Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $6,752,680

• 1e · Government grants (contributions)

  $3,223,953

• 2a · Program service revenue: Medical Services

  total $147,897,936 · related or exempt $147,897,936

• 2b · Program service revenue: Patient Housing

  total $315,399 · related or exempt $315,399

• 2f · All other program service revenue

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

• 3 · Investment income

  total $6,136,019 · excluded $6,136,019

• 6a · Gross rents

  real property $164,136

• 6b · Less rental expenses

  real property $88,039

• 6c · Rental income or loss

  real property $76,097 · personal property $0

• 6d · Net rental income or loss

  total $76,097 · excluded $76,097

• 7a · Gross sales of assets other than inventory

  securities $36,925,461

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

  securities $39,153,109 · other assets $1,011,160

• 7c · Gain or loss

  securities -$2,227,648 · other assets -$1,011,160

• 7d · Net gain or loss

  total -$3,238,808 · excluded -$3,238,808

• 11a · Other revenue: Peak Wellness Center

  total $1,109,137 · related or exempt $1,109,137

• 11b · Other revenue: Research Grants Indirect Cost

  total $1,058,728 · related or exempt $1,058,728

• 11c · Other revenue: Cafeteria Revenue

  total $764,037 · excluded $764,037

• 11d · All other revenue

  total $682,742 · related or exempt $682,742 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $3,614,644

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $231,302 · program services $231,302

• 4 · Benefits paid to or for members

  total $0 · program services $0

• 5 · Compensation of officers, directors and key employees

  total $2,971,981 · management and general $2,971,981

• 7 · Other salaries and wages

  total $80,103,639 · program services $64,244,755 · management and general $13,634,407 · fundraising $2,224,477

• 8 · Pension plan contributions

  total $5,545,797 · program services $5,013,650 · management and general $532,147

• 9 · Other employee benefits

  total $13,309,486 · program services $10,758,682 · management and general $2,105,909 · fundraising $444,895

• 10 · Payroll taxes

  total $6,142,184 · program services $4,816,868 · management and general $1,156,276 · fundraising $169,040

• 11b · Fees: legal

  total $663,026 · management and general $663,026

• 11c · Fees: accounting

  total $126,438 · management and general $110,183 · fundraising $16,255

• 11d · Fees: lobbying

  total $122,345 · management and general $122,345

• 11f · Fees: investment management

  total $322,720 · management and general $322,720

• 11g · Fees: other

  total $13,622,029 · program services $12,606,595 · management and general $1,005,059 · fundraising $10,375

• 12 · Advertising and promotion

  total $1,259,114 · management and general $1,073,710 · fundraising $185,404

• 13 · Office expenses

  total $1,551,922 · program services $744,062 · management and general $723,453 · fundraising $84,407

• 14 · Information technology

  total $7,596,809 · program services $28,018 · management and general $7,568,791

• 16 · Occupancy

  total $2,828,907 · program services $2,402,322 · management and general $426,421 · fundraising $164

• 17 · Travel

  total $787,762 · program services $356,255 · management and general $422,602 · fundraising $8,905

• 19 · Conferences, conventions and meetings

  total $72,991 · management and general $67,213 · fundraising $5,778

• 20 · Interest

  total $1,675,231 · management and general $1,675,231

• 22 · Depreciation, depletion and amortization

  total $8,943,406 · program services $7,601,895 · management and general $1,341,511

• 23 · Insurance

  total $466,311 · management and general $466,311

• 24a · Other expenses: Medical Supplies

  total $4,897,288 · program services $4,885,088 · management and general $12,200

• 24b · Other expenses: Research Expense

  total $3,612,325 · program services $3,612,325

• 24c · Other expenses: Food Expense

  total $1,363,573 · program services $1,324,813 · management and general $38,760

• 24d · Other expenses: Minor Equipment/Repair

  total $1,359,521 · program services $725,096 · management and general $558,159 · fundraising $76,266

• 24e · All other expenses

  total $356,837 · program services $276,607 · management and general $63,380 · fundraising $16,850

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $9,765,635 · end of year $5,673,041

• 2 · Savings and temporary cash investments

  beginning of year $2,036,574 · end of year $90,137

• 3 · Pledges and grants receivable

  beginning of year $715,552 · end of year $826,753

• 4 · Accounts receivable

  beginning of year $41,864,188 · end of year $51,126,070

• 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 $551,783 · end of year $553,603

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,232,151 · end of year $3,438,968

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

  $208,281,977

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

  $102,643,634

• 10c · Land, buildings and equipment, net

  beginning of year $108,847,929 · end of year $105,638,343

• 11 · Investments: publicly traded securities

  beginning of year $145,690,291 · end of year $170,967,826

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $33,377,274 · end of year $41,843,136

• 17 · Accounts payable and accrued expenses

  beginning of year $28,158,851 · end of year $27,314,647

• 20 · Tax-exempt bond liabilities

  beginning of year $41,228,159 · end of year $41,050,215

• 22 · Loans and payables to officers and key people

  end of year $0

• 25 · Other liabilities

  beginning of year $0 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $251,650,207 · end of year $284,139,792

• 28 · Net assets with donor restrictions

  beginning of year $24,044,160 · end of year $27,653,223

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

The executive committee commissions and independent compensation consulting firm every 2-3 years to conduct a study of compensation of the key leadership positions within the hospital utilizing data from both local and national hospitals. This data is then used by the executive committee when it approved the compensation of the president/CEO and other top management positions within the hospital. All of the details of the deliberation and decision-making process are documented in the executive committee meeting minutes.

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

Hospital officers participate in a non-qualified 457f retirement plan. During the tax year, the following amounts were earned and funded by the hospital: Jandel Allen-Davis $80,000, Dan Frank $40,000, Diane Reinhard $40,000, Dana Polonsky $40,000, Amie Staudenmaier $40,000 and Derrek Hidalgo $40,000

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

Discretionary bonuses of up to 10% of base pay are paid to department directors, up to 15% for vice president and up to 30% for president/CEO upon attaining specified performance goals.

Schedule J, Part II, Column (F)

THE AMOUNTS LISTED IN COLUMN F ARE THE ACCRUAL PAYOUTS OF THE 457(F) PLAN THAT LINE 4B DISCUSSES. THE AMOUNTS IN COLUMN F ARE THE ACCRUALS FROM PRIOR YEARS THAT ARE PAID OUT IN 2023: DIANE REINHARD $61,468, DANA POLONSKY $27,074.