Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $428,096

• 1d · Related organizations

  $298,920

• 1f · All other contributions, gifts and grants

  $486,303

• 2f · All other program service revenue

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

• 3 · Investment income

  total $608,699 · excluded $608,699

• 6a · Gross rents

  real property $28,955

• 6c · Rental income or loss

  real property $28,955 · personal property $0

• 6d · Net rental income or loss

  total $28,955 · excluded $28,955

• 7a · Gross sales of assets other than inventory

  securities $9,175,482

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

  securities $8,829,064

• 7c · Gain or loss

  securities $346,418 · other assets $0

• 7d · Net gain or loss

  total $346,418 · excluded $346,418

• 8a · Fundraising events: gross income

  $34,578

• 8a · Fundraising events: contributions included on line 1c

  $428,096

• 8b · Fundraising events: direct expenses

  $388,903

• 8c · Net income from fundraising events

  total -$354,325 · excluded -$354,325

• 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 $385,763 · program services $385,763

• 2 · Grants to domestic individuals

  total $204,866 · program services $204,866

• 4 · Benefits paid to or for members

  total $0 · program services $0

• 5 · Compensation of officers, directors and key employees

  total $91,712 · program services $22,928 · management and general $45,856 · fundraising $22,928

• 7 · Other salaries and wages

  total $88,876 · program services $22,219 · management and general $44,438 · fundraising $22,219

• 11c · Fees: accounting

  total $39,000 · management and general $39,000

• 11f · Fees: investment management

  total $123,771 · management and general $123,771

• 11g · Fees: other

  total $72,315 · program services $0 · management and general $72,315 · fundraising $0

• 12 · Advertising and promotion

  total $5,736 · management and general $5,736

• 13 · Office expenses

  total $97,272 · program services $24,318 · management and general $48,636 · fundraising $24,318

• 14 · Information technology

  total $1,030 · management and general $1,030

• 19 · Conferences, conventions and meetings

  total $7,825 · management and general $7,825

• 24a · Other expenses: DONOR RECOGNITION

  total $9,300 · fundraising $9,300

• 24b · Other expenses: BANK CHARGES

  total $4,666 · management and general $4,666

• 24c · Other expenses: SUBSCRIPTIONS

  total $3,282 · management and general $3,282

• 24d · Other expenses: OTHER EXPENSES

  total $1,027 · management and general $1,027

• 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 $1,604,077 · end of year $369,528

• 2 · Savings and temporary cash investments

  beginning of year $866,459 · end of year $2,557,227

• 3 · Pledges and grants receivable

  beginning of year $17,754 · end of year $21,923

• 4 · Accounts receivable

  beginning of year $1,292 · end of year $0

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $87,500 · end of year $0

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

  $107,893

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

  $107,893

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $15,609,432 · end of year $18,713,563

• 12 · Investments: other securities

  beginning of year $2,205,770 · end of year $2,331,227

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $0 · end of year $0

• 18 · Grants payable

  beginning of year $6,762 · end of year $6,762

• 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 $7,998,728 · end of year $9,282,436

• 28 · Net assets with donor restrictions

  beginning of year $12,386,794 · end of year $14,704,270

The filer's explanations (Part III)

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

THE COMPENSATION OF THE EXECUTIVE DIRECTOR OF THE FOUNDATION OF YUMA REGIONAL MEDICAL CENTER IS DETERMINED BY THE BOARD OF DIRECTORS OF A RELATED ORGANIZATION, YUMA REGIONAL MEDICAL CENTER. YUMA REGIONAL MEDICAL CENTER ALSO PAYS THE EXECUTIVE DIRECTOR'S COMPENSATION. THE AMOUNT PAID FOR CALENDAR YEAR 2023 WAS $84,909. THE POLICY IS AS FOLLOWS: THE BOARD OF YUMA REGIONAL MEDICAL CENTER HAS ADOPTED A COMPETITIVE PAY STRATEGY IN ORDER TO ATTRACT AND RETAIN QUALIFIED EXECUTIVES TO LEAD OUR ORGANIZATION AND TO FAIRLY COMPENSATE EXECUTIVES FOR ADVANCING THE MISSION OF YUMA REGIONAL MEDICAL CENTER. THE POLICY IS ALSO INTENDED TO ESTABLISH A FORMAL, CONSISTENT PROCESS FOR GOVERNING EXECUTIVE COMPENSATION DECISIONS. THIS PROCESS IS MEANT TO ESTABLISH A "REBUTTABLE PRESUMPTION OF REASONABLENESS" UNDER IRC SECTION 4958. TO SECURE A LEGAL "REBUTTABLE PRESUMPTION OF REASONABLENESS" IN DETERMINING COMPENSATION OF THE CEO AND OTHER EXECUTIVES CONSIDERED DISQUALIFIED INDIVIDUALS, AN OUTSIDE CONSULTANT IS ENGAGED PERIODICALLY TO PROVIDE COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION IN SETTING UP TOTAL COMPENSATION PACKAGES INCLUDING AN INCENTIVE PAY PROGRAM KNOWN AS "PAY AT RISK EXECUTIVE RETIREMENT PROGRAMS.

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

YUMA REGIONAL MEDICAL CENTER ESTABLISHED THE "CAPITAL ACCUMULATION AND RETENTION PLAN" AS A NON-QUALIFIED DEFERRED COMPENSATION PLAN AS DESCRIBED IN SECTION 457(F) OF THE CODE (INTERNAL REVENUE CODE OF 1986) APPROVED BY THE BOARD OF DIRECTORS. THE PURPOSE OF THIS PLAN IS TO PROVIDE CERTAIN SUPPLEMENTAL RETIREMENT BENEFITS TO ELIGIBLE EXECUTIVES. THE BOARD MAY ONLY DESIGNATE PARTICIPANTS FROM AMONG THOSE EMPLOYEES WHO ARE PART OF A SELECT GROUP OF MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES. YRMC WILL ESTABLISH AN INITIAL VESTING DATE FOR EACH PARTICIPANT AND WITHIN THE BOARD'S DISCRETION MAY OFFER TO EXTEND A PARTICIPANT'S VESTING DATE MEETING SPECIFIC CRITERIA AS SET FORTH WITHIN THE PLAN DOCUMENT. THE FOLLOWING INDIVIDUALS PARTICIPATED IN THE PLAN AND HAD CONTRIBUTIONS IN THE PLAN IN 2023: ROBERT J. TRENSCHEL - $322,018 VERNON MOORE - $112,722 MACHELE HEADINGTON - $212,486 JAMES ADAMSON - $94,137 THERE WERE NO WITHDRAWALS FROM THE PLAN IN CALENDAR YEAR 2023.