Civic Intelligence

Chespenn Health Services Inc

EIN 23-7354899 • 501(c)3 • Eddystone, PA

Profile

To provide comprehensive primary and preventive care and social services to medically underserved families and individuals regardless of their ability to pay.

1510 CHESTER PIKE Suite 200Eddystone, PA 19022

www.chespenn.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.26x

Higher debt load relative to assets than 59% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

37th percentile

0.13x

Higher debt load relative to revenue than 37% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

30th percentile

-2.0%

Higher net margin than 30% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

67th percentile

$243,556

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

15th percentile

-7.1%

Faster asset growth than 15% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

40th percentile

2.7%

Faster revenue growth than 40% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$7,067,030

Down $536,631 (-7.1%) from 2023

Liabilities

Down

$1,843,413

Down $342,022 (-16%) from 2023

Net Assets

Down

$5,223,617

Down $194,609 (-3.6%) from 2023

Revenue

Up

$14,353,132

Up $380,227 (+2.7%) from 2023

Expenses

Up

$14,638,543

Up $1,118,694 (+8.3%) from 2023

Net Income

Down

-$285,411

Down $738,467 (-163%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2010: $5,087,449Liabilities 2010: $681,182Net Assets 2010: $4,406,2672010Assets 2011: $6,278,918Liabilities 2011: $938,792Net Assets 2011: $5,340,1262011Assets 2012: $6,124,350Liabilities 2012: $777,392Net Assets 2012: $5,346,9582012Assets 2013: $5,381,904Liabilities 2013: $1,354,278Net Assets 2013: $4,027,6262013Assets 2014: $5,214,441Liabilities 2014: $1,639,278Net Assets 2014: $3,575,1632014Assets 2015: $5,700,686Liabilities 2015: $1,419,212Net Assets 2015: $4,281,4742015Assets 2016: $6,292,995Liabilities 2016: $1,456,189Net Assets 2016: $4,836,8062016Assets 2017: $8,229,219Liabilities 2017: $3,053,219Net Assets 2017: $5,176,0002017Assets 2018: $7,872,255Liabilities 2018: $2,149,547Net Assets 2018: $5,722,7082018Assets 2019: $7,923,256Liabilities 2019: $2,345,965Net Assets 2019: $5,577,2912019Assets 2020: $7,912,700Liabilities 2020: $2,960,142Net Assets 2020: $4,952,5582020Assets 2021: $8,301,423Liabilities 2021: $2,490,543Net Assets 2021: $5,810,8802021Assets 2022: $6,797,107Liabilities 2022: $1,855,173Net Assets 2022: $4,941,9342022Assets 2023: $7,603,661Liabilities 2023: $2,185,435Net Assets 2023: $5,418,2262023Assets 2024: $7,067,030Liabilities 2024: $1,843,413Net Assets 2024: $5,223,6172024

Highlighted filing

2024

Assets$7,067,030
Liabilities$1,843,413
Net Assets$5,223,617

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $7,959,6122010Expenses 2011: $8,525,0702011Expenses 2012: $8,735,8882012Expenses 2013: $9,321,3172013Revenue 2014: $9,002,572Expenses 2014: $9,455,033Net Income 2014: -$452,4612014Revenue 2015: $11,304,943Expenses 2015: $10,951,523Net Income 2015: $353,4202015Revenue 2016: $11,742,593Expenses 2016: $11,187,261Net Income 2016: $555,3322016Revenue 2017: $11,231,403Expenses 2017: $10,892,209Net Income 2017: $339,1942017Revenue 2018: $11,976,701Expenses 2018: $11,429,993Net Income 2018: $546,7082018Revenue 2019: $12,269,133Expenses 2019: $12,427,107Net Income 2019: -$157,9742019Revenue 2020: $12,170,371Expenses 2020: $12,831,363Net Income 2020: -$660,9922020Revenue 2021: $13,786,205Expenses 2021: $12,927,883Net Income 2021: $858,3222021Revenue 2022: $12,047,403Expenses 2022: $12,828,601Net Income 2022: -$781,1982022Revenue 2023: $13,972,905Expenses 2023: $13,519,849Net Income 2023: $453,0562023Revenue 2024: $14,353,132Expenses 2024: $14,638,543Net Income 2024: -$285,4112024

Highlighted filing

2024

Revenue$14,353,132
Expenses$14,638,543
Net Income-$285,411

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.07$1.84$5.22$14.4$14.6$0.29
2023Detailed filing. Detailed filing data is available for this year.$7.60$2.19$5.42$14.0$13.5$0.45
2022Detailed filing. Detailed filing data is available for this year.$6.80$1.86$4.94$12.0$12.8$0.78
2021Detailed filing. Detailed filing data is available for this year.$8.30$2.49$5.81$13.8$12.9$0.86
2020Detailed filing. Detailed filing data is available for this year.$7.91$2.96$4.95$12.2$12.8$0.66
2019Detailed filing. Detailed filing data is available for this year.$7.92$2.35$5.58$12.3$12.4$0.16
2018Detailed filing. Detailed filing data is available for this year.$7.87$2.15$5.72$12.0$11.4$0.55
2017Detailed filing. Detailed filing data is available for this year.$8.23$3.05$5.18$11.2$10.9$0.34
2016Detailed filing. Detailed filing data is available for this year.$6.29$1.46$4.84$11.7$11.2$0.56
2015Detailed filing. Detailed filing data is available for this year.$5.70$1.42$4.28$11.3$11.0$0.35
2014Detailed filing. Detailed filing data is available for this year.$5.21$1.64$3.58$9.00$9.46$0.45
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.38$1.35$4.03$9.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.12$0.78$5.35$8.74
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.28$0.94$5.34$8.53
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.09$0.68$4.41$7.96
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 25, 2025
Return Version
2023v6.0
Gross Receipts
$14,370,339
Mission and Program Overview

Mission

Chespenn health services is a network of non-profit, federally qualified health centers that provides comprehensive primary and preventive health care and social services to medically underserved families and individuals on a sliding scale. Chespenn health services strives to meet the unique health needs in its communities in linguistically and culturally competent ways.

To operate three comprehensive health centers located in chester and delaware counties.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,651,237$2,154,601▼ $496,636
Investments in Publicly Traded Securities$1,535,028$1,645,799▲ $110,771
Land, Buildings, and Equipment, Net$1,559,650$1,546,288▼ $13,362
Accounts Receivable$581,558$1,049,344▲ $467,786
Cash and Non-Interest-Bearing Accounts$308,443$304,506▼ $3,937
Prepaid Expenses and Deferred Charges$101,389$76,447▼ $24,942
Pledges and Grants Receivable$198,289$64,233▼ $134,056
Inventories for Sale or Use$1,867$1,290▼ $577
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$7,603,661$7,067,030▼ $536,631
Other Assets Total$666,200$224,522▼ $441,678
Liabilities
Accounts Payable and Accrued Expenses$779,274$962,260▲ $182,986
Mortgage Notes Payable Secured by Investment Property$433,743$416,209▼ $17,534
Deferred Revenue$289,041$241,306▼ $47,735
Other Liabilities$683,377$223,638▼ $459,739
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,185,435$1,843,413▼ $342,022
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,418,226$5,223,617▼ $194,609
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$5,418,226$5,223,617▼ $194,609
Total Liabilities and Net Assets / Fund Balance$7,603,661$7,067,030▼ $536,631

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,094,983$2,553,840$3,648,823
Equipment$350,467$1,441,545$1,792,012
Leasehold Improvements$0$349,794$349,794
Land$100,838-$100,838
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Raquibul Islam MdPhysicianFT$203,958$39,598$243,556
Susan Harris-mcgovern Ms-npmPresident & CEOFT$204,754$27,888$232,642
Kai Turner DoPhysicianFT$182,198$18,965$201,163
Mohamed Rashad DmdDentistFT$154,791$30,284$185,075
Bruce Auden MdPhysicianFT$165,159$10,004$175,163
Nancy Koshetar DdsDentistFT$155,266$19,134$174,400
Daniel a CaplanChief Financial OfficerFT$145,401$26,078$171,479

Board Members and Trustees

NameTitle
Rae RoederPresident - Director
Gwen SmithVice President - Director
Carol AllenDirector
David KeithDirector
Dina Capalongo Do FacpDirector
Jeffrey GreenDirector
Patricia G LewisDirector
Willie Mae WellsDirector
Ziaul HaqueDirector (eff 11/14/2023)
Michael Rosko PhdDirector (eff 12/20/2023)
Mary PowellDirector (eff 2/28/2024)
John a Phillips JrDirector (eff 8/23/2023)
Anthony HallDirector (term 1/22/2024)
Donna LawlerDirector (term 1/22/2024)
Shepard GarnerSecretary - Director
Karen VeselyTreasurer - Director

Highest Paid Contractors

ContractorServicesLocationCompensation
Prospect Health Access NetworkMedicalONE MEDICAL CENTER BOULEVARD, Upland, PA 19013$951,105
Call 4 HealthCall Center2855 SOUTH CONGRESS AVENUE, Delray Beach, FL 33445$400,440
Virtual Officeware Healthcare SolutIt2000 CLIFF MINE RD PARK W TWO ST, Pittsburgh, PA 15275$230,969
Dataprise LLCIt1515 MARKET STREET SUITE 1200, Philadelphia, PA 19102$222,874
Practice Mgmnt Support Services InConsulting300 N MARTINGALE SUITE 150, Schaumburg, IL 60173$218,039
Revenue and Support

Revenue Composition

Contributions and Grants
$5,495,723
Program Service Revenue
$8,791,488
Investment Income
$65,921
Other Revenue
$0
All Other Contributions
$965,976
Change in Net Assets
$-285,411

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,287,211
Revenue Not Reported on Financial Statements
$65,921
Other Revenue Adjustments
$65,921
Total Revenue per Audited Statements
$14,287,211
Total Revenue per Form 990
$14,353,132
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,835,867
Salaries, Compensation, and Employee Benefits$6,802,676
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,815,322$1,557,979-$5,373,301
Fees for Services Other$2,027,722$538,149$0$2,565,871
Information Technology-$833,307-$833,307
Occupancy$426,269$134,214-$560,483
Payroll Taxes$322,388$130,857-$453,245
Current Officers, Directors, Trustees, and Key Employees$288,328$115,793-$404,121
Other Employee Benefits$245,225$87,614-$332,839
Office Expenses$190,135$120,083-$310,218
Pension Plan Contributions$178,738$60,432-$239,170
Depreciation Depletion$155,630--$155,630
Fees for Services Accounting$13,500$114,424-$127,924
Insurance$29,230$52,773-$82,003
Other Expenses$2,306$51,882-$54,188
Advertising-$45,872-$45,872
Travel$11,020$23,511-$34,531
Interest-$25,037-$25,037
Fees for Services Legal-$19,193-$19,193
All Other Expenses$3,721$4,632-$8,353
Fees for Services Lobbying-$2,750-$2,750
Total Functional Expenses$10,442,919$4,195,624$0$14,638,543

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$14,638,543
Total Expenses per Audited Statements$14,638,543
Total Expenses per Form 990$14,638,543
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Current Lease Liab. - Operating$177,206
Non-current Lease Liab. - Operating$46,432
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

CORE FORM, PART VI, SECTION B; QUESTION 11B

This organization's federal Form 990 was provided to each voting member of the organization's governing body, its board of directors, prior to filing with the Internal Revenue Service ("IRS"). As part of the organization's federal Form 990 tax return preparation process the system hired a professional certified public accounting ("CPA") firm with experience and expertise in both healthcare and not-for-profit tax return preparation to prepare the federal Form 990. The CPA firm's tax professionals worked closely with the organization's finance personnel and various other individuals ("internal working group") to obtain the information needed in order to prepare a complete and accurate tax return. The CPA firm prepared a draft federal Form 990 and furnished it to the internal working group for review. The internal working group reviewed the draft federal Form 990 and discussed questions and comments with the CPA firm. Revisions were made to the draft federal Form 990 where necessary and a final draft was furnished by the CPA firm to the internal working group for final review and approval. Following this review, the Form 990 was then provided to the organization's Finance Committee and subsequently made available to each voting member of the organization's governing body prior to filing with the IRS.

CORE FORM, PART VI, SECTION B; QUESTION 12

The organization has a conflict of interest policy which it annually monitors and enforces. The policy mandates that all members of management and the Board of Directors annually sign a conflict of interest policy and disclose any potential or actual conflicts that may exist. All members of the board of directors and management must make full disclosure of any possible conflict of interest through the use of the conflict of interest disclosure form and refrain from voting or participating in decision-making involving any possible conflict of interest. The form is distributed to all board members and employees annually. Completed forms are returned to the President/CEO, who is responsible for monitoring and resolving any conflict of interest that may arise within the organization.

CORE FORM, PART VI, SECTION B; QUESTION 15

Compensation at ChesPenn Health Services, Inc. takes into consideration the compensation paid for other similar positions in the marketplace as well as general performance of the employee and the current financial capacity of the organization. Each year the board of directors conducts a performance review of the organization's President/Chief Executive Officer ("CEO") and determines the CEO's salary. When establishing the CEO's salary, the board relies on two sources. The first source is an annual survey conducted by the National Association of Community Health Centers. The second source is the Federal Form 990 of other comparable community health centers in the region. Both sources of information are used by the organization's board to ensure that the CEO's compensation is consistent with local, state, and national benchmarks. The board's review and approval of the CEO's compensation is conducted on an annual basis and the process is documented in the board minutes. The CEO sets the compensation for certain other members of management, including, but not limited to, those reported on this organization's Form 990. The CEO reviews compensation for these individuals in accordance with job performance and current fair market value salary data.

CORE FORM, PART VI, SECTION C; QUESTION 19

The organization's filed certificate of incorporation and any amendments can be obtained and reviewed through the Commonwealth of Pennsylvania. The organization's conflict of interest policy and questionnaire is available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Chespenn Health Services Inc
EIN
23-7354899
In Care Of
% DANIEL A CAPLAN
Phone
6104853800
Address
1510 CHESTER PIKE Suite 200, EDDYSTONE, PA 19022

Signing Officer

Name
Daniel a Caplan
Title
CFO
Phone
6104853800
Signed
2025-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Harris-mcgovern Ms-npm
Formed
1972
Legal Domicile
Pa
Voting Board Members
14
Independent Board Members
14
Employees
102
Volunteers
14

Preparer

Firm
WithumSmithBrown PC
Address
1835 MARKET STREET SUITE 1710, PHILADELPHIA, PA 19103-2945
Preparer
Scott J Mariani
Phone
2155462140
Supplemental Narrative

Additional Explanations

Core Form, Part III, Statement of Program Service Accomplishments

ChesPenn Health Services, Inc. ("ChesPenn") is a network of non-profit, Federally Qualified Health Centers ("FQHCs") that provide comprehensive primary and preventive health care and social services to medically underserved families and individuals across southeastern Pennsylvania, with locations in Chester, Upper Darby, and Coatesville. FQHCs are local, community-directed non-profit health centers that serve low income, medically underserved communities. Located in areas where care is needed but scarce, FQHCs improve access to care for patients regardless of their insurance status or ability to pay. During the 2024 tax year, ChesPenn provided 31,710 encounters to 13,224 medical patients and 6,973 encounters to 3,810 dental patients across our three sites. 33% of patients were 18 years of age and under while 67% were 19 or older. 79% of our patients have incomes at or below the federal poverty level. ChesPenn provides care to patients who meet certain criteria under its charity care without charge or at amounts less than its established rates. The amounts determined to be charity care are not reported as revenue. During the 2024 tax year, ChesPenn provided charity care of approximately $1,662,000 to patients. Approximately 47% of our patients were African American, 24% White, and 7% Asian, with the remaining were mixed race or undisclosed. ChesPenn employees live our mission - demonstrating compassion, dedication and service. Working as a team to provide our communities with high quality health care. ChesPenn's healthcare team is trained to respond to the health needs of residents of our communities. Our staff includes medical, dental, and behavioral health professionals, social service workers, community health educators, and other dedicated professionals. Mission ------- Our mission is to provide comprehensive primary and preventive care and social services to medically underserved families and individuals regardless of their ability to pay. We strive to meet the unique health needs of the communities we serve in linguistically and culturally competent ways. Vision ------ We envision thriving communities where every person has access to quality, affordable healthcare, and health disparities have been eliminated. Values ------ At ChesPenn, we strive for: - compassion - our first priority is the physical and emotional wellbeing of every person who interacts with ChesPenn. We strive to model compassion, bringing empathy and kindness to every facet of our interaction with co-workers, patients, and the larger communities we serve. - teamwork - ChesPenn values every member of our team and aims to cultivate an environment of inclusion and open communication where all team members support one another in providing outstanding patient care. - integrity - ChesPenn employees hold themselves accountable to the highest standards of honesty, transparency, and ethical conduct. - quality - we are committed to pursuing the highest possible quality patient-centered and trauma-informed care through rigorous evaluation, continual innovation, and attention to patient and employee safety. - inclusion - we embrace diversity and strive to make all feel welcome and comfortable in our organization. Services ======== Medical care ------------ ChesPenn offers a full range of quality primary health care services to children and adults as well as skilled prenatal care. Choosing a primary care provider (PCP) is your first step. Our primary care teams provide personalized, complete care for patients including: Adult primary care: - routine physicals and health screenings - diagnosis and treatment of illnesses - management of chronic conditions such as asthma, diabetes and hypertension - preventive care and cancer screenings -STI/HIV testing and treatment - immunizations - care coordination - integrated behavioral health Pediatric primary care: - well child check ups - newborn care - routine physicals, including sports physicals - diagnosis and management of

Core Form, Part III, Statement of Program Service Accomplishments

Dental care ----------- Healthy teeth and gums give you much more than a pretty smile. Good dental health is critical to your overall health. ChesPenn provides quality primary dental health services at our centers for family health at Coatesville and Eastside. Dental services include: - dental examinations and diagnostic x-rays - education and nutritional guidance to help prevent cavities and gum disease - cleanings - sealant and fluoride varnish application - fillings - periodontal (gum disease) therapies - partial and full dentures Behavioral health care ---------------------- ChesPenn offers behavioral health care to our current patients. Our behavioral health consultants provide short term support for conditions including depression and anxiety and can help patients struggling to manage chronic disease. Patients with more severe diagnoses receive referrals to the appropriate services. Health education outreach ------------------------- ChesPenn staff provides medical and dental health education and screenings in locations across Chester and Delaware counties. Social services --------------- A patient's health is affected by a host of economic and social factors. We provide supportive services that empower residents of the communities we serve to live healthier lives. - information and referral for issues such as housing, employment, food insecurity, domestic violence - smoking cessation one-on-one counseling - health education - PA Medicaid and PA health insurance marketplace enrollment assistance Community outreach ================== The Eat Fresh program (Coatesville patients) -------------------------------------------- In partnership with the Chester County Food Bank, this Coatesville initiative teaches patients how to make healthy food choices and provides fresh produce accompanied by great recipes each week to help prepare healthy meals for themselves and their families. Reach Out and Read ------------------ Early language development is an important aspect of brain development. Encouraging parents to read to their children is an effective way to help children build language skills and promote more interaction between parents and small children. ChesPenn participates in the Reach Out and Read program, which provides books to young children (0 months - 5 yrs.) During their well child visits with a pediatrician or family medicine provider.

CORE FORM, PART XII; QUESTION 2

An independent CPA firm audited the financial statements of ChesPenn Health Services, Inc. for the years ended June 30, 2024 and June 30, 2023; respectively. The independent CPA firm issued an unmodified opinion with respect to the audited financial statements. ChesPenn's Finance Committee has assumed responsibility for the oversight of the audit of the financial statements and the selection of an independent auditor.

CORE FORM, PART XII; QUESTION 3

This organization engaged an independent accounting firm to prepare and issue an audit under the Single Audit Act and OMB Circular A-133.

Form 990 Part IX Line 11G

Description:purchased services total fees:2565871

Financial Statement Notes

SCHEDULE D, PART X; LINE 2

An independent CPA firm audited the financial statements of this organization for the years ended June 30, 2024 and June 30, 2023; respectively. The independent CPA firm issued an unmodified opinion with respect to the audited financial statements. The following footnote is included in the organization's audited financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740): The Corporation accounts for uncertainty in income taxes using a recognition threshold of more-likely-than-not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold is met. Management determined there were no tax uncertainties that met the recognition threshold at June 30, 2024 and 2023.

SCHEDULE D, PART XI; LINE 4B

AMOUNTS INCLUDED ON FORM 990, PART VIII, LINE 12, BUT NOT ON LINE 1: - NON-OPERATING INVESTMENT INCOME - $83,128; AND - REALIZED LOSSES on sale of investments - ($17,207).

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