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Nonprofiteer
← FREEMAN HEALTH SYSTEM

Form 990 for tax year 2023

Filed by FREEMAN HEALTH SYSTEM.

Totals

Total revenue
$669,173,347
Total expenses
$659,568,841
Contributions and grants received
$1,983,702
Grants paid
$2,544,259
Program service revenue
$640,080,135
Investment income
$20,902,173
Other revenue
$6,207,337
Total assets, end of year
$731,186,945
Total liabilities, end of year
$172,750,426
Net assets or fund balances, end of year
$558,436,519
Program services expenses (Part IX)
$573,487,837
Management and general expenses
$85,937,573
Fundraising expenses
$143,431
Program service expenses (Part III)
$573,487,837

Program services were 86.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • J SCOTT BROTHERS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JIM ARMSTRONG

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • LANCE BESHORE PHD

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • PAULA F BAKER

    PRESIDENT AND CEO

    Total calculated
    $1,863,628
    From this org
    $1,460,265
    From related orgs
    $365,066
    Other
    $38,297
    Hours/week
    54 + 13.5 related

    Schedule J breakdown matched by us

    Base
    $1,008,323 + $252,081 related
    Bonus
    $409,942 + $102,485 related
    Other
    $42,000 + $10,500 related
    Deferred
    $7,320 + $1,830 related
    Nontaxable benefits
    $23,318 + $5,829 related
    Filer's total
    $1,490,903 + $372,725 related

  • BRANDON C DAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GLENN BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GLENN MCCUMBER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES FLEISCHAKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN M COX DO

    DIRECTOR

    Total calculated
    $594,962
    From this org
    $561,641
    From related orgs
    $0
    Other
    $33,321
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $541,248
    Bonus
    $1,450
    Other
    $18,943
    Deferred
    $9,150
    Nontaxable benefits
    $24,171
    Filer's total
    $594,962

  • LARRY MCINTIRE DO

    DIRECTOR

    Total calculated
    $179,917
    From this org
    $169,829
    From related orgs
    $0
    Other
    $10,088
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $137,883
    Bonus
    $2,420
    Other
    $29,526
    Deferred
    $9,150
    Nontaxable benefits
    $938
    Filer's total
    $179,917

  • MARK WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RODNEY MCFARLAND MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID L BAKER

    CMO

    Total calculated
    $810,404
    From this org
    $766,777
    From related orgs
    $0
    Other
    $43,627
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $611,357
    Bonus
    $138,920
    Other
    $16,500
    Deferred
    $9,150
    Nontaxable benefits
    $34,477
    Filer's total
    $810,404

  • JEFFERY E THOMPSON

    CHIEF CLINICAL OFFICER

    Total calculated
    $430,617
    From this org
    $399,378
    From related orgs
    $0
    Other
    $31,239
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $269,024
    Bonus
    $87,404
    Other
    $42,950
    Deferred
    $9,150
    Nontaxable benefits
    $22,089
    Filer's total
    $430,617

  • STEVE GRADDY

    CFO

    Total calculated
    $776,823
    From this org
    $619,612
    From related orgs
    $123,922
    Other
    $33,289
    Hours/week
    50 + 10 related

    Schedule J breakdown matched by us

    Base
    $452,411 + $50,482 related
    Bonus
    $144,235 + $28,847 related
    Other
    $22,966 + $44,593 related
    Deferred
    $7,625 + $1,525 related
    Nontaxable benefits
    $20,116 + $4,023 related
    Filer's total
    $647,353 + $129,470 related

  • KEVIN P GAUDETTE

    VP REVENUE CYCLE

    Total calculated
    $562,016
    From this org
    $523,481
    From related orgs
    $0
    Other
    $38,535
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $401,566
    Bonus
    $121,915
    Other
    $0
    Deferred
    $9,150
    Nontaxable benefits
    $29,385
    Filer's total
    $562,016

  • LEONARD T ROLLINS

    CHIEF INFORMATION OFFICER

    Total calculated
    $373,764
    From this org
    $343,542
    From related orgs
    $0
    Other
    $30,222
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $250,864
    Bonus
    $40,178
    Other
    $52,500
    Deferred
    $8,801
    Nontaxable benefits
    $21,421
    Filer's total
    $373,764

  • MARY A FRERER

    CHIEF HUMAN RESOURCE OFFICER

    Total calculated
    $297,412
    From this org
    $267,244
    From related orgs
    $0
    Other
    $30,168
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $208,902
    Bonus
    $36,394
    Other
    $21,948
    Deferred
    $7,993
    Nontaxable benefits
    $22,175
    Filer's total
    $297,412

  • MICHAEL B SANDERS

    CONTROLLER

    Total calculated
    $309,315
    From this org
    $277,135
    From related orgs
    $0
    Other
    $32,180
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $227,944
    Bonus
    $36,191
    Other
    $13,000
    Deferred
    $8,212
    Nontaxable benefits
    $23,968
    Filer's total
    $309,315

  • WESLEY B BRAMAN

    VP BUSINESS DEVELOPMENT

    Total calculated
    $358,757
    From this org
    $321,984
    From related orgs
    $0
    Other
    $36,773
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $248,856
    Bonus
    $43,189
    Other
    $29,939
    Deferred
    $9,150
    Nontaxable benefits
    $27,623
    Filer's total
    $358,757

  • DARWIN DAVID JEYARAJ

    PHYSICIAN

    Total calculated
    $2,151,893
    From this org
    $2,111,335
    From related orgs
    $0
    Other
    $40,558
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $1,455,466
    Bonus
    $633,369
    Other
    $22,500
    Deferred
    $9,150
    Nontaxable benefits
    $31,408
    Filer's total
    $2,151,893

  • JANE G SETO

    PHYSICIAN

    Total calculated
    $2,195,272
    From this org
    $2,170,430
    From related orgs
    $0
    Other
    $24,842
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $701,808
    Bonus
    $1,423,622
    Other
    $45,000
    Deferred
    $9,150
    Nontaxable benefits
    $15,692
    Filer's total
    $2,195,272

  • THOMAS LEE SANDERS

    PHYSICIAN

    Total calculated
    $2,166,881
    From this org
    $2,132,365
    From related orgs
    $0
    Other
    $34,516
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $1,790,624
    Bonus
    $305,891
    Other
    $35,850
    Deferred
    $9,150
    Nontaxable benefits
    $25,366
    Filer's total
    $2,166,881

  • TODD JOSEPH TWISS

    PHYSICIAN

    Total calculated
    $2,325,393
    From this org
    $2,287,153
    From related orgs
    $0
    Other
    $38,240
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $1,881,419
    Bonus
    $366,674
    Other
    $39,060
    Deferred
    $9,150
    Nontaxable benefits
    $29,090
    Filer's total
    $2,325,393

  • WILLIAM JOHN NICHOLAS

    PHYSICIAN

    Total calculated
    $2,761,136
    From this org
    $2,727,768
    From related orgs
    $0
    Other
    $33,368
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $1,947,039
    Bonus
    $758,229
    Other
    $22,500
    Deferred
    $9,150
    Nontaxable benefits
    $24,218
    Filer's total
    $2,761,136

  • Dennis Estep

    Physician

    Total calculated
    $421,913
    From this org
    $381,842
    From related orgs
    $0
    Other
    $40,071
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $287,878
    Bonus
    $41,704
    Other
    $52,260
    Deferred
    $9,150
    Nontaxable benefits
    $30,921
    Filer's total
    $421,913

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 6a · Pay contingent on this organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 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)

Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organization
FREEMAN HEALTH SYSTEM PROVIDES MANAGEMENT THE POTENTIAL TO RECEIVE AN AT-RISK PAYMENT BASED ON SYSTEM AND INDIVIDUAL GOAL ACHIEVEMENT. THE AMOUNT OF COMPENSATION IS BASED UPON A PERCENTAGE OF THE EMPLOYEE'S ANNUAL COMPENSATION AND IS SUBJECT TO BOARD APPROVAL.
Schedule J, Part II, Column (B)(ii) BONUS & INCENTIVE COMPENSATION:
THE ORGANIZATION PROVIDES PHYSICIANS THE POTENTIAL TO RECEIVE ANNUAL BONUS COMPENSATION. PHYSICIAN BONUSES ARE CALCULATED BASED ON GENERATING WORKED RELATIVE VALUE UNITS (WRVU). EMPLOYMENT CONTRACTS SPECIFY THE NUMBER OF REQUIRED WRVUS (TO OBTAIN AN ANNUAL SALARY) AND THE ADDITIONAL BONUS COMPENSATION PHYSICIANS WILL RECEIVE ONCE THE REQUIRED WRVUS HAVE BEEN MET. ADDITIONAL BONUS COMPENSATION IS CALCULATED BY MULTIPLYING THE WRVUS IN EXCESS OF REQUIRED WRVUS TIMES A PREDETERMINED COMPENSATION FACTOR. WRVUS SHALL BE COMPUTED BY USE OF THE APPROVED MEDICARE METHODS OF COMPUTATION FOR PHYSICIAN PRACTICES.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

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

  • FREEMAN SURGICAL CENTER LLC

    Related · AMBULATORY SURGERY · MO · 68.31% owned · share of income $11,280,819 · share of assets $3,660,827

    Directly controlled by FREEMAN HEALTH SYSTEM

Provenance

Return type
form_990
Tax year
2023
Filed
7 February 2025
IRS schema version
2023v6.0
Source object
202540389349300229

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.