Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $202,750

• 2a · Program service revenue: PATIENT SERVICE REVENUE

  total $229,734,225 · related or exempt $229,734,225

• 2b · Program service revenue: OTHER PROGRAM REVENUE

  total $40,836 · related or exempt $40,836

• 3 · Investment income

  total $1,303,042 · excluded $1,303,042

• 6a · Gross rents

  real property $1,619,764

• 6b · Less rental expenses

  real property $4,469,584

• 6c · Rental income or loss

  real property -$2,849,820

• 6d · Net rental income or loss

  total -$2,849,820 · related or exempt -$2,849,820

• 7a · Gross sales of assets other than inventory

  securities $1,519,443

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

  securities $0

• 7c · Gain or loss

  securities $1,519,443

• 7d · Net gain or loss

  total $1,519,443 · excluded $1,519,443

• 11a · Other revenue: SELF INSURED TRUST

  total $343,244 · excluded $343,244

• 11b · Other revenue: REVENUE FROM JOINT VENTURES

  total $136,385 · excluded $136,385

• 11c · Other revenue: PURCHASE REBATES

  total $16,295 · related or exempt $16,295

• 11d · All other revenue

  total $1,864,429 · related or exempt $1,343,209 · excluded $521,220

• 11e · Other revenue, total

  $2,360,353

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $3,610,988 · management and general $3,610,988

• 7 · Other salaries and wages

  total $96,677,229 · program services $93,348,934 · management and general $3,328,295

• 8 · Pension plan contributions

  total $2,514,156 · program services $2,344,267 · management and general $169,889

• 9 · Other employee benefits

  total $13,681,985 · program services $12,757,453 · management and general $924,532

• 10 · Payroll taxes

  total $6,096,835 · program services $5,684,854 · management and general $411,981

• 11b · Fees: legal

  total $1,072,185 · management and general $1,072,185

• 11c · Fees: accounting

  total $128,170 · management and general $128,170

• 11d · Fees: lobbying

  total $67,547 · management and general $67,547

• 11f · Fees: investment management

  total $118,017 · management and general $118,017

• 11g · Fees: other

  total $17,228,121 · program services $15,326,663 · management and general $1,901,458

• 12 · Advertising and promotion

  total $764,219 · program services $681,129 · management and general $83,090

• 13 · Office expenses

  total $7,546,861 · program services $6,726,323 · management and general $820,538

• 14 · Information technology

  total $5,755,476 · program services $5,129,708 · management and general $625,768

• 16 · Occupancy

  total $3,312,412 · program services $2,952,268 · management and general $360,144

• 17 · Travel

  total $67,006 · program services $59,721 · management and general $7,285

• 19 · Conferences, conventions and meetings

  total $199,242 · program services $177,579 · management and general $21,663

• 20 · Interest

  total $1,718,275 · management and general $1,718,275

• 22 · Depreciation, depletion and amortization

  total $10,213,582 · program services $8,582,643 · management and general $1,630,939

• 23 · Insurance

  total $4,724,442 · program services $4,210,774 · management and general $513,668

• 24a · Other expenses: MEDICAL SUPPLIES & DRUG

  total $46,612,233 · program services $46,612,233

• 24b · Other expenses: BAD DEBT EXPENSE

  total $7,679,289 · program services $7,679,289

• 24c · Other expenses: STATE LICENSE FEE

  total $5,078,863 · program services $5,078,863

• 24d · Other expenses: DUES & LICENSES

  total $467,429 · program services $416,607 · management and general $50,822

• 24e · All other expenses

  total $1,344,842 · program services $1,200,832 · management and general $144,010

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $7,411 · end of year $7,411

• 2 · Savings and temporary cash investments

  beginning of year $6,691,302 · end of year $6,458,861

• 4 · Accounts receivable

  beginning of year $15,028,989 · end of year $21,894,934

• 7 · Other notes and loans receivable

  beginning of year $618,989 · end of year $512,896

• 8 · Inventories for sale or use

  beginning of year $5,152,510 · end of year $5,158,513

• 9 · Prepaid expenses and deferred charges

  beginning of year $8,623,860 · end of year $8,413,626

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

  $245,982,613

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

  $183,048,737

• 10c · Land, buildings and equipment, net

  beginning of year $64,524,228 · end of year $62,933,876

• 11 · Investments: publicly traded securities

  beginning of year $35,101,989 · end of year $58,120,711

• 12 · Investments: other securities

  beginning of year $28,419,525 · end of year $33,926,520

• 14 · Intangible assets

  beginning of year $4,598,718 · end of year $4,059,304

• 15 · Other assets

  beginning of year $13,276,232 · end of year $12,908,455

• 17 · Accounts payable and accrued expenses

  beginning of year $26,487,451 · end of year $31,278,882

• 20 · Tax-exempt bond liabilities

  beginning of year $27,584,587 · end of year $26,387,549

• 23 · Secured mortgages and notes payable

  beginning of year $11,032,242 · end of year $6,949,654

• 25 · Other liabilities

  beginning of year $44,908,738 · end of year $39,925,000

• 27 · Net assets without donor restrictions

  beginning of year $71,985,735 · end of year $109,809,022

• 28 · Net assets with donor restrictions

  beginning of year $45,000 · end of year $45,000

The filer's explanations (Part III)

PART I, LINE 7

CERTAIN EXECUTIVES RECEIVE BONUS/INCENTIVE PAYMENTS THAT ARE BASED ON THE DISCRETION OF MANAGEMENT AND/OR THE BOARD.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• OCEAN VIEW HEALTH VENTURE LLC

  LEASE OFFICE · RI · income $2,237,176 · assets $14,470,057

  Directly controlled by SCH HEALTHCARE

Related corporations and trusts

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

• SILVER SPRING HEALTH CARE MANAGEMENT

  C · HOLDING COMPANY · RI · 100% owned · share of assets $1,068,807 · controlled entity

  Directly controlled by SCH HEALTHCARE

• SOUTH COUNTY QUALITY CARE

  C · PERSONAL CARE · RI · 100% owned · share of assets $44,902 · controlled entity

  Directly controlled by SS HEALTHCARE

• SSHM SURGICAL SUPPLY INC

  C · RETAIL OF MED EQP · RI · 100% owned · share of assets $10,129 · controlled entity

  Directly controlled by SS HEALTHCARE

• CHARITABLE REMAINDER TRUSTS (3)

  T · CHARITABLE TRUST · RI · controlled entity