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Nonprofiteer
← WYOMING MEDICAL CENTER INC

Form 990 for tax year 2023

Filed by WYOMING MEDICAL CENTER INC.

Totals

Total revenue
$260,035,087
Total expenses
$259,007,711
Contributions and grants received
$6,219,597
Grants paid
$30,500
Program services expenses (Part IX)
$180,204,466
Management and general expenses
$78,803,245
Fundraising expenses
$0
Program service expenses (Part III)
$180,204,466

Program services were 69.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MARGO KARSTEN

    DIVISION PRESIDENT

    Total calculated
    $1,389,601
    From this org
    $0
    From related orgs
    $1,075,459
    Other
    $314,142
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $509,679 related
    Bonus
    $0 + $483,703 related
    Other
    $0 + $82,077 related
    Deferred
    $0 + $289,998 related
    Nontaxable benefits
    $0 + $24,144 related
    Filer's total
    $0 + $1,389,601 related

  • LANCE PORTER

    CEO, LARGE FACILITY

    Total calculated
    $557,799
    From this org
    $0
    From related orgs
    $443,342
    Other
    $114,457
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $253,008 related
    Bonus
    $0 + $167,251 related
    Other
    $0 + $23,083 related
    Deferred
    $0 + $90,474 related
    Nontaxable benefits
    $0 + $23,983 related
    Filer's total
    $0 + $557,799 related

  • DAN WEINMAN

    VP. STRATEGY & PLANNING

    Total calculated
    $1,079,067
    From this org
    $0
    From related orgs
    $855,506
    Other
    $223,561
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $516,812 related
    Bonus
    $0 + $290,279 related
    Other
    $0 + $48,415 related
    Deferred
    $0 + $195,967 related
    Nontaxable benefits
    $0 + $27,594 related
    Filer's total
    $0 + $1,079,067 related

  • AMY PERRY

    PRESIDENT & COO

    Total calculated
    $5,637,331
    From this org
    $0
    From related orgs
    $3,808,609
    Other
    $1,828,722
    Hours/week
    2 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,157,323 related
    Bonus
    $0 + $2,623,884 related
    Other
    $0 + $27,402 related
    Deferred
    $0 + $1,796,410 related
    Nontaxable benefits
    $0 + $32,312 related
    Filer's total
    $0 + $5,637,331 related

  • JEAN LANCE SECRETARY EVP

    CHIEF LEGAL OFF. & GEN. COUNSEL

    Total calculated
    $1,692,141
    From this org
    $0
    From related orgs
    $1,087,861
    Other
    $604,280
    Hours/week
    2 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $547,860 related
    Bonus
    $0 + $490,970 related
    Other
    $0 + $49,031 related
    Deferred
    $0 + $580,820 related
    Nontaxable benefits
    $0 + $23,460 related
    Filer's total
    $0 + $1,692,141 related

  • BRENDA SCHAEFER TREASURER

    VP, CHIEF INVESTMENT OFFICER

    Total calculated
    $833,719
    From this org
    $0
    From related orgs
    $678,427
    Other
    $155,292
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $381,762 related
    Bonus
    $0 + $256,713 related
    Other
    $0 + $39,952 related
    Deferred
    $0 + $143,378 related
    Nontaxable benefits
    $0 + $11,914 related
    Filer's total
    $0 + $833,719 related

  • DONALD NORDLUND EVP

    CHIEF STRATEGY & GROWTH OFFICER

    Total calculated
    $2,691,224
    From this org
    $0
    From related orgs
    $1,817,866
    Other
    $873,358
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $701,412 related
    Bonus
    $0 + $1,005,991 related
    Other
    $0 + $110,463 related
    Deferred
    $0 + $854,057 related
    Nontaxable benefits
    $0 + $19,301 related
    Filer's total
    $0 + $2,691,224 related

  • ELIZABETH AVANT DIR LEGAL

    OPERATIONS & ASSISTANT SECRETARY

    Total calculated
    $165,882
    From this org
    $0
    From related orgs
    $153,045
    Other
    $12,837
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,465 related
    Bonus
    $0 + $18,981 related
    Other
    $0 + $599 related
    Deferred
    $0 + $5,251 related
    Nontaxable benefits
    $0 + $7,586 related
    Filer's total
    $0 + $165,882 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

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 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
FIRST CLASS AND BUSINESS CLASS TRAVEL ARE NOT REIMBURSABLE EXCEPT AS FOLLOWS: (A) AS SET FORTH IN A WRITTEN AGREEMENT APPROVED BY THE BANNER HEALTH BOARD COMPENSATION COMMITTEE; OR (B) UPON PRIOR WRITTEN APPROVAL OF THE BANNER HEALTH CEO BASED ON BUSINESS NEED. FIRST CLASS OR BUSINESS CLASS UPGRADES OR COUPON BOOKS ARE NOT REIMBURSABLE, UNLESS: (A) AS SET FORTH IN A WRITTEN AGREEMENT APPROVED BY THE BANNER HEALTH BOARD COMPENSATION COMMITTEE; OR (B) UPON PRIOR WRITTEN APPROVAL OF THE BANNER HEALTH CEO BASED ON BUSINESS NEED.
PART I, LINE 4B
EXEC 457(F) - COVERED APPROXIMATELY 100 FORMER AND CURRENT EXECUTIVES. THIS NONQUALIFIED PLAN IS HELD AT FIDELITY INVESTMENTS. VESTING OCCURS UPON MEETING VESTING REQUIREMENTS (SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE). - AWARDS ARE SUBJECT TO A ROLLING THREE-YEAR VESTING SCHEDULE-OR A TEAM MEMBER REACHES THE AGE OF 65, 3 YEARS FROM THE DATE OF DEPOSIT. TAXATION OCCURS UPON DISTRIBUTION (IF VESTED). THE ONLY CONTRIBUTIONS ALLOWED ARE EMPLOYER CONTRIBUTIONS. PAYOUT AMOUNTS ARE TAXABLE AND INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). DEPOSIT AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C). 2023 457(F) ACCRUALS: AMY PERRY - $175,294 MARGO KARSTEN - $44,064 JEAN LANCE - $38,826 LANCE PORTER - $435 BRENDA SCHAEFER - $11,465 DAN WEINMAN - $17,501 2023 457(F) DISTRIBUTIONS: MARGO KARSTEN - $55,854 BRENDA SCHAEFER - $14,782 DAN WEINMAN - $22,927 JEAN LANCE - $22,510
PART I, LINE 6
CERTAIN INDIVIDUALS PARTICIPATE IN A LONG-TERM INCENTIVE PLAN (LTIP) COVERING THREE-YEAR CYCLES FROM 2020-2022, 2021-2023, 2022-2024 AND 2023-2025. THE LTIP WAS DESIGNED AT THE INITIATIVE OF BANNER HEALTH BOARD OF DIRECTORS WITH THE ASSISTANCE OF WILLIS TOWERS WATSON AND ALL COMPONENTS WERE APPROVED BY THE BOARD. THE PLANS' AREAS OF PERFORMANCE TARGETS INCLUDE: STARTS RATING IMPROVEMENT, TRANSFORM REVENUE CYCLE ($ IMPROVEMENT), AND BUILD OUR BENCH TO REFLECT COMMUNITIES (VOICE, MINORITY %, SUCCESSION), AND OTHER KEY LONG-TERM INITIATIVES. AWARDS ARE CALCULATED AS A PERCENTAGE OF BASE SALARY ON THE LAST DAY OF THE THREE-YEAR CYCLE, AND OPPORTUNITY VARIES BY POSITION LEVEL. THE PLAN REQUIRES A THRESHOLD LEVEL OF FINANCIAL PERFORMANCE BEFORE ANY AWARDS CAN BE MADE, AND THE AMOUNT OF THE AWARDS VARIES WITH THE DEGREE OF ACHIEVEMENT OF THE TARGETS. THE MAXIMUM LTIP PAYOUT OPPORTUNITY RANGES FROM 30% TO 255% OF THE BASE SALARY AS OF DECEMBER 31 IN THE LAST YEAR OF THE THREE-YEAR PLAN. AWARDS HAVE BEEN ACCRUED UNDER THE LTIP, BUT NO PAYMENTS ARE MADE UNTIL AFTER YEAR-END AND ACHIEVEMENT IS VERIFIED BY THE BANNER HEALTH BOARD COMPENSATION COMMITTEE AND APPROVED BY THE FULL BOARD OF DIRECTORS OF BANNER HEALTH . ALL LTIP COMPENSATION PAYMENTS ARE REPORTED IN THE INCENTIVE AND BONUS COMPENSATION SHOWN IN SCHEDULE J, PART II, COLUMN (B)(II). AMOUNTS PAID FOR THE 2020-2022 CYCLE ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B) AS BONUS & INCENTIVE COMPENSATION. AMOUNTS ACCRUED FOR 2023 FOR THE 2021-2023, 2022-2024, AND 2023-2025 CYCLES (TO BE PAID OUT IN 2024, 2025 AND 2026 RESPECTIVELY) ARE REPORTED IN SCHEDULE J, PART II, COLUMN (C) AS DEFERRED COMPENSATION. BANNER HEALTH HAS A MANAGEMENT INCENTIVE PLAN (MIP) WHICH IS BASED ON COMPANY ACHIEVEMENT OF SEVERAL FINANCIAL AND NON-FINANCIAL/CLINICAL QUALITY METRICS THAT ARE ESTABLISHED ANNUALLY BY THE BANNER HEALTH BOARD OF DIRECTORS. AWARDS ARE GRANTED AS A PERCENTAGE OF THE PARTICIPANT'S BASE SALARY AND VARY WITH THE POSITION LEVEL OF THE PARTICIPATING EMPLOYEE, RANGING FROM 7% TO 110% OF BASE SALARY. IN 2023, THERE WERE 1,440 MIP PARTICIPANTS. THE MIP WAS ACCRUED IN 2022 FOR THE 2023 MIP PAYOUT. MIP COMPENSATION IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(II).

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
2023
Filed
22 October 2024
IRS schema version
2023v5.1
Source object
202422979349301502

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