Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $3,305,921

• 2a · Program service revenue: OUTPATIENT REVENUE

  total $218,146,339 · related or exempt $218,146,339

• 2b · Program service revenue: EMERGENCY ROOM REVENUE

  total $61,048,843 · related or exempt $61,048,843

• 2c · Program service revenue: INPATIENT REVENUE

  total $47,124,929 · related or exempt $47,124,929

• 2d · Program service revenue: OBSERVATION REVENUE

  total $7,442,566 · related or exempt $7,442,566

• 2e · Program service revenue: CONTRACTUAL ALLOWANCE

  total -$154,424,898 · related or exempt -$154,424,898

• 2f · All other program service revenue

  total $1,441,782 · related or exempt $510,189 · unrelated business $931,593

• 3 · Investment income

  total $2,949,443 · excluded $2,949,443

• 6a · Gross rents

  real property $202,092

• 6b · Less rental expenses

  real property $189,109

• 6c · Rental income or loss

  real property $12,983

• 6d · Net rental income or loss

  total $12,983 · excluded $12,983

• 7a · Gross sales of assets other than inventory

  securities $7,515,088 · other assets $8,000

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

  securities $6,818,169 · other assets $12,667

• 7c · Gain or loss

  securities $696,919 · other assets -$4,667

• 7d · Net gain or loss

  total $692,252 · excluded $692,252

• 11a · Other revenue: CAFETERIA

  total $396,999 · excluded $396,999

• 11b · Other revenue: REBATES & REFUNDS

  total $381,342 · excluded $381,342

• 11c · Other revenue: VENDING MACHINE

  total $16,555 · excluded $16,555

• 11d · All other revenue

  total $143,879 · excluded $143,879

• 11e · Other revenue, total

  $938,775

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $166,525 · program services $166,525

• 5 · Compensation of officers, directors and key employees

  total $2,418,104 · management and general $2,418,104

• 7 · Other salaries and wages

  total $47,080,865 · program services $40,803,913 · management and general $6,080,906 · fundraising $196,046

• 8 · Pension plan contributions

  total $3,015,824 · program services $2,429,667 · management and general $573,718 · fundraising $12,439

• 9 · Other employee benefits

  total $7,131,396 · program services $7,512,983 · management and general -$405,196 · fundraising $23,609

• 10 · Payroll taxes

  total $3,619,521 · program services $3,094,318 · management and general $513,932 · fundraising $11,271

• 11a · Fees: management

  total $31,828 · program services $19,572 · management and general $12,256

• 11b · Fees: legal

  total $241,771 · management and general $241,771

• 11c · Fees: accounting

  total $224,121 · management and general $224,121

• 11f · Fees: investment management

  total $108,556 · management and general $108,556

• 11g · Fees: other

  total $48,770,480 · program services $45,967,629 · management and general $2,778,101 · fundraising $24,750

• 12 · Advertising and promotion

  total $448,918 · program services $17,062 · management and general $431,856

• 13 · Office expenses

  total $3,915,672 · program services $2,507,342 · management and general $1,408,330

• 14 · Information technology

  total $3,408,491 · program services $855,661 · management and general $2,552,830

• 16 · Occupancy

  total $2,214,560 · program services $2,065,904 · management and general $148,656

• 17 · Travel

  total $87,604 · program services $76,248 · management and general $11,356

• 19 · Conferences, conventions and meetings

  total $562,628 · program services $253,230 · management and general $309,398

• 20 · Interest

  total $1,535,071 · management and general $1,535,071

• 22 · Depreciation, depletion and amortization

  total $6,232,273 · program services $5,715,535 · management and general $516,738

• 23 · Insurance

  total $1,729,467 · program services $1,186,452 · management and general $543,015

• 24a · Other expenses: PHARMACEUTICALS

  total $14,688,942 · program services $14,688,942

• 24b · Other expenses: MEDICAL SUPPLIES & PHAR

  total $8,608,878 · program services $8,600,412 · management and general $8,466

• 24c · Other expenses: CHARITY CARE

  total $3,105,710 · program services $3,105,710

• 24d · Other expenses: BAD DEBT

  total $1,979,056 · program services $1,979,056

• 24e · All other expenses

  total $10,276,103 · program services $9,702,769 · management and general $573,334

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $97,563 · end of year $110,180

• 2 · Savings and temporary cash investments

  beginning of year $6,930,204 · end of year $4,615,946

• 4 · Accounts receivable

  beginning of year $16,173,699 · end of year $17,032,315

• 8 · Inventories for sale or use

  beginning of year $4,049,081 · end of year $4,298,050

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,597,917 · end of year $2,333,057

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

  $132,440,289

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

  $78,857,496

• 10c · Land, buildings and equipment, net

  beginning of year $53,206,808 · end of year $53,582,793

• 11 · Investments: publicly traded securities

  beginning of year $144,650,132 · end of year $140,667,741

• 13 · Investments: program-related

  beginning of year $18,856 · end of year $0

• 14 · Intangible assets

  beginning of year $2,475,000 · end of year $2,475,000

• 15 · Other assets

  beginning of year $15,897,727 · end of year $24,539,996

• 17 · Accounts payable and accrued expenses

  beginning of year $19,433,651 · end of year $19,606,089

• 20 · Tax-exempt bond liabilities

  beginning of year $43,014,252 · end of year $39,009,478

• 25 · Other liabilities

  beginning of year $16,376,199 · end of year $19,156,054

• 27 · Net assets without donor restrictions

  beginning of year $167,272,885 · end of year $171,883,457

The filer's explanations (Part III)

PART I, LINE 1A

DISCRETIONARY SPENDING ACCOUNT: BASED ON SIGNED EMPLOYMENT CONTRACTS, COLUMBIA MEMORIAL HOSPITAL PAID ONE LUMP SUM PAYMENT ON THE FIRST PAY-PERIOD OF EACH YEAR TO COVER DISCRETIONARY EXPENSE OF ERIK THORSEN, CEO, ($2,500), IN ADDITION, COLUMBIA MEMORIAL HOSPITAL PAID $609.78 PER MONTH TO COVER THE CEO CAR, ($609.78/MONTH - $7,317.36 ANNUALLY). THE CAR IS ONLY USED FOR BUSINESS PURPOSE AND NOT INCLUDED IN TAXABLE INCOME. AMOUNTS FOR THE DISCRETIONARY SPENDING ACCOUNT ARE INCLUDED IN TAXABLE INCOME. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: BASED ON SIGNED EMPLOYMENT CONTRACTS, COLUMBIA MEMORIAL HOSPITAL REIMBURSED MONTHLY COUNTRY CLUB MEMBERSHIP DUES FOR ERIK THORSEN, CEO ($365/MONTH FROM JANURARY TO JUNE AND $375/MONTH FROM JULY TO DECEMBER - $4,440 ANNUALLY) AND ROTARY CLUB DUES FOR ERIK THORSEN, CEO, OF $200 QUARTERLY ($800 ANNUALLY). THESE EXPENSES WERE SUBMITTED ON MONTHLY EXPENSE REPORTS OR DIRECT INVOICES FROM THE CLUB AND WERE REVIEWED AND APPROVED IN ACCORDANCE WITH THE ORGANIZATION'S FINANCIAL AUTHORITY POLICY AND BUSINESS EXPENSE POLICY.

PART I, LINE 3

COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE: COMPENSATION OF ALL OFFICERS IS REVIEWED WITH COMPARABILITY DATA BY A THIRD PARTY CONSULTANT. THE RESULTS OF THE STUDY ARE REVIEWED AND DISCUSSED AT THE BOARD OF TRUSTEES MEETING.

PART I, LINE 4B

ERIK THORSEN, CEO IS PARTICIPATING IN A 457(F) PLAN WHICH STARTED IN 2015. COLUMBIA MEMORIAL HOSPITAL CONTRIBUTED $67,650 TO THIS PLAN IN 2022. CONTRIBUTIONS ARE MADE THROUGHOUT THE YEAR AND DISTRIBUTED AT THE BEGINNING OF THE FOLLOWING YEAR. THE DISTRIBUTION IS INCLUDED IN TAXABLE INCOME.

PART I, LINE 6

MANAGEMENT BONUSES ARE CONTINGENT ON THE NET EARNINGS OF THE ORGANIZATION.

Related corporations and trusts

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

• COASTAL HEALTH ASSURANCE INC

  C · PHYSICIAN ASSOCIATION, MEDICAL CONTRACT MANAGEMENT · OR · 50% owned