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Nonprofiteer
← SWEDISH COVENANT HEALTH

Form 990 for tax year 2023

Filed by SWEDISH COVENANT HEALTH.

Totals

Total revenue
$352,313,579
Total expenses
$336,125,639
Contributions and grants received
$4,101,202
Grants paid
$984,124
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$292,791,578
Management and general expenses
$43,334,061
Fundraising expenses
$0
Program service expenses (Part III)
$292,791,578

Program services were 87.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Anthony Guaccio

    President (until 8/30/23), CEO (until 12/31/23)

    Total calculated
    $1,370,805
    From this org
    $1,264,566
    From related orgs
    $0
    Other
    $106,239
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $564,098
    Bonus
    $462,994
    Other
    $237,475
    Deferred
    $76,394
    Nontaxable benefits
    $29,845
    Filer's total
    $1,370,805
  • Bea Reyna-Hickey

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Debra Schotz

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1
  • Gerald P Gallagher

    System President and CEO

    Total calculated
    $6,283,528
    From this org
    $0
    From related orgs
    $4,100,532
    Other
    $2,182,996
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,988,061 related
    Bonus
    $0 + $2,102,878 related
    Other
    $0 + $9,594 related
    Deferred
    $0 + $2,145,878 related
    Nontaxable benefits
    $0 + $37,118 related
    Filer's total
    $0 + $6,283,529 related
  • Jonathan Lind

    President of SCH

    Total calculated
    $723,074
    From this org
    $673,960
    From related orgs
    $0
    Other
    $49,114
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $377,813
    Bonus
    $282,205
    Other
    $13,941
    Deferred
    $14,850
    Nontaxable benefits
    $34,264
    Filer's total
    $723,074
  • Kurt D Anderson

    Chairman

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Carolin Archibald

    Director

    Total calculated
    $0
    Hours/week
    1
  • Chris Sullivan

    Director

    Total calculated
    $0
    Hours/week
    1
  • Christopher J Olson

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Dennis G Hammer

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jeffrey C Cilley

    Ex-Officio Director

    Total calculated
    $0
    Hours/week
    1
  • Jeffrey M Tilkin

    Director

    Total calculated
    $22,000
    From this org
    $22,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Kristen Murtos

    Director

    Total calculated
    $2,109,419
    From this org
    $0
    From related orgs
    $1,534,636
    Other
    $574,783
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $748,233 related
    Bonus
    $0 + $779,365 related
    Other
    $0 + $7,038 related
    Deferred
    $0 + $538,277 related
    Nontaxable benefits
    $0 + $36,506 related
    Filer's total
    $0 + $2,109,419 related
  • Lawrence P Anderson

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Mahalakshmi Halasyamani

    Director

    Total calculated
    $2,241,099
    From this org
    $0
    From related orgs
    $1,720,211
    Other
    $520,888
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $863,771 related
    Bonus
    $0 + $831,282 related
    Other
    $0 + $25,158 related
    Deferred
    $0 + $517,238 related
    Nontaxable benefits
    $0 + $3,650 related
    Filer's total
    $0 + $2,241,099 related
  • Oluwadamilola Adeyemi

    Director

    Total calculated
    $198,594
    From this org
    $155,819
    From related orgs
    $0
    Other
    $42,775
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,646
    Bonus
    $0
    Other
    $1,174
    Deferred
    $7,012
    Nontaxable benefits
    $35,763
    Filer's total
    $198,595
  • Ron Chadha

    Director (left during 2023)

    Total calculated
    $0
    Hours/week
    1
  • Scott Hanson

    Director

    Total calculated
    $0
    Hours/week
    1
  • Scott Stenmark

    Director

    Total calculated
    $0
    Hours/week
    1
  • Vincent DiBenedetto

    Director (left during 2023)

    Total calculated
    $0
    Hours/week
    1
  • Douglas D Welday

    Chief Financial Officer

    Total calculated
    $2,034,913
    From this org
    $0
    From related orgs
    $1,750,748
    Other
    $284,165
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $861,244 related
    Bonus
    $0 + $869,308 related
    Other
    $0 + $20,196 related
    Deferred
    $0 + $257,414 related
    Nontaxable benefits
    $0 + $26,751 related
    Filer's total
    $0 + $2,034,913 related
  • Bruce McNulty

    Chief Medical Officer

    Total calculated
    $876,352
    From this org
    $821,037
    From related orgs
    $0
    Other
    $55,315
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $436,611
    Bonus
    $354,476
    Other
    $29,950
    Deferred
    $14,850
    Nontaxable benefits
    $40,465
    Filer's total
    $876,352
  • Kathryn Donofrio

    Senior VP, CNO

    Total calculated
    $364,080
    From this org
    $325,502
    From related orgs
    $0
    Other
    $38,578
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $257,908
    Bonus
    $59,766
    Other
    $7,829
    Deferred
    $14,648
    Nontaxable benefits
    $23,930
    Filer's total
    $364,080
  • Domenico Vigilante

    Director, Applications

    Total calculated
    $314,780
    From this org
    $272,303
    From related orgs
    $0
    Other
    $42,477
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,849
    Bonus
    $76,497
    Other
    $7,957
    Deferred
    $12,254
    Nontaxable benefits
    $30,223
    Filer's total
    $314,781
  • Karen M Sheehan

    VP, Information Technology

    Total calculated
    $549,227
    From this org
    $524,148
    From related orgs
    $0
    Other
    $25,079
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $76,810
    Bonus
    $67,713
    Other
    $379,625
    Deferred
    $14,850
    Nontaxable benefits
    $10,229
    Filer's total
    $549,227
  • Noly Grace Lagrosa

    RN House Operations Administrator

    Total calculated
    $297,100
    From this org
    $255,218
    From related orgs
    $0
    Other
    $41,882
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,303
    Bonus
    $25,412
    Other
    $4,504
    Deferred
    $11,485
    Nontaxable benefits
    $30,397
    Filer's total
    $297,100
  • Saliba Kokaly

    AVP, Operations

    Total calculated
    $372,620
    From this org
    $320,502
    From related orgs
    $0
    Other
    $52,118
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $252,517
    Bonus
    $59,883
    Other
    $8,102
    Deferred
    $14,423
    Nontaxable benefits
    $37,695
    Filer's total
    $372,619
  • Shameem A Abbasy

    VP, Clinical Quality and Transformation

    Total calculated
    $525,300
    From this org
    $497,078
    From related orgs
    $0
    Other
    $28,222
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $402,450
    Bonus
    $91,406
    Other
    $3,222
    Deferred
    $14,850
    Nontaxable benefits
    $13,372
    Filer's total
    $525,300

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
  • 7 · Other non-fixed payments

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
  • 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
A detailed compensation review of the top executives, including the Chief Executive Officer, is conducted annually. Market data is collected and assessed by an external independent compensation consultant who specializes in compensation consulting within the healthcare industry. The work product from this study is reviewed separately with Endeavor Health legal counsel. Market data for base and variable compensation is assessed annually for integrated delivery systems and academic medical centers that are similar in size and complexity. The market assessment includes assessing job content in order to make appropriate market data comparisons. Specific recommendations are then reviewed, discussed and approved as appropriate with the Endeavor Health Compensation Committee, in session with legal counsel present, in advance of implementation.
Schedule J, Part I, Line 4a Severance or change-of-control payment
The following individual received a severance payment based upon mutually agreed-upon separation agreement entered into with the organization: Karen Sheehan - $300,466
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
The following individuals participated in a supplemental nonqualified retirement plan and below are the increases to the plan balances during 2023: Anthony Guaccio - $34,421 Gerald P Gallagher - $1,707,569 Mahalakshmi Halasyamani - $352,516 Kristen Murtos - $387,232 Douglas D Welday - $77,789 The following individuals received payments from a supplemental nonqualified retirement plan: Anthony Guaccio - $213,960 Karen Sheehan - $26,516
Schedule J, Part I, Line 7 Non-fixed payments
Swedish Covenant Health provides incentive payments to certain employees after operating and performance goals are achieved. Incentive payment plans are reviewed and approved by the Compensation Committee of the Board of Directors.

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

  • TO HELP DEFRAY THE COSTS OF UNCOMPENSATED CARE TO LOWER INCOME AND MEDICALLY UNDERSERVED PATIENTS AT THE HEALTH CENTER.

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
14 November 2024
IRS schema version
2023v5.1
Source object
202413199349316246

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