Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $77,950,117

• 2a · Program service revenue: HEALTHCARE SERVICES

  total $1,707,762 · related or exempt $1,707,762

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $10,318,295 · program services $10,318,295

• 7 · Other salaries and wages

  total $57,385,314 · program services $57,385,314

• 9 · Other employee benefits

  total $2,197,847 · program services $2,197,847

• 10 · Payroll taxes

  total $2,395,678 · program services $2,395,678

• 11b · Fees: legal

  total $6,318 · program services $6,318

• 11g · Fees: other

  total $378,500 · program services $378,500

• 12 · Advertising and promotion

  total $675 · program services $675

• 13 · Office expenses

  total $2,667 · program services $2,667

• 17 · Travel

  total $105,624 · program services $105,624

• 22 · Depreciation, depletion and amortization

  total $11,356 · program services $11,356

• 23 · Insurance

  total $831,860 · program services $831,860

• 24a · Other expenses: WA STATE EXCISE TAX

  total $874,767 · program services $874,767

• 24b · Other expenses: SYSTEM LICENSING/ MAINT

  total $538,146 · program services $538,146

• 24c · Other expenses: PROVIDER CME

  total $293,401 · program services $293,401

• 24d · Other expenses: RECRUITMENT

  total $101,284 · program services $101,284

• 24e · All other expenses

  total $97,793 · program services $97,793

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $82,378 · end of year $0

• 4 · Accounts receivable

  beginning of year $7,611,126 · end of year $9,049,574

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,528,915 · end of year $23,539,664

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

  $109,591

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

  $56,347

• 10c · Land, buildings and equipment, net

  beginning of year $64,600 · end of year $53,244

• 15 · Other assets

  end of year $228,462

• 17 · Accounts payable and accrued expenses

  beginning of year $139,254 · end of year $16,211,886

• 25 · Other liabilities

  beginning of year $23,395,689 · end of year $25,788,628

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year -$13,247,924 · end of year -$9,129,570

The filer's explanations (Part III)

PART I, LINE 4B

LINE 4B - HUNT WADE, PRESIDENT FOR CHVI- PULSE HEART INSTITUTE, IS PARTICIPATING IN A 457(F) PLAN, AMOUNT PAID TO HIM IN 2023 WAS $66,503. IRC SECTION 457(F) PLANS ALLOW PARTICIPANTS TO CHOOSE FROM A NUMBER OF DIFFERENT TYPES OF BENEFITS WITH A DEFAULT SELECTION INTO A 457(F) PLAN. THE PLAN COVERS EMPLOYEES WHO ARE PRIMARILY A SELECT GROUP OF MANAGEMENT (THE EXECUTIVE GROUP) OR HIGHLY COMPENSATED EMPLOYEES. THIS TYPE OF ARRANGEMENT CONTAINS A RISK OF FORFEITURE AND SOME OF THE ACCOUNTS USE A NON-COMPETE CLAUSE. THE EXECUTIVE GROUP ACCOUNTS CONTAIN A ROLLING 5-YEAR CLIFF 50% VESTING SCHEDULE AND ONCE THAT IS BEING MET THE PARTICIPANT RECEIVES 50% OF THE ACCOUNT, WITH A 100% VESTING UPON AGE 62 OR 5 YEARS OF PRIOR EMPLOYMENT. FOR THE HIGHLY COMPENSATED GROUP (PLAN'S LEGACY PHYSICIAN PARTICIPANT GROUP) DISTRIBUTION OF BALANCES PAID REPRESENTED VESTED AMOUNT DURING THE YEAR. THE PAYMENTS WERE TAXED AND INCLUDED IN COLUMN B, (III).

SCHEDULE J, PART I LINE 3:

CHVI PROFESSIONAL CORPORATION RELIED ON A RELATED ORGANIZATION, MULTICARE HEALTH SYSTEM, TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT. SEE SCHEDULE O, PART VI, LINE 15 NARRATIVE FOR PROCESS USED BY MULTICARE HEALTH SYSTEM

SCHEDULE J, PART I&II, SUPPLEMENTAL

THE REPORTABLE COMPENSATION FOR THE OFFICERS OF THE CORPORATION IS BASED ON THE TOTAL AMOUNT PAID DURING THE YEAR FOR MANAGEMENT AND LEADERSHIP OF MULTICARE HEALTH SYSTEM AND ITS SUBSIDIARIES, INCLUDING CURRENT YEAR PAYMENTS OF AMOUNTS REPORTED IN PRIOR YEARS AS CONTRIBUTIONS TO EMPLOYEE BENEFIT PLANS AND DEFERRED COMPENSATION PLANS, TOGETHER WITH INVESTMENT EARNINGS FROM THOSE PRIOR YEAR CONTRIBUTIONS. THE AMOUNTS UNDER OTHER COMPENSATION, REPORTED ON SCHEDULE J, COLUMN C, INCLUDE DEFERRED COMPENSATION, AND THE VALUE OF MEDICAL, DENTAL, LIFE, DISABILITY INSURANCE, AND PENSION BENEFITS. COMPENSATION ON THIS TAX RETURN INCLUDES AMOUNTS THAT ARE NOT VESTED, ARE SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE AND MAY NOT BE PAID OUT IN THE FUTURE. THE PROCESS FOR DETERMINING EXECUTIVE COMPENSATION AT MULTICARE HEALTH SYSTEM (I) COMPLIES WITH THE IRS FORM 990 INSTRUCTIONS; (II) IS DETERMINED BY A SEPARATE COMMITTEE OF THE BOARD OF DIRECTORS WHOSE MEMBERS ARE ALL INDEPENDENT, DO NOT HAVE A CONFLICT OF INTEREST, AND ARE NON-PAID; AND (III) IS ANNUALLY EVALUATED IN THE CONTEXT OF COMPENSATION DATA GATHERED BY INDEPENDENT EXTERNAL CONSULTANTS FROM A PEER GROUP COMPRISED OF SIMILAR HIGH PERFORMING HEALTHCARE INSTITUTIONS, PRIMARILY INTEGRATED HEALTHCARE ORGANIZATIONS. COMPENSATION PAID IS DETERMINED TO BE REASONABLE AND NECESSARY BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS AND THE INDEPENDENT EXTERNAL CONSULTANT. IN ADDITION, A SIGNIFICANT PORTION OF COMPENSATION IS AT RISK AND BASED ON ACHIEVEMENT OF GOALS SET BY THE BOARD OF DIRECTORS AT THE START OF EACH YEAR IN AREAS SUCH AS PATIENT SAFETY, QUALITY, WORKFORCE DEVELOPMENT, FINANCE AND OTHER MISSION-RELATED AREAS. THE BOARD PLACES A HIGH PRIORITY ON THE NEED TO RECRUIT AND RETAIN A STRONG LEADERSHIP TEAM AND TO CREATE A HIGHLY MOTIVATED AND ENGAGED WORKFORCE TO DRIVE SUPERIOR ORGANIZATIONAL PERFORMANCE IN ORDER TO ACHIEVE TOP TIER INTEGRATED CARE DELIVERY SYSTEM STATUS. THE EXECUTIVE COMPENSATION COMMITTEE ROUTINELY REVIEWS BENEFITS AND RETIREMENT PROGRAMS TO ENSURE THE PLANS ARE MARKET-BASED AND OTHERWISE CONSISTENT WITH IRS GUIDELINES. THE OFFICERS OF MULTICARE HEALTH SYSTEM, 91-1352172, ALSO FULFILL OFFICER AND EXECUTIVE FUNCTIONS FOR ITS RELATED ENTITIES. COMPENSATION DISCLOSED IS REPORTED TO THE RELATED ENTITIES TAX RETURNS IN ACCORDANCE WITH IRS REGULATIONS, BUT IS NOT CHARGED TO THE SUBSIDIARY OR AFFILIATE. AN OFFICER LISTED DEVOTES AN AVERAGE OF 52 HOURS PER WEEK TO PERFORM HIS OR HER RESPONSIBILITIES.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• OLYMPIC SPORTS & SPINE PLLC

  N/A · HEALTHCARE SERVICES · WA

• AUBURN IMAGING PARTNERS

  N/A · HEALTHCARE SERVICES · WA

• VP SURGERY OF AUBURN

  N/A · HEALTHCARE SERVICES · WA

• REDICLINIC OF WA LLC

  N/A · HEALTHCARE SERVICES · TX

• INDIGO IDAHO SERVICES LLC

  N/A · HEALTHCARE SERVICES · ID

• PHYSICIANS OF SW WA LLC

  N/A · HEALTHCARE SERVICES · WA

• MYRIADD SUPPLY NETWORK LLC

  N/A · HEALTHCARE SERVICES · WA

Related corporations and trusts

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

• MEDIS CORPORATION

  C · MEDICAL OFFICE BLDG.RENTAL · WA

• COMMENCEMENT RE

  C · MALPRACTICE INSURANCE · CJ