Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $1,314,494

• 1f · All other contributions, gifts and grants

  $124,790

• 2a · Program service revenue: Net Patient Service Revenue

  total $263,704,742 · related or exempt $263,704,742

• 2b · Program service revenue: Other Operating Revenue

  total $24,940,666 · related or exempt $24,152,472 · unrelated business $788,194

• 2f · All other program service revenue

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

• 3 · Investment income

  total $5,749,240 · excluded $5,749,240

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $987,691

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

  other assets $165,883

• 7c · Gain or loss

  securities $987,691 · other assets -$165,883

• 7d · Net gain or loss

  total $821,808 · excluded $821,808

• 11d · All other revenue

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

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $364,360 · program services $364,360

• 2 · Grants to domestic individuals

  total $18,800 · program services $18,800

• 5 · Compensation of officers, directors and key employees

  total $2,246,398 · program services $2,111,614 · management and general $134,784

• 6 · Compensation of disqualified persons

  total $69,006 · program services $69,006

• 7 · Other salaries and wages

  total $84,194,161 · program services $79,138,372 · management and general $5,055,789

• 8 · Pension plan contributions

  total $8,985,417 · program services $8,446,293 · management and general $539,124

• 9 · Other employee benefits

  total $11,104,492 · program services $10,438,222 · management and general $666,270

• 10 · Payroll taxes

  total $6,411,520 · program services $6,026,829 · management and general $384,691

• 11b · Fees: legal

  total $242,959 · management and general $242,959

• 11c · Fees: accounting

  total $25,251 · management and general $25,251

• 11d · Fees: lobbying

  total $169 · management and general $169

• 11f · Fees: investment management

  total $207,582 · management and general $207,582

• 11g · Fees: other

  total $51,263,920 · program services $46,287,951 · management and general $4,975,969 · fundraising $0

• 12 · Advertising and promotion

  total $574,375 · program services $574,375

• 13 · Office expenses

  total $1,762,709 · management and general $1,762,709

• 14 · Information technology

  total $501,533 · program services $446,364 · management and general $55,169

• 16 · Occupancy

  total $1,656,212 · program services $1,275,283 · management and general $380,929

• 17 · Travel

  total $852,322 · program services $656,289 · management and general $196,033

• 20 · Interest

  total $709,824 · program services $709,824

• 22 · Depreciation, depletion and amortization

  total $14,166,501 · program services $14,166,501

• 23 · Insurance

  total $1,020,292 · program services $1,020,292

• 24a · Other expenses: Medical Supplies

  total $42,281,048 · program services $42,281,048

• 24b · Other expenses: BAD DEBT

  total $26,014,830 · program services $26,014,830

• 24c · Other expenses: MISCELLANEOUS EXPENSE

  total $8,871,117 · program services $6,746,958 · management and general $2,124,159

• 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 $607,286 · end of year $315,018

• 2 · Savings and temporary cash investments

  beginning of year $19,101,566 · end of year $19,997,306

• 4 · Accounts receivable

  beginning of year $35,268,807 · end of year $26,850,949

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 8 · Inventories for sale or use

  beginning of year $1,636,508 · end of year $1,854,941

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,284,230 · end of year $982,765

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

  $243,283,881

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

  $170,745,363

• 10c · Land, buildings and equipment, net

  beginning of year $73,161,886 · end of year $72,538,518

• 11 · Investments: publicly traded securities

  beginning of year $155,322,091 · end of year $198,939,611

• 12 · Investments: other securities

  beginning of year $1,028,253 · end of year $1,080,075

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $35,651,234 · end of year $56,489,090

• 17 · Accounts payable and accrued expenses

  beginning of year $32,988,659 · end of year $39,631,183

• 20 · Tax-exempt bond liabilities

  beginning of year $42,786,503 · end of year $41,808,968

• 22 · Loans and payables to officers and key people

  end of year $0

• 25 · Other liabilities

  beginning of year $12,998,216 · end of year $19,787,975

• 27 · Net assets without donor restrictions

  beginning of year $232,483,736 · end of year $275,840,384

• 28 · Net assets with donor restrictions

  beginning of year $1,804,747 · end of year $1,979,763

The filer's explanations (Part III)

Schedule J, Part I, Line 4a Severance or change-of-control payment

Kelvin Oxendine, former VP of HR received a severance payment of $57,966.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

The Organization has a SERP Plan in Place for Officers of the Organization. No deferrals were made during the fiscal year.

Compensation from unrelated Organization

The Organization's CEO & CFO are compensated by Atrium Health an unrelated organization for services provided to Scotland Health Care System and its related organizations. This compensation has been reported in the compensation paid by filing Organization column for Part VII and row for Schedule J.

Related partnerships

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

• Cardiovascular Center of Scotland County LLC

  Related · Cardiovascular Service - Patient Care · NC · 50% owned · share of income -$174,293 · share of assets $853,967

  Directly controlled by NA