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Nonprofiteer
← MONROE MEDICAL FOUNDATION INC

Form 990 for tax year 2023

Filed by MONROE MEDICAL FOUNDATION INC.

Totals

Total revenue
$20,859,487
Total expenses
$22,676,785
Contributions and grants received
$906,491
Grants paid
$26,400
Program service revenue
$19,073,454
Investment income
$876,177
Other revenue
$3,365
Total assets, end of year
$30,139,252
Total liabilities, end of year
$2,700,462
Net assets or fund balances, end of year
$27,438,790
Program services expenses (Part IX)
$20,490,144
Management and general expenses
$2,186,641
Fundraising expenses
$0
Program service expenses (Part III)
$20,490,144

Program services were 90.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Anthony Carter MD

    Board Member/ Physician

    Total calculated
    $658,694
    From this org
    $658,694
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    $458,694
    Other
    $0
    Deferred
    $8,002
    Nontaxable benefits
    $0
    Filer's total
    $666,696

  • William Michael Carter MD

    Physician

    Total calculated
    $383,239
    From this org
    $383,239
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $371,535
    Bonus
    $0
    Other
    $0
    Deferred
    $8,002
    Nontaxable benefits
    $6,015
    Filer's total
    $385,552

  • Andrea L Rich McLerran

    Exec Director/CEO

    Total calculated
    $163,965
    From this org
    $163,965
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,965
    Bonus
    $0
    Other
    $0
    Deferred
    $2,897
    Nontaxable benefits
    $6,015
    Filer's total
    $172,877

  • Andrea McAlpin

    Director of Pharmacy

    Total calculated
    $154,683
    From this org
    $154,683
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,683
    Bonus
    $0
    Other
    $0
    Deferred
    $3,823
    Nontaxable benefits
    $6,015
    Filer's total
    $164,521

  • Ronnie Raines

    Nurse Practitioner

    Total calculated
    $154,575
    From this org
    $154,575
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,575
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,015
    Filer's total
    $160,590

  • Rickie Brown

    Chief Financial Officer

    Total calculated
    $139,384
    From this org
    $139,384
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Penni High

    Cardiopulmonary Director

    Total calculated
    $111,892
    From this org
    $111,892
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Tracey Page

    Physical Therapist

    Total calculated
    $111,530
    From this org
    $111,530
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • L Caitlin Hagan

    Chief Financial Officer

    Total calculated
    $41,997
    From this org
    $41,997
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Judy Rowland

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Fowler Ross JR OD

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jimmy Goodman

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Polly Baker

    Board President

    Total calculated
    $0
    Hours/week
    1

  • Kem Coe 2nd Vice President Sec

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Greg Crabtree DMD

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Donnie Peden

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jack Anderson DO

    Board Member/Physician

    Total calculated
    $0
    Hours/week
    1

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 · Approval by the board or compensation committee
  • 6a · Pay contingent on this organization's net earnings

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
  • 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)

Schedule J, Part I, Line 6
The agreements with the physicians state that the Monroe County Medical Center will pay the physician a base salary plus incentive compensation in an amount equal to a certain percentage of the excess of the Medical Center's total collections for physician's personally performed professional medical services over the amount of the Physician's salary and overhead expense.

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
15 January 2025
IRS schema version
2023v6.0
Source object
202520159349302927

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