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Nonprofiteer
← ST MARKS MEDICAL CENTER

Form 990 for tax year 2024

Filed by ST MARKS MEDICAL CENTER.

Totals

Total revenue
-$3,343,655
Total expenses
$293,188
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$33,848
Investment income
-$3,583,108
Other revenue
$205,605
Total assets, end of year
$75,383
Total liabilities, end of year
$7,655,828
Net assets or fund balances, end of year
-$7,580,445
Program services expenses (Part IX)
-$28,374
Management and general expenses
$321,562
Fundraising expenses
$0
Program service expenses (Part III)
-$28,374

Program services were -9.7% 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.

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $33,848 · related or exempt $33,848 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $13,812 · related or exempt $0 · unrelated business $0 · excluded $13,812

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    other assets $10,612,584

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

    other assets $14,209,504

  • 7c · Gain or loss

    securities $0 · other assets -$3,596,920

  • 7d · Net gain or loss

    total -$3,596,920 · related or exempt $0 · unrelated business $0 · excluded -$3,596,920

  • 11a · Other revenue: Property insurance proceeds

    total $189,420 · related or exempt $0 · unrelated business $0 · excluded $189,420

  • 11b · Other revenue: OTHER INCOME

    total $16,185 · related or exempt $0 · unrelated business $0 · excluded $16,185

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $205,605

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 9 · Other employee benefits

    total -$671 · program services -$671 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $34,412 · program services $34,412 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $28,024 · program services $11,628 · management and general $16,396 · fundraising $0

  • 11b · Fees: legal

    total $12,581 · program services $0 · management and general $12,581 · fundraising $0

  • 11c · Fees: accounting

    total $161 · program services $0 · management and general $161 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $7,346 · program services $0 · management and general $7,346 · fundraising $0

  • 16 · Occupancy

    total $111,044 · program services $111,044 · management and general $0 · fundraising $0

  • 17 · Travel

    total $970 · program services $0 · management and general $970 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $597,177 · program services $340,769 · management and general $256,408 · fundraising $0

  • 23 · Insurance

    total $93,736 · program services $93,736 · management and general $0 · fundraising $0

  • 24a · Other expenses: OTHER

    total $793 · program services $793 · management and general $0 · fundraising $0

  • 24b · Other expenses: MEDICAL SUPPLIES

    total -$1,262 · program services -$1,262 · management and general $0 · fundraising $0

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total -$14,729 · program services $5,271 · management and general -$20,000 · fundraising $0

  • 24d · Other expenses: RENTALS

    total -$576,394 · program services -$624,094 · management and general $47,700 · fundraising $0

  • 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 $51,093 · end of year $30,060

  • 4 · Accounts receivable

    beginning of year $6,932 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $451,553 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $45,323

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $13,776,507 · end of year $45,323

  • 12 · Investments: other securities

    beginning of year $1,593,596

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,607,811 · end of year $5,599,577

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $12,917,406 · end of year $774,527

  • 25 · Other liabilities

    beginning of year $1,298,066 · end of year $1,281,724

  • 27 · Net assets without donor restrictions

    beginning of year -$3,943,602 · end of year -$7,580,445

Mission and programs · 2024

Mission

WE PROVIDE EXCELLENT CARE WITH A SPIRIT OF HOMETOWN TRUST.

  • ST. MARK'S MEDICAL CENTER (SMMC) was A COMMUNITY HEALTH PROVIDER THAT SERVEd THE COMMUNITY REGARDLESS OF ANY INDIVIDUAL'S RACE, CREED, NATIONALITY, OR ABILITY TO PAY FOR SERVICES INCLUDING OUTPATIENT, AND EMERGENCY CARE IN SUPPORT OF THE HOSPITAL'S HEALTHCARE MISSION. ON OCTOBER 12, 2023, THE HOSPITAL CEASED OPERATIONS DUE TO ONGOING, INSURMOUNTABLE FINANCIAL DIFFICULTIES and returned the hospital license to the state. The entity is currently winding down its affairs.

    Expenses -$28,374 · Revenue $33,848

As filed on the 2024 return.

Listed in Part VII

  • DUDLEY PILAND

    CHAIRMAN

    Total calculated
    $50,800
    From this org
    $0
    From related orgs
    $50,800
    Other
    $0
    Hours/week
    1 + 1 related

  • MICHAEL CORKER

    DIRECTOR/VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • ALAN CASEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Allyson Borgstedte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CRAIG SIMS

    DIRECTOR

    Total calculated
    $541,745
    From this org
    $0
    From related orgs
    $480,823
    Other
    $60,922
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $431,553 related
    Bonus
    $0 + $21,939 related
    Other
    $0 + $27,331 related
    Deferred
    $0 + $29,042 related
    Nontaxable benefits
    $0 + $31,880 related
    Filer's total
    $0 + $541,745 related

  • Jason McBroom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK CLAYTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RAY WALTHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RODNEY MERSIOVSKY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THOMAS BORGSTEDTE

    Director

    Total calculated
    $0
    Hours/week
    1

  • TIM KNESEK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WESS BLACKWELL MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LINDA MOORE

    AST. SECRETARY

    Total calculated
    $534,405
    From this org
    $0
    From related orgs
    $482,307
    Other
    $52,098
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $370,712 related
    Bonus
    $0 + $74,202 related
    Other
    $0 + $37,393 related
    Deferred
    $0 + $28,381 related
    Nontaxable benefits
    $0 + $23,717 related
    Filer's total
    $0 + $534,405 related

  • MARK KIMBALL

    PRESIDENT & CEO (until 12/2023)

    Total calculated
    $317,125
    From this org
    $0
    From related orgs
    $268,089
    Other
    $49,036
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $262,596 related
    Bonus
    $0
    Other
    $0 + $5,493 related
    Deferred
    $0 + $13,362 related
    Nontaxable benefits
    $0 + $35,674 related
    Filer's total
    $0 + $317,125 related

  • TAMMY HARTFIELD

    CNO (until 12/2023)

    Total calculated
    $246,579
    From this org
    $0
    From related orgs
    $206,219
    Other
    $40,360
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $183,310 related
    Bonus
    $0 + $19,000 related
    Other
    $0 + $3,909 related
    Deferred
    $0 + $14,243 related
    Nontaxable benefits
    $0 + $26,117 related
    Filer's total
    $0 + $246,579 related

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE ORGANIZATION'S EXECUTIVES ARE EMPLOYED BY THE PARENT ORGANIZATION COMMUNITY HOSPITAL CORPORATION (CHC) AND THEREFORE FOLLOW THE COMPENSATION POLICY OF CHC. CHC ENGAGED SULLIVAN COTTER TO CONDUCT A COMPETITIVE MARKET ANALYSIS OF THE COMPENSATION OF CHC'S TOP MANAGEMENT OFFICIALS, OFFICERS, DIRECTORS AND KEY EMPLOYEES. SULLIVAN COTTER GATHERED DATA RELATED TO JOB DESCRIPTIONS, SCOPE OF RESPONSIBILITIES, AND CURRENT INCUMBENTS' COMPENSATION. SULLIVAN COTTER RECOMMENDED APPROPRIATE COMPARISON DATA AND UTILIZED SURVEY DATA FROM FOUR MAJOR EXECUTIVE COMPENSATION SURVEY PROVIDERS TO PROVIDE MARKET DATA AND EXECUTIVE COMPENSATION RECOMMENDATIONS THAT MEET CHC'S COMPENSATION PHILOSOPHY. SULLIVAN COTTER'S RECOMMENDATIONS WERE PRESENTED TO THE CHC COMPENSATION COMMITTEE OF THE BOARD FOR REVIEW AND APPROVAL. CHC ALSO CONDUCTS PERIODIC REVIEWS OF COMPENSATION TO DETERMINE WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING. THE ORGANIZATION FOLLOWED THIS PROCESS FOR THE YEAR ENDED JUNE 30, 2025 FOR ITS OFFICERS, DIRECTORS, KEY EMPLOYEES AND OTHER MANAGEMENT OFFICIALS.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
NONQUALIFIED RETIREMENT PLAN PARTICIPATION WAS PAID TO: Linda Moore - $18,031 Craig Sims - $18,692

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

  • COMMUNITY HEALTH ASSURANCE SPC LTD

    C Corporation · CAPTIVE INSURANCE · CJ · share of income $0 · share of assets $0

    Directly controlled by CHC

  • COMMUNITY HOSPITAL CONSULTING INC

    C Corporation · MGMT CONSULTING · TX · share of income $0 · share of assets $0

    Directly controlled by CHC

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

1 distribution to a recipient named as a person, $10,590,583. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type
form_990
Tax year
2024
Filed
4 May 2026
IRS schema version
2024v5.1
Source object
202601249349300940

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