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Nonprofiteer
← PORTNEUF HEALTH TRUST

Form 990 for tax year 2023

Filed by PORTNEUF HEALTH TRUST.

Totals

Total revenue
$40,870,597
Total expenses
$6,263,835
Contributions and grants received
$76,702
Grants paid
$1,619,936
Program service revenue
$23,001,521
Investment income
$17,792,374
Other revenue
$0
Total assets, end of year
$208,023,022
Total liabilities, end of year
$2,867,391
Net assets or fund balances, end of year
$205,155,631
Program services expenses (Part IX)
$3,413,357
Management and general expenses
$2,850,478
Fundraising expenses
$0
Program service expenses (Part III)
$3,413,357

Program services were 54.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $24,080

  • 1f · All other contributions, gifts and grants

    $52,622

  • 2a · Program service revenue: INVESTMENT IN PMC

    total $19,321,150 · related or exempt $19,321,150

  • 2b · Program service revenue: RENTAL INCOME

    total $3,653,306 · related or exempt $3,653,306

  • 2c · Program service revenue: PARKING GARAGE INCOME

    total $27,065 · related or exempt $27,065

  • 3 · Investment income

    total $17,797,283 · excluded $17,797,283

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

    other assets $4,909

  • 7c · Gain or loss

    other assets -$4,909

  • 7d · Net gain or loss

    total -$4,909 · related or exempt -$4,909

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,619,436 · program services $1,619,436

  • 2 · Grants to domestic individuals

    total $500 · program services $500

  • 7 · Other salaries and wages

    total $751,020 · program services $153,653 · management and general $597,367

  • 9 · Other employee benefits

    total $120,759 · program services $14,979 · management and general $105,780

  • 10 · Payroll taxes

    total $52,942 · program services $12,842 · management and general $40,100

  • 11b · Fees: legal

    total $1,772,566 · program services $22,106 · management and general $1,750,460

  • 11g · Fees: other

    total $150,787 · program services $124,070 · management and general $26,717

  • 13 · Office expenses

    total $6,824 · program services $79 · management and general $6,745

  • 14 · Information technology

    total $17,233 · program services $6,912 · management and general $10,321

  • 16 · Occupancy

    total $481,879 · program services $415,198 · management and general $66,681

  • 17 · Travel

    total $37,682 · program services $107 · management and general $37,575

  • 20 · Interest

    total $56,894 · management and general $56,894

  • 22 · Depreciation, depletion and amortization

    total $901,866 · program services $895,610 · management and general $6,256

  • 23 · Insurance

    total $58,211 · program services $55,573 · management and general $2,638

  • 24a · Other expenses: COMMUNITY WELLNESS PROGRA

    total $134,956 · program services $45,924 · management and general $89,032

  • 24b · Other expenses: EQUIPMENT AND SUPPLIES

    total $63,245 · program services $45,372 · management and general $17,873

  • 24c · Other expenses: DEVELOPMENT EXPENSE

    total $25,791 · management and general $25,791

  • 24d · Other expenses: BOARD EXPENSE

    total $9,108 · management and general $9,108

  • 24e · All other expenses

    total $2,136 · program services $996 · management and general $1,140

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $9,642,128 · end of year $6,744,016

  • 4 · Accounts receivable

    beginning of year $1,016,831 · end of year $909,208

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,462 · end of year $27,911

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

    $37,876,016

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

    $3,162,799

  • 10c · Land, buildings and equipment, net

    beginning of year $32,023,386 · end of year $34,713,217

  • 11 · Investments: publicly traded securities

    beginning of year $89,458,563 · end of year $121,164,745

  • 13 · Investments: program-related

    beginning of year $39,649,616 · end of year $44,463,925

  • 14 · Intangible assets

    beginning of year $4,953

  • 17 · Accounts payable and accrued expenses

    beginning of year $464,505 · end of year $1,966,769

  • 25 · Other liabilities

    beginning of year $800,565 · end of year $900,622

  • 27 · Net assets without donor restrictions

    beginning of year $170,000,403 · end of year $204,381,880

  • 28 · Net assets with donor restrictions

    beginning of year $548,466 · end of year $773,751

Mission and programs · 2023

Mission

ENHANCE THE HEALTH OF CITIZENS THROUGHOUT EASTERN IDAHO BY SUPPORTING QUALITY MEDICAL SERVICES, AND THROUGH THE DELIVERY OF WELLNESS AND PREVENTION PROGRAMS.

  • THE PORTNEUF HEALTH TRUST (PHT) IS DEDICATED TO ENSURE THE COMMUNITY HOSPITAL BENEFIT OF PORTNEUF MEDICAL CENTER AND TO INVEST INCOME FROM THAT PARTNERSHIP INTO COMMUNITY HEALTH INITIATIVES. AREAS OF FOCUS ARE ON CREATING GREATER ACCESS TO HEALTH CARE FOR THE POOR AND UNDERSERVED IN OUR REGION AND PROVIDING BETTER HEALTH CARE TECHNOLOGY AND HEALTH EDUCATION TO THE REGION. PHT ALSO INVESTS IN PHYSICAL INFRASTRUCTURE TO PROMOTE HEALTH SUCH AS THE PORTNEUF GREENWAY, AN ALL-ACCESS REGIONAL PLAYGROUND FOR CHILDREN TO PLAY AND INCREASE THEIR MENTAL AND PHYSICAL WELL-BEING, AND THE PORTNEUF WELLNESS COMPLEX. ALSO, THE FOUNDATION INVESTS IN EQUIPMENT, TECHNOLOGY, AND BRICKS AND MORTAR FOR HEALTH WEST, A FEDERALLY QUALIFIED HEALTH CLINIC, AND PROGRAMS FOR IDAHO STATE UNIVERSITY'S FAMILY PRACTICE RESIDENCY, CANCER PATIENT ASSISTANCE FUND, AND A FUN-FUND FOR CANCER PATIENTS.

    Expenses $3,413,357 · Grants $1,619,936

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Shaun Menchaca

    EXECUTIVE DI

    Total calculated
    $268,286
    From this org
    $268,286
    From related orgs
    $0
    Other
    $0

    Schedule J breakdown matched by us

    Base
    $268,286
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $268,286

  • Mark Buckalew

    BOARD CHAIRM

    Total calculated
    $0
    Hours/week
    1

  • Tj Budge

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mike Callahan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steve Farnsworth

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Susan Gibbens

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    1

  • Phil Joslin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dena Weaver

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

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

  • PHT REAL ESTATE HOLDINGS LLC

    RENT · ID · income $3,653,306

Related partnerships

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

  • POCATELLO HEALTH SYSTEMS LLC

    RELATED · HOSPITAL · ID · 23% owned · share of income $19,321,150 · general or managing partner

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202423209349308397

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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