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Nonprofiteer
← VASSAR HEALTH CONNECTICUT INC

Form 990 for tax year 2022

Filed by VASSAR HEALTH CONNECTICUT INC.

Totals

Total revenue
$49,599,644
Total expenses
$73,683,904
Contributions and grants received
$253,313
Grants paid
$2,500
Program service revenue
$48,664,072
Investment income
$208,244
Other revenue
$474,015
Total assets, end of year
$42,057,121
Total liabilities, end of year
$103,922,399
Net assets or fund balances, end of year
-$61,865,278
Program services expenses (Part IX)
$66,454,026
Management and general expenses
$7,229,878
Fundraising expenses
$0
Program service expenses (Part III)
$66,454,026

Program services were 90.2% 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.

  • 1d · Related organizations

    $242,050

  • 1f · All other contributions, gifts and grants

    $11,263

  • 2a · Program service revenue: NET PATIENT SERVICE REVENUE

    total $43,151,907 · related or exempt $43,151,907

  • 2b · Program service revenue: PSYCHIATRIC SERVICE REVENUE

    total $4,504,668 · related or exempt $4,504,668

  • 2c · Program service revenue: AFFILIATE INCOME- DIGITAL HEALTH

    total $910,373 · related or exempt $910,373

  • 2d · Program service revenue: AFFILIATE RENTAL INCOME

    total $97,124 · related or exempt $97,124

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $19,370 · excluded $19,370

  • 6a · Gross rents

    real property $104,527

  • 6c · Rental income or loss

    real property $104,527 · personal property $0

  • 6d · Net rental income or loss

    total $104,527 · excluded $104,527

  • 7a · Gross sales of assets other than inventory

    other assets $363,874

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

    other assets $175,000

  • 7c · Gain or loss

    securities $0 · other assets $188,874

  • 7d · Net gain or loss

    total $188,874 · excluded $188,874

  • 11a · Other revenue: EMPLOYEE RETENTION CREDIT

    total $178,715 · related or exempt $178,715

  • 11b · Other revenue: PAYOR INCENTIVES

    total $150,697 · related or exempt $150,697

  • 11c · Other revenue: TOURO MEDICAL EDUCATION

    total $23,150 · related or exempt $23,150

  • 11d · All other revenue

    total $16,926 · related or exempt $16,926 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $369,488

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,500 · program services $2,500

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $443,027 · program services $388,903 · management and general $54,124

  • 6 · Compensation of disqualified persons

    total $22,797 · program services $20,012 · management and general $2,785

  • 7 · Other salaries and wages

    total $29,679,022 · program services $26,053,165 · management and general $3,625,857

  • 8 · Pension plan contributions

    total $879,420 · program services $771,982 · management and general $107,438

  • 9 · Other employee benefits

    total $3,555,691 · program services $3,121,296 · management and general $434,395

  • 10 · Payroll taxes

    total $1,545,720 · program services $1,356,881 · management and general $188,839

  • 11a · Fees: management

    total $7,797 · management and general $7,797

  • 11b · Fees: legal

    total $76,155 · management and general $76,155

  • 11c · Fees: accounting

    total $186,282 · management and general $186,282

  • 11d · Fees: lobbying

    total $26,673 · program services $23,414 · management and general $3,259

  • 11f · Fees: investment management

    total $40,155 · management and general $40,155

  • 11g · Fees: other

    total $8,247,815 · program services $7,240,188 · management and general $1,007,627 · fundraising $0

  • 12 · Advertising and promotion

    total $91,725 · program services $80,519 · management and general $11,206

  • 13 · Office expenses

    total $981,507 · program services $861,597 · management and general $119,910

  • 14 · Information technology

    total $1,188,778 · program services $1,043,546 · management and general $145,232

  • 16 · Occupancy

    total $1,920,399 · program services $1,685,786 · management and general $234,613

  • 17 · Travel

    total $34,590 · program services $30,364 · management and general $4,226

  • 19 · Conferences, conventions and meetings

    total $1,329 · program services $1,167 · management and general $162

  • 20 · Interest

    total $42,379 · program services $42,379

  • 22 · Depreciation, depletion and amortization

    total $4,333,940 · program services $3,804,467 · management and general $529,473

  • 23 · Insurance

    total $938,192 · program services $840,850 · management and general $97,342

  • 24a · Other expenses: PHYSICIAN FEES

    total $9,982,830 · program services $9,982,830

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $6,565,977 · program services $6,565,977

  • 24c · Other expenses: EQUIP RENTAL/MAINTENANCE

    total $2,666,462 · program services $2,340,703 · management and general $325,759

  • 24d · Other expenses: LICENSES & DUES

    total $222,707 · program services $195,500 · management and general $27,207

  • 24e · All other expenses

    total $35 · program services $0 · management and general $35 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,040,034 · end of year $2,063,193

  • 4 · Accounts receivable

    beginning of year $5,479,090 · end of year $4,978,396

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $1,336,348 · end of year $1,124,584

  • 9 · Prepaid expenses and deferred charges

    beginning of year $420,140 · end of year $480,716

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

    $40,499,765

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

    $16,050,023

  • 10c · Land, buildings and equipment, net

    beginning of year $23,498,205 · end of year $24,449,742

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $7,700,250 · end of year $6,604,850

  • 15 · Other assets

    beginning of year $4,356,999 · end of year $2,355,640

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,417,415 · end of year $5,136,144

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $75,194,669 · end of year $98,786,255

  • 27 · Net assets without donor restrictions

    beginning of year -$37,815,132 · end of year -$61,899,392

  • 28 · Net assets with donor restrictions

    beginning of year $34,114 · end of year $34,114

Mission and programs · 2022

Mission

Improve the health of every person in our community through the efficient delivery of excellent, innovative and compassionate care.

  • SHARON HOSPITAL IS A 78-BED HOSPITAL LOCATED IN NORTHWESTERN CONNECTICUT. THE TEAM IS COMMITTED TO PROVIDING COMPASSIONATE HEALTHCARE THAT MEETS THE NEEDS OF THE COMMUNITY IT SERVES. SHARON HOSPITAL IS PART OF NUVANCE HEALTH, WHICH IS A SIX-HOSPITAL SYSTEM, ON 7 CAMPUSES, WITH NUMEROUS OUTPATIENT FACILITIES THROUGHOUT THE HUDSON VALLEY AND ACROSS WESTERN CONNECTICUT. THE NUVANCE HEALTH SYSTEM GIVES THE COMMUNITY ACCESS TO A VARIETY OF SERVICES INCLUDING, BUT NOT LIMITED TO, BARIATRIC SURGERY AND MEDICAL WEIGHT LOSS, BLOOD DRAW, CRITICAL CARE, DIABETES EDUCATION, EMERGENCY SERVICES, HEART AND VASCULAR, IMAGING AND RADIOLOGY, INFUSION THERAPY, NEUROLOGY AND NEUROSURGERY, ORTHOPEDIC CARE, PHYSICAL REHABILITATION, PRIMARY CARE, RHEUMATOLOGY, SLEEP DISORDERS, URGENT CARE, WOMEN'S HEALTH, BEHAVIORAL HEALTH, CANCER CARE, DENTISTRY, DIGESTIVE HEALTH, ENDOCRINOLOGY, GENETIC COUNSELING, HOME HEALTH CARE, INFECTIOUS DISEASE, KIDNEY DISEASE AND NEPHROLOGY, OCCUPATIONAL MEDICINE, PATIENT BLOOD MANAGEMENTS AND BLOODLESS MEDICINE, PEDIATRICS, PODIATRY, PULMONARY CARE, SENIOR CARE AND GERIATRIC MEDICINE, SURGICAL SERVICES, UROLOGY, WOUND CARE AND HYPERBARIC MEDICINE. SHARON HOSPITAL PROVIDES A FULL RANGE OF SERVICES INCLUDING BARIATRIC SURGERY, CARDIOLOGY SERVICES, EMERGENCY CARE, NEUROSCIENCES, ORTHOPEDICS, STROKE CARE, SURGICAL SERVICES, AND WOMEN'S SERVICES. SHARON HOSPITAL IS COMMITTED TO PROVIDING QUALITY SERVICE TO THE COMMUNITY AND HAS BEEN RECOGNIZED BY SEVERAL ORGANIZATIONS FOR THE QUALITY HEALTHCARE THAT IT PROVIDES TO THE REGION. THE CENTERS FOR MEDICARE AND MEDICAID SERVICES HAVE AWARDED SHARON HOSPITAL A FIVE-STAR RATING FOR THE LAST THREE YEARS IN A ROW. THE HOSPITAL HAS ALSO RECEIVED THE GET WITH THE GUIDELINES STROKE GOLD PLUS BY THE AMERICAN HEART ASSOCIATION AND AMERICAN STROKE ASSOCIATION. IN FY23, SHARON HOSPITAL HAD 8,359 PATIENT DAYS AND 1,656 DISCHARGES IN ACUTE CARE. THERE WERE 11,551 IN EMERGENCY ROOM VISITS AND 43,427 IN OTHER OUTPATIENT VISITS/PROCEDURES. THE HOSPITAL PROVIDED APPROXIMATELY $2.2M IN CHARITY CARE TO THE REGIONS UN-INSURED AND UNDER-INSURED POPULATION.

    Expenses $66,454,026 · Revenue $49,033,560

As filed on the 2022 return.

Listed in Part VII

  • CHRISTINA MCCULLOCH

    PRESIDENT SHARON HOSPITAL

    Total calculated
    $414,399
    From this org
    $276,370
    From related orgs
    $83,860
    Other
    $54,169
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $202,687 + $80,419 related
    Bonus
    $64,500
    Other
    $9,183 + $3,441 related
    Deferred
    $39,545 + $11,999 related
    Nontaxable benefits
    $1,991 + $634 related
    Filer's total
    $317,906 + $96,493 related

  • PARI FOROOD

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • RICHARD CANTELE

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • HUGH HILL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JAMES QUELLA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOEL JONES

    DIRECTOR (TO 05/12)

    Total calculated
    $0
    Hours/week
    2

  • JOHN CHARDE MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KATHRYN PALMER-HOUSE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KENNETH SCHECHTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARGARET COUGHLAN MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MEHRDAD NOORANI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MIRIAM TANNEN RN NP-C

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RANDALL R DWENGER MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BRIAN WYATT

    SECRETARY & CHIEF LEGAL OFFICER (FROM 01/01)

    Total calculated
    $410,879
    From this org
    $0
    From related orgs
    $350,253
    Other
    $60,626
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $297,136 related
    Bonus
    $0 + $51,000 related
    Other
    $0 + $2,117 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $42,326 related
    Filer's total
    $0 + $410,879 related

  • CAROLYN MCKENNA

    SECRETARY & CHIEF LEGAL OFFICER (TO 12/31)

    Total calculated
    $902,383
    From this org
    $0
    From related orgs
    $811,715
    Other
    $90,668
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $575,435 related
    Bonus
    $0 + $155,000 related
    Other
    $0 + $81,280 related
    Deferred
    $0 + $88,260 related
    Nontaxable benefits
    $0 + $2,408 related
    Filer's total
    $0 + $902,383 related

  • DANIEL DEBARBA

    CHIEF FINANCIAL OFFICER; TREASURER (FROM 01/01)

    Total calculated
    $318,307
    From this org
    $0
    From related orgs
    $275,184
    Other
    $43,123
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $267,926 related
    Bonus
    $0
    Other
    $0 + $7,258 related
    Deferred
    $0 + $33,150 related
    Nontaxable benefits
    $0 + $9,973 related
    Filer's total
    $0 + $318,307 related

  • STEVEN H ROSENBERG

    FORMER CFO/TREASURER (TO 12/31)

    Total calculated
    $1,407,109
    From this org
    $0
    From related orgs
    $1,257,989
    Other
    $149,120
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $725,696 related
    Bonus
    $0 + $366,729 related
    Other
    $0 + $165,564 related
    Deferred
    $0 + $135,180 related
    Nontaxable benefits
    $0 + $13,940 related
    Filer's total
    $0 + $1,407,109 related

  • JEAN AHN

    CHIEF STRATEGY OFFICER

    Total calculated
    $988,913
    From this org
    $0
    From related orgs
    $893,065
    Other
    $95,848
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $476,497 related
    Bonus
    $0 + $318,564 related
    Other
    $0 + $98,004 related
    Deferred
    $0 + $92,940 related
    Nontaxable benefits
    $0 + $2,908 related
    Filer's total
    $0 + $988,913 related

  • KATHRYN D CULLINAN

    CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $666,803
    From this org
    $0
    From related orgs
    $573,450
    Other
    $93,353
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $343,979 related
    Bonus
    $0 + $200,000 related
    Other
    $0 + $29,471 related
    Deferred
    $0 + $69,000 related
    Nontaxable benefits
    $0 + $24,353 related
    Filer's total
    $0 + $666,803 related

  • MICHELLE ROBERTSON

    CHIEF OPERATING OFFICER

    Total calculated
    $599,927
    From this org
    $0
    From related orgs
    $534,257
    Other
    $65,670
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $400,296 related
    Bonus
    $0
    Other
    $0 + $133,961 related
    Deferred
    $0 + $49,038 related
    Nontaxable benefits
    $0 + $16,632 related
    Filer's total
    $0 + $599,927 related

  • WAYNE MCNULTY

    CHIEF COMPLIANCE OFFICER

    Total calculated
    $531,661
    From this org
    $0
    From related orgs
    $466,386
    Other
    $65,275
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $341,893 related
    Bonus
    $0 + $84,000 related
    Other
    $0 + $40,493 related
    Deferred
    $0 + $51,660 related
    Nontaxable benefits
    $0 + $13,615 related
    Filer's total
    $0 + $531,661 related

  • APRIL LAWRENCE

    REG RESPIRATORY THERAPIST

    Total calculated
    $197,120
    From this org
    $3,843
    From related orgs
    $191,495
    Other
    $1,782
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $3,843 + $170,186 related
    Bonus
    $0 + $21,180 related
    Other
    $0 + $129 related
    Deferred
    $0
    Nontaxable benefits
    $35 + $1,747 related
    Filer's total
    $3,878 + $193,242 related

  • DAWN WOODRUFF RN

    CHIEF NURSING OFFICER

    Total calculated
    $255,622
    From this org
    $215,192
    From related orgs
    $0
    Other
    $40,430
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,624
    Bonus
    $21,500
    Other
    $1,068
    Deferred
    $13,293
    Nontaxable benefits
    $27,137
    Filer's total
    $255,622

  • FLOYD RENAUD RN

    REGISTERED NURSE

    Total calculated
    $211,440
    From this org
    $37,984
    From related orgs
    $161,799
    Other
    $11,657
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $37,360 + $115,599 related
    Bonus
    $581 + $46,000 related
    Other
    $43 + $200 related
    Deferred
    $0
    Nontaxable benefits
    $2,559 + $9,098 related
    Filer's total
    $40,543 + $170,897 related

  • IRINA M PRISHCHEPOVA RN

    REGISTERED NURSE

    Total calculated
    $248,374
    From this org
    $209,802
    From related orgs
    $0
    Other
    $38,572
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,849
    Bonus
    $31,611
    Other
    $1,342
    Deferred
    $12,843
    Nontaxable benefits
    $25,729
    Filer's total
    $248,374

  • KATHERINE BENSON

    HOUSE SUPERVISOR

    Total calculated
    $215,699
    From this org
    $192,134
    From related orgs
    $0
    Other
    $23,565
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,209
    Bonus
    $6,800
    Other
    $3,125
    Deferred
    $11,663
    Nontaxable benefits
    $11,902
    Filer's total
    $215,699

  • CATHERINE FRIERSON

    FORMER CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $194,723
    From this org
    $0
    From related orgs
    $191,718
    Other
    $3,005
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $121,667 related
    Bonus
    $0
    Other
    $0 + $70,051 related
    Deferred
    $0 + $2,215 related
    Nontaxable benefits
    $0 + $790 related
    Filer's total
    $0 + $194,723 related

  • DONALD SOUCIER MD

    FORMER PRESIDENT OF MEDICAL STAFF

    Total calculated
    $600,178
    From this org
    $0
    From related orgs
    $548,980
    Other
    $51,198
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $496,678 related
    Bonus
    $0
    Other
    $0 + $52,302 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $32,898 related
    Filer's total
    $0 + $600,178 related

  • KERRY EATON

    FORMER CHIEF OPERATING OFFICER

    Total calculated
    $1,532,125
    From this org
    $0
    From related orgs
    $1,390,099
    Other
    $142,026
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $754,999 related
    Bonus
    $0 + $468,632 related
    Other
    $0 + $166,468 related
    Deferred
    $0 + $140,365 related
    Nontaxable benefits
    $0 + $1,661 related
    Filer's total
    $0 + $1,532,125 related

  • MARK K HIRKO MD

    FORMER PRESIDENT SHARON HOSPITAL; PRESIDENT PHC

    Total calculated
    $783,576
    From this org
    $451,523
    From related orgs
    $233,763
    Other
    $98,290
    Hours/week
    0 + 46 related

    Schedule J breakdown matched by us

    Base
    $371,998 + $111,618 related
    Bonus
    $0 + $115,000 related
    Other
    $79,525 + $7,145 related
    Deferred
    $48,191 + $24,949 related
    Nontaxable benefits
    $17,002 + $8,148 related
    Filer's total
    $516,716 + $266,860 related

  • PETER CORDEAU

    FORMER PRESIDENT SHARON HOSPITAL; PRESIDENT NHA

    Total calculated
    $845,550
    From this org
    $0
    From related orgs
    $723,112
    Other
    $122,438
    Hours/week
    0 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $500,454 related
    Bonus
    $0 + $131,000 related
    Other
    $0 + $91,658 related
    Deferred
    $0 + $79,980 related
    Nontaxable benefits
    $0 + $42,458 related
    Filer's total
    $0 + $845,550 related

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
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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, Line 1a Tax indemnification and gross-up payments
FOR THE FOLLOWING, BENEFITS REPORTED IN PART VII INCLUDES GROSS-UP PAYMENTS FOR A TAXABLE TRAVEL STIPEND AND/OR AN EMPLOYEE RECOGNITION AWARD: 4 HIGHEST COMPENSATED EMPLOYEES 1 OFFICER 1 FORMER OFFICER
Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
VASSAR HEALTH CONNECTICUT, INC. RELIED ON NUVANCE HEALTH, A RELATED TAX-EXEMPT ORGANIZATION, TO APPROVE AND DETERMINE COMPENSATION FOR THE CEO AND TOP MANAGEMENT, WHICH USED A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACTS, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO GATHER COMPARABLE DATA ON OTHER KEY EMPLOYEES.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
EFFECTIVE OCTOBER 1, 2020, NUVANCE HEALTH ESTABLISHED AN EXECUTIVE RETIREMENT PLAN IN ORDER TO PROVIDE NONQUALIFIED DEFINED CONTRIBUTION RETIREMENT BENEFITS TO DESIGNATED KEY MEMBERS OF ITS EXECUTIVE MANAGEMENT TEAM, SELECTED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. ONLY EXECUTIVES OCCUPYING DESIGNATED TIER 1 OR TIER 2 EXECUTIVE POSITIONS ARE ELIGIBLE TO PARTICIPATE IN THE PLAN. THE PLAN IS INTENDED TO COMPLY WITH SECTION 457(F) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. IN CALENDAR YEAR 2022, THE AMOUNTS EARNED BY THE PARTICIPANTS ARE REPORTED ON SCHEDULE J, PART II, COLUMN (C) RETIREMENT AND OTHER DEFERRED COMPENSATION. FOR CALENDAR YEAR 2022, AMOUNTS EARNED BY KEY MEMBERS OF THE EXECUTIVE MANAGEMENT TEAM WERE AS FOLLOWS: STEVEN H. ROSENBERG $108,180 KERRY EATON $110,402 JEAN AHN $74,640 CAROLYN MCKENNA $69,960 PETER CORDEAU $ 61,680 MARK K. HIRKO, MD $54,840 KATHRYN CULLINAN $50,700 MICHELLE ROBERTSON $37,203 WAYNE MCNULTY $33,360 CHRISTINA MCCULLOCH $33,244 DANIEL DEBARBA $26,320
Schedule J, Part I, Line 7 Non-fixed payments
NUVANCE HEALTH ANNUAL LEADERSHIP INCENTIVE PLAN (EXCERPTS FROM) THE PURPOSE OF THE NUVANCE HEALTH ANNUAL LEADERSHIP INCENTIVE PLAN ("PLAN") IS TO ENGAGE AND MOTIVATE THE ORGANIZATION'S LEADERS TO FURTHER THE CHARITABLE MISSION OF NUVANCE HEALTH, AND ITS AFFILIATES AND SUBSIDIARIES, BY PROMOTING EFFECTIVE MANAGEMENT OF OPERATIONS, DELIVERY OF HIGH-QUALITY CARE AND SERVICE, AND RESPONSIBLE USE OF RESOURCES TO MEET COMMUNITY NEEDS. THE PLAN IS INTENDED TO ASSIST NUVANCE HEALTH, AND ITS AFFILIATES AND SUBSIDIARIES TO ATTRACT AND RETAIN LEADERSHIP WITH THE TALENT AND EXPERIENCE NEEDED TO BE SUCCESSFUL BY PROVIDING MEANINGFUL INCENTIVES AND REWARDS FOR OUTSTANDING PERFORMANCE. INDIVIDUALS MUST BE AN ELIGIBLE EMPLOYEE TO BE CONSIDERED AS A PARTICIPANT IN THIS PLAN. AN ELIGIBLE EMPLOYEE IS AN INDIVIDUAL EMPLOYED BY NUVANCE HEALTH AND HOLDS A POSITION ASSIGNED TO ONE OF THE FOLLOWING TIERS, AS OF APRIL 30TH OF THE PLAN YEAR; - TIER I, PRESIDENT, CEO, SENIOR EXECUTIVE - TIER II, EXECUTIVE - TIER II(b), PHYSICIAN EXECUTIVE - TIER III, SENIOR LEADER (A) - TIER III, SENIOR LEADER (B) - TIER IV, LEADER (A) ORGANIZATIONAL GOALS ARE GENERALLY BASED ON THE FOLLOWING CATEGORIES AND ARE WEIGHTED THROUGH A SPLIT BETWEEN ORGANIZATIONAL AND INDIVIDUAL: - QUALITY AND SERVICE - PEOPLE AND CULTURE - PATIENT EXPERIENCE - FINANCIAL STRENGTH EACH PLAN YEAR, THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD ("THE COMMITTEE"), IN ITS SOLE DISCRETION AND UNLESS OTHERWISE APPROPRIATELY DELEGATED, SELECTS PARTICIPANTS FROM A LIST OF ELIGIBLE EMPLOYEES NOMINATED BY THE CEO. THE CEO, EX OFFICIO, IS AN ELIGIBLE EMPLOYEE FOR PURPOSES OF SELECTION TO PARTICIPATE IN THE PLAN. EACH PLAN YEAR, THE COMMITTEE, BASED ON INPUT FROM THE CEO, MAY ESTABLISH A THRESHOLD AWARD, A TARGET AWARD AND/OR A MAXIMUM AWARD FOR EACH PARTICIPANT. AWARD OPPORTUNITIES ARE ESTABLISHED BASED ON COMPETITIVE MARKET PRACTICES AND ON NUVANCE HEALTH'S COMPENSATION PHILOSOPHY. AWARD OPPORTUNITIES MAY BE BASED ON ADDITIONAL FACTORS, INCLUDING NUVANCE HEALTH'S FINANCIAL AND OPERATIONAL PERFORMANCE, REFLECTING MARKET PAY PRACTICES AND BENCHMARKING FOR COMPARABLE POSITIONS, AND ANY OTHER FACTORS DEEMED RELEVANT BY THE COMMITTEE. EACH PLAN YEAR, THE COMMITTEE, AND UNLESS OTHERWISE APPROPRIATELY DELEGATED FOR ANY PLAN YEAR, SHALL ESTABLISH PERFORMANCE GOALS TO EVALUATE THE PERFORMANCE OF EACH PARTICIPANT. AFTER COMPLETION OF EACH PLAN YEAR, THE COMMITTEE MAY EVALUATE WHETHER THE PERFORMANCE OF NUVANCE HEALTH AND PARTICIPANT MEETS OR EXCEEDS THE PERFORMANCE GOALS ESTABLISHED FOR THE PLAN YEAR. IF PERFORMANCE WARRANTS, THE COMMITTEE MAY APPROVE A FINAL AWARD AMOUNT FOR EACH PARTICIPANT AND APPROVE ANY ADDITIONAL CONDITION ON PAYMENT OF THE AWARD. NUVANCE HEALTH EXECUTIVE LONG TERM INCENTIVE PLAN (EXCERPTS FROM) ONLY EXECUTIVES OCCUPYING DESIGNATED TIER 1 EXECUTIVE POSITIONS SHALL BE ELIGIBLE EMPLOYEES TO PARTICIPATE IN THE PLAN. UNDER THE PLAN, PARTICIPANTS WILL BE ELIGIBLE TO RECEIVE INCENTIVE AWARD PAYMENTS BASED UPON THE ACHIEVEMENT OF SELECTED AND STRATEGICALLY IMPORTANT PERFORMANCE GOALS IDENTIFIED FOR EACH PERFORMANCE PERIOD. THE AWARD OPPORTUNITIES FOR AN ELIGIBLE EMPLOYEE WITH RESPECT TO A PERFORMANCE PERIOD SHALL BE EXPRESSED AS A PERCENTAGE OF HIS OR HER AVERAGE BASE SALARY IN EFFECT DURING THE APPLICABLE PERFORMANCE PERIOD. PRIOR TO THE BEGINNING OF EACH PERFORMANCE PERIOD, THE COMMITTEE MAY ESTABLISH A MINIMUM PERFORMANCE REQUIREMENT FOR NUVANCE HEALTH. NO FINAL AWARDS MAY BE GRANTED TO ANY PARTICIPANT FOR A PERFORMANCE PERIOD IN WHICH MINIMUM PERFORMANCE REQUIRMENTS, IN ANY, WERE NOT MET. THE FINAL AWARD PAYABLE TO EACH PARTICIPANT WILL BE DETERMINED WITHIN 60 DAYS FOLLOWING THE END OF THE PERFORMANCE PERIOD. AWARDS FOR A GIVEN PERFORMANCE PERIOD WILL BE PAID IN A SINGLE LUMP-SUM ON THE PAYMENT DATE PROVIDED HOWEVER, THAT NO PAYMENT WILL BE MADE UNTIL THE RESULTS ARE VERIFIED AND AUDITED.

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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
13 August 2024
IRS schema version
2022v5.0
Source object
202402269349301465

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