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Nonprofiteer
← OWENSBORO HEALTH TWIN LAKES REGIONAL MEDICAL CENTER INC

Form 990 for tax year 2022

Filed by OWENSBORO HEALTH TWIN LAKES REGIONAL MEDICAL CENTER INC.

Totals

Total revenue
$63,065,522
Total expenses
$50,312,873
Contributions and grants received
$3,158,026
Grants paid
$0
Program service revenue
$58,857,610
Investment income
$1,500
Other revenue
$1,048,386
Total assets, end of year
$83,782,092
Total liabilities, end of year
$62,817,995
Net assets or fund balances, end of year
$20,964,097
Program services expenses (Part IX)
$43,625,719
Management and general expenses
$6,687,154
Fundraising expenses
$0
Program service expenses (Part III)
$43,625,719

Program services were 86.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JEFFREY THOMAS

    BOARD TREASURER, CFO (ENDED 06/13/2022)

    Total calculated
    $471,446
    From this org
    $0
    From related orgs
    $455,714
    Other
    $15,732
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $157,603 related
    Bonus
    $0 + $78,750 related
    Other
    $0 + $219,361 related
    Deferred
    $0 + $6,676 related
    Nontaxable benefits
    $0 + $9,056 related
    Filer's total
    $0 + $471,446 related

  • MARK MARSH

    PRESIDENT AND CEO

    Total calculated
    $1,143,924
    From this org
    $0
    From related orgs
    $1,091,008
    Other
    $52,916
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $762,911 related
    Bonus
    $0 + $189,809 related
    Other
    $0 + $138,288 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $37,666 related
    Filer's total
    $0 + $1,143,924 related

  • ROBERT FARMER

    BOARD CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • RUSSELL S RANALLO

    BOARD TREASURER, CHIEF FINANCIAL OFFICER (EFFECTIVE 06/2022)

    Total calculated
    $658,272
    From this org
    $0
    From related orgs
    $609,738
    Other
    $48,534
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $337,195 related
    Bonus
    $0 + $171,728 related
    Other
    $0 + $100,815 related
    Deferred
    $0 + $12,048 related
    Nontaxable benefits
    $0 + $36,486 related
    Filer's total
    $0 + $658,272 related

  • VICKI STOGSDILL

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • CHRIS LOVE

    BOARD MEMBER (EFFECTIVE 10/31/2022)

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • DENNIS FENTRESS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GAVIN ROBERTS

    BOARD MEMBER (ENDED 10/31/2022)

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • GLENNA BLACK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LARRY BRETT ABNEY OD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RYAN BRATCHER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ASHLEY HERRINGTON

    CEO - OHTLMC

    Total calculated
    $386,561
    From this org
    $340,978
    From related orgs
    $0
    Other
    $45,583
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $249,891
    Bonus
    $76,247
    Other
    $14,840
    Deferred
    $12,810
    Nontaxable benefits
    $32,773
    Filer's total
    $386,561

  • CATHERINE CLEMONS

    VP OF OPERATIONS - OHTLMC

    Total calculated
    $236,071
    From this org
    $215,033
    From related orgs
    $0
    Other
    $21,038
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $146,121
    Bonus
    $45,889
    Other
    $23,023
    Deferred
    $7,710
    Nontaxable benefits
    $13,328
    Filer's total
    $236,071

  • CATHY STEWART

    VP PATIENT CARE SVCS AND CNO - OHTLMC

    Total calculated
    $231,048
    From this org
    $201,581
    From related orgs
    $0
    Other
    $29,467
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $153,365
    Bonus
    $29,511
    Other
    $18,705
    Deferred
    $6,941
    Nontaxable benefits
    $22,526
    Filer's total
    $231,048

  • ANGELA M GIBSON

    DIRECTOR OF PHARMACY

    Total calculated
    $193,431
    From this org
    $177,381
    From related orgs
    $0
    Other
    $16,050
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $153,326
    Bonus
    $23,191
    Other
    $864
    Deferred
    $5,669
    Nontaxable benefits
    $10,381
    Filer's total
    $193,431

  • BRITTANY N CLEMONS

    DIR OF NURSG AND QLTY-PT SFTY

    Total calculated
    $157,956
    From this org
    $133,761
    From related orgs
    $0
    Other
    $24,195
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $115,795
    Bonus
    $17,784
    Other
    $182
    Deferred
    $5,976
    Nontaxable benefits
    $18,219
    Filer's total
    $157,956

  • CATHERINE EARLEY

    Registered Nurse - BSN

    Total calculated
    $135,262
    From this org
    $130,539
    From related orgs
    $0
    Other
    $4,723
    Hours/week
    45

  • CHLOE ADAMS

    CLINICAL PHARMACIST

    Total calculated
    $154,738
    From this org
    $120,120
    From related orgs
    $0
    Other
    $34,618
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $118,909
    Bonus
    $1,000
    Other
    $211
    Deferred
    $4,467
    Nontaxable benefits
    $30,151
    Filer's total
    $154,738

  • JEREMY NEWTON

    CLINICAL PHARMACIST

    Total calculated
    $144,813
    From this org
    $122,252
    From related orgs
    $0
    Other
    $22,561
    Hours/week
    50

  • GREG STRAHAN

    FORMER PRESIDENT AND CEO (ENDED 08/06/21)

    Total calculated
    $1,117,560
    From this org
    $0
    From related orgs
    $1,117,560
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $1,117,560 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $1,117,560 related

  • JOHN HACKBARTH

    FORMER BOARD SECRETARY, CFO (ENDED 08/06/2021)

    Total calculated
    $450,474
    From this org
    $0
    From related orgs
    $450,474
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + -$1 related
    Bonus
    $0
    Other
    $0 + $450,475 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $450,474 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

  • 1a · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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)

Schedule J, Part I, Line 1a Tax indemnification and gross-up payments
THE ORGANIZATION PROVIDES A NONQUALIFIED SUPPLEMENTAL RETIREMENT PLAN FOR CERTAIN EXECUTIVE EMPLOYEES. BECAUSE BENEFITS UNDER THE SUPPLEMENTAL PLAN MUST BE INCLUDED IN TAXABLE INCOME WHEN THEY BECOME VESTED, AND AS REQUIRED BY THE SUPPLEMENTAL PLAN'S TERMS, THE ORGANIZATION PROVIDES AN ADDITIONAL BENEFIT THAT COVERS THE TAX LIABILITY WHEN IT IS INCURRED. THE TAX LIABILITY PAYMENTS ARE THEMSELVES INCLUDED IN W-2 INCOME IN THE YEAR MADE TO THE EXECUTIVES AND ARE INCLUDED IN THE FIGURES DISCLOSED ON SCHEDULE J, PART II.
Schedule J, Part I, Line 1a Housing allowance or residence for personal use
THE ORGANIZATION PROVIDED HOUSING ALLOWANCE TO THE SYSTEM CEO. THIS BENEFIT WAS INCLUDED AS A TAXABLE INCOME IN THE YEAR RECEIVED AND FULLY INCLUDED ON THE RECIPIENT'S FORM W-2.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees
DURING THE REPORTING PERIOD, THE ORGANIZATION PAID THE SYSTEM CEO MEMBERSHIP DUES IN A SOCIAL CLUB. THE CLUB MEMBERSHIP WAS USED FOR BUSINESS PURPOSES. ANY PERSONAL RELATED EXPENSES ARE TREATED AS TAXABLE WAGE INCOME AND FULLY INCLUDED ON THE RECIPIENT'S FORM W-2.
Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
OWENSBORO HEALTH TWIN LAKE MEDICAL CENTER, INC. RELIES ON THE COMPENSATION PRACTICES OF A RELATED ORGANIZATION OWENSBORO HEALTH, INC. TO DETERMINE THE COMPENSATION OF TOP MANAGEMENT OFFICIALS.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
OWENSBORO HEALTH PROVIDES A NONQUALIFIED SUPPLEMENTAL RETIREMENT PLAN FOR CERTAIN EXECUTIVE EMPLOYEES. PARTICIPATION IN THE PLAN IS SUBJECT TO THE RECOMMENDATION OF THE CHIEF EXECUTIVE OFFICER AND THE APPROVAL OF THE BOARD OF DIRECTORS. AS OF DECEMBER 31, 2020 OWENSBORO HEALTH SHALL CREDIT THE PARTICIPANT'S ACCOUNT WITH AN EMPLOYER CONTRIBUTION. THE PARTICIPANT MUST BE EMPLOYED BY OWENSBORO HEALTH AT THE END OF THE PLAN YEAR IN ORDER TO RECEIVE AN EMPLOYER CONTRIBUTION FOR THAT PLAN YEAR, AND PARTIAL YEAR CREDIT IS EARNED AFTER A PARTICIPANT REACHED NORMAL RETIREMENT AGE AS DEFINED BY THE PLAN. EMPLOYER CONTRIBUTIONS FOR EACH CONTRIBUTION CLASS YEAR SHALL BE 100% VESTED AS OF THE END OF THE PLAN YEAR WHICH IS FIVE YEARS AFTER THE DATE ON WHICH THE EMPLOYER CONTRIBUTION WAS MADE FOR SUCH CONTRIBUTION CLASS YEAR. FORMER CHIEF EXECUTIVE OFFICER, GREG STRAHAN, AND FORMER CHIEF FINANCIAL OFFICER, JOHN HACKBARTH, RETIRED ON AUGUST 6, 2021. AS REQUIRED BY THE PLAN DOCUMENT, THE FINAL FIVE YEARS OF CONTRIBUTIONS AND INVESTMENT EARNINGS WILL VEST AND PAYMENT IS MADE FOR THE FIVE YEARS CONCURRENTLY UPON RETIREMENT. 457F PLAN TO EXECUTIVES JOHN HACKBARTH $450,475 (RETIRED AUG 6, 2021); RUSS RANALLO ($39,663); GREG STRAHAN $1,117,560 (RETIRED AUG 6, 2021)
Schedule J, Part I, Line 7 Non-fixed payments
SUCCESS SHARING PLAN THE SUCCESS SHARING PLAN IS A PROGRAM DESIGNED TO FOCUS ON THE ACCOUNTABILITY OF ALL EMPLOYEES TO INFLUENCE THE FINANCIAL, QUALITY, PATIENT SATISFACTION AND EMPLOYEE DEVELOPMENT GOALS, AND TO REINFORCE THE OH CORE COMMITMENTS (RESPECT, INTEGRITY, INNOVATION, SERVICE, EXCELLENCE AND TEAMWORK) WHILE WORKING TO ACHIEVE THESE GOALS. THE PLAN ACHIEVES THIS BY PROVIDING A DIRECT LINK BETWEEN ACHIEVEMENT OF ORGANIZATIONAL OBJECTIVES AND THE TOTAL COMPENSATION OF THOSE WHO'S DECISIONS AND ACTIONS ARE ACCOUNTABLE FOR THE OUTCOMES WHICH DRIVE THE ORGANIZATION'S SUCCESS. ELIGIBILITY IS BASED ON HOURS WORKED IN THE YEAR; STAFF EMPLOYEES ARE PAID A PRO-RATED AMOUNT OF A DOLLAR MAXIMUM AND MANAGEMENT IS PAID A FIXED PERCENTAGE OF ANNUAL SALARY BASED ON LEVEL OF MANAGEMENT. PAYMENT IS PREDICATED ON BOARD APPROVAL.

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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
22 March 2024
IRS schema version
2022v5.0
Source object
202420829349300072

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