Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $47,000

• 1d · Related organizations

  $517,634

• 1e · Government grants (contributions)

  $307,482

• 1f · All other contributions, gifts and grants

  $29,516

• 2a · Program service revenue: NET PATIENT SERVICE REVENUE

  total $169,652,032 · related or exempt $169,652,032

• 2b · Program service revenue: PATIENT SVC M'CARE/MEDICAID

  total $81,177,475 · related or exempt $81,177,475

• 2c · Program service revenue: LEASED MEDICAL EMPLOYEES

  total $3,365,839 · related or exempt $3,365,839

• 2d · Program service revenue: PHYSICIAN CLINICS

  total $985,779 · related or exempt $985,779

• 2f · All other program service revenue

  total $14,841,506 · related or exempt $14,841,506

• 3 · Investment income

  total $2,701,872 · excluded $2,701,872

• 6a · Gross rents

  real property $1,399,622

• 6b · Less rental expenses

  real property $819,623

• 6c · Rental income or loss

  real property $579,999

• 6d · Net rental income or loss

  total $579,999 · excluded $579,999

• 7a · Gross sales of assets other than inventory

  securities $4,766,066 · other assets $60,000

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

  securities $4,610,340 · other assets $0

• 7c · Gain or loss

  securities $155,726 · other assets $60,000

• 7d · Net gain or loss

  total $215,726 · excluded $215,726

• 10a · Gross sales of inventory

  $1,066

• 10b · Cost of goods sold

  $853

• 10c · Net income from sales of inventory

  total $213 · unrelated business $213

• 11a · Other revenue: MHR HOME CARE, LLC

  total $248,363 · unrelated business $248,363

• 11d · All other revenue

  total $678,383 · related or exempt $508,787 · excluded $169,596

• 11e · Other revenue, total

  $926,746

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $330,441 · program services $330,441

• 5 · Compensation of officers, directors and key employees

  total $2,418,081 · program services $1,291,244 · management and general $1,126,837

• 6 · Compensation of disqualified persons

  total $320,737 · program services $320,737

• 7 · Other salaries and wages

  total $124,179,759 · program services $116,204,811 · management and general $7,788,017 · fundraising $186,931

• 8 · Pension plan contributions

  total $3,653,759 · program services $3,239,145 · management and general $409,566 · fundraising $5,048

• 9 · Other employee benefits

  total $19,258,640 · program services $17,468,696 · management and general $1,787,499 · fundraising $2,445

• 10 · Payroll taxes

  total $7,177,103 · program services $6,385,717 · management and general $778,128 · fundraising $13,258

• 11b · Fees: legal

  total $174,096 · program services $13,415 · management and general $160,681

• 11c · Fees: accounting

  total $357,260 · program services $27,528 · management and general $329,732

• 11g · Fees: other

  total $26,022,414 · program services $24,185,539 · management and general $1,835,080 · fundraising $1,795

• 12 · Advertising and promotion

  total $862,124 · program services $13,095 · management and general $849,029

• 13 · Office expenses

  total $11,400,543 · program services $10,995,387 · management and general $384,172 · fundraising $20,984

• 14 · Information technology

  total $7,600,832 · program services $6,569,605 · management and general $1,020,040 · fundraising $11,187

• 16 · Occupancy

  total $10,039,193 · program services $8,283,841 · management and general $1,755,352

• 17 · Travel

  total $275,524 · program services $239,626 · management and general $27,623 · fundraising $8,275

• 19 · Conferences, conventions and meetings

  total $642,416 · program services $553,780 · management and general $83,573 · fundraising $5,063

• 20 · Interest

  total $2,069,366 · program services $86,869 · management and general $1,982,497

• 22 · Depreciation, depletion and amortization

  total $13,229,146 · program services $9,330,974 · management and general $3,898,172

• 23 · Insurance

  total $1,156,666 · program services $282,827 · management and general $873,839

• 24a · Other expenses: INCOME TAX

  total $51,039 · management and general $51,039

• 24b · Other expenses: MEDICAL SUPPLIES

  total $39,544,266 · program services $39,544,266

• 24c · Other expenses: FOOD

  total $911,450 · program services $908,503 · management and general $2,947

• 24d · Other expenses: DUES & SUBSCRIPTIONS

  total $373,578 · program services $228,669 · management and general $142,053 · fundraising $2,856

• 24e · All other expenses

  total $366,831 · program services $298,975 · management and general $67,856

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $152,063 · end of year $129,051

• 2 · Savings and temporary cash investments

  beginning of year $56,344,001 · end of year $64,430,562

• 4 · Accounts receivable

  beginning of year $28,936,969 · end of year $30,789,439

• 7 · Other notes and loans receivable

  beginning of year $2,172,183 · end of year $2,851,575

• 8 · Inventories for sale or use

  beginning of year $4,469,606 · end of year $4,185,985

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,900,162 · end of year $4,666,219

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

  $305,531,742

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

  $187,065,878

• 10c · Land, buildings and equipment, net

  beginning of year $117,333,789 · end of year $118,465,864

• 11 · Investments: publicly traded securities

  beginning of year $35,945,553 · end of year $24,680,600

• 13 · Investments: program-related

  beginning of year $3,248,352 · end of year $3,152,503

• 15 · Other assets

  beginning of year $9,206,845 · end of year $13,617,923

• 17 · Accounts payable and accrued expenses

  beginning of year $31,612,672 · end of year $33,773,534

• 20 · Tax-exempt bond liabilities

  beginning of year $55,940,463 · end of year $50,185,794

• 23 · Secured mortgages and notes payable

  end of year $1,260,526

• 24 · Unsecured notes and loans payable

  beginning of year $8,118,756 · end of year $10,131,359

• 25 · Other liabilities

  beginning of year $3,443,826 · end of year $2,669,147

• 27 · Net assets without donor restrictions

  beginning of year $162,593,806 · end of year $168,949,361

• 28 · Net assets with donor restrictions

  beginning of year $1,000,000 · end of year $0

The filer's explanations (Part III)

PART I, LINE 7

PHYSICIANS HAVE AN OPPORTUNITY TO EARN PRODUCTION BONUSES IF THE PROVIDER REACHES ABOVE RELATIVE VALUE UNIT AMOUNTS. PAYOUTS ARE DEPENDENT ON THEIR BASE SALARY PERCENTILE. PHYSICIANS ALSO HAVE AN OPPORTUNITY TO EARN A QUALITY BONUS IF THEY MEET CERTAIN CRITERIA THROUGHOUT THE YEAR WHICH INCLUDES MIPS-QPP TARGETS, MEETING ATTENDANCE, COMMUNITY SERVICE, AND EVENT SPONSORSHIPS. PHYSICIANS RECEIVING THESE BONUSES DURING THE YEAR INCLUDE THE FOLLOWING: TRISTAN HARTZELL, M.D. FADI RZOUQ, M.D. NATHAN HERMAN, M.D. JOHN LAMMLI, M.D. LANE HANDKE, M.D.

Disregarded entities

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

• FAITH REGIONAL PHYSICIAN SERVICES LLC

  PHYSICIAN SERVICES · NE · income $51,514,303 · assets $23,534,826

  Directly controlled by FAITH REGIONAL HEALTH SERVICES

• FAITH REGIONAL HEALTH SERVICES PHO INC

  IMPROVE HEALTHCARE SERVICES · NE · income $0 · assets $0

  Directly controlled by FAITH REGIONAL HEALTH SERVICES

• ST JOSEPH'S REHABILITATION AND CARE CENTER

  NURSING HOME · NE · income $6,160,249 · assets $3,536,616

  Directly controlled by FAITH REGIONAL HEALTH SERVICES

Related partnerships

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

• NORTHEAST NEBRASKA SURGERY CENTER

  RELATED · OUTPATIENT SURGERY · NE · 59.9% owned · share of income $782,391 · share of assets $2,821,432

  Directly controlled by FAITH REGIONAL HEALTH SERVICES