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Nonprofiteer
← INDEPENDENT HEALTHCARE MANAGEMENT INC

Form 990 for tax year 2022

Filed by INDEPENDENT HEALTHCARE MANAGEMENT INC.

Totals

Total revenue
$49,295,180
Total expenses
$45,435,425
Contributions and grants received
$3,392,585
Grants paid
$0
Program service revenue
$37,355,051
Investment income
$13,443
Other revenue
$8,534,101
Total assets, end of year
$38,587,171
Total liabilities, end of year
$27,455,917
Net assets or fund balances, end of year
$11,131,254
Program services expenses (Part IX)
$37,124,938
Management and general expenses
$8,310,487
Fundraising expenses
$0
Program service expenses (Part III)
$37,124,938

Program services were 81.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $3,392,585

  • 2a · Program service revenue: PATIENT SERVICES

    total $33,953,465 · related or exempt $33,953,465

  • 2b · Program service revenue: 340B REVENUE

    total $3,401,586 · related or exempt $3,401,586

  • 3 · Investment income

    total $13,443 · excluded $13,443

  • 11a · Other revenue: OTHER MISC REVENUE

    total $6,328,926 · related or exempt $6,328,926

  • 11b · Other revenue: EARNINGS IN SUBSIDIARIES

    total $2,205,175 · related or exempt $2,205,175

  • 11e · Other revenue, total

    $8,534,101

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $17,426,200 · program services $15,968,480 · management and general $1,457,720

  • 11g · Fees: other

    total $8,286,028 · program services $6,855,295 · management and general $1,430,733

  • 16 · Occupancy

    total $381,644 · program services $234,898 · management and general $146,746

  • 17 · Travel

    total $67,407 · program services $48,035 · management and general $19,372

  • 20 · Interest

    total $505,451 · management and general $505,451

  • 22 · Depreciation, depletion and amortization

    total $298,098 · program services $222,002 · management and general $76,096

  • 23 · Insurance

    total $544,735 · program services $11,643 · management and general $533,092

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $8,670,917 · program services $8,670,917

  • 24b · Other expenses: SUPPLIES

    total $4,907,435 · program services $3,362,200 · management and general $1,545,235

  • 24c · Other expenses: DONATIONS IN SUB

    total $1,969,467 · management and general $1,969,467

  • 24d · Other expenses: UTILITIES AND MAINTENAN

    total $1,101,230 · program services $857,161 · management and general $244,069

  • 24e · All other expenses

    total $1,276,813 · program services $894,307 · management and general $382,506

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,322,381 · end of year $8,300,431

  • 4 · Accounts receivable

    beginning of year $5,427,048 · end of year $4,768,998

  • 7 · Other notes and loans receivable

    end of year $14,613,990

  • 8 · Inventories for sale or use

    beginning of year $180,186 · end of year $165,133

  • 9 · Prepaid expenses and deferred charges

    beginning of year $89,855 · end of year $118,367

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

    $7,201,732

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

    $4,529,784

  • 10c · Land, buildings and equipment, net

    beginning of year $1,911,429 · end of year $2,671,948

  • 12 · Investments: other securities

    end of year $2,129,403

  • 14 · Intangible assets

    beginning of year $10,646 · end of year $1,165,870

  • 15 · Other assets

    beginning of year $2,243,235 · end of year $4,653,031

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,028,518 · end of year $1,872,719

  • 23 · Secured mortgages and notes payable

    beginning of year $2,249,987 · end of year $15,617,188

  • 25 · Other liabilities

    beginning of year $9,611,980 · end of year $9,966,010

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $6,294,295 · end of year $11,131,254

Mission and programs · 2022

Mission

INDEPENDENT HEALTHCARE MANAGEMENT OPERATES A HOSPITAL AND SEVERAL AFFILIATED MEDICAL CLINICS IN FOREST, MISSISSIPPI AND SCOTT COUNTY, MISSISSIPPI.

  • COMMUNITY HOSPITAL PROVIDING MEDICAL CARE.

    Expenses $37,124,938 · Revenue $45,889,149

  • COMMUNITY HOSPITAL PROVIDING MEDICAL CARE

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr John Paul Lee

    CHAIRMAN

    Total calculated
    $346,232
    From this org
    $346,232
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $267,086
    Bonus
    $79,146
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $346,232

  • Joseph S Josh McNulty IV

    SECRETARY

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • James Johnston

    DIRECTOR

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Dr Greg Oden

    DIRECTOR

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Scott Palmer

    DIRECTOR

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Sydeny Sawyer

    DIRECTOR

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Sydney Sawyer

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $211,973
    From this org
    $0
    From related orgs
    $175,813
    Other
    $36,160
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $175,813 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $19,998 related
    Nontaxable benefits
    $0 + $16,162 related
    Filer's total
    $0 + $211,973 related

  • Bernard G Harrell

    PHYSICIAN

    Total calculated
    $421,574
    From this org
    $388,134
    From related orgs
    $0
    Other
    $33,440
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $274,614
    Bonus
    $113,520
    Other
    $0
    Deferred
    $20,500
    Nontaxable benefits
    $12,940
    Filer's total
    $421,574

  • Mohommad S Arain

    PHYSICIAN

    Total calculated
    $463,404
    From this org
    $428,976
    From related orgs
    $0
    Other
    $34,428
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,932
    Bonus
    $178,044
    Other
    $0
    Deferred
    $18,200
    Nontaxable benefits
    $16,228
    Filer's total
    $463,404

  • Tiffany Allison

    PHYSICIAN

    Total calculated
    $374,381
    From this org
    $351,471
    From related orgs
    $0
    Other
    $22,910
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $302,400
    Bonus
    $49,071
    Other
    $0
    Deferred
    $17,048
    Nontaxable benefits
    $5,862
    Filer's total
    $374,381

  • Austin Howard

    PHYSICIAN

    Total calculated
    $299,755
    From this org
    $298,804
    From related orgs
    $0
    Other
    $951
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,248
    Bonus
    $107,556
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $951
    Filer's total
    $299,755

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

None.

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
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

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

  • KANOPY HEALTHCARE PARTNERS

    C · MANAGEMENT SERVICES · MS · 100% owned

  • INDEPEDENDENT HEALTHCARE MANAGEMENT II LLC

    C · MANAGEMENT SERVICES · MS · 100% owned

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202333199349315858

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