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Nonprofiteer
← INDEPENDENT HEALTHCARE MANAGEMENT INC

Form 990 for tax year 2023

Filed by INDEPENDENT HEALTHCARE MANAGEMENT INC.

Totals

Total revenue
$52,942,836
Total expenses
$49,055,561
Contributions and grants received
$10,360,553
Grants paid
$0
Program service revenue
$37,181,172
Investment income
$143,847
Other revenue
$5,257,264
Total assets, end of year
$35,628,730
Total liabilities, end of year
$20,610,201
Net assets or fund balances, end of year
$15,018,529
Program services expenses (Part IX)
$39,469,103
Management and general expenses
$9,586,458
Fundraising expenses
$0
Program service expenses (Part III)
$39,469,103

Program services were 80.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $10,360,553

  • 2a · Program service revenue: PATIENT SERVICES

    total $37,181,172 · related or exempt $37,181,172

  • 3 · Investment income

    total $143,847 · excluded $143,847

  • 11a · Other revenue: OTHER MISC REVENUE

    total $4,960,181 · related or exempt $4,960,181

  • 11b · Other revenue: EARNINGS IN SUBSIDIARIES

    total $297,083 · related or exempt $297,083

  • 11e · Other revenue, total

    $5,257,264

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $19,644,425 · program services $17,688,539 · management and general $1,955,886

  • 11g · Fees: other

    total $10,379,489 · program services $8,196,910 · management and general $2,182,579

  • 16 · Occupancy

    total $245,566 · program services $191,206 · management and general $54,360

  • 17 · Travel

    total $72,693 · program services $53,078 · management and general $19,615

  • 20 · Interest

    total $1,304,715 · management and general $1,304,715

  • 22 · Depreciation, depletion and amortization

    total $415,292 · program services $311,469 · management and general $103,823

  • 23 · Insurance

    total $626,937 · program services $30,446 · management and general $596,491

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $7,800,251 · program services $7,800,251

  • 24b · Other expenses: SUPPLIES

    total $5,232,969 · program services $3,499,269 · management and general $1,733,700

  • 24c · Other expenses: UTILITIES AND MAINTENAN

    total $1,138,158 · program services $893,753 · management and general $244,405

  • 24d · Other expenses: DONATIONS IN SUB

    total $919,199 · management and general $919,199

  • 24e · All other expenses

    total $1,275,867 · program services $804,182 · management and general $471,685

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,300,431 · end of year $6,763,725

  • 4 · Accounts receivable

    beginning of year $4,768,998 · end of year $4,992,204

  • 7 · Other notes and loans receivable

    beginning of year $14,613,990 · end of year $14,484,721

  • 8 · Inventories for sale or use

    beginning of year $165,133 · end of year $189,659

  • 9 · Prepaid expenses and deferred charges

    beginning of year $118,367 · end of year $89,020

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

    $10,239,803

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

    $4,944,125

  • 10c · Land, buildings and equipment, net

    beginning of year $2,671,948 · end of year $5,295,678

  • 12 · Investments: other securities

    beginning of year $2,129,403 · end of year $2,426,441

  • 14 · Intangible assets

    beginning of year $1,165,870 · end of year $560,312

  • 15 · Other assets

    beginning of year $4,653,031 · end of year $826,970

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,872,719 · end of year $2,471,547

  • 23 · Secured mortgages and notes payable

    beginning of year $15,617,188 · end of year $11,905,105

  • 25 · Other liabilities

    beginning of year $9,966,010 · end of year $6,233,549

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $11,131,254 · end of year $15,018,529

Mission and programs · 2023

Mission

INDEPENDENT HEALTHCARE MANAGEMENT OPERATES A HOSPITAL AND SEVERAL AFFILIATED MEDICAL CLINICS IN FOREST, MISSISSIPPI AND SCOTT COUNTY, MISSISSIPPI.

  • COMMUNITY HOSPITAL PROVIDING MEDICAL CARE.

    Expenses $39,469,103 · Revenue $52,798,989

  • COMMUNITY HOSPITAL PROVIDING MEDICAL CARE

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr John Paul Lee

    CHAIRMAN

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Joseph S Josh McNulty IV

    SECRETARY

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • James Johnston

    DIRECTOR

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Dr Greg Oden

    DIRECTOR

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Scott Palmer

    DIRECTOR

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Sydney Sawyer

    DIRECTOR

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Daniel Walker

    PHYSICIAN

    Total calculated
    $341,224
    From this org
    $324,132
    From related orgs
    $0
    Other
    $17,092
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,074
    Bonus
    $211,058
    Other
    $0
    Deferred
    $7,341
    Nontaxable benefits
    $9,751
    Filer's total
    $341,224

  • John Coleman

    PHYSICIAN

    Total calculated
    $315,528
    From this org
    $299,097
    From related orgs
    $0
    Other
    $16,431
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,386
    Bonus
    $97,711
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $16,431
    Filer's total
    $315,528

  • Frank Wade

    PHYSICIAN

    Total calculated
    $291,809
    From this org
    $285,833
    From related orgs
    $0
    Other
    $5,976
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,621
    Bonus
    $68,212
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,976
    Filer's total
    $291,809

  • Don Gibson

    PHYSICIAN

    Total calculated
    $284,467
    From this org
    $276,065
    From related orgs
    $0
    Other
    $8,402
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,309
    Bonus
    $68,756
    Other
    $0
    Deferred
    $2,375
    Nontaxable benefits
    $6,027
    Filer's total
    $284,467

  • Mandy Munn

    PHYSICIAN

    Total calculated
    $278,880
    From this org
    $258,143
    From related orgs
    $0
    Other
    $20,737
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $103,005
    Bonus
    $155,138
    Other
    $0
    Deferred
    $5,650
    Nontaxable benefits
    $15,087
    Filer's total
    $278,880

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

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

  • INDEPEDENDENT HEALTHCARE MANAGEMENT II LLC

    C · MANAGEMENT SERVICES · MS · 100% owned

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202413199349315526

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