Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $31,542

• 1f · All other contributions, gifts and grants

  $678,712

• 2a · Program service revenue: NET PATIENT SERVICE REVENUE

  total $55,835,289 · related or exempt $55,835,289

• 2b · Program service revenue: PHARMACY SERVICES (340B)

  total $472,252 · related or exempt $472,252

• 3 · Investment income

  total $289,320 · excluded $289,320

• 6a · Gross rents

  real property $7,990

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $7,990

• 6d · Net rental income or loss

  total $7,990 · excluded $7,990

• 7a · Gross sales of assets other than inventory

  other assets $56,985

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

  other assets $56,700

• 7c · Gain or loss

  other assets $285

• 7d · Net gain or loss

  total $285 · excluded $285

• 8a · Fundraising events: gross income

  $41,251

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

  $31,542

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $41,251 · excluded $41,251

• 11a · Other revenue: REBATES

  total $241,411 · related or exempt $241,411

• 11b · Other revenue: CAFETERIA SALES

  total $110,055 · related or exempt $110,055

• 11c · Other revenue: MEDICAL RECORDS REVENUE

  total $19,630 · related or exempt $19,630

• 11d · All other revenue

  total $49,820 · related or exempt $49,820

• 11e · Other revenue, total

  $420,916

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $3,000 · program services $3,000

• 5 · Compensation of officers, directors and key employees

  total $721,137 · program services $616,790 · management and general $104,347

• 7 · Other salaries and wages

  total $20,186,589 · program services $17,265,641 · management and general $2,920,948

• 8 · Pension plan contributions

  total $268,630 · program services $220,878 · management and general $47,752

• 9 · Other employee benefits

  total $3,734,879 · program services $3,070,960 · management and general $663,919

• 10 · Payroll taxes

  total $1,373,863 · program services $1,129,642 · management and general $244,221

• 11a · Fees: management

  total $630,000 · management and general $630,000

• 11b · Fees: legal

  total $120,728 · program services $105,774 · management and general $14,954

• 11c · Fees: accounting

  total $136,270 · management and general $136,270

• 11g · Fees: other

  total $14,808,196 · program services $13,146,243 · management and general $1,661,953

• 12 · Advertising and promotion

  total $159,935 · program services $141,055 · management and general $18,880

• 13 · Office expenses

  total $776,949 · program services $685,230 · management and general $91,719

• 14 · Information technology

  total $205,662 · program services $181,384 · management and general $24,278

• 16 · Occupancy

  total $709,606 · program services $625,836 · management and general $83,770

• 17 · Travel

  total $67,427 · program services $59,467 · management and general $7,960

• 19 · Conferences, conventions and meetings

  total $67,858 · program services $59,847 · management and general $8,011

• 20 · Interest

  total $919,172 · program services $874,649 · management and general $44,523

• 22 · Depreciation, depletion and amortization

  total $2,529,340 · program services $2,230,751 · management and general $298,589

• 23 · Insurance

  total $604,627 · program services $366,612 · management and general $238,015

• 24a · Other expenses: MEDICAL SUPPLIES & DRUG

  total $8,636,600 · program services $8,636,600

• 24b · Other expenses: PROVIDER TAX

  total $737,576 · program services $737,576

• 24c · Other expenses: REPAIRS AND MAINTENANCE

  total $311,360 · program services $249,847 · management and general $61,513

• 24d · Other expenses: MINOR EQUIPMENT

  total $249,409 · program services $219,966 · management and general $29,443

• 24e · All other expenses

  total $138,429 · program services $122,085 · management and general $16,344

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,093,782 · end of year $5,940,314

• 2 · Savings and temporary cash investments

  beginning of year $3,757,484 · end of year $1,758,208

• 4 · Accounts receivable

  beginning of year $3,297,240 · end of year $5,398,094

• 7 · Other notes and loans receivable

  beginning of year $403,568 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $1,006,528 · end of year $1,178,122

• 9 · Prepaid expenses and deferred charges

  beginning of year $407,115 · end of year $544,184

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

  $51,263,382

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

  $15,131,696

• 10c · Land, buildings and equipment, net

  beginning of year $37,214,346 · end of year $36,131,686

• 14 · Intangible assets

  beginning of year $14,600 · end of year $39,600

• 15 · Other assets

  beginning of year $470,178 · end of year $927,420

• 17 · Accounts payable and accrued expenses

  beginning of year $5,456,674 · end of year $6,828,460

• 20 · Tax-exempt bond liabilities

  beginning of year $34,264,302 · end of year $33,231,629

• 23 · Secured mortgages and notes payable

  beginning of year $2,992,399 · end of year $2,773,254

• 25 · Other liabilities

  beginning of year $1,867,834 · end of year $2,320,338

• 27 · Net assets without donor restrictions

  beginning of year $7,083,632 · end of year $6,763,947

The filer's explanations (Part III)

PART I, LINE 5

PHYSICIANS ARE ELIGIBLE FOR INCENTIVE COMPENSATION. THE PHYSICIAN IS COMPENSATED FOR EACH WORK RVU PERFORMED BY A PHYSICIAN IN A YEAR IN EXCESS OF THE PHYSICIAN'S WORK RVU INCENTIVE THRESHOLD FOR THE YEAR.