Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $626,547

• 2a · Program service revenue: PATIENT SERVICE REVENUE

  total $224,831,385 · related or exempt $224,831,385

• 2b · Program service revenue: OTHER PROGRAM REVENUE

  total $4,242,779 · related or exempt $4,242,779

• 3 · Investment income

  total $1,793,340 · unrelated business $4,481 · excluded $1,788,859

• 6a · Gross rents

  real property $4,717,972

• 6b · Less rental expenses

  real property $4,483,538

• 6c · Rental income or loss

  real property $234,434

• 6d · Net rental income or loss

  total $234,434 · related or exempt $234,434

• 7a · Gross sales of assets other than inventory

  securities $1,759,089

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

  securities $1,743,074 · other assets $29,212

• 7c · Gain or loss

  securities $16,015 · other assets -$29,212

• 7d · Net gain or loss

  total -$13,197 · excluded -$13,197

• 11a · Other revenue: SELF INSURED TRUST

  total $632,339 · excluded $632,339

• 11b · Other revenue: PURCHASE REBATES

  total $600,680 · related or exempt $600,680

• 11c · Other revenue: REVENUE FROM JOINT VENTURES

  total $506,265 · excluded $506,265

• 11e · Other revenue, total

  $1,739,284

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $3,917,401 · program services $19,988 · management and general $3,897,413

• 7 · Other salaries and wages

  total $94,709,353 · program services $85,891,736 · management and general $8,817,617

• 8 · Pension plan contributions

  total $2,184,381 · program services $1,987,467 · management and general $196,914

• 9 · Other employee benefits

  total $13,399,193 · program services $12,191,305 · management and general $1,207,888

• 10 · Payroll taxes

  total $6,302,601 · program services $5,734,445 · management and general $568,156

• 11b · Fees: legal

  total $775,636 · management and general $775,636

• 11c · Fees: accounting

  total $150,684 · management and general $150,684

• 11d · Fees: lobbying

  total $36,300 · management and general $36,300

• 11f · Fees: investment management

  total $85,159 · management and general $85,159

• 11g · Fees: other

  total $16,606,622 · program services $14,585,829 · management and general $2,020,793

• 12 · Advertising and promotion

  total $563,875 · program services $494,296 · management and general $69,579

• 13 · Office expenses

  total $7,701,584 · program services $6,751,245 · management and general $950,339

• 14 · Information technology

  total $5,056,720 · program services $4,432,742 · management and general $623,978

• 16 · Occupancy

  total $3,252,148 · program services $2,850,846 · management and general $401,302

• 17 · Travel

  total $66,009 · program services $57,866 · management and general $8,143

• 19 · Conferences, conventions and meetings

  total $187,651 · program services $164,499 · management and general $23,152

• 20 · Interest

  total $1,684,152 · management and general $1,684,152

• 22 · Depreciation, depletion and amortization

  total $10,743,380 · program services $9,417,698 · management and general $1,325,682

• 23 · Insurance

  total $4,755,534 · program services $4,168,722 · management and general $586,812

• 24a · Other expenses: MEDICAL SUPPLIES & DRUG

  total $54,560,815 · program services $54,560,815

• 24b · Other expenses: STATE LICENSE FEE

  total $6,232,578 · program services $6,232,578

• 24c · Other expenses: BAD DEBT EXPENSE

  total $5,590,491 · program services $5,590,491

• 24d · Other expenses: DUES & LICENSES

  total $540,328 · program services $473,654 · management and general $66,674

• 24e · All other expenses

  total $861,368 · program services $755,099 · management and general $106,269

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $9,100 · end of year $9,100

• 2 · Savings and temporary cash investments

  beginning of year $7,478,863 · end of year $5,823,637

• 4 · Accounts receivable

  beginning of year $17,512,090 · end of year $16,772,530

• 7 · Other notes and loans receivable

  beginning of year $564,541 · end of year $258,683

• 8 · Inventories for sale or use

  beginning of year $4,236,950 · end of year $4,760,362

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,420,556 · end of year $5,954,930

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

  $226,785,301

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

  $162,642,804

• 10c · Land, buildings and equipment, net

  beginning of year $70,467,239 · end of year $64,142,497

• 11 · Investments: publicly traded securities

  beginning of year $26,788,586 · end of year $30,184,682

• 12 · Investments: other securities

  beginning of year $26,991,788 · end of year $26,477,231

• 14 · Intangible assets

  beginning of year $5,903,721 · end of year $5,618,311

• 15 · Other assets

  beginning of year $799,905 · end of year $26,935,721

• 17 · Accounts payable and accrued expenses

  beginning of year $29,555,845 · end of year $27,241,400

• 20 · Tax-exempt bond liabilities

  beginning of year $35,194,744 · end of year $33,679,513

• 23 · Secured mortgages and notes payable

  beginning of year $1,930,580 · end of year $3,318,928

• 25 · Other liabilities

  beginning of year $39,127,090 · end of year $61,259,577

• 27 · Net assets without donor restrictions

  beginning of year $59,320,080 · end of year $61,393,266

• 28 · Net assets with donor restrictions

  beginning of year $45,000 · end of year $45,000

The filer's explanations (Part III)

PART I, LINE 7

CERTAIN EXECUTIVES RECEIVE BONUS/INCENTIVE PAYMENTS THAT ARE BASED ON THE DISCRETION OF MANAGEMENT AND/OR THE BOARD.

Disregarded entities

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

• OCEAN VIEW HEALTH VENTURE LLC

  LEASE OFFICE · RI · income $887,822 · assets $16,645,448

  Directly controlled by SCH HEALTHCARE

Related corporations and trusts

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

• SILVER SPRING HEALTH CARE MANAGEMENT

  C · HOLDING COMPANY · RI · 100% owned · controlled entity

  Directly controlled by SCH HEALTHCARE

• SOUTH COUNTY QUALITY CARE

  C · PERSONAL CARE · RI · 100% owned · controlled entity

  Directly controlled by SS HEALTHCARE

• SSHM SURGICAL SUPPLY INC

  C · RETAIL OF MED EQP · RI · 100% owned · controlled entity

  Directly controlled by SS HEALTHCARE

• CHARITABLE REMAINDER TRUSTS (3)

  T · CHARITABLE TRUST · RI · controlled entity