,240,037
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $647,712 · end of year $630,113
20 · Tax-exempt bond liabilities

beginning of year $9,000,373 · end of year $8,854,368
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
23 · Secured mortgages and notes payable

beginning of year $0
24 · Unsecured notes and loans payable

beginning of year $0
27 · Net assets without donor restrictions

beginning of year $87,795,935 · end of year $90,612,815
28 · Net assets with donor restrictions

beginning of year $59,345 · end of year $55,488

Mission and programs · 2022

Mission

South Peninsula Hospital promotes community health and wellness by providing personalized, high-quality, locally coordinated healthcare.

Our 22 bed acute care hospital provided inpatient services to 665 patients for total patient days of 3,373 during FY23. Total outpatient visits for the year were 91,793 which includes 5,502 emergency room visits, 1,464 ambulatory surgery visits, and other outpatient services such as imaging, laboratory, physical therapy, infusion, chemotherapy, and sleep lab.

Expenses $56,360,856 · Revenue $83,513,387
The hospital operates several provider based clinics which include family medicine, orthopedics, general surgery, neurology, internal medicine, mental health, OBGYN, and urology. These various outpatient provider based clinics had 37,001 patient visits during FY23.

Expenses $21,186,426 · Revenue $12,890,575
The hospital operates a long term care facility that provides skilled nursing care to an average of 23 patients daily for a total of 8,398 resident days during FY23.

Expenses $6,568,828 · Revenue $9,267,807
Our Home Health division caring for patients in the home performed 4,168 home visits during the tax year.

Expenses $1,756,566 · Revenue $1,267,260

As filed on the 2022 return.

Listed in Part VII

Brent Adcox

Orthopaedic Surgeon

Total calculated

$1,607,447

From this org

$1,601,347

From related orgs

$0

Other

$6,100

Hours/week

40

Schedule J breakdown matched by us

Base

$1,565,755

Bonus

$35,321

Other

$271

Deferred

$6,100

Nontaxable benefits

$52,546

Filer's total

$1,659,993
Edson Knapp

Director and Radiologist

Total calculated

$1,038,063

From this org

$1,031,963

From related orgs

$0

Other

$6,100

Hours/week

40

Schedule J breakdown matched by us

Base

$1,018,753

Bonus

$3,763

Other

$9,447

Deferred

$6,100

Nontaxable benefits

$53,030

Filer's total

$1,091,093
Ryan Smith

CEO

Total calculated

$551,976

From this org

$545,876

From related orgs

$0

Other

$6,100

Hours/week

40

Schedule J breakdown matched by us

Base

$428,927

Bonus

$106,435

Other

$10,514

Deferred

$6,100

Nontaxable benefits

$39,913

Filer's total

$591,889
Nathan Kincaid

Physician

Total calculated

$548,155

From this org

$542,055

From related orgs

$0

Other

$6,100

Hours/week

40

Schedule J breakdown matched by us

Base

$260,595

Bonus

$54,467

Other

$226,993

Deferred

$6,100

Nontaxable benefits

$44,995

Filer's total

$593,150
Michael Boiling

Director and General Surgeon

Total calculated

$545,278

From this org

$545,278

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$535,604

Bonus

$3,760

Other

$5,914

Deferred

$0

Nontaxable benefits

$52,730

Filer's total

$598,008
Christy Martinez

Physician

Total calculated

$477,307

From this org

$471,207

From related orgs

$0

Other

$6,100

Hours/week

40

Schedule J breakdown matched by us

Base

$390,551

Bonus

$79,983

Other

$673

Deferred

$6,100

Nontaxable benefits

$50,255

Filer's total

$527,562
Sarah Roberts

Physician

Total calculated

$473,510

From this org

$467,410

From related orgs

$0

Other

$6,100

Hours/week

40

Schedule J breakdown matched by us

Base

$394,531

Bonus

$72,499

Other

$380

Deferred

$6,100

Nontaxable benefits

$52,411

Filer's total

$525,921
Christopher Landess

ER Physician

Total calculated

$443,177

From this org

$437,077

From related orgs

$0

Other

$6,100

Hours/week

40

Schedule J breakdown matched by us

Base

$356,421

Bonus

$79,983

Other

$673

Deferred

$6,100

Nontaxable benefits

$50,255

Filer's total

$493,432
Christina Tuomi

CMO

Total calculated

$400,156

From this org

$394,056

From related orgs

$0

Other

$6,100

Hours/week

40

Schedule J breakdown matched by us

Base

$389,624

Bonus

$3,764

Other

$668

Deferred

$6,100

Nontaxable benefits

$50,102

Filer's total

$450,258
Angela Hinnegan

COO

Total calculated

$267,218

From this org

$261,118

From related orgs

$0

Other

$6,100

Hours/week

40

Schedule J breakdown matched by us

Base

$249,127

Bonus

$5,355

Other

$6,636

Deferred

$6,100

Nontaxable benefits

$30,285

Filer's total

$297,503
Rachael Kincaid

CNO

Total calculated

$210,964

From this org

$204,864

From related orgs

$0

Other

$6,100

Hours/week

40

Schedule J breakdown matched by us

Base

$200,440

Bonus

$3,763

Other

$661

Deferred

$6,100

Nontaxable benefits

$52,384

Filer's total

$263,348
Anna Hermanson

CFO

Total calculated

$164,521

From this org

$163,071

From related orgs

$0

Other

$1,450

Hours/week

40

Schedule J breakdown matched by us

Base

$155,428

Bonus

$7,014

Other

$629

Deferred

$1,450

Nontaxable benefits

$30,107

Filer's total

$194,628
Angela Johnson

CNO

Total calculated

$77,541

From this org

$77,394

From related orgs

$0

Other

$147

Hours/week

40

Schedule J breakdown matched by us

Base

$67,304

Bonus

$10,069

Other

$21

Deferred

$147

Nontaxable benefits

$2,933

Filer's total

$80,474
Kelly Cooper

President

Total calculated

$9,000

From this org

$9,000

From related orgs

$0

Other

$0

Hours/week

2
Julie Woodworth

Secretary

Total calculated

$7,500

From this org

$7,500

From related orgs

$0

Other

$0

Hours/week

2
Melissa Jacobsen

Director

Total calculated

$7,500

From this org

$7,500

From related orgs

$0

Other

$0

Hours/week

2
Bernadette Wilson

Director

Total calculated

$7,500

From this org

$7,500

From related orgs

$0

Other

$0

Hours/week

2
Walter Partridge

Treasurer

Total calculated

$7,500

From this org

$7,500

From related orgs

$0

Other

$0

Hours/week

2
Mary Wythe

Director

Total calculated

$6,000

From this org

$6,000

From related orgs

$0

Other

$0

Hours/week

2
Aaron Weisser

Vice President

Total calculated

$6,000

From this org

$6,000

From related orgs

$0

Other

$0

Hours/week

2
Kari-Ann Calderwood Baker

Director

Total calculated

$6,000

From this org

$6,000

From related orgs

$0

Other

$0

Hours/week

2
Matt Hambrick

Director

Total calculated

$6,000

From this org

$6,000

From related orgs

$0

Other

$0

Hours/week

2

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

1a · Tax indemnification and gross-up payments
1a · Health or social club dues or initiation fees
2 · Substantiation required before reimbursing expenses
3 · Form 990 of other organizations
3 · Written employment contract
3 · Compensation survey or study
3 · Approval by the board or compensation committee
4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan

Answered no

1b · Written policy on the line-1a expenses
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)

Schedule J, Part I, Line 1a: The hospital provides gift cards for special events. The taxes on those gift cards are grossed up and covered by the employer. The hospital also provides a wellness benefit, the use of local health facilities, and pays up to half of gym memberships through the wellness program not to exceed $400 per year for union employees and not to exceed $500 per year for managers and confidential employees.
Schedule J, Part I, Line 1b: Although the hospital does not have a written policy governing all fringe benefits, it does closely follow IRS guidelines for the treatment of those benefits and includes all applicable fringe benefits as taxable earrings and reports them on form W-2.
Schedule J, Part I, Line 3: The Board determines the CEO's compensation based on a comparative review of other facility's 990's and wage and compensation surveys done by various agencies including the Alaska Hospital and Healthcare Association.
Schedule J, Part I, Line 4: 4a Angela Johnson severance payment of 49,543. 4b Employees contribute to and participate in a nonqualified 457 compensation plan.

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

G Squared LLC

$78,458

Support for community MAPP program, mobilizing action through planning and partnerships, a coalition for health improvement on the peninsula. This program supports All Things Recovery.
Hospice of Homer

$43,200

Support for the hospice program and community resource for DME and end of life care.
Kachemak Bay Family Planning

$20,000

Support for private community STD testing.

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.

Kenai Peninsula Borough

115 · Local area government · AK
South Peninsula Hospital Foundation

501c3 · Fundraising and Community Health Support · AK

Provenance

Return type: form_990
Tax year: 2022
Filed: 26 April 2024
IRS schema version: 2022v5.0
Source object: 202411189349300506

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