Skip to content
Nonprofiteer
← CAPITAL HEALTH-EAST TRENTON INC

Form 990 for tax year 2022

Filed by CAPITAL HEALTH-EAST TRENTON INC.

Totals

Total revenue
$55,154,164
Total expenses
$156,041,612
Contributions and grants received
$1,690,501
Grants paid
$67,083
Program services expenses (Part IX)
$61,934,047
Management and general expenses
$94,107,565
Fundraising expenses
$0
Program service expenses (Part III)
$61,934,047

Program services were 39.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • BENJAMIN CARTER

    DIR THR 12/22; TRINITY EVP & COO

    Total calculated
    $2,857,735
    From this org
    $0
    From related orgs
    $2,758,940
    Other
    $98,795
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,408,317 related
    Bonus
    $0 + $910,000 related
    Other
    $0 + $440,623 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $80,495 related
    Filer's total
    $0 + $2,857,735 related

  • PASQUALE LUCIANO DO

    THORACIC AND CARDIOVASCULAR SURGEON

    Total calculated
    $828,120
    From this org
    $776,087
    From related orgs
    $26,662
    Other
    $25,371
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $688,469 + $26,662 related
    Bonus
    $82,114
    Other
    $5,504
    Deferred
    $3,300 + $113 related
    Nontaxable benefits
    $20,801 + $1,157 related
    Filer's total
    $800,188 + $27,932 related

  • DANIEL MOEN

    DIR, PRES AND CEO THROUGH 12/22

    Total calculated
    $756,511
    From this org
    $0
    From related orgs
    $684,723
    Other
    $71,788
    Hours/week
    53 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $649,940 related
    Bonus
    $0
    Other
    $0 + $34,783 related
    Deferred
    $0 + $13,725 related
    Nontaxable benefits
    $0 + $58,063 related
    Filer's total
    $0 + $756,511 related

  • C JAMES ROMANO MD

    SVP & CMO THROUGH 12/22

    Total calculated
    $718,331
    From this org
    $660,112
    From related orgs
    $15,536
    Other
    $42,683
    Hours/week
    47 + 3 related

    Schedule J breakdown matched by us

    Base
    $374,332 + $15,202 related
    Bonus
    $277,582
    Other
    $8,198 + $334 related
    Deferred
    $17,879 + $421 related
    Nontaxable benefits
    $23,445 + $938 related
    Filer's total
    $701,436 + $16,895 related

  • CATHERINE MIKUS

    SECY THR 12/22;TRINITY MID-ATLANT VP

    Total calculated
    $543,173
    From this org
    $0
    From related orgs
    $485,120
    Other
    $58,053
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $338,392 related
    Bonus
    $0 + $86,262 related
    Other
    $0 + $60,466 related
    Deferred
    $0 + $22,875 related
    Nontaxable benefits
    $0 + $35,178 related
    Filer's total
    $0 + $543,173 related

  • FREDRIC SEINFELD MD

    CARDIOTHORACIC SURGEON

    Total calculated
    $537,279
    From this org
    $478,762
    From related orgs
    $11,883
    Other
    $46,634
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $424,230 + $11,883 related
    Bonus
    $45,000
    Other
    $9,532
    Deferred
    $13,393 + $332 related
    Nontaxable benefits
    $31,787 + $1,122 related
    Filer's total
    $523,942 + $13,337 related

  • MARK KELLY

    TREASURER, VP FINANCE, CFO THR 12/22

    Total calculated
    $409,917
    From this org
    $354,804
    From related orgs
    $9,733
    Other
    $45,380
    Hours/week
    47 + 3 related

    Schedule J breakdown matched by us

    Base
    $238,004 + $9,669 related
    Bonus
    $115,236
    Other
    $1,564 + $64 related
    Deferred
    $17,811 + $489 related
    Nontaxable benefits
    $26,038 + $1,042 related
    Filer's total
    $398,653 + $11,264 related

  • SARA WALLACH MD

    CHAIR & PROGRAM DIRECTOR

    Total calculated
    $405,373
    From this org
    $364,430
    From related orgs
    $9,007
    Other
    $31,936
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $326,280 + $9,007 related
    Bonus
    $33,934
    Other
    $4,216
    Deferred
    $4,465 + $110 related
    Nontaxable benefits
    $26,448 + $913 related
    Filer's total
    $395,343 + $10,030 related

  • CHARLES KOSOSKY MD

    NEUROLOGY SPECIALIST

    Total calculated
    $377,002
    From this org
    $356,562
    From related orgs
    $8,799
    Other
    $11,641
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $316,907 + $8,799 related
    Bonus
    $32,999
    Other
    $6,656
    Deferred
    $0
    Nontaxable benefits
    $11,230 + $411 related
    Filer's total
    $367,792 + $9,210 related

  • VINUTA MOHAN MD

    ENDOCRINOLOGIST

    Total calculated
    $304,054
    From this org
    $271,138
    From related orgs
    $9,953
    Other
    $22,963
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $244,846 + $9,930 related
    Bonus
    $25,750
    Other
    $542 + $23 related
    Deferred
    $4,121 + $151 related
    Nontaxable benefits
    $17,972 + $719 related
    Filer's total
    $293,231 + $10,823 related

  • SEAN MURRAY

    TRUSTEE AS OF 12/22; TREASURER

    Total calculated
    $25,000
    From this org
    $0
    From related orgs
    $25,000
    Other
    $0
    Hours/week
    1 + 5 related

  • ALIREZA MAGHAZEHE

    TTEE AT 12/22; CHS PRESIDENT/CEO

    Total calculated
    $0
    Hours/week
    1 + 54 related

  • JOSEPH YOUNGBLOOD II

    DIRECTOR, CHAIR THROUGH 12/22

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARY GEARY

    DIRECTOR, VICE CHAIR THROUGH 12/22

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • BRIAN BENNETT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • SAMUEL FRISBY

    DIRECTOR THROUGH 12/22

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LILLIAN HARRINGTON MPF

    DIRECTOR THROUGH 12/22

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ZAKARIA MANIYA

    DIRECTOR THROUGH 12/22

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MONSIGNOR WALTER NOLAN

    DIRECTOR THROUGH 12/22

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • COLLEEN WOODS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • SAMUEL PLUMERI JR

    TRUSTEE AS OF 12/22; CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JOSHUA MARKOWITZ ESQ

    TRUSTEE AS OF 12/22; VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 5 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 — 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

  • 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)

PART I, LINE 3
CAPITAL HEALTH-EAST TRENTON WAS A SUBSIDIARY IN THE TRINITY HEALTH SYSTEM. CAPITAL HEALTH-EAST TRENTON'S CEO WAS PAID DIRECTLY BY THE SYSTEM'S PARENT ENTITY, TRINITY HEALTH CORPORATION. TRINITY HEALTH CORPORATION USED THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF CAPITAL HEALTH-EAST TRENTON'S CEO: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY, AND - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE THE ORGANIZATION IS AN AFFILIATE WITHIN CAPITAL HEALTH SYSTEM AND AFFILIATES ("SYSTEM") A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM WHICH INCLUDES CAPITAL HEALTH SYSTEM, INC. ("CHS"). KEY SENIOR MANAGEMENT PERSONNEL, INCLUDING THE PRESIDENT/CHIEF EXECUTIVE OFFICER, ARE EMPLOYED BY CHS THE TAX-EXEMPT HOSPITAL WITHIN THE HEALTHCARE SYSTEM. HOWEVER, THE COMPENSATION AND BENEFITS OF THESE INDIVIDUALS ARE SHOWN ON THIS TAX RETURN BECAUSE THEY ARE ALSO EITHER OFFICERS AND/OR BOARD MEMBERS OF THIS ORGANIZATION. ACCORDINGLY, THE HOSPITAL'S BOARD OF DIRECTORS HAS AN EXECUTIVE COMPENSATION COMMITTEE ("COMMITTEE"). THE COMMITTEE HAS ADOPTED A WRITTEN EXECUTIVE COMPENSATION PHILOSOPHY WHICH IT FOLLOWS WHEN IT REVIEWS AND APPROVES OF THE COMPENSATION AND BENEFITS OF ALL OF THE ORGANIZATION'S SENIOR MANAGEMENT AND OTHERS, INCLUDING THE CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER AND OTHER OFFICERS OF THE ORGANIZATION, PHYSICIANS, AND ANY OTHER DISQUALIFIED PERSONS. IT ALSO REVIEWS AND APPROVES EMPLOYMENT AGREEMENTS FOR THE COVERED EMPLOYEES AND DISQUALIFIED PERSONS. THE COMMITTEE REVIEWS THE "TOTAL COMPENSATION" OF THE INDIVIDUALS WHICH IS INTENDED TO INCLUDE BOTH CURRENT AND DEFERRED COMPENSATION AND ALL EMPLOYEE BENEFITS, BOTH QUALIFIED AND NON-QUALIFIED. THE COMMITTEE'S REVIEW IS DONE ON AT LEAST AN ANNUAL BASIS AND ENSURES THAT THE "TOTAL COMPENSATION" OF EACH SUCH INDIVIDUAL IS REASONABLE. THE ACTIONS TAKEN BY THE COMMITTEE ARE INTENDED FOR THE ORGANIZATION TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS FOR PURPOSES OF INTERNAL REVENUE CODE SECTION 4958 WITH RESPECT TO THE TOTAL COMPENSATION OF THE SENIOR MANAGEMENT TEAM. REBUTTAL PRESUMPTION REQUIREMENTS HAVE GUIDED THE ACTIVITIES OF THE COMMITTEE IN ALL OF ITS REVIEWS, DELIBERATIONS AND APPROVAL OF EXECUTIVE COMPENSATION ACTIONS FOR ALL OF THE COVERED EMPLOYEES AND DISQUALIFIED PERSONS. THE THREE FACTORS WHICH MUST BE SATISFIED IN ORDER TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS ARE THE FOLLOWING: 1. THE COMPENSATION ARRANGEMENT IS APPROVED IN ADVANCE BY AN "AUTHORIZED BODY" OF THE APPLICABLE TAX-EXEMPT ORGANIZATION WHICH IS COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A "CONFLICT OF INTEREST" WITH RESPECT TO THE COMPENSATION ARRANGEMENT 2. THE AUTHORIZED BODY OBTAINED AND RELIED UPON "APPROPRIATE DATA AS TO COMPARABILITY" PRIOR TO MAKING ITS DETERMINATION AND 3. THE AUTHORIZED BODY "ADEQUATELY DOCUMENTED THE BASIS FOR ITS DETERMINATION" CONCURRENTLY WITH MAKING THAT DETERMINATION. THE COMMITTEE IS COMPRISED OF MEMBERS OF THE BOARD OF DIRECTORS EACH OF WHOM IS INDEPENDENT AND ARE FREE FROM ANY CONFLICTS OF INTEREST. THE COMMITTEE RELIED UPON COMPARABILITY MARKET DATA PROVIDED BY ITS INDEPENDENT COMPENSATION CONSULTANT FROM COMPARABLE HEALTHCARE AND HOSPITAL PEERS BASED ON TAX-EXEMPT STATUS, REVENUE, LOCATION, SERVICES, AND OTHER FACTORS TO ENSURE THE EXECUTIVES' COMPENSATION IS REPRESENTATIVE OF THE EXECUTIVE TALENT MARKET AND COMPARED TO WHAT IS ORDINARILY PAID FOR LIKE SERVICES BY LIKE ENTERPRISES UNDER LIKE CIRCUMSTANCES" AS REFERENCED UNDER IRS REGULATIONS. CONTEMPORANEOUS MINUTES ARE COMPILED AND APPROVED FOR ALL COMMITTEE DELIBERATIONS. THESE ARE SUPPORTED BY THE WRITTEN DOCUMENTATION OF ALL PEER AND MARKET COMPENSATION STUDIES, AS WELL AS DETAILED PERFORMANCE JUSTIFICATION USED AS THE BASIS FOR AWARDS UNDER THE ORGANIZATION'S INCENTIVE PROGRAMS. RECOGNIZING THE NEED TO CONSIDER RETIREMENT PLANNING FOR ITS SENIOR MANAGEMENT AS A MEANS TO AID IN THEIR RETENTION, THE COMMITTEE MAINTAINS A FORM OF LONGTERM NON-QUALIFIED DEFERRED COMPENSATION (REFERRED TO AS THE "PERFORMANCE-BASED CAPITAL ACCUMULATION PLAN", OR "PBCAP"), WHICH IS PART OF THE CAPITAL HEALTH SYSTEM NON-QUALIFIED 457(F) DEFERRED COMPENSATION PLAN. PBCAP PROVIDES THE ORGANIZATION WITH AN ADDITIONAL TOOL TO ASSIST IN THE RECRUITMENT AND RETENTION OF SENIOR MANAGEMENT WITHIN THE HIGHLY COMPETITIVE HEALTHCARE LABOR MARKET. PBCAP PROVIDES SENIOR MANAGEMENT WITH THE OPPORTUNITY TO QUALIFY FOR ANNUAL DEFERRED CONTRIBUTIONS, BASED ON ACHIEVING SPECIFIED PERFORMANCE TARGETS AND MEETING ESTABLISHED CIRCUIT BREAKERS, TO BE PAID AT A FUTURE PRE-DETERMINED DATE CONTINGENT UPON CONTINUED SERVICE WITH THE ORGANIZATION. THE COMPENSATION AND BENEFITS OF CERTAIN OTHER INDIVIDUALS CONTAINED IN THIS FORM 990 ARE REVIEWED ANNUALLY BY THE PRESIDENT/CHIEF EXECUTIVE OFFICER WITH ASSISTANCE FROM ORGANIZATION'S HUMAN RESOURCES DEPARTMENT AND INDEPENDENT COMPENSATION CONSULTANTS IN CONJUNCTION WITH THE INDIVIDUAL'S JOB PERFORMANCE DURING THE YEAR, AND IS BASED UPON OTHER OBJECTIVE FACTORS DESIGNED TO ENSURE THAT REASONABLE AND FAIR MARKET VALUE COMPENSATION IS PAID BY THE ORGANIZATION. OTHER OBJECTIVE FACTORS INCLUDE MARKET SURVEY DATA FOR COMPARABLE POSITIONS, INDIVIDUAL GOALS AND OBJECTIVES, PERSONNEL REVIEWS, EVALUATIONS, SELF-EVALUATIONS AND PERFORMANCE FEEDBACK MEETINGS.
PART I, LINE 4B
THE FOLLOWING ARE PARTICIPANTS IN A TRINITY HEALTH SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) IN 2022. THE PLAN PROVIDES RETIREMENT BENEFITS TO CERTAIN TRINITY HEALTH EXECUTIVES SUBJECT TO MEETING SPECIFIED VESTING AND EMPLOYMENT DATE REQUIREMENTS. PARTICIPANTS' VESTED BENEFITS WERE PAID OUT IN 2022, AND THEIR NON-VESTED BENEFITS FOR 2022 WERE ACCRUED. THE FOLLOWING PAYOUTS FOR 2022 FOR THE PLAN ARE INCLUDED IN COLUMN B(III) OF SCHEDULE J, PART II: BENJAMIN CARTER - $392,875 CATHERINE MIKUS - $47,970 COLUMN F OF SCHEDULE J, PART II INCLUDES THE PORTION OF THESE AMOUNTS THAT WERE REPORTED AS DEFERRED COMPENSATION IN PRIOR YEARS. THE FOLLOWING IS A PARTICIPANT IN A TRINITY HEALTH RESTORATION PLAN. THE RESTORATION PLAN PROVIDES RETIREMENT BENEFITS FOR CERTAIN TRINITY HEALTH SYSTEM OFFICE EXECUTIVES WITH EARNINGS ABOVE THE IRS PAY CAP FOR QUALIFIED PLANS ($305,000 FOR 2022). THE FOLLOWING PAYOUTS FOR 2022 FOR THIS PLAN ARE INCLUDED IN COLUMN B(III) OF SCHEDULE J, PART II: DANIEL MOEN - $11,048
PART I, LINE 7
CERTAIN INDIVIDUALS LISTED IN PART VII, SECTION A, LINE 1A RECEIVED INCENTIVE AWARDS DURING CALENDAR YEAR 2022, WHICH INCENTIVE AWARDS ARE REFLECTED IN SCHEDULE J, PART II, COLUMN B(II) AND WERE REPORTED ON EACH SUCH INDIVIDUAL'S 2022 FORM W2, BOX 5, AS TAXABLE MEDICARE WAGES. THESE INCENTIVE AWARDS WERE PAID UNDER THE CAPITAL HEALTH INCENTIVE COMPENSATION PLAN ("ICP"), APPROVED BY THE BOARD COMPENSATION COMMITTEE, AND BASED ON ACHIEVEMENT OF PREESTABLISHED SYSTEMWIDE PERFORMANCE CRITERIA AND METRICS, AS WELL AS MEETING OR EXCEEDING SPECIFIC PERFORMANCE ON "CIRCUIT BREAKERS." THE ICP PROVIDES ELIGIBLE EXECUTIVES WITH THE OPPORTUNITY TO EARN PERFORMANCE BASED COMPENSATION AND IS AN INTEGRAL COMPONENT OF THE ORGANIZATION'S EXECUTIVE COMPENSATION PACKAGE. THE BOARD COMPENSATION COMMITTEE USES THE ICP AS A MECHANISM TO REWARD PERFORMANCE AGAINST ESTABLISHED KEY PERFORMANCE REQUIREMENTS. THE GOALS COVER FINANCIAL AND OPERATIONAL METRICS AND ARE DEFINED EACH YEAR, BASED ON THE DESIRED CONCENTRATION REQUIRED BY THE BOARD COMPENSATION COMMITTEE. THE BOARD COMPENSATION COMMITTEE UNDERTAKES A MIDYEAR REVIEW OF PERFORMANCE TOWARDS ACHIEVEMENT OF EACH GOAL, WHICH ALLOWS THE BOARD COMPENSATION COMMITTEE TO MONITOR HOW KEY PROJECTS ARE BEING HANDLED AND TO MAKE ADJUSTMENTS, IF NECESSARY. PLEASE REFER TO SCHEDULE J, PART II, COLUMN B(II) FOR THIS INFORMATION BY PERSON AND BY AMOUNT.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411369349302981

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.