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← FLOYD HEALTH CARE FOUNDATION INC FLOYD MEDICAL CENTER

Form 990 for tax year 2023

Filed by FLOYD HEALTH CARE FOUNDATION INC FLOYD MEDICAL CENTER.

Totals

Total revenue
$520,914
Total expenses
$151,622
Contributions and grants received
$400,841
Grants paid
$129,845
Program service revenue
$0
Investment income
$120,073
Other revenue
$0
Total assets, end of year
$3,641,696
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,641,696
Program services expenses (Part IX)
$129,845
Management and general expenses
$21,777
Fundraising expenses
$0
Program service expenses (Part III)
$129,845

Program services were 85.6% 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.

  • 1f · All other contributions, gifts and grants

    $400,841

  • 3 · Investment income

    total $73,929 · excluded $73,929

  • 7a · Gross sales of assets other than inventory

    securities $431,287

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

    securities $385,143

  • 7c · Gain or loss

    securities $46,144

  • 7d · Net gain or loss

    total $46,144 · excluded $46,144

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $129,845 · program services $129,845

  • 11f · Fees: investment management

    total $13,150 · management and general $13,150

  • 11g · Fees: other

    total $4,735 · management and general $4,735

  • 13 · Office expenses

    total $2,501 · management and general $2,501

  • 19 · Conferences, conventions and meetings

    total $664 · management and general $664

  • 24a · Other expenses: OTHER

    total $727 · management and general $727

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,173,059 · end of year $1,453,999

  • 12 · Investments: other securities

    beginning of year $2,099,345 · end of year $2,187,697

  • 27 · Net assets without donor restrictions

    beginning of year $1,163,065 · end of year $1,205,481

  • 28 · Net assets with donor restrictions

    beginning of year $2,109,339 · end of year $2,436,215

Mission and programs · 2023

Mission

QUALITY HEALTH CARE THAT IS COMPASSIONATE AND WITHOUT BARRIERS IS CRITICAL TO THE COMMUNITIES WE SERVE. FLOYD HEALTHCARE FOUNDATION HELPS TO ENSURE THAT EXCELLENT CARE IS AVAILABLE AT THE FLOYD MEDICAL CENTER BY DEVELOPING A NETWORK OF FRIENDS AND CORPORATE SUPPORTERS WHO EMBRACE THAT PHILOSOPHY AND WORK TO MAKE IT A REALITY.

  • THE ORGANIZATION'S FOCUS IS ON THE FUTURE - SMOKING AND VAPING CESSATION, COMMUNITY HOSPITAL CARE, KIKI'S KID CAMP - CAMP ACTIVITIES AND EDUCATION FOR CHILDREN WITH DIABETES, CANCER AWARENESS EVENT, NICU CAMPAIGN, AND SPIRIT SPECIAL PROJECT.

    Expenses $129,845 · Grants $129,845

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kurt Stuenkel

    HOSPITAL CEO

    Total calculated
    $1,697,674
    From this org
    $0
    From related orgs
    $1,644,840
    Other
    $52,834
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $1,067,111 related
    Bonus
    not reported + $549,763 related
    Other
    not reported + $27,966 related
    Deferred
    not reported + $23,100 related
    Nontaxable benefits
    not reported + $29,734 related
    Filer's total
    not reported + $1,697,674 related

  • E Clarice Cable

    FORMER OFFIC

    Total calculated
    $459,815
    From this org
    $0
    From related orgs
    $408,476
    Other
    $51,339

    Schedule J breakdown matched by us

    Base
    not reported + $299,856 related
    Bonus
    not reported + $72,223 related
    Other
    not reported + $36,397 related
    Deferred
    not reported + $10,048 related
    Nontaxable benefits
    not reported + $41,291 related
    Filer's total
    not reported + $459,815 related

  • Philip Wheeler

    CFO

    Total calculated
    $451,911
    From this org
    $0
    From related orgs
    $413,816
    Other
    $38,095
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $316,397 related
    Bonus
    not reported + $74,527 related
    Other
    not reported + $22,892 related
    Deferred
    not reported + $28,801 related
    Nontaxable benefits
    not reported + $9,294 related
    Filer's total
    not reported + $451,911 related

  • Karen Sablon

    DIRECTOR

    Total calculated
    $218,941
    From this org
    $0
    From related orgs
    $191,201
    Other
    $27,740
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $164,060 related
    Bonus
    not reported + $18,316 related
    Other
    not reported + $8,825 related
    Deferred
    not reported + $9,173 related
    Nontaxable benefits
    not reported + $18,567 related
    Filer's total
    not reported + $218,941 related

  • Lauren Adams

    FOUNDATION D

    Total calculated
    $162,311
    From this org
    $0
    From related orgs
    $141,499
    Other
    $20,812
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    not reported + $125,209 related
    Bonus
    not reported + $15,245 related
    Other
    not reported + $1,045 related
    Deferred
    not reported + $5,695 related
    Nontaxable benefits
    not reported + $15,117 related
    Filer's total
    not reported + $162,311 related

  • Ryan Earnest

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roger Goss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marc Hardeman

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mary Helen Heaner

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Abby Holcombe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Denise McKinney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paige Swiger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Temple

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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, PAGE 1, PART I, LINE 3
THE FILING ORGANIZATION RELIES ON METHODS USED BY HFMI, THE SOLE MEMBER, AND THE CHARLOTTE MECKENLENBURG HOSPITAL AUTHORITY TO ESTABLISH COMPENSATION FOR ALL OFFICERS. NONE OF THE OFFICERS ARE COMPENSATED DIRECTLY BY THE FILING ORGANIZATION.
SCHEDULE J, PAGE 1, PART I, LINE 4
E. CLARICE CABLE 0 18,823 0 KAREN SABLON 0 6,204 0
SCHEDULE J, PART III
CERTAIN DIRECTORS, OFFICERS AND KEY EMPLOYEES OF THE FILING ORGANIZATION PARTICIPATE IN AND/OR RECEIVE PAYMENTS FROM A NON-QUALIFIED DEFERRED COMPENSATION PLAN. THE DETERMINATION OF THE PAYMENT AMOUNT FROM A NON- QUALIFIED PLAN FOLLOWS THE EMPLOYMENT ORGANIZATION'S COMPENSATION PROCEDURES.

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.0
Source object
202443189349304884

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