Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,513,477

• 1f · All other contributions, gifts and grants

  $4,413,616

• 1g · Noncash contributions included above

  $4,000,150

• 2a · Program service revenue: Patient Services

  total $95,978,797 · related or exempt $95,978,797

• 2b · Program service revenue: Nutritional Services

  total $174,677 · related or exempt $174,677

• 2c · Program service revenue: PHARMACY SALES

  total $2,757,941 · related or exempt $2,757,941

• 2d · Program service revenue: MEDICAID DSH PAYMENT

  total $12,301,388 · related or exempt $12,301,388

• 2f · All other program service revenue

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

• 3 · Investment income

  total $1,206,724 · unrelated business $42,817 · excluded $1,163,907

• 6a · Gross rents

  real property $121,246

• 6c · Rental income or loss

  real property $121,246 · personal property $0

• 6d · Net rental income or loss

  total $121,246 · excluded $121,246

• 7a · Gross sales of assets other than inventory

  securities $2,554 · other assets $7,770

• 7c · Gain or loss

  securities $2,554 · other assets $7,770

• 7d · Net gain or loss

  total $10,324 · excluded $10,324

• 11a · Other revenue: PURCHASE REBATES AND DISCOUNTS

  total $412,561 · related or exempt $412,561

• 11b · Other revenue: MISCELLANEOUS

  total $225,368 · related or exempt $225,368

• 11d · All other revenue

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

• 11e · Other revenue, total

  $637,929

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $14,870 · program services $14,870

• 5 · Compensation of officers, directors and key employees

  total $2,214,974 · program services $588,771 · management and general $1,598,686 · fundraising $27,517

• 7 · Other salaries and wages

  total $51,057,088 · program services $48,971,427 · management and general $1,955,908 · fundraising $129,753

• 8 · Pension plan contributions

  total $2,718,482 · program services $2,607,433 · management and general $104,140 · fundraising $6,909

• 9 · Other employee benefits

  total $8,567,024 · program services $8,217,064 · management and general $328,188 · fundraising $21,772

• 10 · Payroll taxes

  total $2,620,754 · program services $2,513,697 · management and general $100,397 · fundraising $6,660

• 11b · Fees: legal

  total $4,485 · program services $4,485

• 11c · Fees: accounting

  total $11,475 · program services $11,475

• 11g · Fees: other

  total $7,713,107 · program services $2,630,765 · management and general $5,082,342 · fundraising $0

• 12 · Advertising and promotion

  total $41,967 · program services $39,537 · management and general $2,430

• 13 · Office expenses

  total $221,601 · program services $169,325 · management and general $52,276

• 14 · Information technology

  total $116,669 · program services $25,123 · management and general $91,546

• 16 · Occupancy

  total $1,772,463 · program services $1,655,686 · management and general $116,777

• 17 · Travel

  total $130,747 · program services $102,439 · management and general $28,308

• 19 · Conferences, conventions and meetings

  total $11,336 · program services $10,292 · management and general $1,044

• 20 · Interest

  total $779,086 · program services $331,359 · management and general $447,727

• 22 · Depreciation, depletion and amortization

  total $3,419,551 · program services $2,826,431 · management and general $593,120

• 23 · Insurance

  total $681,251 · program services $557,152 · management and general $124,099

• 24a · Other expenses: Drugs/medical supplies

  total $14,685,168 · program services $14,685,168

• 24b · Other expenses: Medicaid Enhancement Tax

  total $4,364,021 · program services $4,364,021

• 24c · Other expenses: Repairs/maintenance

  total $2,219,863 · program services $1,875,744 · management and general $344,119

• 24d · Other expenses: All other expenses

  total $557,933 · program services $337,355 · management and general $220,578

• 24e · All other expenses

  total $295,714 · program services $93,509 · management and general $202,205 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $34,977,939 · end of year $47,496,758

• 2 · Savings and temporary cash investments

  beginning of year $5,772,155 · end of year $6,658,732

• 4 · Accounts receivable

  beginning of year $10,892,710 · end of year $9,307,270

• 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

• 7 · Other notes and loans receivable

  beginning of year $9,254,233 · end of year $366,466

• 8 · Inventories for sale or use

  beginning of year $432,490 · end of year $481,519

• 9 · Prepaid expenses and deferred charges

  beginning of year $477,128 · end of year $520,262

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

  $72,116,533

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

  $44,470,586

• 10c · Land, buildings and equipment, net

  beginning of year $27,724,059 · end of year $27,645,947

• 12 · Investments: other securities

  beginning of year $15,720,716 · end of year $23,109,959

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  beginning of year $5,131,433 · end of year $5,131,433

• 15 · Other assets

  beginning of year $16,261,727 · end of year $25,571,171

• 17 · Accounts payable and accrued expenses

  beginning of year $7,463,873 · end of year $11,349,405

• 20 · Tax-exempt bond liabilities

  beginning of year $22,860,000 · end of year $21,967,110

• 22 · Loans and payables to officers and key people

  end of year $0

• 25 · Other liabilities

  beginning of year $30,130,315 · end of year $29,037,394

• 27 · Net assets without donor restrictions

  beginning of year $63,708,222 · end of year $81,304,753

• 28 · Net assets with donor restrictions

  beginning of year $2,482,180 · end of year $2,630,855

The filer's explanations (Part III)

Schedule J, Part I, Line 7 Non-fixed payments

Certain Alice Peck Day Memorial Hospital employees listed on Schedule J were paid a bonus in lieu of a 2% cost of living raise for calendar 2023. Instead, management awarded a 2% bonus calculated on base pay.