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← HEALTH RESEARCH AND EDUCATIONAL TRUST

Form 990 for tax year 2023

Filed by HEALTH RESEARCH AND EDUCATIONAL TRUST.

Totals

Total revenue
$10,196,871
Total expenses
$12,176,262
Contributions and grants received
$8,654,031
Grants paid
$325,030
Program service revenue
$1,004,436
Investment income
$519,248
Other revenue
$19,156
Total assets, end of year
$15,980,943
Total liabilities, end of year
$1,509,745
Net assets or fund balances, end of year
$14,471,198
Program services expenses (Part IX)
$7,510,558
Management and general expenses
$4,665,704
Fundraising expenses
$0
Program service expenses (Part III)
$7,510,558

Program services were 61.7% 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.

  • 1e · Government grants (contributions)

    $5,744,403

  • 1f · All other contributions, gifts and grants

    $2,909,628

  • 2a · Program service revenue: Education and Meetings

    total $647,594 · related or exempt $647,594

  • 2b · Program service revenue: SALES OF BOOKS AND DATA

    total $356,842 · related or exempt $356,842

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $349,738 · excluded $349,738

  • 5 · Royalties

    total $1,278 · excluded $1,278

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $681,915

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

    securities $512,405

  • 7c · Gain or loss

    securities $169,510 · other assets $0

  • 7d · Net gain or loss

    total $169,510 · excluded $169,510

  • 11a · Other revenue: Miscellaneous

    total $16,503 · excluded $16,503

  • 11b · Other revenue: Advertising Revenue

    total $1,375 · unrelated business $1,375

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $17,878

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $130,000 · program services $130,000

  • 2 · Grants to domestic individuals

    total $195,030 · program services $195,030

  • 7 · Other salaries and wages

    total $4,439,708 · program services $2,191,407 · management and general $2,248,301

  • 8 · Pension plan contributions

    total $214,570 · program services $105,910 · management and general $108,660

  • 9 · Other employee benefits

    total $608,435 · program services $300,319 · management and general $308,116

  • 10 · Payroll taxes

    total $288,493 · program services $142,398 · management and general $146,095

  • 11b · Fees: legal

    total $12,951 · program services $9,898 · management and general $3,053

  • 11c · Fees: accounting

    total $29,942 · program services $22,884 · management and general $7,058

  • 11f · Fees: investment management

    total $18,092 · program services $13,827 · management and general $4,265

  • 11g · Fees: other

    total $3,119,682 · program services $2,384,312 · management and general $735,370 · fundraising $0

  • 12 · Advertising and promotion

    total $310,953 · program services $266,432 · management and general $44,521

  • 13 · Office expenses

    total $351,992 · program services $301,595 · management and general $50,397

  • 14 · Information technology

    total $259,680 · program services $222,500 · management and general $37,180

  • 16 · Occupancy

    total $559,743 · program services $479,601 · management and general $80,142

  • 17 · Travel

    total $341,861 · program services $230,051 · management and general $111,810

  • 19 · Conferences, conventions and meetings

    total $454,465 · program services $397,208 · management and general $57,257

  • 23 · Insurance

    total $44,100 · program services $37,786 · management and general $6,314

  • 24a · Other expenses: SHARED SERVICES

    total $779,744 · program services $64,953 · management and general $714,791

  • 24b · Other expenses: EDUCATION AND TRAINING

    total $11,333 · program services $9,710 · management and general $1,623

  • 24c · Other expenses: OTHER EXPENSES

    total $5,323 · program services $4,596 · management and general $727

  • 24d · Other expenses: FEDERAL / STATE TAXES

    total $165 · program services $141 · management and general $24

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $5,669,409 · end of year $99,596

  • 4 · Accounts receivable

    beginning of year $1,774,737 · end of year $657,992

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $71,857 · end of year $110,884

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $12,306,759 · end of year $13,434,623

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $1,677,848

  • 17 · Accounts payable and accrued expenses

    beginning of year $502,860 · end of year $274,387

  • 19 · Deferred revenue

    beginning of year $3,026,823 · end of year $1,235,358

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $649,065 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $15,147,254 · end of year $13,993,797

  • 28 · Net assets with donor restrictions

    beginning of year $496,760 · end of year $477,401

Mission and programs · 2023

Mission

HRET is principally organized to assist health care organizations and the communities they serve to improve the efficiency, quality & accessibility of health care services by conducting applied research and demonstration projects & disseminating results through education, publications, & other media.

Activities or mission (Part I)

Assist health care organizations & communities to improve the efficiency, quality & accessibility of health care services.

  • QUALITY/COST/DISPARITIES: HRET CONDUCTS MANAGEMENT RESEARCH TO IMPROVE QUALITY, REDUCING COSTS, AND ELIMINATING DISPARITIES. NUMEROUS RESEARCH PROJECTS WORKED WITH HOSPITALS NATIONALLY TO REDUCE INFECTIONS AND TO IMPROVE SAFETY CULTURE SCORES. IN ADDITION, HRET PROVIDES HOSPITALS WITH TOOLS AND TRAINING MATERIALS COMPILED FROM VARIOUS SURVEYS CONDUCTED TO HELP EDUCATE HEALTHCARE PROFESSIONALS.

    Expenses $5,135,138 · Grants $325,030 · Revenue $1,020,939

  • HRET'S TRANSLATIONAL RESEARCH PROGRAM IDENTIFIES AND EXECUTES STRATEGIES AND METHODS TO DISSEMINATE AND IMPLEMENT RESEARCH FINDINGS, KNOWLEDGE, TOOLS, AND BEST PRACTICES.

    Expenses $2,177,904

  • Research and development of resources addressing best practices and models for population health and community partnerships. Leadership training in health care transformation for hospital leaders.

    Expenses $197,516

As filed on the 2023 return.

Listed in Part VII

  • Christopher M Derienzo

    PRESIDENT

    Total calculated
    $829,789
    From this org
    $0
    From related orgs
    $677,514
    Other
    $152,275
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $616,646 related
    Bonus
    $0 + $30,000 related
    Other
    $0 + $30,868 related
    Deferred
    $0 + $113,514 related
    Nontaxable benefits
    $0 + $38,761 related
    Filer's total
    $0 + $829,789 related

  • Heidi Duncan

    CHAIR

    Total calculated
    $2,859
    From this org
    $0
    From related orgs
    $2,859
    Other
    $0
    Hours/week
    5 + 1 related

  • M Michelle Hood

    PRESIDENT (END 3/7/2023)

    Total calculated
    $1,845,465
    From this org
    $0
    From related orgs
    $1,794,388
    Other
    $51,077
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,159,148 related
    Bonus
    $0 + $315,743 related
    Other
    $0 + $319,497 related
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $31,277 related
    Filer's total
    $0 + $1,845,465 related

  • Russell R Gronewold

    BOARD MEMBER

    Total calculated
    $2,167
    From this org
    $0
    From related orgs
    $2,167
    Other
    $0
    Hours/week
    1 + 1 related

  • Andrew J Jager

    SR DIRECTOR, POP HEALTH

    Total calculated
    $196,513
    From this org
    $159,009
    From related orgs
    $0
    Other
    $37,504
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,084
    Bonus
    $6,740
    Other
    $5,185
    Deferred
    $9,801
    Nontaxable benefits
    $27,703
    Filer's total
    $196,513

  • Daniel J Delgado

    Senior Director of Finance and Compliance

    Total calculated
    $252,297
    From this org
    $196,532
    From related orgs
    $0
    Other
    $55,765
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,933
    Bonus
    $8,257
    Other
    $5,342
    Deferred
    $12,273
    Nontaxable benefits
    $43,492
    Filer's total
    $252,297

  • Louella Hung

    DIRECTOR CLINC QUAL

    Total calculated
    $200,114
    From this org
    $140,404
    From related orgs
    $0
    Other
    $59,710
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,020
    Bonus
    $7,160
    Other
    $9,224
    Deferred
    $9,365
    Nontaxable benefits
    $50,345
    Filer's total
    $200,114

  • Marie Cleary-Fishman

    VP Clinical Quality

    Total calculated
    $302,862
    From this org
    $254,556
    From related orgs
    $0
    Other
    $48,306
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,255
    Bonus
    $21,734
    Other
    $20,567
    Deferred
    $15,580
    Nontaxable benefits
    $32,726
    Filer's total
    $302,862

  • Nancy A Myers PhD

    VP Leadership & System Innovation

    Total calculated
    $291,466
    From this org
    $260,859
    From related orgs
    $0
    Other
    $30,607
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,781
    Bonus
    $22,878
    Other
    $8,200
    Deferred
    $15,649
    Nontaxable benefits
    $14,958
    Filer's total
    $291,466

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 · Discretionary spending account
  • 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 Discretionary spending account
TAXABLE BENEFIT ALLOWANCES WERE MADE AVAILABLE TO THE PRESIDENT OF HRET. THE RELATED BENEFIT WAS INCLUDED IN THE PRESIDENT'S TAXABLE COMPENSATION.
Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
The HRET President is an executive of the American Hospital Association (AHA) and reports to the AHA COO. The AHA COO participates in setting goals for performance of the HRET president and in measuring performance against these goals. The AHA Executive Compensation Committee (Committee) is composed of the members of the Executive Committee of the AHA Board of Trustees excluding the AHA President. The Committee does not include any individual whose compensation it reviews. The Committee engages an independent compensation consultant to produce annual comparable salary data for the AHA executive serving as the HRET president as appropriate, and makes recommendations for compensation adjustments, consistent with existing compensation agreements, policies and procedures. On an annual basis, the Committee evaluates the compensation of the AHA executive serving as the HRET president based on the annual market assessment completed by the independent compensation consultant. The AHA COO evaluates the performance of the AHA executive serving as the HRET president against annual performance goals and determines any earned performance-based reward. The final compensation package of the AHA executive serving as the HRET President is documented in a written employment agreement.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
DURING THE 2023 CALENDAR YEAR, AMERICAN HOSPITAL ASSOCIATION, A RELATED TAX EXEMPT ENTITY, MAINTAINED A SUPPLEMENTAL NON-QUALIFIED DEFERRED COMPENSATION PLAN. THE FOLLOWING REPORTABLE INDIVIDUALS WERE ELIGIBLE TO PARTICIPATE IN THAT PLAN: - M. MICHELLE HOOD - CHRISTOPHER DERIENZO DURING 2023, THE FOLLOWING CONTRIBUTIONS WERE MADE BY AHA TO THE PLAN: - M. MICHELLE HOOD - $265,241 - CHRISTOPHER DERIENZO - $103,614 DURING 2023, THE FOLLOWING DISTRIBUTIONS (INCLUDING ACCRUED EARNINGS) WERE MADE BY AHA FROM THE PLAN: - M. MICHELLE HOOD: $265,241 ALL VESTED/PAID OUT AMOUNTS WERE TREATED AS TAXABLE AND INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III).
Schedule J, Part I, Line 7 Non-fixed payments
The AHA has established an incentive award program for employees when the AHA meets and exceeds its operational effectiveness goals for a calendar year. Awards are determined after the end of the calendar year and after review and approval of AHA's organizational performance by the EXECUTIVE COMMITTEE OF THE AHA Board OF TRUSTEES.

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 corporations and trusts

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

  • Health Forum Inc

    C Corporation · Publications · IL · share of income $0 · share of assets $0

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202413119349302296

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