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← WAKE FOREST UNIVERSITY HEALTH SCIENCES GROUP RETURN

Form 990 for tax year 2024

Filed by WAKE FOREST UNIVERSITY HEALTH SCIENCES GROUP RETURN.

Totals

Total revenue
$106,748,590
Total expenses
$88,185,647
Contributions and grants received
$0
Grants paid
$1,366,879
Program services expenses (Part IX)
$79,092,817
Management and general expenses
$9,092,830
Fundraising expenses
$0
Program service expenses (Part III)
$79,092,817

Program services were 89.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JULIE ANN FREISCHLAG MD

    CHAIR & PRESIDENT

    Total calculated
    $7,634,720
    From this org
    $0
    From related orgs
    $7,594,629
    Other
    $40,091
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,476,070 related
    Bonus
    $0 + $4,358,126 related
    Other
    $0 + $760,433 related
    Deferred
    $0 + $19,092 related
    Nontaxable benefits
    $0 + $20,999 related
    Filer's total
    $0 + $7,634,720 related

  • KEVIN P HIGH MD

    DIRECTOR

    Total calculated
    $1,322,346
    From this org
    $0
    From related orgs
    $1,277,196
    Other
    $45,150
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $340,084 related
    Bonus
    $0 + $862,143 related
    Other
    $0 + $74,969 related
    Deferred
    $0 + $21,840 related
    Nontaxable benefits
    $0 + $23,310 related
    Filer's total
    $0 + $1,322,346 related

  • TERRY G WILLIAMS

    DIRECTOR

    Total calculated
    $2,453,054
    From this org
    $2,204,442
    From related orgs
    $0
    Other
    $248,612
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $952,718
    Bonus
    $1,207,345
    Other
    $44,379
    Deferred
    $215,292
    Nontaxable benefits
    $33,320
    Filer's total
    $2,453,054

  • TERRY L HALES JR

    DIRECTOR & ASST TREASURER

    Total calculated
    $1,363,334
    From this org
    $0
    From related orgs
    $1,310,800
    Other
    $52,534
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $576,900 related
    Bonus
    $0 + $617,413 related
    Other
    $0 + $116,487 related
    Deferred
    $0 + $22,781 related
    Nontaxable benefits
    $0 + $29,753 related
    Filer's total
    $0 + $1,363,334 related

  • DAVID ZAAS MD

    DIRECTOR

    Total calculated
    $1,354,179
    From this org
    $0
    From related orgs
    $1,314,010
    Other
    $40,169
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $966,108 related
    Bonus
    $0 + $322,398 related
    Other
    $0 + $25,504 related
    Deferred
    $0 + $24,505 related
    Nontaxable benefits
    $0 + $15,664 related
    Filer's total
    $0 + $1,354,179 related

  • STEPHAN L LILLIE

    TREASURER

    Total calculated
    $728,685
    From this org
    $666,639
    From related orgs
    $0
    Other
    $62,046
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $409,266
    Bonus
    $256,504
    Other
    $869
    Deferred
    $25,707
    Nontaxable benefits
    $36,339
    Filer's total
    $728,685

  • RUSSELL M HOWERTON MD

    FORMER DIRECTOR

    Total calculated
    $1,063,515
    From this org
    $0
    From related orgs
    $1,017,069
    Other
    $46,446
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $582,329 related
    Bonus
    $0 + $272,084 related
    Other
    $0 + $162,656 related
    Deferred
    $0 + $20,674 related
    Nontaxable benefits
    $0 + $25,772 related
    Filer's total
    $0 + $1,063,515 related

  • BRADLEY A CLARK

    FORMER OFFICER

    Total calculated
    $2,933,092
    From this org
    $2,513,703
    From related orgs
    $0
    Other
    $419,389
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $1,697,429
    Bonus
    $713,004
    Other
    $103,270
    Deferred
    $390,217
    Nontaxable benefits
    $29,172
    Filer's total
    $2,933,092

  • J REID MORGAN

    FORMER OFFICER (6/30/23)

    Total calculated
    $469,700
    From this org
    $0
    From related orgs
    $412,282
    Other
    $57,418
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $366,986 related
    Bonus
    $0 + $39,600 related
    Other
    $0 + $5,696 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $22,918 related
    Filer's total
    $0 + $469,700 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 — 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

PART I, LINE 4B
CERTAIN DIRECTORS AND/OR OFFICERS OF THE FILING ORGANIZATION PARTICIPATED IN AND/OR RECEIVED PAYMENTS FROM A NON-QUALIFIED DEFERRED COMPENSATION PLAN (RESTORATION OR SERP). THE DETERMINATION OF THE PAYMENT AMOUNT FROM THE NON-QUALIFIED DEFERRED COMPENSATION PLANS FOLLOWED THE EMPLOYMENT ORGANIZATION'S COMPENSATION PROCEDURES. THE FOLLOWING DIRECTORS AND/OR OFFICERS RECEIVED PAYMENTS FROM NON-QUALIFIED DEFERRED COMPENSATION PLANS DURING THE CURRENT TAX YEAR: JULIE A. FREISCHLAG, M.D. 688,380 KEVIN P. HIGH, M.D. 46,500 RUSSELL M. HOWERTON, M.D. 128,688 TERRY L. HALES, JR. 90,046 BRADLEY A. CLARK 362,617 TERRY G. WILLIAMS 189,417
FORM 990, PART VII, LINE 5 - COMPENSATION FROM UNRELATED ORGANIZATIONS
STEPHAN LILLIE WAS COMPENSATED BY WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER, AN AFFILIATED BUT UNRELATED ORGANIZATION, FOR SERVICES RENDERED TO THE ORGANIZATION. SEE PART VII AND SCHEDULE J, PART II FOR COMPENSATION. BRADLEY A. CLARK AND TERRY G. WILLIAMS WERE COMPENSATED BY THE CHARLOTTE-MECKLENBURG HOSPITAL AUTHORITY (CMHA, DOING BUSINESS AS ATRIUM HEALTH), AN AFFILIATED BUT UNRELATED ORGANIZATION, FOR SERVICES RENDERED TO THE ORGANIZATION. SEE PART VII AND SCHEDULE J FOR COMPENSATION.

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202513219349301401

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