Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $2,745

• 2a · Program service revenue: PAYMENTS FOR HOME HEAL

  total $8,202,624 · related or exempt $8,202,624

• 3 · Investment income

  total $6,539 · excluded $6,539

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $178,476 · program services $178,476

• 7 · Other salaries and wages

  total $5,677,005 · program services $4,627,259 · management and general $1,049,746

• 8 · Pension plan contributions

  total $87,148 · program services $64,975 · management and general $22,173

• 9 · Other employee benefits

  total $1,036,852 · program services $773,048 · management and general $263,804

• 10 · Payroll taxes

  total $450,386 · program services $335,795 · management and general $114,591

• 11a · Fees: management

  total $24,893 · program services $9,998 · management and general $14,895

• 11c · Fees: accounting

  total $27,596 · program services $11,084 · management and general $16,512

• 13 · Office expenses

  total $274,887 · program services $110,410 · management and general $164,477

• 14 · Information technology

  total $238,225 · program services $95,682 · management and general $142,543

• 16 · Occupancy

  total $77,616 · program services $31,174 · management and general $46,442

• 17 · Travel

  total $303,510 · program services $121,903 · management and general $181,607

• 19 · Conferences, conventions and meetings

  total $3,262 · program services $1,310 · management and general $1,952

• 22 · Depreciation, depletion and amortization

  total $69,282 · management and general $69,282

• 23 · Insurance

  total $13,386 · program services $5,376 · management and general $8,010

• 24a · Other expenses: HEALTH FACILITY ASSESSM

  total $28,225 · program services $11,336 · management and general $16,889

• 24b · Other expenses: PROFESSIONAL FEES

  total $19,447 · program services $7,811 · management and general $11,636

• 24c · Other expenses: TRAINING MISC

  total $13,913 · program services $5,588 · management and general $8,325

• 24d · Other expenses: BAD DEBT

  total $3,523 · program services $3,523

• 24e · All other expenses

  total $484,015 · program services $194,402 · management and general $289,613

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,442,774 · end of year $1,696,589

• 4 · Accounts receivable

  beginning of year $1,543,557 · end of year $1,508,260

• 9 · Prepaid expenses and deferred charges

  beginning of year $55,496 · end of year $46,594

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

  $1,685,398

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

  $1,148,320

• 10c · Land, buildings and equipment, net

  beginning of year $557,208 · end of year $537,078

• 15 · Other assets

  beginning of year $415,933 · end of year $1,145,549

• 17 · Accounts payable and accrued expenses

  beginning of year $819,285 · end of year $870,885

• 19 · Deferred revenue

  beginning of year $109,820 · end of year $133,538

• 24 · Unsecured notes and loans payable

  beginning of year $50,122 · end of year $571,329

• 25 · Other liabilities

  beginning of year $6,393,167 · end of year $7,515,483

• 27 · Net assets without donor restrictions

  beginning of year -$3,357,426 · end of year -$4,157,165

The filer's explanations (Part III)

PART I, LINE 3

IT IS THE PHILOSOPHY OF TWIN TIER HOME HEALTH (TTHH) THAT ALL STAFF, INCLUDING THE EXECUTIVE STAFF, BE COMPENSATED FAIRLY FOR THEIR WORK. BASE SALARY LEVELS, INCENTIVE/BONUS PROGRAMS AND BENEFIT PLANS SHALL TAKE INTO ACCOUNT LOCAL, REGIONAL AND NATIONAL MARKETS TO ALLOW TTHH TO RECRUIT, MOTIVATE, REWARD, RECOGNIZE AND RETAIN HIGHLY TALENTED EXECUTIVES WITH THE SKILL SETS REQUIRED TO FULFILL ITS MISSION. THE BOARD OF DIRECTORS' EXECUTIVE COMPENSATION COMMITTEE REVIEWS ANNUALLY A COMPREHENSIVE REPORT PREPARED BY AN EXTERNAL EXECUTIVE COMPENSATION CONSULTING FIRM, SULLIVAN COTTER ASSOCIATES, TO DETERMINE THE APPROPRIATENESS OF THE BASE AND TOTAL COMPENSATION LEVELS FOR TWIN TIER HOME HEALTH, INC SENIOR MANAGEMENT STAFF. THE ANNUAL REPORT FOCUSES ON TWO KEY AREAS: 1) THE COMPETITIVENESS OF SENIOR MANAGEMENT STAFF'S BASE AND TOTAL COMPENSATION (INCLUDING BENEFITS) VS. NATIONAL BENCHMARK DATA FOR COMPARABLY SIZED HEALTH CARE SYSTEMS AND HOSPITALS (BASED UPON 'TOTAL REVENUE' METRICS) AND 2) A 'REASONABLENESS ASSESSMENT' CONSISTENT WITH U.S. TREASURY DEPT REGULATIONS GOVERNING EXECUTIVE COMPENSATION FOR NOT-FOR-PROFIT ORGANIZATIONS. THE DATA FROM THIS REPORT ASSISTS THE EXECUTIVE COMPENSATION COMMITTEE IN DETERMINING THE APPROPRIATENESS OF THE SENIOR MANAGEMENTS' CURRENT BASE AND TOTAL COMPENSATION LEVELS AND THE NEED FOR ANY ADJUSTMENTS FOR THE CALENDAR YEAR. PART II THE ORGANIZATION DOES NOT COMPENSATE FOR BOARD SERVICE. THE SALARIES LISTED ARE FOR SERVICES PROVIDED AS EMPLOYEES.

PART 1, LINE 4B

SCHEDULE J, PART II, LINE 1, BIII PAYMENT IN 2023 FROM A NON-QUALIFIED PLAN: JOHN CARRIGG FOR $702,511 OTHER REPORTABLE COMPENSATION IN THE AMOUNT OF $702,511 INCLUDES A NON-QUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP). EARLY SERP DISTRIBUTIONS WERE RELATED TO INCOME TAX PAYMENTS; THE REMAINING AMOUNTS ARE DEFERRED UNTIL SUBSEQUENT TRIGGERING EVENTS.