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Nonprofiteer
← GRAND ISLAND REGIONAL MEDICAL CENTER

Form 990 for tax year 2023

Filed by GRAND ISLAND REGIONAL MEDICAL CENTER.

Totals

Total revenue
$67,810,497
Total expenses
$82,924,006
Contributions and grants received
$2,732,990
Grants paid
$0
Program service revenue
$64,280,647
Investment income
-$42,220
Other revenue
$839,080
Total assets, end of year
$62,612,794
Total liabilities, end of year
$132,655,934
Net assets or fund balances, end of year
-$70,043,140
Program services expenses (Part IX)
$67,919,719
Management and general expenses
$15,004,287
Fundraising expenses
$0
Program service expenses (Part III)
$67,919,719

Program services were 81.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ERIC BARBER

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • RUSSELL GRONEWOLD

    CHAIRPERSON

    Total calculated
    $1,602,919
    From this org
    $0
    From related orgs
    $1,558,096
    Other
    $44,823
    Hours/week
    1 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,001,357 related
    Bonus
    $0 + $162,356 related
    Other
    $0 + $394,383 related
    Deferred
    $0 + $21,450 related
    Nontaxable benefits
    $0 + $23,373 related
    Filer's total
    $0 + $1,602,919 related

  • RYAN CROUCH DO

    SECRETARY-TREASURER

    Total calculated
    $393,337
    From this org
    $0
    From related orgs
    $374,479
    Other
    $18,858
    Hours/week
    2 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $277,886 related
    Bonus
    $0 + $71,646 related
    Other
    $0 + $24,947 related
    Deferred
    $0 + $18,150 related
    Nontaxable benefits
    $0 + $708 related
    Filer's total
    $0 + $393,337 related

  • BRANT LUEBBE MD

    PHYSICIAN

    Total calculated
    $983,219
    From this org
    $0
    From related orgs
    $931,660
    Other
    $51,559
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $618,855 related
    Bonus
    $0 + $287,597 related
    Other
    $0 + $25,208 related
    Deferred
    $0 + $18,150 related
    Nontaxable benefits
    $0 + $33,409 related
    Filer's total
    $0 + $983,219 related

  • CINDY JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JENNIFER BROWN MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN WOODRICH

    DIRECTOR

    Total calculated
    $1,188,554
    From this org
    $0
    From related orgs
    $1,146,873
    Other
    $41,681
    Hours/week
    2 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $701,235 related
    Bonus
    $0 + $109,951 related
    Other
    $0 + $335,688 related
    Deferred
    $0 + $20,772 related
    Nontaxable benefits
    $0 + $20,909 related
    Filer's total
    $0 + $1,188,555 related

  • MOLLY JOHNSON MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • REV LUKE BIGGS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TERESA GRABOWSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOM WERNER MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDREW WATERMAN

    President/CEO Grand Island Regional Medical Center (Start 9/16/2023)

    Total calculated
    $229,862
    From this org
    $189,447
    From related orgs
    $34,999
    Other
    $5,416
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $181,531 + $30,266 related
    Bonus
    $4,009 + $4,000 related
    Other
    $3,907 + $733 related
    Deferred
    $2,352 + $869 related
    Nontaxable benefits
    $1,906 + $289 related
    Filer's total
    $193,705 + $36,157 related

  • DERICK LORENTZ

    CFO/GRAND ISLAND REGIONAL MEDICAL CENTER (EFFECTIVE 7/17/2023)

    Total calculated
    $111,988
    From this org
    $93,165
    From related orgs
    $0
    Other
    $18,823
    Hours/week
    50

  • CORY OHLSON MD

    PHYSICIAN

    Total calculated
    $776,253
    From this org
    $735,791
    From related orgs
    $0
    Other
    $40,462
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $694,810
    Bonus
    $16,634
    Other
    $24,347
    Deferred
    $8,250
    Nontaxable benefits
    $32,212
    Filer's total
    $776,253

  • DAVID RUNNING

    PHYSICIAN

    Total calculated
    $550,419
    From this org
    $533,706
    From related orgs
    $0
    Other
    $16,713
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $522,605
    Bonus
    $7,271
    Other
    $3,830
    Deferred
    $8,250
    Nontaxable benefits
    $8,463
    Filer's total
    $550,419

  • JEFF BURWELL

    PHYSICIAN

    Total calculated
    $514,602
    From this org
    $485,292
    From related orgs
    $0
    Other
    $29,310
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $450,972
    Bonus
    $7,884
    Other
    $26,436
    Deferred
    $8,250
    Nontaxable benefits
    $21,060
    Filer's total
    $514,602

  • TERRY ROUNSBORG

    PHYSICIAN

    Total calculated
    $557,602
    From this org
    $530,017
    From related orgs
    $0
    Other
    $27,585
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $508,023
    Bonus
    $14,910
    Other
    $7,084
    Deferred
    $6,525
    Nontaxable benefits
    $21,060
    Filer's total
    $557,602

  • TRINA STONEHAM MD

    PHYSICIAN

    Total calculated
    $533,175
    From this org
    $518,141
    From related orgs
    $0
    Other
    $15,034
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $507,865
    Bonus
    $9,564
    Other
    $712
    Deferred
    $8,250
    Nontaxable benefits
    $6,784
    Filer's total
    $533,175

  • LARRY SPEICHER

    President/CEO Grand Island Regional Medical Center (VACATED 9/15/2023)

    Total calculated
    $538,158
    From this org
    $445,954
    From related orgs
    $51,003
    Other
    $41,201
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $233,551 + $42,795 related
    Bonus
    $40,384 + $4,000 related
    Other
    $172,019 + $4,208 related
    Deferred
    $14,683 + $2,749 related
    Nontaxable benefits
    $19,015 + $4,754 related
    Filer's total
    $479,652 + $58,506 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
BRYAN HEALTH'S BOARD OF TRUSTEES BELIEVES COMPENSATION FOR THE SENIOR MANAGEMENT TEAM, INCLUDING THIS ORGANIZATIONS CEO AND CEOS OF ALL RURAL HOSPITALS OWNED BY BRYAN HEALTH, MUST REFLECT THE COMPLEXITIES OF LEADING AND MANAGING A MULTI-HOSPITAL HEALTH SYSTEM THAT PROVIDES SERVICES THROUGHOUT MUCH OF THE STATE. RECOGNIZING THAT ITS LEADERS ARE RESPONSIBLE FOR THE QUALITY OF CARE, PATIENT SERVICES AND OVERALL FINANCIAL HEALTH OF ONE OF THE LARGEST PRIVATE EMPLOYERS IN LINCOLN/LANCASTER COUNTY, BRYAN HEALTH'S BOARD HAS ESTABLISHED A COMPENSATION PLAN THAT MATCHES THIS LEVEL OF RESPONSIBILITY. THIS PLAN, KNOWN AS THE SENIOR MANAGEMENT COMPENSATION PHILOSOPHY IS REVIEWED AT LEAST ANNUALLY BY BRYAN HEALTH'S COMPENSATION COMMITTEE. THIS COMPENSATION PHILOSOPHY TARGETS BASE SALARY FOR SENIOR MANAGERS AT THE 50TH PERCENTILE OF THE MARKET. THE COMPENSATION COMMITTEE IS APPOINTED BY BRYAN HEALTH'S BOARD OF TRUSTEES AND IS MADE UP OF INDEPENDENT COMMUNITY LEADERS WHO ALL SERVE VOLUNTARILY, AND WHO MUST ADHERE TO A STRINGENT CONFLICT OF INTEREST POLICY. EXECUTIVE COMPENSATION IS DETERMINED AND REVIEWED PURSUANT TO GUIDELINES OUTLINED IN THE INTERMEDIATE SANCTION RULES UNDER IRC SECTION 4958 INCLUDING TAKING STEPS TO MEET THE REBUTTABLE PRESUMPTION STANDARD OF REASONABLENESS UNDER TREASURY REGULATION SECTION 53.4958-6. THE COMPENSATION COMMITTEE CONDUCTS A COMPREHENSIVE ANNUAL REVIEW OF ALL COMPENSATION PROVIDED BY THE ORGANIZATION TO THE SENIOR MANAGEMENT TEAM. THIS REVIEW IS CONDUCTED BY THE COMMITTEE BY UTILIZING NATIONAL SALARY SURVEYS, CONDUCTED BY INDEPENDENT EXTERNAL FIRMS. COMPENSATION FOR SENIOR MANAGERS IS COMPARED TO COMPENSATION OF SENIOR MANAGERS AT LIKE INSTITUTIONS ACROSS THE U.S. TO DETERMINE THAT THE VALUE OF COMPENSATION PROVIDED IS REASONABLE AND AT FAIR MARKET VALUE. THE COMPENSATION COMMITTEE ALSO WORKS DIRECTLY WITH AN EXTERNAL INDEPENDENT COMPENSATION CONSULTANT TO REVIEW THE REASONABLENESS OF TOTAL COMPENSATION PROVIDED TO THE SENIOR MANAGEMENT TEAM, AND TO ASSURE THAT THE TOTAL COMPENSATION PAID CONFORMS TO THE OVERALL COMPENSATION PHILOSOPHY. THE COMPENSATION CONSULTANT PROVIDES WRITTEN OPINIONS TO THE COMPENSATION COMMITTEE THAT ASSESSES THE REASONABLENESS OF THE TOTAL EXECUTIVE COMPENSATION PAID TO SENIOR MANAGERS. THE ANNUAL COMPENSATION REVIEW PROCEDURE WAS COMPLETED BY THE COMPENSATION COMMITTEE MARCH 21, 2023. ALL DECISIONS OF THE COMPENSATION COMMITTEE ARE CONTEMPORANEOUSLY DOCUMENTED IN THE COMPENSATION COMMITTEE MINUTES WHICH ARE TIMELY REVIEWED AND APPROVED BY THE COMMITTEE.
Schedule J, Part I, Line 4a Severance or change-of-control payment
LARRY SPEICHER, CEO OF GRAND ISLAND REGIONAL MEDICAL CENTER, RECEIVED $155,324 IN SEVERANCE DURING 2023.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE FOLLOWING PEOPLE LISTED IN FORM 990, PART VII, SECTION A, LINE 1A PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN AND RECEIVED A PAYMENT DURING 2023: RUSSELL GRONEWOLD - $316,077 AND JOHN WOODRICH - $264,413.
Schedule J, Part II COMPENSATION OF OFFICERS, DIRECTORS, TRUSTEES & KEY EMPLOYEES
IN KEEPING WITH BRYAN HEALTH'S BELIEFS AND STANDARDS OF BEHAVIOR REGARDING STEWARDSHIP, NO BOARD MEMBER SERVING ON THE BOARD OF TRUSTEES IS COMPENSATED FOR THEIR SERVICE AS A BOARD MEMBER. COMPENSATION AMOUNTS REPORTED ARE FOR SERVICES PROVIDED AS MEDICAL PROFESSIONALS OR EXECUTIVES OF THE ORGANIZATION, OR A RELATED ORGANIZATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349316776

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