Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 3 · Investment income

  total $769,545 · excluded $769,545

• 6a · Gross rents

  real property $221,316

• 6b · Less rental expenses

  real property $203,290

• 6c · Rental income or loss

  real property $18,026

• 6d · Net rental income or loss

  total $18,026 · related or exempt $18,026

• 7a · Gross sales of assets other than inventory

  securities $8,408,855

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

  securities $7,621,089

• 7c · Gain or loss

  securities $787,766

• 7d · Net gain or loss

  total $787,766 · excluded $787,766

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $15,490 · management and general $15,490

• 11b · Fees: legal

  total $5,035 · management and general $5,035

• 11f · Fees: investment management

  total $195,219 · management and general $195,219

• 13 · Office expenses

  total $62 · management and general $62

• 23 · Insurance

  total $831 · management and general $831

• 24a · Other expenses: CONTRIBUTIONS TO RFGH

  total $682,091 · program services $682,091

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,844,057 · end of year $1,747,102

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

  $2,838,051

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

  $2,402,745

• 10c · Land, buildings and equipment, net

  beginning of year $465,961 · end of year $435,306

• 11 · Investments: publicly traded securities

  beginning of year $29,923,897 · end of year $31,530,905

• 17 · Accounts payable and accrued expenses

  end of year $137

• 25 · Other liabilities

  beginning of year $5,500 · end of year $5,500

• 27 · Net assets without donor restrictions

  beginning of year $32,158,268 · end of year $33,633,204

• 28 · Net assets with donor restrictions

  beginning of year $70,147 · end of year $74,472

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 5B

PHYSICIANS EMPLOYED BY THE HOSPITAL PARTICIPATE IN AN INCENTIVE BASED COMPENSATION PROGRAM. THE PROGRAM IS BASED UPON A REVENUE TARGET WHICH WILL PRODUCE A TARGET COMPENSATION LEVEL, WHICH IS BASED ON BOTH LOCAL AND NATIONAL BENCHMARK INFORMATION. IN ORDER TO ALIGN THE PHYSICIAN WITH THE CHARITABLE MISSION OF THE HOSPITAL, THE PROGRAM IS BASED ON THE HOSPITAL'S ACTUAL CHARGES, SO THAT THE PHYSICIAN WILL HAVE AN INCENTIVE TO TAKE ALL PATIENTS REGARDLESS OF THEIR ABILITY TO PAY. THE SUM OF ALL CHARGES FOR SERVICE PERFORMED BY THE PHYSICIAN IS TABULATED ON A QUARTERLY BASIS. THAT TABULATION IS THEN DIVIDED BY THE REVENUE TARGET, WHICH IS MULTIPLIED TIMES THE TARGET COMMISSION LEVEL. IF A PHYSICIAN'S ACTUAL COMPENSATION IS LESS THAN THE CALCULATED SALARY, THE PHYSICIAN WILL RECEIVE A BONUS PAYMENT THAT RECOGNIZES THE PHYSICIAN'S CONTRIBUTION TO THE HOSPITAL'S ACHIEVEMENT OF ITS CHARITABLE MISSION TO PROVIDE HEALTH SERVICES FOR THE BENEFIT OF THE COMMUNITY.