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← ST VINCENT INFIRMARY DEVELOPMENT FOUNDATION

Form 990 for tax year 2023

Filed by ST VINCENT INFIRMARY DEVELOPMENT FOUNDATION.

Totals

Total revenue
$1,961,610
Total expenses
$719,115
Contributions and grants received
$732,003
Grants paid
$403,461
Program service revenue
$0
Investment income
$1,245,973
Other revenue
-$16,366
Total assets, end of year
$34,956,505
Total liabilities, end of year
$532,746
Net assets or fund balances, end of year
$34,423,759
Program services expenses (Part IX)
$656,668
Management and general expenses
$13,687
Fundraising expenses
$48,760
Program service expenses (Part III)
$656,668

Program services were 91.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ANTHONY HOUSTON

    FORMER SVHS PRESIDENT

    Total calculated
    $1,304,468
    From this org
    $0
    From related orgs
    $1,247,727
    Other
    $56,741
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $636,781 related
    Bonus
    $0 + $546,476 related
    Other
    $0 + $64,470 related
    Deferred
    $0 + $20,726 related
    Nontaxable benefits
    $0 + $36,015 related
    Filer's total
    $0 + $1,304,468 related

  • TROY HAMMETT

    DIV SVP CFO (PARTIAL YEAR)

    Total calculated
    $1,275,441
    From this org
    $0
    From related orgs
    $1,165,421
    Other
    $110,020
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $634,839 related
    Bonus
    $0 + $485,713 related
    Other
    $0 + $44,869 related
    Deferred
    $0 + $76,895 related
    Nontaxable benefits
    $0 + $33,125 related
    Filer's total
    $0 + $1,275,441 related

  • CHAD ADUDDELL

    MARKET PRESIDENT

    Total calculated
    $1,136,624
    From this org
    $0
    From related orgs
    $1,084,879
    Other
    $51,745
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $743,850 related
    Bonus
    $0 + $272,636 related
    Other
    $0 + $68,393 related
    Deferred
    $0 + $20,400 related
    Nontaxable benefits
    $0 + $31,345 related
    Filer's total
    $0 + $1,136,624 related

  • SHAWN BARNETT

    FORMER MKT SVP COO CFO

    Total calculated
    $762,586
    From this org
    $0
    From related orgs
    $669,936
    Other
    $92,650
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $433,809 related
    Bonus
    $0 + $190,451 related
    Other
    $0 + $45,676 related
    Deferred
    $0 + $64,761 related
    Nontaxable benefits
    $0 + $27,889 related
    Filer's total
    $0 + $762,586 related

  • SZOSTEK JOSHUA

    MARKET VP OPERATION FINANCE

    Total calculated
    $346,122
    From this org
    $0
    From related orgs
    $308,508
    Other
    $37,614
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $307,581 related
    Bonus
    $0
    Other
    $0 + $927 related
    Deferred
    $0 + $9,804 related
    Nontaxable benefits
    $0 + $27,810 related
    Filer's total
    $0 + $346,122 related

  • LAURA COOK

    FORMER SVP & COO

    Total calculated
    $298,546
    From this org
    $0
    From related orgs
    $289,526
    Other
    $9,020
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $5,251 related
    Bonus
    $0
    Other
    $0 + $284,275 related
    Deferred
    $0 + $8,986 related
    Nontaxable benefits
    $0 + $34 related
    Filer's total
    $0 + $298,546 related

  • KATHY TAYLOR

    MKT VP PHILANTHROPY

    Total calculated
    $243,838
    From this org
    $0
    From related orgs
    $221,096
    Other
    $22,742
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $197,808 related
    Bonus
    $0 + $800 related
    Other
    $0 + $22,488 related
    Deferred
    $0 + $12,084 related
    Nontaxable benefits
    $0 + $10,658 related
    Filer's total
    $0 + $243,838 related

  • MICHAEL MILLARD

    BOARD MEMBER/MARKET DIRECTOR MISSION

    Total calculated
    $127,415
    From this org
    $0
    From related orgs
    $94,847
    Other
    $32,568
    Hours/week
    1 + 40 related

  • SUSAN BLAIR

    CHAIR (BEG 9/23)

    Total calculated
    $0
    Hours/week
    1

  • RICK BLANK

    CHAIR (THRU 9/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ELIZA GAINES

    BOARD MEMBER/CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • WENDY SAER

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ALLISON ANTHONY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MEGHAN COLLINS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RAY DILLON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH FARRIS

    BOARD MEMBER (THRU 2/24)

    Total calculated
    $0
    Hours/week
    1

  • RICK FLEETWOOD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JACK GROBMYER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DENISE HANSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FRANK KUMPURIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GEORGE MAKRIS III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BARRETT NORTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT SEAY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN COGAN WADE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KIRBY WILLIAMS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
DURING THE CALENDAR YEAR 2023, COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL WAS ESTABLISHED AND PAID BY ST. VINCENT INFIRMARY MEDICAL CENTER, A RELATED ORGANIZATION. ST. VINCENT INFIRMARY MEDICAL CENTER USED ONE OR MORE OF THE METHODS DESCRIBED IN SCHEDULE J, PART I, LINE 3 TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION: (1) INDEPENDENT COMPENSATION CONSULTANT; (2) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 4A:
CERTAIN REPORTABLE INDIVIDUALS ARE COVERED BY AN EXECUTIVE SEVERANCE POLICY THAT PROVIDES MARKET-STANDARD COMPENSATION, RANGING FROM PAYMENTS OF 9 MONTHS TO 2 YEARS OF BASE COMPENSATION, DEPENDING ON THE EXECUTIVE'S POSITION, IN THE EVENT OF A POSITION ELIMINATION OR OTHER INVOLUNTARY TERMINATION, IN ACCORDANCE WITH THE GUIDELINES OF THE POLICY. CERTAIN REPORTABLE INDIVIDUALS ARE COVERED BY A NON-EXECUTIVE SEVERANCE POLICY THAT PROVIDES MARKET-STANDARD COMPENSATION, RANGING FROM PAYMENTS OF 2 WEEKS TO 52 WEEKS OF BASE COMPENSATION, DEPENDING ON THE EMPLOYEE'S POSITION AND TENURE, IN THE EVENT OF A POSITION ELIMINATION OR OTHER INVOLUNTARY TERMINATION, IN ACCORDANCE WITH THE GUIDELINES OF THE POLICY. THE FOLLOWING REPORTABLE INDIVIDUALS RECEIVED SEVERANCE PAYMENTS DURING THE 2023 CALENDAR YEAR, AND THESE SEVERANCE PAYMENTS WERE INCLUDED IN THE INDIVIDUALS' W-2 INCOME AND REPORTABLE COMPENSATION ON PART VII AND SCHEDULE J, PART II, COLUMN (B)(III): LAURA COOK, $284,275
PART I, LINE 4B:
DURING THE 2023 CALENDAR YEAR, COMMONSPIRIT HEALTH ("COMMONSPIRIT") MAINTAINED A SUPPLEMENTAL NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR DIVISION CEOS/PRESIDENTS AND OTHER DESIGNATED COMMONSPIRIT EXECUTIVES AT THE LEVEL OF SENIOR VICE PRESIDENT AND ABOVE. DURING 2023 THE FOLLOWING DISTRIBUTIONS WERE MADE BY COMMONSPIRIT FROM THE DEFERRED COMPENSATION PLAN: CHAD ADUDDELL, $116; TROY HAMMETT, $39,964; SHAWN BARNETT, $42,282. DUE TO THE "SUPER" VESTING RULES UNDER COMMONSPIRIT'S DEFERRED COMPENSATION PLAN, PARTICIPANTS WHO HAVE MET CERTAIN REQUIREMENTS SUCH AS INVOLUNTARY TERMINATION WITHOUT CAUSE, AGE, AGE AND YEARS OF SERVICE, OR MORE THAN 5 YEARS OF PLAN PARTICIPATION ARE ELIGIBLE TO RECEIVE THEIR 2023 CONTRIBUTIONS IN CASH. THESE CASH PAYOUTS ARE INCLUDED IN THE PARTICIPANT'S REPORTABLE COMPENSATION IN COLUMN (III) OTHER REPORTABLE COMPENSATION ON SCHEDULE J PART II. DURING 2023, THE FOLLOWING PAYMENTS WERE MADE PURSUANT TO THE SUPER VESTING RULES: CHAD ADUDDELL, $66,346; ANTHONY A HOUSTON, $62,762.
PART II:
ST. VINCENT FOUNDATION FOLLOWS COMMONSPIRIT'S EXECUTIVE COMPENSATION PHILOSOPHY. COMMONSPIRIT'S EXECUTIVE COMPENSATION PHILOSOPHY IS DESIGNED TO ASSIST COMMONSPIRIT IN ATTRACTING AND RETAINING THE CALIBER OF EXECUTIVES REQUIRED TO ENABLE COMMONSPIRIT TO FULFILL ITS MISSION OF PROVIDING HIGH QUALITY HEALTHCARE FOR ALL PERSONS REGARDLESS OF THEIR ABILITY TO PAY FOR SERVICES, IMPROVING THE QUALITY OF LIFE IN THE COMMUNITIES COMMONSPIRIT SERVES, PROMOTING PATIENT AND EMPLOYEE SATISFACTION, AND ENSURING FINANCIAL STABILITY. A SUBSTANTIAL PORTION OF EXECUTIVE COMPENSATION IS PERFORMANCE BASED AND IS LINKED TO ORGANIZATIONAL GOALS APPROVED IN ADVANCE BY THE HUMAN RESOURCES AND COMPENSATION COMMITTEE. THESE GOALS INCLUDE ATTAINMENT OF ANNUAL AND LONG-TERM FINANCIAL PERFORMANCE, CERTAIN HEALTHCARE QUALITY STANDARDS AND COMMONSPIRIT'S COMMITMENT TO SERVING THE POOR AND DISENFRANCHISED IN THE COMMUNITIES IT SERVES. TOTAL COMPENSATION, WHICH INCLUDES BASE SALARY, ANNUAL, AND LONG-TERM INCENTIVE COMPENSATION, IS ESTABLISHED TO APPROXIMATE THE PREVAILING MARKET CONDITIONS FOR EXECUTIVES OF COMPANIES OF SIMILAR SIZE, REVENUES AND COMPLEXITY. PAYMENTS PURSUANT TO A LONG-TERM FINANCIAL PERFORMANCE GOAL WERE PAID IN CALENDAR YEAR 2023.

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

Grants on this return

Related organizations on this return

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

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
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202511329349303996

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