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← LAKELAND REGIONAL HEALTH SYSTEM ASSOCIATE BENEFIT PROGRAM TRUST

Form 990 for tax year 2024

Filed by LAKELAND REGIONAL HEALTH SYSTEM ASSOCIATE BENEFIT PROGRAM TRUST.

Totals

Total revenue
$4,323,344
Total expenses
$67,328
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$4,323,344
Other revenue
$0
Total assets, end of year
$19,079,803
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$19,079,803
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 3 · Investment income

    total $815,973 · excluded $815,973

  • 7a · Gross sales of assets other than inventory

    securities $12,989,509

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

    securities $9,482,138

  • 7c · Gain or loss

    securities $3,507,371

  • 7d · Net gain or loss

    total $3,507,371 · excluded $3,507,371

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $33,137

  • 11g · Fees: other

    total $34,191

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $624,502

  • 2 · Savings and temporary cash investments

    beginning of year $3,132,558 · end of year $16,028,072

  • 11 · Investments: publicly traded securities

    beginning of year $14,477,889 · end of year $2,073,378

  • 12 · Investments: other securities

    beginning of year $677,162 · end of year $353,851

  • 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 $18,287,609 · end of year $19,079,803

Mission and programs · 2024

Mission

THE TRUST WAS ESTABLISHED TO FUND THE POSTRETIREMENT OBLIGATION OF LAKELAND REGIONAL HEALTH SYSTEM.

Activities or mission (Part I)

TO FUND THE POSTRETIREMENT OBLIGATION OF LAKELAND REGIONAL HEALTH SYSTEM.

  • PAYMENT OF STIPEND TO ELIGIBLE RETIREES TOWARDS THE PURCHASE OF HEALTH INSURANCE OR TO PURCHASE THEIR OWN MEDICARE STOP LOSS INSURANCE COVERAGE. NUMBER OF ACTIVE MEMBERS IN THE PLAN IS 471. TOTAL EMPLOYEES THAT COULD BECOME ELIGIBLE TO RECEIVE FUTURE BENEFITS UPON RETIREMENT IS 343.

As filed on the 2024 return.

Listed in Part VII

  • Celeste McIntyre

    TRUSTEE

    Total calculated
    $675,901
    From this org
    $0
    From related orgs
    $535,849
    Other
    $140,052
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $417,322 related
    Bonus
    $0 + $83,202 related
    Other
    $0 + $35,325 related
    Deferred
    $0 + $104,930 related
    Nontaxable benefits
    $0 + $35,122 related
    Filer's total
    $0 + $675,901 related

  • Heather Lallo

    TRUSTEE

    Total calculated
    $447,047
    From this org
    $0
    From related orgs
    $395,176
    Other
    $51,871
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $327,681 related
    Bonus
    $0 + $63,037 related
    Other
    $0 + $4,458 related
    Deferred
    $0 + $19,759 related
    Nontaxable benefits
    $0 + $32,112 related
    Filer's total
    $0 + $447,047 related

  • Stephanie Ostrander

    TRUSTEE

    Total calculated
    $402,920
    From this org
    $0
    From related orgs
    $351,420
    Other
    $51,500
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $290,202 related
    Bonus
    $0 + $59,097 related
    Other
    $0 + $2,121 related
    Deferred
    $0 + $18,209 related
    Nontaxable benefits
    $0 + $33,291 related
    Filer's total
    $0 + $402,920 related

  • Linda MacDonald

    TRUSTEE

    Total calculated
    $686,961
    From this org
    $0
    From related orgs
    $587,039
    Other
    $99,922
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $446,449 related
    Bonus
    $0 + $88,711 related
    Other
    $0 + $51,879 related
    Deferred
    $0 + $80,005 related
    Nontaxable benefits
    $0 + $19,917 related
    Filer's total
    $0 + $686,961 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Part I, Line 4b
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. THE FOLLOWING INDIVIDUALS RECEIVED PAYMENTS FROM A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: LINDA MACDONALD $44,877 CELESTE MCINTYRE $31,476 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.

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.

  • CHCC TAYLOR LLC

    N/A · MANAGEMENT · MI

  • CHCC TROY LLC

    N/A · MANAGEMENT · MI

  • CHEC 1 LLC

    N/A · MANAGEMENT · MI

  • CHEC 2 LLC

    N/A · MANAGEMENT · MI

  • CHSC ROYAL OAK LLC

    N/A · MANAGEMENT · MI

  • DEARBORN SCHAEFFER OFFICE CO LLC

    N/A · REAL ESTATE · MI

  • OAKMED LLC

    N/A · PRIVATE DUTY NURSING · MI

  • SPECTRUM ATLAS JV LLC

    N/A · MANAGEMENT · MI

  • WEST MICHIGAN ACCOUNTABLE CARE ORGANIZATION LLC

    N/A · ACCOUNTABLE CARE ORGANIZATION · MI

Related corporations and trusts

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

  • 1697 MICHIGAN STREET PROPERTY

    C · PROPERTY MANAGEMENT · MI

    Directly controlled by SPECTRUM HEALTH HOSPITALS

  • 25 MICHIGAN STREET CONDOMINIUM ASSOCIATION

    C · PROPERTY MANAGEMENT · MI

    Directly controlled by SPECTRUM HEALTH HOSPITALS

  • 35 MICHIGAN STREET CONDOMINIUM ASSOCIATION

    C · PROPERTY MANAGEMENT · MI

    Directly controlled by SPECTRUM HEALTH HOSPITALS

  • BH SOUTHFIELD BILLING INC

    C · MANAGEMENT AND DISPATCH SERVICES · MI

    Directly controlled by BH GRAND RIVER SOUTHFIELD INC

  • BLUE STAR PROFESSIONAL BUILDING CONDOMINIUM ASSOCIATION

    C · PROPERTY MANAGEMENT · MI

    Directly controlled by HOSPICE AT HOME INC

  • BOTSFORD COMMONS PROPERTY ASSOCIATION

    C · PROPERTY MANAGEMENT · MI

    Directly controlled by BOTSFORD CONTINUING CARE CORPORATION

  • COREWELL HEALTH INDEMNITY COMPANY LTD

    PREMIUM DEPOSITS · CJ

    Directly controlled by COREWELL HEALTH

  • COREWELL HEALTH PHYSICIANS INSURANCE COMPANY

    C · PROFESSIONAL INSURANCE · MI

    Directly controlled by COREWELL HEALTH

  • FOUR FLAGS PROPERTIES INC

    C · PROPERTY MANAGEMENT · MI

    Directly controlled by LAKELAND HEALTH VENTURES INC

  • GRAND RIVER ABSOLUTE RETURN FUND LTD

    POOLED INVESTMENT FUND · CJ

    Directly controlled by COREWELL HEALTH

  • HELEN DE VOS WOMEN AND CHILDREN'S HEALTH PAVILION ASSOCIATION

    C · PROPERTY MANAGEMENT · MI

    Directly controlled by SPECTRUM HEALTH HOSPITALS

  • INNOVATIVE HEALTHCARE STRATEGIES INC

    C · NETWORK NEGOTIATIONS · IN

    Directly controlled by PHP MANAGEMENT SYSTEMS INC

  • LAKELAND HEALTH ENTERPRISES INC

    C · ACCOUNTING AND BILLING · MI

    Directly controlled by LAKELAND REGIONAL HEALTH SYSTEM INC

  • LAKELAND HEALTH VENTURES INC

    C · HOLDING COMPANY · MI

    Directly controlled by LAKELAND HEALTH ENTERPRISES INC

  • LAKELAND MEDICAL PRACTICES

    C · MEDICAL ADMINISTRATIVE SERVICES · MI

    Directly controlled by LAKELAND HEALTH ENTERPRISES INC

  • LAKELAND PERSONAL CARE SERVICES INC

    C · HEALTHCARE SERVICES · MI

    Directly controlled by LAKELAND HEALTH VENTURES INC

  • LAKELAND PHYSICIAN CARE NETWORK

    C · HEALTHCARE SERVICES · MI

    Directly controlled by LAKELAND HEALTH ENTERPRISES INC

  • LEMMEN-HOLTON CANCER PAVILION CONDOMINIUM ASSOCIATION

    C · PROPERTY MANAGEMENT · MI

    Directly controlled by SPECTRUM HEALTH HOSPITALS

  • LIONTECH INC

    C · CLAIMS SOFTWARE · IN

    Directly controlled by PHP MANAGEMENT SYSTEMS INC

  • MICHIGAN STREET PARKING CONDOMINIUM ASSOCIATION

    C · PROPERTY MANAGEMENT · MI

    Directly controlled by SPECTRUM HEALTH HOSPITALS

  • MICHIGAN STREET PROJECT CONDOMINIUM ASSOCIATION

    C · PROPERTY MANAGEMENT · MI

    Directly controlled by SPECTRUM HEALTH HOSPITALS

  • MUSCULO-SKELETAL CENTER CONDOMINIUM ASSOCIATION

    C · PROPERTY MANAGEMENT · MI

    Directly controlled by SPECTRUM HEALTH HOSPITALS

  • NILES PROFESSIONAL SERVICES INC

    C · HEALTHCARE SERVICES · MI

    Directly controlled by LAKELAND HEALTH VENTURES INC

  • OAKWOOD AFFILIATED VENTURES INC

    C · HOLDING COMPANY · MI

    Directly controlled by OAKWOOD HEALTHCARE INC

  • OAKWOOD ENTERPRISES INC

    C · PROPERTY MANAGEMENT · MI

    Directly controlled by OAKWOOD AFFILIATED VENTURES INC

  • PENNOCK PROFESSIONAL BUILDING CONDOMINIUM ASSOCIATION

    C · PROPERTY MANAGEMENT · MI

    Directly controlled by PENNOCK HOSPITAL

  • PENNOCK VENTURES INC

    C · PROPERTY MANAGEMENT · MI

    Directly controlled by PENNOCK HOSPITAL

  • PHP HOLDING COMPANY

    C · HOLDING COMPANY · IN

    Directly controlled by PHYSICIANS HEALTH PLAN OF NORTHERN INDIANA INC

  • PHP INSURANCE COMPANY OF INDIANA INC

    C · STOP LOSS REI · IN

    Directly controlled by PHP HOLDING COMPANY

  • PHP MANAGEMENT SYSTEMS INC

    C · THIRD PARTY ADMINISTRATOR · IN

    Directly controlled by PHP HOLDING COMPANY

  • PRIORITY HEALTH INSURANCE COMPANY

    C · INSURANCE · MI

    Directly controlled by PRIORITY HEALTH

  • PRIORITY HEALTH MANAGED BENEFITS INC

    C · THIRD PARTY ADMINISTRATOR · MI

    Directly controlled by COREWELL HEALTH

  • PRO-CLAIM PLUS INC

    C · THIRD PARTY ADMINISTRATOR · IN

    Directly controlled by PHP MANAGEMENT SYSTEMS INC

  • SOUTHWESTERN MEDICAL CLINIC PHYSICIANS INC

    C · PHYSICIANS OFFICE · MI

    Directly controlled by LAKELAND HEALTH ENTERPRISES INC

  • SPECTRUM HEALTH PHYSICIAN ALLIANCE

    C · PHYSICIANS OFFICE · MI

    Directly controlled by COREWELL HEALTH

  • THE PHARMACY SHOPPE INC

    C · PHARMACEUTICALS · MI

    Directly controlled by LAKELAND HEALTH VENTURES INC

  • WMHTC

    C · PHYSICIANS · MI

    Directly controlled by COREWELL HEALTH

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202543189349303674

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