2024-08-05T15:37:15-05:00 2023-09-30 991856619 GRANT THORNTON ADVISORS LLC 53 STATE STREET SUITE 1600 BOSTON MA 02109 990 2022-10-01 042709501 STURDY HEALTH INC STUR 5082225200 211 PARK STREET PO BOX 2963 ATTLEBORO MA 02703 AMY PFEFFER CFO/TREASURER 5082225200 2024-08-05 1 0 ERIN COUTURE P01390592 6177237900 2022 2024-08-08 14:25:15Z AIMEE B BREWER 211 PARK STREET PO BOX 2963 ATTLEBORO MA 02703 79473070 0 X WWW.STURDYHEALTH.ORG X 1980 MA TO EXPAND AND IMPROVE THE AVAILABILITY OF QUALITY MEDICAL CARE IN THE SMH SERVICE AREA. 6 3 588 5 0 0 16183956 18445929 54793441 60429680 0 0 416724 597461 71394121 79473070 0 46767 0 0 55621611 62223962 0 0 0 17094034 18950866 72715645 81221595 -1321524 -1748525 19008900 16526068 12859472 10376640 6149428 6149428 STURDY HEALTH, INC.'S PRIMARY PURPOSE IS TO EXPAND AND IMPROVE THE AVAILABILITY OF QUALITY MEDICAL CARE IN THE STURDY MEMORIAL HOSPITAL SERVICE AREA. 0 0 69318850 46767 61027141 STURDY HEALTH INC.'S PURPOSE IS TO RENDER MEDICAL SERVICES AND PROVIDE HEALTH EDUCATION TO THE COMMUNITY WITHIN THE STURDY MEMORIAL HOSPITAL SERVICE AREA. DURING FISCAL 2023, STURDY HEALTH INC. OPERATED TWENTY ONE GROUP PRACTICES AND ONE URGENT CARE CENTER IN ATTLEBORO, NORTH ATTLEBORO, REHOBOTH-SEEKONK, NORTON, AND PLAINVILLE. 69318850 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 1 X 40 0 1 588 1 0 0 0 0 0 0 0 0 0 0 0 X 6 3 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X AMY PFEFFER 5082368150 211 PARK STREET PO BOX 2963 ATTLEBORO MA 027030963 AIMEE BREWER EXECUTIVE DIRECTOR/CLERK 9.00 39.00 X X 0 889997 66351 STEVEN BENSSON MD DIRECTOR & PHYSICIAN 42.00 0.00 X 371371 0 11518 RALPH SCHLENKER DIRECTOR 2.00 3.00 X 0 0 0 JOHN KORONA DIRECTOR 2.00 3.00 X 0 0 0 MICHAEL THURSBY DO PRESIDENT 2.00 0.00 X X 0 0 0 ASMA LATIF MD DIRECTOR 45.00 0.00 X 319850 0 21266 AMY PFEFFER CFO/TREASURER 5.00 40.00 X 0 640224 24478 WAYNE GIETZ COO 25.00 20.00 X 0 373629 10065 THOMAS ROODHOUSE MD PHYSICIAN 40.00 0.00 X 659807 0 25113 RALPH PHILOSOPHE MD PHYSICIAN 40.00 0.00 X 647837 0 25648 RICHARD STATMAN MD PHYSICIAN 40.00 0.00 X 666042 0 25672 NITHIN KARANTH MD PHYSICIAN 40.00 0.00 X 802669 0 2136 RAYMOND PETIT MD PHYSICIAN 40.00 0.00 X 651323 0 2136 JOSEPH CASEY FORMER EXECUTIVE DIR/CLERK 0.00 0.00 X 0 210000 0 BLAIR BISHER FORMER COO 0.00 0.00 X 0 261410 9486 4118899 2375260 223869 123 1 1 0 WEATHERBY LOCUMS INC PO BOX 972633 DALLAS TX 75397 CONTRACTED PHYSICIAN SERVICES 466272 BROWN UROLOGY INCORPORATED 195 COLLYER STREET SUITE 201 PROVIDENCE RI 02904 CONTRACTED PHYSICIAN SERVICES 428386 REMEDI HEALTH SOLUTIONS 90 LAKE STERLING GATE DRIVE SPRING TX 77379 CONTRACT LABOR 310935 ALL STAR RECRUITING LOCUMS LLC 800 FARIWAY DR DEERFIELD BEACH FL 33441 CONTRACTED PHYSICIAN SERVICES 176309 PROFESSIONAL OFFICE SERVICES INCORPORATE PO BOX 450 WATERLOO IA 507040450 PURCHASED SERVICES 153496 8 18445929 18445929 PATIENT SERVICES 621110 56735529 56735529 INCENTIVE PAYMENTS 900099 2393972 2393972 OTHER PATIENT SERVICES 621110 1300179 1300179 60429680 67204 0 67204 67204 67204 PATIENT CARE MANAGEMENT FEES 900099 363366 363366 REBATES 900099 153059 153059 13832 13832 530257 79473070 61027141 0 0 46767 46767 1205372 1205372 50799220 42094591 8704629 1574268 1310764 263504 5588071 4652729 935342 3057031 2545339 511692 1284649 1021845 262804 14002 14002 699641 587698 111943 2302583 1934170 368413 3823995 3212156 611839 34095 28640 5455 173176 145468 27708 533838 448424 85414 1727029 1727029 MEDICAL EXPENSES 2842179 2842179 PURCHASED MEDICAL SVCS. 2498497 2498497 BAD DEBT 2356933 2356933 MAINTENANCE & REPAIRS 507666 507666 152583 152583 81221595 69318850 11902745 0 1631 1281 677539 374552 4735134 4452738 411232 334003 3059698 1847879 6860330 5187583 1907341 1672747 8216325 7842868 19008900 16526068 5194978 6388186 24433 64562 7640061 3923892 12859472 10376640 X 6149428 6149428 6149428 6149428 19008900 16526068 X -1748525 1748525 X 0 1 X 1 0 X X 1 STURDY MEMORIAL HOSPITAL INC 042768252 3 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 4500 4500 1912305 1378235 534070 253895 141828 112067 4619289 3633640 985649 70341 33880 36461 1672747 INSURANCE RECOVERY RECEIVABLE 3745000 DUE FROM AFFILIATES/OTHERS 3417690 OPERATING LEASE RIGHT OF USE 615616 MEDICAL STAFF FUND ACCOUNT 62682 ESCROW DEPOSIT 1880 7842868 INSURANCE CLAIMS - LONG TERM 3745000 OPERATING LEASE OBLIGATIONS 178892 3923892 X PART IV, LINE 2B: ESCROW AND CUSTODIAL ARRANGEMENTS STURDY HEALTH, INC. CARRIES THE MEDICAL STAFF FUND ON ITS' BALANCE SHEET AS DISCRETION OVER THE USE OF FUNDS REMAINS WITH THE MEDICAL STAFF. AMOUNTS ARE CLASSIFIED AS OTHER CURRENT ASSETS AND ESCROW LIABILITIES. PART X, LINE 2: ASC 740 THE FOUNDATION AND ALL OF ITS AFFILIATES ARE NOT-FOR-PROFIT ORGANIZATIONS AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED (THE CODE), AND ARE GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE FOUNDATION IS REQUIRED TO ASSESS UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE ARE NO SUCH POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. 1 ATTLEBORO HIGH SCHOOL CITY OF ATTLEBORO 77 PARK STREET ATTLEBORO MA 02703 046001378 115 46667 0 SEE PART I, LINE 2 NARRATIVE. 1 0 PART I, LINE 2: THE PURPOSE OF GRANT TO ATTLEBORO HIGH SCHOOL, CITY OF ATTLEBORO, IS TO SUPPORT THE EFFORTS OF ATTLEBORO PUBLIC SCHOOLS TO OFFER HEALTHCARE SERVICES TO THOSE PARTICIPATING IN ATHLETIC ACTIVIES AT THE ATTLEBORO HIGH SCHOOL BY PROVIDING A COMMUNITY BENEFIT GRANT TO SUPPORT THE SCHOOL'S EFFORTS TO RECRUIT, HIRE, COMPENSATE, AND SUPPORT AN ATHLETIC TRAINER TO BE CONTRACTED BY ATTLEBORO HIGH SCHOOL. THIS GRANT HAS BEEN ESTABLISHED THROUGH A WRITTEN CONTRACT. STURDY HEALTH, INC. REQUESTS SPECIFIC DOCUMENTATION AT THE END OF THE GRANT YEAR TO SUBSTANTIATE THAT THE FUNDS WERE SPENT IN ACCORDANCE WITH THE GRANT. 0 1 0 0 0 0 0 1 0 AIMEE BREWER EXECUTIVE DIRECTOR/CLERK 0 683578 0 205500 0 919 0 42085 0 24266 0 956348 0 0 NITHIN KARANTH MD PHYSICIAN 708946 0 93183 0 540 0 0 0 2136 0 804805 0 0 0 RICHARD STATMAN MD PHYSICIAN 643012 0 20708 0 2322 0 0 0 25672 0 691714 0 0 0 THOMAS ROODHOUSE MD PHYSICIAN 467735 0 191345 0 727 0 0 0 25113 0 684920 0 0 0 RALPH PHILOSOPHE MD PHYSICIAN 553845 0 90428 0 3564 0 0 0 25648 0 673485 0 0 0 AMY PFEFFER CFO/TREASURER 0 406862 0 78402 0 154960 0 0 0 24478 0 664702 0 0 RAYMOND PETIT MD PHYSICIAN 643757 0 708 0 6858 0 0 0 2136 0 653459 0 0 0 WAYNE GIETZ COO 0 227795 0 95537 0 50297 0 0 0 10065 0 383694 0 0 STEVEN BENSSON MD DIRECTOR & PHYSICIAN 310720 0 58624 0 2027 0 0 0 11518 0 382889 0 0 0 ASMA LATIF MD DIRECTOR 272683 0 46924 0 243 0 0 0 21266 0 341116 0 0 0 BLAIR BISHER FORMER COO 0 128952 0 0 0 132458 0 409 0 9077 0 270896 0 0 JOSEPH CASEY FORMER EXECUTIVE DIR/CLERK 0 0 0 210000 0 0 0 0 0 0 0 210000 0 0 PART I, LINE 3 COMPENSATION OF TOP MANAGEMENT OFFICIAL THE CEO/EXECUTIVE DIRECTOR IS COMPENSATED ENTIRELY THROUGH STURDY MEMORIAL HOSPITAL, INC. THE HOSPITAL USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANTS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE EXECUTIVE COMMITTEE TO ESTABLISH THE COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR. PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN STURDY MEMORIAL HOSPITAL PROVIDES A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN TO CERTAIN EXECUTIVES. SUPPLEMENTAL RETIREMENT CONTRIBUTIONS WERE MADE THROUGH NON-QUALIFIED RETIREMENT PLANS FOR QUALIFIED EMPLOYEES IN CALENDAR YEAR 2022. THE TOTAL OF NON-QUALIFIED RETIREMENT CONTRIBUTIONS IN 2022 ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). AMY PFEFFER ($154,033) PARTICIPATED IN THE PLAN IN 2022. PART I, LINE 7 NON-FIXED PAYMENTS COMPENSATION PACKAGES FOR THE CEO AND SENIOR MANAGEMENT INCLUDE OPPORTUNITIES TO EARN INCENTIVE COMPENSATION BASED ON A COMBINATION OF MEETING AND EXCEEDING PREDETERMINED GOALS. THE INCENTIVE COMPENSATION IS SUBJECT TO REVIEW AND APPROVAL BY THE COMPENSATION COMMITTEE AND HAS BEEN REPORTED ON SCHEDULE J, PART II, COLUMN B (II). PART II, COLUMN (C): DEFERRED COMPENSATION THIS COLUMN INCLUDES BOTH IRC 403(B) EMPLOYER CONTRIBUTIONS AND THE ACCRUAL OF BENEFITS RELATED THE HOSPITAL'S DEFINED BENEFIT PLAN.FOR CALENDAR YEAR 2022, THE ACCRUAL CALCULATION, COMPLETED BY A THIRD PARTY, RESULTED IN A DECREASE IN ACCRUAL VALUE FOR CERTAIN LISTED INDIVIDUALS.FOR THESE INDIVIDUALS, THE ORGANIZATION INCLUDED THE DECREASE IN ACTUARIAL VALUE AS AN OFFSET OF THE 403(B) CONTRIBUTION BUT LIMITED THE REPORTING TO ZERO DOLLARS.THE FULL DECREASE IN THE ACTUARIAL VALUE IS INCLUDED BELOW: NITHIN KARANTH, MD - $(92,270) RICHARD STATMAN, MD - $(80,828) THOMAS ROODHOUSE, MD - $(79,304) RALPH PHILOSOPHE, MD - $(217,285) AMY PFEFFER - $(418,071) RAYMOND PETIT, MD - $(244,150) STEVEN BENSSON, MD - $(249,609) ASMA LATIF, MD - $(86,078) JOSEPH CASEY - $(381,261) STEVEN BENSSON MD LANDLORD 115801 BLDG. RENT 0 JEAN SIDDALL-BENSSON MD EMPLOYEE 227984 COMP. 0 BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS SCHEDULE L, PART IVLINE 1 - STEVEN BENSSON M.D., A MEMBER OF THE BOARD OF DIRECTORS, IS AN EMPLOYEE AT STURDY HEALTH, INC. LEASES PROPERTY TO STURDY HEALTH, INC. THE RENTAL AMOUNTS ARE REVIEWED AND COMPARED WITH THE RENTS PAID TO OTHER COMPARABLE, INDEPENDENT MEDICAL-USE PROPERTIES.LINE 2 - JEAN SIDDELL BENSSON, M.D., IS THE SPOUSE OF A BOARD MEMBER. SHE IS ALSO EMPLOYED BY STURDY HEALTH, INC. AS A PHYSICIAN. HER COMPENSATION IS DETERMINED BASED ON HER PRODUCTIVITY, AND IN COMPARISON, TO MGMA BENCHMARKS. HER COMPENSATION IS APPROVED BY THE COMPENSATION REVIEW COMMITTEE OF THE BOARD OF DIRECTORS OF STURDY HEALTH, INC.. HER SPOUSE IS NOT A MEMBER OF THE COMPENSATION REVIEW COMMITTEE. FORM 990, PART V, LINE 2A: EMPLOYEES REPORTED ON FORM W-3 STURDY MEMORIAL HOSPITAL IS THE COMMON PAYMASTER FOR STURDY HEALTH, INC. FORM W-3 IS FILED UNDER STURDY MEMORIAL HOSPITAL'S EMPLOYEE IDENTIFICATION NUMBER, THEREFORE STURDY HEALTH, INC. DOES NOT FILE A W-3. THE TOTAL NUMBER OF STURDY HEALTH, INC. EMPLOYEES IS 588, WHICH IS LISTED ON LINE 2. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS STURDY HEALTH FOUNDATION, INC. (F/K/A STURDY MEMORIAL FOUNDATION, INC.), A MASSACHUSETTS CHARITABLE CORPORATION, ACTING THROUGH ITS BOARD OF DIRECTORS, IS THE SOLE MEMBER OF STURDY HEALTH, INC. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF STOCKHOLDERS WHO MAY ELECT MEMBERS OF THE GOVERNING BODY THE TRUSTEES SHALL BE ELECTED BY THE MEMBERS AT THE ANNUAL MEETING OF THE CORPORATION. THE TERM OF OFFICE FOR EACH TRUSTEE SHALL BE ONE (1) YEAR. ANY VACANCY CAUSED BY RESIGNATION OR REMOVAL OF A TRUSTEE SHALL BE FILLED BY THE MEMBER. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS SUBJECT TO APPROVAL ALL MATTERS INVOLVING REAL PROPERTY, INCLUDING WITHOUT NECESSARY LIMITATION, SALES, LEASES, AND PURCHASES, SHALL FIRST REQUIRE APPROVAL OF THE MEMBER ACTING THROUGH THE BOARD OF DIRECTORS OF STURDY HEALTH FOUNDATION, INC. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FORM 990 IS PREPARED BY STURDY MEMORIAL'S TAX PROVIDERS, GRANT THORNTON, USING INFORMATION PROVIDED BY MANAGEMENT UPON COMPLETION OF THE ANNUAL INDEPENDENT AUDIT. THE INFORMATION PROVIDED IS THE RESPONSIBILITY OF THE CFO AND THE STURDY FISCAL SERVICES DEPARTMENT. THE RETURN IS REVIEWED BY GRANT THORNTON, THE CONTROLLER AND CFO. PRIOR TO FILING THE FORM 990 WITH THE INTERNAL REVENUE SERVICE, THE COMPLETE FORM AND ALL SCHEDULES ARE PROVIDED TO EVERY BOARD MEMBER AND ANY QUESTIONS ARE ANSWERED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING AND ENFORCEMENT STURDY HEALTH, INC. IS AN AFFILIATE OF STURDY MEMORIAL HOSPITAL, INC. AND FOLLOWS THE HOSPITAL'S CONFLICT OF INTEREST POLICY. ALL LEADERSHIP AND BOARD MEMBERS COMPLETE AND SIGN AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT. THE STATEMENT REQUIRES DISCLOSURE OF ANY OUTSIDE INTERESTS IN ANY BUSINESS, OUTSIDE ACTIVITY, GIFTS, OR ENTERTAINMENT THAT MAY HAVE INFLUENCED THE RESPONDENT. IN ADDITION, THESE SIGNED STATEMENTS ARE REVIEWED BY THE INTEGRITY OFFICER AND ANY POTENTIAL CONFLICTS ARE ADDRESSED AND RESOLVED. THE INTEGRITY OFFICER DISCUSSES DISCLOSED POTENTIAL CONFLICTS WITH EMPLOYEE AND OR OFFICER OF THE CORPORATION, SO THAT THEY UNDERSTAND WHAT CONSTITUTES AN INAPPROPRIATE BUSINESS ACTIVITY. GIFTS THAT CREATE A CONFLICT OF INTEREST MUST BE RETURNED. INDIVIDUALS WITH DOCUMENTED CONFLICTS MUST ABSTAIN FROM ANY DECISION MAKING SPECIFIC TO THE IDENTIFIED AREA. AN ANNUAL REPORT IS PREPARED AND PROVIDED TO THE HOSPITAL'S PRESIDENT AND CEO AS WELL AS BOARD OF MANAGERS. THIS COMPREHENSIVE REPORT INCLUDES ALL INTEGRITY COMPLIANCE ISSUES AS WELL AS ANY NEWLY IDENTIFIED CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION STURDY HEALTH, INC.'S EXECUTIVE DIRECTOR AND OFFICERS ARE STURDY MEMORIAL HOSPITAL EMPLOYEES. THE CORPORATION'S SOLE MEMBER, STURDY HEALTH FOUNDATION, HAS AN EXECUTIVE COMMITTEE THAT MAKES COMPENSATION DECISIONS FOR THE HOSPITAL'S CEO (STURDY HEALTH DIRECTOR) AND OTHER SENIOR MANAGERS. COMPENSATION DECISIONS FOR THE ORGANIZATION'S EXECUTIVE DIRECTORS AND OFFICERS ARE MADE THROUGH THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE CONSIST SOLELY OF MEMBERS WHO DO NOT HAVE CONFLICT OF INTEREST WITH REGARDS TO COMPENSATION MATTERS. THE BOARD UTILIZES AN INDEPENDENT OUTSIDE CONSULTANT TO DETERMINE EXECUTIVE COMPENSATION. THE CONSULTANT PRESENTS NATIONAL AND REGIONAL COMPARABILITY DATA FOR SIMILAR ORGANIZATIONS. THE DATA INCLUDES COMPREHENSIVE SALARY AND BENEFITS INFORMATION FOR THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES INCLUDING COMPARISON OF BASE PAY, INCENTIVE PAY, BENEFITS, AND TOTAL COMPENSATION. THE EXECUTIVE COMMITTEE REVIEWS THE COMPARATIVE DATA FOR THE EXECUTIVE DIRECTOR AND TREASURER (HOSPITAL CFO) AND VOTES TO APPROVE THEIR COMPENSATION. THE CEO USES COMPARATIVE MARKET DATA TO DETERMINE PROPOSED BASE PAY COMPENSATION INCREASES AND POTENTIAL INCENTIVE PAY FOR ALL OTHER SENIOR MANAGERS AND PRESENTS THIS TO THE EXECUTIVE COMMITTEE FOR THEIR CONSIDERATION. THE EXECUTIVE COMMITTEE REVIEWS ALL RELEVANT INFORMATION AND VOTES TO ACCEPT THE RECOMMENDATIONS OF THE CEO FOR SENIOR MANAGER PAY. ALL DATA PRESENTED, AS WELL AS COMPENSATION DELIBERATIONS AND VOTES, ARE DOCUMENTED IN THE EXECUTIVE COMMITTEE MINUTES. THE MOST RECENT COMPENSATION STUDY WAS PERFORMED IN SEPTEMBER OF 2022. FORM 990, PART VI, SECTION C, LINE 19 HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC STURDY HEALTH, INC. MAKES AVAILABLE COPIES OF ITS BY-LAWS, THE CONFLICT OF INTEREST POLICY OF STURDY MEMORIAL HOSPITAL, INC. AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON SALE OF CAPITAL ASSETS -227. EQUITY TRANSFER FROM AFFILIATE 1,744,686. RESTRICTED CONTRIBUTION RECEIVED AND EXPENDED FOR OPERATIONS 4,066. IMPACT OF THE COVID-19 PANDEMIC: IN MARCH 2020, THE WORLD HEALTH ORGANIZATION DECLARED COVID-19, THE DISEASE CAUSED BY THE NOVEL CORONAVIRUS, A PANDEMIC, WHICH STARTED TO AND CONTINUES TO SPREAD THROUGHOUT THE UNITED STATES OF AMERICA. AS A RESULT OF THE COVID-19 PANDEMIC, STURDY HEALTH, INC. EXPERIENCED A DECLINE IN PATIENT VISITS, ADMISSIONS, AND MEDICAL PROCEDURES PERFORMED. ELECTIVE MEDICAL PROCEDURES WERE SUSPENDED BY STATE GOVERNMENT BEGINNING IN MID-MARCH THROUGH MAY 2020, CONTRIBUTING TO A SIGNIFICANT DECLINE IN PATIENT SERVICE REVENUE DUE TO COVID-19 WHEN COMPARED TO HISTORIC AND FORECASTED RESULTS FOR THAT PERIOD. ADDITIONALLY, IN RESPONSE TO THE PANDEMIC, STURDY HEALTH, INC. INCURRED ADDITIONAL COSTS FOR TESTING, PERSONAL PROTECTIVE EQUIPMENT, THIRD-PARTY CONTRACT SERVICES AND OTHER OPERATING COSTS ASSOCIATED WITH ENSURING EMPLOYEE AND PATIENT SAFETY WHILE OPERATING DURING A PANDEMIC. STURDY HEALTH, INC. CONTINUES TO SEE INCREASES IN PATIENT VISITS AND MEDICAL PROCEDURES. MANAGEMENT IS ACTIVELY MONITORING OPERATING REVENUES AND EXPENSES, HOWEVER, BASED ON THE UNCERTAINTIES OF COVID-19, IT IS UNABLE TO DETERMINE IF IT WILL HAVE A MATERIAL IMPACT ON ITS OPERATIONS FOR THE YEAR ENDING SEPTEMBER 30, 2023. STURDY MEMORIAL HOSPITAL INC 211 PARK STREET PO BOX 2963 ATTLEBORO MA 02703 042768252 HOSPITAL MA 501(C)(3) LINE 3 SHF 0 STURDY HEALTH FOUNDATION INC 211 PARK STREET PO BOX 2963 ATTLEBORO MA 02703 042103631 DEVELOPMENT MA 501(C)(3) LINE 12B, II N/A 0 EMORY STREET RADIOLOGY ASSOCIATES INC 211 PARK STREET PO BOX 2963 ATTLEBORO MA 02703 043137282 RADIOLOGY MA 501(C)(3) LINE 12B, II SHF 0 0 0 1 0 0 0 0 0 0 0 1 1 1 1 1 1 1 0 1 RELATED TAX-EXEMPT ORGANIZATIONS SCHEDULE R, PART II STURDY MEMORIAL HOSPITAL, INC.'S PRIMARY ACTIVITIES: PROVIDE SAFE, HIGH QUALITY, COST-EFFICIENT HEALTH CARE, AND THE BROADEST RANGE OF DIAGNOSTIC, INPATIENT, AND OUTPATIENT AND EMERGENCY SERVICES FOR A COMMUNITY HOSPITAL. STURDY HEALTH FOUNDATION, INC.'S PRIMARY ACTIVITIES: ENGAGING IN PHILANTHROPHIC ACTIVITIES TO SUPPORT THE MISSION AND PURPOSE OF STURDY MEMORIAL HOSPITAL, INC.