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Nonprofiteer
← COMMONWEALTH REGIONAL SPECIALTY HOSPITAL INC

Form 990 for tax year 2023

Filed by COMMONWEALTH REGIONAL SPECIALTY HOSPITAL INC.

Totals

Total revenue
$6,267,993
Total expenses
$7,670,917
Contributions and grants received
$2,200
Grants paid
$0
Program service revenue
$6,241,845
Investment income
$17,201
Other revenue
$6,747
Total assets, end of year
$2,554,162
Total liabilities, end of year
$1,586,482
Net assets or fund balances, end of year
$967,680
Program services expenses (Part IX)
$6,954,346
Management and general expenses
$716,571
Fundraising expenses
$0
Program service expenses (Part III)
$6,954,346

Program services were 90.7% 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.

  • 1f · All other contributions, gifts and grants

    $2,200

  • 2a · Program service revenue: INPATIENT SVCS PROVIDED

    total $6,241,845 · related or exempt $6,241,845

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $13,747 · excluded $13,747

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $341,963

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

    securities $338,509

  • 7c · Gain or loss

    securities $3,454 · other assets $0

  • 7d · Net gain or loss

    total $3,454 · excluded $3,454

  • 11a · Other revenue: MISC. INCOME

    total $6,747 · excluded $6,747

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $6,747

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $36,940 · program services $0 · management and general $36,940 · fundraising $0

  • 7 · Other salaries and wages

    total $3,290,970 · program services $3,119,070 · management and general $171,900

  • 8 · Pension plan contributions

    total $187,274 · program services $175,522 · management and general $11,752

  • 9 · Other employee benefits

    total $551,937 · program services $517,302 · management and general $34,635

  • 10 · Payroll taxes

    total $247,204 · program services $230,747 · management and general $16,457

  • 11a · Fees: management

    total $338,400 · management and general $338,400

  • 11b · Fees: legal

    total $2,523 · management and general $2,523

  • 11c · Fees: accounting

    total $36,190 · management and general $36,190

  • 11d · Fees: lobbying

    total $2,062 · management and general $2,062

  • 11g · Fees: other

    total $1,167,468 · program services $1,167,092 · management and general $376 · fundraising $0

  • 12 · Advertising and promotion

    total $1,854 · management and general $1,854

  • 13 · Office expenses

    total $172,732 · program services $165,818 · management and general $6,914

  • 14 · Information technology

    total $36,464 · program services $36,464

  • 16 · Occupancy

    total $230,056 · program services $210,084 · management and general $19,972

  • 17 · Travel

    total $24,762 · program services $24,762

  • 20 · Interest

    total $8,392 · management and general $8,392

  • 22 · Depreciation, depletion and amortization

    total $19,798 · program services $19,798

  • 23 · Insurance

    total $138,803 · program services $133,132 · management and general $5,671

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $806,986 · program services $806,986

  • 24b · Other expenses: PROVIDER TAX

    total $344,092 · program services $344,092

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $15,456 · management and general $15,456

  • 24d · Other expenses: RECRUITING FEES

    total $7,077 · management and general $7,077

  • 24e · All other expenses

    total $3,477 · program services $3,477 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $778,427 · end of year $185,617

  • 2 · Savings and temporary cash investments

    beginning of year $529,048 · end of year $593,035

  • 4 · Accounts receivable

    beginning of year $1,565,182 · end of year $1,475,878

  • 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

  • 8 · Inventories for sale or use

    beginning of year $98,835 · end of year $98,593

  • 9 · Prepaid expenses and deferred charges

    beginning of year $54,492 · end of year $37,546

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

    $940,245

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

    $836,368

  • 10c · Land, buildings and equipment, net

    beginning of year $123,675 · end of year $103,877

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $406,946 · end of year $59,616

  • 17 · Accounts payable and accrued expenses

    beginning of year $960,324 · end of year $1,069,067

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $250,455 · end of year $517,415

  • 27 · Net assets without donor restrictions

    beginning of year $2,345,826 · end of year $967,680

Mission and programs · 2023

Mission

THE HOSPITAL IS DESIGNED TO MEET THE MEDICAL, THERAPEUTIC AND FAMILIAL NEEDS RELATED TO PROVIDING LONG-TERM ACUTE CARE SERVICES REQUIRED BY INDIVIDUALS WITH CRITICAL DISEASE OR DISORDERS.

Activities or mission (Part I)

Withheld by Nonprofiteer: this text may name a private individual.

  • Commonwealth Regional Specialty Hospital (CRSH) provides long-term acute care services in the community of Bowling Green, Warren County, Kentucky. CRSH provides medical treatment and rehabilitation to chronically and/or critically ill patients in its 16-bed long-term acute care facility. During fiscal year 2024, CRSH admitted 172 patients and provided 4,277 days of patient care. Commonwealth Health Corporation (CHC) formed Commonwealth Regional Specialty Hospital (CRSH) in 2003 to meet an existing need for long-term acute care hospital services in the community of Bowling Green, Warren County, Kentucky. CHC also recognized the need of the continuum of care to provide an appropriate venue for patients who needed acute services beyond those generally available in the acute care hospital setting. Long-term acute care hospitals (as recognized by 42 CFR 412.23 e) generally provide diagnostic, medical, and rehabilitative treatment for those patients with chronic and complex medical conditions whose average length of stay in the hospital exceeds 25 days. CRSH is primarily engaged in providing to inpatients, by or under the supervision of physicians, diagnostic and therapeutic services for medical diagnosis, treatment, and care of those patients with chronic illness and complex medical needs. It maintains clinical records on all patients and has bylaws in effect concerning its staff of physicians. It requires that every patient be under the care of a physician and provides 24-hour nursing service by or supervised by a registered professional nurse. It has a hospital utilization review plan and is licensed or is approved by the state of Kentucky as meeting the standards established for such licensing. It also meets other health and safety requirements of the secretary of health and human services. This hospital is not primarily for the care and treatment of mental diseases. Services offered include: . Acute medical care . Complicated wound care . Respiratory therapy . Laboratory services . Pharmacy services . Ventilator weaning services . Cardiac/cardiovascular conditions services . Renal insufficiency, renal failure, hemodialysis services . Post-traumatic stress with extensive acute medical needs . Extended intensive care needs . Radiology services . Long-term iv antibiotic therapy . Rehabilitation needs to accompany acute medical care The hospital's professional staff includes physicians who are engaged in the practice of medicine and who represent multiple specialties, including but not limited to family practice, internal medicine, pulmonary, cardiac, radiation therapy, and infectious disease. The staff includes nurses, physical, occupational, and speech therapists, respiratory therapists, pharmacists, social workers, dietitians, and others. Using an interdisciplinary team approach, the staff work collaboratively to provide care consisting of inpatient services of a general and specialized nature for patients requiring an extended length of stay due to the critical nature of their illness.

    Expenses $6,954,346 · Revenue $6,241,845

As filed on the 2023 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Mr Joe Davis

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Mr Tommy Holderfield

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Ms Vickie Elrod

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Dr D Ghayth Hammad

    DIRECTOR

    Total calculated
    $4,000
    From this org
    $4,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 4 related

  • Mr Tom Forte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ms Cheri Natcher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Ms Susan Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mr David Gray

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $520,051
    From this org
    $0
    From related orgs
    $427,268
    Other
    $92,783
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $418,139 related
    Bonus
    $0
    Other
    $0 + $9,129 related
    Deferred
    $0 + $57,983 related
    Nontaxable benefits
    $0 + $34,800 related
    Filer's total
    $0 + $520,051 related

  • Mr Wade Stone

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $500,444
    From this org
    $0
    From related orgs
    $438,705
    Other
    $61,739
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $435,730 related
    Bonus
    $0
    Other
    $0 + $2,975 related
    Deferred
    $0 + $44,704 related
    Nontaxable benefits
    $0 + $17,035 related
    Filer's total
    $0 + $500,444 related

  • Ms Connie D Smith

    PRESIDENT / CEO

    Total calculated
    $1,436,253
    From this org
    $0
    From related orgs
    $1,317,162
    Other
    $119,091
    Hours/week
    2 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,036,405 related
    Bonus
    $0
    Other
    $0 + $280,757 related
    Deferred
    $0 + $98,270 related
    Nontaxable benefits
    $0 + $20,821 related
    Filer's total
    $0 + $1,436,253 related

  • Ms Katrina Wood

    EVP/CHIEF NURSING OFFICER

    Total calculated
    $296,006
    From this org
    $0
    From related orgs
    $258,853
    Other
    $37,153
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $255,207 related
    Bonus
    $0
    Other
    $0 + $3,646 related
    Deferred
    $0 + $6,499 related
    Nontaxable benefits
    $0 + $30,654 related
    Filer's total
    $0 + $296,006 related

  • Ms Michele Lawless

    EXECUTIVE VICE PRESIDENT / CFO

    Total calculated
    $529,278
    From this org
    $0
    From related orgs
    $481,930
    Other
    $47,348
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $475,135 related
    Bonus
    $0
    Other
    $0 + $6,795 related
    Deferred
    $0 + $43,823 related
    Nontaxable benefits
    $0 + $3,525 related
    Filer's total
    $0 + $529,278 related

  • Mr Eric Hagan

    VP OF RURAL HOSPITALS

    Total calculated
    $329,399
    From this org
    $30,808
    From related orgs
    $277,274
    Other
    $21,317
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $30,099 + $270,890 related
    Bonus
    $0
    Other
    $709 + $6,384 related
    Deferred
    $0
    Nontaxable benefits
    $2,132 + $19,185 related
    Filer's total
    $32,940 + $296,459 related

  • Denise Anderson

    MCH AGENCY NURSE

    Total calculated
    $162,343
    From this org
    $162,343
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,343
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $162,343

  • Mr Seth Smith

    ADMINISTRATOR

    Total calculated
    $115,164
    From this org
    $102,780
    From related orgs
    $0
    Other
    $12,384
    Hours/week
    40

  • Ms Elizabeth Schmidt

    PHARMACY MANAGER

    Total calculated
    $149,670
    From this org
    $109,617
    From related orgs
    $0
    Other
    $40,053
    Hours/week
    32

  • Ms Joell Beth Love

    MCH AGENCY NURSE

    Total calculated
    $166,204
    From this org
    $166,204
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,204
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $166,204

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
CERTAIN EXECUTIVES OF COMMONWEALTH HEALTH CORPORATION PARTICIPATED IN A SUPPLEMENTAL RETIREMENT PLAN. THE CURRENT YEAR INCREASE IN THE ACCRUED BENEFIT, AS ACTUARIALLY DETERMINED, IS REPORTED AS COMPENSATION. THE FOLLOWING ARE THE INDIVIDUALS PARTICIPATING IN THE PLAN AND THE CURRENT YEAR INCREASES REPORTED AS COMPENSATION: CONNIE SMITH $262,117 WADE STONE $ -0-
Schedule J, Part I, Line 3 COMPENSATION OF THE CEO
THE CEO IS COMPENSATED BY COMMONWEALTH HEALTH CORPORATION (CHC), A RELATED ORGANIZATION. CHC USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - WRITTEN EMPLOYMENT CONTRACT - COMPENSTION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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 partnerships

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

  • MED PLAZA PRTS LTD

    N/A · REAL ESTATE · KY · share of income $0 · share of assets $0

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
14 February 2025
IRS schema version
2023v6.0
Source object
202520459349301507

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