Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Institution Billings

  total $5,365,352 · related or exempt $5,365,352

• 3 · Investment income

  total $225,996 · excluded $225,996

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,063,498 · management and general $1,063,498

• 7 · Other salaries and wages

  total $3,408,874 · program services $3,408,874

• 8 · Pension plan contributions

  total $141,290 · program services $141,290

• 9 · Other employee benefits

  total $414,468 · program services $414,468

• 10 · Payroll taxes

  total $236,737 · program services $201,934 · management and general $34,803

• 11b · Fees: legal

  total $13,069 · management and general $13,069

• 11c · Fees: accounting

  total $33,075 · management and general $33,075

• 11g · Fees: other

  total $41,045 · program services $41,045

• 12 · Advertising and promotion

  total $110,696 · program services $33,616 · management and general $77,080

• 13 · Office expenses

  total $81,096 · program services $70,036 · management and general $11,060

• 14 · Information technology

  total $3,235 · program services $3,235

• 16 · Occupancy

  total $5,821 · program services $5,821

• 17 · Travel

  total $12,705 · program services $10,752 · management and general $1,953

• 19 · Conferences, conventions and meetings

  total $26,615 · program services $25,190 · management and general $1,425

• 22 · Depreciation, depletion and amortization

  total $17,392 · program services $17,392

• 23 · Insurance

  total $19,692 · program services $19,692

• 24e · All other expenses

  total $9,915 · program services $9,915

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $1,667,304 · end of year $1,339,424

• 7 · Other notes and loans receivable

  beginning of year $208,715 · end of year $22,773

• 9 · Prepaid expenses and deferred charges

  beginning of year $87,423 · end of year $45,170

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

  $696,375

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

  $472,501

• 10c · Land, buildings and equipment, net

  beginning of year $231,058 · end of year $223,874

• 11 · Investments: publicly traded securities

  beginning of year $56,350,086 · end of year $62,954,761

• 12 · Investments: other securities

  beginning of year $2,249,753 · end of year $4,141,191

• 15 · Other assets

  beginning of year $5,420,554 · end of year $4,660,108

• 17 · Accounts payable and accrued expenses

  beginning of year $892,375 · end of year $827,054

• 25 · Other liabilities

  beginning of year $58,355,347 · end of year $65,019,448

• 27 · Net assets without donor restrictions

  beginning of year $6,967,171 · end of year $7,540,799

The filer's explanations (Part III)

Part I, Line 1a

Sisters of Mary of the Presentation Health System pays golf membership dues at a local county club. The membership dues paid are strictly for business use. Reimbursement to the organization is required for any personal use of the country club. This is stated in a written policy.

Part I, Lines 4a-b

SMP Health has a nonqualified deferred compensation plan that complies with Section 409A of the IRC. SMP Health begins contributions into the plan after the employee's first year of service. The employee is vested based on a 20 year vesting schedule or becomes fully vested in the event of death, disability or reaching the age of 65. Employee name and amounts included on Schedule J are as follows: Name Part II, column B (iii) Part II, column C James T. Kennelly 2,500 2,500 Becky Hansen 2,254 2,500 Christopher Albertson 14,798 2,500 Ryan Mickelsen 133 3,125 Matthew Ahrndt 3,199 2,500 Meldine Tang 10,023 1,500 Aaron K. Alton 711,250 Timothy A. Muntz 192,362 208 Lisa Lynch received $45,346 as a severance payment.

Part I, Line 7

Officers are eligible to participate in a performance pay program which provides for an annual potential incentive compensation payout ranging from 10% to 15% dependent upon position. Designated goals and objectives and organizational performance benchmarks are used to determine the percentage. James T. Kennelly 21,097 Becky Hansen 53,581 Christopher Albertson 31,805 Ryan Mickelsen 25,000 Matthew Ahrndt 29,160 Meldine Tang 18,787 Aaron K. Alton 93,184 Timothy A. Muntz 51,786

Related corporations and trusts

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

• Health Care Building Corp

  C · Inactive · IL

• Illinois Valley Health Services Inc

  C · Inactive · IL

• IVCH General Professional Liability Loss Fund

  T · Inactive · IL

• SMP Enterprises Inc

  C · Inactive · ND · 100% owned · share of income $3,889 · share of assets $272,671 · controlled entity

  Directly controlled by SMP Health System

• Valley Health Enterprises Inc

  C · Home medical equipment · IL