Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $5,911,282

• 1f · All other contributions, gifts and grants

  $7,300

• 2a · Program service revenue: NET PATIENT SERVICE REVENUE

  total $110,233,467 · related or exempt $110,233,467

• 2b · Program service revenue: OTHER

  total $8,396,811 · related or exempt $8,396,811

• 2c · Program service revenue: PHARMACY

  total $1,493,727 · related or exempt $1,493,727

• 2d · Program service revenue: CAFETERIA

  total $464,623 · related or exempt $464,623

• 2e · Program service revenue: AFFILIATE ORGANIZATION RENT

  total $302,196 · related or exempt $302,196

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $434,777 · excluded $434,777

• 6a · Gross rents

  real property $223,353

• 6b · Less rental expenses

  real property $178,978

• 6c · Rental income or loss

  real property $44,375 · personal property $0

• 6d · Net rental income or loss

  total $44,375 · excluded $44,375

• 7a · Gross sales of assets other than inventory

  securities $7,289,860 · other assets $21,842

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

  securities $7,370,252

• 7c · Gain or loss

  securities -$80,392 · other assets $21,842

• 7d · Net gain or loss

  total -$58,550 · excluded -$58,550

• 11a · Other revenue: LOSS ON PENSION PLAN SETTLEMENT

  total -$13,414,587 · excluded -$13,414,587

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  -$13,414,587

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $701,768 · program services $276,922 · management and general $424,846

• 7 · Other salaries and wages

  total $44,134,228 · program services $41,080,610 · management and general $3,053,618

• 8 · Pension plan contributions

  total $1,371,680 · program services $1,265,282 · management and general $106,398

• 9 · Other employee benefits

  total $6,012,368 · program services $5,546,396 · management and general $465,972

• 10 · Payroll taxes

  total $3,337,819 · program services $3,078,896 · management and general $258,923

• 11b · Fees: legal

  total $1,081,669 · management and general $1,081,669

• 11c · Fees: accounting

  total $231,140 · management and general $231,140

• 11d · Fees: lobbying

  total $53,425 · management and general $53,425

• 11f · Fees: investment management

  total $57,463 · management and general $57,463

• 11g · Fees: other

  total $25,073,552 · program services $23,273,374 · management and general $1,800,178 · fundraising $0

• 12 · Advertising and promotion

  total $138,516 · program services $127,771 · management and general $10,745

• 13 · Office expenses

  total $4,524,407 · program services $4,173,438 · management and general $350,969

• 14 · Information technology

  total $3,614,359 · program services $3,333,984 · management and general $280,375

• 16 · Occupancy

  total $2,068,813 · program services $1,908,330 · management and general $160,483

• 17 · Travel

  total $197,531 · program services $182,208 · management and general $15,323

• 19 · Conferences, conventions and meetings

  total $19,696 · program services $18,168 · management and general $1,528

• 20 · Interest

  total $1,736,966 · program services $1,602,225 · management and general $134,741

• 22 · Depreciation, depletion and amortization

  total $4,292,278 · program services $3,959,315 · management and general $332,963

• 23 · Insurance

  total $2,495,020 · program services $2,301,475 · management and general $193,545

• 24a · Other expenses: MEDICAL SUPPLIES & DRUGS

  total $16,078,949 · program services $16,078,949

• 24b · Other expenses: PROVIDER TAX

  total $12,461,583 · program services $12,461,583

• 24c · Other expenses: REPAIRS & MAINTENANCE

  total $727,903 · program services $671,438 · management and general $56,465

• 24d · Other expenses: LICENSES, DUES, SUBSCRIPTION

  total $304,210 · program services $280,612 · management and general $23,598

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,666 · end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $8,889,876 · end of year $6,653,648

• 3 · Pledges and grants receivable

  beginning of year $0

• 4 · Accounts receivable

  beginning of year $12,986,456 · end of year $13,870,709

• 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

• 8 · Inventories for sale or use

  beginning of year $3,182,101 · end of year $3,620,627

• 9 · Prepaid expenses and deferred charges

  beginning of year $413,811 · end of year $397,356

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

  $144,788,827

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

  $107,965,762

• 10c · Land, buildings and equipment, net

  beginning of year $38,754,275 · end of year $36,823,065

• 11 · Investments: publicly traded securities

  beginning of year $0

• 12 · Investments: other securities

  beginning of year $10,421,053 · end of year $9,895,788

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  end of year $229,623

• 15 · Other assets

  beginning of year $4,112,057 · end of year $2,794,778

• 17 · Accounts payable and accrued expenses

  beginning of year $29,934,245 · end of year $40,643,174

• 20 · Tax-exempt bond liabilities

  beginning of year $16,946,852 · end of year $15,562,986

• 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 $10,223,672 · end of year $9,775,357

• 24 · Unsecured notes and loans payable

  beginning of year $330,140 · end of year $320,883

• 25 · Other liabilities

  beginning of year $37,029,398 · end of year $7,625,193

• 27 · Net assets without donor restrictions

  beginning of year -$21,892,384 · end of year -$6,015,813

• 28 · Net assets with donor restrictions

  beginning of year $6,194,372 · end of year $6,373,814

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Housing allowance or residence for personal use

HOUSING ALLOWANCE IS PROVIDED FOR THE CONTRACTED PRESIDENT AND CEO, KYLE KRAMER AS PART OF HIS COMPENSATION WITH THE MANAGEMENT COMPANY.

Schedule J, Part I, Line 7 Non-fixed payments

THERE ARE THREE PROVIDERS THAT RECEIVE A BONUS WHICH ARE ALL BASED ON PRODUCTIVITY AND ARE CALCULATED OFF OF THEIR WRVUS FOR THE CONTRACT PERIOD.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• PHYSICIAN SERVICES OF NORTHEAST CT

  PHYSICIAN SERVICES · CT

  Directly controlled by DAY KIMBALL HEALTHCARE