Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: OUTPATIENT CARE

  total $184,387,728 · related or exempt $184,387,728 · unrelated business $0 · excluded $0

• 2b · Program service revenue: INPATIENT CARE

  total $122,333,230 · related or exempt $122,333,230 · unrelated business $0 · excluded $0

• 2c · Program service revenue

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

• 2d · Program service revenue

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

• 2e · Program service revenue

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

• 2f · All other program service revenue

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

• 3 · Investment income

  total $9,375,728 · related or exempt $0 · unrelated business $0 · excluded $9,375,728

• 4 · Income from investment of tax-exempt bond proceeds

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

• 5 · Royalties

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

• 6a · Gross rents

  real property $0

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 6d · Net rental income or loss

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

• 7a · Gross sales of assets other than inventory

  securities $0

• 7c · Gain or loss

  securities $0 · other assets $0

• 7d · Net gain or loss

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

• 8a · Fundraising events: contributions included on line 1c

  $0

• 8c · Net income from fundraising events

  total $0 · unrelated business $0 · excluded $0

• 9c · Net income from gaming

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

• 10c · Net income from sales of inventory

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

• 11d · All other revenue

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

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0 · program services $0

• 2 · Grants to domestic individuals

  total $0 · program services $0

• 3 · Grants to foreign organizations and individuals

  total $0 · program services $0

• 4 · Benefits paid to or for members

  total $0 · program services $0

• 5 · Compensation of officers, directors and key employees

  total $478,848 · program services $0 · management and general $478,848 · fundraising $0

• 6 · Compensation of disqualified persons

  total $0 · program services $0 · management and general $0 · fundraising $0

• 7 · Other salaries and wages

  total $104,570,817 · program services $102,859,712 · management and general $1,711,105 · fundraising $0

• 8 · Pension plan contributions

  total $3,706,052 · program services $3,701,249 · management and general $4,803 · fundraising $0

• 9 · Other employee benefits

  total $10,692,792 · program services $10,498,577 · management and general $194,215 · fundraising $0

• 10 · Payroll taxes

  total $7,636,120 · program services $7,483,398 · management and general $152,722 · fundraising $0

• 11a · Fees: management

  total $0 · program services $0 · management and general $0 · fundraising $0

• 11b · Fees: legal

  total $0 · program services $0 · management and general $0 · fundraising $0

• 11c · Fees: accounting

  total $0 · program services $0 · management and general $0 · fundraising $0

• 11d · Fees: lobbying

  total $0 · program services $0 · management and general $0 · fundraising $0

• 11e · Fees: professional fundraising services

  total $0 · fundraising $0

• 11f · Fees: investment management

  total $0 · program services $0 · management and general $0 · fundraising $0

• 11g · Fees: other

  total $11,756,086 · program services $11,756,086 · management and general $0 · fundraising $0

• 12 · Advertising and promotion

  total $470,738 · program services $470,738 · management and general $0 · fundraising $0

• 13 · Office expenses

  total $528,913 · program services $523,624 · management and general $5,289 · fundraising $0

• 14 · Information technology

  total $0 · program services $0 · management and general $0 · fundraising $0

• 15 · Royalties

  total $0 · program services $0 · management and general $0 · fundraising $0

• 16 · Occupancy

  total $23,185,071 · program services $23,185,071 · management and general $0 · fundraising $0

• 17 · Travel

  total $22,060 · program services $21,839 · management and general $221 · fundraising $0

• 18 · Travel or entertainment for public officials

  total $0 · program services $0 · management and general $0 · fundraising $0

• 19 · Conferences, conventions and meetings

  total $0 · program services $0 · management and general $0 · fundraising $0

• 20 · Interest

  total $15,023,607 · program services $0 · management and general $15,023,607 · fundraising $0

• 21 · Payments to affiliates

  total $0 · program services $0 · management and general $0 · fundraising $0

• 22 · Depreciation, depletion and amortization

  total $6,576,060 · program services $0 · management and general $6,576,060 · fundraising $0

• 23 · Insurance

  total $7,102 · program services $7,102 · management and general $0 · fundraising $0

• 24a · Other expenses: MEDICAL AND SURGICAL SUPPLIES

  total $82,415,778 · program services $82,415,778 · management and general $0 · fundraising $0

• 24b · Other expenses: PURCHASED SERVICES

  total $37,239,884 · program services $9,309,971 · management and general $27,929,913 · fundraising $0

• 24c · Other expenses: PROVISION FOR BAD DEBT

  total $12,866,654 · program services $12,866,654 · management and general $0 · fundraising $0

• 24d · Other expenses: LICENSE FEES

  total $5,354,292 · program services $5,354,292 · management and general $0 · fundraising $0

• 24e · All other expenses

  total $2,456,050 · program services $2,309,030 · management and general $147,020 · fundraising $0

• 26 · Joint costs (an allocation of the lines above)

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $0 · end of year $337,333

• 2 · Savings and temporary cash investments

  beginning of year $0 · end of year $15,970,042

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $0 · end of year $43,899,272

• 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

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $5,850,467

• 9 · Prepaid expenses and deferred charges

  beginning of year $0 · end of year $589,913

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

  $82,815,752

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

  $5,321,603

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $77,494,149

• 11 · Investments: publicly traded securities

  beginning of year $0 · end of year $2,418,668

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  end of year $13,655,027

• 15 · Other assets

  beginning of year $0 · end of year $338,082,645

• 17 · Accounts payable and accrued expenses

  beginning of year $0 · end of year $23,651,572

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $0 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $116,226,914

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $118,796,637

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $0 · end of year $293,887,401

• 27 · Net assets without donor restrictions

  beginning of year $0 · end of year -$54,265,008

• 28 · Net assets with donor restrictions

  beginning of year $0 · end of year $0

• 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 $0 · end of year $0

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A TAX INDEMNIFICATION AND GROSS-UP PAYMENTS

TAX INDEMNIFICATION AND GROSSED UP PAYMENTS: THE BROWN HEALTH EXECUTIVE LONG TERM DISABILITY PROGRAM PROVIDES FINANCIAL PROTECTION TO DESIGNATED BROWN HEALTH PHYSICIANS AND EXECUTIVES IN THE EVENT THAT THEY BECOME DISABLED. PREMIUMS PAID BY THE EMPLOYEES AFTER-TAX ARE REIMBURSED AND THE TAXABLE BENEFIT IS GROSSED UP TO COVER THE TOTAL COST OF THE BENEFIT AS PROVIDED IN THE BROWN HEALTH EXECUTIVE BENEFIT PLAN AND IS INCLUDED IN REPORTABLE COMPENSATION AND INCLUDED IN SCHEDULE J, PART II, COLUMN B (III).

SCHEDULE J, PART I, LINE 3 ARRANGEMENT USED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION

COMPENSATION OF THE SAINT ANNE'S HOSPITAL PRESIDENT IS DETERMINED BY THE COMPENSATION COMMITTEE OF BROWN HEALTH. THIS COMMITTEE'S DETERMINATION PROCESS UTILIZES A COMBINATION OF AN INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACTS, AND COMPENSATION STUDIES/SURVEYS, ALONG WITH APPROVAL BY THE BROWN HEALTH BOARD OF DIRECTORS.

SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN

LINE 4B: BROWN HEALTH OFFERS A NON-QUALIFIED SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN (SERP) TO CERTAIN EXECUTIVES. THE FOLLOWING INDIVIDUALS WERE CREDITED WITH THE NON-VESTED AMOUNTS INDICATED DURING CALENDAR YEAR 2024 AND SUCH AMOUNTS ARE INCLUDED IN DEFERRED COMPENSATION ON SCHEDULE J, PART II, COLUMN C: PAUL J. ADLER - $106,677. CAROLE A. BILLINGTON - $8,500. JOHN FERNANDEZ - $313,833. SARAH FROST - $69,756. EVA GREENWOOD - $73,257. BABAR KHOKHAR MD - $124,010. MARCIA NEIBERG - $88,870. IN 2024, THE FOLLOWING INDIVIDUALS BECAME VESTED IN AND WERE PAID A 2021 NON-QUALIFIED SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN (SERP) AMOUNT AND SUCH AMOUNTS ARE INCLUDED IN MEDICARE WAGES, MORE SPECIFICALLY ON SCHEDULE J, PART II, COLUMN B(III): PAUL J. ADLER - $89,854. PETER K. MARKELL - $158,521. THE PORTION OF THE ABOVE PAYMENTS THAT WAS REPORTED AS DEFERRED COMPENSATION IN PRIOR YEARS IS REFLECTED ON SCHEDULE J, PART II, COLUMN F. PARTICIPANTS INCLUDED IN BROWN HEALTH'S SERP ARE AWARDED PLAN CONTRIBUTIONS ON A QUARTERLY BASIS. CONTRIBUTIONS AND INTEREST EARNED DURING A PLAN YEAR VEST AFTER THREE YEARS AND ARE PAID TO PLAN PARTICIPANTS AT THAT TIME. SERP PAYMENTS EARNED DURING THE CALENDAR YEAR WHICH HAVE NOT YET VESTED ARE DISCLOSED ON SCHEDULE J, PART II, COLUMN C. VESTED SERP PAYMENTS RECEIVED DURING THE YEAR ARE DISCLOSED ON SCHEDULE J, PART II, COLUMN B(III) (AS WELL AS COLUMN F IF REPORTED ON SCHEDULE J, PART II, COLUMN C OF A PREVIOUSLY FILED FORM 990). PLAN CONTRIBUTIONS AWARDED TO PARTICIPANTS WHO HAVE REACHED AGE 62 BECOME VESTED AS OF THE BEGINNING OF THE FOLLOWING CALENDAR YEAR.

Related partnerships

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

• BROWN UNIVERSITY HEALTH ALLIANCE

  N/A · ACCOUNTABLE CARE ORGANIZATION · RI · share of income $0 · share of assets $0

  Directly controlled by NA

Related corporations and trusts

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

• BROWN UNIVERSITY HEALTH MSO

  C CORPORATION · MANAGEMENT SERVICES · RI

  Directly controlled by BROWN UNIVERSITY HEALTH

• BROWN UNIVERSITY HEALTH RISK SERVICES

  C CORPORATION · RISK MANAGEMENT · RI

  Directly controlled by BROWN UNIVERSITY HEALTH