Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $635,031

• 1f · All other contributions, gifts and grants

  $668,340

• 2a · Program service revenue: NET PATIENT REVENUE

  total $87,249,840 · related or exempt $87,249,840

• 2b · Program service revenue: PROGRAM RENTAL INCOME

  total $2,024,706 · related or exempt $2,024,706

• 2c · Program service revenue: PHYSICIAN PRACTICE REVENUE

  total $518,086 · related or exempt $518,086

• 2d · Program service revenue: DIAG REVENUE

  total $95,806 · related or exempt $95,806

• 2e · Program service revenue: RESIDENT & INTERN DEVELOPMENT

  total $66,000 · related or exempt $66,000

• 2f · All other program service revenue

  total $1,016,276 · related or exempt $1,016,276

• 3 · Investment income

  total $45,795 · excluded $45,795

• 7a · Gross sales of assets other than inventory

  other assets $3,887,315

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

  other assets $10,594,363

• 7c · Gain or loss

  other assets -$6,707,048

• 7d · Net gain or loss

  total -$6,707,048 · excluded -$6,707,048

• 11a · Other revenue: PHYSICIAN BILLING REVENUE

  total $1,483,258 · unrelated business $74,541 · excluded $1,408,717

• 11b · Other revenue: CAFETERIA REVENUE

  total $646,820 · excluded $646,820

• 11c · Other revenue: NONPATIENT LAB SERVICES

  total $273,735 · unrelated business $273,735

• 11d · All other revenue

  total $1,455,121 · excluded $1,455,121

• 11e · Other revenue, total

  $3,858,934

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,958,241 · program services $124,165 · management and general $1,834,076

• 7 · Other salaries and wages

  total $48,106,407 · program services $44,183,433 · management and general $3,922,974

• 8 · Pension plan contributions

  total $1,804,163 · program services $1,587,834 · management and general $216,329

• 9 · Other employee benefits

  total $6,883,389 · program services $6,012,306 · management and general $871,083

• 10 · Payroll taxes

  total $6,539,412 · program services $5,861,888 · management and general $677,524

• 11b · Fees: legal

  total $125,062 · management and general $125,062

• 11c · Fees: accounting

  total $292,052 · management and general $292,052

• 11g · Fees: other

  total $15,695,363 · program services $13,485,436 · management and general $2,209,927

• 12 · Advertising and promotion

  total $326,135 · program services $326,135

• 13 · Office expenses

  total $5,847,678 · program services $5,111,279 · management and general $736,399

• 14 · Information technology

  total $2,077,793 · program services $1,900,987 · management and general $176,806

• 16 · Occupancy

  total $2,208,586 · program services $2,168,132 · management and general $40,454

• 17 · Travel

  total $61,959 · program services $54,854 · management and general $7,105

• 19 · Conferences, conventions and meetings

  total $14,835 · program services $14,462 · management and general $373

• 20 · Interest

  total $287,323 · program services $257,521 · management and general $29,802

• 22 · Depreciation, depletion and amortization

  total $7,039,405 · program services $6,321,177 · management and general $718,228

• 23 · Insurance

  total $1,193,809 · program services $1,193,809

• 24a · Other expenses: SUPPLIES-MEDICAL

  total $23,060,785 · program services $23,060,785

• 24b · Other expenses: STATE FRANCHISE TAX

  total $5,163,603 · program services $5,163,603

• 24c · Other expenses: BAD DEBT

  total $2,203,848 · program services $2,203,848

• 24d · Other expenses: UBIT TAXES

  total $3,034 · program services $1,517 · management and general $1,517

• 24e · All other expenses

  total $7,535,785 · program services $4,377,176 · management and general $3,158,609

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,130 · end of year $2,552

• 2 · Savings and temporary cash investments

  beginning of year $3,826,485 · end of year $4,725,764

• 4 · Accounts receivable

  beginning of year $13,728,320 · end of year $2,904,619

• 8 · Inventories for sale or use

  beginning of year $4,009,179 · end of year $446,485

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,072,264 · end of year $857,949

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

  $12,919,757

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

  $5,099,864

• 10c · Land, buildings and equipment, net

  beginning of year $25,396,928 · end of year $7,819,893

• 11 · Investments: publicly traded securities

  beginning of year $11,090,694 · end of year $8,794,631

• 15 · Other assets

  beginning of year $4,504,414 · end of year $6,092,060

• 17 · Accounts payable and accrued expenses

  beginning of year $21,940,890 · end of year $24,235,277

• 24 · Unsecured notes and loans payable

  beginning of year $3,260,236 · end of year $762,744

• 25 · Other liabilities

  beginning of year $20,441,124 · end of year $2,357,162

• 27 · Net assets without donor restrictions

  beginning of year $6,024,724 · end of year -$5,924,194

• 28 · Net assets with donor restrictions

  beginning of year $12,965,440 · end of year $10,212,964

The filer's explanations (Part III)

PART I, LINE 3

THE REVIEW AND APPROVAL OF EXECUTIVE COMPENSATION IS THE RESPONSIBILITY OF THE BOARD. THIS THEN IS SUBJECT TO REVIEW BY THE MEMBER SISTERS OF CHARITY HEALTH SYSTEM. THE BOARD USES REPORTS FROM INDEPENDENT COMPENSATION CONSULTANTS, SURVEYORS OR STUDIES TO ASSIST IN THE REVIEW. IN MOST CASES, THESE REPORTS ARE OBTAINED FROM THE SAME SOURCES USED BY THE MEMBER.

PART I, LINES 4A-B

THEODORE MONCZEWSKI AGREED TO A 12 MONTH SEVERANCE WITH AN ESIMATED VALUE OF $189,342. JODY BLESSING AGREED TO A 12 MONTH SEVERANCE WITH AN ESTIMATED VALUE OF $171,600. JODIE TUROSKY AGRRED TO A LUMP SUM SEVERANCE PAYMENT OF $57,672. SUPPLEMENTAL EXECUTIVE RETIREMENT PAYMENTS (SERP) OF $20,500 WERE MADE BY THE RELATED ORGANIZATION TO MELISSA ROGERS AND JANICE MURPHY. ST. VINCENT CHARITY MEDICAL CENTER CONTRACTED WITH DR. PERSE'S COMPANY TO PROVIDE CALL COVERAGE IN 2022. TOTAL PAYMENTS MADE TO THE CORPORATION DURING 2022 WERE $200,012.

PART I, LINE 7

DURING THE TERM OF DR. FRIEDHOFF'S EMPLOYMENT AGREEMENT, SO LONG AS PHYSICIAN REMAINS IN COMPLIANCE WITH THE TERMS OF THE AGREEMENT AND SO LONG AS THE AGREEMENT REMAINS IN EFFECT, PHYSICIAN SHALL BE ENTITLED TO A ONE-HUNDRED PERCENT PRODUCTION COMPENSATION AFTER ALL DIRECT AND INDIRECT EXPENSES ARE PAID. JODIE TUROSKY RECEIVED A $3,000 RETENTION BONUS IN 2022. FIOVDALIZA VOLENIK RECEIVED A $389 BONUS FOR THE NURSES WEEK AWARD.

Disregarded entities

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

• SISTERS OF CHARITY HEALTH SYSTEM MSO LLC

  PHYSICIAN SERVICES · OH · income -$147,808 · assets $395,963

  Directly controlled by SVCMC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• BRAINARD OPERATING LLC

  RELATED · MEDICAL SERVICES · TN · 70% owned · share of income -$121,109 · general or managing partner

  Directly controlled by ST VINCENT CHARITY MEDICAL CENTER

• BRAINARD SURGERY CENTER LLC

  RELATED · MEDICAL SERVICES · OH · 36.4% owned · share of income -$121,109 · general or managing partner

  Directly controlled by BRAINARD OPERATING LLC

Related corporations and trusts

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

• ST VINCENT MEDICAL GROUP

  C · MEDICAL SERVICES · OH · 100% owned · share of income -$11,497,016 · share of assets $1,176,742 · controlled entity

  Directly controlled by ST VINCENT CHARITY MEDICAL CENTER

• SCHS INSURANCE COMPANY LTD

  C · INSURANCE · CJ