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Nonprofiteer
← CAPITAL HEALTH SYSTEM INC

Form 990 for tax year 2024

Filed by CAPITAL HEALTH SYSTEM INC.

Totals

Total revenue
$1,285,510,632
Total expenses
$1,264,239,613
Contributions and grants received
$5,617,261
Grants paid
$24,850
Program service revenue
$1,257,448,160
Investment income
$20,120,244
Other revenue
$2,324,967
Total assets, end of year
$1,102,781,525
Total liabilities, end of year
$928,018,728
Net assets or fund balances, end of year
$174,762,797
Program services expenses (Part IX)
$1,024,034,089
Management and general expenses
$240,205,524
Fundraising expenses
$0
Program service expenses (Part III)
$1,024,034,089

Program services were 81.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • AL MAGHAZEHE PHD FACHE

    DIRECTOR - PRESIDENT/CEO

    Total calculated
    $3,510,693
    From this org
    $3,472,732
    From related orgs
    $0
    Other
    $37,961
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $1,455,734
    Bonus
    $1,951,341
    Other
    $65,657
    Deferred
    $10,018
    Nontaxable benefits
    $27,943
    Filer's total
    $3,510,693

  • SHANE F FLEMING CPA

    SVP, CHIEF FINANCIAL OFFICER

    Total calculated
    $1,902,897
    From this org
    $1,832,478
    From related orgs
    $25,000
    Other
    $45,419
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $796,144
    Bonus
    $665,122
    Other
    $371,212 + $25,000 related
    Deferred
    $7,294
    Nontaxable benefits
    $38,125
    Filer's total
    $1,877,897 + $25,000 related

  • ARLENE WALSH

    CHIEF OPERATIONS OFFICER

    Total calculated
    $1,633,963
    From this org
    $1,592,458
    From related orgs
    $0
    Other
    $41,505
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $695,701
    Bonus
    $662,473
    Other
    $234,284
    Deferred
    $7,259
    Nontaxable benefits
    $34,246
    Filer's total
    $1,633,963

  • JOSHUA A EISENBERG MD

    CHIEF PHYSICIAN EXECUTIVE

    Total calculated
    $1,535,830
    From this org
    $1,506,300
    From related orgs
    $0
    Other
    $29,530
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $849,269
    Bonus
    $625,025
    Other
    $32,006
    Deferred
    $4,237
    Nontaxable benefits
    $25,293
    Filer's total
    $1,535,830

  • EUGENE J MCMAHON MD

    CHIEF MEDICAL OFFICER

    Total calculated
    $1,339,182
    From this org
    $1,302,262
    From related orgs
    $0
    Other
    $36,920
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $546,318
    Bonus
    $496,317
    Other
    $259,627
    Deferred
    $3,300
    Nontaxable benefits
    $33,620
    Filer's total
    $1,339,182

  • SUZANNE B BORGOS

    CHIEF STRATEGY OFFICER

    Total calculated
    $1,339,065
    From this org
    $1,333,528
    From related orgs
    $0
    Other
    $5,537
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $590,249
    Bonus
    $559,897
    Other
    $183,382
    Deferred
    $3,300
    Nontaxable benefits
    $2,237
    Filer's total
    $1,339,065

  • STEPHEN A MILLER JD

    CHIEF LEGAL OFFICER

    Total calculated
    $1,207,327
    From this org
    $1,150,040
    From related orgs
    $25,000
    Other
    $32,287
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $518,274
    Bonus
    $471,295
    Other
    $160,471 + $25,000 related
    Deferred
    $7,250
    Nontaxable benefits
    $25,037
    Filer's total
    $1,182,327 + $25,000 related

  • ROBERT REMSTEIN MD

    VP, ACCOUNT. CARE/PHYSICIAN

    Total calculated
    $1,140,442
    From this org
    $1,122,539
    From related orgs
    $0
    Other
    $17,903
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $561,827
    Bonus
    $529,251
    Other
    $31,461
    Deferred
    $2,997
    Nontaxable benefits
    $14,906
    Filer's total
    $1,140,442

  • PASQUALE LUCIANO DO

    PHYSICIAN

    Total calculated
    $1,136,659
    From this org
    $1,099,047
    From related orgs
    $0
    Other
    $37,612
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $967,919
    Bonus
    $100,000
    Other
    $31,128
    Deferred
    $3,300
    Nontaxable benefits
    $34,312
    Filer's total
    $1,136,659

  • NAVID REDJAL MD

    PHYSICIAN

    Total calculated
    $1,095,172
    From this org
    $1,055,782
    From related orgs
    $0
    Other
    $39,390
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $973,876
    Bonus
    $57,161
    Other
    $24,745
    Deferred
    $3,300
    Nontaxable benefits
    $36,090
    Filer's total
    $1,095,172

  • AUDRA FARISH

    CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $1,088,825
    From this org
    $1,071,652
    From related orgs
    $0
    Other
    $17,173
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $521,971
    Bonus
    $472,867
    Other
    $76,814
    Deferred
    $3,300
    Nontaxable benefits
    $13,873
    Filer's total
    $1,088,825

  • GARY TUMA MD

    PHYSICIAN

    Total calculated
    $1,040,264
    From this org
    $1,002,767
    From related orgs
    $0
    Other
    $37,497
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $934,105
    Bonus
    $63,465
    Other
    $5,197
    Deferred
    $3,300
    Nontaxable benefits
    $34,197
    Filer's total
    $1,040,264

  • THOMAS WESTOVER MD

    PHYSICIAN

    Total calculated
    $1,031,125
    From this org
    $1,003,994
    From related orgs
    $0
    Other
    $27,131
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $760,761
    Bonus
    $236,947
    Other
    $6,286
    Deferred
    $0
    Nontaxable benefits
    $27,131
    Filer's total
    $1,031,125

  • DAVID W DRUCKER MD

    PHYSICIAN

    Total calculated
    $991,072
    From this org
    $950,340
    From related orgs
    $0
    Other
    $40,732
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $692,565
    Bonus
    $251,979
    Other
    $5,796
    Deferred
    $2,757
    Nontaxable benefits
    $37,975
    Filer's total
    $991,072

  • AJAY CHOUDHRI MD

    DIRECTOR

    Total calculated
    $962,473
    From this org
    $919,955
    From related orgs
    $0
    Other
    $42,518
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $772,459
    Bonus
    $145,463
    Other
    $2,033
    Deferred
    $3,300
    Nontaxable benefits
    $39,218
    Filer's total
    $962,473

  • RAVIKANTH KOGANTI

    CHIEF INFORMATION OFFICER

    Total calculated
    $899,725
    From this org
    $862,038
    From related orgs
    $0
    Other
    $37,687
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $425,220
    Bonus
    $401,720
    Other
    $35,098
    Deferred
    $3,300
    Nontaxable benefits
    $34,387
    Filer's total
    $899,725

  • DEBORAH VISCONTI

    SVP, FINANCIAL OPERATIONS

    Total calculated
    $890,424
    From this org
    $850,525
    From related orgs
    $0
    Other
    $39,899
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $409,056
    Bonus
    $381,653
    Other
    $59,816
    Deferred
    $3,300
    Nontaxable benefits
    $36,599
    Filer's total
    $890,424

  • DEBORAH MICAN

    CHIEF NURSING OFFICER

    Total calculated
    $829,175
    From this org
    $800,913
    From related orgs
    $0
    Other
    $28,262
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $391,015
    Bonus
    $368,130
    Other
    $41,768
    Deferred
    $3,300
    Nontaxable benefits
    $24,962
    Filer's total
    $829,175

  • ARMEN SIMONIAN MD

    DIRECTOR

    Total calculated
    $783,985
    From this org
    $752,450
    From related orgs
    $0
    Other
    $31,535
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $712,942
    Bonus
    $10,392
    Other
    $29,116
    Deferred
    $0
    Nontaxable benefits
    $31,535
    Filer's total
    $783,985

  • GARY BROWN DO FAPA

    DIRECTOR - PRES MED STAFF

    Total calculated
    $671,878
    From this org
    $627,701
    From related orgs
    $0
    Other
    $44,177
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $610,776
    Bonus
    $0
    Other
    $16,925
    Deferred
    $7,192
    Nontaxable benefits
    $36,985
    Filer's total
    $671,878

  • RANDI A AXELROD MD

    SECRETARY - DIRECTOR

    Total calculated
    $90,000
    From this org
    $90,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • SEAN S MURRAY

    CHAIR - DIRECTOR

    Total calculated
    $25,000
    From this org
    $0
    From related orgs
    $25,000
    Other
    $0
    Hours/week
    5

  • JOSHUA MARKOWITZ ESQ

    VICE CHAIR - DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • DONALD J LOFF

    TREASURER - DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • BRIAN S BENNETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TELECHERY A SUDHAKAR MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • COLLEEN WOODS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I; QUESTION 3
THE ORGANIZATION'S BOARD OF DIRECTORS HAS A BOARD COMPENSATION COMMITTEE ("COMMITTEE"). THE COMMITTEE HAS ADOPTED A WRITTEN EXECUTIVE COMPENSATION PHILOSOPHY WHICH IT FOLLOWS WHEN IT REVIEWS AND APPROVES OF THE COMPENSATION AND BENEFITS OF ALL OF THE ORGANIZATION'S SENIOR MANAGEMENT AND OTHERS, INCLUDING THE CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER AND OTHER OFFICERS OF THE ORGANIZATION, PHYSICIANS, AND ANY OTHER DISQUALIFIED PERSONS. IT ALSO REVIEWS AND APPROVES EMPLOYMENT AGREEMENTS FOR THE COVERED EMPLOYEES AND DISQUALIFIED PERSONS. THE COMMITTEE REVIEWS THE "TOTAL COMPENSATION" OF THE INDIVIDUALS WHICH IS INTENDED TO INCLUDE BOTH CURRENT AND DEFERRED COMPENSATION AND ALL EMPLOYEE BENEFITS, BOTH QUALIFIED AND NON-QUALIFIED. THE COMMITTEE'S REVIEW IS DONE ON AT LEAST AN ANNUAL BASIS AND ENSURES THAT THE "TOTAL COMPENSATION" OF EACH SUCH INDIVIDUAL IS REASONABLE. THE ACTIONS TAKEN BY THE COMMITTEE ARE INTENDED FOR THE ORGANIZATION TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS FOR PURPOSES OF INTERNAL REVENUE CODE SECTION 4958 WITH RESPECT TO THE TOTAL COMPENSATION OF THE SENIOR MANAGEMENT TEAM. REBUTTAL PRESUMPTION REQUIREMENTS HAVE GUIDED THE ACTIVITIES OF THE COMMITTEE IN ALL OF ITS REVIEWS, DELIBERATIONS AND APPROVAL OF EXECUTIVE COMPENSATION ACTIONS FOR ALL OF THE COVERED EMPLOYEES AND DISQUALIFIED PERSONS. THE THREE FACTORS WHICH MUST BE SATISFIED IN ORDER TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS ARE THE FOLLOWING: 1. THE COMPENSATION ARRANGEMENT IS APPROVED IN ADVANCE BY AN "AUTHORIZED BODY" OF THE APPLICABLE TAX-EXEMPT ORGANIZATION WHICH IS COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A "CONFLICT OF INTEREST" WITH RESPECT TO THE COMPENSATION ARRANGEMENT; 2. THE AUTHORIZED BODY OBTAINED AND RELIED UPON "APPROPRIATE DATA AS TO COMPARABILITY" PRIOR TO MAKING ITS DETERMINATION; AND 3. THE AUTHORIZED BODY "ADEQUATELY DOCUMENTED THE BASIS FOR ITS DETERMINATION" CONCURRENTLY WITH MAKING THAT DETERMINATION. THE COMMITTEE IS COMPRISED OF MEMBERS OF THE BOARD OF DIRECTORS EACH OF WHOM IS INDEPENDENT AND ARE FREE FROM ANY CONFLICTS OF INTEREST. THE COMMITTEE RELIED UPON COMPARABILITY MARKET DATA PROVIDED BY ITS INDEPENDENT COMPENSATION CONSULTANT FROM COMPARABLE HEALTHCARE AND HOSPITAL PEERS BASED ON TAX-EXEMPT STATUS, REVENUE, LOCATION, SERVICES, AND OTHER FACTORS TO ENSURE THE EXECUTIVES' COMPENSATION IS REPRESENTATIVE OF THE EXECUTIVE TALENT MARKET AND COMPARED TO WHAT IS "ORDINARILY PAID FOR LIKE SERVICES BY LIKE ENTERPRISES UNDER LIKE CIRCUMSTANCES" AS REFERENCED UNDER IRS REGULATIONS. CONTEMPORANEOUS MINUTES ARE COMPILED AND APPROVED FOR ALL COMMITTEE DELIBERATIONS. THESE ARE SUPPORTED BY THE WRITTEN DOCUMENTATION OF ALL PEER AND MARKET COMPENSATION STUDIES, AS WELL AS DETAILED PERFORMANCE JUSTIFICATION USED AS THE BASIS FOR AWARDS UNDER THE ORGANIZATION'S INCENTIVE PROGRAMS. RECOGNIZING THE NEED TO CONSIDER RETIREMENT PLANNING FOR ITS SENIOR MANAGEMENT AS A MEANS TO AID IN THEIR RETENTION, THE COMMITTEE MAINTAINS A FORM OF LONG-TERM NON-QUALIFIED DEFERRED COMPENSATION (REFERRED TO AS THE "PERFORMANCE-BASED CAPITAL ACCUMULATION PLAN", OR "PBCAP"), WHICH IS PART OF THE CAPITAL HEALTH SYSTEM NON-QUALIFIED 457(F) DEFERRED COMPENSATION PLAN. PBCAP PROVIDES THE ORGANIZATION WITH AN ADDITIONAL TOOL TO ASSIST IN THE RECRUITMENT AND RETENTION OF SENIOR MANAGEMENT WITHIN THE HIGHLY COMPETITIVE HEALTHCARE LABOR MARKET. PBCAP PROVIDES SENIOR MANAGEMENT WITH THE OPPORTUNITY TO QUALIFY FOR ANNUAL DEFERRED CONTRIBUTIONS, BASED ON ACHIEVING SPECIFIED PERFORMANCE TARGETS AND MEETING ESTABLISHED CIRCUIT BREAKERS, TO BE PAID AT A FUTURE PRE-DETERMINED DATE CONTINGENT UPON CONTINUED SERVICE WITH THE ORGANIZATION. THE COMPENSATION AND BENEFITS OF CERTAIN OTHER INDIVIDUALS CONTAINED IN THIS FORM 990 ARE REVIEWED ANNUALLY BY THE PRESIDENT/CHIEF EXECUTIVE OFFICER WITH ASSISTANCE FROM ORGANIZATION'S HUMAN RESOURCES DEPARTMENT AND INDEPENDENT COMPENSATION CONSULTANTS IN CONJUNCTION WITH THE INDIVIDUAL'S JOB PERFORMANCE DURING THE YEAR, AND IS BASED UPON OTHER OBJECTIVE FACTORS DESIGNED TO ENSURE THAT REASONABLE AND FAIR MARKET VALUE COMPENSATION IS PAID BY THE ORGANIZATION. OTHER OBJECTIVE FACTORS INCLUDE MARKET SURVEY DATA FOR COMPARABLE POSITIONS, INDIVIDUAL GOALS AND OBJECTIVES, PERSONNEL REVIEWS, EVALUATIONS, SELF-EVALUATIONS AND PERFORMANCE FEEDBACK MEETINGS.
SCHEDULE J, PART I; QUESTION 4B
The organization maintains the Capital Health System Non-Qualified 457(f) Deferred Compensation Plan (the "457(f) Plan"), which is a nonqualified deferred compensation plan that satisfies the requirements of section 457(f) of the Internal Revenue Code. The following individuals participated in the 457(f) Plan and received a payment in 2024 that was no longer subject to a substantial risk of forfeiture - Shane F. Fleming, CPA, $355,654; Arlene Walsh, $194,739; Eugene j. McMahon, m.d., $217,984; Suzanne B. Borgos, $146,736; Stephen A. Miller, JD, $147,13; Audra Farish, $67,204 and Deborah Visconti, $52,890. These amounts are reflected in Schedule J, Part II, Column (B)(iii) and were reported on each individual's 2024 Form W-2, Box 5 as taxable Medicare wages. THE ORGANIZATION MAINTAINS THE CAPITAL HEALTH SYSTEM NON-QUALIFIED 457(F) DEFERRED COMPENSATION PLAN (THE "457(F) PLAN"), WHICH IS A NONQUALIFIED DEFERRED COMPENSATION PLAN THAT SATISFIES THE REQUIREMENTS OF SECTION 457(F) OF THE INTERNAL REVENUE CODE. THE FOLLOWING INDIVIDUALS PARTICIPATED IN THE 457(F) PLAN AND ACCRUED ADDITIONAL DEFERRED COMPENSATION IN 2024 THAT IS SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE - SHANE F. FLEMING, CPA, $184,551; ARLENE WALSH, $117,200; EUGENE J. MCMAHON, M.D., $87,890; SUZANNE B. BORGOS, $89,808; STEPHEN A. MILLER, JD, $90,200; AUDRA FARISH, $72,401; RAVIKANTH KOGANTI, $65,520; DEBORAH VISCONTI, $59,603 AND DEBORAH MICAN, $63,539. THESE INDIVIDUALS MAY NEVER ACTUALLY RECEIVE THESE UNVESTED AMOUNTS. ACCORDINGLY, THESE UNVESTED AMOUNTS HAVE NOT BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (C) AND WERE NOT REPORTED ON EACH INDIVIDUAL'S 2024 FORM W-2, BOX 5 AS TAXABLE MEDICARE WAGES.
SCHEDULE J, PART I; QUESTION 7
CERTAIN INDIVIDUALS LISTED IN PART VII, SECTION A, LINE 1A RECEIVED INCENTIVE AWARDS DURING CALENDAR YEAR 2024, WHICH INCENTIVE AWARDS ARE REFLECTED IN SCHEDULE J, PART II, COLUMN B(II) AND WERE REPORTED ON EACH SUCH INDIVIDUAL'S 2024 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. THESE INCENTIVE AWARDS WERE PAID UNDER THE CAPITAL HEALTH INCENTIVE COMPENSATION PLAN ("ICP"), APPROVED BY THE BOARD COMPENSATION COMMITTEE, AND BASED ON ACHIEVEMENT OF PRE-ESTABLISHED SYSTEM-WIDE PERFORMANCE CRITERIA AND METRICS, AS WELL AS MEETING OR EXCEEDING SPECIFIC PERFORMANCE ON "CIRCUIT BREAKERS." THE ICP PROVIDES ELIGIBLE EXECUTIVES WITH THE OPPORTUNITY TO EARN PERFORMANCE BASED COMPENSATION AND IS AN INTEGRAL COMPONENT OF THE ORGANIZATION'S EXECUTIVE COMPENSATION PACKAGE. THE BOARD COMPENSATION COMMITTEE USES THE ICP AS A MECHANISM TO REWARD PERFORMANCE AGAINST ESTABLISHED KEY PERFORMANCE REQUIREMENTS. THE GOALS COVER FINANCIAL AND OPERATIONAL METRICS AND ARE DEFINED EACH YEAR, BASED ON THE DESIRED CONCENTRATION REQUIRED BY THE BOARD COMPENSATION COMMITTEE. THE BOARD COMPENSATION COMMITTEE UNDERTAKES A MID-YEAR REVIEW OF PERFORMANCE TOWARDS ACHIEVEMENT OF EACH GOAL, WHICH ALLOWS THE BOARD COMPENSATION COMMITTEE TO MONITOR HOW KEY PROJECTS ARE BEING HANDLED AND TO MAKE ADJUSTMENTS, IF NECESSARY. PLEASE REFER TO SCHEDULE J, PART II, COLUMN B(II) FOR THIS INFORMATION BY PERSON AND BY AMOUNT.

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.

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.

Disregarded entities

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202523189349311227

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