Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $26,333

• 2a · Program service revenue: PATIENT SERVICE REVENUE

  total $141,412,209 · related or exempt $141,412,209

• 2b · Program service revenue: SERVICE CONTRACT REVENUE

  total $1,154,798 · related or exempt $1,154,798

• 2c · Program service revenue: INTERCOMPANY PURCHASED SERVICES

  total $994,753 · related or exempt $994,753

• 2f · All other program service revenue

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

• 6a · Gross rents

  real property $332,639

• 6c · Rental income or loss

  real property $332,639 · personal property $0

• 6d · Net rental income or loss

  total $332,639 · excluded $332,639

• 7c · Gain or loss

  securities $0 · other assets $0

• 11a · Other revenue: STATE UNEMPLOYMENT REFUND

  total $4,233,115 · related or exempt $4,233,115

• 11b · Other revenue: FINANCE CHARGES

  total $18,842 · excluded $18,842

• 11c · Other revenue: RESEARCH REVENUE

  total $68,075 · related or exempt $68,075

• 11d · All other revenue

  total $12,641 · related or exempt $0 · unrelated business $0 · excluded $12,641

• 11e · Other revenue, total

  $4,332,673

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $2,883,272 · program services $1,518,366 · management and general $1,364,906

• 7 · Other salaries and wages

  total $224,050,705 · program services $204,488,199 · management and general $19,562,506

• 8 · Pension plan contributions

  total $11,418,690 · program services $10,711,219 · management and general $707,471

• 9 · Other employee benefits

  total $14,491,856 · program services $10,498,098 · management and general $3,993,758

• 10 · Payroll taxes

  total $11,916,878 · program services $10,819,307 · management and general $1,097,571

• 11b · Fees: legal

  total $431,936 · management and general $431,936

• 11c · Fees: accounting

  total $35,041 · management and general $35,041

• 11g · Fees: other

  total $27,689,514 · program services $23,312,728 · management and general $4,376,786 · fundraising $0

• 12 · Advertising and promotion

  total $38,010 · program services $36,746 · management and general $1,264

• 13 · Office expenses

  total $1,092,787 · program services $956,976 · management and general $135,811

• 14 · Information technology

  total $521,669 · program services $506,595 · management and general $15,074

• 16 · Occupancy

  total $5,680,429 · program services $5,075,211 · management and general $605,218

• 17 · Travel

  total $1,462,650 · program services $1,387,810 · management and general $74,840

• 19 · Conferences, conventions and meetings

  total $305,008 · program services $254,623 · management and general $50,385

• 20 · Interest

  total $126,560 · program services $126,560

• 22 · Depreciation, depletion and amortization

  total $3,310,489 · program services $2,292,206 · management and general $1,018,283

• 23 · Insurance

  total $2,048,982 · management and general $2,048,982

• 24a · Other expenses: INTERCOMPANY EXPENSES

  total $21,030,010 · management and general $21,024,440 · fundraising $5,570

• 24b · Other expenses: MEDICAL SUPPLIES

  total $4,509,225 · program services $4,497,886 · management and general $11,339

• 24c · Other expenses: RECRUITMENT & RELOCATION

  total $589,392 · program services $9,578 · management and general $579,814

• 24d · Other expenses: DUES & SUBSCRIPTIONS

  total $481,401 · program services $394,810 · management and general $86,591

• 24e · All other expenses

  total $663,099 · program services $521,933 · management and general $141,166 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $12,975 · end of year $12,975

• 2 · Savings and temporary cash investments

  beginning of year -$340,858 · end of year -$397,743

• 4 · Accounts receivable

  beginning of year $14,693,823 · end of year $21,383,700

• 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

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,106,629 · end of year $1,422,489

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

  $27,203,025

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

  $9,234,032

• 10c · Land, buildings and equipment, net

  beginning of year $17,960,081 · end of year $17,968,993

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  beginning of year $6,062,501 · end of year $6,482,028

• 15 · Other assets

  beginning of year $62,014,650 · end of year $114,462,683

• 17 · Accounts payable and accrued expenses

  beginning of year $33,491,876 · end of year $36,268,934

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $244,303,358 · end of year $487,773,214

• 27 · Net assets without donor restrictions

  beginning of year -$176,285,433 · end of year -$362,707,023

The filer's explanations (Part III)

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

THE ORGANIZATION RELIED ON THE QUEEN'S HEALTH SYSTEMS ("QHS", PARENT COMPANY) TO DETERMINE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL. QHS USED A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY AND STUDY, FORM 990 OF OTHER ORGANIZATIONS AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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

OTHER NON-FIXED PAYMENTS: RECOGNITION AWARDS WERE PAID TO ALL EMPLOYEES BASED ON ACCOMPLISHMENTS OF PREDETERMINED GOALS SET FORTH IN THE INCENTIVE AND STRATEGIC PLANS AND DEFINED ELIGIBILITY OF THE EMPLOYEE. RECOGNITION AWARDS ARE DISCRETIONARY AND CONSIDER QUALITY THRESHOLDS WHICH INCLUDE ANNUAL ACCREDITATION AND MINIMUM OPERATING INCOME LEVEL CRITERIA. IN ADDITION, EXECUTIVE AWARDS ARE WEIGHTED BASED ON INDIVIDUAL GOALS ESTABLISHED FOR EACH EXECUTIVE. ALSO, CERTAIN PHYSICIANS RECEIVE INCENTIVE COMPENSATION BASED ON PROFESSIONAL SERVICES COLLECTIONS BY QUMG. A MAXIMUM OF SUCH INCENTIVE COMPENSATION IS CAPPED ACCORDING TO QUMG POLICY.

Schedule J, Part II COMPENSATION PAID FOR SERVICES

JILL HOGGARD GREEN MS. HOGGARD GREEN SERVES AS A TRUSTEE FOR THE QUEEN'S HEALTH SYSTEMS AND SEVERAL OTHER QUEEN'S RELATED AFFILIATES. MS. HOGGARD GREEN ALSO SERVES AS PRESIDENT AND CHIEF EXECUTIVE OFFICER OF THE QUEEN'S HEALTH SYSTEMS ("QHS", PARENT COMPANY) AND CHAIR OF QUMG, MGH, NHCH AND QEL. SHE IS A VOLUNTEER TRUSTEE AND IS NOT SEPARATELY COMPENSATED FOR THESE SERVICES. THE COMPENSATION LISTED IS HER TOTAL COMPENSATION FOR HER VARIOUS SERVICES. WHITNEY LIMM, MD DR. LIMM SERVES AS SENIOR VP OF CLINICAL INTEGRATION, CHIEF PHYSICIAN EXECUTIVE OF QHS AND QMC AND TRUSTEE FOR QUMG. HE IS A VOLUNTEER TRUSTEE AND IS NOT SEPARATELY COMPENSATED FOR THESE SERVICES. THE COMPENSATION LISTED IS HIS TOTAL COMPENSATION FOR ALL SERVICES. JASON CHANG MR. CHANG SERVES AS EVP, INNOVATION & STRATEGY FOR THE QUEEN'S HEALTH SYSTEMS AND PRESIDENT OF QUEEN'S INNOVATION INSTITUTE. HE ALSO SERVED AS A TRUSTEE OF MGH, NHCH AND QEL THROUGH DECEMBER 2023 AND PRESIDENT/TRUSTEE OF QMC AND QUMG THROUGH JANUARY 2023. HE WAS A VOLUNTEER TRUSTEE AND IS NOT SEPARATELY COMPENSATED FOR THESE SERVICES. THE COMPENSATION LISTED IS HIS TOTAL COMPENSATION FOR ALL SERVICES. PAUL MCDOWELL MR. MCDOWELL SERVES AS THE TREASURER/CHIEF FINANCIAL OFFICER OF QHS, TREASURER OF QMC AND TRUSTEE OF QEL AND QUMG. HE IS A VOLUNTEER TRUSTEE AND IS NOT SEPARATELY COMPENSATED FOR THESE SERVICES. THE COMPENSATION LISTED IS HIS TOTAL COMPENSATION FOR ALL SERVICES. KAZUMA NAKAGAWA, MD DR. NAKAGAWA SERVES AS A TRUSTEE FOR QHS, QMC AND QUMG. HE IS A VOLUNTEER TRUSTEE AND IS NOT SEPARATELY COMPENSATED FOR THESE SERVICES. THE COMPENSATION LISTED IS HIS TOTAL COMPENSATION FOR SERVICES AS MEDICAL DIRECTOR, COMPREHENSIVE STROKE CENTER FOR QMC. ZIA KHAN, MD DR. KHAN SERVES AS A TRUSTEE FOR QUMG. HE IS A VOLUNTEER TRUSTEE AND IS NOT SEPARATELY COMPENSATED FOR THESE SERVICES. THE COMPENSATION LISTED IS HIS TOTAL COMPENSATION FOR SERVICES AS A PHYSICIAN AT QUMG. GEORGE R BRUNO, MD DR. BRUNO SERVES AS PRESIDENT/TRUSTEE OF QMC AND SVP, PATIENT CARE AND PRESIDENT/TRUSTEE OF QUMG. HE IS A VOLUNTEER TRUSTEE AND IS NOT SEPARATELY COMPENSATED FOR THESE SERVICES. THE COMPENSATION LISTED IS HIS TOTAL COMPENSATION FOR ALL SERVICES. DARLENA CHADWICK MS. CHADWICK SERVES AS EVP AND COO OF QHS, VICE PRESIDENT OF QMC AND TRUSTEE OF QEL, MGH, NHCH AND QUMG. SHE IS A VOLUNTEER TRUSTEE AND NOT SEPARATELY COMPENSATED FOR THESE SERVICES. THE COMPENSATION LISTED IS HER TOTAL COMPENSATION FOR ALL SERVICES. WARREN YAMAMOTO MR. YAMAMOTO SERVES AS DIRECTOR OF ADMIN SERVICES AND VICE PRESIDENT OF THE QUEEN'S UNIVERSITY MEDICAL GROUP. THE COMPENSATION LISTED IS HIS TOTAL COMPENSATION FOR ALL SERVICES. GAISON ONTAI MR. ONTAI SERVES AS CORPORATE COUNSEL FOR QHS AND SERVED AS CORPORATE SECRETARY OF THE QUEEN'S UNIVERSITY MEDICAL GROUP THROUGH MAY 2023. THE COMPENSATION LISTED IS HIS TOTAL COMPENSATION FOR ALL SERVICES. LAUREN BENDINER MS. BENDINER SERVES AS DIRECTOR OF PHYSICIAN CONTRACTS, CORPORATE COUNSEL FOR QHS AND CORPORATE SECRETARY OF THE QUEEN'S UNIVERSITY MEDICAL GROUP. THE COMPENSATION LISTED IS HER TOTAL COMPENSATION FOR ALL SERVICES. TRACI JAY KOBAYASHI MS. KOBAYASHI SERVES AS DIRECTOR OF FISCAL SERVICES AND TREASURER OF THE QUEEN'S UNIVERSITY MEDICAL GROUP. THE COMPENSATION LISTED IS HER TOTAL COMPENSATION FOR ALL SERVICES.

Related partnerships

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

• HAMAMATSUQUEEN'S PET IMAGING CENTER LLC

  N/A · PET IMAGING · HI

  Directly controlled by NA

• PRIMARY CARE PHYSICIAN ENTERPRISE LLC

  N/A · MEDICAL SVCS · HI

  Directly controlled by NA

Related corporations and trusts

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

• QUEEN'S DEVELOPMENT CORPORATION

  C Corporation · DEVELOPMENT · HI · controlled entity

  Directly controlled by NA

• QUEEN'S INSURANCE EXCHANGE INC

  C Corporation · INSURANCE · HI · controlled entity

  Directly controlled by NA

• DIAGNOSTIC LABORATORY SERVICES INC

  C Corporation · MEDICAL LAB SVCS · HI · controlled entity

  Directly controlled by NA