Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $64,990

• 1d · Related organizations

  $26,667

• 1f · All other contributions, gifts and grants

  $251,219

• 2a · Program service revenue: Patient services

  total $246,446,457 · related or exempt $246,446,457

• 2b · Program service revenue: Tuition, education, and seminars

  total $1,571,116 · related or exempt $1,571,116

• 2c · Program service revenue: Physician and office/admin fees

  total $892,351 · related or exempt $892,351

• 2d · Program service revenue: Cafeteria

  total $661,258 · related or exempt $661,258

• 2e · Program service revenue: Thrift/gift shop and boutique

  total $140,767 · related or exempt $140,767

• 3 · Investment income

  total $1,637,011 · excluded $1,637,011

• 6a · Gross rents

  real property $172,028

• 6b · Less rental expenses

  real property $233,922

• 6c · Rental income or loss

  real property -$61,894

• 6d · Net rental income or loss

  total -$61,894 · excluded -$61,894

• 7a · Gross sales of assets other than inventory

  securities $46,091,073 · other assets $161,165

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

  securities $43,741,717 · other assets $0

• 7c · Gain or loss

  securities $2,349,356 · other assets $161,165

• 7d · Net gain or loss

  total $2,510,521 · excluded $2,510,521

• 8a · Fundraising events: gross income

  $6,622

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

  $64,990

• 8b · Fundraising events: direct expenses

  $6,867

• 8c · Net income from fundraising events

  total -$245 · excluded -$245

• 11a · Other revenue: Answering services

  total $30,265 · unrelated business $30,265

• 11b · Other revenue: Housekeeping services

  total $14,260 · unrelated business $14,260

• 11e · Other revenue, total

  $44,525

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $28,149 · program services $28,149

• 2 · Grants to domestic individuals

  total $42,946 · program services $42,946

• 5 · Compensation of officers, directors and key employees

  total $940,384 · program services $835,013 · management and general $105,371

• 7 · Other salaries and wages

  total $98,623,065 · program services $87,572,261 · management and general $11,050,804

• 8 · Pension plan contributions

  total $1,434,435 · program services $1,273,705 · management and general $160,730

• 9 · Other employee benefits

  total $11,551,861 · program services $10,257,464 · management and general $1,294,397

• 10 · Payroll taxes

  total $6,668,582 · program services $5,922,312 · management and general $746,270

• 11a · Fees: management

  total $15,343,493 · management and general $15,343,493

• 11b · Fees: legal

  total $231,524 · management and general $231,524

• 11c · Fees: accounting

  total $96,575 · management and general $96,575

• 11g · Fees: other

  total $63,234,614 · program services $41,512,650 · management and general $21,721,964

• 12 · Advertising and promotion

  total $517,389 · program services $339,659 · management and general $177,730

• 13 · Office expenses

  total $5,623,104 · program services $3,691,490 · management and general $1,931,614

• 14 · Information technology

  total $905,133 · program services $594,207 · management and general $310,926

• 16 · Occupancy

  total $4,900,499 · program services $3,217,110 · management and general $1,683,389

• 17 · Travel

  total $283,319 · program services $185,995 · management and general $97,324

• 19 · Conferences, conventions and meetings

  total $749,046 · program services $491,738 · management and general $257,308

• 20 · Interest

  total $2,714,902 · program services $2,714,902

• 22 · Depreciation, depletion and amortization

  total $5,031,883 · program services $5,031,883

• 23 · Insurance

  total $5,316,545 · program services $3,490,238 · management and general $1,826,307

• 24a · Other expenses: Med. supplies/equipment

  total $31,283,363 · program services $31,283,363

• 24b · Other expenses: Medicaid tax

  total $11,046,318 · program services $11,046,318

• 24c · Other expenses: Provision for bad debts

  total $8,221,097 · program services $8,221,097

• 24d · Other expenses: Repairs and maintenance

  total $1,483,053 · program services $973,604 · management and general $509,449

• 24e · All other expenses

  total $1,424,656 · program services $935,270 · management and general $489,386

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,015,598 · end of year $1,255,350

• 2 · Savings and temporary cash investments

  beginning of year $22,679,005 · end of year $1,051,080

• 4 · Accounts receivable

  beginning of year $30,241,920 · end of year $34,181,950

• 7 · Other notes and loans receivable

  beginning of year $2,074,951 · end of year $2,007,279

• 8 · Inventories for sale or use

  beginning of year $4,239,564 · end of year $4,203,371

• 9 · Prepaid expenses and deferred charges

  beginning of year $999,163 · end of year $2,030,179

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

  $180,966,677

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

  $119,248,152

• 10c · Land, buildings and equipment, net

  beginning of year $60,157,235 · end of year $61,718,525

• 11 · Investments: publicly traded securities

  beginning of year $4,742,565 · end of year $1,603,431

• 12 · Investments: other securities

  beginning of year $139,396,833 · end of year $108,973,409

• 13 · Investments: program-related

  beginning of year $18,260,757 · end of year $17,850,499

• 14 · Intangible assets

  beginning of year $2,200,188 · end of year $2,579,550

• 15 · Other assets

  beginning of year $877,999 · end of year $2,137,778

• 17 · Accounts payable and accrued expenses

  beginning of year $26,306,961 · end of year $34,507,467

• 25 · Other liabilities

  beginning of year $109,586,394 · end of year $99,877,925

• 27 · Net assets without donor restrictions

  beginning of year $152,759,584 · end of year $102,778,923

• 28 · Net assets with donor restrictions

  beginning of year $2,232,839 · end of year $2,428,086

The filer's explanations (Part III)

Part I, Line 1a

Certain top executives of the Hospital may access a limited discretionary spending account with which to pursue and cover business-related expenditures that further that Hospital's mission and general operations. Additionally, the Hospital pays membership dues to the Country Club of Nashua on behalf of its President and other top executives. Any meals, entertainment, or other personsal expenses incurred by Hospital staff and executives through the use of the membership must be paid for by the applicable individuals; should the Hospital pay for such costs when paying for the Club's membership, the Hospital will request reimbursement from the relevant persons. The Hospital does not request reimbursement for the cost of the membership; the Club's facilities, conference rooms, and meeting spaces are used primarily for Hospital functions, meetings, and other operations, are the dues are considered to be a business expense incurred by the Hospital.

Part I, Line 3

All compensation paid to the Hospital's SVP and President is established, reviewed, and approved by Covenant Health, the Hospital's sole corporate member. Covenant Health utilizes a compensation committee, independent compensation consultants, and compensation surveys and studies of similarly experienced executives employed by comparable organizations to determine a reasonable and appropriate compensation package for the Hospital's SVP and President. The compensation plan is subject to the approval of the Compensation Committee of Covenant Health's Board of Directors.

Part I, Line 7

"Cash in" of earned time.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• SJH Surgicenter LLC

  Inactive Outpatient Surgery · NH

  Directly controlled by St Joseph Hospital

Related corporations and trusts

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

• Campus Holding

  C · Holding company · ME

• Covenant Health Insurance LTD

  C · Self-insurance company · CJ

• First Choice PHO

  C · Physician hospital organization · NH · 50% owned · share of income $60,962 · share of assets $762,410 · controlled entity

  Directly controlled by St Joseph Hospital of Nashua

• GNM Corporation

  C · Real estate holding company · NH

• SJ Physicians Services

  C · Physician practice · NH

• St Joseph Hospital Corporate Services

  C · Holding company · NH · 100% owned · share of income $2,068,285 · share of assets $28,686,760 · controlled entity

  Directly controlled by St Joseph Hospital of Nashua

• Strauss Incorporated

  C · Repairs and transcriptions · ME