Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $44,888

• 1f · All other contributions, gifts and grants

  $13,621

• 2a · Program service revenue: PATIENT SERVICE REVENUE

  total $90,417,367 · related or exempt $90,417,367

• 2b · Program service revenue: PHARMACY REVENUE

  total $3,531,822 · related or exempt $3,531,822

• 3 · Investment income

  total $530,825 · excluded $530,825

• 6a · Gross rents

  real property $58,887

• 6b · Less rental expenses

  real property $229,264

• 6c · Rental income or loss

  real property -$170,377

• 6d · Net rental income or loss

  total -$170,377 · excluded -$170,377

• 7a · Gross sales of assets other than inventory

  securities $472,801

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

  securities $0 · other assets $16,536

• 7c · Gain or loss

  securities $472,801 · other assets -$16,536

• 7d · Net gain or loss

  total $456,265 · excluded $456,265

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $1,635,334 · excluded $1,635,334

• 11b · Other revenue: CAFETERIA REVENUE

  total $182,440 · excluded $182,440

• 11c · Other revenue: FITNESS REVENUE

  total $10,734 · excluded $10,734

• 11d · All other revenue

  total $4,815 · excluded $4,815

• 11e · Other revenue, total

  $1,833,323

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $10,434 · program services $10,434

• 7 · Other salaries and wages

  total $33,422,608 · program services $28,492,765 · management and general $4,929,843

• 8 · Pension plan contributions

  total $1,162,083 · program services $1,139,934 · management and general $22,149

• 9 · Other employee benefits

  total $5,923,553 · program services $5,848,501 · management and general $75,052

• 10 · Payroll taxes

  total $2,232,510 · program services $2,192,591 · management and general $39,919

• 11b · Fees: legal

  total $79,243 · management and general $79,243

• 11c · Fees: accounting

  total $148,924 · management and general $148,924

• 11g · Fees: other

  total $16,277,343 · program services $15,023,528 · management and general $1,253,815

• 12 · Advertising and promotion

  total $376,665 · program services $26,006 · management and general $350,659

• 13 · Office expenses

  total $1,800,013 · program services $1,310,135 · management and general $489,878

• 14 · Information technology

  total $1,907,000 · program services $999,098 · management and general $907,902

• 16 · Occupancy

  total $983,166 · program services $979,469 · management and general $3,697

• 17 · Travel

  total $123,437 · program services $82,898 · management and general $40,539

• 19 · Conferences, conventions and meetings

  total $113,070 · program services $67,099 · management and general $45,971

• 20 · Interest

  total $499,954 · program services $491,357 · management and general $8,597

• 22 · Depreciation, depletion and amortization

  total $2,284,170 · program services $2,203,722 · management and general $80,448

• 23 · Insurance

  total $493,443 · program services $413,582 · management and general $79,861

• 24a · Other expenses: MEDICAL SUPPLIES

  total $13,051,077 · program services $13,051,077 · management and general $0

• 24b · Other expenses: BAD DEBT

  total $3,957,669 · program services $3,892,508 · management and general $65,161

• 24c · Other expenses: TAX ASSESSMENT

  total $1,486,833 · program services $1,486,833

• 24d · Other expenses: REPAIRS AND MAINTENANCE

  total $999,973 · program services $951,805 · management and general $48,168

• 24e · All other expenses

  total $429,217 · program services $194,286 · management and general $234,931

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,404,594 · end of year $7,525,215

• 2 · Savings and temporary cash investments

  beginning of year $4,308,938 · end of year $3,094,804

• 4 · Accounts receivable

  beginning of year $15,255,871 · end of year $14,677,485

• 8 · Inventories for sale or use

  beginning of year $638,270 · end of year $1,059,230

• 9 · Prepaid expenses and deferred charges

  beginning of year $414,855 · end of year $353,688

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

  $24,971,501

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

  $9,199,348

• 10c · Land, buildings and equipment, net

  beginning of year $17,674,700 · end of year $15,772,153

• 11 · Investments: publicly traded securities

  beginning of year $4,944,165 · end of year $1,779,938

• 13 · Investments: program-related

  beginning of year $625,707 · end of year $832,688

• 15 · Other assets

  beginning of year $3,809,590 · end of year $9,296,987

• 17 · Accounts payable and accrued expenses

  beginning of year $6,454,376 · end of year $8,693,171

• 19 · Deferred revenue

  beginning of year $11,900 · end of year $309,760

• 25 · Other liabilities

  beginning of year $9,278,842 · end of year $13,221,759

• 27 · Net assets without donor restrictions

  beginning of year $35,331,572 · end of year $32,167,498

The filer's explanations (Part III)

PART I, LINE 3

THE ORGANIZATION'S COMPENSATION IS DETERMINED BY BLUEWATER HEALTHCARE NETWORK DBA ASPIRE RURAL HEALTH, A RELATED ORGANIZATION. THE FOLLOWING WERE USED IN DETERMINING THE COMPENSATION: 1. COMPENSATION SURVEY OR STUDY 2. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE 3. WRITTEN EMPLOYEMENT CONTRACT

Related partnerships

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

• THUMB MRI LLC

  IMAGING · MI

Related corporations and trusts

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

• SELAD CORPORATION

  C · RETAIL PHARMACY · MI