Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 3 · Investment income

  total $5,546,030 · excluded $5,546,030

• 7a · Gross sales of assets other than inventory

  securities $118,317,834

• 7b · Less cost or other basis and sales expenses

  securities $115,774,058

• 7c · Gain or loss

  securities $2,543,776

• 7d · Net gain or loss

  total $2,543,776 · excluded $2,543,776

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $3,298,036 · program services $1,164,251 · management and general $2,133,785

• 7 · Other salaries and wages

  total $3,742,546 · program services $2,939,741 · management and general $802,805

• 8 · Pension plan contributions

  total $503,310 · program services $270,715 · management and general $232,595

• 9 · Other employee benefits

  total $287,159 · program services $233,371 · management and general $53,788

• 10 · Payroll taxes

  total $313,735 · program services $208,003 · management and general $105,732

• 11b · Fees: legal

  total $1,246,452 · management and general $1,246,452

• 11c · Fees: accounting

  total $138,621 · program services $138,621

• 11f · Fees: investment management

  total $229,186 · management and general $229,186

• 11g · Fees: other

  total $781,909 · program services $752,795 · management and general $29,114

• 12 · Advertising and promotion

  total $266,659 · program services $266,554 · management and general $105

• 13 · Office expenses

  total $11,716 · program services $9,235 · management and general $2,481

• 14 · Information technology

  total $31,577 · program services $15,333 · management and general $16,244

• 16 · Occupancy

  total $19,273 · program services $14,068 · management and general $5,205

• 17 · Travel

  total $164,883 · program services $147,941 · management and general $16,942

• 19 · Conferences, conventions and meetings

  total $25,605 · program services $21,175 · management and general $4,430

• 22 · Depreciation, depletion and amortization

  total $1,748,795 · program services $3,779 · management and general $1,745,016

• 23 · Insurance

  total $5,587 · program services $1,638 · management and general $3,949

• 24a · Other expenses: FEDERAL, STATE, COUNTY

  total $232,582 · program services $58,147 · management and general $174,435

• 24b · Other expenses: DUES AND SUBSCRIPTIONS

  total $35,520 · program services $22,497 · management and general $13,023

• 24c · Other expenses: OTHER

  total $11,041 · program services $4,851 · management and general $6,190

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year -$62,442 · end of year -$4,348

• 2 · Savings and temporary cash investments

  beginning of year $28,826,677 · end of year $46,885,910

• 4 · Accounts receivable

  beginning of year $8,363,157 · end of year $10,595,437

• 7 · Other notes and loans receivable

  end of year $2,040,404

• 9 · Prepaid expenses and deferred charges

  beginning of year $8,425,216 · end of year $9,422,852

• 11 · Investments: publicly traded securities

  beginning of year $58,511,113 · end of year $57,051,879

• 12 · Investments: other securities

  beginning of year $103,135,721 · end of year $85,801,527

• 14 · Intangible assets

  beginning of year $14,239,537 · end of year $12,477,275

• 15 · Other assets

  beginning of year $15,165,054 · end of year $9,162,888

• 17 · Accounts payable and accrued expenses

  beginning of year $30,738,721 · end of year $35,585,479

• 25 · Other liabilities

  beginning of year $16,355,300 · end of year $10,703,007

• 27 · Net assets without donor restrictions

  beginning of year $189,510,012 · end of year $187,145,338

The filer's explanations (Part III)

PART I, LINE 1A

SCAN GROUP APPROVED AND PAID FOR FIRST CLASS TRAVEL FOR THE CEO UNDER ITS BOARD APPROVED ACCOUNTABLE PLAN. SCAN GROUP'S EMPLOYEE EXPENSE REIMBURSEMENT AND TRAVEL GUIDELINES POLICY (THE POLICY) ALLOWS FOR THE CEO TO FLY FIRST CLASS ON FLIGHTS OVER 4 HOURS. THE POLICY HAS SPECFIC LANGUAGE FOR DEVIATIONS FROM POLICY WHICH REQUIRE A DESCRIPTION OF THE BUSINESS PURPOSE AND OFFICER APPROVAL. SPECIFICALLY FOR THE CEO, DEVIATIONS REQUIRE A DESCRIPTION OF THE BUSINESS PURPOSE AND OFFICER APPROVALS. THE BENEFITS OF FIRSTCLASS TRAVEL WERE NOT TREATED AS TAXABLE COMPENSATION TO THE INDIVIDUAL.

PART I, LINES 4A-B

SCHEDULE J PART I, LINE 4A: DURING 2024, THE EMPLOYMENT RELATIONSHIP OF THE FOLLOWING EMPLOYEES OF SCAN GROUP AND SCAN HEALTH PLAN ENDED. IN CONNECTION WITH THE TERMINATION OF EMPLOYMENT, SCAN GROUP AND SCAN HEALTH PLAN NEGOTIATED AND PAID SEVERANCE TO THE EMPLOYEES. (2024) JILL SELBY - $ 723,194 DEEPA SHETH - $ 802,836 PAYAM PARVINCHIHA, MD $ 359,426 JANET WALKER - $ 277,096 VARUN KUMAR - $ 212,483 SCHEDULE J PART I, LINE 4B: SCAN GROUP AND SCAN HEALTH PLAN PROVIDE A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN TO OFFICERS AND SENIOR VICE PRESIDENTS VIA ITS SECTION 457(F) PLAN. FOR CONTRIBUTIONS MADE PRIOR TO DECEMBER 31, 2017, A PARTICIPANT BECOMES VESTED IN THE 457(F) PLAN UPON COMPLETION OF ONE OF THE CHOSEN VESTING OPTIONS: 1) FIVE YEARS OF SERVICE AND 62 YEARS OF AGE OR 2)10 YEARS OF SERVICE. ON JANUARY 1, 2018, A NEW PLAN WAS ADOPTED, FOR CONTRIBUTIONS MADE ON OR AFTER THAT DATE, A PARTICIPANT BECOMES VESTED IN THE 457(F) PLAN FOLLOWING A 4 YEAR CLASS VESTING CYCLE. SUPPLEMENTAL NON-QUALIFIED PLAN PAYMENTS WERE MADE DURING THE YEAR TO THE FOLLOWING LISTED PERSONS IN PART VII: (2024) SACHIN H. JAIN MD $ 44,060 NANCY MONK - $ 79,984 KWAN-MOON LEUNG - $ 48,938 DEEPA SHETH - $ 33,641 MICHAEL BLEA - $ 35,736 DEFERRED COMPENSATION FOR 2024, REPORTED ON SCHEDULE J, PART II, COLUMN B AND COLUMN C CONSISTS OF THE FOLLOWING: 1) 457(F) EMPLOYER CONTRIBUTIONS ARE SUBJECT TO VESTING TERMS AND CONDITIONS AS NOTED THE PLAN DOCUMENTS. BASED ON THESE VESTING TERMS AND CONDITIONS, THERE IS SUBSTANTIAL RISK OF FORFEITURE. 2) 457(B) IS A DEFERRED COMPENSATION PLAN THAT THE EMPLOYER AND EMPLOYEE CONTRIBUTE TO, UP TO THE SCAN GROUP AND SCAN HEALTH PLAN'S DEFINED AND IRS ANNUAL LIMITS. 3) 401(K) QUALIFIED RETIREMENT PLAN CONTRIBUTIONS (EMPLOYER MATCH AND SAFE HARBOR) UP TO THE IRS ANNUAL LIMITS. 4) SCAN GROUP AND SCAN HEALTH PLAN PROVIDE AN INCENTIVE PLAN TO VICE PRESIDENTS AND ABOVE. THE INCENTIVE PLAN IS BASED ON ORGANIZATION AND INDIVIDUAL PERFORMANCE METRICS. PAYMENTS ARE MADE ON OR AROUND APRIL 1 OF THE SUBSEQUENT CALENDAR YEAR.

PART I, LINE 7

BEGINNING JANUARY 1, 2023, SCAN GROUP AND SCAN HEALTH PLAN PROVIDED A LONG-TERM INCENTIVE PLAN (LTIP) FOR KEY EMPLOYEES OCCUPYING SENIOR VICE PRESIDENT AND ABOVE. THE INCENTIVE PLAN IS GRANTED ANNUALLY BUT IS BASED ON ORGANZATIONAL PERFORMANCE METRICS OVER A THREE YEAR MEASURMENT PERIOD. PAYMENTS ARE MADE ON OR AROUND APRIL 1 OF THE SUBSEQUENT CALENDAR YEAR OF THE PERFORMANCE PERIOD. THE LTIP IS GOVERNED BY THE COMPENSATION COMMITTEE, WHICH HAS THE AUTHORITY TO APPROVE, AMEND OR TERMINATE ANY PROVISION OF THE LTIP, IN WHOLE OR IN PART, AT ANY TIME WITHOUT THE CONSENT OF OR PRIOR NOTICE TO ANY PARTICIPANT. THE COMPENSATION COMMITTEE MUST SUBMIT ITS RECOMMENDATIONS TO THE FULL BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. LTIP PLAN PAYMENTS WERE MADE DURING THE YEAR TO THE FOLLOWING PARTICIPANTS IN PART VII: NANCY MONK $ 164,372 CEO STRATEGIC BONUS PLAN: THE STRATEGIC BONUS IS A LONG-TERM INCENTIVE AWARD OPPORTUNITY THAT MAY BE EARNED BASED ON THE ACHIEVEMENT OF PRE-ESTABLISHED, WRITTEN PERFORMANCE GOALS OVER A TWO-YEAR PERFORMANCE PERIOD, SUBJECT TO A CAP. THE PAYMENT OF THE STRATEGIC INCENTIVE PLAN THAT WAS DEVELOPED FOR THE CEO STRATEGIC BONUS WILL BE CONTINGENT UPON ACHIEVEMENT OF APPLICABLE PERFORMANCE GOALS, CONTINUED EMPLOYMENT THROUGH THE APPLICABLE PAYMENT DATE, AND IS DETERMINED BY THE BOARD OR A SUBCOMMITTEE THEREOF.

FORM 990, PART VII, SECTION A, LINE 5 AND SCHEDULE J:

JILL SELBY RECEIVED COMPENSATION IN THE AMOUNT OF $26,260 PAID OR ACCRUED BY JVS CONSULTING FOR SERVICES RENDERED TO SCAN GROUP.

SCHEDULE J CEO COMPENSATION

IT IS IMPORTANT TO NOTE THAT SCHEDULE J REFLECTS ALL COMPENSATION THAT THE CEO "EARNED" IN 2024, WHICH INCLUDES INCENTIVE PAYMENTS RELATED TO 2024 THAT WILL BE PAID IN SUBSEQUENT YEARS AND UNVESTED RETIREMENT BENEFITS. SCHEDULE J ALSO INCLUDES COMPENSATION THAT THE CEO "EARNED" IN 2023 THAT WAS PAID IN 2024. FOR AVOIDANCE OF CONFUSION, THE CEO WAS PAID $3,970,505 IN 2024 [COLUMNS (B)(I), (B)(II), (B)(III)], OF WHICH $1,328,341 WAS "EARNED" IN 2023 [COLUMN (F)] AND PAID IN 2024. THE CEO'S "EARNED" COMPENSATION FOR 2024 IS EQUAL TO ROUGHLY $4,538,099, WHICH REPRESENTS COLUMN (E) MINUS COLUMN (F), SINCE COLUMN (F) IS COMPENSATION EARNED IN A PREVIOUS YEAR AND INCLUDED IN A PREVIOUS 990.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• PREVENT SOLUTIONS LLC

  HOLDING COMPANY · CA · income -$1,743,617 · assets $12,495,920

  Directly controlled by SCAN GROUP

Related partnerships

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

• RESIDENTIALIST HOUSECALL LLC

  HEALTHCARE · PA

Related corporations and trusts

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

• HEALTHCARE IN ACTION MEDICAL GROUP

  C · HEALTHCARE · CA · controlled entity

• WELCOME HEALTH INC

  C · MANAGEMENT · CA · 100% owned · share of income -$4,152,730 · share of assets $9,789,647 · controlled entity

  Directly controlled by SCAN GROUP

• WELCOME HEALTH MEDICAL GROUP

  C · HEALTHCARE · CA · controlled entity

• WELCOME HEALTH OF CALIFORNIA INC

  C · HEALTHCARE · CA · 100% owned · controlled entity

  Directly controlled by WELCOME HEALTH INC

• THE RESIDENTIALIST GROUP INC

  C · MANAGEMENT · CA · 100% owned · share of income -$6,324,294 · share of assets $8,719,643 · controlled entity

  Directly controlled by SCAN GROUP

• HOUSECALL DOCTORS MEDICAL GROUP INC

  C · HEALTHCARE · CA · controlled entity

• RESIDENTIALIST HOUSECALL MEDICAL GROUP PC

  C · HEALTHCARE · PA · controlled entity

• PROSPER SERVICES LLC

  C · MANAGEMENT · DE · 58.33% owned · share of income -$20,909,582 · share of assets $11,757,897 · controlled entity

  Directly controlled by SCAN GROUP

• MYPLACE GREATER LA PACE INC

  C · HEALTHCARE · CA · 58.33% owned · controlled entity

  Directly controlled by PROSPER SERVICES LLC

• MYPLACE SOUTH LA PACE INC

  C · HEALTHCARE · CA · 58.33% owned · controlled entity

  Directly controlled by PROSPER SERVICES LLC

• MYPLACE CARE PARTNERS PC

  C · HEALTHCARE · CA · controlled entity