Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: NET PATIENT SERV REV

  total $3,424,840 · related or exempt $3,424,840

• 7a · Gross sales of assets other than inventory

  other assets $3,000

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

  other assets $0

• 7c · Gain or loss

  other assets $3,000

• 7d · Net gain or loss

  total $3,000 · excluded $3,000

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $9,000 · program services $9,000

• 7 · Other salaries and wages

  total $2,146,820 · program services $2,068,186 · management and general $78,634

• 9 · Other employee benefits

  total $213,576 · program services $205,759 · management and general $7,817

• 10 · Payroll taxes

  total $102,622 · program services $98,866 · management and general $3,756

• 11g · Fees: other

  total $197,471 · program services $193,857 · management and general $3,614

• 13 · Office expenses

  total $19,429 · program services $18,718 · management and general $711

• 16 · Occupancy

  total $104,216 · program services $102,309 · management and general $1,907

• 20 · Interest

  total $17,336 · program services $17,019 · management and general $317

• 22 · Depreciation, depletion and amortization

  total $356,048 · program services $356,048

• 23 · Insurance

  total $163,187 · program services $163,187

• 24a · Other expenses: BAD DEBT EXPENSE

  total $338,812 · program services $338,812

• 24b · Other expenses: FUEL EXPENSE

  total $179,356 · program services $179,356

• 24c · Other expenses: REPAIRS & MAINTENANCE

  total $141,576 · program services $141,576

• 24d · Other expenses: SUPPLIES

  total $78,738 · program services $75,856 · management and general $2,882

• 24e · All other expenses

  total $24,718 · program services $24,266 · management and general $452

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $228,648 · end of year $196,639

• 4 · Accounts receivable

  beginning of year $407,338 · end of year $492,405

• 8 · Inventories for sale or use

  beginning of year $13,657 · end of year $12,059

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,110 · end of year $41,370

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

  $2,344,017

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

  $248,111

• 10c · Land, buildings and equipment, net

  beginning of year $1,275,195 · end of year $2,095,906

• 15 · Other assets

  beginning of year $1,132,715 · end of year $121,294

• 17 · Accounts payable and accrued expenses

  beginning of year $283,443 · end of year $1,080,839

• 23 · Secured mortgages and notes payable

  end of year $711,875

• 25 · Other liabilities

  beginning of year $121,925 · end of year $49,718

• 27 · Net assets without donor restrictions

  beginning of year $2,656,295 · end of year $1,117,241

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION FOR THE CEO IS DETERMINED BY ASHLAND HOSPITAL CORPORATION (RELATED ORGANIZATION) USING THE FOLLOWING METHODS: INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY/STUDY, AND APPROVAL BY THE BOARD/COMPENSATION COMMITTEE.

PART I, LINES 4A-B

THE FOLLOWING EMPLOYEES RECEIVED CHANGE IN CONTROL PAYMENTS: - SHERYL MAHANEY: $1,209,162 - SARA MARKS: $1,175,614 - AUTUMN MCFANN: $1,208,771 THESE WERE PAID AS A RESULT OF THE 12/1/22 MEMBER SUBSTITUTION WITH THE UNIVERSITY OF KENTUCKY. THE FOLLOWING EMPLOYEES RECEIVED PAYMENTS FROM A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: - AUTUMN MCFANN: $18,996 - SARA MARKS: $19,541 THE CEO AND CERTAIN VICE PRESIDENTS, WHOSE BENEFIT IN THE QUALIFIED TAX SHELTERED ANNUITY PLAN IS LIMITED DUE TO THE IRS COMPENSATION AND BENEFIT LIMITS, RECEIVE A BENEFIT RESTORATION CONTRIBUTION UNDER THE DEFERRED ANNUITY PLAN THAT IS PAID AS A TAXABLE DISTRIBUTION TO THE PARTICIPANT ANNUALLY. THE FOLLOWING EMPLOYEES RECEIVED 457(F) EXECUTIVE RETENTION PLAN PAYOUTS: - AUTUMN MCFANN $50,000 - SARA MARKS $50,000 ALL OF THESE PAYMENTS WERE MADE BY AHC.

PART I, LINE 7

NONFIXED PAYMENTS ARE MADE AS A PART OF THE MEDICAL CENTER'S TEAM INCENTIVE AWARD (TIA) PLAN. ALL TEAM MEMBERS ARE ELIGIBLE FOR THE TIA. THE TIA IS PAID OUT BASED UPON SUCCESSFUL COMPLETION OF BOTH QUANTITATIVE AND QUALITATIVE STRATEGIC GOALS, SET ANNUALLY BY THE MEDICAL CENTER LEADERSHIP TEAM AND APPROVED BY THE BOARD OF DIRECTORS.

Related corporations and trusts

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

• ASHLAND MEDICAL PROPERTIES INC

  C · RENTALS · KY