Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 6a · Gross rents

  real property $737,944

• 6b · Less rental expenses

  real property $133,862

• 6c · Rental income or loss

  real property $604,082

• 6d · Net rental income or loss

  total $604,082 · excluded $604,082

• 7a · Gross sales of assets other than inventory

  securities $1,666,916

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

  securities $226,269

• 7c · Gain or loss

  securities $1,440,647

• 7d · Net gain or loss

  total $1,440,647 · excluded $1,440,647

Functional expenses

Part IX, the statement of functional expenses.

• 11a · Fees: management

  total $80,574 · program services $80,574

• 11c · Fees: accounting

  total $2,400 · management and general $2,400

• 22 · Depreciation, depletion and amortization

  total $310,615 · program services $310,615

• 24a · Other expenses: SHARED COST ALLOCATION

  total $166,776 · management and general $166,776

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,073,971 · end of year $5,348,862

• 4 · Accounts receivable

  beginning of year $945,428 · end of year $1,206,060

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,688 · end of year $2,128

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

  $14,691,378

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

  $6,154,958

• 10c · Land, buildings and equipment, net

  beginning of year $8,597,805 · end of year $8,536,420

• 17 · Accounts payable and accrued expenses

  beginning of year $58,578 · end of year $714

• 25 · Other liabilities

  beginning of year $2,108,049 · end of year $156,128

• 27 · Net assets without donor restrictions

  beginning of year $13,452,265 · end of year $14,936,628

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4

JOE T. STOUGH, III 0 78,749 0 JOSEPH DENTON 0 74,999 0 SCOTT BROWNING 0 36,082 0

SCHEDULE J, PART III

SCHEDULE J, PART I, LINE 3 FOR TOP MANAGMENT OFFICIAL'S COMPENSATION INFIRMARY HEALTH SYSTEM, INC. (IHS, A RELATED CORPORATION) ESTABLISHES THE PRESIDENT/CEO'S COMPENSATION. THE IHS EMPLOYEES DESIGNATED AS OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE PARTICIPANTS IN THE ORGANIZATION'S PERFORMANCE MANAGEMENT PROGRAM. EACH EMPLOYEE HAS AN INDIVIDUAL PERFORMANCE PLAN AND IS REVIEWED ANNUALLY FOR MERIT INCREASES. THE ANNUAL REVIEW COVERS THE EMPLOYEE'S PERFORMANCE FOR THE FISCAL YEAR OF APRIL 1 THROUGH MARCH 31 OF THE FOLLOWING YEAR. THE AMOUNT OF INDIVIDUAL MERIT/SALARY INCREASES ARE DETERMINED BASED ON THE COMPA-RATIO (HOURLY RATED RELATIVE TO THE SALARY RANGE MIDPOINT), THE NUMBER OF MONTHS SINCE THEIR LAST INCREASE AND PERFORMANCE SCORE (RATING) AND THE ORGANIZATION'S ANNUAL MERIT GUIDELINES. EACH POSITION IS ASSIGNED A SALARY RANGE BASED ON THE HAY METHODOLOGY OF ACCOUNTABILITY, KNOW HOW AND PROBLEM SOLVING ABILITY. SALARY RANGE MIDPOINTS (THE MIDPOINT REPRESENTS 100% OF THE MARKET) INCREASE EACH YEAR BASED ON EXTERNAL MARKET DATA. IHS PARTICIPATES IN NUMEROUS SALARY SURVEYS. DEPENDING ON THE POSITION, THE SURVEY DATA MAY BE INDUSTRY SPECIFIC, (E.G. HEALTHCARE) OR FROM OTHER INDUSTRIES. CURRENTLY, EXECUTIVE POSITION MARKET DATA COMES FROM WATSON WYATT, INTEGRATED HEALTHCARE STRATEGIES, SULLIVAN COTTER AND HAY CONSULTING. THE ANNUAL MERIT GUIDELINES ARE DETERMINED BY THE ORGANIZATION'S ABILITY TO PAY (BUDGET). THE ANNUAL MERIT GUIDELINES PROVIDE A MERIT INCREASE PERCENTAGE RANGE BASED ON THE INDIVIDUAL EMPLOYEE'S PERFORMANCE RATING AND COMPA-RATIO. FOR EXECUTIVES, THE CEO AND VP, HUMAN RESOURCES REVIEW THE SUGGESTED MERIT INCREASE AND MAKE RECOMMENDATIONS TO THE INFIRMARY HEALTH SYSTEM COMPENSATION COMMITTEE. THE FINAL RECOMMENDATIONS PRESENTED BY THE COMPENSATION COMMITTEE ARE APPROVED BY THE IHS BOARD OF DIRECTORS. IHS HAS AN EXTERNAL REVIEW OF COMPENSATION PRACTICES EVERY TWO YEARS AND WAS MOST RECENTLY REVIEWED BY SULLIVAN COTTER IN 2017. SCHEDULE J, PART I, LINE 4A AND 4B THE INFIRMARY HEALTH 457(F) PLAN IS A TYPE OF NONQUALIFIED DEFERRED COMPENSATION PLAN THAT TAX-EXEMPT ORGANIZATIONS CAN ESTABLISH FOR THEIR EMPLOYEES. THIS PLAN IS FUNDED ENTIRELY BY THE EMPLOYER FOR THE BENEFIT OF ITS PARTICIPANTS. THE ELIGIBILITY FOR THIS PLAN IS LIMITED TO HIGHLY COMPENSATED EMPLOYEES, SUCH AS VICE-PRESIDENTS AND ABOVE, OF THE ORGANIZATION AND MUST BE DESIGNATED AS ELIGIBLE BEFORE CONTRIBUTIONS CAN BE MADE. THE AMOUNT OF ANNUAL EMPLOYER CONTRIBUTIONS ARE DETERMINED AS A PERCENT OF BASE SALARY FOR EACH ELIGIBLE PARTICIPANT. THE PARTICIPANT DESIGNATES THE ALLOCATION OF THE CONTRIBUTION IN THE FUND SELECTION IN THE PLAN AS WELL AS FUTURE VESTING DATES. THE EARLIEST THAT A PARTICIPANT MAY VEST IN A PARTICULAR YEARS BENEFIT IS FIVE YEARS. ONCE VESTED THE BENEFIT BECOMES TAXABLE AS WELL AS EARNINGS ON THE CONTRIBUTION AND IS PAID THROUGH NORMAL PAYROLL PROCESSING TO THE PARTICIPANT.

Related corporations and trusts

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

• GULF HEALTH MANAGEMENT SERVICES INC

  MANAGEMENT · AL

• INFIRMARY MEDICAL CLINICS PC & SUBS

  MEDICAL · AL

• AMERICAN OAK HILL ASSURANCE LTD

  SELF INSUR · BD