Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $339,729

• 2a · Program service revenue: MANAGEMENT SERVICES REVENUE

  total $111,510,730 · related or exempt $111,510,730

• 2b · Program service revenue: MWHA PHYSICIAN PROGRAMS

  total $6,563,591 · related or exempt $6,563,591

• 2c · Program service revenue: AFFILIATE CAPTIVE INSURANCE

  total $3,626,015 · related or exempt $3,626,015

• 2d · Program service revenue: OTHER OPERATING INCOME

  total $2,514,883 · related or exempt $2,514,883

• 2e · Program service revenue: COLLECTION SERVICES

  total $241,191 · related or exempt $241,191

• 2f · All other program service revenue

  total $659,018 · related or exempt $659,018

• 3 · Investment income

  total $7,891,949 · excluded $7,891,949

• 7a · Gross sales of assets other than inventory

  securities $203,302,868

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

  securities $164,845,557

• 7c · Gain or loss

  securities $38,457,311

• 7d · Net gain or loss

  total $38,457,311 · excluded $38,457,311

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $267,970 · program services $267,970

• 5 · Compensation of officers, directors and key employees

  total $11,389,471 · program services $11,173,072 · management and general $161,730 · fundraising $54,669

• 7 · Other salaries and wages

  total $48,465,484 · program services $47,544,640 · management and general $688,210 · fundraising $232,634

• 8 · Pension plan contributions

  total $878,554 · program services $861,862 · management and general $12,475 · fundraising $4,217

• 9 · Other employee benefits

  total $5,118,275 · program services $5,021,027 · management and general $72,680 · fundraising $24,568

• 10 · Payroll taxes

  total $4,169,222 · program services $4,090,007 · management and general $59,203 · fundraising $20,012

• 11a · Fees: management

  total $478,102 · program services $469,018 · management and general $6,789 · fundraising $2,295

• 11b · Fees: legal

  total $1,542,230 · program services $1,512,927 · management and general $21,900 · fundraising $7,403

• 11c · Fees: accounting

  total $264,332 · program services $259,309 · management and general $3,754 · fundraising $1,269

• 11f · Fees: investment management

  total $477,807 · program services $468,729 · management and general $6,785 · fundraising $2,293

• 11g · Fees: other

  total $19,457,832 · program services $19,088,133 · management and general $276,301 · fundraising $93,398

• 12 · Advertising and promotion

  total $2,247,868 · program services $2,205,158 · management and general $31,920 · fundraising $10,790

• 13 · Office expenses

  total $2,951,617 · program services $2,895,536 · management and general $41,913 · fundraising $14,168

• 14 · Information technology

  total $15,230,704 · program services $14,941,321 · management and general $216,276 · fundraising $73,107

• 16 · Occupancy

  total $3,123,221 · program services $3,063,880 · management and general $44,350 · fundraising $14,991

• 17 · Travel

  total $624,981 · program services $613,106 · management and general $8,875 · fundraising $3,000

• 20 · Interest

  total $47,364 · program services $46,464 · management and general $673 · fundraising $227

• 22 · Depreciation, depletion and amortization

  total $10,145,103 · program services $9,952,347 · management and general $144,060 · fundraising $48,696

• 23 · Insurance

  total $2,119,215 · program services $2,078,950 · management and general $30,093 · fundraising $10,172

• 24a · Other expenses: LICENSES & PERMITS

  total $190,350 · program services $186,733 · management and general $2,703 · fundraising $914

• 24b · Other expenses: REPAIRS & MAINTENANCE

  total $137,570 · program services $134,957 · management and general $1,953 · fundraising $660

• 24c · Other expenses: COLLECTION COSTS

  total $9,168 · program services $8,994 · management and general $130 · fundraising $44

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $49,576,998 · end of year $80,949,738

• 2 · Savings and temporary cash investments

  beginning of year $884,083 · end of year $6,351,243

• 4 · Accounts receivable

  beginning of year $29,719,984 · end of year $11,101,711

• 8 · Inventories for sale or use

  beginning of year $1,221,864 · end of year $1,568,014

• 9 · Prepaid expenses and deferred charges

  beginning of year $12,227,937 · end of year $12,023,698

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

  $152,206,741

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

  $138,083,464

• 10c · Land, buildings and equipment, net

  beginning of year $24,712,261 · end of year $14,123,277

• 11 · Investments: publicly traded securities

  beginning of year $259,693,823 · end of year $265,091,846

• 12 · Investments: other securities

  beginning of year $277,179,045 · end of year $352,372,622

• 15 · Other assets

  beginning of year $0 · end of year $8,471,635

• 17 · Accounts payable and accrued expenses

  beginning of year $43,803,067 · end of year $47,569,017

• 23 · Secured mortgages and notes payable

  beginning of year $76,961,076 · end of year $75,161,214

• 25 · Other liabilities

  beginning of year $11,384,616 · end of year $4,774,741

• 27 · Net assets without donor restrictions

  beginning of year $505,122,338 · end of year $607,572,070

• 28 · Net assets with donor restrictions

  beginning of year $17,944,898 · end of year $16,976,742

The filer's explanations (Part III)

PART I, LINE 1A

PART I, LINE 1A - TRUSTEES WHO ARE UNCOMPENSATED VOLUNTEERS TRAVELING FOR BUSINESS RELATED REASONS ON BEHALF OF THE ORGANIZATION ARE REIMBURSED FOR THE COST OF SPOUSAL TRAVEL. REIMBURSEMENTS PAID FOR SPOUSAL TRAVEL ARE REIMBURSED AND REPORTED AS INCOME ON A FORM 1099 IN THE YEAR PAID. EXECUTIVES WHO ARE TRAVELING FOR BUSINESS RELATED REASONS ON BEHALF OF THE ORGANIZATION ARE REIMBURSED FOR THE COST OF SPOUSAL MEALS PROVIDED AND THE AMOUNT IS REPORTED AS INCOME ON THE EXECUTIVE'S W-2.

PART I, LINE 4B

MICHAEL MCDERMOTT RECEIVED A 457(F) DISTRIBUTION OF $337,412 CHRISTOPHER NEWMAN RECEIVED A 457(F) DISTRIBUTION OF $58,969 SEAN BARDEN RECEIVED A 457(F) DISTRIBUTION OF $120,427 TRAVIS TURNER RECEIVED A 457(F) DISTRIBUTION OF $59,377 ERIC FLETCHER RECEIVED A 457(F) DISTRIBUTION OF $59,041 GEOFFREY LAWSON RECEIVED A 457(F) DISTRIBUTION OF $33,425 STEPHEN MANDELL RECEIVED A 457(F) DISTRIBUTION OF $46,992 XAVIER RICHARDSON RECEIVED A 457(F) DISTRIBUTION OF $63,183 CATHLEEN YABLONSKI RECEIVED A 457(F) DISTRIBUTION OF $31,044 DAVID YI RECEIVED A 457(F) DISTRIBUTION OF $36,607 DANIEL WOODFORD RECEIVED A 457(F) DISTRIBUTION OF $19,310 LAUREN BLALOCK RECEIVED A 457(F) DISTRIBUTION OF $23,565 SANDRA BROWN RECEIVED A 457(F) DISTRIBUTION OF $23,340 SARAH OGLE RECEIVED A 457(F) DISTRIBUTION OF $13,486 ALAN EDWARDS RECEIVED A 457(F) DISTRIBUTION OF $30,359 CODY BLANKENSHIP RECEIVED A 457(F) DISTRIBUTION OF $16,944 TINA ERVIN RECEIVED A 457(F) DISTRIBUTION OF $22,316 RICHARD LEWIS RECEIVED A 457(F) DISTRIBUTION OF $30,912

PART I, LINE 7

PART I, LINE 7 - ALL EXECUTIVES HAVE AS A PART OF THEIR COMPENSATION A VARIABLE COMPONENT SUCH THAT THEY ARE ELIGIBLE TO RECEIVE A PERCENTAGE OF THEIR BASE PAY AS AN INCENTIVE FOR THE ACHIEVEMENT OF INDIVIDUAL AND CORPORATE GOALS AND OBJECTIVES.

SCHEDULE J

INDEPENDENT BOARD TRUSTEES RECEIVE NO COMPENSATION.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• MWHC SIR LLC

  MEDICAL MALPRACTICE SELF-INSURANCE SYSTEM · VA · income $3,660,792 · assets $0

  Directly controlled by MWHC

• MARY WASHINGTON HEALTH ALLIANCE LLC

  PHYSICIAN'S NETWORK · VA · income $7,288,591 · assets $10,072,052

  Directly controlled by MWHC

Related partnerships

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

• COMMONWEALTH IMAGING LLC

  RELATED · IMAGING · VA · 33.33% owned · share of income $24,629 · share of assets $31,377

  Directly controlled by MWHC SERVICES INC

• COWAN INVESTMENT PARTNERS LLC

  RELATED · REAL ESTATE · VA · 12.5% owned · share of income $109,519 · share of assets $115,784

  Directly controlled by MEDICORP PROPERTIES INC

• FREDERICKSBURG AMBULATORY SURGERY CENTER

  RELATED · SURGERY CTR · VA · 64% owned · share of income $2,036,194 · share of assets $176,617 · general or managing partner

  Directly controlled by MWHC CLINICAL SERVICES INC

• FREDERICKSBURG ENDOSCOPY CENTER LLC

  RELATED · ENDOSCOPY · VA · 51% owned · share of income $2,613,525 · share of assets $899,269

  Directly controlled by MWHC ENDOSCOPY HOLDINGS LLC

• MEDICAL IMAGING OF FREDERICKSBURG

  RELATED · IMAGING · VA · 51% owned · share of income $9,385,393 · share of assets $8,786,462 · general or managing partner

  Directly controlled by MWHC CLINICAL SERVICES INC

• MWHC ENDOSCOPY HOLDINGS LLC

  RELATED · ENDOSCOPY · VA · 60% owned · share of income $1,552,807 · share of assets $539,060 · general or managing partner

  Directly controlled by MWHC CLINICAL SERVICES INC

• SPOTSYLVANIA PARKWAY MEDICAL PLAZA LLC

  RELATED · REAL ESTATE · VA · 42.78% owned · share of income $263,469 · share of assets -$631,549

  Directly controlled by MEDICORP PROPERTIES INC

Related corporations and trusts

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

• FREDERICKSBURG PROFESSIONAL RISK EXCHANGE

  C · CAPTIVE INSURANCE · VA · 100% owned · share of income $1,050,113 · share of assets $14,948,771

  Directly controlled by MWHC

• MARY WASHINGTON HEALTHCARE SERVICES INC

  C · RETAIL MEDICAL · VA · 100% owned · share of income -$735,739 · share of assets $649,341

  Directly controlled by MWHC

• MARY WASHINGTON HEALTH PLAN INC

  C · HEALTH MAINTENANCE · VA · 100% owned · share of income $715,909 · share of assets $9,896,553

  Directly controlled by MWHC

• PINNACLE HEALTH CORPORATION

  C · HEALTH MANAGEMENT · VA · 100% owned · share of income -$36,321 · share of assets $273,085

  Directly controlled by MWHA