Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $45,975

• 1f · All other contributions, gifts and grants

  $286

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

  total $13,357,057 · related or exempt $13,357,057

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $33,033 · excluded $33,033

• 6a · Gross rents

  real property $10,505

• 6c · Rental income or loss

  real property $10,505 · personal property $0

• 6d · Net rental income or loss

  total $10,505 · excluded $10,505

• 7a · Gross sales of assets other than inventory

  securities $10,600 · other assets $269,289

• 7c · Gain or loss

  securities $10,600 · other assets $269,289

• 7d · Net gain or loss

  total $279,889 · excluded $279,889

• 8c · Net income from fundraising events

  total $0

• 11a · Other revenue: OTHER REVENUE

  total $11,001 · excluded $11,001

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $11,001

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,041,028 · program services $250,209 · management and general $790,819

• 7 · Other salaries and wages

  total $8,108,049 · program services $7,002,152 · management and general $1,105,897

• 8 · Pension plan contributions

  total $118,216 · program services $93,782 · management and general $24,434

• 9 · Other employee benefits

  total $1,692,893 · program services $1,248,897 · management and general $443,996

• 10 · Payroll taxes

  total $654,456 · program services $528,048 · management and general $126,408

• 11b · Fees: legal

  total $133,187 · management and general $133,187

• 11c · Fees: accounting

  total $137,702 · management and general $137,702

• 11f · Fees: investment management

  total $4,921 · management and general $4,921

• 11g · Fees: other

  total $623,596 · program services $611,070 · management and general $12,526 · fundraising $0

• 12 · Advertising and promotion

  total $42,524 · management and general $42,524

• 13 · Office expenses

  total $216,520 · program services $210,851 · management and general $5,669

• 14 · Information technology

  total $600,192 · program services $588,136 · management and general $12,056

• 17 · Travel

  total $569,834 · program services $569,834

• 19 · Conferences, conventions and meetings

  total $11,823 · program services $4,652 · management and general $7,171

• 20 · Interest

  total $20,066 · program services $17,026 · management and general $3,040

• 22 · Depreciation, depletion and amortization

  total $536,984 · program services $455,623 · management and general $81,361

• 23 · Insurance

  total $111,469 · program services $109,230 · management and general $2,239

• 24a · Other expenses: PATIENT EXPENSES

  total $1,245,045 · program services $1,245,045

• 24b · Other expenses: MEDICAL SUPPLIES

  total $219,932 · program services $219,932

• 24c · Other expenses: LICENSES, DUES, SUBSCRIPTIONS

  total $34,385 · program services $33,694 · management and general $691

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $123,754 · end of year $1,135,643

• 2 · Savings and temporary cash investments

  beginning of year $932,968 · end of year $0

• 4 · Accounts receivable

  beginning of year $1,596,470 · end of year $1,746,733

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $18,704 · end of year $18,704

• 9 · Prepaid expenses and deferred charges

  beginning of year $73,775 · end of year $108,939

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

  $3,018,348

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

  $792,249

• 10c · Land, buildings and equipment, net

  beginning of year $2,352,964 · end of year $2,226,099

• 11 · Investments: publicly traded securities

  beginning of year $1,273,568 · end of year $0

• 12 · Investments: other securities

  beginning of year $113,333 · end of year $113,333

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $478,000

• 15 · Other assets

  beginning of year $2,248,818 · end of year $701,722

• 17 · Accounts payable and accrued expenses

  beginning of year $1,679,475 · end of year $1,398,136

• 19 · Deferred revenue

  beginning of year $1,768 · end of year $1,768

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $668,243 · end of year $1,124,518

• 25 · Other liabilities

  beginning of year $2,997,625 · end of year $651,048

• 27 · Net assets without donor restrictions

  beginning of year $2,113,675 · end of year $3,353,703

• 28 · Net assets with donor restrictions

  beginning of year $1,273,568

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

FOLLOWING THE ACQUISITION, THE NEW CEO & CFO ARE NOW COMPENSATED BY THE RELATED ORGANIZATION, MIDLAND CARE CONNECTION INC (MCC). MCC USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF THE CEO: - COMPENSATION SERVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Schedule J, Part I, Line 4a Severance or change-of-control payment

BRADFORD EVANS RECEIVED SEVERANCE PAY IN THE AMOUNT OF $160,850 IN 5 EQUAL PAYMENTS. ALL OF THESE WERE PAID IN 2024.