Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $4,430,760

• 1f · All other contributions, gifts and grants

  $229,842

• 1g · Noncash contributions included above

  $205,273

• 2a · Program service revenue: MEDICAID

  total $3,654,104 · related or exempt $3,654,104

• 2b · Program service revenue: OTHER THIRD-PARTY PAYORS

  total $1,797,408 · related or exempt $1,797,408

• 2c · Program service revenue: 340B PHARMACY

  total $1,335,993 · related or exempt $1,335,993

• 2d · Program service revenue: SELF-PAY

  total $829,754 · related or exempt $829,754

• 2e · Program service revenue: MEDICARE

  total $272,469 · related or exempt $272,469

• 3 · Investment income

  total $18,549 · excluded $18,549

• 6a · Gross rents

  real property $46,941

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $46,941

• 6d · Net rental income or loss

  total $46,941 · excluded $46,941

• 7a · Gross sales of assets other than inventory

  securities $154,284

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

  securities $157,123

• 7c · Gain or loss

  securities -$2,839

• 7d · Net gain or loss

  total -$2,839 · excluded -$2,839

• 11a · Other revenue: KUMED FELLOWSHIP

  total $18,333 · related or exempt $18,333

• 11d · All other revenue

  total $24,380 · related or exempt $24,380

• 11e · Other revenue, total

  $42,713

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $12,919 · program services $12,919

• 5 · Compensation of officers, directors and key employees

  total $237,937 · program services $181,398 · management and general $56,539

• 7 · Other salaries and wages

  total $8,204,134 · program services $6,281,400 · management and general $1,922,734

• 8 · Pension plan contributions

  total $8,561 · program services $6,192 · management and general $2,369

• 9 · Other employee benefits

  total $311,074 · program services $225,006 · management and general $86,068

• 10 · Payroll taxes

  total $710,316 · program services $513,784 · management and general $196,532

• 11b · Fees: legal

  total $117,751 · management and general $117,751

• 11c · Fees: accounting

  total $133,106 · management and general $133,106

• 11g · Fees: other

  total $710,242 · program services $663,451 · management and general $46,791

• 12 · Advertising and promotion

  total $13,624 · management and general $13,624

• 13 · Office expenses

  total $386,409 · program services $228,611 · management and general $157,798

• 14 · Information technology

  total $11,884 · program services $4,146 · management and general $7,738

• 16 · Occupancy

  total $782,324 · program services $668,634 · management and general $113,690

• 17 · Travel

  total $73,984 · program services $54,991 · management and general $18,993

• 19 · Conferences, conventions and meetings

  total $29,691 · program services $21,058 · management and general $8,633

• 20 · Interest

  total $94,672 · program services $19,031 · management and general $75,641

• 22 · Depreciation, depletion and amortization

  total $278,797 · management and general $278,797

• 23 · Insurance

  total $79,500 · management and general $79,500

• 24a · Other expenses: MEDICAL SUPPLIES

  total $1,328,097 · program services $1,327,795 · management and general $302

• 24b · Other expenses: REPAIRS AND MAINTENANCE

  total $129,807 · program services $42,211 · management and general $87,596

• 24c · Other expenses: LICENSES AND DUES

  total $105,968 · program services $34,592 · management and general $71,376

• 24d · Other expenses: RECRUITING

  total $3,100 · management and general $3,100

• 24e · All other expenses

  total $11,230 · program services $6,829 · management and general $4,401

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,110,577 · end of year $552,323

• 2 · Savings and temporary cash investments

  beginning of year $259,878 · end of year $475,250

• 3 · Pledges and grants receivable

  beginning of year $388,851 · end of year $199,169

• 4 · Accounts receivable

  beginning of year $2,103,711 · end of year $1,037,804

• 8 · Inventories for sale or use

  beginning of year $76,233 · end of year $101,253

• 9 · Prepaid expenses and deferred charges

  beginning of year $190,810 · end of year $19,385

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

  $3,866,412

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

  $1,872,430

• 10c · Land, buildings and equipment, net

  beginning of year $2,294,185 · end of year $1,993,982

• 11 · Investments: publicly traded securities

  beginning of year $149,445

• 14 · Intangible assets

  beginning of year $1,588,723 · end of year $1,300,097

• 15 · Other assets

  beginning of year $110,400 · end of year $110,400

• 17 · Accounts payable and accrued expenses

  beginning of year $2,298,028 · end of year $1,347,397

• 19 · Deferred revenue

  beginning of year $228,443 · end of year $189,385

• 23 · Secured mortgages and notes payable

  beginning of year $1,233,574 · end of year $1,241,828

• 25 · Other liabilities

  beginning of year $1,394,501 · end of year $1,004,541

• 27 · Net assets without donor restrictions

  beginning of year $2,595,045 · end of year $1,908,136

• 28 · Net assets with donor restrictions

  beginning of year $523,222 · end of year $98,376

The filer's explanations (Part III)

PART I, LINE 7

INCLUDED ON SCHEDULE J, PART II, COLUMN B(II) ARE AMOUNTS REPRESENTING PERFORMANCE INCENTIVES FOR PHYSICIANS BASED ON ACTUAL PRODUCTION INCLUDED IN CONTRACTUAL AGREEMENTS.