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Nonprofiteer
← COREWELL HEALTH

Form 990 for tax year 2023

Filed by COREWELL HEALTH.

Totals

Total revenue
$8,970,718
Total expenses
$7,389,043
Contributions and grants received
$0
Grants paid
$5,000
Program services expenses (Part IX)
$6,859,018
Management and general expenses
$530,025
Fundraising expenses
$0
Program service expenses (Part III)
$6,859,018

Program services were 92.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ASHOK JAIN MD

    DIRECTOR

    Total calculated
    $355,879
    From this org
    $20,000
    From related orgs
    $280,329
    Other
    $55,550
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $20,000 + $244,910 related
    Bonus
    $0 + $29,644 related
    Other
    $0 + $5,775 related
    Deferred
    $0 + $29,277 related
    Nontaxable benefits
    $0 + $26,273 related
    Filer's total
    $20,000 + $335,879 related

  • KIRAN NANDALUR MD

    DIRECTOR

    Total calculated
    $653,064
    From this org
    $0
    From related orgs
    $614,477
    Other
    $38,587
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $612,841 related
    Bonus
    $0
    Other
    $0 + $1,636 related
    Deferred
    $0 + $22,600 related
    Nontaxable benefits
    $0 + $15,987 related
    Filer's total
    $0 + $653,064 related

  • THOMAS LANNI JR

    DIRECTOR/TREASURER

    Total calculated
    $678,833
    From this org
    $0
    From related orgs
    $641,474
    Other
    $37,359
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $394,937 related
    Bonus
    $0 + $187,907 related
    Other
    $0 + $58,630 related
    Deferred
    $0 + $6,100 related
    Nontaxable benefits
    $0 + $31,259 related
    Filer's total
    $0 + $678,833 related

  • NANCY SUSICK

    DIRECTOR/PRESIDENT

    Total calculated
    $1,431,049
    From this org
    $0
    From related orgs
    $1,194,101
    Other
    $236,948
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $720,521 related
    Bonus
    $0 + $337,395 related
    Other
    $0 + $136,185 related
    Deferred
    $0 + $209,050 related
    Nontaxable benefits
    $0 + $27,898 related
    Filer's total
    $0 + $1,431,049 related

  • TINA WOOD

    DIRECTOR/SECRETARY

    Total calculated
    $484,641
    From this org
    $0
    From related orgs
    $447,420
    Other
    $37,221
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $353,933 related
    Bonus
    $0 + $87,126 related
    Other
    $0 + $6,361 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $21,971 related
    Filer's total
    $0 + $484,641 related

  • LUCAS TREVINO

    DIRECTOR

    Total calculated
    $240,629
    From this org
    $0
    From related orgs
    $192,643
    Other
    $47,986
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,509 related
    Bonus
    $0 + $24,513 related
    Other
    $0 + $621 related
    Deferred
    $0 + $13,883 related
    Nontaxable benefits
    $0 + $34,103 related
    Filer's total
    $0 + $240,629 related

  • BRIAN MADISON

    DIRECTOR

    Total calculated
    $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

  • LEE ANN ODOM

    FORMER OFFICER

    Total calculated
    $498,374
    From this org
    $0
    From related orgs
    $498,374
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $498,374 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $498,374 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 — 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: LEE ANN ODOM $498,374 THOMAS LANNI JR $57,247 THE FOLLOWING INDIVIDUALS RECEIVED PAYMENTS FROM A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: ASHOK JAIN MD $29,644 CHRISTINA FREESE DECKER $1,411,341 LUCAS TREVINO $14,513 MATTHEW COX $421,370 NANCY SUSICK $274,353 THOMAS LANNI JR $120,964 TINA WOOD $87,126 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202423099349303222

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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