Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $4,112,454

• 1f · All other contributions, gifts and grants

  $1,300

• 2a · Program service revenue: Patient Service Revenue

  total $4,900,017 · related or exempt $4,900,017

• 2b · Program service revenue: Independent Living

  total $2,065,811 · related or exempt $2,055,605 · excluded $10,206

• 2c · Program service revenue: Contractual Allowances

  total -$215,917 · related or exempt -$215,917

• 3 · Investment income

  total $8,586 · excluded $8,586

• 7a · Gross sales of assets other than inventory

  securities $91,443

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

  securities $74,890

• 7c · Gain or loss

  securities $16,553

• 7d · Net gain or loss

  total $16,553 · excluded $16,553

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $3,880,541 · program services $2,658,294 · management and general $1,222,247

• 8 · Pension plan contributions

  total $122,513 · program services $94,525 · management and general $27,988

• 9 · Other employee benefits

  total $815,381 · program services $528,869 · management and general $286,512

• 10 · Payroll taxes

  total $255,031 · program services $196,770 · management and general $58,261

• 11b · Fees: legal

  total $2,216 · management and general $2,216

• 11c · Fees: accounting

  total $10,074 · management and general $10,074

• 11d · Fees: lobbying

  total $9,410 · management and general $9,410

• 11g · Fees: other

  total $1,586,172 · program services $1,165,104 · management and general $421,068

• 12 · Advertising and promotion

  total $3,136 · program services $2,420 · management and general $716

• 13 · Office expenses

  total $70,958 · program services $54,748 · management and general $16,210

• 14 · Information technology

  total $77,464 · program services $59,768 · management and general $17,696

• 16 · Occupancy

  total $1,235,371 · program services $953,155 · management and general $282,216

• 17 · Travel

  total $2,644 · program services $2,040 · management and general $604

• 20 · Interest

  total $168,813 · program services $130,248 · management and general $38,565

• 22 · Depreciation, depletion and amortization

  total $862,525 · program services $665,485 · management and general $197,040

• 23 · Insurance

  total $67,333 · program services $51,951 · management and general $15,382

• 24a · Other expenses: Other Supplies

  total $524,524 · program services $361,878 · management and general $162,646

• 24b · Other expenses: Medical Supplies and Dr

  total $179,122 · program services $179,122

• 24c · Other expenses: Medicaid Provider Tax

  total $147,586 · program services $147,586

• 24d · Other expenses: Miscellaneous Expenses

  total $86,103 · program services $66,434 · management and general $19,669

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $240 · end of year $240

• 2 · Savings and temporary cash investments

  beginning of year $438,391 · end of year $4,094,918

• 4 · Accounts receivable

  beginning of year $507,323 · end of year $704,717

• 8 · Inventories for sale or use

  beginning of year $4,282 · end of year $5,136

• 9 · Prepaid expenses and deferred charges

  beginning of year $163,905 · end of year $750

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

  $14,591,481

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

  $5,960,663

• 10c · Land, buildings and equipment, net

  beginning of year $9,361,463 · end of year $8,630,818

• 11 · Investments: publicly traded securities

  beginning of year $184,762 · end of year $205,948

• 14 · Intangible assets

  beginning of year $0 · end of year $116,637

• 17 · Accounts payable and accrued expenses

  beginning of year $1,136,674 · end of year $1,113,603

• 19 · Deferred revenue

  beginning of year $9,018,611 · end of year $9,304,320

• 23 · Secured mortgages and notes payable

  beginning of year $4,840,427 · end of year $3,941,813

• 25 · Other liabilities

  beginning of year $9,593,002 · end of year $12,529,702

• 27 · Net assets without donor restrictions

  beginning of year -$13,999,265 · end of year -$13,196,223

• 28 · Net assets with donor restrictions

  beginning of year $70,917 · end of year $65,949

The filer's explanations (Part III)

Part I, Line 3

Gifford Medical Center's Chief Executive Officer is evaluated annually by a board compensation committee that relies on data and input from a variety of independent sources. The compensation information is then reviewed by the Executive Committee of the Board of Trustees and resultant recommendations are presented to the Board of Trustees for final approval.

Form 990, Part VII, Line 5:

Cheyenne Holland, CFO, and William King, Past Interim CFO, are paid by Forvis Mazars, an unrelated organization, via a professional agreement. During calendar year 2023, Gifford Medical Center, a related organization, paid Forvis Mazars $158,925 and $369,968 for the services of Ms. Holland and Mr. King, respectively. The actual compensation paid to Ms. Holland and Mr. King is unknown to the Organization.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• Charitable Remainder Trusts (3)

  Deferred Annuity · VT · controlled entity

  Directly controlled by Gifford Retirement Community Inc

• Charitable Remainder Trusts (11)

  Deferred Annuity · VT

  Directly controlled by Gifford Medical Center Inc