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Nonprofiteer
← TIDALHEALTH INC

Form 990 for tax year 2023

Filed by TIDALHEALTH INC.

Totals

Total revenue
$194,711,624
Total expenses
$243,301,933
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$192,422,716
Investment income
$2,276,813
Other revenue
$12,095
Total assets, end of year
$928,715,887
Total liabilities, end of year
$153,130,360
Net assets or fund balances, end of year
$775,585,527
Program services expenses (Part IX)
$212,745,188
Management and general expenses
$30,556,745
Fundraising expenses
$0
Program service expenses (Part III)
$212,745,188

Program services were 87.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • STEVEN LEONARD

    PRESIDENT/CEO

    Total calculated
    $1,280,218
    From this org
    $1,182,770
    From related orgs
    $0
    Other
    $97,448
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    $874,064
    Bonus
    $236,259
    Other
    $72,447
    Deferred
    $71,005
    Nontaxable benefits
    $26,443
    Filer's total
    $1,280,218

  • RYAN MCLAUGHLIN

    IMMEDIATE PAST CHAIRPERSON

    Total calculated
    $22,500
    From this org
    $22,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2 related

  • MEMO DIRIKER

    CHAIRPERSON (BEG 11/23)

    Total calculated
    $7,500
    From this org
    $7,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 3 related

  • DAVID ROMMEL

    VICE-CHAIRMAN (BEG 11/23)

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • ANDREA WILLIAMS

    SECRETARY/TREASURER (BEG 11/23)

    Total calculated
    $0
    Hours/week
    1

  • DEBORAH ABBOTT

    BOARD MEMBER (THRU 12/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • HEIDI ANDERSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TIMOTHY BENNING MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • THOMAS COATES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • HERBERT J GEARY III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARK HIGDON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARIA LEHMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • VEL NATESAN MD

    BOARD MEMBER/PHYSICIAN

    Total calculated
    $63,144
    From this org
    $63,144
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • KAREN POISKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MICHELE PROCINO-WELLS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JULIUS ZANT MD

    BOARD MEMBER (BEG 01/24)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • LURA LUNSFORD

    V.P. OPERATIONS

    Total calculated
    $893,123
    From this org
    $817,408
    From related orgs
    $0
    Other
    $75,715
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $697,278
    Bonus
    $113,617
    Other
    $6,513
    Deferred
    $68,007
    Nontaxable benefits
    $7,708
    Filer's total
    $893,123

  • TRUDY HALL MD

    V.P. CHIEF MEDICAL OFFICER

    Total calculated
    $660,898
    From this org
    $602,369
    From related orgs
    $0
    Other
    $58,529
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    $514,873
    Bonus
    $73,625
    Other
    $13,871
    Deferred
    $32,647
    Nontaxable benefits
    $25,882
    Filer's total
    $660,898

  • STEPHANIE GARY

    CFO

    Total calculated
    $648,703
    From this org
    $589,051
    From related orgs
    $0
    Other
    $59,652
    Hours/week
    1 + 53 related

    Schedule J breakdown matched by us

    Base
    $509,284
    Bonus
    $78,505
    Other
    $1,262
    Deferred
    $36,919
    Nontaxable benefits
    $22,733
    Filer's total
    $648,703

  • WILLIAM DORAN DO

    PHYSICIAN

    Total calculated
    $1,326,127
    From this org
    $1,256,954
    From related orgs
    $0
    Other
    $69,173
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $875,096
    Bonus
    $358,186
    Other
    $23,672
    Deferred
    $42,113
    Nontaxable benefits
    $27,060
    Filer's total
    $1,326,127

  • STEVEN HEARNE MD

    PHYSICIAN

    Total calculated
    $1,209,091
    From this org
    $1,066,769
    From related orgs
    $0
    Other
    $142,322
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $854,685
    Bonus
    $190,000
    Other
    $22,084
    Deferred
    $114,066
    Nontaxable benefits
    $28,256
    Filer's total
    $1,209,091

  • ZACHARY BAKER MD

    PHYSICIAN

    Total calculated
    $1,206,759
    From this org
    $1,140,552
    From related orgs
    $0
    Other
    $66,207
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $893,370
    Bonus
    $90,000
    Other
    $157,182
    Deferred
    $43,474
    Nontaxable benefits
    $22,733
    Filer's total
    $1,206,759

  • EMMANUEL NSAH MD

    PHYSICIAN

    Total calculated
    $1,073,898
    From this org
    $1,005,994
    From related orgs
    $0
    Other
    $67,904
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $811,898
    Bonus
    $95,790
    Other
    $98,306
    Deferred
    $41,361
    Nontaxable benefits
    $26,543
    Filer's total
    $1,073,898

  • JOHN HAMILTON MD

    PHYSICIAN

    Total calculated
    $1,062,550
    From this org
    $998,472
    From related orgs
    $0
    Other
    $64,078
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $977,254
    Bonus
    $20,000
    Other
    $1,218
    Deferred
    $38,124
    Nontaxable benefits
    $25,954
    Filer's total
    $1,062,550

  • BRUCE RITCHIE

    FORMER CFO (THRU 01/23)

    Total calculated
    $455,805
    From this org
    $426,118
    From related orgs
    $0
    Other
    $29,687
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $167,966
    Bonus
    $0
    Other
    $258,152
    Deferred
    $28,600
    Nontaxable benefits
    $1,087
    Filer's total
    $455,805

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 · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
TRAVEL FOR COMPANIONS TIDALHEALTH, INC. (THI) PROVIDES TRAVEL FOR COMPANIONS OF BOARD MEMBERS AND REPORTS THE VALUE OF THE COMPENSATION PROVIDED AS TAXABLE TO THE RECIPIENT. THIS POLICY HAS BEEN APPROVED BY THE BOARD.
SCHEDULE J PART I, LINE 4B:
SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN THI HAS A NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN (UNDER SECTION 457 (F)). THIS PLAN WAS APPROVED BY THE COMPENSATION COMMITTEE OF THE THI BOARD OF DIRECTORS TO SUPPLEMENT THE EXECUTIVE'S RETIREMENT INCOME. THE SUPPLEMENTAL RETIREMENT PLAN WAS DEVELOPED BASED ON AN INDEPENDENT CONSULTANT REPORT ON MARKET-BASED PRACTICES FOR SUPPLEMENTAL RETIREMENT PLANS. THE PERCENTAGE OF FINAL AVERAGE PAY, THE REQUIREMENTS FOR VESTING, PARTICIPANTS, AND PAY-OUT PROVISIONS WERE ESTABLISHED, REVIEWED, AND APPROVED BY THE COMPENSATION COMMITTEE. THE CONTRIBUTIONS TO THE SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN ARE INCLUDED IN SCHEDULE J, PART II, COLUMN C OR IN SCHEDULE J, PART II, COLUMN B(III) AS PART OF DEFERRED COMPENSATION. THE FOLLOWING INDIVIDUALS PARTICIPATED IN THIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: STEVEN LEONARD BRUCE RITCHIE ZACHARY BAKER, M.D. STEVEN HEARNE, M.D. EMMANUEL NSAH, M.D. TIDALHEALTH PROVIDED THE FOLLOWING FUNDING AMOUNT DURING 2023: STEVEN HEARNE, M.D. - $50,000 THE FOLLOWING INDIVIDUALS RECEIVED A DISTRIBUTION DURING 2023 BASED ON THEIR PLAN'S VESTING DATE. ZACHARY BAKER, M.D. $155,964 EMMANUEL NSAH, M.D. $75,146 BRUCE RITCHIE $217,958
PART I, LINE 6A, 6B AND 7:
CONTINGENT COMPENSATION AND NON-FIXED PAYMENTS OFFICERS, KEY EMPLOYEES AND CERTAIN PHYSICIANS OF TIDALHEALTH INC. ARE PAID COMPENSATION DETERMINED BY A NUMBER OF VARIABLES INCLUDING BUT NOT LIMITED TO INDIVIDUAL GOALS AS WELL AS ORGANIZATION OPERATIONAL ACHIEVEMENTS IN SERVICE, QUALITY, SAFETY, EMPLOYEE SATISFACTION, AND COST. THE FINAL DETERMINATION OF THE CONTINGENT COMPENSATION AMOUNT IS DETERMINED AND APPROVED BY THE BOARD AS PART OF THE OVERALL COMPENSATION REVIEW OF OFFICERS AND KEY EMPLOYEES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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 partnerships

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

Related corporations and trusts

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

  • PENINSULA HEALTH VENTURES (PHV)

    C · P'SHIP INVESTMENT · MD · 100% owned · share of income $6,499,773 · share of assets $37,780,622 · controlled entity

    Directly controlled by TIDALHEALTH INC

  • PRLTC INC

    C · LONG TERM CARE · MD · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202501349349313265

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