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Nonprofiteer
← COMMONWEALTH HEALTH CORPORATION INC

Form 990 for tax year 2023

Filed by COMMONWEALTH HEALTH CORPORATION INC.

Totals

Total revenue
$146,139,009
Total expenses
$141,569,052
Contributions and grants received
$597,862
Grants paid
$890,298
Program service revenue
$141,507,017
Investment income
$2,902,580
Other revenue
$1,131,550
Total assets, end of year
$168,380,650
Total liabilities, end of year
$38,378,582
Net assets or fund balances, end of year
$130,002,068
Program services expenses (Part IX)
$111,872,771
Management and general expenses
$29,696,281
Fundraising expenses
$0
Program service expenses (Part III)
$111,872,771

Program services were 79.0% 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.

  • 1d · Related organizations

    $597,862

  • 2a · Program service revenue: PHYSICIAN SERVICES

    total $80,518,015 · related or exempt $80,518,015

  • 2b · Program service revenue: REHABILITATIVE SERVICES

    total $17,976,243 · related or exempt $17,976,243

  • 2c · Program service revenue: ADMINISTRATIVE PROGAMS

    total $43,012,759 · related or exempt $39,768,310 · unrelated business $3,244,449

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $3,058,674 · excluded $3,058,674

  • 6a · Gross rents

    real property $349,737

  • 6b · Less rental expenses

    real property $145,517

  • 6c · Rental income or loss

    real property $204,220 · personal property $0

  • 6d · Net rental income or loss

    total $204,220 · excluded $204,220

  • 7a · Gross sales of assets other than inventory

    securities $32,825,001

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

    securities $32,981,095

  • 7c · Gain or loss

    securities -$156,094 · other assets $0

  • 7d · Net gain or loss

    total -$156,094 · excluded -$156,094

  • 11a · Other revenue: CONTRACT LABOR

    total $927,330 · excluded $927,330

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $927,330

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $866,626 · program services $866,626

  • 2 · Grants to domestic individuals

    total $23,672 · program services $23,672

  • 5 · Compensation of officers, directors and key employees

    total $3,857,251 · program services $1,106,105 · management and general $2,751,146 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $459,804 · program services $459,804

  • 7 · Other salaries and wages

    total $81,735,283 · program services $67,469,964 · management and general $14,265,319

  • 8 · Pension plan contributions

    total $4,105,966 · program services $2,746,678 · management and general $1,359,288

  • 9 · Other employee benefits

    total $9,537,815 · program services $6,921,347 · management and general $2,616,468

  • 10 · Payroll taxes

    total $4,993,482 · program services $4,003,699 · management and general $989,783

  • 11b · Fees: legal

    total $761,319 · program services $761,319

  • 11c · Fees: accounting

    total $474,390 · program services $15,679 · management and general $458,711

  • 11g · Fees: other

    total $19,510,545 · program services $15,170,242 · management and general $4,340,303 · fundraising $0

  • 12 · Advertising and promotion

    total $441,088 · program services $323,438 · management and general $117,650

  • 13 · Office expenses

    total $2,895,177 · program services $2,185,985 · management and general $709,192

  • 14 · Information technology

    total $1,195,457 · program services $445,691 · management and general $749,766

  • 16 · Occupancy

    total $2,965,195 · program services $2,868,022 · management and general $97,173

  • 17 · Travel

    total $649,226 · program services $357,360 · management and general $291,866

  • 20 · Interest

    total $110 · management and general $110

  • 22 · Depreciation, depletion and amortization

    total $775,317 · program services $651,638 · management and general $123,679

  • 23 · Insurance

    total $2,068,030 · program services $1,536,623 · management and general $531,407

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $3,534,963 · program services $3,534,963

  • 24b · Other expenses: TAXES AND LICENSES

    total $359,345 · program services $179,438 · management and general $179,907

  • 24c · Other expenses: EMPLOYEE RECRUITING EXPENSE

    total $286,923 · program services $196,004 · management and general $90,919

  • 24d · Other expenses: DUES

    total $69,084 · program services $46,549 · management and general $22,535

  • 24e · All other expenses

    total $2,984 · program services $1,925 · management and general $1,059 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20,788,036 · end of year $16,870,444

  • 2 · Savings and temporary cash investments

    beginning of year $101,949,107 · end of year $115,422,748

  • 3 · Pledges and grants receivable

    beginning of year $4,694,976 · end of year $3,989,582

  • 4 · Accounts receivable

    beginning of year $7,956,255 · end of year $10,330,848

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $5,743,667 · end of year $6,682,616

  • 8 · Inventories for sale or use

    beginning of year $17,317 · end of year $14,572

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,112,285 · end of year $3,569,515

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

    $20,841,872

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

    $11,853,283

  • 10c · Land, buildings and equipment, net

    beginning of year $9,318,231 · end of year $8,988,589

  • 12 · Investments: other securities

    beginning of year $193,105 · end of year $225,688

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $2,286,048 · end of year $2,286,048

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,973,691 · end of year $23,147,718

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $15,671,521 · end of year $15,230,864

  • 27 · Net assets without donor restrictions

    beginning of year $110,413,815 · end of year $130,002,068

Mission and programs · 2023

Mission

MED CENTER HEALTH IS AN INTEGRATED HEALTHCARE SYSTEM WITH A MISSION TO CARE FOR PEOPLE AND IMPROVE THE QUALITY OF LIFE IN THE COMMUNITIES WE SERVE.

  • PHYSICIAN SERVICES: MED CENTER HEALTH'S (MCH) INTEGRATED CARE SYSTEM INCLUDES SIX HOSPITALS, PROMOTING HEALTHCARE IN SOUTH-CENTRAL KENTUCKY BY OWNING AND MANAGING PHYSICIAN PRACTICES AND AN IMMEDIATE CARE CLINIC. THE PHYSICIAN PRACTICES COVER A WIDE RANGE OF MEDICAL SPECIALTIES, INCLUDING ORTHOPAEDIC, VASCULAR AND CARDIOTHORACIC SURGERY, OTORHIOLARYNGOLOGY (ENT), NEUROLOGY & NEUROSURGERY, HOSPITALISTS, OBSTETRICS, GYNECOLOGY, GENERAL SURGERY, BARIACTRIC SURGERY, HEMATOLOGY & ONCOLOGY, INFECTIOUS DISEASE, INTERNAL MEDICAL AND GENERAL MEDICINE. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.

    Expenses $76,040,269 · Grants $890,298 · Revenue $80,518,015

  • ADMINISTRATIVE PROGRAMS: MCH IS A HOLDING COMPANY FOR A TOTAL OF TWELVE NONPROFIT AND FOR-PROFIT CORPORATIONS AND PARTNERSHIPS (COLLECTIVELY, THE "AFFILIATES") ENGAGED IN VARIOUS ASPECTS OF THE HEALTHCARE INDUSTRY. MCH OPERATES AND PROVIDES VARIOUS CORPORATE SUPPORT SERVICES FOR AFFILIATES INCLUDING BUT NOT LIMITED TO PATIENT BILLING, COLLECTIONS, ACCOUNTING, MATERIALS MANAGEMENT, ENGINEERING, SECURITY, HUMAN RESOURCES, INFORMATION SYSTEMS, AND ADMINISTRATIVE SUPPORT.

    Expenses $20,726,249 · Revenue $39,768,310

  • REHABILITATIVE SERVICES: MCH PROMOTES HEALTHCARE IN SOUTH-CENTRAL KENTUCKY BY OPERATING A COMPREHENSIVE REHABILITATION FACILITY WHICH OFFERS PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPY. IN ADDITION, THE CORPORATION PROVIDES STAFFING FOR THERAPY SERVICES IN A RELATED HOME HEALTH AGENCY, TWO ACUTE CARE HOSPITALS, THREE CRITICAL ACCESS HOSPITALS, A LONG-TERM ACUTE CARE HOSPITAL, AND ONE NURSING CARE FACILITY.

    Expenses $15,106,253 · Revenue $17,976,243

As filed on the 2023 return.

Listed in Part VII

  • Dr Eli Jackson

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Mr Joe Natcher

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Mrs Cathy Bishop

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Ms Connie D Smith

    PRESIDENT / CEO

    Total calculated
    $1,436,253
    From this org
    $1,317,162
    From related orgs
    $0
    Other
    $119,091
    Hours/week
    40 + 14 related

    Schedule J breakdown matched by us

    Base
    $1,036,405
    Bonus
    $0
    Other
    $280,757
    Deferred
    $98,270
    Nontaxable benefits
    $20,821
    Filer's total
    $1,436,253

  • Dr GHAYTH HAMMAD

    DIRECTOR

    Total calculated
    $4,000
    From this org
    $0
    From related orgs
    $4,000
    Other
    $0
    Hours/week
    2 + 4 related

  • Dr Hugh Sims

    DIRECTOR / PHYSICIAN

    Total calculated
    $471,178
    From this org
    $428,455
    From related orgs
    $0
    Other
    $42,723
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $428,455
    Bonus
    $0
    Other
    $0
    Deferred
    $9,900
    Nontaxable benefits
    $32,823
    Filer's total
    $471,178

  • Dr Kal Sahetya

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Judge Michael Buchanon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Judge William Fuqua

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mr Brad Odil

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Mr Tommy Holderfield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Mr Tommy Loving

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Mr Tony Witty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Ms Beverly Boren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Mr David Gray

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $520,051
    From this org
    $427,268
    From related orgs
    $0
    Other
    $92,783
    Hours/week
    38 + 14 related

    Schedule J breakdown matched by us

    Base
    $418,139
    Bonus
    $0
    Other
    $9,129
    Deferred
    $57,983
    Nontaxable benefits
    $34,800
    Filer's total
    $520,051

  • Mr Wade Stone

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $500,444
    From this org
    $438,705
    From related orgs
    $0
    Other
    $61,739
    Hours/week
    38 + 14 related

    Schedule J breakdown matched by us

    Base
    $435,730
    Bonus
    $0
    Other
    $2,975
    Deferred
    $44,704
    Nontaxable benefits
    $17,035
    Filer's total
    $500,444

  • Ms Katrina Wood

    EVP/ CHIEF NURSING OFFICER

    Total calculated
    $296,006
    From this org
    $0
    From related orgs
    $258,853
    Other
    $37,153
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $255,207 related
    Bonus
    $0
    Other
    $0 + $3,646 related
    Deferred
    $0 + $6,499 related
    Nontaxable benefits
    $0 + $30,654 related
    Filer's total
    $0 + $296,006 related

  • Ms Michele W Lawless

    EXECUTIVE VICE PRESIDENT & CFO

    Total calculated
    $529,278
    From this org
    $481,930
    From related orgs
    $0
    Other
    $47,348
    Hours/week
    38 + 14 related

    Schedule J breakdown matched by us

    Base
    $475,135
    Bonus
    $0
    Other
    $6,795
    Deferred
    $43,823
    Nontaxable benefits
    $3,525
    Filer's total
    $529,278

  • Dr Paul Kelsey

    PHYSICIAN

    Total calculated
    $634,927
    From this org
    $593,084
    From related orgs
    $0
    Other
    $41,843
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $591,650
    Bonus
    $0
    Other
    $1,434
    Deferred
    $9,900
    Nontaxable benefits
    $31,943
    Filer's total
    $634,927

  • Dr Diego Cabrera Fernandez

    PHYSICIAN

    Total calculated
    $810,337
    From this org
    $772,562
    From related orgs
    $0
    Other
    $37,775
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $771,194
    Bonus
    $0
    Other
    $1,368
    Deferred
    $9,900
    Nontaxable benefits
    $27,875
    Filer's total
    $810,337

  • Dr Narendra Nathoo

    PHYSICIAN

    Total calculated
    $1,395,081
    From this org
    $1,352,213
    From related orgs
    $0
    Other
    $42,868
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,348,601
    Bonus
    $0
    Other
    $3,612
    Deferred
    $9,900
    Nontaxable benefits
    $32,968
    Filer's total
    $1,395,081

  • Dr Onyeoziri Nwanguma

    PHYSICIAN

    Total calculated
    $818,960
    From this org
    $776,446
    From related orgs
    $0
    Other
    $42,514
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $772,834
    Bonus
    $0
    Other
    $3,612
    Deferred
    $9,900
    Nontaxable benefits
    $32,614
    Filer's total
    $818,960

  • Dr Paul M Moore

    PHYSICIAN

    Total calculated
    $833,597
    From this org
    $811,094
    From related orgs
    $0
    Other
    $22,503
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $805,964
    Bonus
    $0
    Other
    $5,130
    Deferred
    $0
    Nontaxable benefits
    $22,503
    Filer's total
    $833,597

  • Dr Wallace Carter

    PHYSICIAN

    Total calculated
    $1,013,920
    From this org
    $991,404
    From related orgs
    $0
    Other
    $22,516
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $982,248
    Bonus
    $0
    Other
    $9,156
    Deferred
    $0
    Nontaxable benefits
    $22,516
    Filer's total
    $1,013,920

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
  • 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, Part I, Line 4b Supplemental nonqualified retirement plan
Certain executives of Commonwealth Health Corporation participate in a supplemental retirement plan. The current year increase in the accrued benefit, as actuarially determined, is reported as compensation. The following are the individuals participating in the plan and the current year increases reported as compensation: Connie Smith $262,117 Wade Stone $ -0-

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.

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.

Disregarded entities

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

  • BLUEGRASS OUTPATIENT CTR BOWLING GREEN

    OUTPATIENT · KY · income $566,453 · assets $1,698,615

    Directly controlled by NA

Related partnerships

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

  • MEDICAL PLAZA PARTNERS

    REAL ESTATE · KY

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
14 February 2025
IRS schema version
2023v6.0
Source object
202510459349301081

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