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← MAIN LINE DIVERSIFIED SERVICES INC

Form 990 for tax year 2024

Filed by MAIN LINE DIVERSIFIED SERVICES INC.

Totals

Total revenue
$0
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$0

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.

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

MAIN LINE DIVERSIFIED SERVICES IS A CORPORATE HOLDING COMPANY WITHIN THE MAIN LINE HEALTH SYSTEM OF ORGANIZATIONS SERVING COMMUNITIES IN SOUTHEASTERN PENNSYLVANIA.

  • NONE

As filed on the 2024 return.

Listed in Part VII

  • JOHN J LYNCH III

    PRESIDENT & EX-OFFICIO TRUSTEE

    Total calculated
    $3,302,622
    From this org
    $0
    From related orgs
    $2,611,084
    Other
    $691,538
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,481,903 related
    Bonus
    $0 + $721,104 related
    Other
    $0 + $408,077 related
    Deferred
    $0 + $652,254 related
    Nontaxable benefits
    $0 + $39,284 related
    Filer's total
    $0 + $3,302,622 related

  • Barbara Wadsworth

    EVP & COO

    Total calculated
    $1,391,882
    From this org
    $0
    From related orgs
    $1,153,412
    Other
    $238,470
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $793,403 related
    Bonus
    $0 + $301,544 related
    Other
    $0 + $58,465 related
    Deferred
    $0 + $198,300 related
    Nontaxable benefits
    $0 + $40,170 related
    Filer's total
    $0 + $1,391,882 related

  • Leigh Ehrlich

    TREASURER & TRUSTEE

    Total calculated
    $1,129,933
    From this org
    $0
    From related orgs
    $913,866
    Other
    $216,067
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $710,383 related
    Bonus
    $0 + $182,708 related
    Other
    $0 + $20,775 related
    Deferred
    $0 + $183,808 related
    Nontaxable benefits
    $0 + $32,259 related
    Filer's total
    $0 + $1,129,933 related

  • BRIAN T CORBETT ESQ

    SEC/TRUSTEE (Until Oct 2024)

    Total calculated
    $927,629
    From this org
    $0
    From related orgs
    $890,361
    Other
    $37,268
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $468,543 related
    Bonus
    $0 + $181,728 related
    Other
    $0 + $240,090 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $37,268 related
    Filer's total
    $0 + $927,629 related

  • Della Payne

    Trustee

    Total calculated
    $516,096
    From this org
    $0
    From related orgs
    $414,348
    Other
    $101,748
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $359,400 related
    Bonus
    $0 + $54,948 related
    Other
    $0
    Deferred
    $0 + $50,050 related
    Nontaxable benefits
    $0 + $51,698 related
    Filer's total
    $0 + $516,096 related

  • MICHAEL J BUONGIORNO

    FORMER TREASURER & TRUSTEE

    Total calculated
    $179,238
    From this org
    $0
    From related orgs
    $170,703
    Other
    $8,535
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $15,346 related
    Bonus
    $0
    Other
    $0 + $155,357 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $8,535 related
    Filer's total
    $0 + $179,238 related

  • EILEEN CARR

    ASSISTANT SECRETARY

    Total calculated
    $166,756
    From this org
    $0
    From related orgs
    $137,713
    Other
    $29,043
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $137,213 related
    Bonus
    $0 + $500 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $29,043 related
    Filer's total
    $0 + $166,756 related

  • STEVEN HIGGINS

    CHAIRMAN & TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 10 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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)

FORM 990, SCHEDULE J, PART I, LINE 4B
NONQUALIFIED RETIREMENT PLAN: THE PRESIDENT AND FORMER TREASURER & TRUSTEE ("PARTICIPANTS") PARTICIPATE IN A NONQUALIFIED RETIREMENT PLAN. MAIN LINE HOSPITALS, INC. PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH A FUNDING ARRANGEMENT KNOWN AS A COLLATERAL ASSIGNMENT SPLIT DOLLAR POLICY. THE PLAN PROVIDES THAT THE SYSTEM WILL PAY PREMIUM PAYMENTS ON A LIFE INSURANCE POLICY FOR EACH OF THE PARTICIPANTS. DURING THE PARTICIPANTS' LIFE, TO THE EXTENT SERVICE AND VESTING REQUIREMENTS ARE FULFILLED, THE PARTICIPANT CAN BORROW AGAINST VALUES IN THE POLICY TO SUPPLEMENT RETIREMENT INCOME. IT IS REASONABLE TO BELIEVE THAT THE LOAN IS PAID IN FULL UPON THE DEATH OF THE PARTICIPANT. FORGIVEN INTEREST INCLUDED IN PARTICIPANTS' EARNINGS ARE: PRESIDENT $41,370 FORMER TREASURER & TRUSTEE $12,369 SERP DISCLOSURE: MAIN LINE HEALTH, INC. ("MLH") AND ITS AFFILIATES PROVIDED SUPPLEMENTAL RETIREMENT BENEFITS THROUGH ESTABLISHED SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS ("SERP") TO SELECT MEMBERS OF SENIOR LEADERSHIP IN FY25. SERP BENEFITS FUNDED BY MLH ARE SUBJECT TO VESTING AND EMPLOYMENT DATE REQUIREMENTS AND ARE PAID OUT AT THE CONCLUSION OF A PREDETERMINED PERFORMANCE PERIOD. A PERFORMANCE PERIOD IS A TIMEFRAME OF AT LEAST TWELVE MONTHS THAT MAY COVER VARYING LENGTHS OF TIME FOR EACH INDIVIDUAL EMPLOYEE. BENEFITS FOR PARTICIPANTS VESTED IN A PLAN WERE REPORTED IN SCHEDULE J, PART II, COLUMN (B) (III) AND BENEFITS FOR PARTICIPANTS NOT YET VESTED IN A PLAN WERE REPORTED IN SCHEDULE J, PART II, COLUMN (C). THE PEOPLE LISTED BELOW RECEIVED PAYMENTS UNDER THE SERP. JOHN J. LYNCH, III - $354,707 BRIAN T. CORBETT, ESQ. - $240,090 MICHAEL J. BUONGIORNO - $96,601 Leigh Ehrlich - No Distribution Barbara Wadsworth - No Distribution Della Payne - No Distribution LONG TERM INCENTIVE PLAN MLH HAS A LONG-TERM INCENTIVE PLAN (LTIP) UNDER WHICH AMOUNTS ARE AWARDED BASED ON QUALITATIVE AND QUANTITATIVE MEASURES TO KEY EMPLOYEES, AND A PORTION OF SUCH PAYMENTS ARE DEFERRED. ANY DEFERRED PAYMENT IS CONTINGENT ON FUTURE PERFORMANCE AND EMPLOYMENT ON THE DATE PAYMENT IS DUE AND IS SUBJECT TO BOARD APPROVAL . THESE AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN B(II). TO THE EXTENT PAYMENTS REFLECTED BELOW WERE REPORTED ON PRIOR YEARS' FORMS 990, SCHEDULE J, PART II, COLUMN (C) AS DEFERRED COMPENSATION, SUCH AMOUNTS ARE REPORTED ON SCHEDULE J, PART II, COLUMN (F). THE PEOPLE LISTED BELOW RECEIVED PAYMENTS UNDER THE LTIP. JOHN J. LYNCH, III - $202,720 BRIAN T. CORBETT, ESQ. - $40,184 Leigh Ehrlich - $12,250 Barbara Wadsworth - $70,491 Della Payne - No Distribution MICHAEL J. BUONGIORNO - NO DISTRIBUTION
FORM 990, SCHEDULE J, PART I, LINE 7
THE COMPENSATION OF THE CEO, EVP & CHIEF FINANCIAL OFFICER, HOSPITAL PRESIDENTS, AND OTHER SENIOR EXECUTIVES DID INCLUDE A NON-FIXED COMPONENT PAYMENT OF COMPENSATION BASED UPON PRE-ESTABLISHED QUALITY, PATIENT SAFETY, AND FINANCIAL TARGETS ESTABLISHED AT THE BEGINNING OF THE FISCAL YEAR. THE HUMAN RESOURCES AND COMPENSATION COMMITTEE OF THE MAIN LINE HEALTH BOARD IS RESPONSIBLE FOR EVALUATING AND DETERMINING THE APPROPRIATENESS OF THE TARGETS. AFTER REVIEW AND DELIBERATION, THE COMMITTEE DOCUMENTS ITS DECISIONS AND REPORTS TO THE FULL BOARD OF GOVERNORS WHO REVIEW THE COMPENSATION DECISIONS. PAYMENTS ARE MADE TO THE APPROPRIATE INDIVIDUALS BY THE ORGANIZATION WITHIN WHICH THOSE INDIVIDUALS RESIDE FOR PAYROLL REPORTING PURPOSES.

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
11 May 2026
IRS schema version
2024v5.2
Source object
202601359349305790

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