Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $238,292

• 2a · Program service revenue: NET PATIENT REVENUE

  total $29,320,678 · related or exempt $29,320,678

• 2b · Program service revenue: PHARMACY REVENUE

  total $84,275 · related or exempt $84,275

• 3 · Investment income

  total $172,824 · excluded $172,824

• 6a · Gross rents

  real property $245,616

• 6b · Less rental expenses

  real property $95,617

• 6c · Rental income or loss

  real property $149,999

• 6d · Net rental income or loss

  total $149,999 · excluded $149,999

• 7a · Gross sales of assets other than inventory

  other assets $576,959

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

  other assets $172,322

• 7c · Gain or loss

  other assets $404,637

• 7d · Net gain or loss

  total $404,637 · excluded $404,637

• 11a · Other revenue: COST RECOVERY REVENUE

  total $156,269 · excluded $156,269

• 11b · Other revenue: CONTRACTED SERVICE REVENUE

  total $94,512 · excluded $94,512

• 11c · Other revenue: CAFETERIA REVENUE

  total $78,356 · excluded $78,356

• 11d · All other revenue

  total $31,890 · excluded $31,890

• 11e · Other revenue, total

  $361,027

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $178,629 · management and general $178,629

• 7 · Other salaries and wages

  total $14,438,487 · program services $12,638,008 · management and general $1,800,479

• 8 · Pension plan contributions

  total $450,203 · program services $395,598 · management and general $54,605

• 9 · Other employee benefits

  total $2,481,412 · program services $2,149,112 · management and general $332,300

• 10 · Payroll taxes

  total $988,313 · program services $854,985 · management and general $133,328

• 11b · Fees: legal

  total $22,177 · management and general $22,177

• 11c · Fees: accounting

  total $399 · management and general $399

• 11g · Fees: other

  total $2,462,941 · program services $2,306,926 · management and general $156,015

• 12 · Advertising and promotion

  total $139,011 · program services $44,935 · management and general $94,076

• 13 · Office expenses

  total $334,316 · program services $108,067 · management and general $226,249

• 14 · Information technology

  total $550,518 · program services $177,954 · management and general $372,564

• 16 · Occupancy

  total $442,745 · program services $392,883 · management and general $49,862

• 17 · Travel

  total $41,452 · program services $13,399 · management and general $28,053

• 19 · Conferences, conventions and meetings

  total $39,121 · program services $12,646 · management and general $26,475

• 20 · Interest

  total $11,527 · program services $9,483 · management and general $2,044

• 22 · Depreciation, depletion and amortization

  total $874,121 · program services $747,377 · management and general $126,744

• 23 · Insurance

  total $212,899 · program services $212,899

• 24a · Other expenses: MEDICAL SUPPLIES

  total $3,074,922 · program services $2,877,589 · management and general $197,333

• 24b · Other expenses: BAD DEBT EXPENSE

  total $1,514,065 · program services $1,514,065

• 24c · Other expenses: TAXES AND LICENSES

  total $853,871 · program services $276,012 · management and general $577,859

• 24d · Other expenses: REPAIRS AND MAINTENANCE

  total $559,876 · program services $383,845 · management and general $176,031

• 24e · All other expenses

  total $505,421 · program services $163,376 · management and general $342,045

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,191,295 · end of year $2,569,514

• 2 · Savings and temporary cash investments

  beginning of year $7,098,594 · end of year $368,717

• 4 · Accounts receivable

  beginning of year $9,440,918 · end of year $10,972,846

• 8 · Inventories for sale or use

  beginning of year $271,241 · end of year $256,425

• 9 · Prepaid expenses and deferred charges

  beginning of year $203,385 · end of year $317,067

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

  $42,443,616

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

  $28,817,649

• 10c · Land, buildings and equipment, net

  beginning of year $13,367,146 · end of year $13,625,967

• 13 · Investments: program-related

  beginning of year $845,805 · end of year $1,354,694

• 14 · Intangible assets

  beginning of year $0 · end of year $11,686

• 15 · Other assets

  beginning of year $2,828,659 · end of year $2,157,194

• 17 · Accounts payable and accrued expenses

  beginning of year $3,578,457 · end of year $4,564,815

• 18 · Grants payable

  beginning of year $130,964 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $7,093 · end of year $364,153

• 25 · Other liabilities

  beginning of year $301,189 · end of year $594,531

• 27 · Net assets without donor restrictions

  beginning of year $32,183,619 · end of year $26,110,611

• 28 · Net assets with donor restrictions

  beginning of year $45,721 · end of year $0

The filer's explanations (Part III)

PART I, LINE 3

THE ORGANIZATION'S COMPENSATION IS DETERMINED BY BLUEWATER HEALTHCARE NETWORK DBA ASPIRE RURAL HEALTH, A RELATED ORGANIZATION. THE FOLLOWING WERE USED IN DETERMINING THE COMPENSATION: 1. COMPENSATION SURVEY OR STUDY 2. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE 3. WRITTEN EMPLOYMENT CONTRACT

Related partnerships

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

• THUMB MRI LLC

  RELATED · IMAGING · MI · 33.33% owned · share of income $1,002,620 · share of assets $1,161,509 · general or managing partner

Related corporations and trusts

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

• SELAD CORPORATION

  C · RETAIL PHARMACY · MI