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Nonprofiteer
← BEAUMONT HEALTH FOUNDATION

Form 990 for tax year 2023

Filed by BEAUMONT HEALTH FOUNDATION.

Totals

Total revenue
$37,113,715
Total expenses
$37,416,260
Contributions and grants received
$36,611,978
Grants paid
$19,950,018
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$20,204,935
Management and general expenses
$1,651,148
Fundraising expenses
$15,560,177
Program service expenses (Part III)
$20,204,935

Program services were 54.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • BENJAMIN SCHWARTZ MD

    EX-OFFICIO DIRECTOR PART YEAR

    Total calculated
    $2,254,097
    From this org
    $0
    From related orgs
    $2,169,321
    Other
    $84,776
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $856,483 related
    Bonus
    $0 + $622,691 related
    Other
    $0 + $690,147 related
    Deferred
    $0 + $60,455 related
    Nontaxable benefits
    $0 + $24,321 related
    Filer's total
    $0 + $2,254,097 related

  • DARRYL ELMOUCHI MD

    EX-OFFICIO DIRECTOR PART YEAR

    Total calculated
    $3,903,959
    From this org
    $0
    From related orgs
    $3,254,660
    Other
    $649,299
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,704,153 related
    Bonus
    $0 + $1,458,248 related
    Other
    $0 + $92,259 related
    Deferred
    $0 + $618,080 related
    Nontaxable benefits
    $0 + $31,219 related
    Filer's total
    $0 + $3,903,959 related

  • DONALD CONN MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EDWARD RUSSELL III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GEOFFREY HOCKMAN

    DIRECTOR

    Total calculated
    $2,500
    From this org
    $0
    From related orgs
    $2,500
    Other
    $0
    Hours/week
    1

  • HOWARD WOLPIN

    DIRECTOR

    Total calculated
    $1,500
    From this org
    $0
    From related orgs
    $1,500
    Other
    $0
    Hours/week
    1

  • KAREN COLINA WILSON SMITHBAUER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAURIE CUNNINGTON

    DIRECTOR/VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • LISA PHILLIPS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARGARET COONEY - CASEY

    DIRECTOR/PRES./TREASURER/EX-OFFICIO

    Total calculated
    $789,087
    From this org
    $0
    From related orgs
    $607,216
    Other
    $181,871
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $413,670 related
    Bonus
    $0 + $124,019 related
    Other
    $0 + $69,527 related
    Deferred
    $0 + $154,502 related
    Nontaxable benefits
    $0 + $27,369 related
    Filer's total
    $0 + $789,087 related

  • MARY KOSCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MATTHEW DENENBERG MD

    DIRECTOR

    Total calculated
    $624,425
    From this org
    $0
    From related orgs
    $587,190
    Other
    $37,235
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $532,993 related
    Bonus
    $0
    Other
    $0 + $54,197 related
    Deferred
    $0 + $6,100 related
    Nontaxable benefits
    $0 + $31,135 related
    Filer's total
    $0 + $624,425 related

  • NEELAM KUMAR MD

    DIRECTOR/VICE CHAIR

    Total calculated
    $2,500
    From this org
    $0
    From related orgs
    $2,500
    Other
    $0
    Hours/week
    1

  • ROBERT ROSOWSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STUART BLANCK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WARREN ROSE

    DIRECTOR/CHAIR

    Total calculated
    $24,500
    From this org
    $0
    From related orgs
    $24,500
    Other
    $0
    Hours/week
    1

  • CHRISTINA FREESE DECKER

    CEO

    Total calculated
    $6,732,149
    From this org
    $0
    From related orgs
    $5,358,468
    Other
    $1,373,681
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,319,878 related
    Bonus
    $0 + $2,835,338 related
    Other
    $0 + $203,252 related
    Deferred
    $0 + $1,345,273 related
    Nontaxable benefits
    $0 + $28,408 related
    Filer's total
    $0 + $6,732,149 related

  • MATTHEW COX

    CFO

    Total calculated
    $3,183,271
    From this org
    $0
    From related orgs
    $2,614,072
    Other
    $569,199
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,165,187 related
    Bonus
    $0 + $1,364,836 related
    Other
    $0 + $84,049 related
    Deferred
    $0 + $540,264 related
    Nontaxable benefits
    $0 + $28,935 related
    Filer's total
    $0 + $3,183,271 related

  • MICHELLE ANDERSON

    SECRETARY

    Total calculated
    $242,391
    From this org
    $0
    From related orgs
    $198,758
    Other
    $43,633
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $171,256 related
    Bonus
    $0 + $25,070 related
    Other
    $0 + $2,432 related
    Deferred
    $0 + $31,881 related
    Nontaxable benefits
    $0 + $11,752 related
    Filer's total
    $0 + $242,391 related

  • CHRISTOPHER FLORES

    FORMER OFFICER

    Total calculated
    $696,526
    From this org
    $0
    From related orgs
    $563,623
    Other
    $132,903
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $411,669 related
    Bonus
    $0 + $148,559 related
    Other
    $0 + $3,395 related
    Deferred
    $0 + $115,270 related
    Nontaxable benefits
    $0 + $17,633 related
    Filer's total
    $0 + $696,526 related

  • TERRY LANG

    FORMER OFFICER

    Total calculated
    $140,553
    From this org
    $0
    From related orgs
    $140,553
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $140,553 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $140,553 related

  • NANCY GRAY

    FORMER HCE

    Total calculated
    $243,009
    From this org
    $0
    From related orgs
    $199,834
    Other
    $43,175
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $172,017 related
    Bonus
    $0 + $25,070 related
    Other
    $0 + $2,747 related
    Deferred
    $0 + $32,444 related
    Nontaxable benefits
    $0 + $10,731 related
    Filer's total
    $0 + $243,009 related

  • THOMAS MCGANNON

    FORMER HCE

    Total calculated
    $295,511
    From this org
    $0
    From related orgs
    $255,698
    Other
    $39,813
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $185,415 related
    Bonus
    $0 + $68,576 related
    Other
    $0 + $1,707 related
    Deferred
    $0 + $28,591 related
    Nontaxable benefits
    $0 + $11,222 related
    Filer's total
    $0 + $295,511 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, Line 3
THE FILING ORGANIZATION RELIED UPON A RELATED ORGANIZATION WHO UTILIZED THE FOLLOWING PROCESS IN DETERMINATION OF THE TOP MANAGEMENT OFFICIAL'S COMPENSATION. THE COREWELL HEALTH BOARD OF DIRECTORS (THROUGH ITS COMPENSATION COMMITTEE) USES THE FOLLOWING PROCESS FOR DETERMINING COMPENSATION OF THE TOP MANAGEMENT OFFICIALS, OTHER OFFICERS, AND KEY EMPLOYEES AT COREWELL HEALTH. LABOR MARKET DATA REFLECTING COMPARABLE ORGANIZATIONS AND JOBS (PREPARED BY INDEPENDENT FIRMS) ARE RELIED UPON IN SETTING COMPENSATION LEVELS. COMPETITIVE ASSESSMENT REPORTS ARE PROVIDED TO THE COMPENSATION COMMITTEE IN ADVANCE OF MEETINGS. THE COMPETITIVE ASSESSMENT REPORT IS PREPARED BY A NATIONALLY KNOWN INDEPENDENT EXECUTIVE COMPENSATION FIRM. THE FOLLOWING SURVEYS, PREPARED BY INDEPENDENT FIRMS, WERE THE PRIMARY SOURCES REFERENCED TO OBTAIN COMPARABLE MARKET DATA FOR THE REVIEW: GALLAGHER: 2022 NATIONAL HEALTHCARE LEADERSHIP COMPENSATION SURVEY MERCER: 2023 IHN HEALTHCARE COMPENSATION SURVEY MERCER: 2023 IHP HEALTH PLAN COMPENSATION SURVEY SULLIVANCOTTER, INC: 2023 HEALTH CARE MANAGEMENT AND EXECUTIVE COMPENSATION SURVEY IN ADDITION, TWO GENERAL INDUSTRY SURVEYS WERE REFERENCED FOR SELECT POSITIONS: MERCER: 2023 US EXECUTIVE REMUNERATION SUITE WILLIS TOWERS WATSON: 2023 EXECUTIVE COMPENSATION SURVEY IN ADDITION TO THE ABOVE DATA SOURCES, THE COMPENSATION COMMITTEE APPROVED THE CREATION OF A CUSTOM PEER GROUP OF HIGH PERFORMING INTEGRATED HEALTH SYSTEMS TO ENSURE ROBUST DATA AND A RELEVANT COMPARATOR MARKET. THE PEER GROUP ORGANIZATIONS ARE APPROVED BY THE COMPENSATION COMMITTEE AND CONSISTS OF HEALTHCARE SYSTEMS SIMILAR IN REVENUE SIZE, TALENT MARKET COMPETITORS, HIGH PERFORMERS, FINANCIALLY STABLE AS INDICATED BY BOND RATING AND THAT FOLLOW A SIMILAR STRATEGY (MULTI-SITE SYSTEMS, HEALTH PLANS). COMPARABLE DATA FOR THE APPROVED PEER GROUP IS COMPILED BY THE INDEPENDENT EXECUTIVE COMPENSATION CONSULTING FIRM. COMPENSATION ADJUSTMENTS ARE APPROVED BY COMPENSATION COMMITTEE MEMBERS, CONSISTENT WITH THE COREWELL HEALTH COMPENSATION PHILOSOPHY DESCRIBED BELOW. MINUTES OF COMMITTEE DISCUSSIONS AND DECISIONS ARE PREPARED TO MEMORIALIZE COMPENSATION COMMITTEE DECISIONS BASED UPON THE ABOVE DATA. CASH COMPENSATION DATA RELIED UPON BY THE COMPENSATION COMMITTEE IS NATIONAL AND REFLECTS THE COMPENSATION PAID TO EXECUTIVES IN COMPARABLE JOBS IN COMPARABLY-SIZED HEALTH CARE AND/OR HEALTH INSURANCE ORGANIZATIONS. COREWELL HEALTH RECRUITS NATIONALLY FOR ITS EXECUTIVES. BENEFITS DATA REFLECT NATIONAL HEALTH CARE/HEALTH INSURANCE MARKET PRACTICES. THIS PROCESS IS INTENDED TO ASSIST COREWELL HEALTH IN QUALIFYING FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS (INTERMEDIATE SANCTIONS REGULATIONS) AND COMPLYING WITH THE POTENTIAL COREWELL HEALTH EXCESS BENEFIT TRANSACTION POLICY FOR THOSE INDIVIDUALS IN THE GROUP WHO ARE DISQUALIFIED PERSONS. THE OPINION SUBMITTED FROM THE THIRD PARTY INDEPENDENT CONSULTING FIRM IS IN ACCORDANCE WITH THE PROVISIONS OF TREASURY REGULATIONS SECTION 53.4958-6(C)(2) AND IS ALSO INTENDED TO SATISFY THE PROFESSIONAL ADVICE REQUIREMENT OF TREASURY REGULATIONS SECTION 53.4958-1(D)(4)(III).
Part I, Lines 4a-b
THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS: BENJAMIN SCHWARTZ M.D. $353,077 TERRY LANG $140,553 THE FOLLOWING INDIVIDUALS RECEIVED PAYMENTS FROM A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: BENJAMIN SCHWARTZ M.D. $242,361 CHRISTINA FREESE DECKER $1,411,341 CHRISTOPHER FLORES $148,559 DARRYL ELMOUCHI M.D. $461,727 MARGARET COONEY - CASEY $188,505 MATTHEW COX $421,370 MICHELLE ANDERSON $25,070 NANCY GRAY $25,070 THOMAS MCGANNON $27,574 PART I, LINE 4B IS ANSWERED YES BECAUSE CERTAIN INDIVIDUALS DO PARTICIPATE IN SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN(S). SOME INDIVIDUALS RECEIVED DISTRIBUTIONS DURING THE YEAR (AS REPORTED ON THIS LINE) WHEREAS OTHERS PARTICIPATED IN THE PLAN(S) BUT DID NOT RECEIVE DISTRIBUTIONS. DISTRIBUTIONS REPORTED ON THIS LINE ARE ALSO INCLUDED IN PART II, COLUMN F AS COMPENSATION REPORTED IN A PRIOR YEAR WHILE ALSO BEING REPORTED IN THE CURRENT 990 AS TOTAL COMPENSATION. THE NONQUALIFIED RETIREMENT PLANS ARE AN INDUSTRY STANDARD AND ARE SUBJECT TO THE FUNDING REQUIREMENTS OF NONQUALIFIED DEFERRED COMPENSATION PLANS UNDER ERISA AND FEDERAL TAX REGULATIONS.

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349306907

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