Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $157,027

• 2a · Program service revenue: Net patient service revenue

  total $20,567,157 · related or exempt $20,567,157

• 2f · All other program service revenue

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

• 3 · Investment income

  total $3,538,008 · excluded $3,538,008

• 6a · Gross rents

  real property $5,345

• 6c · Rental income or loss

  real property $5,345 · personal property $0

• 6d · Net rental income or loss

  total $5,345 · excluded $5,345

• 7a · Gross sales of assets other than inventory

  securities $3,569,405

• 7c · Gain or loss

  securities $3,569,405 · other assets $0

• 7d · Net gain or loss

  total $3,569,405 · excluded $3,569,405

• 11a · Other revenue: Other revenue

  total $807,819 · related or exempt $807,819

• 11b · Other revenue: CMS Care Management fee

  total $481,902 · related or exempt $481,902

• 11c · Other revenue: Oncology Revenue

  total $399,996 · related or exempt $399,996

• 11d · All other revenue

  total $11,356 · related or exempt $11,356 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $1,701,073

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $5,798,038 · program services $5,798,038

• 7 · Other salaries and wages

  total $9,199,967 · program services $7,149,740 · management and general $2,050,227

• 8 · Pension plan contributions

  total $440,037 · program services $379,884 · management and general $60,153

• 9 · Other employee benefits

  total $699,201 · program services $603,620 · management and general $95,581

• 10 · Payroll taxes

  total $874,829 · program services $755,240 · management and general $119,589

• 11b · Fees: legal

  total $76,874 · program services $66,365 · management and general $10,509

• 11f · Fees: investment management

  total $318,584 · management and general $318,584

• 11g · Fees: other

  total $2,138,870 · program services $1,846,486 · management and general $292,384 · fundraising $0

• 12 · Advertising and promotion

  total $32,250 · program services $27,841 · management and general $4,409

• 13 · Office expenses

  total $530,585 · program services $458,054 · management and general $72,531

• 16 · Occupancy

  total $1,518,493 · program services $1,310,915 · management and general $207,578

• 17 · Travel

  total $4,142 · program services $3,576 · management and general $566

• 19 · Conferences, conventions and meetings

  total $94,074 · program services $81,214 · management and general $12,860

• 22 · Depreciation, depletion and amortization

  total $140,815 · program services $121,566 · management and general $19,249

• 23 · Insurance

  total $529,857 · program services $457,426 · management and general $72,431

• 24a · Other expenses: MEDICAL SUPPLIES

  total $10,189,519 · program services $10,189,519

• 24b · Other expenses: EHR FEE

  total $382,215 · program services $329,966 · management and general $52,249

• 24c · Other expenses: REPAIRS AND MAINTENANCE

  total $60,455 · program services $52,191 · management and general $8,264

• 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 $3,592,936 · end of year $1,339,738

• 2 · Savings and temporary cash investments

  beginning of year $6,048,143 · end of year $12,761,597

• 4 · Accounts receivable

  beginning of year $1,406,136 · end of year $2,754,949

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 8 · Inventories for sale or use

  beginning of year $165,691 · end of year $309,004

• 9 · Prepaid expenses and deferred charges

  beginning of year $348,102 · end of year $291,410

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

  $3,580,129

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

  $2,999,699

• 10c · Land, buildings and equipment, net

  beginning of year $711,840 · end of year $580,430

• 11 · Investments: publicly traded securities

  beginning of year $93,581,134 · end of year $90,388,640

• 12 · Investments: other securities

  beginning of year $10,883,750 · end of year $10,200,153

• 13 · Investments: program-related

  beginning of year $5,205,381 · end of year $5,623,732

• 14 · Intangible assets

  beginning of year $65,000 · end of year $65,000

• 15 · Other assets

  beginning of year $2,673,953 · end of year $6,916,315

• 17 · Accounts payable and accrued expenses

  beginning of year $3,768,268 · end of year $7,310,368

• 22 · Loans and payables to officers and key people

  end of year $0

• 25 · Other liabilities

  beginning of year $0 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $120,913,798 · end of year $123,920,600

The filer's explanations (Part III)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

THE FOLLOWING EMPLOYEES CONTRIBUTED TO (EMPLOYEE AND EMPLOYER PORTION) THE ORGANIZATION'S 457(F) DEFERRED COMPENSATION PLAN: Anthony Bladen: $1,863 Jeremy Bradford: $74,180 Carolyn Heithaus: $35,547 Melissa Hall: $14,963

Schedule J, Part I, Line 3

CalvertHealth Medical Center COMPENSATES THE EXECUTIVES OF THE ORGANIZATION. THE ORGANIZATION RELIES ON CalvertHealth Medical Center TO UTILIZE THE FOLLOWING METHODS IN ESTABLISHING COMPENSATION: -CONTEMPORANEOUS SUBSTANTIATION OF THE DECISION-MAKING PROCESS -Form 990 of other organizations -WRITTEN EMPLOYMENT CONTRACT -INDEPENDENT COMPENSATION CONSULTANT -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Disregarded entities

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

• CALVERTHEALTH MEDICAL GROUP LLC

  Healthcare · MD · income $22,434,414 · assets $8,312,280

  Directly controlled by CHS

Related partnerships

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

• Corelife Calvert Partnership LLC

  Related · Healthcare · MD · 50% owned · share of income $0 · share of assets $0

  Directly controlled by na

Related corporations and trusts

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

• CALVERT HEALTH VENTURES INC

  C Corporation · Investments · MD · 100% owned · share of income $1,098,944 · share of assets $5,383,002 · controlled entity

  Directly controlled by CHS

• CALVERT COMMUNITY HEALTH INC

  C Corporation · Healthcare · MD · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by CHMC