Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $476,461

• 1f · All other contributions, gifts and grants

  $59,695

• 2a · Program service revenue: Patient Service Revenue

  total $117,314,949 · related or exempt $117,314,949

• 2b · Program service revenue: Miscellaneous Revenue

  total $3,212,785 · related or exempt $3,212,785

• 2c · Program service revenue: Cafeteria Revenue

  total $142,565 · excluded $142,565

• 2d · Program service revenue: Provision for Bad Debts

  total -$3,469,889 · related or exempt -$3,469,889

• 2e · Program service revenue: Contractual Allowances/Charity Ca

  total -$71,159,162 · related or exempt -$71,159,162

• 3 · Investment income

  total $2,396 · excluded $2,396

• 11a · Other revenue: Gain on extinguishment of debt

  total $5,220,700 · excluded $5,220,700

• 11e · Other revenue, total

  $5,220,700

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $12,646,279 · program services $11,756,140 · management and general $842,596 · fundraising $47,543

• 8 · Pension plan contributions

  total $166,557 · program services $154,834 · management and general $11,097 · fundraising $626

• 9 · Other employee benefits

  total $2,040,374 · program services $1,896,756 · management and general $135,947 · fundraising $7,671

• 10 · Payroll taxes

  total $910,986 · program services $846,864 · management and general $60,697 · fundraising $3,425

• 11b · Fees: legal

  total $2,708 · management and general $2,708

• 11g · Fees: other

  total $13,604,193 · program services $13,398,548 · management and general $198,106 · fundraising $7,539

• 12 · Advertising and promotion

  total $75 · program services $73 · management and general $2

• 13 · Office expenses

  total $222,861 · program services $217,340 · management and general $5,319 · fundraising $202

• 14 · Information technology

  total $139,479 · program services $136,023 · management and general $3,329 · fundraising $127

• 16 · Occupancy

  total $1,661,003 · program services $1,619,848 · management and general $39,646 · fundraising $1,509

• 17 · Travel

  total $1,186 · program services $1,157 · management and general $28 · fundraising $1

• 19 · Conferences, conventions and meetings

  total $13,607 · program services $13,270 · management and general $325 · fundraising $12

• 20 · Interest

  total $128 · program services $128

• 22 · Depreciation, depletion and amortization

  total $667,195 · program services $667,195

• 23 · Insurance

  total $537,043 · program services $523,737 · management and general $12,818 · fundraising $488

• 24a · Other expenses: Allocations

  total $4,550,533 · program services $4,437,785 · management and general $108,615 · fundraising $4,133

• 24b · Other expenses: Medical Supplies

  total $4,177,541 · program services $4,177,541

• 24c · Other expenses: Miscellaneous

  total $516,017 · program services $510,845 · management and general $4,983 · fundraising $189

• 24d · Other expenses: Food

  total $206,530 · program services $201,412 · management and general $4,930 · fundraising $188

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $2,630,990 · end of year $7,029,444

• 4 · Accounts receivable

  beginning of year $5,132,757 · end of year $4,830,972

• 7 · Other notes and loans receivable

  beginning of year $11,439,300 · end of year $16,660,000

• 8 · Inventories for sale or use

  beginning of year $272,185 · end of year $263,157

• 9 · Prepaid expenses and deferred charges

  beginning of year $14,643 · end of year $277,251

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

  $19,825,694

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

  $15,697,139

• 10c · Land, buildings and equipment, net

  beginning of year $4,585,109 · end of year $4,128,555

• 11 · Investments: publicly traded securities

  beginning of year $1,819,958 · end of year $374,263

• 15 · Other assets

  beginning of year $5,000 · end of year $1,179,570

• 17 · Accounts payable and accrued expenses

  beginning of year $7,418,160 · end of year $3,446,753

• 19 · Deferred revenue

  beginning of year $882,852

• 25 · Other liabilities

  beginning of year $631,139 · end of year $3,504,820

• 27 · Net assets without donor restrictions

  beginning of year $15,106,440 · end of year $26,243,127

• 28 · Net assets with donor restrictions

  beginning of year $1,861,351 · end of year $1,548,512

The filer's explanations (Part III)

Part I, Line 3

Henry Heywood Memorial Hospital, a related organization, uses the following methods to establish the compensation of the Organization's CEO: - Compensation committee - Independent compensation consultant - Form 990 of other ogranizations - Written employment contract - Compensation survey or study - Approval by the board or compensation committee

Part I, Line 7

Heywood Healthcare has an incentive (bonus) program for senior administration, directors, and managers that is a predefined percentage of their annual salary. The incentive program is structured on the financial health of the organization as well other indicators based surrounding leadership level.

Related partnerships

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

• Shields Imaging at Heywood Healthcare LLC

  Imaging Services · MA