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Nonprofiteer
← INTERMOUNTAIN HEALTHCARE FOUNDATION INC

Form 990 for tax year 2023

Filed by INTERMOUNTAIN HEALTHCARE FOUNDATION INC.

Totals

Total revenue
$69,136,932
Total expenses
$50,036,900
Contributions and grants received
$60,613,881
Grants paid
$45,238,093
Program service revenue
$0
Investment income
$9,395,220
Other revenue
-$872,169
Total assets, end of year
$1,098,352,123
Total liabilities, end of year
$582,502,645
Net assets or fund balances, end of year
$515,849,478
Program services expenses (Part IX)
$45,238,093
Management and general expenses
$1,489,558
Fundraising expenses
$3,309,249
Program service expenses (Part III)
$45,238,093

Program services were 90.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $29,340

  • 1c · Fundraising events

    $3,149,662

  • 1d · Related organizations

    $6,258,475

  • 1e · Government grants (contributions)

    $15,000

  • 1f · All other contributions, gifts and grants

    $51,161,404

  • 1g · Noncash contributions included above

    $3,249,564

  • 3 · Investment income

    total $8,852,821 · unrelated business -$75,950 · excluded $8,928,771

  • 7a · Gross sales of assets other than inventory

    securities $542,399

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $542,399

  • 7d · Net gain or loss

    total $542,399 · excluded $542,399

  • 8a · Fundraising events: gross income

    $1,267,898

  • 8a · Fundraising events: contributions included on line 1c

    $3,149,662

  • 8b · Fundraising events: direct expenses

    $2,140,067

  • 8c · Net income from fundraising events

    total -$872,169 · excluded -$872,169

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $45,238,093 · program services $45,238,093

  • 11a · Fees: management

    total $52,591 · fundraising $52,591

  • 11c · Fees: accounting

    total $36,723 · management and general $36,723

  • 11e · Fees: professional fundraising services

    total $376,975 · fundraising $376,975

  • 11f · Fees: investment management

    total $511,214 · management and general $511,214

  • 11g · Fees: other

    total $1,235,019 · management and general $205,450 · fundraising $1,029,569

  • 12 · Advertising and promotion

    total $389,302 · management and general $25,744 · fundraising $363,558

  • 13 · Office expenses

    total $1,098,283 · management and general $199,052 · fundraising $899,231

  • 14 · Information technology

    total $381,760 · management and general $362,523 · fundraising $19,237

  • 16 · Occupancy

    total $33,817 · management and general $1,232 · fundraising $32,585

  • 17 · Travel

    total $141,993 · management and general $31,781 · fundraising $110,212

  • 19 · Conferences, conventions and meetings

    total $17,944 · management and general $13,293 · fundraising $4,651

  • 22 · Depreciation, depletion and amortization

    total $26,927 · management and general $826 · fundraising $26,101

  • 24a · Other expenses: MEMBERSHIPS, LICENSES

    total $344,901 · management and general $85 · fundraising $344,816

  • 24b · Other expenses: SUPPLIES

    total $90,217 · management and general $62,610 · fundraising $27,607

  • 24c · Other expenses: DONOR RECOGNITION

    total $40,253 · management and general $39,025 · fundraising $1,228

  • 24d · Other expenses: RECRUITMENT

    total $20,888 · management and general $0 · fundraising $20,888

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $59,176,480 · end of year $112,725,998

  • 3 · Pledges and grants receivable

    beginning of year $148,073,166 · end of year $134,362,050

  • 11 · Investments: publicly traded securities

    beginning of year $615,150,960 · end of year $712,490,383

  • 12 · Investments: other securities

    beginning of year $67,324,164 · end of year $135,282,141

  • 15 · Other assets

    beginning of year $10,259,314 · end of year $3,491,551

  • 18 · Grants payable

    beginning of year $2,455,708 · end of year $4,311,482

  • 19 · Deferred revenue

    beginning of year $0 · end of year $51,087,554

  • 25 · Other liabilities

    beginning of year $436,556,296 · end of year $527,103,609

  • 27 · Net assets without donor restrictions

    beginning of year $78,854,091 · end of year $115,243,119

  • 28 · Net assets with donor restrictions

    beginning of year $382,117,989 · end of year $400,606,359

Mission and programs · 2023

Mission

PROVIDE STRATEGIC AND FIDUCIARY LEADERSHIP FOR THE PHILANTHROPIC ENDEAVORS OF IHC HEALTH SERVICES, INC.

Activities or mission (Part I)

PROVIDE STRATEGIC AND FIDUCIARY LEADERSHIP FOR PHILANTHROPIC ENDEAVORS OF IHC HEALTH SERVICES, INC.

  • INTERMOUNTAIN HEALTHCARE FOUNDATION, INC. ("FOUNDATION") SUPPORTED THE HEALTHCARE ACTIVITIES OF IHC HEALTH SERVICES, INC. ("HEALTH SERVICES") BY ENHANCING AND STRENGTHENING THE RELATIONSHIP BETWEEN THE FOUNDATION AND COMMUNITY LEADERS AND BY DEVELOPING FINANCIAL AND CHARITABLE SUPPORT.

    Expenses $45,238,093 · Grants $45,238,093

As filed on the 2023 return.

Listed in Part VII

  • Albert R Zimmerli

    TRUSTEE / VP / SEC / TREAS (PARTIAL)

    Total calculated
    $8,297,635
    From this org
    $0
    From related orgs
    $8,266,670
    Other
    $30,965
    Hours/week
    1 + 56 related

    Schedule J breakdown matched by us

    Base
    $0 + $256,243 related
    Bonus
    $0 + $1,019,415 related
    Other
    $0 + $6,991,012 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $17,765 related
    Filer's total
    $0 + $8,297,635 related

  • Robert W Allen

    TRUSTEE

    Total calculated
    $6,294,132
    From this org
    $0
    From related orgs
    $3,669,634
    Other
    $2,624,498
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,031,471 related
    Bonus
    $0 + $851,892 related
    Other
    $0 + $786,271 related
    Deferred
    $0 + $2,586,333 related
    Nontaxable benefits
    $0 + $38,165 related
    Filer's total
    $0 + $6,294,132 related

  • David L Flood

    EX OFFICIO TRUSTEE / PRESIDENT

    Total calculated
    $1,881,421
    From this org
    $0
    From related orgs
    $1,279,179
    Other
    $602,242
    Hours/week
    1 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $593,107 related
    Bonus
    $0 + $401,193 related
    Other
    $0 + $284,879 related
    Deferred
    $0 + $562,694 related
    Nontaxable benefits
    $0 + $39,548 related
    Filer's total
    $0 + $1,881,421 related

  • A Scott Anderson

    TRUSTEE / CHAIR

    Total calculated
    $1,138
    From this org
    $0
    From related orgs
    $1,138
    Other
    $0
    Hours/week
    1 + 4 related

  • Spencer F Eccles

    TRUSTEE

    Total calculated
    $1,138
    From this org
    $0
    From related orgs
    $1,138
    Other
    $0
    Hours/week
    1 + 4 related

  • Jerry Allen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brad Bonham

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Cyndi Woodbury Gilbert

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • James D Laub

    TRUSTEE / VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Nicole Mouskondis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Greg J Matis

    SECRETARY (PARTIAL)

    Total calculated
    $2,300,619
    From this org
    $0
    From related orgs
    $1,467,943
    Other
    $832,676
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $767,063 related
    Bonus
    $0 + $391,369 related
    Other
    $0 + $309,511 related
    Deferred
    $0 + $800,888 related
    Nontaxable benefits
    $0 + $31,788 related
    Filer's total
    $0 + $2,300,619 related

  • James Martello

    VICE PRESIDENT (PARTIAL)

    Total calculated
    $782,769
    From this org
    $0
    From related orgs
    $530,454
    Other
    $252,315
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $333,701 related
    Bonus
    $0 + $195,456 related
    Other
    $0 + $1,297 related
    Deferred
    $0 + $220,163 related
    Nontaxable benefits
    $0 + $32,152 related
    Filer's total
    $0 + $782,769 related

  • Colin Quincy

    TREASURER (PARTIAL)

    Total calculated
    $573,829
    From this org
    $0
    From related orgs
    $399,058
    Other
    $174,771
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $309,282 related
    Bonus
    $0 + $88,304 related
    Other
    $0 + $1,472 related
    Deferred
    $0 + $140,335 related
    Nontaxable benefits
    $0 + $34,436 related
    Filer's total
    $0 + $573,829 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, 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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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, LINES 4A-B
THE FOLLOWING INDIVIDUAL RECEIVED A SEVERANCE PAYMENT IN 2023: - ALBERT R. ZIMMERLI $6,640,096 IHC HEALTH SERVICES, INC., A RELATED TAX-EXEMPT ORGANIZATION, OFFERS A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. PARTICIPATION IN THE PLAN IS LIMITED TO EMPLOYEES DESIGNATED BY THE BOARD. THE AMOUNTS IN THE PLAN ARE NOT VESTED, ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE, AND MAY OR MAY NOT BE PAID IN THE FUTURE. AMOUNTS DEFERRED DURING 2023 FOR THE INDIVIDUALS REPORTED ON PART VII OF THE FORM 990 HAVE BEEN INCLUDED IN THE SCHEDULE J, PART II, COLUMN (C) TOTAL. THE FOLLOWING INDIVIDUAL RECEIVED A SUPPLEMENTAL EMPLOYER RETIREMENT PAYMENT FROM IHC HEALTH SERVICES, INC. IN 2023: - ALBERT R. ZIMMERLI $339,021 THE 2023 SUPPLEMENTAL EMPLOYER RETIREMENT PAYMENT REPORTED ABOVE IS INCLUDED IN THE PART II, COLUMN (B)(III) TOTALS.
PART II, COLUMN (C):
DURING 2023, BENEFITS FOR SEVERAL INDIVIDUALS WERE INCLUDED IN PART II, COLUMN (C) AS PART OF A RETENTION AGREEMENT PACKAGE.

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.

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.

Related partnerships

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

  • MCKAY DEE SURGICAL CENTER LLC

    N/A · OUTPATIENT SURGERY · UT

  • GRANDEUR PEAK INTERNATIONAL STALWARTS LP

    N/A · INVESTMENTS · DE

  • INNOVATION FUND HOLDINGS COMPANY LLC

    N/A · INNOVATION · DE

  • HEALTHBOX SALT LAKE CITY I LLC

    N/A · INNOVATION · DE

  • INTERMOUNTAIN VENTURES FUND LLC

    N/A · INVESTMENTS · DE

  • PELION OPPORTUNITY FUND III LLC

    N/A · INVESTMENTS · DE

  • AACP KOREA BUYOUT INVESTORS II LP

    N/A · INVESTMENTS · CJ

  • AACP SPECIAL SITUATIONS II LP

    N/A · INVESTMENTS · CJ

  • AACP KOREA BUYOUT INVESTORS IV LP

    N/A · INVESTMENTS · CJ

  • LOGAN SURGERY CENTER LLC

    N/A · OUTPATIENT SURGERY · UT

  • ST GEORGE SURGERY CENTER LLC

    N/A · OUTPATIENT SURGERY · UT

  • SALTZER ASC TEN MILE LLC

    N/A · OUTPATIENT SURGERY · ID

  • NORTHPOINTE SURGICAL CENTER LLC

    N/A · OUTPATIENT SURGERY · UT

  • PERFORMANCE EQUITY GROWTH OPPORTUNITIES FUND LP

    N/A · INVESTMENTS · DE

  • MURRAY SURGERY CENTER LLC

    N/A · OUTPATIENT SURGERY · UT

  • PROVO SURGERY CENTER LLC

    N/A · OUTPATIENT SURGERY · UT

  • SARATOGA SPRINGS SURGERY CENTER LLC

    N/A · OUTPATIENT SURGERY · UT

  • PARK CITY SURGERY CENTER LLC

    N/A · OUTPATIENT SURGERY · UT

  • PARK CITY SURGICAL CENTER REAL ESTATE LLC

    N/A · LEASES LAND · UT

  • SCLH-GI ENDOSCOPY HOLDINGS LLC

    N/A · OUTPATIENT ENDOSCOPY · CO

  • SCLTDI JV LLC

    N/A · RADIOLOGY · DE

  • ATHLETIC MEDICINE & PERFORMANCE LLC

    N/A · PHYSICAL THERAPY · MT

  • SUMMIT SURGERY CENTER LLC

    N/A · OUTPATIENT SURGERY · MT

  • GRAND VALLEY SURGICAL CENTER LLC

    N/A · OUTPATIENT SURGERY · CO

  • HEALTHCARE MANAGEMENT LLC

    N/A · MANAGEMENT SERVICES · CO

  • PAVILION IMAGING LLC

    N/A · RADIOLOGY · CO

  • SAN JUAN CANCER CENTER LLC

    N/A · OUTPATIENT CANCER · CO

  • CAREFLIGHT OF THE ROCKIES LLC

    N/A · MEDICAL AIR TRANSPORT · CO

  • MED-MAP LLC

    N/A · RENTAL REAL ESTATE · MT

  • YELLOWSTONE SURGERY CENTER LLC

    N/A · OUTPATIENT SURGERY · MT

  • GALLATIN VALLEY SURGERY CENTER LLC

    N/A · OUTPATIENT SURGERY · MT

  • FIRST FLIGHT OF WYOMING LLC

    N/A · MEDICAL AIR TRANSPORT · CO

  • CDHC 3 LLC

    N/A · INVESTMENTS · UT

  • ARK GLOBAL EMERGING COMPANIES LP

    N/A · INVESTMENTS · UT

  • MONUMENT HEALTH LLC

    N/A · HEALTH CARE NETWORK · CO

  • PELION OPPORTUNITY FUND IV LLC

    N/A · INVESTMENTS · DE

  • LAYTON SURGERY CENTER LLC

    N/A · OUTPATIENT SURGERY · UT

Related corporations and trusts

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

  • HEALTHCARE CAPTIVE INSURANCE COMPANY

    C · INSURANCE · AZ · controlled entity

  • SELECTHEALTH BENEFIT ASSURANCE COMPANY INC

    C · DELIVERY OF HEALTH BENEFITS · UT · controlled entity

  • ALLUCEO INC

    C · MENTAL HEALTH INTEGRATION SERVICES · DE · controlled entity

  • SALTZER MEDICAL GROUP INC

    C · MEDICAL SERVICES · ID · controlled entity

  • CLASSIC MEDICAL INC

    C · MEDICAL AIR TRANSPORTATION · UT · controlled entity

  • CLASSIC HELICOPTERS INC

    C · AIR TRANSPORT SUPPORT · UT · controlled entity

  • CULMINATION BIO INC

    C · BIOREPOSITORY · DE · controlled entity

  • CARITAS INC AND SUBSIDIARIES

    C · HEALTHCARE · KS · controlled entity

  • WEST END ASSOCIATION INC

    C · REAL ESTATE MANAGEMENT · MT · controlled entity

  • LEAVEN INSURANCE COMPANY LTD

    C · INSURANCE · CJ · controlled entity

  • ROCKY MOUNTAIN ACCOUNTABLE HEALTH NETWORK INC

    C · HEALTHCARE · MT · controlled entity

  • CAN YOU PLAY INC

    C · SOFTWARE DEVELOPMENT · UT · controlled entity

  • CARENT LABORATORY SOLUTIONS LLC

    C · MEDICAL LABORATORY · CO · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202403109349303375

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