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← Regional Heart Network

Form 990 for tax year 2022

Filed by Regional Heart Network.

Totals

Total revenue
$61
Total expenses
$23,534
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$61
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$86,463
Net assets or fund balances, end of year
-$86,463
Program services expenses (Part IX)
$23,534
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$23,534

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

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $61 · excluded $61

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $23,450 · program services $23,450 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $84 · program services $84

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $392,106 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $6,094,874 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $86,463

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $6,486,980 · end of year -$86,463

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

THE REGIONAL HEART NETWORK IS A COLLABORATIVE VENTURE OF PROVIDERS DEDICATED TO IMPLEMENTING A SEAMLESS SYSTEM OF CARDIOVASCULAR CARE THROUGHOUT THE REGION. THE REGIONAL HEART NETWORK LINKS HOSPITALS IN NORTHWESTERN PENNSYLVANIA AND WESTERN NEW YORK TO SHARED TECHNOLOGY, TRAINING AND EXPERTISE, ENSURING THE HIGHEST STANDARD OF HEART CARE IS AVAILABLE TO EVERY PATIENT. PATIENTS CONVENIENTLY STAY IN THEIR COMMUNITIES AND RECEIVE THE SAME STATE-OF-THE-ART DIAGNOSTIC SERVICES THAT THEY WOULD AT THE REGION'S HEART CARE LEADER - SAINT VINCENT HEART CENTER. IT IS COLLABORATION AT ITS FINEST, GIVING PATIENTS AND THEIR PHYSICIANS SEAMLESS ACCESS TO THE FINEST CARDIAC SERVICES.

Activities or mission (Part I)

THE REGIONAL HEART NETWORK IS A COLLABORATIVE VENTURE OF PROVIDERS DEDICATED TO IMPLEMENTING A SEAMLESS SYSTEM OF CARDIOVASCULAR CARE THROUGHOUT THE REGION.

  • THE MEMBERS OF REGIONAL HEART NETWORK, ON OCTOBER 31, 2020, ENTERED INTO A DISSOLUTION AND WIND DOWN AGREEMENT. THE ORGANIZATION, ACCORDINGLY, CEASED CONDUCTING ITS PROGRAM SERVICES.

    Expenses $23,534

As filed on the 2022 return.

Listed in Part VII

  • Christopher Clark DO

    PRESIDENT & CHAIRMAN

    Total calculated
    $644,158
    From this org
    $0
    From related orgs
    $615,676
    Other
    $28,482
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $214,366 related
    Bonus
    $0 + $94,395 related
    Other
    $0 + $306,915 related
    Deferred
    $0 + $3,050 related
    Nontaxable benefits
    $0 + $25,432 related
    Filer's total
    $0 + $644,158 related

  • Mary Eckert

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    5

  • Rand Levis

    TREASURER & TRUSTEE

    Total calculated
    $399,831
    From this org
    $0
    From related orgs
    $369,023
    Other
    $30,808
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $318,219 related
    Bonus
    $0 + $40,625 related
    Other
    $0 + $10,179 related
    Deferred
    $0 + $3,050 related
    Nontaxable benefits
    $0 + $27,758 related
    Filer's total
    $0 + $399,831 related

  • John Ferretti DO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Richard Olinger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Lee Clinton

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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 METHODS FOR ESTABLISHING COMPENSATION
THE ORGANIZATION DOES NOT COMPENSATE THE DIRECTORS AND OFFICERS REPORTED ON PART VII OF THE FORM 990. THE COMPENSATION WAS PAID BY A RELATED ORGANIZATION, INCLUDED IN THE HIGHMARK HEALTH INTEGRATED DELIVERY AND FINANCING SYSTEM.

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

9 distributions to recipients named as people, $7,666,269 in total. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349302888

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