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Nonprofiteer
← WALKER SENIOR SERVICES INC

Form 990 for tax year 2023

Filed by WALKER SENIOR SERVICES INC.

Totals

Total revenue
$4,633,112
Total expenses
$12,821,748
Contributions and grants received
$83,271
Grants paid
$0
Program service revenue
$4,020,443
Investment income
$325,585
Other revenue
$203,813
Total assets, end of year
$21,508,531
Total liabilities, end of year
$26,117,399
Net assets or fund balances, end of year
-$4,608,868
Program services expenses (Part IX)
$12,821,748
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$12,821,748

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PHIL HANSON

    CHAIR

    Total calculated
    $0
    Hours/week
    0.02 + 0.23 related

  • MICK FINN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.03 + 0.22 related

  • LYNN SWON

    TREASURER

    Total calculated
    $0
    Hours/week
    0.03 + 0.22 related

  • FRED SEMMER

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.03 + 0.22 related

  • JIM BALLENTINE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.03 + 0.22 related

  • SUE BERGSTROM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.03 + 0.22 related

  • BOB HAKES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.03 + 0.22 related

  • CAROL KRAFT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.03 + 0.22 related

  • KATE LEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.03 + 0.22 related

  • SCOTT REDDEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.03 + 0.22 related

  • SCOTT RIDDLE

    PRESIDENT/CEO

    Total calculated
    $472,501
    From this org
    $450,813
    From related orgs
    $0
    Other
    $21,688
    Hours/week
    4.2 + 45.8 related

    Schedule J breakdown matched by us

    Base
    $425,423
    Bonus
    $16,100
    Other
    $9,290
    Deferred
    $5,959
    Nontaxable benefits
    $15,729
    Filer's total
    $472,501

  • RUSS GRUNDHAUSER

    CFO

    Total calculated
    $291,660
    From this org
    $261,917
    From related orgs
    $0
    Other
    $29,743
    Hours/week
    4.2 + 45.8 related

    Schedule J breakdown matched by us

    Base
    $247,830
    Bonus
    $10,000
    Other
    $4,087
    Deferred
    $5,364
    Nontaxable benefits
    $24,379
    Filer's total
    $291,660

  • VERONICA BARNAS

    VP OF HR

    Total calculated
    $199,127
    From this org
    $186,560
    From related orgs
    $0
    Other
    $12,567
    Hours/week
    4.2 + 45.8 related

    Schedule J breakdown matched by us

    Base
    $171,785
    Bonus
    $15,000
    Other
    -$225
    Deferred
    $3,842
    Nontaxable benefits
    $8,725
    Filer's total
    $199,127

  • BEVERLY RANSFORD

    VP OF QUALITY

    Total calculated
    $193,746
    From this org
    $190,587
    From related orgs
    $0
    Other
    $3,159
    Hours/week
    4.2 + 45.8 related

    Schedule J breakdown matched by us

    Base
    $120,720
    Bonus
    $20,000
    Other
    $49,867
    Deferred
    $2,524
    Nontaxable benefits
    $635
    Filer's total
    $193,746

  • STEPHEN WILSON

    VP OF OPERATIONS

    Total calculated
    $189,776
    From this org
    $179,347
    From related orgs
    $0
    Other
    $10,429
    Hours/week
    4.2 + 45.8 related

    Schedule J breakdown matched by us

    Base
    $174,044
    Bonus
    $3,470
    Other
    $1,833
    Deferred
    $9,773
    Nontaxable benefits
    $656
    Filer's total
    $189,776

  • BRENDA SCHRUPP

    VP OF QUALITY AND CORP COMPLIANCE

    Total calculated
    $178,105
    From this org
    $167,685
    From related orgs
    $0
    Other
    $10,420
    Hours/week
    4.2 + 45.8 related

    Schedule J breakdown matched by us

    Base
    $158,579
    Bonus
    $100
    Other
    $9,006
    Deferred
    $3,430
    Nontaxable benefits
    $6,990
    Filer's total
    $178,105

  • RONALD P DONACIK

    SR DOR OF HOUSING OPS

    Total calculated
    $168,097
    From this org
    $148,283
    From related orgs
    $0
    Other
    $19,814
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $138,283
    Bonus
    $10,000
    Other
    $0
    Deferred
    $2,210
    Nontaxable benefits
    $17,604
    Filer's total
    $168,097

  • MARY ZABEL

    VP OF REHAB

    Total calculated
    $169,965
    From this org
    $143,649
    From related orgs
    $0
    Other
    $26,316
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $138,599
    Bonus
    $5,050
    Other
    $0
    Deferred
    $2,961
    Nontaxable benefits
    $23,355
    Filer's total
    $169,965

  • MARK STRZYEWSKI

    DIR OF BUSINESS INTELLIGENCE

    Total calculated
    $152,587
    From this org
    $134,955
    From related orgs
    $0
    Other
    $17,632
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $132,155
    Bonus
    $2,800
    Other
    $0
    Deferred
    $2,667
    Nontaxable benefits
    $14,965
    Filer's total
    $152,587

  • ELIZABETH MEYER

    VP OF SALES

    Total calculated
    $149,437
    From this org
    $127,051
    From related orgs
    $0
    Other
    $22,386
    Hours/week
    50

  • KARIN MEIER

    VP OF FUND DEVELOPMENT

    Total calculated
    $160,085
    From this org
    $156,143
    From related orgs
    $0
    Other
    $3,942
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $156,143
    Bonus
    $0
    Other
    $0
    Deferred
    $3,088
    Nontaxable benefits
    $854
    Filer's total
    $160,085

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

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 5
PURPOSE: THE PURPOSE OF THE PLAN IS TO PROVIDE INCENTIVE COMPENSATION TO ITS MANAGEMENT AND PROFESSIONAL STAFF WHO MAKE SIGNIFICANT CONTRIBUTIONS TO THE ACHIEVEMENT OF BUDGETED FINANCIAL AND STRATEGIC GOALS AS ESTABLISHED BY WALKER METHODIST, INC. ELIGIBILITY: ELIGIBILITY FOR THE PLAN IS LIMITED TO REGULAR MANAGEMENT EMPLOYEES WHO RETAIN THE JOB TITLE OF CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER, CHIEF ADMINISTRATIVE OFFICER, VICE PRESIDENT OF OPERATIONS, VICE PRESIDENT OF HUMAN RESOURCES, EXECUTIVE DIRECTORS, DIRECTORS, CONTROLLER, DIRECTORS OF HOUSING, DIRECTOR OF SPIRITUAL CARE, CORPORATE DIRECTORS OF HUMAN RESOURCES AND EDUCATION, AND DEPARTMENT HEADS. OTHER KEY EMPLOYEES MAY BE INCLUDED IN THE PLAN AS APPROVED BY THE CHIEF EXECUTIVE OFFICER. FOR 2023, THE CHIEF EXECUTIVE OFFICER HAS APPROVED INCLUSION OF CORPORATE MANAGERS AND NURSE MANAGERS. IN ORDER TO PARTICIPATE IN THE PLAN FOR A PARTICULAR PLAN YEAR, EMPLOYEES, WHO ARE NEWLY HIRED OR PROMOTED TO AN ELIGIBLE POSITION, MUST BE EMPLOYED IN THE POSITION BY JUNE 30TH OF THAT PLAN YEAR. PLAN GOALS: THE CHIEF EXECUTIVE OFFICER HAS APPROVED THE INCLUSION OF DEPARTMENT HEADS IN THE PLAN. DEPARTMENT HEADS HAD ONLY ONE GOAL AROUND THEIR RESPECTIVE COMMUNITY'S BUDGETED OPERATING EBITDA. IN ADDITION TO MEETING THE FINANCIAL PLAN GOAL, DEPARTMENT HEADS MUST HAVE BEEN CONTRIBUTING MEANINGFULLY TO THE ADVANCEMENT OF WALKER'S MISSION TO ENHANCE THE LIVES OF OLDER ADJUSTS THROUGH A CULTURE OF CARE, RESPECT AND SERVICE, AND HAVE OVERALL PERFORMANCE IN LINE WITH WALKER'S VALUES OF RESPECT, IMAGINATION AND COLLABORATION. IF THEIR COMMUNITY ACHIEVED AN OPERATING EBITDA GREATER THAN THE THRESHOLD LEVEL, THEY EARNED A PLAN PAYMENT OF $500. IF THEIR RESPECTIVE COMMUNITY ACHIEVED AN OPERATING EBITDA THAT IS GREATER THAN TARGET BY 3% OR MORE, THEY EARNED A PLAN PAYMENT OF $1,000. EACH DEPARTMENT HEAD, CORPORATE MANAGER, OR NURSE MANAGER WAS ELIGIBLE FOR ONLY ONE OF THE TWO PAYMENTS DESCRIBED ABOVE; PAYMENTS WERE NOT CUMULATIVE. FOR 2023, PLAN PAYMENTS TO ALL OTHER ELIGIBLE EMPLOYEES IDENTIFIED IN THE PLAN WERE EARNED BASED ON ACHIEVING AN ACTUAL EBITDA OF THE PLAN YEAR THAT FALLS WITHIN RANGE OF 93.0% - 115.0% OF BUDGETED OPERATING EBITDA. CORPORATE STAFF PARTICIPANTS HAD ONLY ONE GOAL AROUND WALKER'S BUDGETED OPERATING EBITDA. LOCATION PARTICIPANTS HAD TWO GOALS, WITH 70.0% BASED ON COMMUNITY'S BUDGETED OPERATING EBITDA ACHIEVEMENT AND 30.0% ON CONSOLIDATED ACHIEVEMENT. BOTH THE COMMUNITY AND THE CONSOLIDATED THRESHOLDS MUST HAVE BEEN MET IN ORDER FOR THE LOCATION PARTICIPANTS TO RECEIVE ANY PAYMENT UNDER THIS PLAN, EXCEPT AS OTHERWISE EXPLICITLY SET FORTH IN THE PLAN AGREEMENT. IF A COMMUNITY ACHIEVED OPERATING EBITDA GREATER THAN THE THRESHOLD LEVEL AND WALKER ACHIEVED AN OPERATING EBITDA OF THRESHOLD LEVEL OR GREATER, AFTER TAKING INTO CONSIDERATION THE INCENTIVE PLAN EXPENSES, THE LOCATION PARTICIPANTS EARNED THE VARIABLE PAYOUT AS CALCULATED UNDER THE PLAN. IF A COMMUNITY ACHIEVED AN OPERATING EBITDA OF THRESHOLD LEVEL OR GREATER AND WALKER DID NOT MEET THE THRESHOLD LEVEL, THE DIRECTOR OF THE COMMUNITY RECEIVED 50% OF THE PORTION OF THE ELIGIBLE VARIABLE PAYOUT ATTRIBUTABLE TO THE COMMUNITY'S BUDGETED OPERATING EBITDA ACHIEVEMENT (50% OF THE 70%). WALKER RESERVES THE RIGHT TO CHANGE THE EBITDA TO REFLECT CHANGES IN THE CURRENT BUSINESS PORTFOLIO. CHANGES ARE COMMUNICATED TO PARTICIPANTS.
PART I, LINE 6
SEE THE NARRATIVE IN SCHEDULE J, PART III, RELATED TO PART I, LINE 5. THE BONUSES ARE BASED ON EBITDA (EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION), WHICH IS CLOSELY RELATED TO BOTH REVENUES AND NET EARNINGS.

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 corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202413199349316981

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