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Nonprofiteer
← COMMONWEALTH HEALTH CORPORATION INC

Form 990 for tax year 2022

Filed by COMMONWEALTH HEALTH CORPORATION INC.

Totals

Total revenue
$124,978,176
Total expenses
$123,911,670
Contributions and grants received
$1,292,132
Grants paid
$839,513
Program service revenue
$126,101,304
Investment income
-$3,423,873
Other revenue
$1,008,613
Total assets, end of year
$156,059,027
Total liabilities, end of year
$45,645,212
Net assets or fund balances, end of year
$110,413,815
Program services expenses (Part IX)
$97,286,852
Management and general expenses
$26,624,818
Fundraising expenses
$0
Program service expenses (Part III)
$97,286,852

Program services were 78.5% 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

    $574,475

  • 1e · Government grants (contributions)

    $717,657

  • 1f · All other contributions, gifts and grants

    $0

  • 2a · Program service revenue: PHYSICIAN SERVICES

    total $68,827,279 · related or exempt $68,827,279

  • 2b · Program service revenue: REHABILITATIVE SERVICES

    total $16,386,744 · related or exempt $16,386,744

  • 2c · Program service revenue: ADMINISTRATIVE PROGRAMS

    total $40,887,281 · related or exempt $37,497,618 · unrelated business $3,389,663

  • 3 · Investment income

    total $2,040,123 · excluded $2,040,123

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $323,384

  • 6b · Less rental expenses

    real property $161,413

  • 6c · Rental income or loss

    real property $161,971 · personal property $0

  • 6d · Net rental income or loss

    total $161,971 · excluded $161,971

  • 7a · Gross sales of assets other than inventory

    securities $60,522,911

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

    securities $65,986,907

  • 7c · Gain or loss

    securities -$5,463,996

  • 7d · Net gain or loss

    total -$5,463,996 · excluded -$5,463,996

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: CONTRACT LABOR

    total $846,642 · excluded $846,642

  • 11e · Other revenue, total

    $846,642

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $820,382 · program services $820,382

  • 2 · Grants to domestic individuals

    total $19,131 · program services $19,131

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $3,121,604 · program services $2,245,773 · management and general $875,831

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $72,792,641 · program services $58,197,774 · management and general $14,594,867

  • 8 · Pension plan contributions

    total $3,831,718 · program services $2,227,115 · management and general $1,604,603

  • 9 · Other employee benefits

    total $8,827,330 · program services $6,376,398 · management and general $2,450,932

  • 10 · Payroll taxes

    total $4,485,206 · program services $3,491,015 · management and general $994,191

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $697,955 · program services $697,955

  • 11c · Fees: accounting

    total $468,149 · program services $15,257 · management and general $452,892

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $16,144,034 · program services $12,004,125 · management and general $4,139,909

  • 12 · Advertising and promotion

    total $416,629 · program services $308,562 · management and general $108,067

  • 13 · Office expenses

    total $2,563,834 · program services $2,009,676 · management and general $554,158

  • 14 · Information technology

    total $673,726 · program services $504,927 · management and general $168,799

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $2,740,516 · program services $2,645,572 · management and general $94,944

  • 17 · Travel

    total $519,360 · program services $405,088 · management and general $114,272

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $761,282 · program services $674,607 · management and general $86,675

  • 23 · Insurance

    total $1,426,205 · program services $1,173,486 · management and general $252,719

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $3,106,899 · program services $3,106,899

  • 24b · Other expenses: TAXES AND LICENSES

    total $217,016 · program services $179,754 · management and general $37,262

  • 24c · Other expenses: DUES

    total $56,645 · program services $37,892 · management and general $18,753

  • 24d · Other expenses: EMPLOYEE RECRUITING EXPENSE

    total $220,209 · program services $145,464 · management and general $74,745

  • 24e · All other expenses

    total $1,199 · management and general $1,199

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $21,295,808 · end of year $20,788,036

  • 2 · Savings and temporary cash investments

    beginning of year $97,617,265 · end of year $101,949,107

  • 3 · Pledges and grants receivable

    beginning of year $3,851,553 · end of year $4,694,976

  • 4 · Accounts receivable

    beginning of year $7,007,277 · end of year $7,956,255

  • 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 $4,789,629 · end of year $5,743,667

  • 8 · Inventories for sale or use

    beginning of year $26,102 · end of year $17,317

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,139,703 · end of year $3,112,285

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

    $22,659,901

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

    $13,341,670

  • 10c · Land, buildings and equipment, net

    beginning of year $9,303,348 · end of year $9,318,231

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $230,857 · end of year $193,105

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end 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 $29,085,377 · end of year $29,973,691

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $15,945,284 · end of year $15,671,521

  • 27 · Net assets without donor restrictions

    beginning of year $102,516,929 · end of year $110,413,815

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

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 IMMEDIATE CARE CLINICS. 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, HEMOTOLOGY & ONCOLOGY, INFECTIOUS DISEASE, INTERNAL MEDICAL AND GENERAL MEDICINE. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.

    Expenses $64,300,972 · Revenue $68,827,279

  • 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 PATIENT BILLING, COLLECTIONS, ACCOUNTING, MATERIALS MANAGEMENT, ENGINEERING, SECURITY, HUMAN RESOURCES, INFORMATION SYSTEMS, AND ADMINISTRATIVE SUPPORT.

    Expenses $19,118,961 · Revenue $40,887,281

  • 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. THE CORPORATION ALSO HAS SIX OUTPATIENT REHABILITATION SITES THAT HELP PATIENTS, ATHLETES, AND WORKERS RECOVER FROM INJURY OR CHRONIC MOBILITY ISSUES.

    Expenses $13,866,919 · Revenue $16,386,744

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ms Connie D Smith

    PRESIDENT / CEO

    Total calculated
    $1,306,184
    From this org
    $1,285,993
    From related orgs
    $0
    Other
    $20,191
    Hours/week
    40 + 14 related

    Schedule J breakdown matched by us

    Base
    $992,844
    Bonus
    $0
    Other
    $293,149
    Deferred
    $0
    Nontaxable benefits
    $20,191
    Filer's total
    $1,306,184

  • Dr Narendra Nathoo

    PHYSICIAN

    Total calculated
    $1,193,368
    From this org
    $1,151,838
    From related orgs
    $0
    Other
    $41,530
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,148,226
    Bonus
    $0
    Other
    $3,612
    Deferred
    $9,150
    Nontaxable benefits
    $32,380
    Filer's total
    $1,193,368

  • Dr Onyeoziri Nwanguma

    PHYSICIAN

    Total calculated
    $870,171
    From this org
    $828,995
    From related orgs
    $0
    Other
    $41,176
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $825,383
    Bonus
    $0
    Other
    $3,612
    Deferred
    $9,150
    Nontaxable benefits
    $32,026
    Filer's total
    $870,171

  • Dr Wallace Carter

    PHYSICIAN

    Total calculated
    $838,400
    From this org
    $806,386
    From related orgs
    $0
    Other
    $32,014
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $801,256
    Bonus
    $0
    Other
    $5,130
    Deferred
    $0
    Nontaxable benefits
    $32,014
    Filer's total
    $838,400

  • Dr Paul M Moore

    PHYSICIAN

    Total calculated
    $834,031
    From this org
    $811,534
    From related orgs
    $0
    Other
    $22,497
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $806,404
    Bonus
    $0
    Other
    $5,130
    Deferred
    $0
    Nontaxable benefits
    $22,497
    Filer's total
    $834,031

  • Dr Magendran Danapal

    PHYSICIAN

    Total calculated
    $818,463
    From this org
    $781,128
    From related orgs
    $0
    Other
    $37,335
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $779,760
    Bonus
    $0
    Other
    $1,368
    Deferred
    $9,150
    Nontaxable benefits
    $28,185
    Filer's total
    $818,463

  • Dr Paul Kelsey

    PHYSICIAN

    Total calculated
    $541,331
    From this org
    $500,155
    From related orgs
    $0
    Other
    $41,176
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $498,721
    Bonus
    $0
    Other
    $1,434
    Deferred
    $9,150
    Nontaxable benefits
    $32,026
    Filer's total
    $541,331

  • Mr Wade Stone

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $521,137
    From this org
    $501,132
    From related orgs
    $0
    Other
    $20,005
    Hours/week
    38 + 14 related

    Schedule J breakdown matched by us

    Base
    $471,203
    Bonus
    $0
    Other
    $29,929
    Deferred
    $0
    Nontaxable benefits
    $20,005
    Filer's total
    $521,137

  • Dr Hugh Sims

    DIRECTOR / PHYSICIAN

    Total calculated
    $439,892
    From this org
    $399,707
    From related orgs
    $0
    Other
    $40,185
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $399,707
    Bonus
    $0
    Other
    $0
    Deferred
    $9,150
    Nontaxable benefits
    $31,035
    Filer's total
    $439,892

  • Mr David Gray

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $429,151
    From this org
    $385,152
    From related orgs
    $0
    Other
    $43,999
    Hours/week
    38 + 14 related

    Schedule J breakdown matched by us

    Base
    $376,518
    Bonus
    $0
    Other
    $8,634
    Deferred
    $9,150
    Nontaxable benefits
    $34,849
    Filer's total
    $429,151

  • Ms Michele W Lawless

    EXECUTIVE VICE PRESIDENT & CFO

    Total calculated
    $425,240
    From this org
    $421,749
    From related orgs
    $0
    Other
    $3,491
    Hours/week
    38 + 14 related

    Schedule J breakdown matched by us

    Base
    $415,047
    Bonus
    $0
    Other
    $6,702
    Deferred
    $0
    Nontaxable benefits
    $3,491
    Filer's total
    $425,240

  • Ms Katrina Wood

    VP/ CHIEF NURSING OFFICER

    Total calculated
    $254,718
    From this org
    $0
    From related orgs
    $219,378
    Other
    $35,340
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $216,316 related
    Bonus
    $0
    Other
    $0 + $3,062 related
    Deferred
    $0 + $5,519 related
    Nontaxable benefits
    $0 + $29,821 related
    Filer's total
    $0 + $254,718 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

  • Dr Eli Jackson

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Ms Beverly Boren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Judge Michael Buchanon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Judge William Fuqua

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mr Tommy Holderfield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Mr Tommy Loving

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Dr Kal Sahetya

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Mr Tony Witty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Mr Brad Odil

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

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:
------------------------------- CERTAIN EXECUTIVES OF COMMONWEALTH HEALTH CORPORATION PARTICIPATED 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 $ 274,682 WADE STONE $ 27,694

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 $432,909 · assets $1,447,296

    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
2022
Filed
15 February 2024
IRS schema version
2022v5.0
Source object
202430459349300328

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