By Mathew Keller RN, JD
Regulatory and Policy Nursing Specialist
In a recent communication to its employees, HCMC claims that this space’s use of HCMC’s Form 990 financial disclosures to the IRS are misleading. Why? The Form 990 “includes as income $20 million in county capital funding that is restricted for maintaining our county-owned facilities and one-time capital funding for the new building.”
In order to get a better picture of HCMC’s finances, HCMC asks the reader to discount from the County hospital’s finances the money the County hospital receives from the County for maintenance of “old” buildings and construction of a “new” building.
… Read more about: Fact Check: Does Money from the County Count as Revenue? »