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Nonprofiteer
← CORE PHYSICIANS LLC

Form 990 for tax year 2022

Filed by CORE PHYSICIANS LLC.

Totals

Total revenue
$94,896,046
Total expenses
$134,581,826
Contributions and grants received
$8,330
Grants paid
$14,500
Program service revenue
$94,874,801
Investment income
$12,915
Other revenue
$0
Total assets, end of year
$35,503,874
Total liabilities, end of year
$37,450,393
Net assets or fund balances, end of year
-$1,946,519
Program services expenses (Part IX)
$111,048,005
Management and general expenses
$23,533,821
Fundraising expenses
$0
Program service expenses (Part III)
$111,048,005

Program services were 82.5% 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.

  • 1f · All other contributions, gifts and grants

    $8,330

  • 2a · Program service revenue: Patient services

    total $78,805,840 · related or exempt $78,805,840

  • 2b · Program service revenue: Other operating income

    total $11,184,705 · related or exempt $11,184,705

  • 2c · Program service revenue: Managed care fees

    total $3,856,599 · related or exempt $3,856,599

  • 2d · Program service revenue: Medical director fees

    total $1,027,657 · related or exempt $871,156 · unrelated business $156,501

  • 3 · Investment income

    total $12,915 · excluded $12,915

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $14,500 · program services $14,500

  • 5 · Compensation of officers, directors and key employees

    total $3,677,200 · program services $3,147,618 · management and general $529,582

  • 7 · Other salaries and wages

    total $77,075,746 · program services $65,975,477 · management and general $11,100,269

  • 8 · Pension plan contributions

    total $1,331,886 · program services $1,140,071 · management and general $191,815

  • 9 · Other employee benefits

    total $7,737,808 · program services $6,623,427 · management and general $1,114,381

  • 10 · Payroll taxes

    total $4,603,419 · program services $3,940,445 · management and general $662,974

  • 11a · Fees: management

    total $4,859,044 · management and general $4,859,044

  • 11b · Fees: legal

    total $13,848 · management and general $13,848

  • 11g · Fees: other

    total $15,995,830 · program services $13,692,147 · management and general $2,303,683

  • 12 · Advertising and promotion

    total $129,564 · program services $128,268 · management and general $1,296

  • 13 · Office expenses

    total $1,219,184 · program services $1,043,600 · management and general $175,584

  • 14 · Information technology

    total $210,929 · program services $180,551 · management and general $30,378

  • 16 · Occupancy

    total $6,912,814 · program services $5,917,246 · management and general $995,568

  • 17 · Travel

    total $229,696 · program services $196,616 · management and general $33,080

  • 22 · Depreciation, depletion and amortization

    total $939,225 · program services $803,960 · management and general $135,265

  • 23 · Insurance

    total $3,152,103 · program services $2,698,144 · management and general $453,959

  • 24a · Other expenses: Supplies

    total $6,479,030 · program services $5,545,935 · management and general $933,095

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $251,787 · end of year $391,254

  • 4 · Accounts receivable

    beginning of year $7,260,200 · end of year $8,362,461

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,206,739 · end of year $1,946,102

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

    $2,792,679

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

    $224,539

  • 10c · Land, buildings and equipment, net

    beginning of year $3,517,749 · end of year $2,568,140

  • 14 · Intangible assets

    beginning of year $358,066 · end of year $16,673,829

  • 15 · Other assets

    beginning of year $4,556,319 · end of year $5,562,088

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,266,235 · end of year $12,404,310

  • 25 · Other liabilities

    beginning of year $7,719,469 · end of year $25,046,083

  • 27 · Net assets without donor restrictions

    beginning of year -$3,961,494 · end of year -$2,061,102

  • 28 · Net assets with donor restrictions

    beginning of year $126,650 · end of year $114,583

Mission and programs · 2022

Mission

The mission of Core Physicians is to improve the health of the community. This mission is principally accomplished through the provision of health services and information to the community within the resources available. (Continued on Schedule O)As a multi-specialty group practice Core Physicians provides community access to primary care physicians, specialty physician services, pediatric dental services, office based laboratory service, as well as contracted physicians to support Exeter Hospital's 24/7 intensivist's coverage program in its ICU, and inpatient hospitalist program. Core Physicians supports access to its physicians and medical services through a robust financial assistance program that underwrites 100% of the cost of medical care provided by its physicians based on family size and income for residents of our service area.

Activities or mission (Part I)

The mission of Core Physicians is to improve the health of the community. (Continued on Schedule O) This mission is principally accomplished through the provision of health services and information to the community within the resources available. As a multi-specialty group practice Core Physicians provides community access to primary care physicians, specialty physician services, pediatric dental services, office based laboratory service, as well as contracted physicians to support Exeter Hospital's 24/7 intensivist's coverage program in its ICU, and inpatient hospitalist program. Core Physicians supports access to its physicians and medical services through a robust financial assistance program that underwrites 100% of the cost of medical care provided by its physicians based on family size and income for residents of our service area.

  • Core Physicians provides access to primary care services to more than 70,000 seacoast area residents of all ages, and all demographic and socio-economic backgrounds regardless of their ability to pay. Core Physicians has over 190 providers located in 35 locations across the seacoast. In 2023 Core Physicians supported its mission by providing $3,695,794 in community outreach, benefits and financial support to the community excluding $36,601,075 in uncovered Medicare and Medicaid expenses. Core Physician's primary care services are broken down into three specialties including Pediatrics, Family Practice and Internal Medicine. All Core Physicians primary care practices have received national recognition for its pioneering work in the development of the Patient Centered Medical Home model. (Continued on Schedule O)Core Physicians financial assistance program is available to all individuals who meet the financial eligibility requirements and who live within Core Physicians' specified service area for medically necessary services. In 2023, Core Physicians incurred $51,097 in costs to provide charity care to eligible patients.In order to support the more complex medical needs of our primary care patients and those of unaffiliated patients from across our service area, Core Physicians provides a full range of medical and surgical specialties. Our areas of specialization include the following: Diabetes; Plastic Surgery; General Surgery; Orthopedic Surgery; Vascular Surgery; Neurology; Physiatry; Podiatry; Gastroenterology; Rheumatology; Urology; Women's Health; Medical & Invasive Cardiology; Pulmonology/Critical Care; Allergy; Sleep Medicine; Acupuncture; Infectious Disease; Comprehensive Otolaryngology & Audiology; Endocrinology; Wound Care; LGBTQ Health; and Psychiatry.Our specialty services continue to expand in order to reflect the changing and growing healthcare needs of our community. Core Physicians specialists are board certified. Core Physicians financial assistance program also extends to cover medically necessary specialist professional services for individuals who meet our eligibility requirements.The dental program which is currently part of Core Physicians was originally initiated as a separate affiliated entity in response to a documented gap in the community related to the availability of dental services for children either without insurance or on Medicaid. The dental program is one of several "mission based" specialty medical services Core Physicians provides in the greater Seacoast community. Currently Core Physicians has three dentists and eight dental hygienists who provide dental care. In addition to Core Physicians' program service accomplishments described above, and as noted further below, the Beth Israel Lahey Health (BILH) network engaged in significant activities focused on expanding access to care and services, including underserved patient populations in order to reduce health inequities. There was also a strong focus on continuing to provide high quality care at a lower cost, when appropriate. BILH continues to focus on the behavioral health care needs of its communities as well. BILH Network Accomplishments and Activities - Fiscal Year Ended September 30, 2023Throughout the period covered by this filing, Beth Israel Lahey Health ("BILH") and its affiliates focused on expanding access and services, including to underserved patient populations in order to reduce health inequities. In addition, there was a strong focus on continuing to provide high quality care at a lower cost, when appropriate, as demonstrated by BILH's efforts to leverage community settings, keep care within the BILH Performance Network ("BILHPN"), and allow patients to receive care in their homes. The following highlights specific efforts during the period covered by this filing:Access & Expansion to Pharmacy Services - BILH Pharmacy has continued to expand its contractual relationships, allowing more patients to utilize its pharmacy for their prescriptions. In FY 2023, BILH Pharmacy successfully negotiated access to the Point32Health specialty pharmacy network as well as the WellSense Medicaid Accountable Care Organization ("ACO") plan. Examples of BILH Pharmacy's other efforts to expand patient access to medications include: - Enhanced medication authorization and access services to help patients obtain necessary insurance authorizations and find co-pay assistance, - Expanded the medication refill center to assist patients and providers in expediting medication renewals and ensuring prescribed medication and dosage are still appropriate, - Extended patient co-pay assistance programs to the Joslin Adult Diabetes clinic and Northeast Hospital Corporation patients, and - Expanded clinical pharmacy services in ambulatory clinics to help manage and optimize patients' complex medication therapies. - BILH Pharmacy also expanded its clinical pharmacy presence in clinics to reduce the health equity gap in the use of highly impactful medications to treat patients with diabetes and atherosclerotic cardiovascular diseases by improving their blood pressure and hemoglobin A1C. Interventions centered around prescribing evidence-based medications, educating patients about their conditions, and ensuring access to medication. Initial results have demonstrated an increase in the use of GLP-1 agonists and SGLT-2 inhibitors by 32% in Black and Hispanic populations, an average reduction in hemoglobin A1c of 0.8, and a decrease of systolic and diastolic blood pressures of 7mmHg and 2mmHg respectively.Improvement in Lab Services - BILH optimized the transportation routes of collected laboratory specimens to testing laboratories, ensuring high standards for turnaround times and maximum efficiency. This is foundational to the system's ability to consolidate testing, expand access to in-network laboratory services which in turn generally reduces cost, and support the provision of high-quality care and the clinician and patient experience. - Focus remained strong in developing physician practice delivery models and re-opening patient service centers. These efforts enhance community providers' ability to use BILH labs and increase patient access to BILH labs.Leveraging In-Network Care - BILH operates a Transfer Center that facilitates patient access to the appropriate placement of patient transfers. With the creation of the Transfer Center, BILH has been able to retain patients who might otherwise have gone outside of the system. By expanding its focus to community hospitals, BILH has enhanced its ability to place patients, including at locations potentially closer to the patients' homes. - BILHPN operates a centralized referral management program that focuses on patients seeking out-of-network specialty care and redirecting them to in-network specialty care, when clinically appropriate. Throughout FY 2023, BILHPN redirected well over one thousand patient visits. In most cases, care retained within BILH resulted in enhanced care coordination at a lower cost of care.Enabling Patients to Receive Care at Home - BILH launched its Hospital at Home program in FY 2023, starting with Lahey Clinic Hospital d/b/a Lahey Hospital & Medical Center. This has allowed eligible patients to be offered care in the setting most comfortable for them - their homes - while also customizing care plans and improving patients' mobility even while they are acutely ill. - In FY 2023, BILHPN put programs in place to manage length of stay at skilled nursing facilities ("SNFs"), reduce readmissions, and discharge medically appropriate patients directly to their homes with homecare services instead of to a SNF, provided patients are medically stable to return home after an acute care stay and will likely have better outcomes and lower cost of care.Behavioral Health - In FY 2023, BILH Behavioral Services launched its Community Behavioral Health Center ("CBHC") in Lawrence, Massachusetts, consolidating outpatient, mobile crisis intervention, and adult community crisis stabilization services. The establishment of the CBHC is a part of the Commonwealth's Executive Office of Health and Human Services Roadmap for Behavioral Health Reform. - In addition, as part of the Roadmap for Behavioral Health Reform, BILH launched an Emergency Services Redesign that shifts emergency evaluations out of the Emergency Department ("ED"). BILH Behavioral Services also expanded its ED integration efforts to a total of six EDs, including Addison Gilbert Hospital, Anna Jaques Hospital, Beverly Hospital, Lahey Medical Center-Peabody, Beth Israel Deaconess Hospital-Milton, and Winchester Hospital.(Continued later on this Schedule O)

    Expenses $111,048,005 · Grants $14,500 · Revenue $94,718,300

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Buono MD

    Trustee/Clinician Manager(end 11/22)

    Total calculated
    $339,411
    From this org
    $291,379
    From related orgs
    $0
    Other
    $48,032
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $263,858
    Bonus
    $27,009
    Other
    $512
    Deferred
    $5,582
    Nontaxable benefits
    $42,450
    Filer's total
    $339,411

  • Kevin J Callahan

    Trustee, System Manager (end 7/23)

    Total calculated
    $1,485,128
    From this org
    $0
    From related orgs
    $1,451,111
    Other
    $34,017
    Hours/week
    1 + 57 related

    Schedule J breakdown matched by us

    Base
    $0 + $717,155 related
    Bonus
    $0 + $751,685 related
    Other
    $0 + -$17,729 related
    Deferred
    $0 + $6,100 related
    Nontaxable benefits
    $0 + $27,917 related
    Filer's total
    $0 + $1,485,128 related

  • Apara Dave MD

    Trustee, Clinician Manager

    Total calculated
    $371,132
    From this org
    $324,803
    From related orgs
    $0
    Other
    $46,329
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $297,281
    Bonus
    $25,949
    Other
    $1,573
    Deferred
    $5,582
    Nontaxable benefits
    $40,747
    Filer's total
    $371,132

  • Kathleen Farrell MD

    Trustee, Clinician Manager

    Total calculated
    $337,449
    From this org
    $324,899
    From related orgs
    $0
    Other
    $12,550
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $298,337
    Bonus
    $26,318
    Other
    $244
    Deferred
    $0
    Nontaxable benefits
    $12,550
    Filer's total
    $337,449

  • Robert Kelly MD

    Trustee, Clinician Manager

    Total calculated
    $346,441
    From this org
    $295,903
    From related orgs
    $0
    Other
    $50,538
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $284,548
    Bonus
    $11,167
    Other
    $188
    Deferred
    $5,800
    Nontaxable benefits
    $44,738
    Filer's total
    $346,441

  • Melanie Lanier DO

    Pres/Ttee (Ex-Off)/Clinician Manager

    Total calculated
    $721,628
    From this org
    $0
    From related orgs
    $675,769
    Other
    $45,859
    Hours/week
    1 + 57 related

    Schedule J breakdown matched by us

    Base
    $0 + $415,935 related
    Bonus
    $0 + $222,655 related
    Other
    $0 + $37,179 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $30,609 related
    Filer's total
    $0 + $721,628 related

  • Roderick McKee MD

    Trustee, Clinician Manager

    Total calculated
    $596,374
    From this org
    $548,173
    From related orgs
    $0
    Other
    $48,201
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $501,876
    Bonus
    $40,663
    Other
    $5,634
    Deferred
    $5,800
    Nontaxable benefits
    $42,401
    Filer's total
    $596,374

  • Michael Pangan MD

    Trustee, Clinician Manager

    Total calculated
    $369,210
    From this org
    $321,078
    From related orgs
    $0
    Other
    $48,132
    Hours/week
    55 + 3 related

    Schedule J breakdown matched by us

    Base
    $255,790
    Bonus
    $64,449
    Other
    $839
    Deferred
    $5,800
    Nontaxable benefits
    $42,332
    Filer's total
    $369,210

  • Jessica Peelman MD

    Trustee, Clinician Manager

    Total calculated
    $801,337
    From this org
    $752,906
    From related orgs
    $0
    Other
    $48,431
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $653,875
    Bonus
    $98,611
    Other
    $420
    Deferred
    $5,800
    Nontaxable benefits
    $42,631
    Filer's total
    $801,337

  • Brian Porter MD

    Trustee, Clinician Manager

    Total calculated
    $515,846
    From this org
    $470,395
    From related orgs
    $0
    Other
    $45,451
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $463,524
    Bonus
    $11,518
    Other
    -$4,647
    Deferred
    $5,800
    Nontaxable benefits
    $39,651
    Filer's total
    $515,846

  • Michael Schaffer MD

    Ttee (ExOff), Clinician Manager; CMO

    Total calculated
    $592,063
    From this org
    $0
    From related orgs
    $528,432
    Other
    $63,631
    Hours/week
    1 + 57 related

    Schedule J breakdown matched by us

    Base
    $0 + $355,427 related
    Bonus
    $0 + $165,614 related
    Other
    $0 + $7,391 related
    Deferred
    $0 + $21,050 related
    Nontaxable benefits
    $0 + $42,581 related
    Filer's total
    $0 + $592,063 related

  • S Michael Abramson Esq

    Asst Clerk (Ex-Off)/Assc Gen Counsel

    Total calculated
    $208,939
    From this org
    $0
    From related orgs
    $176,425
    Other
    $32,514
    Hours/week
    1 + 57 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,687 related
    Bonus
    $0
    Other
    $0 + $3,738 related
    Deferred
    $0 + $3,926 related
    Nontaxable benefits
    $0 + $28,588 related
    Filer's total
    $0 + $208,939 related

  • Allison J Casassa

    CFO (end 7/23); Asst Treas (Ex-Off)

    Total calculated
    $582,346
    From this org
    $0
    From related orgs
    $563,746
    Other
    $18,600
    Hours/week
    1 + 57 related

    Schedule J breakdown matched by us

    Base
    $0 + $386,121 related
    Bonus
    $0 + $169,152 related
    Other
    $0 + $8,473 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $3,350 related
    Filer's total
    $0 + $582,346 related

  • Debra Cresta

    System Manager

    Total calculated
    $735,056
    From this org
    $0
    From related orgs
    $703,865
    Other
    $31,191
    Hours/week
    1 + 57 related

    Schedule J breakdown matched by us

    Base
    $0 + $452,659 related
    Bonus
    $0 + $253,374 related
    Other
    $0 + -$2,168 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $15,941 related
    Filer's total
    $0 + $735,056 related

  • Jamie Katz Esq

    Clerk (Ex-Officio), BILH Gen Counsel

    Total calculated
    $914,057
    From this org
    $0
    From related orgs
    $898,193
    Other
    $15,864
    Hours/week
    1 + 57 related

    Schedule J breakdown matched by us

    Base
    $0 + $794,826 related
    Bonus
    $0
    Other
    $0 + $103,367 related
    Deferred
    $0 + $7,320 related
    Nontaxable benefits
    $0 + $8,544 related
    Filer's total
    $0 + $914,057 related

  • Cindy Rios

    Treasurer (Ex-Off), BILH Int CFO

    Total calculated
    $1,022,982
    From this org
    $0
    From related orgs
    $802,046
    Other
    $220,936
    Hours/week
    1 + 57 related

    Schedule J breakdown matched by us

    Base
    $0 + $574,544 related
    Bonus
    $0 + $174,475 related
    Other
    $0 + $53,027 related
    Deferred
    $0 + $188,510 related
    Nontaxable benefits
    $0 + $32,426 related
    Filer's total
    $0 + $1,022,982 related

  • Constance D Sprauer Esq

    Secretary

    Total calculated
    $349,500
    From this org
    $0
    From related orgs
    $319,692
    Other
    $29,808
    Hours/week
    1 + 57 related

    Schedule J breakdown matched by us

    Base
    $0 + $318,590 related
    Bonus
    $0 + $134,589 related
    Other
    $0 + -$133,487 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $14,558 related
    Filer's total
    $0 + $349,500 related

  • Sandra Cassetta

    VP, Finance & Physician Comp

    Total calculated
    $465,998
    From this org
    $0
    From related orgs
    $408,445
    Other
    $57,553
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $262,230 related
    Bonus
    $0 + $145,141 related
    Other
    $0 + $1,074 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $42,303 related
    Filer's total
    $0 + $465,998 related

  • Margaret Luna

    VP, Human Resources

    Total calculated
    $368,476
    From this org
    $0
    From related orgs
    $368,476
    Other
    $0
    Hours/week
    11 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $368,476 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $368,476 related

  • Chris Callahan

    VP, Human Resources

    Total calculated
    $173,962
    From this org
    $0
    From related orgs
    $158,877
    Other
    $15,085
    Hours/week
    11 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $54,018 related
    Bonus
    $0 + $79,866 related
    Other
    $0 + $24,993 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $15,085 related
    Filer's total
    $0 + $173,962 related

  • Avnish Clerk

    Physician

    Total calculated
    $1,284,771
    From this org
    $1,234,170
    From related orgs
    $0
    Other
    $50,601
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $722,494
    Bonus
    $509,234
    Other
    $2,442
    Deferred
    $5,800
    Nontaxable benefits
    $44,801
    Filer's total
    $1,284,771

  • Aaron Colman

    Physician

    Total calculated
    $866,034
    From this org
    $820,583
    From related orgs
    $0
    Other
    $45,451
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $750,519
    Bonus
    $98,611
    Other
    -$28,547
    Deferred
    $5,800
    Nontaxable benefits
    $39,651
    Filer's total
    $866,034

  • E William Johnson

    Physician

    Total calculated
    $893,942
    From this org
    $845,511
    From related orgs
    $0
    Other
    $48,431
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $551,187
    Bonus
    $297,798
    Other
    -$3,474
    Deferred
    $5,800
    Nontaxable benefits
    $42,631
    Filer's total
    $893,942

  • Kimberly Marble

    Physician

    Total calculated
    $912,921
    From this org
    $864,720
    From related orgs
    $0
    Other
    $48,201
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $587,851
    Bonus
    $274,713
    Other
    $2,156
    Deferred
    $5,800
    Nontaxable benefits
    $42,401
    Filer's total
    $912,921

  • Thomas McGovern

    Physician

    Total calculated
    $955,029
    From this org
    $921,312
    From related orgs
    $0
    Other
    $33,717
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $752,708
    Bonus
    $201,792
    Other
    -$33,188
    Deferred
    $5,800
    Nontaxable benefits
    $27,917
    Filer's total
    $955,029

  • Alexandra Bonesho MD

    Frmr Chair & Ttee, Clinician Manager

    Total calculated
    $362,240
    From this org
    $317,024
    From related orgs
    $0
    Other
    $45,216
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $241,222
    Bonus
    $75,217
    Other
    $585
    Deferred
    $5,772
    Nontaxable benefits
    $39,444
    Filer's total
    $362,240

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

  • 1a · Tax indemnification and gross-up payments
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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)

Part I, Line 1a
From time to time and under certain circumstances, Exeter Health Resources, Inc. or one of its affiliates may choose to gross-up a payment to make the employee whole from a tax perspective. As explained further below, these situations are reviewed on a case-by-case basis and the cost of any gross-up is considered when reviewing an employee's overall compensation package for reasonableness. Examples of the types of expenses which fall into this category are reimbursement for relocation and temporary housing, or for reimbursement related to the acquisition of supplemental long term disability insurance.
Part I, Line 1b
There was no existing policy concerning tax indemnification and gross up payments. However, in the instance of such action related to the acquisition of long term disability insurance described above, the tax indemnification and gross up payments were approved by the Exeter Health Resources Board of Trustees Executive Committee which is comprised of disinterested persons.
Part I, Line 3
The President of Core Physicians, LLC is compensated by a related organization, Exeter Health Resources, Inc. Exeter Health Resources, Inc. uses a Compensation Committee, an independent compensation consultant, a compensation survey, and approval by the Board or Compensation Committee. The Organization's parent (Exeter Health Resources, Inc.) has a formal process for determining total compensation for the Core President and other System Managers that is intended to provide reasonable compensation for achieving the Organization's mission, to recognize individual and team performance and to comply with the Organization's obligations as a tax-exempt charitable organization. The Executive Committee of the Exeter Health Resources, Inc.'s Board of Trustees conducts an annual review of the compensation of the Core President and other listed System Managers. In doing so, the Committee retains a qualified independent compensation consultant to conduct competitive market analysis of the market ranges of base, incentive, and total cash compensation, and to provide advice concerning the reasonableness of the compensation of the Core President and other System Managers. The Exeter Health Resources, Inc. Executive Committee utilizes that analysis and other appropriate information in connection with its annual review of the compensation of the Core President and Core's other System Managers. Information which the Committee may consider can include but is not limited to the performance of the Core President and other System Managers individually or collectively as executive management team members, the performance of the Organization in whole and in part, the elements of total compensation and salary history, the organization's compensation targets and comparability data, including the data prepared by the independent consultant and reviewed with the Committee. The Committee incorporates a performance appraisal process for the Core President and other System Managers' compensation review. Core's President and other System Managers are not present when the Executive Committee discusses their respective compensation. In addition, the Executive Committee determines if the threshold requirements for incentive awards are met consisting of the organization's performance results for quality, operating system excellence and financial performance. For the President of Core, the Executive Committee considers the recommendations of the System Manager who is the President of the member (Exeter Health Resources, Inc.) concerning compensation adjustments and incentive awards; the Executive Committee then determines Core's President's compensation. For the System Manager who is the Treasurer of the member (Exeter Health Resources, Inc.), that System Manager's compensation is considered by the Executive Committee upon recommendation of the member's (Exeter Health Resources, Inc.) President. The Executive Committee then determines that System Manager's compensation which is subsequently ratified by the Board of Trustees of the member (Exeter Health Resources, Inc.). For the System Manager who is the President of the member (Exeter Health Resources, Inc.), that System Manager's compensation is considered by the Executive Committee and the Committee makes recommendations concerning that System Manager's compensation to the Board of Trustees of the member (Exeter Health Resources, Inc.) for its approval. The Executive Committee of the member's Board of Trustees and the Board of Trustees of the member consider whether the compensation adjustments and performance awards are in the organization's best interest and benefit and comply with Board of Trustees approved parameters. The compensation of the Core Physicians' Chairman and other Clinician Managers is governed by the Core Physicians' compensation plan, which is approved solely by the System Managers (Core's President, President of the member and Treasurer of the member). The System Managers review comparability data prepared by a qualified independent compensation consultant when approving compensation of the Clinician Managers, including the Chairman of Core. The System Managers consider whether the compensation of the Clinician Managers (including the Chairman of Core) and any adjustments to compensation are in the organization's best interest and benefit and in compliance with Core Physicians' compensation plan. In addition, as noted previously in this fling, Beth Israel Lahey Health (BILH) became the sole member of Exeter Health Resources, Inc. (EHRI) effective July 1, 2023, at which time Kevin Tabb became the CEO of EHRI and compensation reported in this filing is calendar year 2022 compensation as required. The BILH Compensation Committee established the policies and the compensation structure, including benefits, for the BILH Chief Executive Officer as well as other members of senior management at BILH and its affiliates. The Compensation Committee is responsible for assuring that the total compensation provided to these individuals is fair and reasonable using current and credible market practice information and is responsible for ensuring compliance with applicable legal and regulatory guidelines. The BILH Compensation Committee is composed of independent members of its Board of Trustees In setting compensation, the Compensation Committee relies upon published compensation surveys and studies produced by independent compensation consulting firms that regularly assess executive compensation and benefits of substantially similar organizations. The Compensation Committee meets to review the compensation structure of the individuals described above and at that time reviews the compensation survey details prepared by the independent compensation consulting firm. For some categories of positions, the Compensation Committee will review the compensation structure and targets as a group, rather than by individual. Compensation for the BILH CEO and other senior executives is reviewed on an individual basis. The Compensation Committee then votes to approve the compensation arrangements of all individuals described above EXCEPT for the BILH CEO. The compensation package for the BILH CEO as voted by the Compensation Committee is submitted to the full BILH Board of Trustees for approval. All deliberations for both the Compensation Committee and the Board of Trustees are contemporaneously documented in minutes. The Compensation Committee processes and procedures as described above are designed to meet the requirements of Treasury Regulation Section 53.4958-6(c), Rebuttable Presumption that a Transaction is not an Excess Benefit Transaction.
Part I, Line 4b
The Organization's parent (Exeter Health Resources, Inc.) maintains a split dollar supplemental retirement plan for an executive (listed below with amounts) selected by the Exeter Health Resources Inc. Board of Trustees. The plan is closed to future participants. The Plan provides for annual payments of premiums for life insurance policies insuring the listed individual. Those life insurance premiums are collaterally assigned to the corporation and any excess accumulated value in the policies (net of accumulated premium payments which are returned to the organization upon the executive attaining the age of 70 or at the death of the participant) is available to be paid to the participant once vested at age 62 and upon retirement from the organization. Note that the split-dollar arrangement is part of an employee benefit program and economically not a direct extension of credit. Furthermore, the reportable compensation of the respective employee includes the annual value of the life insurance provided. Life insurance premium payments during tax year: Kevin J. Callahan $299,869 Excess Accumulated Value: Kevin J. Callahan $ 4,563,192 BILH and its affiliates maintain certain supplemental non-qualified retirement plans. During the period covered by this filing, one or more individuals listed in this Form 990, Schedule J, Compensation Information, may have participated in one or more of the following plans, which under the definition to this Form 990 are supplemental nonqualified plans: Beth Israel Deaconess Medical Center Executive Retirement Program, Beth Israel Lahey Health, Inc. Supplemental Executive Retirement Plan, Lahey Clinic Foundation, Inc. 457(f) Nonqualified Deferred Compensation Plan for Certain Physicians, Senior Management and Defined Medical Staff, and The Jordan Health Systems, Inc. 457(f) Deferred Compensation Plan. In addition, during the period covered by this filing, one or more individuals listed in this Form 990, Schedule J, Compensation Information, may have participated in one or more of these additional IRC 457(b) plans and benefits from participating in one of these plans is also reported in this Form 990: Beth Israel Deaconess Medical Center 457(b) Plan, Beth Israel Lahey Health, Inc. 457(b) Deferred Compensation plan, and the Exeter Health Resources, Inc. 457(b) Retirement Savings Plan. These plans are non-qualified deferred compensation plans and, pursuant to the plans, eligible employees receive certain retirement benefits. Amounts received by participants, deferred by participants and the change in value of the plan benefits related to these participants' accounts are included in Form 990 Schedule J, Part II, Column B(iii), Other Reportable Compensation and/or Form 990, Schedule J, Part II, Column C, Deferred Compensation in accordance with the instructions to this Form 990. Additional information is included with the Explanatory Notes to Schedule J below.
Part I, Line 7
Core Physicians, LLC has a compensation plan that is based upon competitive market rates relative to a physician's specialty. The Organization utilizes the services of an outside compensation consultant to determine market benchmarks. Total compensation consists of a base salary, a potential for a productivity bonus, an on-call stipend (if applicable), a medical directorship stipend (if applicable), a citizenship and quality payment that is earned upon the achievement of objectives set in advance. The productivity bonus is based on work relative value units (WRVU) production, and would be eligible to anyone who produces WRVUs above his or her base salary WRVU level. Base compensation is also adjusted if work relative value units fall below the base salary WRVU equivalency level. The physicians' compensation is approved by Core Physician LLC's Compensation Committee which is comprised of system managers who are approved by the Exeter Health Resources Board of Trustees. In addition, some of the individuals reported in this Form 990, Schedule J, were employed at Beth Israel Lahey Health during the calendar year 2022, which is the period for which compensation is reported in this return. As noted above, the BILH Compensation Committee establishes the policies and the compensation structure, including benefits, for the Beth Israel Lahey Health network of affiliates including the BILH Chief Executive Officer as well as other members of senior management at BILH and its affiliates. The Compensation Committee is responsible for assuring that the total compensation provided to these individuals is fair and reasonable using current and credible market practice information and is responsible for ensuring compliance with applicable legal and regulatory guidelines. The BILH Compensation Committee is composed of independent members of its Board of Trustees. During the 2022 calendar year, BILH maintained executive compensation packages which included opportunities to earn incentive compensation based on a combination of various factors, including but not limited to, meeting or exceeding the employing entity's objectives for quality and patient safety, budgeted consolidated operating margin, and meeting individual goals and objectives. In each case, incentive compensation was reviewed and approved by the Compensation Committee, and, for the BILH CEO as noted above, by the full BILH Board of Trustees. Additional information is included in the Explanatory Notes to this Schedule J.
Form 990, Schedule J, Additional Explanatory Notes (Part 1):
Directors and Trustees Serve Without Compensation: All Directors/Trustees serve without compensation or benefits. Compensation paid to Officers, Directors/Trustees or Key Employees was earned for work performed in a capacity other than that of Director/Trustee, as denoted by the listed titles in the notes below. Reporting Period: As required by Form 990, compensation reported in the filing for the fiscal year ended September 30, 2023, is calendar year 2022 compensation. Compensation Sources: Compensation reported for individuals may include compensation paid by the reporting entity, an affiliate of the reporting entity, and, in some cases, unrelated entities, as required by Form 990. Reportable Compensation: Reportable Compensation listed in Form 990, Part VII, includes Base Compensation, Incentive Compensation, and Other Reportable Compensation, as reported in Form 990, Schedule J. Other Compensation: Other Compensation listed in Form 990, Part VII, includes Deferred Compensation and Non-taxable Benefits as reported in Form 990, Schedule J. Base Compensation: Amounts not otherwise separately noted in this return but quantified in Base Compensation include amounts from one or more of the following items: ordinary wages, and employee deferrals to a 401(k) and/or a 403(b) plan. Other Reportable Compensation: Amounts not otherwise separately noted in this return but quantified in Other Reportable Compensation include amounts from one or more of the following items: taxable employer subsidized parking; and taxable life, disability, or long-term care insurance. Deferred Compensation: Amounts not otherwise separately noted but quantified in deferred compensation include amounts from one or more of the following items: employer contributions to a 401(k) retirement plan, employer contributions to a 403(b) retirement plan, employer contributions to a pension plan and/or the change in actuarial value of the pension plan benefit Non-taxable Benefits: Amounts not otherwise separately noted but quantified in non-taxable benefits include, among other things, amounts from one or more of the following non-taxable benefits: employee contributions to health insurance, employer contributions to health insurance, employee contributions to flexible spending accounts for dependent care and/or medical reimbursement, adoption assistance, tuition assistance pursuant to an employer plan, group term life insurance, and disability insurance. Additional individual specific information is included below. Abramson, Esq., S. Michael - Associate General Counsel - Beth Israel Lahey Health - Assistant Clerk (Ex-Officio) - Exeter Hospital, Inc. - Assistant Clerk (Ex-Officio) - Exeter Health Resources. Inc. - Assistant Clerk (Ex-Officio) - Core Physicians. LLC Other Reportable Compensation includes a payment for PTO cashed-out during 2022 in the amount of $3,503. Bonesho, M.D., Alexandra - Former Board Chair and Trustee, Clinician Manager, Pediatrician - Core Physicians LLC Buono, M.D., David - Trustee, Clinician Manager and Physician, Family Medicine- Core Physicians LLC Callahan, Kevin J. Unless otherwise noted below, Mr. Callahan held the following positions through July 1, 2023: - Chief Executive Officer, President, and Trustee - Exeter Health Resources, Inc. - Chief Executive Officer, President, and Trustee - Exeter Hospital, Inc. - President, Secretary and Trustee - Exeter Med Real, Inc. - Trustee, System Manager - Core Physicians, LLC - Chair & Trustee (Ex-Officio) - Rockingham Visiting Nurse Assoc & Hospice Although Mr. Callahan served in the positions during the fiscal year ended September 30, 2023, as required in this Form 990, compensation reported here is calendar year 2022 compensation. Base Compensation, Incentive Compensation, Other Reportable Compensation, Deferred Compensation and Non-Taxable Benefits are reported as required in Form 990, Schedule J. Incentive Compensation for Mr. Callahan includes a total of $751,685 which includes a $500,000 milestone payment related to long term service and which vested during the 2022 calendar year. Other Reportable and Deferred Compensation for Mr. Callahan includes combined contributions to, payments from, and change in value of, nonqualified retirement plans in the amount of -$87,358. Included in this amount is an unrealized loss in the amount of $107,858. Other Reportable Compensation for Mr. Callahan also includes $ 6,350 for the personal use of an automobile. Casassa, Allison J. During the fiscal year ended September 30, 2023, and covered by this filing, Ms. Casassa held the following positions until July 1, 2023: - Chief Financial Officer & Treasurer - Exeter Health Resources, Inc. - Chief Financial Officer & Treasurer - Exeter Hospital, Inc. - Trustee - Rockingham Visiting Nurse Assoc & Hospice - Chief Financial Officer & Treasurer - Core Physicians, LLC Effective July 1, 2023, Beth Israel Lahey Health became the sole member of Exeter Health Resources, Inc., which in turn serves as the sole member of Exeter Hospital, Core Physicians, and additional affiliates. As of that date, Ms. Casassa assumed the following positions: - Assistant Treasurer (Ex-Officio) & Chief Financial Officer - Exeter Health Resources, Inc. - Assistant Treasurer (Ex-Officio) & Chief Financial Officer - Exeter Hospital, Inc. - Chief Financial Officer, Trustee, Treasurer - Exeter Med Real, Inc. - Chief Financial Officer, Treasurer (Ex-Officio) - Core Physicians, LLC - Trustee - Rockingham Visiting Nurse Assoc & Hospice As required in this Form 990, compensation reported here is calendar year 2022 compensation. Base Compensation, Incentive Compensation, Other Reportable Compensation, Deferred Compensation and Non-Taxable Benefits are reported as required in Form 990, Schedule J. Other Reportable and Deferred Compensation for Ms. Casassa includes combined contributions to, and change in value of, nonqualified retirement plans in the amount of -$5,760. Included in this amount is an unrealized loss of $22,710, which impacted her nonqualified benefit, and a $15,250 accrual of benefits. Bonus and Incentive includes a milestone payment in the amount of $77,952. Other Reportable Compensation includes payments for a PTO cash-out in the amount of $22,486. Cassetta, Sandra - Vice President - Exeter Hospital, Inc. - Vice President, Finance and Physician Compensation - Core Physicians, LLC Incentive Compensation for Ms. Cassetta includes a $54,810 milestone payment. Other Reportable and Deferred Compensation for Ms. Cassetta includes combined contributions to, and change in value of, nonqualified retirement plans in the amount of -$6,095. Included in this amount is an unrealized loss of $7,795, which impacted her nonqualified benefit. Clerk, Avnish - Physician - Core Physicians LLC Incentive Compensation for Dr. Clerk includes a $300,000 milestone payment. Other Reportable and Deferred Compensation for Dr. Clerk includes combined contributions to, and change in value of, nonqualified retirement plans in the amount of $1,476. Included in this amount is an unrealized loss of $19,024, which impacted his nonqualified benefit. Colman, Aaron - Physician - Core Physicians LLC Incentive Compensation for Mr. Colman includes a $98,611 milestone payment. Other Reportable and Deferred Compensation for Dr. Colman includes combined contributions to, and change in value of, nonqualified retirement plans in the amount of -$29,377. Included in this amount, is an unrealized loss of $49,877, which impacted his nonqualified benefit. (Continued in subsequent footnotes)
Form 990, Schedule J, Additional Explanatory Notes (Part 2):
Cresta, Debra During the fiscal year ended September 30, 2023, and covered by this filing, Ms. Cresta held the following positions until July 1, 2023: - Chief Operation Officer - Exeter Health Resources, Inc. - Trustee -- Rockingham Visiting Nurse Assoc & Hospice - Assistant Secretary - Core Physicians Effective July 1, 2023, Beth Israel Lahey Health became the sole member of Exeter Health Resources, Inc., which in turn serves as the sole member of Exeter Hospital, Core Physicians, and additional affiliates. As of that date, Ms. Cresta assumed the following positions: - Trustee (Ex-Officio) & President - Exeter Health Resources, Inc. - President & Trustee (Ex-Officio) - Exeter Hospital, Inc. - President, Trustee & Secretary - Exeter Med Real, Inc. - System Manager - Core Physicians, LLC - Chair & Trustee - Rockingham Visiting Nurse Assoc & Hospice As required in this Form 990, compensation reported here is calendar year 2022 compensation. Base Compensation, Incentive Compensation, Other Reportable Compensation, Deferred Compensation and Non-Taxable Benefits are reported as required in Form 990, Schedule J. Bonus and Incentive Compensation includes a milestone payment in the amount of $100,548. Other Reportable Compensation includes a PTO cashed out in the amount of $4,834. Other Reportable and Deferred Compensation for Ms. Cresta includes combined contributions to, and change in value of, nonqualified retirement plans in the amount of -$8,276. Included in the amount is an unrealized loss of $44,016, which impacted her unvested nonqualified benefit. Dave, M.D., Apara - Trustee, Clinician Manager - Core Physicians LLC Other Reportable and Deferred Compensation for Dr. Dave includes combined contributions to, and change in value of, nonqualified retirement plans in the amount of -$1,123. Included in the amount is an unrealized loss of $21,623, which impacted the unvested nonqualified benefit. Farrell, M.D., Kathleen - Trustee, Clinician Manager and Physician, Obstetrics and Gynecology - Core Physicians LLC Johnson, M.D., E. William - Physician - Core Physicians LLC Incentive Compensation for Dr. Johnson includes a $297,798 milestone payment. Other Reportable and Deferred Compensation for Dr. Johnson includes combined contributions to, and change in value of, nonqualified retirement plans in the amount of -$4,440. Included in the amount is an unrealized loss of $24,940, which impacted the unvested nonqualified benefit. Katz, J.D., Jamie Unless otherwise noted below, Mr. Katz held the following positions for the full fiscal period ended September 30, 2023: - General Counsel and Clerk (Ex-Officio), - Beth Israel Lahey Health, Inc. - Clerk (Ex-Officio) - Beth Israel Deaconess Medical Center, Inc. - Clerk (Ex-Officio) - Beth Israel Deaconess Hospital - Needham, Inc. - Clerk (Ex-Officio) - Mount Auburn Hospital - Clerk (Ex-Officio) - New England Baptist Hospital - Clerk (Ex-Officio) - Beth Israel Deaconess Hospital - Milton, Inc. - Clerk - Community Physicians Associates, Inc. - Clerk (Ex-Officio) - BID - Milton Physician Associates, Inc. - Clerk (Ex-Officio) - Beth Israel Deaconess Hospital - Plymouth, Inc. - Clerk (Ex-Officio) - Jordan Physician Associates, Inc. - Clerk (Ex-Officio) - The Jordan Health Systems, Inc. - Clerk (Ex-Officio) - Anna Jaques Hospital - Clerk - Seacoast Affiliated Group Practice, Inc. - Trustee and Clerk (Ex-Officio) - Lahey Health Shared Services, Inc. - Trustee (Ex-Officio) and Clerk (Ex-Officio) - Addison Gilbert Society, Inc. - Trustee (Ex-Officio) and Clerk (Ex-Officio) - Northeast Health System, Inc. - Trustee (Ex-Officio)rand Clerk (Ex-Officio) - Northeast Senior Health Corporation - Trustee (Ex-Officio) and Clerk (Ex-Officio) - Northeast Behavioral Health Corporation - Trustee and Clerk (Ex-Officio) - Seacoast Nursing and Rehabilitation Center, Inc. - Director and Clerk (Ex-Officio) - Winchester Hospital Foundation, Inc. - Clerk (Ex-Officio) - Winchester Healthcare Management, Inc. - Clerk (Ex-Officio) - Lahey Clinic Foundation, Inc. - Clerk (Ex-Officio) - Lahey Clinic, Inc. - Clerk (Ex-Officio) - Lahey Clinic Hospital, Inc.d/b/a Lahey Hospital & Medical Center - Clerk (Ex-Officio) - Northeast Hospital Corporation - Trustee (Ex-Officio) and Clerk (Ex-Officio) - Northeast Medical Practice Inc. - Trustee and Clerk - CAB Health and Recovery Services, Inc. - Trustee (Ex-Officio) and Clerk (Ex-Officio) - Health and Education Housing Services, Inc. - Clerk (Ex-Officio) - Winchester Hospital - Clerk (Ex-Officio) - Joslin Clinic, Inc. - Clerk (Ex-Officio) - Joslin Diabetes Center, Inc. - Clerk (Ex-Officio) - Mount Auburn Professional Services, Inc. - Clerk - Medical Care of Boston Management Corporation d/b/a Beth Israel Lahey Health Primary Care a/k/a Affiliated Physicians Group (Term began on March 31, 2023) - Clerk (Ex-Officio) - Beth Israel Lahey Health Pharmacy, Inc. - Clerk (Ex-Officio) - Beth Israel Lahey Health Primary Care, Inc. (Term began on March 31, 2023) Effective July 1, 2023, Beth Israel Lahey Health became the sole member of Exeter Health Resources, Inc., which in turn serves as the sole member of Exeter Hospital, Core Physicians, and additional affiliates. As of that date, Mr. Katz assumed the following additional positions: - Clerk (Ex-Officio) - Exeter Health Resources, Inc. - Clerk (Ex-Officio) - Exeter Hospital, Inc. - Clerk (Ex-Officio) - Core Physicians, LLC - Secretary (Ex-Officio) - Rockingham Visiting Nurse Association and Hospice As required in this Form 990, compensation reported here is calendar year 2022 compensation. Base Compensation, Incentive Compensation, Other Reportable Compensation, Deferred Compensation and Non-Taxable Benefits are reported as required in Form 990, Schedule J. Other Reportable Compensation for Mr. Katz includes combined contributions to, payments from, and change in value of, nonqualified retirement plans in the amount of $68,094. Included in this amount is a distribution from a nonqualified plan in the amount of $72,875 and an unrealized loss in the amount of $24,281. Kelly, M.D., Robert - Trustee, Clinician Manager and Physician, Family Medicine - Core Physicians LLC Lanier, DO, Melanie - President, Trustee (Ex-Officio), Clinician Manager - Core Physicians LLC Bonus and Incentive Compensation includes a milestone payment in the amount of $88,305. Other Reportable Compensation includes PTO cashed out in the amount of $16,982. Other Reportable and Deferred Compensation for Dr. Lanier includes combined contributions to, and change in value of, nonqualified retirement plans in the amount of -$9,646. Included in the amount is an unrealized loss of $30,146, which impacted her unvested nonqualified benefit. Marble, M.D., Kimberly - Physician - Core Physicians LLC Incentive Compensation for Dr. Marble includes a $274,713 milestone payment. McGovern, M.D., Thomas - Physician - Core Physicians LLC Incentive Compensation for Dr. McGovern includes a $116,792 milestone payment. Other Reportable and Deferred Compensation for Dr. McGovern includes combined contributions to, and change in value of, nonqualified retirement plans in the amount of -$39,020. Included in the amount is an unrealized loss of $39,020, which impacted his unvested nonqualified benefit. McKee, M.D., Roderick - Trustee, Clinician Manager and Thoracic Surgeon - Core Physicians LLC Pangan, M.D. Michael - Trustee - Exeter Health Resources, Inc. - Trustee - Exeter Hospital, Inc. - Trustee, Clinician Manager and Physician, Family Medicine - Core Physicians, LLC Peelman, M.D., Jessica - Trustee, Clinician Manager and Orthopedic Hand Surgeon - Core Physicians LLC Porter, M.D., Brian - Trustee, Clinician Manager and Cardiologist - Core Physicians LLC Other Reportable and Deferred Compensation for Dr. Porter includes combined contributions to, and change in value of, nonqualified retirement plans in the amount of -$5,277. Included in the amount is an unrealized loss of $5,277. (Continued in subsequent footnotes)
Form 990, Schedule J, Additional Explanatory Notes (Part 3):
Rios, Cindy - Treasurer (Ex-Officio) and Interim Chief Financial Officer - Beth Israel Lahey Health, Inc. (Term began January 1, 2023) - Senior Vice President and Operations Chief Financial Officer- Beth Israel Lahey Health, Inc. (Term ended December 31, 2022) Unless otherwise noted, effective January 1, 2023, Ms. Rios also assumed the following positions: - Treasurer - Medical Care of Boston Management Corporation d/b/a Beth Israel Lahey Health Primary Care a/k/a Affiliated Physicians Group (Term began March 31, 2023) - Treasurer (Ex-Officio) - CareGroup Parmenter Home Care & Hospice, Inc. - Treasurer (Ex-Officio) - Northeast Professional Registry of Nurses, Inc. - Trustee & Treasurer - CAB Health and Recovery Services, Inc. - Treasurer (Ex-Officio) - Anna Jaques Hospital, Inc. - Treasurer (Ex-Officio) - Beth Israel Deaconess Medical Center, Inc. - Treasurer (Ex-Officio) - Beth Israel Deaconess Hospital - Milton, Inc. - Treasurer (Ex-Officio) - BID - Milton Physician Associates, Inc. - Treasurer (Ex-Officio) - Beth Israel Deaconess Hospital - Needham, Inc. - Treasurer (Ex-Officio) - Beth Israel Deaconess Hospital - Plymouth, Inc. - Treasurer (Ex-Officio) - Beth Israel Lahey Health Pharmacy, Inc. - Treasurer (Ex-Officio) - Beth Israel Lahey Health Primary Care, Inc. (Term began March 31, 2023) - Treasurer (Ex-Officio) - Community Physicians Associates, Inc. - Treasurer (Ex-Officio) - Joslin Clinic, Inc. - Treasurer (Ex-Officio) - Joslin Diabetes Center, Inc. - Treasurer (Ex-Officio) - The Jordan Health Systems, Inc. - Treasurer (Ex-Officio) - Jordan Physician Associates, Inc. - Treasurer (Ex-Officio) - Lahey Clinic Foundation, Inc. - Treasurer (Ex-Officio) - Lahey Clinic Hospital, Inc. d/b/a Lahey Hospital & Medical Center - Treasurer (Ex-Officio) - Lahey Clinic, Inc. - Treasurer (Ex-Officio) - Mount Auburn Hospital - Treasurer (Ex-Officio) - Mount Auburn Professional Services, Inc. - Treasurer (Ex-Officio) - New England Baptist Hospital - Treasurer (Ex-Officio) - Northeast Hospital Corporation - Treasurer (Ex-Officio) - Seacoast Affiliated Group Practice, Inc. - Director & Treasurer (Ex-Officio) - Winchester Hospital Foundation, Inc. - Treasurer (Ex-Officio) - Winchester Healthcare Management, Inc. - Trustee & Treasurer (Ex-Officio) - Addison Gilbert Society, Inc. - Trustee & Treasurer (Ex-Officio) - Health and Education Housing Services, Inc. - Trustee & Treasurer (Ex-Officio) - Lahey Health Shared Services, Inc. - Trustee & Treasurer (Ex-Officio) - Northeast Behavioral Health Corporation - Trustee & Treasurer (Ex-Officio) - Northeast Health System, Inc. - Trustee & Treasurer (Ex-Officio) - Northeast Medical Practice, Inc. - Trustee & Treasurer (Ex-Officio) - Northeast Senior Health Corporation - Trustee & Treasurer (Ex-Officio) - Seacoast Nursing & Rehabilitation Center, Inc. - Trustee & Treasurer (Ex-Officio) - Winchester Hospital Effective July 1, 2023, Beth Israel Lahey Health became the sole member of Exeter Health Resources, Inc., which in turn serves as the sole member of Exeter Hospital, Core Physicians, and additional affiliates. As of that date, Ms. Rios assumed the following additional positions: - Treasurer (Ex-Officio) - Exeter Health Resources, Inc. - Treasurer (Ex-Officio) - Exeter Hospital, Inc. - Treasurer (Ex-Officio) - Rockingham Visiting Nurse Assoc & Hospice Ms. Rios served in the positions above during the fiscal year ended September 30, 2023. As required in this Form 990, compensation reported here is calendar year 2022 compensation. Base Compensation, Incentive Compensation, Other Reportable Compensation, Deferred Compensation and Non-Taxable Benefits are reported as required in Form 990, Schedule J. Other Reportable Compensation includes payments for temporary housing and moving expenses in the amount of $41,927 and 9,904, respectively. Deferred Compensation in the amount of $187,500 included in this filing for Ms. Rios relates to a milestone payment which, as of December 31, 2022, was not funded, was not vested, and for which there was no guarantee of payment. This amount is included here as deferred compensation as required based on the instructions to the Form 990. Schaffer, M.D., Michael - Chief Medical Officer - Exeter Health Resources, Inc. - Trustee (Ex-Officio) and Clinician Manager - Core Physicians, LLC Other Reportable Compensation includes a milestone payment in the amount of $73,587. Other Reportable and Deferred Compensation for Dr. Schaffer includes combined contributions to, and change in value of, nonqualified retirement plans in the amount of $1,410. Of this amount, $290 is unvested. Sprauer, Esq., Constance D. - Senior Vice President Legal Affairs and Assistant Clerk - Exeter Health Resources, Inc. - Senior Vice President Legal Affairs and Assistant Clerk - Exeter Hospital, Inc. - Secretary - Core Physicians, LLC Incentive Compensation for Ms. Sprauer includes a $68,289 milestone payment. Other Reportable and Deferred Compensation for Ms. Sprauer includes combined contributions to, and change in value of, nonqualified retirement plans in the amount of -$141,090. Included in the amount is an unrealized loss of $161,590. Luna, Margaret Ms. Margaret Luna held these positions until November 11, 2022: - Vice President, Human Resources - Exeter Hospital, Inc. - Vice President, Human Resources - Exeter Health Resources, Inc. - Vice President, Human Resources - Rockingham Visiting Nurse Association and Hospice. - Vice President, Human Resources - Core Physicians, LLC Ms. Luna's services were retained through Witt Keiffer, Inc., a management company. She started the position prior to the beginning of the fiscal year covered by this filing. She served in the roles stated above through November 11, 2022. Other Reportable Compensation for Ms. Luna includes payments made by Exeter Health Resources, Inc. to Witt Keiffer for these services in the amount of $368,476. Callahan, Chris - Vice President, Human Resources - Exeter Hospital - Vice President, Human Resources - Exeter Health Resources, Inc - Vice President, Human Resources - Core Physicians, LLC - Vice President, Human Resources - Rockingham Visiting Nurse Association and Hospice Other Reportable Compensation includes a payment for PTO cashed-out during 2022 in the amount of $57,931. Other Reportable and Deferred Compensation for Mr. Callahan includes combined contributions to, and change in value of, nonqualified retirement plans in the amount of -$34,340. This amount includes an unrealized loss in the amount of $54,840, which impacted his unvested nonqualified benefit.

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

  • Exeter Junior Baseball & Softball League

    $8,000

    To develop sportsmanship for the betterment of players' emotional and social well-being.

  • Strawberry Banke Museum

    $6,500

    Support museum's mission to promote understanding of the lives of individuals and the value of community through encounters with the history and ongoing preservation of a New England Seaport Neighborhood.

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.

  • NH-Cares ACO LLC

    Accountable Care · NH

    Directly controlled by Core Physicians LLC

Provenance

Return type
form_990
Tax year
2022
Filed
12 August 2024
IRS schema version
2022v5.0
Source object
202442279349300214

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