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Nonprofiteer
← GRACE HEALTH INC

Form 990 for tax year 2023

Filed by GRACE HEALTH INC.

Totals

Total revenue
$50,315,402
Total expenses
$47,481,837
Contributions and grants received
$9,133,532
Grants paid
$0
Program service revenue
$40,883,981
Investment income
$83,218
Other revenue
$214,671
Total assets, end of year
$47,609,745
Total liabilities, end of year
$4,420,359
Net assets or fund balances, end of year
$43,189,386
Program services expenses (Part IX)
$37,327,644
Management and general expenses
$10,154,193
Fundraising expenses
$0
Program service expenses (Part III)
$37,327,644

Program services were 78.6% 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.

  • 1e · Government grants (contributions)

    $5,898,288

  • 1f · All other contributions, gifts and grants

    $3,235,244

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $21,289,590 · related or exempt $21,289,590

  • 2b · Program service revenue: PHARMACY REVENUE

    total $19,594,391 · related or exempt $19,594,391

  • 3 · Investment income

    total $83,218 · excluded $83,218

  • 11a · Other revenue: OTHER INCOME

    total $214,671 · related or exempt $214,671

  • 11e · Other revenue, total

    $214,671

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $951,098 · management and general $951,098

  • 7 · Other salaries and wages

    total $22,169,047 · program services $17,843,588 · management and general $4,325,459

  • 8 · Pension plan contributions

    total $633,235 · program services $546,361 · management and general $86,874

  • 9 · Other employee benefits

    total $2,979,807 · program services $2,436,735 · management and general $543,072

  • 10 · Payroll taxes

    total $1,682,492 · program services $1,311,800 · management and general $370,692

  • 11b · Fees: legal

    total $24,182 · management and general $24,182

  • 11c · Fees: accounting

    total $77,415 · management and general $77,415

  • 11g · Fees: other

    total $2,843,616 · program services $2,001,173 · management and general $842,443

  • 12 · Advertising and promotion

    total $281,338 · program services $14,849 · management and general $266,489

  • 13 · Office expenses

    total $410,548 · program services $84,788 · management and general $325,760

  • 14 · Information technology

    total $1,490,685 · program services $243,367 · management and general $1,247,318

  • 16 · Occupancy

    total $449,237 · program services $335,215 · management and general $114,022

  • 17 · Travel

    total $349,829 · program services $185,302 · management and general $164,527

  • 22 · Depreciation, depletion and amortization

    total $1,022,629 · program services $608,931 · management and general $413,698

  • 23 · Insurance

    total $100,147 · program services $89,494 · management and general $10,653

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $11,526,493 · program services $11,487,751 · management and general $38,742

  • 24b · Other expenses: MAINTENANCE

    total $455,026 · program services $104,223 · management and general $350,803

  • 24c · Other expenses: MISCELLANEOUS

    total $35,013 · program services $34,067 · management and general $946

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,015,323 · end of year $14,955,139

  • 3 · Pledges and grants receivable

    beginning of year $75,000 · end of year $150,000

  • 4 · Accounts receivable

    beginning of year $3,719,898 · end of year $4,451,601

  • 8 · Inventories for sale or use

    beginning of year $808,283 · end of year $984,660

  • 9 · Prepaid expenses and deferred charges

    beginning of year $309,633 · end of year $363,081

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

    $31,001,269

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

    $13,519,478

  • 10c · Land, buildings and equipment, net

    beginning of year $16,906,745 · end of year $17,481,791

  • 11 · Investments: publicly traded securities

    beginning of year $9,982,464 · end of year $9,054,357

  • 15 · Other assets

    beginning of year $143,340 · end of year $169,116

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,902,691 · end of year $3,593,724

  • 25 · Other liabilities

    beginning of year $232,181 · end of year $826,635

  • 27 · Net assets without donor restrictions

    beginning of year $38,700,695 · end of year $42,994,259

  • 28 · Net assets with donor restrictions

    beginning of year $125,119 · end of year $195,127

Mission and programs · 2023

Mission

TO PROVIDE PATIENT-CENTERED HEALTHCARE WITH EXCELLENCE IN QUALITY, SERVICE AND ACCESS.

  • GRACE HEALTH IS A FEDERALLY QUALIFIED HEALTH CENTER (FQHC) COMMITTED TO TREATING EACH PATIENT'S HEALTH CARE NEEDS. GRACE HEALTH PROVIDES PATIENT CARE IN A TEAM-BASE SETTING OR "NEIGHBORHOOD" WHICH INCLUDES A VARIETY OF SERVICES SUCH AS; PRIMARY CARE PROVIDER AND PRIMARY HEALTH CARE IN FAMILY PRACTICE MEDICINE, PEDIATRICS, INTERNAL MEDICINE, OBSTETRICS/GYNECOLOGY, BEHAVIORAL HEALTH, OPTOMETRY, PHYSICAL THERAPY, PODIATRY, DENTAL AND PHARMACY SERVICES.

    Expenses $37,327,644 · Revenue $41,098,652

As filed on the 2023 return.

Listed in Part VII

  • Dean Newsome

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Timothy Kool

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Ann Gallagher

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • James Reed

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Yanira Flores

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Bridgette Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Christopher McCoy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Tha Par

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Latosha Potter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Katherine Segal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Shannon Bagley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Sonja Elder

    VICE PRESIDENT/CIO

    Total calculated
    $222,476
    From this org
    $205,493
    From related orgs
    $0
    Other
    $16,983
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,493
    Bonus
    $0
    Other
    $0
    Deferred
    $8,076
    Nontaxable benefits
    $8,907
    Filer's total
    $222,476

  • Brian Hutchings

    VICE PRESIDENT/CFO

    Total calculated
    $229,469
    From this org
    $199,955
    From related orgs
    $0
    Other
    $29,514
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,955
    Bonus
    $0
    Other
    $0
    Deferred
    $8,028
    Nontaxable benefits
    $21,486
    Filer's total
    $229,469

  • Jill Wise

    VICE PRESIDENT/COO

    Total calculated
    $203,964
    From this org
    $175,200
    From related orgs
    $0
    Other
    $28,764
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,200
    Bonus
    $0
    Other
    $0
    Deferred
    $7,278
    Nontaxable benefits
    $21,486
    Filer's total
    $203,964

  • Peter Chang

    PRESIDENT/CEO

    Total calculated
    $405,136
    From this org
    $370,450
    From related orgs
    $0
    Other
    $34,686
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $370,450
    Bonus
    $0
    Other
    $0
    Deferred
    $13,200
    Nontaxable benefits
    $21,486
    Filer's total
    $405,136

  • Bendan Collins

    PHYSICIAN

    Total calculated
    $371,262
    From this org
    $338,526
    From related orgs
    $0
    Other
    $32,736
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $338,526
    Bonus
    $0
    Other
    $0
    Deferred
    $11,250
    Nontaxable benefits
    $21,486
    Filer's total
    $371,262

  • Nicole Salerno-Fetterhoff

    PHYSICIAN

    Total calculated
    $248,472
    From this org
    $238,210
    From related orgs
    $0
    Other
    $10,262
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $238,210
    Bonus
    $0
    Other
    $0
    Deferred
    $9,422
    Nontaxable benefits
    $840
    Filer's total
    $248,472

  • Barbara Schaffhauser

    PHYSICIAN

    Total calculated
    $251,637
    From this org
    $233,359
    From related orgs
    $0
    Other
    $18,278
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,359
    Bonus
    $0
    Other
    $0
    Deferred
    $9,116
    Nontaxable benefits
    $9,162
    Filer's total
    $251,637

  • Elizabeth Mettler

    PHYSICIAN

    Total calculated
    $205,005
    From this org
    $197,217
    From related orgs
    $0
    Other
    $7,788
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $197,217
    Bonus
    $0
    Other
    $0
    Deferred
    $7,788
    Nontaxable benefits
    $0
    Filer's total
    $205,005

  • Patricia Zull

    NURSE MIDWIFE

    Total calculated
    $215,148
    From this org
    $199,799
    From related orgs
    $0
    Other
    $15,349
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,799
    Bonus
    $0
    Other
    $0
    Deferred
    $6,947
    Nontaxable benefits
    $8,402
    Filer's total
    $215,148

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 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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)

PART I, LINE 3
THE COMPENSATION OF THE CEO IS DETERMINED BY THE BOARD OF DIRECTORS. THE BOARD CHAIR COMPARES THE COMPENSATION TO SALARY RANGES SET BY NATIONAL INDUSTRY ASSOCIATIONS FOR VALIDATION. THE BOARD CHAIR NOTIFIES THE CEO AND CFO OF THE BOARD APPROVED AMOUNT.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
25 September 2024
IRS schema version
2023v5.1
Source object
202432769349300908

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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