Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 3 · Investment income

  total $24,059 · excluded $24,059

• 6a · Gross rents

  real property $377,244

• 6b · Less rental expenses

  real property $397,117

• 6c · Rental income or loss

  real property -$19,873

• 6d · Net rental income or loss

  total -$19,873 · unrelated business -$1,783 · excluded -$18,090

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $212,871 · management and general $212,871

• 8 · Pension plan contributions

  total $48,368 · management and general $48,368

• 9 · Other employee benefits

  total $11,768 · management and general $11,768

• 10 · Payroll taxes

  total $11,301 · management and general $11,301

• 11g · Fees: other

  total $112,129 · management and general $112,129

• 20 · Interest

  total $124 · management and general $124

• 22 · Depreciation, depletion and amortization

  total $223,156 · management and general $223,156

• 24a · Other expenses: SUPPLIES

  total $3,135 · management and general $3,135

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $500 · end of year $500

• 2 · Savings and temporary cash investments

  beginning of year $171,638 · end of year $191,303

• 4 · Accounts receivable

  beginning of year $533,905 · end of year $55,864

• 9 · Prepaid expenses and deferred charges

  beginning of year $474,363 · end of year $5,461,933

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

  $34,124,460

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

  $13,164,536

• 10c · Land, buildings and equipment, net

  beginning of year $18,931,112 · end of year $20,959,924

• 12 · Investments: other securities

  beginning of year $2,903,555 · end of year $1,892,322

• 14 · Intangible assets

  beginning of year $2,135,537 · end of year $2,135,537

• 15 · Other assets

  beginning of year $1,549,789 · end of year $8,815,111

• 17 · Accounts payable and accrued expenses

  beginning of year $18,310,897 · end of year $19,900,114

• 23 · Secured mortgages and notes payable

  beginning of year $12,195,117 · end of year $9,820,053

• 24 · Unsecured notes and loans payable

  beginning of year $696,665 · end of year $696,662

• 25 · Other liabilities

  beginning of year $78,535 · end of year $20,122,028

• 27 · Net assets without donor restrictions

  beginning of year -$4,580,815 · end of year -$11,026,363

The filer's explanations (Part III)

PART I, LINE 1A

FIRST CLASS OR CHARTER TRAVEL. LOGAN HEALTH ONLY PROVIDES FIRST CLASS TRAVEL PAID WITH POINTS. CHARTER TRAVEL IS UTILIZED FOR THESE INDIVIDUALS WHEN A GROUP IS FLYING TOGETHER TO A CONFERENCE OR MEETING AND IT IS LESS EXPENSIVE THAN FLYING COMMERCIAL OR NO COMMERCIAL FLIGHT IS AVAILABLE. THIS WAS NOT INCLUDED AS TAXABLE COMPENSATION AS IT WAS BUSINESS RELATED. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES. THE MEMBERS OF LOGAN HEALTH'S ADMINISTRATIVE TEAM RECEIVE A FREE MEMBERSHIP TO THE SUMMIT MEDICAL FITNESS CENTER, AN AFFILIATED ORGANIZATION.

PART I, LINES 4A-B

DEBORAH WILSON RECEIVED A SEVERENCE PAYMENT PURSUANT TO AGREEMENT VOLUNTARILY ENTERED INTO BY THE PARTIES. CRAIG LAMBRECHT, CINDY MORRISON, DEBORAH WILSON, WILLIAM GIBSON, BRUCE WHITFIELD, AND APRIL MCGAULEY PARTICIPATED IN A SECTION 457(F) DEFERRED COMPENSATION PLAN BUT RECEIVED NO PAYMENTS. A COMMITTEE APPOINTED BY THE BOARD OF TRUSTEES SELECTS THE PLAN'S PARTICIPANTS FROM A SELECT GROUP OF MANAGEMENT AND HIGHLY COMPENSATED EMPLOYEES. THE EMPLOYER WILL CONTRIBUTE TO THE PLAN BASED ON THE TERMS OF THE PARTICIPANT'S INCENTIVE COMPENSATION PLAN. THE FUNDS IN THE PARTICIPANT'S NON-RETIREMENT ACCOUNT ARE DISTRIBUTABLE IN THE THIRD YEAR AFTER THE PARTICIPANT PERFORMS THE SERVICES ATTRIBUTABLE TO THE DEFERRED COMPENSATION. THE PARTICIPANT CAN DEFER DISTRIBUTION. THE FUNDS IN THE PARTICIPANT'S RETIREMENT ACCOUNT ARE DISTRIBUTABLE WHEN THE PARTICIPANT SEPARATES FROM SERVICE. A PARTICIPANT'S NON-RETIREMENT ACCOUNT VESTS AT THE EARLIER OF THE PARTICIPANT'S DEATH, DISABILITY, OR ELECTED DISTRIBUTION DATE. A PARTICIPANT'S RETIREMENT ACCOUNT VESTS UPON THE COMPLETION OF FIVE YEARS OF SERVICE AS A SENIOR EXECUTIVE OR, IF EARLIER, THE PARTICIPANT'S DEATH OR DISABILITY. ANY AMOUNT CREDITED TO THE PARTICIPANT'S ACCOUNT IS TAXABLE ON THE VESTING DATE, REGARDLESS OF WHETHER THE AMOUNT DISTRIBUTABLE AT THAT TIME.

PART I, LINE 7

BONUS PLANS ADMIN AND MGMT-BASED ON A NUMBER OF FACTORS INCLUDING BUT NOT LIMITED TO: QUALITY AND FINANCIAL INDICATORS INCLUDING DEPARTMENT SPECIFIC GOALS AND INITIATIVES, PATIENT SATISFACTION, PRODUCTIVITY, EMPLOYEE SATISFACTION, AND EMPLOYEE EVALUATION TIMELINESS. SUCCESSFUL IMPLEMENTATION OF COMPANY FISCAL YEAR ACTION PLANS AND THE OVERALL FINANCIAL HEALTH AND STABILITY OF THE ORGANIZATION.

Related partnerships

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

• FLATHEAD HOSPITAL DEVELOPMENT COMPANY LLC

  COMMERICAL BUILDING RENTAL · MT

• NORTHWEST PROFESSINAL CENTER

  EXCLUDED SEC 512 · COMMERCIAL CONDMINIUM MANAGEMENT · MT · 39.6% owned · share of income $10,149 · share of assets $152,753 · general or managing partner

Related corporations and trusts

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

• APPLIED HEALTH SERVICES INC

  C · HEALTH RELATED · MT · 100% owned · share of assets $21,537,051 · controlled entity

  Directly controlled by LOGAN HEALTH