Nonprofit · EIN 92-0041488
NORTON SOUND HEALTH CORPORATION
Tax-exempt · NOME, AK 99762
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $285,791,722 | $240,940,513 | $44,851,209 | $605,569,377 | $64,223,330 | $541,346,047 |
| September 30, 2024 | 990 | $248,333,119 | $208,581,638 | $39,751,481 | $560,442,108 | $62,769,550 | $497,672,558 |
| September 30, 2023 | 990 | $246,341,962 | $201,420,551 | $44,921,411 | $514,895,339 | $61,757,075 | $453,138,264 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $133,262,627
- of which government grants
- $133,262,627
- Program service revenue
- $115,658,869
- Investment income
- $14,214,758
- Net rental income
- $1,088,620
- Net gain from sales of assets
- $109,367
- Other revenue
- $22,655,468
Expenses
- Grants and similar amounts paid
- $1,185,368
- Compensation of officers, directors and key employees
- $5,629,113
- Other salaries and wages
- $102,224,735
- Salaries, compensation and benefits (total)
- $135,040,529
- Professional fundraising fees
- $0
- Legal fees
- $773,430
- Accounting fees
- $453,048
- Occupancy
- $8,504,550
- Travel
- $15,162,504
- Depreciation
- $18,058,143
- Program services (functional)
- $226,104,280
- Management and general (functional)
- $14,836,233
Balance sheet and other
- Total assets, start of year
- $560,442,108
- Total assets, end of year
- $605,569,377
- Total liabilities, end of year
- $64,223,330
- Net assets, end of year
- $541,346,047
- Land, buildings and equipment
- $259,996,140
- Publicly traded securities
- $279,568,119
- Net assets without donor restrictions
- $541,346,047
- Gross receipts
- $886,298,239
- Employees
- 974
- Year formed
- 1970
- State of legal domicile
- AK
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK PETERSON | CHIEF MEDICA Officer | 40 | $861,209 | $52,173 |
| ANGELA GORN | PRESIDENT/CE Officer | 40 | $672,848 | $50,949 |
| CHRISTOPHER BOLTON | CHIEF OPERAT Officer | 40 | $591,535 | $36,712 |
| LAKHBIR MADAHAR | PHYSICIAN Highest-paid employee | 40 | $536,162 | $50,796 |
| TOBY CURRIN | PHYSICIAN Highest-paid employee | 40 | $509,545 | $50,804 |
| JOHN T KITCHENS | GENERAL COUN Officer | 40 | $483,684 | $53,101 |
| TIMOTHY LEMAIRE | PHYSICIAN Highest-paid employee | 40 | $466,649 | $48,517 |
| HUFF LOGAN | PHYSICIAN Highest-paid employee | 40 | $477,595 | $30,076 |
| MORGAN HINES | PHYSICIAN Highest-paid employee | 40 | $458,470 | $31,789 |
| DANIEL PARDEE | CHIEF FINANC Officer | 40 | $359,483 | $50,949 |
| KIRSTEN TIMBERS | VP COMMUNITY Officer | 40 | $337,583 | $47,842 |
| CHARLES CROSS | HR DIRECTOR Officer | 40 | $280,560 | $46,098 |
| KELLY BOGART | VICE PRESIDE Officer | 40 | $274,231 | $45,679 |
| HAUGEN ANTHONY | BOARD CHAIR Trustee or director, Officer | 40 | $137,963 | $29,486 |
| PAYENNA HEATHER | 1ST VICE CHA Trustee or director | 1 | $86,700 | $0 |
24 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HARDY MATILDA | 2ND VICE CHA Trustee or director, Officer | 1 | $41,600 |
| NINGEULOOK MOLLY | EXECUTIVE ME Trustee or director | 1 | $39,750 |
| OKBOAK SARAH | BOARD MEMBER Trustee or director | 1 | $39,000 |
| CHARLES MARY D | BOARD TREASU Trustee or director, Officer | 1 | $37,500 |
| MURRAY FREDERICK | EXECUTIVE ME Trustee or director | 1 | $37,500 |
| KAKARUK ANGELA MENADELOOK | BOARD MEMBER Trustee or director | 1 | $37,050 |
| SOUTHALL FRIEDA | BOARD MEMBER Trustee or director | 1 | $37,000 |
| WILSON BERDA | BOARD SECRET Trustee or director, Officer | 1 | $36,150 |
| KEYES JOANNE | EXECUTIVE ME Trustee or director | 1 | $36,000 |
| FITKA ALICE | BOARD MEMBER Trustee or director | 1 | $34,500 |
| BAHNKE KEVIN | BOARD MEMBER Trustee or director | 1 | $34,500 |
| ROOKOK PRESTON | EXECUTIVE ME Trustee or director, Officer | 1 | $34,500 |
| UNGWILLUK JR RODNEY | BOARD MEMBER Trustee or director | 1 | $34,500 |
| BROWN CHARLIE | EXECUTIVE ME Trustee or director | 1 | $33,050 |
| KEITH ROBERT | BOARD MEMBER Trustee or director | 1 | $33,000 |
| OTTON ROSEMARY | BOARD MEMBER Trustee or director | 1 | $33,000 |
| AMAKTOOLIK WILMA | BOARD MEMBER Trustee or director | 1 | $25,000 |
| MIKE RUDOLPH | BOARD MEMBER Trustee or director | 1 | $12,001 |
| JOHNSON ELIZABETH | BOARD TREASU Trustee or director, Officer | 1 | $9,550 |
| NASHOANAK SR MORRIS | BOARD MEMBER Trustee or director | 1 | $6,000 |
| ABOWALUK CAROL | BOARD MEMBER Trustee or director | 1 | $0 |
| RAYMOND JARED | BOARD MEMBER Trustee or director | 1 | $0 |
| KOKEOK NANCY | BOARD MEMBER Trustee or director | 1 | $0 |
| OZENNA REBECCA | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 40 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK PETERSON | CHIEF MEDICA Officer | 40 | $864,681 | $49,694 |
| LAKHBIR MADAHAR | PHYSICIAN Highest-paid employee | 40 | $659,250 | $48,326 |
| ANGELA GORN | PRESIDENT/CE Officer | 40 | $536,366 | $48,470 |
| CHRISTOPHER BOLTON | CHIEF OPERAT Officer | 40 | $520,915 | $35,268 |
| TOBY CURRIN | PHYSICIAN Highest-paid employee | 40 | $488,826 | $48,317 |
| JOHN T KITCHENS | GENERAL COUN Officer | 40 | $427,439 | $50,975 |
| TIMOTHY LEMAIRE | PHYSICIAN Highest-paid employee | 40 | $416,687 | $46,271 |
| STEPHEN DANIEL | PHYSICIAN Highest-paid employee | 40 | $400,420 | $49,142 |
| MORGAN HINES | PHYSICIAN Highest-paid employee | 40 | $398,096 | $30,590 |
| DANIEL PARDEE | CHIEF FINANC Officer | 40 | $347,761 | $48,483 |
| KIRSTEN TIMBERS | VP COMMUNITY Officer | 40 | $331,649 | $45,887 |
| KELLY BOGART | VICE PRESIDE Officer | 40 | $277,850 | $44,647 |
| CHARLES CROSS | CHIEF HR DIR Officer | 40 | $249,996 | $42,845 |
| PRESTON ROOKOK | BOARD CHAIR Trustee or director, Officer | 40 | $135,312 | $26,472 |
| DEBRA PEACOCK | CHIEF FINANC Officer | 40 | $121,992 | $22,989 |
| HEATHER PAYENNA | BOARD MEMBER Trustee or director | 1 | $66,800 | $0 |
| ANTHONY P HAUGEN SR | BOARD 1ST VI Trustee or director, Officer | 1 | $52,000 | $4,989 |
| MATILDA HARDY | BOARD 2ND VI Trustee or director, Officer | 1 | $29,050 | $0 |
| MARY D CHARLES | ASST SEC/TRE Trustee or director, Officer | 1 | $28,000 | $0 |
| ELIZABETH JOHNSON | BOARD TREASU Trustee or director, Officer | 1 | $24,600 | $0 |
| JOANNE KEYES | BOARD MEMBER Trustee or director | 1 | $24,550 | $0 |
| BERDA WILSON | BOARD SECRET Trustee or director, Officer | 1 | $24,050 | $0 |
| KEVIN BAHNKE | EXEC MEMBER Trustee or director | 1 | $24,000 | $0 |
| CHARLES L BROWN | BOARD MEMBER Trustee or director | 1 | $24,000 | $0 |
| ALICE FITKA | BOARD MEMBER Trustee or director | 1 | $24,000 | $0 |
| RODNEY UNGWILLUK JR | BOARD MEMBER Trustee or director | 1 | $24,000 | $0 |
| ROBERT KEITH | BOARD MEMBER Trustee or director | 1 | $24,000 | $0 |
| ROSEMARY OTTON | BOARD MEMBER Trustee or director | 1 | $24,000 | $0 |
| FRIEDA SOUTHALL | BOARD MEMBER Trustee or director | 1 | $24,000 | $0 |
| MORRIS NASHOANAK SR | BOARD MEMBER Trustee or director | 1 | $24,000 | $0 |
| ANGELA MENADELOOK-KAKARUK | BOARD MEMBER Trustee or director | 1 | $23,500 | $0 |
| JENNY LEE | BOARD MEMBER Trustee or director | 1 | $18,000 | $0 |
| LETICIA MILLIGROCK | BOARD MEMBER Trustee or director | 1 | $18,000 | $0 |
| STANLEY ANDERSON | BOARD MEMBER Trustee or director | 1 | $16,000 | $0 |
| MOLLY NINGEULLOK | EXEC MEMBER Trustee or director | 1 | $16,000 | $0 |
| SARAH OKBAOK | BOARD MEMBER Trustee or director | 1 | $6,000 | $0 |
| CAROL ABLOWALUK | BOARD MEMBER Trustee or director | 1 | $4,000 | $0 |
| FREDERICK MURRAY | EXEC MEMBER Trustee or director | 1 | $2,660 | $0 |
| WILMA AMAKTOOLIK | BOARD MEMBER Trustee or director | 1 | $1,500 | $0 |
| RUDOLPH MIKE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2023: 41 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK PETERSON | CHIEF MEDICA Officer | 40 | $766,408 | $45,236 |
| LAKHBIR MADAHAR | PHYSICIAN Highest-paid employee | 40 | $701,980 | $13,563 |
| CHRISTOPHER BOLTON | CHIEF OPERAT Officer | 40 | $561,148 | $31,507 |
| ANGELA GORN | PRESIDENT/CE Officer | 40 | $523,413 | $44,804 |
| JORDON TREZZA | PHYSICIAN Highest-paid employee | 40 | $492,507 | $17,845 |
| MARK KELSO | DIR OF DENTI Highest-paid employee | 40 | $462,102 | $46,028 |
| ISAIAH R LOGAN | PHYSICIAN Highest-paid employee | 40 | $500,163 | $0 |
| JOHN T KITCHENS | GENERAL COUN Officer | 40 | $447,749 | $47,464 |
| LOGAN HUFF | PHYSICIAN Highest-paid employee | 40 | $443,669 | $0 |
| KIRSTEN TIMBERS | VP COMMUNITY Officer | 40 | $303,334 | $44,551 |
| DANIEL PARDEE | CHIEF FINANC Officer | 40 | $282,865 | $23,334 |
| DEBRA PEACOCK | CHIEF FINANC Officer | 40 | $252,261 | $41,175 |
| CHARLES CROSS | CHIEF HR DIR Officer | 40 | $251,372 | $41,025 |
| KELLY BOGART | VICE PRESIDE Officer | 40 | $236,076 | $39,798 |
| PRESTON ROOKOK | BOARD CHAIR Trustee or director, Officer | 40 | $121,264 | $33,052 |
| HEATHER PAYENNA | BOARD MEMBER Trustee or director | 1 | $35,750 | $0 |
| ANTHONY P HAUGEN SR | BOARD 1ST VI Trustee or director, Officer | 1 | $31,300 | $0 |
| MATILDA HARDY | BOARD 2ND VI Trustee or director, Officer | 1 | $29,850 | $0 |
| MARY D CHARLES | ASST SEC/TRE Trustee or director, Officer | 1 | $29,700 | $0 |
| JOANNE KEYES | BOARD MEMBER Trustee or director | 1 | $28,300 | $0 |
| BERDA WILSON | BOARD SECRET Trustee or director, Officer | 1 | $26,900 | $0 |
| ELIZABETH JOHNSON | BOARD TREASU Trustee or director, Officer | 1 | $25,900 | $0 |
| FREDERICK MURRAY | EXEC MEMBER Trustee or director | 1 | $25,900 | $0 |
| MORRIS NASHOANAK SR | BOARD MEMBER Trustee or director | 1 | $25,750 | $0 |
| CAROL ABLOWALUK | BOARD MEMBER Trustee or director | 1 | $25,700 | $0 |
| STANLEY ANDERSON | BOARD MEMBER Trustee or director | 1 | $25,700 | $0 |
| KEVIN BAHNKE | EXEC MEMBER Trustee or director | 1 | $25,700 | $0 |
| ALICE FITKA | BOARD MEMBER Trustee or director | 1 | $25,700 | $0 |
| ROBERT KEITH | BOARD MEMBER Trustee or director | 1 | $25,700 | $0 |
| JENNY LEE | BOARD MEMBER Trustee or director | 1 | $25,700 | $0 |
| ROSEMARY OTTON | BOARD MEMBER Trustee or director | 1 | $25,700 | $0 |
| FRIEDA SOUTHALL | BOARD MEMBER Trustee or director | 1 | $25,700 | $0 |
| LETICIA MILLIGROCK | BOARD MEMBER Trustee or director | 1 | $24,000 | $0 |
| MOLLY NINGEULLOK | BOARD MEMBER Trustee or director | 1 | $20,500 | $0 |
| CHARLES L BROWN | BOARD MEMBER Trustee or director | 1 | $17,700 | $0 |
| RODNEY UNGWILUK JR | BOARD MEMBER Trustee or director | 1 | $7,700 | $0 |
| WILMA AHAKTOOLIK | ALT BOARD ME Trustee or director | 1 | $0 | $0 |
| LLOYD KIYUTELLUK | ALTERNATE BR Trustee or director | 1 | $0 | $0 |
| ANGELA MENADELOOK-KAKARUK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SARAH OKBAOK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| REBECCA OZENNA | ALTERNATE BR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 966, NOME, AK 99762-0966
- Principal officer (990 for 2024)
- ANGELA GORN, PO BOX 966, NOME, AK 99762
- Signed the 990
- ANGELA GORN, PRESIDENT/CEO
- Phone
- (907) 443-3311
- Return prepared by
- ELGEE REHFELD LLC
Mission
TO PROVIDE QUALITY HEALTH SERVICES AND PROMOTE WELLNESS WITHIN OUR PEOPLE AND ENVIRONMENT.
Program accomplishments
- THE HOSPITAL DIVISION OF NORTON SOUND HEALTH CORPORATION (NSHC) INCLUDES A 18 BED ACUTE CARE HOSPITAL AND A 18 BED LONG-TERM CARE FACILITY THROUGH WHICH MEDICAL CARE IS PROVIDED TO THE RESIDENTS OF NOME AND 15 VILLAGES ON THE COAST AND ISLANDS OF THE BERING SEA. IN ADDITION TO INPATIENT/OUTPATIENT CARE, NSHC CONTINUES TO INCREASE ITS COMMITMENT TO PREVENTIVE HEALTH CARE BY SUPPORTING PROGRAMS THAT EMPHASIZE HEALTH AND FITNESS, INCLUDING OFFERING NUMEROUS SCREENING TESTS, DIET, EXERCISE AND FITNESS COUNSELING, AS WELL AS SCREENING PROCEDURES FOR COLON AND STOMACH CANCER, CARDIOVASCULAR AND DIABETES HEALTH RISKS. QUYANNA CARE CENTER - THE LONG TERM CARE FACILITY, CONTINUES TO MAXIMIZE THE QUALITY OF LIFE FOR ITS RESIDENTS. STAFF MEMBERS STRIVE TO MAINTAIN A VERY HIGH LEVEL OF CARE BY ENSURING THAT PATIENT SAFETY AND QUALITY OF CARE COME FIRST. A HOME- LIKE ENVIRONMENT IS PROMOTED AND EMBRACED AND THE NATIVE CULTURE IS WOVEN INTO EVERY ASPECT OF CARE. NATIVE FOODS ARE PREPARED OFTEN THROUGH FAMILY AND COMMUNITY DONATIONS. CELEBRATIONS AND FAMILY GATHERINGS ARE PART OF EVERYDAY LIFE IN THE FACILITY. KEY HOSPITAL STATISTICS FOR FY25 INCLUDE: ADMISSIONS ACCUTE CARE: 754 LABOR & DELIVERY: 82 SWING BED: 42 ER VISITS: 5,901 OUTPATIENTS: 12,491 DENTAL ENCOUNTERS: 4,635 SPECIALTY CLINIC: 1,240Expenses $145,222,857 · revenue $87,044,257
- NSHC'S REGIONAL HEALTH SERVICES PROVIDE A WIDE VARIETY OF HEALTH CARE, PROMOTION, SCREENING, AND PREVENTION PROGRAMS TO NOME AND 15 BERING SEA VILLAGES. SUCH PROGRAMS INCLUDE BUT ARE NOT LIMITED TO THE PROVISION OF HEALTH AIDES (CERTIFIED AND IN-TRAINING) AT EACH VILLAGE HEALTH CLINIC, A TRIBAL HEALER PROGRAM, INFANT LEARNING PROGRAMS, ENVIRONMENTAL HEALTH PROGRAM, HEALTHY STARTS AND OTHER SERVICES GEARED SPECIFICALLY TO WOMEN, INFANTS AND CHILDREN. KEY STATISTICS FOR FY25 INCLUDE: PATIENT VISITS IN VILLAGE CLINICS: 32,164 WIC CLIENT ENCOUNTERS ENVIRONMENTAL HEALTH TECH ASSISTANCE ANIMAL BITES/RABIES INVESTIGATIONS WATER QUALITYExpenses $59,118,127 · grants $1,185,368 · revenue $25,146,206
- NSHC'S BEHAVIORAL HEALTH SERVICES DIVISION PROVIDES OUTPATIENT INDIVIDUAL, COUPLE, FAMILY AND GROUP MENTAL HEALTH THERAPY, INTERACTIVE AND OBSERVATIONAL PLAY THERAPY AS WELL AS INDIVIDUAL, COUPLE, FAMILY AND GROUP SUBSTANCE ABUSE COUNSELING, SEXUAL ASSULT RESPONSE SERVICES AND ALCOHOL AND DRUG INFORMATION SCHOOL. IT ALSO PROVIDES PSYCHOLOGICAL AND NEUROPSYCHOLOGICAL TESTING, PSYCHIATRIC SERVICES INCLUDING MEDICATION ASSESSMENT AND EVALUATION, CASE MANAGEMENT AND REFERRAL SERVICES AND 24/7 CRISIS INTERVENTION IN THE EMERGENCY ROOM AND INPATIENT UNITS. BEHAVIORAL HEALTH SERVICES ARE DELIVERED IN THE VILLAGES THROUGH THE VILLAGE BASED COUNSELORS (VBC'S). BHS IS THE ONLY RURAL LOCATION IN THE STATE ACCREDITED BY THE AMERICAN PSYCHOLOGICAL ASSOCIATION WITH A PR-DOCTORAL INTERNSHIP PROGRAM. KEY STATISTICS FOR FY25 INCLUDE: BEHAVIORAL HEALTH VISITS: 5,606 TELEHEALTH PRIMARY CARE: 1,216Expenses $6,235,383 · revenue $3,359,759
- STATE & FEDERAL GRANTS AND CONTRACTS WITH PATIENT REVENUE: ILP AND DVPI HAVE REVENUE.Expenses $15,527,913 · revenue $108,647
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 92-0041488
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1975
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E21Z)
- Assets (IRS master file)
- $605,569,377
- Income (IRS master file)
- $886,298,239
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $285,791,722 | $240,940,513 | $605,569,377 | XML |
| 990 | September 2024 | $248,333,119 | $208,581,638 | $560,442,108 | XML |
| 990 | September 2023 | $246,341,962 | $201,420,551 | $514,895,339 | XML |
| 990 | September 2022 | $203,510,389 | $181,073,866 | $468,101,447 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 92-0041488).
Questions about NORTON SOUND HEALTH CORPORATION
- What is the EIN of NORTON SOUND HEALTH CORPORATION?
- The employer identification number (EIN) of NORTON SOUND HEALTH CORPORATION is 92-0041488.
- Is NORTON SOUND HEALTH CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to NORTON SOUND HEALTH CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NORTON SOUND HEALTH CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NORTON SOUND HEALTH CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTON SOUND HEALTH CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of NORTON SOUND HEALTH CORPORATION?
- The 990 for the year ended September 30, 2025 names ANGELA GORN.
- Who are the officers and directors of NORTON SOUND HEALTH CORPORATION?
- The 990 for the year ended September 30, 2025 lists 39 people; 35 received compensation from the organization, the highest $861,209 (MARK PETERSON, CHIEF MEDICA).
- How much revenue does NORTON SOUND HEALTH CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $285,791,722, expenses of $240,940,513 and total assets of $605,569,377 at year end.
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