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Nonprofiteer
← ROCKCASTLE COUNTY HOSPITAL INC

Form 990 for tax year 2024

Filed by ROCKCASTLE COUNTY HOSPITAL INC.

Totals

Total revenue
$97,623,707
Total expenses
$93,048,243
Contributions and grants received
$332,408
Grants paid
$3,000
Program service revenue
$92,122,707
Investment income
$2,540,253
Other revenue
$2,628,339
Total assets, end of year
$115,607,878
Total liabilities, end of year
$25,086,417
Net assets or fund balances, end of year
$90,521,461
Program services expenses (Part IX)
$78,026,117
Management and general expenses
$15,022,126
Fundraising expenses
$0
Program service expenses (Part III)
$78,026,117

Program services were 83.9% 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.

  • 1e · Government grants (contributions)

    $292,002

  • 1f · All other contributions, gifts and grants

    $40,406

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $92,122,707 · related or exempt $92,122,707

  • 3 · Investment income

    total $2,476,553 · excluded $2,476,553

  • 6a · Gross rents

    real property $142,057

  • 6b · Less rental expenses

    real property $5,661

  • 6c · Rental income or loss

    real property $136,396

  • 6d · Net rental income or loss

    total $136,396 · unrelated business $7,680 · excluded $128,716

  • 7a · Gross sales of assets other than inventory

    other assets $63,700

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

    other assets $0

  • 7c · Gain or loss

    other assets $63,700

  • 7d · Net gain or loss

    total $63,700 · excluded $63,700

  • 11a · Other revenue: RPP 340 B DRUGS

    total $1,007,813 · related or exempt $1,007,813

  • 11b · Other revenue: AHEC INCOME

    total $592,287 · related or exempt $592,287

  • 11c · Other revenue: DAY CARE

    total $365,521 · related or exempt $365,521

  • 11d · All other revenue

    total $526,322 · related or exempt $526,322

  • 11e · Other revenue, total

    $2,491,943

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

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

  • 5 · Compensation of officers, directors and key employees

    total $893,067 · program services $759,107 · management and general $133,960

  • 7 · Other salaries and wages

    total $43,983,340 · program services $37,385,839 · management and general $6,597,501

  • 8 · Pension plan contributions

    total $828,059 · program services $703,850 · management and general $124,209

  • 9 · Other employee benefits

    total $7,168,467 · program services $6,093,197 · management and general $1,075,270

  • 10 · Payroll taxes

    total $3,102,063 · program services $2,636,754 · management and general $465,309

  • 11a · Fees: management

    total $42,222 · management and general $42,222

  • 11b · Fees: legal

    total $80,322 · management and general $80,322

  • 11c · Fees: accounting

    total $109,855 · management and general $109,855

  • 11g · Fees: other

    total $4,527,193 · program services $2,467,752 · management and general $2,059,441

  • 12 · Advertising and promotion

    total $275,421 · management and general $275,421

  • 13 · Office expenses

    total $443,640 · management and general $443,640

  • 16 · Occupancy

    total $1,179,414 · program services $1,179,414

  • 17 · Travel

    total $107,156 · management and general $107,156

  • 20 · Interest

    total $1,058,903 · program services $804,766 · management and general $254,137

  • 22 · Depreciation, depletion and amortization

    total $4,109,002 · program services $4,109,002

  • 23 · Insurance

    total $1,239,500 · management and general $1,239,500

  • 24a · Other expenses: UNRELATED BUSINESS INCO

    total $1,002 · management and general $1,002

  • 24b · Other expenses: SUPPLIES

    total $15,600,869 · program services $14,664,817 · management and general $936,052

  • 24c · Other expenses: EMPLOYEE MEDICAL SERVIC

    total $4,185,582 · program services $4,185,582

  • 24d · Other expenses: PROVIDER TAX

    total $2,386,652 · program services $2,386,652

  • 24e · All other expenses

    total $1,723,514 · program services $646,385 · management and general $1,077,129

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,869,052 · end of year $19,789,971

  • 2 · Savings and temporary cash investments

    beginning of year $19,952,229 · end of year $19,194,978

  • 4 · Accounts receivable

    beginning of year $10,312,868 · end of year $9,466,934

  • 7 · Other notes and loans receivable

    beginning of year $5,453,075 · end of year $5,866,422

  • 8 · Inventories for sale or use

    beginning of year $873,578 · end of year $946,603

  • 9 · Prepaid expenses and deferred charges

    beginning of year $330,717 · end of year $413,841

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

    $111,667,341

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

    $64,898,903

  • 10c · Land, buildings and equipment, net

    beginning of year $47,616,214 · end of year $46,768,438

  • 11 · Investments: publicly traded securities

    beginning of year $5,963,540 · end of year $8,374,191

  • 12 · Investments: other securities

    beginning of year $4,724,212 · end of year $4,786,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,468,957 · end of year $3,835,778

  • 19 · Deferred revenue

    beginning of year $540,698 · end of year $537,142

  • 20 · Tax-exempt bond liabilities

    beginning of year $3,219,630 · end of year $2,732,598

  • 23 · Secured mortgages and notes payable

    beginning of year $18,572,558 · end of year $17,701,538

  • 25 · Other liabilities

    beginning of year $347,645 · end of year $279,361

  • 27 · Net assets without donor restrictions

    beginning of year $85,530,547 · end of year $90,121,747

  • 28 · Net assets with donor restrictions

    beginning of year $415,450 · end of year $399,714

Mission and programs · 2024

Mission

ROCKCASTLE HOSPITAL IS ORGANIZED TO PROVIDE MEDICAL CARE TO MEMBERS OF ITS COMMUNITY. THE HOSPITAL HAS A POLICY OF ACCEPTING ALL PATIENTS WITHIN ITS PRIMARY SERVICE AREA REGARDLESS OF ABILITY TO PAY. MISSION: ROCKCASTLE HOSPITAL AND RESPIRATORY CARE CENTER IS A FAMILY-ORIENTED TEAM OF HEALTHCARE PROFESSIONALS DEDICATED TO DELIVERING THE HIGHEST QUALITY OF CARE TO THOSE WE SERVE.VISION: ROCKCASTLE HOSPITAL AND RESPIRATORY CARE CENTER'S VISION IS TO BE THE HOSPITAL OF CHOICE FOR HEALTHCARE IN ROCKCASTLE COUNTY AND SURROUNDING AREAS AND TO BE THE FACILITY OF CHOICE NATIONWIDE IN VENTILATOR CARE. VALUES: OUR WORK WILL BE GUIDED BY OUR COMMITMENT TO QUALITY OF CARE, PATIENT SAFETY, SERVICE EXCELLENCE, CLEANLINESS, AND THE HEALTH OF OUR COMMUNITY.

Activities or mission (Part I)

ROCKCASTLE HOSPITAL IS ORGANIZED TO PROVIDE MEDICAL CARE TO MEMBERS OF ITS COMMUNITY.

  • THE HOSPITAL PROVIDES HEALTH CARE SERVICES TO MEMBERS OF ITS COMMUNITY. THE HOSPITAL MAINTAINS A POLICY OF ACCEPTING ALL PATIENTS WITHIN ITS PRIMARY SERVICE AREA REGARDLESS OF ABILITY TO PAY.

    Expenses $78,026,117 · Grants $3,000 · Revenue $94,614,650

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joseph E Lambert

    CHAIR

    Total calculated
    $30,240
    From this org
    $30,000
    From related orgs
    $0
    Other
    $240
    Hours/week
    7

  • Bige Towery Jr

    SECRETARY/TREASURER

    Total calculated
    $30,240
    From this org
    $30,000
    From related orgs
    $0
    Other
    $240
    Hours/week
    7

  • Debra H Lambert

    MEMBER

    Total calculated
    $30,240
    From this org
    $30,000
    From related orgs
    $0
    Other
    $240
    Hours/week
    7

  • Jeffery T Burdette

    MEMBER

    Total calculated
    $30,240
    From this org
    $30,000
    From related orgs
    $0
    Other
    $240
    Hours/week
    7

  • Stephen A Estes

    CEO

    Total calculated
    $434,561
    From this org
    $419,090
    From related orgs
    $0
    Other
    $15,471
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $419,090
    Bonus
    $0
    Other
    $0
    Deferred
    $9,291
    Nontaxable benefits
    $6,180
    Filer's total
    $434,561

  • Christopher Nicholas Bastin

    CFO

    Total calculated
    $228,351
    From this org
    $222,407
    From related orgs
    $0
    Other
    $5,944
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,407
    Bonus
    $0
    Other
    $0
    Deferred
    $5,772
    Nontaxable benefits
    $172
    Filer's total
    $228,351

  • Karen B Saylor MD

    PHYSICIAN

    Total calculated
    $572,330
    From this org
    $560,000
    From related orgs
    $0
    Other
    $12,330
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $560,000
    Bonus
    $0
    Other
    $0
    Deferred
    $10,350
    Nontaxable benefits
    $1,980
    Filer's total
    $572,330

  • David S Bullock MD

    PHYSICIAN

    Total calculated
    $570,800
    From this org
    $560,000
    From related orgs
    $0
    Other
    $10,800
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $560,000
    Bonus
    $0
    Other
    $0
    Deferred
    $10,350
    Nontaxable benefits
    $450
    Filer's total
    $570,800

  • Michael Kevin Rowe MD

    PHYSICIAN

    Total calculated
    $551,040
    From this org
    $540,000
    From related orgs
    $0
    Other
    $11,040
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $540,000
    Bonus
    $0
    Other
    $0
    Deferred
    $10,350
    Nontaxable benefits
    $690
    Filer's total
    $551,040

  • William Bakhos MD

    PHYSICIAN

    Total calculated
    $477,800
    From this org
    $467,000
    From related orgs
    $0
    Other
    $10,800
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $467,000
    Bonus
    $0
    Other
    $0
    Deferred
    $10,350
    Nontaxable benefits
    $450
    Filer's total
    $477,800

  • Justin Williams MD

    PHYSICIAN

    Total calculated
    $445,265
    From this org
    $434,615
    From related orgs
    $0
    Other
    $10,650
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $434,615
    Bonus
    $0
    Other
    $0
    Deferred
    $10,350
    Nontaxable benefits
    $300
    Filer's total
    $445,265

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

No itemized grants to organizations on this return.

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.

Related corporations and trusts

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

  • ROCKCASTLE VENTURES INC

    C · MEDICAL CLINIC · KY · 100% owned · share of income $1,027,862 · share of assets $2,530,187 · controlled entity

    Directly controlled by ROCKCASTLE HOSPITAL & RESPIRATORY CARE CENTER INC

Provenance

Return type
form_990
Tax year
2024
Filed
15 September 2026
IRS schema version
2024v5.5
Source object
202632589349301258

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