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Nonprofiteer
← AVMED INC

Form 990 for tax year 2023

Filed by AVMED INC.

Totals

Total revenue
$698,732,792
Total expenses
$809,427,276
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$767,881,153
Management and general expenses
$41,546,123
Fundraising expenses
$0
Program service expenses (Part III)
$767,881,153

Program services were 94.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • COLIN DROZDOWSKI

    DIRECTOR/PRESIDENT

    Total calculated
    $1,711,423
    From this org
    $0
    From related orgs
    $1,514,230
    Other
    $197,193
    Hours/week
    7 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $911,158 related
    Bonus
    $0 + $487,901 related
    Other
    $0 + $115,171 related
    Deferred
    $0 + $165,810 related
    Nontaxable benefits
    $0 + $31,383 related
    Filer's total
    $0 + $1,711,423 related

  • DENNIS A MATHEIS

    DIRECTOR

    Total calculated
    $5,808,561
    From this org
    $0
    From related orgs
    $5,723,707
    Other
    $84,854
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,115,675 related
    Bonus
    $0 + $2,319,360 related
    Other
    $0 + $1,288,672 related
    Deferred
    $0 + $53,706 related
    Nontaxable benefits
    $0 + $31,148 related
    Filer's total
    $0 + $5,808,561 related

  • ROBERT C FORT

    DIRECTOR/CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CATHIE J VICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • FREDERICK C COBLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • G WILKINS HUBBARD II MD

    DIRECTOR

    Total calculated
    $296,997
    From this org
    $0
    From related orgs
    $263,478
    Other
    $33,519
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $263,478 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $33,496 related
    Nontaxable benefits
    $0 + $23 related
    Filer's total
    $0 + $296,997 related

  • J LESLIE HALL

    DIRECTOR

    Total calculated
    $2,077
    From this org
    $0
    From related orgs
    $2,077
    Other
    $0
    Hours/week
    1 + 3.2 related

  • JEFFERY O SMITH ED D

    DIRECTOR

    Total calculated
    $44,191
    From this org
    $0
    From related orgs
    $44,191
    Other
    $0
    Hours/week
    1 + 3.8 related

  • DARYL L JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES M REPP

    DIRECTOR

    Total calculated
    $2,032,811
    From this org
    $1,989,348
    From related orgs
    $0
    Other
    $43,463
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $710,322
    Bonus
    $1,012,630
    Other
    $266,396
    Deferred
    $13,200
    Nontaxable benefits
    $30,263
    Filer's total
    $2,032,811

  • NANCY R BOTERO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EARL J BARNES II

    SECRETARY

    Total calculated
    $1,238,374
    From this org
    $0
    From related orgs
    $1,094,606
    Other
    $143,768
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $739,648 related
    Bonus
    $0 + $225,826 related
    Other
    $0 + $129,132 related
    Deferred
    $0 + $113,312 related
    Nontaxable benefits
    $0 + $30,456 related
    Filer's total
    $0 + $1,238,374 related

  • ROBERT A BROERMANN

    TREASURER

    Total calculated
    $2,809,597
    From this org
    $0
    From related orgs
    $2,673,690
    Other
    $135,907
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,250,127 related
    Bonus
    $0 + $1,116,632 related
    Other
    $0 + $306,931 related
    Deferred
    $0 + $106,554 related
    Nontaxable benefits
    $0 + $29,353 related
    Filer's total
    $0 + $2,809,597 related

  • FRANK IZQUIERDO

    SR. VP PROVIDER SOLUTIONS

    Total calculated
    $970,146
    From this org
    $922,383
    From related orgs
    $0
    Other
    $47,763
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $394,411
    Bonus
    $481,033
    Other
    $46,939
    Deferred
    $13,200
    Nontaxable benefits
    $34,563
    Filer's total
    $970,146

  • CATHERINE A ALLEN

    SR. VP CHIEF MARKETING OFFICER

    Total calculated
    $964,293
    From this org
    $939,540
    From related orgs
    $0
    Other
    $24,753
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $394,773
    Bonus
    $483,853
    Other
    $60,914
    Deferred
    $7,674
    Nontaxable benefits
    $17,079
    Filer's total
    $964,293

  • ERIC D JOHNSON

    SR. VP CHIEF ACTUARY, CIO

    Total calculated
    $927,784
    From this org
    $885,592
    From related orgs
    $0
    Other
    $42,192
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $405,182
    Bonus
    $459,250
    Other
    $21,160
    Deferred
    $13,200
    Nontaxable benefits
    $28,992
    Filer's total
    $927,784

  • CHRISTINE M SHIPLEY

    SR. VP CHIEF PEOPLE OFFICER

    Total calculated
    $934,670
    From this org
    $907,133
    From related orgs
    $0
    Other
    $27,537
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $390,170
    Bonus
    $468,921
    Other
    $48,042
    Deferred
    $13,200
    Nontaxable benefits
    $14,337
    Filer's total
    $934,670

  • PAUL AITKEN MD

    SR. VP CMO (THRU 9/8/23)

    Total calculated
    $736,509
    From this org
    $699,947
    From related orgs
    $0
    Other
    $36,562
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $342,468
    Bonus
    $306,193
    Other
    $51,286
    Deferred
    $13,200
    Nontaxable benefits
    $23,362
    Filer's total
    $736,509

  • TIMOTHY MATSUBARA

    VP FINANCE

    Total calculated
    $678,295
    From this org
    $633,212
    From related orgs
    $0
    Other
    $45,083
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $311,285
    Bonus
    $290,340
    Other
    $31,587
    Deferred
    $13,200
    Nontaxable benefits
    $31,883
    Filer's total
    $678,295

  • ROBERT D BONNELL MD

    REGIONAL MEDICAL DIRECTOR

    Total calculated
    $692,713
    From this org
    $646,550
    From related orgs
    $0
    Other
    $46,163
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $315,643
    Bonus
    $278,577
    Other
    $52,330
    Deferred
    $11,437
    Nontaxable benefits
    $34,726
    Filer's total
    $692,713

  • JAVIER MENDOZA

    VP PRODUCT PORTFOLIO MGMT

    Total calculated
    $628,653
    From this org
    $590,683
    From related orgs
    $0
    Other
    $37,970
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $289,130
    Bonus
    $252,872
    Other
    $48,681
    Deferred
    $10,527
    Nontaxable benefits
    $27,443
    Filer's total
    $628,653

  • ANDRES GONZALEZ

    VP DEPUTY GENERAL COUNSEL

    Total calculated
    $594,837
    From this org
    $581,752
    From related orgs
    $0
    Other
    $13,085
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $290,290
    Bonus
    $243,593
    Other
    $47,869
    Deferred
    $9,211
    Nontaxable benefits
    $3,874
    Filer's total
    $594,837

  • IAN M ANDES

    VP PROVIDER CONTRACT & SVS

    Total calculated
    $565,838
    From this org
    $539,406
    From related orgs
    $0
    Other
    $26,432
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $278,675
    Bonus
    $233,928
    Other
    $26,803
    Deferred
    $11,545
    Nontaxable benefits
    $14,887
    Filer's total
    $565,838

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 · 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

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

The filer's explanations (Part III)

PART I, LINE 1A
TAX GROSS-UP PAYMENTS OCCUR FOR GROUP VARIABLE LIFE INSURANCE PREMIUMS PAID ON BEHALF OF THE LISTED AND OTHER EMPLOYEES. EMPLOYER PAID PREMIUMS ARE DEEMED TO BE TAXABLE COMPENSATION AND ARE GROSSED-UP FOR THE TAX IMPACT PRIOR TO BEING ADDED AS IMPUTED INCOME TO AN EMPLOYEE'S YEAR-END FORM W-2. TAX GROSS-UP PAYMENTS ARE PROVIDED FOR VESTED DISTRIBUTIONS FROM THE DEFINED CONTRIBUTION AND (NOW FROZEN) DEFINED BENEFIT PENSION RESTORATION PLANS.
PART I, LINE 3
SENTARA HEALTH, THE 501(C)(3) TAX EXEMPT PARENT OF THE SENTARA HEALTH SYSTEM, ESTABLISHED THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL THROUGH THE USE OF A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, A COMPENSATION STUDY, AND APPROVAL BY SENTARA HEALTH'S COMPENSATION COMMITTEE. SENTARA HEALTH RECOGNIZES THAT PROVIDING THE BEST POSSIBLE CARE REQUIRES US TO ATTRACT AND RETAIN THE VERY BEST EMPLOYEES. OUR ORGANIZATION IS COMMITTED TO INVESTING IN OUR PEOPLE BY OFFERING COMPETITIVE COMPENSATION OPPORTUNITIES AND A STRONG WORKPLACE ENVIRONMENT. THE SENTARA HEALTH BOARD HAS DIRECTED A COMMITTEE OF INDEPENDENT, CONFLICT-FREE BOARD MEMBERS TO DEVOTE THEIR TIME AND ATTENTION TO THE OVERSIGHT OF SENTARA HEALTH'S EXECUTIVE COMPENSATION AND BENEFITS PROGRAMS. THE COMPENSATION COMMITTEE CONSISTS OF PROFESSIONAL, EXPERIENCED, AND DEDICATED BOARD MEMBERS WHO TAKE THIS RESPONSIBILITY VERY SERIOUSLY. THE COMPENSATION COMMITTEE FOLLOWS GOVERNANCE BEST PRACTICES IN THE REVIEW AND APPROVAL OF EXECUTIVE COMPENSATION. THE COMPENSATION COMMITTEE IS ASSISTED BY OUTSIDE ADVISORS WHO ARE ENGAGED BY THE COMMITTEE.
PART I, LINE 4B
THE ORGANIZATION MAINTAINS TWO ACTIVE NONQUALIFIED DEFERRED COMPENSATION RETIREMENT PLANS FOR A CERTAIN GROUP OF EXECUTIVES. ONE PLAN RESTORES RETIREMENT BENEFITS EQUIVALENT TO QUALIFIED 401(K) BENEFITS ON INCOME EARNED IN EXCESS OF THE INTERNAL REVENUE SERVICE CODE SECTION 401(A)(17) RECOGNIZABLE PAY LIMITS (A DEFINED CONTRIBUTION RESTORATION PLAN.) VESTING FOR THIS PLAN IS ACHIEVED AT AGE 55 AND 10 YEARS OF SERVICE OR AT AGE 65 AND 5 YEARS OF SERVICE. THE SECOND SUPPLEMENTAL DEFINED CONTRIBUTION PLAN PROVIDES ADDITIONAL RETIREMENT INCOME BASED ON A PERCENTAGE OF BASE SALARY AND VESTS AT THREE AND FIVE YEARS OF SERVICE. LISTED PERSONS VESTED AND RECEIVED PAYMENTS FROM SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS DURING 2023 AS FOLLOWS: JAMES M. REPP 232,844 ANDRES GONZALEZ 44,852 CATHERINE A. ALLEN 40,517 CHRISTINE M. SHIPLEY 36,695 ROBERT D. BONNELL, M.D. 33,403 JAVIER MENDOZA 29,176 FRANK IZQUIERDO 26,601 ERIC D. JOHNSON 18,563 TIMOTHY MATSUBARA 15,675 IAN M. ANDES 14,494 ROBERT BROERMANN, DENNIS MATHEIS, COLIN DROZDOWSKI, AND EARL BARNES, II PARTICIPATED IN THE SENTARA CAPITAL ACCUMULATION ACCOUNT PLAN. THE CAPITAL ACCUMULATION PLAN IS A NONQUALIFIED DEFERRED COMPENSATION PROGRAM. SUCH PLANS ARE COMMONLY OFFERED TO NOT-FOR-PROFIT HEALTH CARE EXECUTIVES TO PROVIDE ADDITIONAL RETIREMENT BENEFITS TO SUPPLEMENT LIMITATIONS IN QUALIFIED PLANS. PARTICIPATION IS LIMITED TO A SELECT GROUP OF CORPORATE EXECUTIVES AS APPROVED BY SENTARA HEALTH'S BOARD OF DIRECTOR'S COMPENSATION COMMITTEE. TERMS OF THE PLAN CHANGED EFFECTIVE JANUARY 1, 2009, WHEREBY VESTING OF CONTRIBUTIONS MADE ON OR AFTER THAT DATE NOW OCCURS ON THE EARLIER OF FIVE YEARS FOR EACH YEARS' CONTRIBUTIONS OR AGE 55 WITH 10 YEARS OF SERVICE. EFFECTIVE JANUARY 1, 2023, VESTING OF CONTRIBUTIONS EXPANDED TO INCLUDE AGE 60 WITH 5 YEARS OF SERVICE FROM THE DATE OF HIRE, OR AGE 65 WITH 2 YEARS OF SERVICE FROM THE CAA PLAN ENTRY DATE. UNDER THE OLD TERMS, VESTING OF CONTRIBUTIONS MADE PRIOR TO JANUARY 1, 2009 OCCURS ON THE EARLIEST OF ASSIGNED DISTRIBUTION DATE, DEATH, INVOLUNTARY TERMINATION WITHOUT CAUSE OR COMPLETION OF TWO-YEAR NON-COMPETE AFTER VOLUNTARY TERMINATION (REGARDLESS OF ORIGINAL ASSIGNED DISTRIBUTION DATE). FICA AND FUTA TAXATION OF PRE-2009 CONTRIBUTIONS MAY OCCUR EARLIER THAN FEDERAL INCOME TAXATION IN ACCORDANCE WITH APPLICABLE LAW. DURING 2023, THE FOLLOWING CORPORATE EXECUTIVES RECEIVED TAXABLE DISTRIBUTIONS UNDER THE PLAN: ROBERT BROERMANN ($222,448) AND DENNIS MATHEIS ($1,243,768). THESE AMOUNTS HAVE BEEN REPORTED IN COLUMN (B)(III) OF SCHEDULE J, PART II.
PART I, LINE 4
CERTAIN SENIOR EXECUTIVES OF THE SENTARA HEALTH SYSTEM ARE COVERED BY THE SENTARA HEALTH EXECUTIVE CHANGE IN CONTROL AND SEVERANCE BENEFIT PLAN. THE PLAN PROVIDES FOR SPECIFIED SEVERANCE PAY AND BENEFITS IN THE EVENT OF INVOLUNTARY TERMINATION OF EMPLOYMENT THAT OCCURS: (1) IN THE ORDINARY COURSE OF EMPLOYMENT OR (2) WITHIN TWO YEARS FOLLOWING A QUALIFYING CHANGE IN CONTROL TO ELIGIBLE INDIVIDUALS AS DEFINED IN THE PLAN. PLAN BENEFITS VARY BASED UPON AN ELIGIBLE INDIVIDUAL'S TIER LEVEL AND WHETHER THE TERMINATION IS OR IS NOT WITHIN TWO YEARS FOLLOWING A CHANGE IN CONTROL, BUT GENERALLY RANGE BETWEEN 12 - 18 MONTHS. THE PLAN IS UNFUNDED AND DESIGNED AS AN ERISA TOP HAT WELFARE BENEFIT PLAN. DURING 2023, CERTAIN LISTED EMPLOYEES OF THE FILING ORGANIZATION WHICH WERE NOT COVERED UNDER THE ABOVE PLAN WERE COVERED UNDER A SEVERANCE POLICY WHICH INCLUDED MONTHLY PAYMENTS UP TO A MAXIMUM OF 12 - 36 MONTHS UNDER QUALIFYING CIRCUMSTANCES AND DEPENDING ON POSITION. NO ONE LISTED RECEIVED SEVERANCE OR CHANGE OF CONTROL PAYMENTS DURING 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202413139349304401

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