Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $5,711,045

• 1f · All other contributions, gifts and grants

  $24,997,271

• 1g · Noncash contributions included above

  $24,997,271

• 2a · Program service revenue: HMO MEDICAL CENTERS

  total $499,618,341 · related or exempt $499,618,341

• 3 · Investment income

  total $1,648,363 · excluded $1,648,363

• 7a · Gross sales of assets other than inventory

  securities $29,335,561 · other assets $7,990

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

  securities $29,685,850 · other assets $0

• 7c · Gain or loss

  securities -$350,289 · other assets $7,990

• 7d · Net gain or loss

  total -$342,299 · excluded -$342,299

• 11a · Other revenue: INCENTIVE REVENUE

  total $11,356 · excluded $11,356

• 11b · Other revenue: RECOVERIES

  total $5,439 · excluded $5,439

• 11e · Other revenue, total

  $16,795

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $376,329 · program services $376,329

• 4 · Benefits paid to or for members

  total $377,216,945 · program services $377,216,945

• 5 · Compensation of officers, directors and key employees

  total $3,884,210 · program services $2,353,246 · management and general $1,530,964

• 7 · Other salaries and wages

  total $51,992,221 · program services $43,607,590 · management and general $8,384,631

• 8 · Pension plan contributions

  total $3,143,902 · program services $2,603,762 · management and general $540,140

• 9 · Other employee benefits

  total $15,822,057 · program services $12,942,075 · management and general $2,879,982

• 10 · Payroll taxes

  total $4,232,612 · program services $3,397,927 · management and general $834,685

• 11b · Fees: legal

  total $105,234 · program services $61,975 · management and general $43,259

• 11c · Fees: accounting

  total $160,817 · management and general $160,817

• 11d · Fees: lobbying

  total $60,151 · management and general $60,151

• 11f · Fees: investment management

  total $95,297 · management and general $95,297

• 11g · Fees: other

  total $9,778,325 · program services $8,695,494 · management and general $1,082,831

• 12 · Advertising and promotion

  total $1,167,602 · program services $154,074 · management and general $1,013,528

• 13 · Office expenses

  total $2,928,742 · program services $1,069,661 · management and general $1,859,081

• 14 · Information technology

  total $6,217,405 · program services $1,120,140 · management and general $5,097,265

• 16 · Occupancy

  total $3,153,371 · program services $1,014,306 · management and general $2,139,065

• 17 · Travel

  total $185,424 · program services $120,092 · management and general $65,332

• 19 · Conferences, conventions and meetings

  total $676,090 · program services $453,890 · management and general $222,200

• 20 · Interest

  total $716,256 · management and general $716,256

• 21 · Payments to affiliates

  total $393,620 · program services $174,399 · management and general $219,221

• 22 · Depreciation, depletion and amortization

  total $2,091,723 · program services $1,489,123 · management and general $602,600

• 23 · Insurance

  total $1,204,405 · program services $973,915 · management and general $230,490

• 24a · Other expenses: PHARMACEUTICAL EXP.

  total $20,846,260 · program services $20,846,260

• 24b · Other expenses: TAXES & FEES

  total $4,865,390 · program services $2,038,707 · management and general $2,826,683

• 24c · Other expenses: IMMUNIZATIONS

  total $4,614,329 · program services $4,614,329

• 24d · Other expenses: MEDICAL SUPPLIES

  total $4,011,223 · program services $4,010,126 · management and general $1,097

• 24e · All other expenses

  total $490,237 · program services $375,009 · management and general $115,228

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $8,446,513 · end of year $13,498,683

• 2 · Savings and temporary cash investments

  beginning of year $4,507,378 · end of year $6,521,542

• 4 · Accounts receivable

  beginning of year $27,726,760 · end of year $26,437,271

• 8 · Inventories for sale or use

  beginning of year $2,195,551 · end of year $1,977,493

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,941,464 · end of year $2,142,698

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

  $58,579,225

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

  $38,992,334

• 10c · Land, buildings and equipment, net

  beginning of year $21,013,131 · end of year $19,586,891

• 11 · Investments: publicly traded securities

  beginning of year $31,194,796 · end of year $52,810,202

• 15 · Other assets

  beginning of year $18,132,802 · end of year $14,839,558

• 17 · Accounts payable and accrued expenses

  beginning of year $41,724,846 · end of year $49,866,352

• 19 · Deferred revenue

  beginning of year $19,997,751 · end of year $17,464,746

• 23 · Secured mortgages and notes payable

  beginning of year $9,464,060 · end of year $8,595,745

• 25 · Other liabilities

  beginning of year $16,472,828 · end of year $20,585,523

• 27 · Net assets without donor restrictions

  beginning of year $27,498,910 · end of year $41,301,972

The filer's explanations (Part III)

PART I, LINE 1A:

HEALTH OR SOCIAL CLUB DUES MADISON CLUB - GHC HAS A MEMBERSHIP AT THE MADISON CLUB WHICH IS USED FOR GHC FUNCTIONS SUCH AS THE ANNUAL BOARD PLANNING RETREAT AND EMPLOYEE RECOGNITION DINNERS. GHC ALSO OCCASIONALLY USES THE CLUB FOR PHYSICIAN RECRUITING PURPOSES. ALTHOUGH THE MEMBERSHIP IS IN THE NAME OF THE CEO, MARK HUTH, HE DID NOT MAKE PERSONAL USE OF THE CLUB IN 2023. IN 2023, GHC PAID $5,203 IN DUES AND ANNUAL MEMBER ASSESSMENTS.

PART I, LINE 4A:

SEVERANCE PAYMENTS IN 2023, GHC MADE A SEVERANCE PAYMENT, REPORTED IN PART II, COLUMN B(III), IN THE AMOUNT OF $12,875.

PART I, LINE 7:

NON-FIXED PAYMENTS BONUSES, BASED ON A PERCENTAGE OF A BASE SALARY, ARE AVAILABLE TO CERTAIN EMPLOYEES OF THE ORGANIZATION AND ARE APPROVED BY THE BOARD OF DIRECTORS.