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Nonprofiteer
← LIFESPAN CORPORATION

Form 990 for tax year 2024

Filed by LIFESPAN CORPORATION.

Totals

Total revenue
$449,326,854
Total expenses
$416,402,766
Contributions and grants received
$0
Grants paid
$850,280
Program services expenses (Part IX)
$416,402,766
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$416,402,766

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ALAN H LITWIN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4 + 5.5 related
  • JOHN FERNANDEZ

    PRESIDENT & CEO

    Total calculated
    $2,016,723
    From this org
    $1,651,362
    From related orgs
    $0
    Other
    $365,361
    Hours/week
    50 + 23 related

    Schedule J breakdown matched by us

    Base
    $1,550,583
    Bonus
    $0
    Other
    $100,779
    Deferred
    $334,533
    Nontaxable benefits
    $30,828
    Filer's total
    $2,016,723
  • LAWRENCE A AUBIN SR

    CHAIR

    Total calculated
    $0
    Hours/week
    5 + 5.3 related
  • PETER CAPODILUPO

    VICE CHAIR (THRU 12/24)

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related
  • ANGEL TAVERAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related
  • BERNARD BUONANNO III

    DIRECTOR (AS OF 12/24)

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related
  • CHRIS COCKS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related
  • CHRISTINA H PAXSON PHD

    DIRECTOR (AS OF 12/24)

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related
  • EDWARD D FELDSTEIN ESQ

    DIRECTOR (THRU 12/24)

    Total calculated
    $0
    Hours/week
    1 + 1.1 related
  • EMANUEL BARROWS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5 + 5.5 related
  • JANET ROBINSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related
  • LAWRENCE B SADWIN

    DIRECTOR (THRU 12/24)

    Total calculated
    $0
    Hours/week
    3 + 10 related
  • MARTHA MAINIERO MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2.1 related
  • MICHAEL L HANNA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1.3 related
  • MUKESH K JAIN MD

    DIRECTOR (AS OF 12/24)

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related
  • PAULA MCNAMARA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related
  • PHILLIP KYDD

    DIRECTOR (THRU 12/24)

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related
  • ROGER N BEGIN CFP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 11 related
  • SAMUEL MENCOFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    15 + 5 related
  • SARAH T DOWLING JD LLM

    DIRECTOR (THRU 12/24)

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related
  • SHIVAN SUBRAMANIAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4.3 + 1.3 related
  • ZIYA L GOKASLAN MD

    DIRECTOR

    Total calculated
    $1,717,949
    From this org
    $0
    From related orgs
    $1,671,733
    Other
    $46,216
    Hours/week
    2 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,513,496 related
    Bonus
    $0 + $144,000 related
    Other
    $0 + $14,237 related
    Deferred
    $0 + $20,700 related
    Nontaxable benefits
    $0 + $25,516 related
    Filer's total
    $0 + $1,717,949 related
  • PAUL J ADLER

    SECRETARY

    Total calculated
    $1,028,380
    From this org
    $879,367
    From related orgs
    $0
    Other
    $149,013
    Hours/week
    21.3 + 29.8 related

    Schedule J breakdown matched by us

    Base
    $757,627
    Bonus
    $0
    Other
    $121,740
    Deferred
    $127,377
    Nontaxable benefits
    $21,636
    Filer's total
    $1,028,380
  • PETER K MARKELL

    EVP & CFO, TREASURER

    Total calculated
    $1,505,315
    From this org
    $1,464,555
    From related orgs
    $0
    Other
    $40,760
    Hours/week
    45 + 15 related

    Schedule J breakdown matched by us

    Base
    $1,221,588
    Bonus
    $0
    Other
    $242,967
    Deferred
    $18,975
    Nontaxable benefits
    $21,785
    Filer's total
    $1,505,315
  • BABAR KHOKHAR MD

    EVP - CHIEF PHYSICIANS OFFICER

    Total calculated
    $1,145,008
    From this org
    $1,001,370
    From related orgs
    $0
    Other
    $143,638
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $829,422
    Bonus
    $150,000
    Other
    $21,948
    Deferred
    $124,010
    Nontaxable benefits
    $19,628
    Filer's total
    $1,145,008
  • CEDRIC PRIEBE

    SVP - CHIEF INFORMATION OFFICER

    Total calculated
    $894,121
    From this org
    $777,516
    From related orgs
    $0
    Other
    $116,605
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $666,909
    Bonus
    $0
    Other
    $110,607
    Deferred
    $116,391
    Nontaxable benefits
    $214
    Filer's total
    $894,121
  • CYNTHIA PETERSON

    EVP - AMBULATORY CLINICS AND URGENT CARE

    Total calculated
    $648,895
    From this org
    $548,757
    From related orgs
    $0
    Other
    $100,138
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $530,784
    Bonus
    $0
    Other
    $17,973
    Deferred
    $78,665
    Nontaxable benefits
    $21,473
    Filer's total
    $648,895
  • SARAH FROST

    EVP - CHIEF OF HOSPITAL OPERATIONS

    Total calculated
    $814,484
    From this org
    $744,621
    From related orgs
    $0
    Other
    $69,863
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $590,705
    Bonus
    $150,000
    Other
    $3,916
    Deferred
    $69,756
    Nontaxable benefits
    $107
    Filer's total
    $814,484
  • WILLIAM F SCHMIEDEKNECHT

    SVP - CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $751,073
    From this org
    $624,883
    From related orgs
    $0
    Other
    $126,190
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $579,550
    Bonus
    $0
    Other
    $45,333
    Deferred
    $99,651
    Nontaxable benefits
    $26,539
    Filer's total
    $751,073
  • CRISTA DURAND

    PRESIDENT - NEWPORT HOSPITAL (THRU 9/25)

    Total calculated
    $1,235,545
    From this org
    $786,684
    From related orgs
    $0
    Other
    $448,861
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $357,537
    Bonus
    $0
    Other
    $429,147
    Deferred
    $419,957
    Nontaxable benefits
    $28,904
    Filer's total
    $1,235,545
  • JANE BRUNO

    SVP - MARKETING & COMMUNICATIONS

    Total calculated
    $689,195
    From this org
    $645,670
    From related orgs
    $0
    Other
    $43,525
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $438,443
    Bonus
    $0
    Other
    $207,227
    Deferred
    $21,778
    Nontaxable benefits
    $21,747
    Filer's total
    $689,195
  • MARCIA L NEIBERG

    EVP & CHIEF STRATEGY OFFICER

    Total calculated
    $769,838
    From this org
    $630,795
    From related orgs
    $0
    Other
    $139,043
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $613,885
    Bonus
    $0
    Other
    $16,910
    Deferred
    $106,215
    Nontaxable benefits
    $32,828
    Filer's total
    $769,838
  • MARIA P DUCHARME

    PRESIDENT - THE MIRIAM HOSPITAL

    Total calculated
    $830,599
    From this org
    $694,877
    From related orgs
    $0
    Other
    $135,722
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $604,168
    Bonus
    $0
    Other
    $90,709
    Deferred
    $105,125
    Nontaxable benefits
    $30,597
    Filer's total
    $830,599
  • NICHOLAS P DOMINICK

    SVP SERVICE LINES

    Total calculated
    $742,571
    From this org
    $702,482
    From related orgs
    $0
    Other
    $40,089
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $478,872
    Bonus
    $0
    Other
    $223,610
    Deferred
    $17,332
    Nontaxable benefits
    $22,757
    Filer's total
    $742,571
  • EVA GREENWOOD

    FORMER TREASURER & INTERIM EVP CFO

    Total calculated
    $655,551
    From this org
    $539,491
    From related orgs
    $0
    Other
    $116,060
    Hours/week
    47.5 + 12.5 related

    Schedule J breakdown matched by us

    Base
    $516,279
    Bonus
    $0
    Other
    $23,212
    Deferred
    $91,782
    Nontaxable benefits
    $24,278
    Filer's total
    $655,551
  • SAUL N WEINGART

    FORMER PRESIDENT - RHODE ISLAND HOSPITAL

    Total calculated
    $378,639
    From this org
    $378,639
    From related orgs
    $0
    Other
    $0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $378,639
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $378,639
  • TIMOTHY J BABINEAU MD

    FORMER PRESIDENT & CEO

    Total calculated
    $1,335,765
    From this org
    $1,335,765
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $1,335,765
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $1,335,765

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 — 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 · Health or social club dues or initiation fees
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 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 BROWN HEALTH EXECUTIVE LONG-TERM DISABILITY PROGRAM PROVIDES FINANCIAL PROTECTION TO DESIGNATED LIFESPAN EXECUTIVES IN THE EVENT THAT THEY BECOME DISABLED. PREMIUMS ARE PAID TO THE INSURANCE CARRIER BY THE INSUREDS ON AN AFTER-TAX BASIS TO ALLOW FOR INCOME REPLACEMENT AT A REASONABLE COST. THE INCOME ASSOCIATED WITH THE PREMIUMS IS GROSSED UP TO COVER THE TOTAL COST OF THE BENEFIT AS PROVIDED IN THE BROWN HEALTH EXECUTIVE BENEFIT PLAN, IS REIMBURSED BY BROWN HEALTH, AND IS INCLUDED IN MEDICARE WAGES, MORE SPECIFICALLY ON SCHEDULE J, PART II, COLUMN B (III).
SCHEDULE J, PART I, LINE 1A HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES
THE JOB RESPONSIBILITIES OF CERTAIN EXECUTIVES INCLUDE DEVELOPMENT OF RELATIONSHIPS WITH BUSINESS LEADERS AND DONORS. THOSE RELATIONSHIPS ARE FACILITATED BY THE ABILITY TO MEET IN PRIVATE SESSIONS DURING WHICH FOCUSED BUSINESS DISCUSSIONS TAKE PLACE. THE UNIVERSITY CLUB, WHICH REQUIRES AN INDIVIDUAL MEMBERSHIP, IS A PLACE IN PROVIDENCE, RHODE ISLAND WHERE BUSINESSMEN AND WOMEN, CIVIC, COMMUNITY, AND SOCIAL LEADERS CAN GATHER IN A BUSINESSLIKE ATMOSPHERE. THE COST OF MEMBERSHIP IS CONSIDERED BY BROWN HEALTH TO BE REASONABLE AND NECESSARY AND THUS A QUALIFIED BUSINESS EXPENSE NOT TAXABLE TO THE EMPLOYEE. IRS REGULATIONS REGARDING DOCUMENTATION REQUIREMENTS ARE FOLLOWED FOR ANY PAYMENTS MADE FOR MEETINGS HELD AT THE RESPECTIVE CLUB, INCLUDING THE BUSINESS PURPOSE AND NATURE OF THE BUSINESS BENEFIT DERIVED; THE NATURE OF THE BUSINESS DISCUSSION OR ACTIVITY; AND THE IDENTITY AND BUSINESS RELATIONSHIP OF ATTENDEES.
SCHEDULE J, PART I, LINE 1A PERSONAL SERVICES
CERTAIN EXECUTIVES AND MANAGEMENT PERSONNEL RECEIVED FINANCIAL PLANNING SERVICES PAID FOR BY BROWN HEALTH. IN CALENDAR YEAR 2024 BROWN HEALTH PROVIDED THIS BENEFIT TO TWO EXECUTIVES DISCLOSED IN THIS RETURN. THE TAXABLE AMOUNTS PAID FOR THIS BENEFIT IS INCLUDED IN MEDICARE WAGES, MORE SPECIFICALLY ON SCHEDULE J, PART II, COLUMN B (III).
SCHEDULE J, PART I, LINE 4A SEVERANCE OR CHANGE-OF-CONTROL PAYMENT
THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE AND/OR CHANGE OF CONTROL PAYMENTS DURING THE CALENDAR YEAR ENDING DECEMBER 31, 2024: TIMOTHY J. BABINEAU, MD, FORMER PRESIDENT & CEO: $1,335,765. CRISTA DURAND, PRESIDENT - NEWPORT HOSPITAL (THRU 9/25): $347,818.
SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN
BROWN HEALTH OFFERS A NON-QUALIFIED SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN (SERP) TO CERTAIN EXECUTIVES. THE FOLLOWING INDIVIDUALS WERE CREDITED WITH THE NON-VESTED AMOUNTS INDICATED DURING CALENDAR YEAR 2024 AND SUCH AMOUNTS ARE INCLUDED IN DEFERRED COMPENSATION ON SCHEDULE J, PART II, COLUMN C: PAUL J. ADLER - $106,677. JANE BRUNO - $5,066. NICHOLAS P. DOMINICK - $5,513. MARIA P. DUCHARME - $84,425 CRISTA F. DURAND - $53,831. JOHN FERNANDEZ - $313,833. EVA GREENWOOD - $73,257. SARAH FROST - $69,756. BABAR KHOKHAR, MD - $124,010. MARCIA L. NEIBERG - $88,870. CYNTHIA PETERSON - $77,631. CEDRIC J. PRIEBE - $77,631. WILLIAM SCHMIEDEKNECHT - $78,951. IN 2024, THE FOLLOWING INDIVIDUALS BECAME VESTED IN AND WERE PAID A NON-QUALIFIED SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN (SERP) AMOUNT AND SUCH AMOUNTS ARE INCLUDED IN MEDICARE WAGES, MORE SPECIFICALLY ON SCHEDULE J, PART II, COLUMN B(III): PAUL J. ADLER - $89,854. JANE BRUNO - $191,087. NICHOLAS P. DOMINICK - $206,825. MARIA P. DUCHARME - $67,740. CRISTA F. DURAND - $245,258. PETER K. MARKELL - $158,521. CYNTHIA L. PETERSON - $39,769 CEDRIC J. PRIEBE - $87,283. WILLIAM SCHMIEDEKNECHT - $28,292. THE PORTION OF THE ABOVE PAYMENTS THAT WAS REPORTED AS DEFERRED COMPENSATION IN PRIOR YEARS IS REFLECTED ON SCHEDULE J, PART II, COLUMN F. PARTICIPANTS INCLUDED IN BROWN HEALTH'S SERP ARE AWARDED PLAN CONTRIBUTIONS ON A QUARTERLY BASIS. CONTRIBUTIONS AND INTEREST EARNED DURING A PLAN YEAR VEST AFTER THREE YEARS AND ARE PAID TO PLAN PARTICIPANTS AT THAT TIME. SERP PAYMENTS EARNED DURING THE CALENDAR YEAR WHICH HAVE NOT YET VESTED ARE DISCLOSED ON SCHEDULE J, PART II, COLUMN C. VESTED SERP PAYMENTS RECEIVED DURING THE YEAR ARE DISCLOSED ON SCHEDULE J, PART II, COLUMN B(III) (AS WELL AS COLUMN F IF REPORTED ON SCHEDULE J, PART II, COLUMN C OF A PREVIOUSLY FILED FORM 990). PLAN CONTRIBUTIONS AWARDED TO PARTICIPANTS WHO HAVE REACHED AGE 62 BECOME VESTED AS OF THE BEGINNING OF THE FOLLOWING CALENDAR YEAR.
SCHEDULE J, PART I, LINE 7 NON-FIXED PAYMENTS
CERTAIN PHYSICIANS AND EXECUTIVES PARTICIPATE IN INCENTIVE COMPENSATION PLANS ARRANGED THROUGH INDIVIDUAL CONTRACTUAL AGREEMENTS WHICH STIPULATE NON-FIXED PAYMENTS BASED ON MEETING CRITERIA COMPRISED OF VARIOUS QUALITY AND PRODUCTIVITY MARKERS.
SCHEDULE J, PART I, LINE 3
COMPENSATION OF THE BROWN HEALTH PRESIDENT IS DETERMINED BY THE COMPENSATION COMMITTEE OF BROWN HEALTH. THIS COMMITTEE'S DETERMINATION PROCESS UTILIZED A COMBINATION OF AN INDEPENDENT COMPENSATION CONSULTANT AND COMPENSATION STUDIES/SURVEYS, ALONG WITH APPROVAL BY THE BROWN HEALTH BOARD OF DIRECTORS.

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.

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.1
Source object
202642259349302769

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