Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $1,564,361

• 2a · Program service revenue: Patient Svc Revenue

  total $214,131,843 · related or exempt $214,131,843

• 2b · Program service revenue: Other Program Support

  total $8,524 · related or exempt $8,524

• 6a · Gross rents

  real property $943,876

• 6b · Less rental expenses

  real property $688,709

• 6c · Rental income or loss

  real property $255,167

• 6d · Net rental income or loss

  total $255,167 · excluded $255,167

• 7a · Gross sales of assets other than inventory

  other assets $10,615

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

  other assets $15,825

• 7c · Gain or loss

  other assets -$5,210

• 7d · Net gain or loss

  total -$5,210 · excluded -$5,210

• 11a · Other revenue: UBI - Landscaping

  total $4,649 · unrelated business $4,649

• 11e · Other revenue, total

  $4,649

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $131,185 · program services $131,185

• 7 · Other salaries and wages

  total $61,615,353 · program services $60,965,236 · management and general $650,117

• 8 · Pension plan contributions

  total $1,929,740 · program services $1,908,225 · management and general $21,515

• 9 · Other employee benefits

  total $6,494,445 · program services $6,422,039 · management and general $72,406

• 10 · Payroll taxes

  total $4,336,530 · program services $4,288,182 · management and general $48,348

• 11c · Fees: accounting

  total $69,798 · management and general $69,798

• 11d · Fees: lobbying

  total $19,386 · program services $19,386

• 11g · Fees: other

  total $45,259,071 · program services $15,790,208 · management and general $29,468,863

• 12 · Advertising and promotion

  total $8,000 · management and general $8,000

• 13 · Office expenses

  total $4,592,300 · program services $4,302,890 · management and general $289,410

• 14 · Information technology

  total $416,198 · program services $406,584 · management and general $9,614

• 16 · Occupancy

  total $1,816,520 · program services $865,972 · management and general $950,548

• 17 · Travel

  total $5,360 · program services $4,373 · management and general $987

• 19 · Conferences, conventions and meetings

  total $7,603 · program services $7,603

• 20 · Interest

  total $1,610,933 · program services $1,610,933

• 22 · Depreciation, depletion and amortization

  total $9,730,004 · program services $7,457,391 · management and general $2,272,613

• 23 · Insurance

  total $246,945 · program services $18,993 · management and general $227,952

• 24a · Other expenses: Medical Supplies

  total $33,197,793 · program services $33,197,793

• 24b · Other expenses: Bad Debts

  total $9,306,702 · program services $9,306,702

• 24c · Other expenses: Licenses & Taxes

  total $9,038,774 · program services $9,009,267 · management and general $29,507

• 24d · Other expenses: Freight

  total $204,731 · program services $1,857 · management and general $202,874

• 24e · All other expenses

  total $258,351 · program services $92,263 · management and general $166,088

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $0 · end of year $54

• 2 · Savings and temporary cash investments

  beginning of year $253,098 · end of year $278,225

• 4 · Accounts receivable

  beginning of year $23,822,800 · end of year $23,447,747

• 8 · Inventories for sale or use

  beginning of year $3,952,881 · end of year $3,081,092

• 9 · Prepaid expenses and deferred charges

  beginning of year $913,853 · end of year $489,648

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

  $278,114,878

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

  $91,876,156

• 10c · Land, buildings and equipment, net

  beginning of year $121,866,641 · end of year $186,238,722

• 14 · Intangible assets

  beginning of year $4,996,591 · end of year $4,330,379

• 15 · Other assets

  beginning of year $21,016,347 · end of year $94,336,784

• 17 · Accounts payable and accrued expenses

  beginning of year $8,912,118 · end of year $8,114,619

• 19 · Deferred revenue

  beginning of year $54,167 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $132,810,696 · end of year $129,251,879

• 25 · Other liabilities

  beginning of year $34,035,605 · end of year $101,093,248

• 27 · Net assets without donor restrictions

  beginning of year $1,009,625 · end of year $73,742,905

The filer's explanations (Part III)

Part I, Line 1a

Tax Indemnification and Gross-up Payments: Kevin Desmond and Jennifer Fleiner - included in taxable compensation

Part I, Line 3

Renown South Meadows Medical Center relied on Renown Health, a related organization to establish compensation for its top management official. Renown Health used the following methods to establish compensation: compensation committee, independent compensation consultant, compensation survey or study, and approval by the board or compensation committee. See Renown Health's Form 990, Schedule O, narrative for Part VI, Section B, Line 15 for a description of the process utilized by Renown Health.

Part I, Line 4b

Brian Erling, Anna Loomis, and Sam Weller are parties to a supplemental nonqualified retirement plan. Contributions of $190,510 to Brian Erling, $46,875 to Anna Loomis, and $60,899 to Sam Weller were included in Schedule J, Part II, Column (C).

Related corporations and trusts

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

• Renown Businesses

  C · Health Care · NV

• Hometown Health Management Company

  C · Management Services · NV

• Hometown Health Providers Insurance Company Inc

  C · Insurance · NV