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Nonprofiteer
← NEWTON HEALTHCARE CORPORATION

Form 990 for tax year 2024

Filed by NEWTON HEALTHCARE CORPORATION.

Totals

Total revenue
$120,212,614
Total expenses
$112,699,943
Contributions and grants received
$1,671,881
Grants paid
$0
Program service revenue
$106,197,553
Investment income
$1,535,763
Other revenue
$10,807,417
Total assets, end of year
$122,427,203
Total liabilities, end of year
$21,500,342
Net assets or fund balances, end of year
$100,926,861
Program services expenses (Part IX)
$88,617,167
Management and general expenses
$24,082,776
Fundraising expenses
$0
Program service expenses (Part III)
$88,617,167

Program services were 78.6% 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.

  • 1e · Government grants (contributions)

    $1,233,884

  • 1f · All other contributions, gifts and grants

    $437,997

  • 2a · Program service revenue: PATIENT SERVICES

    total $57,352,582 · related or exempt $57,352,582

  • 2b · Program service revenue: MEDICARE/MEDICAID PMTS

    total $48,057,234 · related or exempt $48,057,234

  • 2c · Program service revenue: DIETARY SERVICES

    total $638,337 · excluded $638,337

  • 2d · Program service revenue: NON-PATIENT SERVICES

    total $149,400 · related or exempt $149,400

  • 3 · Investment income

    total $1,386,940 · excluded $1,386,940

  • 7a · Gross sales of assets other than inventory

    securities $19,047,369

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

    securities $18,891,494 · other assets $7,052

  • 7c · Gain or loss

    securities $155,875 · other assets -$7,052

  • 7d · Net gain or loss

    total $148,823 · related or exempt $148,823

  • 11a · Other revenue: KS MEDICAID ACCESS PMTS

    total $8,907,415 · related or exempt $8,907,415

  • 11b · Other revenue: RENTS

    total $1,265,320 · related or exempt $1,265,320

  • 11c · Other revenue: FEES

    total $503,917 · related or exempt $503,917

  • 11d · All other revenue

    total $130,765 · excluded $130,765

  • 11e · Other revenue, total

    $10,807,417

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,709,181 · program services $649,853 · management and general $1,059,328

  • 7 · Other salaries and wages

    total $48,945,285 · program services $43,173,430 · management and general $5,771,855

  • 8 · Pension plan contributions

    total $1,160,697 · program services $1,004,167 · management and general $156,530

  • 9 · Other employee benefits

    total $5,562,597 · program services $4,812,434 · management and general $750,163

  • 10 · Payroll taxes

    total $3,375,730 · program services $2,920,484 · management and general $455,246

  • 11b · Fees: legal

    total $207,521 · management and general $207,521

  • 11c · Fees: accounting

    total $45,725 · management and general $45,725

  • 11f · Fees: investment management

    total $118,659 · management and general $118,659

  • 11g · Fees: other

    total $9,662,477 · program services $6,577,400 · management and general $3,085,077

  • 12 · Advertising and promotion

    total $69,865 · management and general $69,865

  • 13 · Office expenses

    total $652,077 · program services $516,937 · management and general $135,140

  • 14 · Information technology

    total $3,539,685 · program services $393,765 · management and general $3,145,920

  • 16 · Occupancy

    total $1,167,761 · program services $584,686 · management and general $583,075

  • 17 · Travel

    total $49,295 · program services $39,800 · management and general $9,495

  • 19 · Conferences, conventions and meetings

    total $106,526 · program services $87,642 · management and general $18,884

  • 20 · Interest

    total $348,446 · program services $247,996 · management and general $100,450

  • 22 · Depreciation, depletion and amortization

    total $5,321,204 · program services $3,980,476 · management and general $1,340,728

  • 23 · Insurance

    total $1,200,161 · program services $405,080 · management and general $795,081

  • 24a · Other expenses: SUPPLIES

    total $18,536,036 · program services $18,194,291 · management and general $341,745

  • 24b · Other expenses: MISCELLANEOUS

    total $4,326,980 · program services $2,905,988 · management and general $1,420,992

  • 24c · Other expenses: MEDICAID ASSESSMENT

    total $3,887,297 · management and general $3,887,297

  • 24d · Other expenses: REPAIRS/MAINTENANCE

    total $1,907,822 · program services $1,469,752 · management and general $438,070

  • 24e · All other expenses

    total $798,916 · program services $652,986 · management and general $145,930

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,230,418 · end of year $4,097,849

  • 4 · Accounts receivable

    beginning of year $16,864,575 · end of year $21,611,919

  • 8 · Inventories for sale or use

    beginning of year $1,947,387 · end of year $2,121,264

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,435,418 · end of year $2,748,769

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

    $128,051,658

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

    $84,395,572

  • 10c · Land, buildings and equipment, net

    beginning of year $41,493,944 · end of year $43,656,086

  • 11 · Investments: publicly traded securities

    beginning of year $44,680,560 · end of year $47,615,925

  • 12 · Investments: other securities

    beginning of year $227,045 · end of year $227,688

  • 15 · Other assets

    beginning of year $428,378 · end of year $347,703

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,006,713 · end of year $10,813,998

  • 20 · Tax-exempt bond liabilities

    beginning of year $11,086,011 · end of year $9,178,031

  • 23 · Secured mortgages and notes payable

    beginning of year $487,076 · end of year $326,762

  • 25 · Other liabilities

    beginning of year $967,867 · end of year $1,181,551

  • 27 · Net assets without donor restrictions

    beginning of year $90,638,680 · end of year $100,797,078

  • 28 · Net assets with donor restrictions

    beginning of year $121,378 · end of year $129,783

Mission and programs · 2024

Mission

TO EXCEL IN PROVIDING HEALTHCARE BY UNDERSTANDING AND RESPONDING TO THE INDIVIDUAL NEEDS OF THOSE WE SERVE.

  • PATIENT SERVICES - NEWTON HEALTHCARE CORPORATION PROVIDES QUALITY MEDICAL AND SURGICAL SERVICES REGARDLESS OF THE PATIENT'S RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, AGE OR ABILITY TO PAY. IN FISCAL YEAR 2025, THE HOSPITAL PROVIDED 8,630 DAYS OF INPATIENT CARE TO 2,222 ACUTE PATIENTS; 1015 DAYS OF NURSERY CARE FOR 513 NEWBORNS; 2,225 DAYS OF INPATIENT REHABILITATIVE CARE TO 222 PATIENTS; 2,251 DAYS OF INPATIENT GERIATRIC PSYCH TO 134 GERIATRIC PATIENTS; AND 65,512 OUTPATIENT SERVICE VISITS.

    Expenses $86,910,433 · Revenue $115,746,354

  • DIETARY SERVICES - NEWTON HEALTHCARE CORPORATION MAINTAINS A HOSPITAL CAFETERIA FOR THE BENEFIT OF PATIENTS AND THEIR FAMILIES AND AS A CONVENIENCE TO ITS EMPLOYEES. IN ADDITION, 32,428 MEALS WERE PREPARED AND SOLD AT COST TO NEWTON MEALS ON WHEELS, A NONPROFIT ORGANIZATION. THIS PROGRAM PROVIDES MEALS TO COMMUNITY RESIDENTS UNABLE TO PREPARE THEIR OWN MEALS DUE TO MEDICAL CONDITIONS.

    Expenses $1,706,734 · Revenue $638,337

  • COMMUNITY SERVICES - NEWTON HEALTHCARE CORP OFFERS A NUMBER OF PROGRAMS AND SERVICES TO THE COMMUNITY AT MINIMAL OR NO COST IN ORDER TO PROMOTE HEALTH AND WELLNESS. ACTUAL COSTS FOR THESE SERVICES ARE NOT SPECIFICALLY IDENTIFIABLE AND ARE INCLUDED AS PART OF PATIENT SERVICES. SUCH PROGRAMS AND SERVICES INCLUDE ORGANIZING AND PARTICIPATING IN COMMUNITY HEALTH FAIRS; LOW-COST PROSTATE CANCER SCREENING PROGRAM; CHILD SAFETY SEAT CLINIC; CO-SPONSOR AND PROVIDE MEETING SPACE FOR SUPPORT GROUPS; OFFER A SEMI-WEEKLY WELL-BABY CLINIC FOR INFANTS UP TO 12 MONTHS OF AGE AT NO COST; SPONSOR VARIOUS COMMUNITY EVENTS.

As filed on the 2024 return.

Listed in Part VII

  • MATTHEW SCHMIDT

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    5

  • MARILYN WILDER

    VICE CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    5

  • RICHARD STINNETT

    SECRETARY OF THE BOARD

    Total calculated
    $0
    Hours/week
    5

  • CHRISTOPHER CONRADE

    PAST CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    5

  • JOHN MORTON

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    5

  • BARTH HAGUE

    CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    5

  • NANCY CRAIG

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    5

  • RON HARDER

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    5

  • GREG LEHR

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    5

  • CAROLYN MCGINN

    TREASURER OF THE BOARD

    Total calculated
    $0
    Hours/week
    5

  • RANDY TEGETHOFF

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    5

  • TAMI CARLGREN

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    5

  • JAME COPELAND

    ASSISTANT SECRETARY OF THE BOARD

    Total calculated
    $0
    Hours/week
    5

  • ROBERT PALMER

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    5

  • CASIE POWELL

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    5

  • COLIN WINDHAM MD

    BOARD OF DIRECTORS

    Total calculated
    $420,287
    From this org
    $396,360
    From related orgs
    $0
    Other
    $23,927
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $396,360
    Bonus
    $0
    Other
    $0
    Deferred
    $13,175
    Nontaxable benefits
    $10,752
    Filer's total
    $420,287

  • ROBERT DILLARD MD

    BOARD OF DIRECTORS

    Total calculated
    $7,500
    From this org
    $7,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • VALLERIE L GLEASON

    PRESIDENT/CEO

    Total calculated
    $522,264
    From this org
    $499,626
    From related orgs
    $0
    Other
    $22,638
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $477,738
    Bonus
    $0
    Other
    $21,888
    Deferred
    $14,244
    Nontaxable benefits
    $8,394
    Filer's total
    $522,264

  • TODD R KASITZ

    CFO

    Total calculated
    $283,262
    From this org
    $255,625
    From related orgs
    $0
    Other
    $27,637
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $255,625
    Bonus
    $0
    Other
    $0
    Deferred
    $10,909
    Nontaxable benefits
    $16,728
    Filer's total
    $283,262

  • TODD TANGEMAN

    COO

    Total calculated
    $231,567
    From this org
    $212,118
    From related orgs
    $0
    Other
    $19,449
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,118
    Bonus
    $0
    Other
    $0
    Deferred
    $8,697
    Nontaxable benefits
    $10,752
    Filer's total
    $231,567

  • HEATHER PORTER

    CHIEF CLINICAL OFFICER

    Total calculated
    $229,602
    From this org
    $210,113
    From related orgs
    $0
    Other
    $19,489
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,113
    Bonus
    $0
    Other
    $0
    Deferred
    $8,737
    Nontaxable benefits
    $10,752
    Filer's total
    $229,602

  • JAMES PIGG MD

    ORTHOPEDIC SURGEON

    Total calculated
    $1,138,933
    From this org
    $1,108,193
    From related orgs
    $0
    Other
    $30,740
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,108,193
    Bonus
    $0
    Other
    $0
    Deferred
    $14,000
    Nontaxable benefits
    $16,740
    Filer's total
    $1,138,933

  • JOHN MCEACHERN MD

    GENERAL SURGEON

    Total calculated
    $656,841
    From this org
    $630,359
    From related orgs
    $0
    Other
    $26,482
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $630,359
    Bonus
    $0
    Other
    $0
    Deferred
    $9,754
    Nontaxable benefits
    $16,728
    Filer's total
    $656,841

  • ABJEET KADAM MD

    ORTHOPEDIC SURGEON

    Total calculated
    $655,865
    From this org
    $625,652
    From related orgs
    $0
    Other
    $30,213
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $625,652
    Bonus
    $0
    Other
    $0
    Deferred
    $13,485
    Nontaxable benefits
    $16,728
    Filer's total
    $655,865

  • JESSICA BROZEK MD

    ORTHOPEDIC SURGEON

    Total calculated
    $600,952
    From this org
    $578,615
    From related orgs
    $0
    Other
    $22,337
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $578,615
    Bonus
    $0
    Other
    $0
    Deferred
    $14,045
    Nontaxable benefits
    $8,292
    Filer's total
    $600,952

  • FARIS AZZOUNI MD

    UROLOGIST

    Total calculated
    $560,383
    From this org
    $538,046
    From related orgs
    $0
    Other
    $22,337
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $538,046
    Bonus
    $0
    Other
    $0
    Deferred
    $14,045
    Nontaxable benefits
    $8,292
    Filer's total
    $560,383

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 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
EXECUTIVES AND EMPLOYED PHYSICIANS ARE ELIGIBLE TO PARTICIPATE IN THE ORGANIZATION'S 457(B) PLAN WHICH IS FUNDED THROUGH ELECTIVE DEFERRALS ONLY.
PART I, LINE 5
VARIOUS PHYSICIANS ARE ELIGIBLE FOR ADDITIONAL COMPENSATION BASED ON THE DIFFERENCE IN THEIR ANNUAL SALARY AND A COMBINATION OF WORKED RVU'S AND NET COLLECTIONS OF THEIR PRACTICE.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
7 May 2026
IRS schema version
2024v5.5
Source object
202621289349303267

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