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Nonprofiteer
← FREEMAN NEOSHO HOSPITAL

Form 990 for tax year 2023

Filed by FREEMAN NEOSHO HOSPITAL.

Totals

Total revenue
$37,028,095
Total expenses
$31,940,373
Contributions and grants received
$99,924
Grants paid
$7,950
Program service revenue
$34,291,727
Investment income
$2,581,715
Other revenue
$54,729
Total assets, end of year
$90,572,258
Total liabilities, end of year
$5,029,180
Net assets or fund balances, end of year
$85,543,078
Program services expenses (Part IX)
$26,110,299
Management and general expenses
$5,830,074
Fundraising expenses
$0
Program service expenses (Part III)
$26,110,299

Program services were 81.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Dr Larry Barnes

    Physician/Secretary

    Total calculated
    $266,434
    From this org
    $239,438
    From related orgs
    $0
    Other
    $26,996
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,012
    Bonus
    $68,926
    Other
    $52,500
    Deferred
    $5,889
    Nontaxable benefits
    $21,107
    Filer's total
    $266,434

  • Mitch McCumber

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Paula Baker

    President and CEO

    Total calculated
    $1,863,628
    From this org
    $365,066
    From related orgs
    $1,460,265
    Other
    $38,297
    Hours/week
    6 + 61.5 related

    Schedule J breakdown matched by us

    Base
    $252,081 + $1,008,323 related
    Bonus
    $102,485 + $409,942 related
    Other
    $10,500 + $42,000 related
    Deferred
    $1,830 + $7,320 related
    Nontaxable benefits
    $5,829 + $23,318 related
    Filer's total
    $372,725 + $1,490,903 related

  • Rudy Farber

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Dr Brady Hesington

    Physician/Director

    Total calculated
    $395,299
    From this org
    $356,728
    From related orgs
    $0
    Other
    $38,571
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $304,669
    Bonus
    $29,959
    Other
    $22,100
    Deferred
    $9,150
    Nontaxable benefits
    $29,421
    Filer's total
    $395,299

  • Dr Craig Pendergrass

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dr Kent Farnsworth

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gary Wasson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jim Armstrong

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steve Graddy

    CFO

    Total calculated
    $776,823
    From this org
    $123,922
    From related orgs
    $619,612
    Other
    $33,289
    Hours/week
    10 + 50 related

    Schedule J breakdown matched by us

    Base
    $50,482 + $452,411 related
    Bonus
    $28,847 + $144,235 related
    Other
    $44,593 + $22,966 related
    Deferred
    $1,525 + $7,625 related
    Nontaxable benefits
    $4,023 + $20,116 related
    Filer's total
    $129,470 + $647,353 related

  • Renee Denton

    Chief Operating Officer

    Total calculated
    $232,909
    From this org
    $195,563
    From related orgs
    $0
    Other
    $37,346
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $153,173
    Bonus
    $26,868
    Other
    $15,522
    Deferred
    $5,904
    Nontaxable benefits
    $31,442
    Filer's total
    $232,909

  • Adam James Field DO

    Physician

    Total calculated
    $330,493
    From this org
    $298,028
    From related orgs
    $0
    Other
    $32,465
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $263,729
    Bonus
    $18,000
    Other
    $16,299
    Deferred
    $8,497
    Nontaxable benefits
    $23,968
    Filer's total
    $330,493

  • Benjamin Hogan Cesarz DO

    Physician

    Total calculated
    $483,390
    From this org
    $441,811
    From related orgs
    $23,500
    Other
    $18,079
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $408,702 + $23,500 related
    Bonus
    $33,109
    Other
    $0
    Deferred
    $8,693 + $457 related
    Nontaxable benefits
    $8,483 + $446 related
    Filer's total
    $458,987 + $24,403 related

  • Douglas McDonald

    Physician

    Total calculated
    $656,600
    From this org
    $374,469
    From related orgs
    $249,646
    Other
    $32,485
    Hours/week
    31 + 30 related

    Schedule J breakdown matched by us

    Base
    $372,173 + $204,042 related
    Bonus
    $0 + $44,073 related
    Other
    $2,296 + $1,531 related
    Deferred
    $0
    Nontaxable benefits
    $19,491 + $12,994 related
    Filer's total
    $393,960 + $262,640 related

  • Ernest Samuel Holmes MD

    Physician

    Total calculated
    $645,418
    From this org
    $614,219
    From related orgs
    $0
    Other
    $31,199
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $430,453
    Bonus
    $183,766
    Other
    $0
    Deferred
    $9,150
    Nontaxable benefits
    $22,049
    Filer's total
    $645,418

  • Michael Jay Pace DO

    Physician

    Total calculated
    $490,732
    From this org
    $474,441
    From related orgs
    $0
    Other
    $16,291
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $430,765
    Bonus
    $43,676
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $16,291
    Filer's total
    $490,732

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 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 6a Compensation contingent on 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 FORM 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.

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

No itemized grants to organizations 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.

Related partnerships

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

Provenance

Return type
form_990
Tax year
2023
Filed
7 February 2025
IRS schema version
2023v6.0
Source object
202540389349300329

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