Form 990 for tax year 2022

Balance sheet

Part X, book values.

• 15 · Other assets

  beginning of year $3,178,000 · end of year $3,178,000

• 27 · Net assets without donor restrictions

  beginning of year $3,178,000 · end of year $3,178,000

The filer's explanations (Part III)

PART I, LINE 3:

ST. JOSEPH'S HEALTH, INC. UNDERTAKES A RIGOROUS PROCESS TO ENSURE THAT THE OFFICERS OF THE ORGANIZATION IS REASONABLE. IN RELEVANT PART, THE BOARD OF PERSONS THAT HAVE NO PERSONAL INTEREST IN THE PROPOSED COMPENSATION EXECUTIVE COMPENSATION IT PAYS TO ITS TOP MANAGEMENT OFFICIAL AND ALL TRUSTEES HAS ESTABLISHED A COMPENSATION COMMITTEE COMPRISED OF INDEPENDENT ARRANGEMENT. THE BOARD OF TRUSTEES USES AN INDEPENDENT COMPENSATION CONSULTANT TO HELP ADVISE ON THE APPROPRIATE COMPENSATION LEVELS FOR THE AFOREMENTIONED INDIVIDUALS. THAT COMPENSATION CONSULTANT WILL USE COMPARABILITY OR BENCHMARKING DATA (BASED ON INDUSTRY SURVEYS) THAT DOCUMENTS THE COMPENSATION OF PERSONS HOLDING SIMILAR POSITIONS IN SIMILAR ORGANIZATIONS. ONCE THE COMPENSATION CONSULTANT HAS MADE ITS RECOMMENDATIONS, THE SYSTEM'S COMPENSATION COMMITTEE MUST APPROVE THE COMPENSATION, WITHOUT INPUT OR VOTING PARTICIPATION BY THE PERSON WHOSE COMPENSATION IS BEING APPROVED OR BY ANY OTHER INDIVIDUAL WITH A CONFLICT OF INTEREST. THE FINAL DETERMINATION IS THEN DOCUMENTED IN COMMITTEE MINUTES. THOSE MINUTES WILL CONTAIN THE TERMS OF THE PROPOSED COMPENSATION, THE DECISIONS OF THOSE INDIVIDUALS WHO VOTED ON THE COMPENSATION, AND THE COMPARABILITY DATA THAT WAS RELIED UPON. OF INTEREST. THE FINAL DETERMINATION IS THEN DOCUMENTED IN COMMITTEE MINUTES. THOSE MINUTES WILL CONTAIN THE TERMS OF THE PROPOSED COMPENSATION, THE DECISIONS OF THOSE INDIVIDUALS WHO VOTED ON THE COMPENSATION, AND THE COMPARABILITY DATA THAT WAS RELIED UPON. PART I, LINE 4B: PARTICIPANTS WHO ARE EMPLOYED THROUGHOUT A PLAN YEAR SHALL BE ELIGIBLE FOR THE PLAN CONTRIBUTIONS FOR SUCH PLAN YEAR. PARTICIPANTS WHO ARE HIRED AFTER THE START OF A PLAN YEAR OR WHO BECOME ELIGIBLE FOR PARTICIPATION DURING THE COURSE OF A PLAN YEAR DUE TO PROMOTION SHALL BE ELIGIBLE TO RECEIVE A PRO-RATED SERP CONTRIBUTION. IN 2022, CERTAIN EXECUTIVES PARTICPATED IN THE 457F (SERP) PROGRAM. THE FOLLOWING CONTRIBUTIONS WERE MADE IN 2022: KEVIN J. SLAVIN - $ 381,129

Related partnerships

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

• ST JOSEPH'S SURGERY MANAGEMENT LLC

  MGMT SERVICES · NJ

Related corporations and trusts

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

• SJHS INSURANCE LIMITED

  C · CAPTIVE INSURANCE · BD · 100% owned · share of income -$4,127,620 · share of assets $58,699,983 · controlled entity

  Directly controlled by SJH INC

• ST JOSEPH'S HOSPITAL HOUSING CORP

  C · HOUSING · NJ

  Directly controlled by SJUMC

• ST JOSEPH'S HEALTH PHARMACY LLC

  C · PHARMACY · NJ

  Directly controlled by SJUMC

• ST JOSEPH'S HEALTH PARTNERS LLC

  C · VALUE BASED MANAGED CARE · NY

  Directly controlled by SJUMC