Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $125,200

• 1f · All other contributions, gifts and grants

  $980,082

• 1g · Noncash contributions included above

  $728,356

• 2a · Program service revenue: Patient Service Revenue

  total $58,967,295 · related or exempt $58,967,295

• 2b · Program service revenue: Pharmacy Revenue

  total $3,085,133 · related or exempt $3,085,133

• 2c · Program service revenue: Assisted and Independent Living

  total $2,227,405 · related or exempt $2,227,405

• 2d · Program service revenue: Investment in Affiliated

  total $270,493 · related or exempt $270,493

• 2f · All other program service revenue

  total $2,075,177 · related or exempt $2,075,177

• 3 · Investment income

  total $426,482 · excluded $426,482

• 6a · Gross rents

  real property $66,289

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $66,289

• 6d · Net rental income or loss

  total $66,289 · excluded $66,289

• 7a · Gross sales of assets other than inventory

  other assets $12,650

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

  other assets $99,141

• 7c · Gain or loss

  other assets -$86,491

• 7d · Net gain or loss

  total -$86,491 · excluded -$86,491

• 10a · Gross sales of inventory

  $67,283

• 10b · Cost of goods sold

  $34,920

• 10c · Net income from sales of inventory

  total $32,363 · excluded $32,363

• 11a · Other revenue: Employee Retention Credit

  total $8,877,960 · excluded $8,877,960

• 11e · Other revenue, total

  $8,877,960

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $10,000 · program services $10,000

• 5 · Compensation of officers, directors and key employees

  total $505,501 · management and general $505,501

• 6 · Compensation of disqualified persons

  total $247,547 · program services $247,547

• 7 · Other salaries and wages

  total $28,225,640 · program services $26,266,013 · management and general $1,959,627

• 8 · Pension plan contributions

  total $1,144,152 · program services $1,057,238 · management and general $86,914

• 9 · Other employee benefits

  total $5,429,197 · program services $4,962,000 · management and general $467,197

• 10 · Payroll taxes

  total $1,842,947 · program services $1,686,709 · management and general $156,238

• 11b · Fees: legal

  total $12,395 · management and general $12,395

• 11c · Fees: accounting

  total $857,492 · management and general $857,492

• 11g · Fees: other

  total $9,645,300 · program services $7,654,594 · management and general $1,990,706

• 12 · Advertising and promotion

  total $210,203 · program services $2,222 · management and general $207,981

• 13 · Office expenses

  total $3,583,288 · program services $1,362,402 · management and general $2,220,886

• 14 · Information technology

  total $522,810 · program services $90,086 · management and general $432,724

• 16 · Occupancy

  total $834,218 · program services $833,064 · management and general $1,154

• 17 · Travel

  total $133,503 · program services $117,255 · management and general $16,248

• 19 · Conferences, conventions and meetings

  total $86,528 · program services $86,528

• 20 · Interest

  total $1,783,699 · program services $1,481,439 · management and general $302,260

• 22 · Depreciation, depletion and amortization

  total $5,867,090 · program services $5,098,206 · management and general $768,884

• 23 · Insurance

  total $397,738 · program services $135,906 · management and general $261,832

• 24a · Other expenses: Medical Supplies

  total $8,343,638 · program services $8,343,638

• 24b · Other expenses: Food

  total $866,615 · program services $859,249 · management and general $7,366

• 24c · Other expenses: Taxes

  total $192,913 · program services $192,738 · management and general $175

• 24e · All other expenses

  total $120,597 · program services $118,538 · management and general $2,059

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $9,281,107 · end of year $8,477,917

• 4 · Accounts receivable

  beginning of year $7,139,515 · end of year $16,740,670

• 8 · Inventories for sale or use

  beginning of year $942,545 · end of year $1,238,655

• 9 · Prepaid expenses and deferred charges

  beginning of year $594,703 · end of year $740,750

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

  $112,918,567

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

  $46,511,436

• 10c · Land, buildings and equipment, net

  beginning of year $70,747,507 · end of year $66,407,131

• 11 · Investments: publicly traded securities

  beginning of year $7,413,477 · end of year $8,382,478

• 12 · Investments: other securities

  beginning of year $4,067,409 · end of year $4,710,390

• 13 · Investments: program-related

  beginning of year $623,970 · end of year $486,893

• 14 · Intangible assets

  beginning of year $20,002 · end of year $9,029

• 15 · Other assets

  beginning of year $3,160,416 · end of year $4,835,661

• 17 · Accounts payable and accrued expenses

  beginning of year $5,686,754 · end of year $6,414,186

• 20 · Tax-exempt bond liabilities

  beginning of year $6,331,807 · end of year $6,002,386

• 23 · Secured mortgages and notes payable

  beginning of year $45,186,709 · end of year $44,591,581

• 25 · Other liabilities

  beginning of year $3,549,051 · end of year $4,974,866

• 27 · Net assets without donor restrictions

  beginning of year $42,306,998 · end of year $48,885,224

• 28 · Net assets with donor restrictions

  beginning of year $929,332 · end of year $1,161,331

The filer's explanations (Part III)

Part I, Line 4b

Lindsay Junk $24,521

Schedule J, Part II:

Cory Nelson, CEO, was compensated through an arrangement with Avera McKennan, 800 E 21st Street, Sioux Falls, SD 57105, through June 30, 2023. Effective July 1, 2023, the CEO became an employee of Sioux Center Health.