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Nonprofiteer
← ADVENTIST HEALTH SYSTEM SUNBELT INC

Form 990 for tax year 2022

Filed by ADVENTIST HEALTH SYSTEM SUNBELT INC.

Totals

Total revenue
$6,252,705,895
Total expenses
$5,809,231,036
Contributions and grants received
$104,069,888
Grants paid
$25,705,251
Program services expenses (Part IX)
$5,328,982,795
Management and general expenses
$480,248,241
Fundraising expenses
$0
Program service expenses (Part III)
$5,328,982,795

Program services were 91.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Aguilera Ronald

    Director (End 5/22)

    Total calculated
    $6,088
    From this org
    $0
    From related orgs
    $6,088
    Other
    $0
    Hours/week
    1 + 2 related

  • Bernard Roger A

    Director (End 9/22)

    Total calculated
    $5,708
    From this org
    $0
    From related orgs
    $5,708
    Other
    $0
    Hours/week
    1 + 2 related

  • Bigalke John T

    Director

    Total calculated
    $37,511
    From this org
    $0
    From related orgs
    $37,511
    Other
    $0
    Hours/week
    1 + 2 related

  • Brooks Stephen

    Director (Beg 9/22)

    Total calculated
    $5,238
    From this org
    $0
    From related orgs
    $5,238
    Other
    $0
    Hours/week
    1 + 1.5 related

  • Cherry MD Robert A

    Director

    Total calculated
    $29,511
    From this org
    $0
    From related orgs
    $29,511
    Other
    $0
    Hours/week
    1 + 2 related

  • Craig Carlos J

    Dir./Vice Chair/Secretary

    Total calculated
    $5,417
    From this org
    $0
    From related orgs
    $5,417
    Other
    $0
    Hours/week
    1 + 2 related

  • Davidson James R

    Director (End 9/22)

    Total calculated
    $5,363
    From this org
    $0
    From related orgs
    $5,363
    Other
    $0
    Hours/week
    1 + 1.5 related

  • Denslow Kenneth

    Dir./Vice Chair

    Total calculated
    $5,692
    From this org
    $0
    From related orgs
    $5,692
    Other
    $0
    Hours/week
    2 + 2 related

  • Devore Susan D

    Director

    Total calculated
    $34,013
    From this org
    $0
    From related orgs
    $34,013
    Other
    $0
    Hours/week
    1 + 2 related

  • Freedman David

    Director (Beg 9/22)

    Total calculated
    $5,363
    From this org
    $0
    From related orgs
    $5,363
    Other
    $0
    Hours/week
    1 + 1.5 related

  • Gabriel Garth

    Director (Beg 9/22)

    Total calculated
    $5,088
    From this org
    $0
    From related orgs
    $5,088
    Other
    $0
    Hours/week
    1 + 1 related

  • Grys DMin MD John

    Director (Beg 5/22)

    Total calculated
    $5,013
    From this org
    $0
    From related orgs
    $5,013
    Other
    $0
    Hours/week
    1 + 1 related

  • Johnson Tidjani Michelle

    Director

    Total calculated
    $26,013
    From this org
    $0
    From related orgs
    $26,013
    Other
    $0
    Hours/week
    1 + 2 related

  • Machado Allan

    Director

    Total calculated
    $5,088
    From this org
    $0
    From related orgs
    $5,088
    Other
    $0
    Hours/week
    1 + 1.5 related

  • Morel Jr D Min Hubert J

    Director (Beg 9/22)

    Total calculated
    $5,238
    From this org
    $0
    From related orgs
    $5,238
    Other
    $0
    Hours/week
    1 + 1 related

  • Morgan William H

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Page John M

    Director (End 9/22)

    Total calculated
    $5,213
    From this org
    $0
    From related orgs
    $5,213
    Other
    $0
    Hours/week
    1 + 1.5 related

  • Ramirez Elden

    Director (End 9/22)

    Total calculated
    $5,363
    From this org
    $0
    From related orgs
    $5,363
    Other
    $0
    Hours/week
    1 + 2 related

  • Rustad Gary

    Director (Beg 9/22)

    Total calculated
    $6,913
    From this org
    $0
    From related orgs
    $6,913
    Other
    $0
    Hours/week
    1 + 1.5 related

  • Sauder PhD Vinita

    Director

    Total calculated
    $5,213
    From this org
    $0
    From related orgs
    $5,213
    Other
    $0
    Hours/week
    1 + 1 related

  • Scott Glynn CW

    Director (Beg 9/22)

    Total calculated
    $5,363
    From this org
    $0
    From related orgs
    $5,363
    Other
    $0
    Hours/week
    1 + 2 related

  • Shaw EdD Kenneth

    Director

    Total calculated
    $5,613
    From this org
    $0
    From related orgs
    $5,613
    Other
    $0
    Hours/week
    1 + 1.5 related

  • Shaw Terry D

    Dir/President/AdventHealth CEO

    Total calculated
    $5,678,983
    From this org
    $0
    From related orgs
    $4,723,276
    Other
    $955,707
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,220,503 related
    Bonus
    $0 + $879,735 related
    Other
    $0 + $1,623,038 related
    Deferred
    $0 + $895,900 related
    Nontaxable benefits
    $0 + $59,807 related
    Filer's total
    $0 + $5,678,983 related

  • Smith DMin PhD Ron C

    Director/Chairperson

    Total calculated
    $5,542
    From this org
    $0
    From related orgs
    $5,542
    Other
    $0
    Hours/week
    2 + 2 related

  • Thurber Gary F

    Director/Vice Chair

    Total calculated
    $6,063
    From this org
    $0
    From related orgs
    $6,063
    Other
    $0
    Hours/week
    2 + 2 related

  • Thurber John Mic

    Director (End 9/22)

    Total calculated
    $5,088
    From this org
    $0
    From related orgs
    $5,088
    Other
    $0
    Hours/week
    1 + 2 related

  • Tikker Blair

    Director

    Total calculated
    $34,013
    From this org
    $0
    From related orgs
    $34,013
    Other
    $0
    Hours/week
    1 + 2 related

  • VandeVere David

    Director (End 9/22)

    Total calculated
    $5,888
    From this org
    $0
    From related orgs
    $5,888
    Other
    $0
    Hours/week
    1 + 1 related

  • Werner Thomas L

    Director

    Total calculated
    $5,585
    From this org
    $0
    From related orgs
    $5,585
    Other
    $0
    Hours/week
    1 + 2 related

  • Haffner PhD Randall

    CEO Central FL Division

    Total calculated
    $2,610,276
    From this org
    $0
    From related orgs
    $2,420,244
    Other
    $190,032
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,552,405 related
    Bonus
    $0 + $562,179 related
    Other
    $0 + $305,660 related
    Deferred
    $0 + $145,900 related
    Nontaxable benefits
    $0 + $44,132 related
    Filer's total
    $0 + $2,610,276 related

  • Rathbun Paul C

    AdventHealth CFO

    Total calculated
    $2,747,966
    From this org
    $0
    From related orgs
    $2,536,010
    Other
    $211,956
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,218,839 related
    Bonus
    $0 + $421,406 related
    Other
    $0 + $895,765 related
    Deferred
    $0 + $166,400 related
    Nontaxable benefits
    $0 + $45,556 related
    Filer's total
    $0 + $2,747,966 related

  • Adams Brian

    CEO Central FL Div. South Region

    Total calculated
    $1,336,201
    From this org
    $0
    From related orgs
    $1,153,386
    Other
    $182,815
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $736,878 related
    Bonus
    $0 + $158,876 related
    Other
    $0 + $257,632 related
    Deferred
    $0 + $130,406 related
    Nontaxable benefits
    $0 + $52,409 related
    Filer's total
    $0 + $1,336,201 related

  • Cook Timothy

    CEO AH Altamonte & Seminole Market

    Total calculated
    $822,433
    From this org
    $0
    From related orgs
    $697,902
    Other
    $124,531
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $459,242 related
    Bonus
    $0 + $134,089 related
    Other
    $0 + $104,571 related
    Deferred
    $0 + $77,615 related
    Nontaxable benefits
    $0 + $46,916 related
    Filer's total
    $0 + $822,433 related

  • Deininger Robert

    CEO AH Orlando

    Total calculated
    $877,151
    From this org
    $0
    From related orgs
    $736,963
    Other
    $140,188
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $547,187 related
    Bonus
    $0 + $123,750 related
    Other
    $0 + $66,026 related
    Deferred
    $0 + $92,862 related
    Nontaxable benefits
    $0 + $47,326 related
    Filer's total
    $0 + $877,151 related

  • Finkler MD Neil

    Chief Clinical Officer AH Central FL Div.

    Total calculated
    $1,268,478
    From this org
    $0
    From related orgs
    $1,225,302
    Other
    $43,176
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $689,063 related
    Bonus
    $0 + $156,223 related
    Other
    $0 + $380,016 related
    Deferred
    $0 + $16,400 related
    Nontaxable benefits
    $0 + $26,776 related
    Filer's total
    $0 + $1,268,478 related

  • Goodman Todd

    CFO, AH Central FL Division

    Total calculated
    $2,027,198
    From this org
    $0
    From related orgs
    $1,822,857
    Other
    $204,341
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $860,712 related
    Bonus
    $0 + $218,316 related
    Other
    $0 + $743,829 related
    Deferred
    $0 + $145,900 related
    Nontaxable benefits
    $0 + $58,441 related
    Filer's total
    $0 + $2,027,198 related

  • Harcombe Douglas

    CEO AH Celebration & South Market

    Total calculated
    $824,869
    From this org
    $0
    From related orgs
    $692,609
    Other
    $132,260
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $490,120 related
    Bonus
    $0 + $113,042 related
    Other
    $0 + $89,447 related
    Deferred
    $0 + $81,383 related
    Nontaxable benefits
    $0 + $50,877 related
    Filer's total
    $0 + $824,869 related

  • Hilliard Douglas

    Sr Finance Officer AH Orlando

    Total calculated
    $1,144,938
    From this org
    $0
    From related orgs
    $1,006,458
    Other
    $138,480
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $605,619 related
    Bonus
    $0 + $162,383 related
    Other
    $0 + $238,456 related
    Deferred
    $0 + $90,400 related
    Nontaxable benefits
    $0 + $48,080 related
    Filer's total
    $0 + $1,144,938 related

  • Moorhead Sheryl

    Chief People Off. AH Central FL Div.

    Total calculated
    $784,719
    From this org
    $0
    From related orgs
    $748,807
    Other
    $35,912
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $481,561 related
    Bonus
    $0 + $131,228 related
    Other
    $0 + $136,018 related
    Deferred
    $0 + $16,400 related
    Nontaxable benefits
    $0 + $19,512 related
    Filer's total
    $0 + $784,719 related

  • Thompson Michael

    CEO IHS Central FL Div-South Region

    Total calculated
    $1,370,772
    From this org
    $0
    From related orgs
    $1,223,927
    Other
    $146,845
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $638,734 related
    Bonus
    $0 + $197,706 related
    Other
    $0 + $387,487 related
    Deferred
    $0 + $96,504 related
    Nontaxable benefits
    $0 + $50,341 related
    Filer's total
    $0 + $1,370,772 related

  • Vargas Karilynn

    CEO AH Winter Garden & West Market

    Total calculated
    $671,700
    From this org
    $0
    From related orgs
    $576,289
    Other
    $95,411
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $411,728 related
    Bonus
    $0 + $101,483 related
    Other
    $0 + $63,078 related
    Deferred
    $0 + $45,268 related
    Nontaxable benefits
    $0 + $50,143 related
    Filer's total
    $0 + $671,700 related

  • Villanueva Jeffrey

    CEO AH East Orlando & East Market

    Total calculated
    $1,434,484
    From this org
    $0
    From related orgs
    $1,314,892
    Other
    $119,592
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $454,778 related
    Bonus
    $0 + $101,425 related
    Other
    $0 + $758,689 related
    Deferred
    $0 + $72,620 related
    Nontaxable benefits
    $0 + $46,972 related
    Filer's total
    $0 + $1,434,484 related

  • Zbaraschuk Amy

    Sr Fin Off. Central FL Div-South Region

    Total calculated
    $802,236
    From this org
    $0
    From related orgs
    $680,236
    Other
    $122,000
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $468,436 related
    Bonus
    $0 + $132,293 related
    Other
    $0 + $79,507 related
    Deferred
    $0 + $75,918 related
    Nontaxable benefits
    $0 + $46,082 related
    Filer's total
    $0 + $802,236 related

  • Accola MD Kevin

    Phy/Exec Med Dir/Cardio Surgery & Structural Heart

    Total calculated
    $1,661,968
    From this org
    $1,626,444
    From related orgs
    $0
    Other
    $35,524
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,409,335
    Bonus
    $200,000
    Other
    $17,109
    Deferred
    $16,400
    Nontaxable benefits
    $19,124
    Filer's total
    $1,661,968

  • Bogar MD Linda

    Physician - Heart Transplant

    Total calculated
    $1,479,758
    From this org
    $1,434,928
    From related orgs
    $0
    Other
    $44,830
    Hours/week
    75

    Schedule J breakdown matched by us

    Base
    $742,977
    Bonus
    $678,152
    Other
    $13,799
    Deferred
    $16,400
    Nontaxable benefits
    $28,430
    Filer's total
    $1,479,758

  • Palmer MD George

    Phy/AH Celebration Cardio Surgery

    Total calculated
    $1,461,606
    From this org
    $1,416,890
    From related orgs
    $0
    Other
    $44,716
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,297,564
    Bonus
    $100,000
    Other
    $19,326
    Deferred
    $16,400
    Nontaxable benefits
    $28,316
    Filer's total
    $1,461,606

  • Silvestry MD Scott

    Phy/Dir AH Thoracic Transplant

    Total calculated
    $2,956,937
    From this org
    $2,909,076
    From related orgs
    $0
    Other
    $47,861
    Hours/week
    85

    Schedule J breakdown matched by us

    Base
    $1,741,716
    Bonus
    $1,144,480
    Other
    $22,880
    Deferred
    $16,400
    Nontaxable benefits
    $31,461
    Filer's total
    $2,956,937

  • Zeeshan MD Ahmad

    Physician - Heart Transplant

    Total calculated
    $1,493,889
    From this org
    $1,458,296
    From related orgs
    $0
    Other
    $35,593
    Hours/week
    75

    Schedule J breakdown matched by us

    Base
    $770,956
    Bonus
    $678,152
    Other
    $9,188
    Deferred
    $16,400
    Nontaxable benefits
    $19,193
    Filer's total
    $1,493,889

  • Tol Daryl

    Former SEVP/CEO Central FL Div

    Total calculated
    $792,136
    From this org
    $0
    From related orgs
    $792,032
    Other
    $104
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $792,032 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $104 related
    Filer's total
    $0 + $792,136 related

  • Bradley Kenneth W

    Former Key Emp/AH Dir Emerging Leader

    Total calculated
    $227,815
    From this org
    $0
    From related orgs
    $193,548
    Other
    $34,267
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,577 related
    Bonus
    $0 + $21,765 related
    Other
    $0 + $13,206 related
    Deferred
    $0 + $9,165 related
    Nontaxable benefits
    $0 + $25,102 related
    Filer's total
    $0 + $227,815 related

  • Moorhead MD David

    Former EVP/Chief Clinical Officer

    Total calculated
    $1,769,015
    From this org
    $0
    From related orgs
    $1,734,675
    Other
    $34,340
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $943,380 related
    Bonus
    $0 + $295,926 related
    Other
    $0 + $495,369 related
    Deferred
    $0 + $16,400 related
    Nontaxable benefits
    $0 + $17,940 related
    Filer's total
    $0 + $1,769,015 related

  • Owen Terry R

    Former SVP Partnering Strategy CFD

    Total calculated
    $321,697
    From this org
    $0
    From related orgs
    $305,559
    Other
    $16,138
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $305,559 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $16,138 related
    Filer's total
    $0 + $321,697 related

  • Wandersleben Jennifer

    Former CEO AH CFD So Acute Care S

    Total calculated
    $1,119,714
    From this org
    $0
    From related orgs
    $949,270
    Other
    $170,444
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $649,654 related
    Bonus
    $0 + $180,378 related
    Other
    $0 + $119,238 related
    Deferred
    $0 + $114,611 related
    Nontaxable benefits
    $0 + $55,833 related
    Filer's total
    $0 + $1,119,714 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

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Discretionary spending account
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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 1a
The filing organization is a part of the system of healthcare organizations known as AdventHealth. Members of the filing organization's executive management team that hold the position of Vice-President or above are compensated by and on the payroll of Adventist Health System Sunbelt Healthcare Corporation (AHSSHC), the parent organization of the healthcare system known as AdventHealth. AHSSHC is exempt from federal income tax under IRC Section 501(c)(3). The filing organization reimburses AHSSHC for the salary and benefit cost of those executive listed in Part VII that are on the payroll of AHSSHC. At the direction of AHSSHC, and in accordance with the reserved powers in the filing organization's governing documents, the executive team listed on Part VII provides services to the filing organization. First-class or charter travel: Pursuant to the AdventHealth system-wide general policy regarding business travel, no reimbursement will be provided for any additional cost incurred with respect to first-class or charter air travel beyond the cost of a regular coach airfare. As a means of providing additional business travel reimbursement for those members of the AHSSHC senior executive management team that travel frequently on behalf of AdventHealth, a special annual travel allowance is provided for those executives. As AdventHealth operates 49 hospitals in 9 states, the senior leadership of AHSSHC travel extensively and often visit multiple hospital locations in different states as a part of a single business trip. The special travel allowance can provide reimbursements to the executive for such items as the purchase of air travel upgrade coupons, to cover the cost differential between coach and first-class travel, or to cover the cost of a charter flight. The special travel allowance benefit was originally authorized by and codified into a policy by the AHSSHC Board Compensation Committee (the Committee), an independent body of the AHSSHC Board of Directors, who also approves the annual cap on the amount of the allowance. The special travel allowance has an annual cap of $24,000 for members of the Leadership Executive Team (13 AdventHealth Cabinet members and the AdventHealth Multi-State CFO) and $15,000 for AdventHealth Corporate Office Senior Vice Presidents, Regional CEO's, and Division Chief Officers (generally 50 - 55 individual executives). The CEO, CFO, Chief Clinical Officer and Chief People Officer of the AdventHealth Central FL Division, the Central FL-South Region CEO and the CEO of the IHS Division in Central FL South Region are officers or key employees of the filing organization. The CEO, CFO, Chief Clinical Officer and Chief People Officer of the AdventHealth Central FL Division, the Central FL-South Region CEO and the CEO of the IHS Division in Central FL South Region are considered common law employees of and are on the payroll of AHSSHC. While the special travel allowance benefit is an AHSSHC compensation policy and practice, the cost of providing this benefit is allocated to and either wholly or partially reimbursed by the filing organization. Accordingly, the filing organization has checked the box in Schedule J, Part I, line 1a for first-class or charter travel since it has wholly or partially paid for the cost of providing this benefit. Those executives who receive the special travel allowance are responsible for tracking the expenses reimbursable under the special travel allowance and must submit such expenses on their accountable plan expense report. A report on charter travel is provided to the AHSSHC Board Compensation Committee at each meeting. Any taxable reimbursements made to executives under the special travel allowance arrangement are treated as taxable compensation to the executive. Travel for companions: AHSSHC has a Corporate Executive Policy that provides a benefit to allow for a traveling AHSSHC executive to have his or her spouse accompany the executive on certain business trips each year. Typically, reimbursement is only provided to certain executive leaders and is usually limited to one business trip per year beyond the annual AdventHealth President's Council business meeting and other meetings where the spouse is specifically invited. The AHSSHC Corporate Executive Spousal Travel Policy was originally approved and reviewed by the AHSSHC Board Compensation Committee, an independent body of the AHSSHC Board of Directors. All spousal travel costs reimbursed to the executive are considered taxable compensation to the executive. Tax Indemnification and gross-up payments: AdventHealth has a system-wide policy addressing gross-up payments provided in connection with employer-provided benefits/other taxable items. Under the policy, certain taxable business-related reimbursements (i.e. taxable business-related moving expenses, taxable items provided in connection with employment) provided to any employee may be grossed-up at a 25% rate upon approval by the filing organization's CEO and CFO. Additionally, employees at the Director level and above are eligible for gross-up payments on gifts received for board of director services. Discretionary spending account: Occasional discretionary spending amounts are periodically provided to eligible executives who attend annual business meetings such as the AdventHealth President's Council, CFO Conference or the CMO/CNO business meeting. Payments provided to each executive are considered taxable compensation to the executive. Housing allowance or residence for personal use: AHSSHC has a Corporate Executive Policy that addresses assistance to executives who have been relocated by the company during the year. Relocation assistance provided to executives may include relocation allowances to assist with duplicate housing expenses. Relocation assistance is administered per AHSSHC policy by an external relocation company. All taxable reimbursements made to executives in connection with relocation assistance are treated as wages to the executive and are subject to all payroll withholding and reporting requirements. Health or social club dues or initiation fees: AHSSHC has a Corporate Executive Policy that addresses business development expenditures. Under this policy, to encourage executives to establish and cultivate strong working relationships with the medical community and other leaders in the community and industry, certain AdventHealth executives may be reimbursed for member dues and usage charges for a country club or other social club upon authorization. Club memberships must be approved by the AdventHealth President/CEO initially as well as on an annual basis. Each AdventHealth executive who is approved for a club membership must submit an annual report describing how they used the membership to benefit their organization during the preceding year so that the AdventHealth President/CEO can determine if continuance of the club membership furthers the business interests of AdventHealth. In the current year, for this filing organization, one executive listed in Part VII received reimbursement for club fees. While the club dues membership is an AHSSHC compensation policy and practice, the cost of providing this benefit is allocated to and reimbursed in whole or in part by the filing organization. Accordingly, the filing organization has checked the box in Schedule J, Part I, line 1a for health or social club dues since it has wholly or partially paid for the cost of providing this benefit.
Part I, Line 3
The individual who serves as the CEO of the filing organization is appointed and compensated by Adventist Health System Sunbelt Healthcare Corporation (AHSSHC). Compensation and benefits provided to this individual are determined pursuant to policies, procedures, and processes of AHSSHC that are designed to ensure compliance with the intermediate sanctions laws as set forth in IRC Section 4958. AHSSHC has taken steps to ensure that processes are in place to satisfy the rebuttable presumption of reasonableness standard as set forth in Treasury Regulation Section 53.4958-6 with respect to its active executive-level positions. The AHSSHC Board Compensation Committee (the Committee) serves as the governing body for all executive compensation matters. The Committee is composed of certain members of the Board of Directors (the Board) of AHSSHC. Voting members of the Committee include only individuals who serve on the Board as independent representatives, who hold no employment positions with AHSSHC and who do not have relationships with any of the individuals whose compensation is under their review that impacts their best independent judgment as fiduciaries of AHSSHC. The Committee's role is to review and approve all components of the executive compensation plan of AHSSHC. As an independent governing body with respect to executive compensation, it should be noted that the Committee will often confer in executive sessions on matters of compensation policy and policy changes. In such executive sessions, no members of management of AHSSHC are present, other than the Chief People Officer, who remains at the request of the Chairman/committee to provide assistance/information as needed. The Committee is advised by an independent third-party compensation advisor. This advisor prepares all the benchmark studies for the Committee. Compensation levels are benchmarked with a national peer group of other not-for-profit healthcare systems and hospitals of similar size and complexity to AdventHealth and each of its affiliated entities. The following principles guide the establishment of individual executive compensation: - The salary of the President/CEO of AdventHealth will not exceed the 50th percentile of comparable salaries paid by similarly situated organizations; and - Other executive salaries shall be established using market medians. The compensation philosophy, policies, and practices of AHSSHC are consistent with the organization's faith-based mission and conform to applicable laws, regulations, and business practices. As a faith-based organization sponsored by the Seventh-day Adventist Church (the Church), AHSSHC's philosophy and principles with respect to its executive compensation practices reflect the conservative approach of the Church's mission of service and were developed in counsel with the Church's leadership.
Part I, Lines 4a-b
During the year ending December 31, 2022, Daryl Tol and Terry Owen received severance payments in the amount of $776,484 and $290,319, respectively. Pursuant to the AHSSHC Corporate Executive Policy governing executive severance, severance agreements for executives operating at the Vice President level and above are entered into upon eligibility to facilitate the transition to subsequent employment following an involuntary separation from employment with AdventHealth. As discussed in Line 1a above, executives on the filing organization's management team that hold the position of Vice-President or above are compensated by and on the payroll of Adventist Health System Sunbelt Healthcare Corporation (AHSSHC), the parent organization of the healthcare system known as AdventHealth. In recognition of the contribution that each executive makes to the success of AdventHealth, AdventHealth provides supplemental executive retirement benefit plans to eligible executives. As the supplemental executive retirement benefit plans were updated in 2020 and certain individuals still participate as grand-fathered participants in certain plans, the narrative below discusses all plans in which there were any participants in 2022. The SERP III plan effectively replaces the prior SERP II plan, the Executive Flex Benefit Program Plan, and the Senior Executive Death Benefit Plan for qualified executives except for certain grandfathered executive employees. SERP III Plan: The SERP III plan provides eligible executives a percentage of their base pay, which is credited to a deferred compensation account. The plan also provides for compensation deferral and selection of life insurance coverage and long-term care insurance. To be eligible to participate in the SERP III plan, executives must be on the AHSSHC corporate payroll and be either a CEO of an AdventHealth entity, an AHSSHC Vice President (VP) or VP of an AdventHealth entity with a base salary of at least $305,000 in 2022 (adjusted annually by the same percentage as IRC Section 401(a)(17) limit increases), or other leader specifically approved by the AdventHealth President. Eligible executives do not include grandfathered executives, meaning those executives who would satisfy all the eligibility requirements of the SERP II plan prior to Dec 31, 2027, had the plan not been amended and restated as of Jan. 1, 2020. Contribution credits will be established and maintained by class year accounts for each participant using tiered contribution credit percentages of annual base compensation. Contribution credit percentages range between 15% and 19% of base compensation. Contribution credits will be made each quarter in 25% increments with reductions in contributions if the executive is also a grandfathered FLEX participant (see below). SERP III provides for a class year vesting and payment schedule (7 years for each class year) with respect to amounts accumulated in the executive's deferred compensation account. Upon attainment of a normal retirement age (age 62), or upon certain other circumstances as defined in the SERP III plan document, all deferred amounts are paid immediately to the participant. For any executives working beyond the normal retirement age, future employer contributions will be made quarterly from SERP III directly to the participant as a taxable cash bonus. SERP II Plan: The SERP II plan is a defined benefit, non-tax-qualified deferred compensation plan for certain executives who have provided lengthy service to AdventHealth and/or to other Seventh-day Adventist Church hospitals or health care institutions. Under the provisions of the SERP II plan, benefits are provided to qualifying executive participants on a pro-rata schedule beginning with 20 years of service as an employee of AdventHealth and/or another hospital or health care institution controlled by the Seventh-day Adventist Church and who satisfy certain other qualifying criteria. Eligible employees are restricted to those executives who, as of January 1, 2020, satisfied, or if employment continues, will satisfy the eligibility requirements of SERP II prior to December 31, 2027. This supplemental executive retirement plan (SERP II) was designed to provide eligible executives with the economic equivalent of an annual income beginning at normal retirement age equal to 60% of the average of the participant's three, five or seven highest years of base salary from AdventHealth active employment inclusive of income from all other Seventh-day Adventist Church healthcare employer-financed retirement income sources and investment income earned on those contributions through social security normal retirement age as defined in the plan. The number of years included in highest average compensation is determined by the individual's year of entry to SERP II and by the individual's year of entry to the AdventHealth Executive FLEX Benefit Program. FLEX Plan: The Flex Plan was originally designed to provide eligible executives an opportunity to select from among a variety of supplemental benefits, including a split dollar life insurance policy and long-term care insurance, to individually tailor a benefits program appropriate to each executive's needs. In 2020, the Flex Plan was amended to exclude employed executives who are hired or promoted after a certain date from being eligible to participate in the Flex Plan except for certain insurance coverage features of the plan. The Flex Plan provides eligible participants a pre-determined benefits allowance credit that is equal to a percentage of the executive's base pay from which the cost of mandatory and elective employee benefits is deducted. The benefits allowance credit percentage for any plan year shall not be greater than the maximum dollar amount or the percentage of compensation as determined by the AdventHealth Benefits Administration Committee. For grandfathered eligible employees, the annual pre-determined Flex allowance is contributed and any funds that remain after the cost of mandatory and elective benefits are subtracted are, at the employee's option, contributed to either an IRC 457(f) deferred compensation account or to an IRC 457(b) eligible deferred compensation plan. Upon attainment of age 65, all previous 457(f) deferred amounts are paid immediately to the participant and any future employer contributions are made quarterly from the Plan directly to the participant. The Plan provides for a class year vesting schedule (2 years for each class year) with respect to amounts accumulated in the executive's 457(f) deferred compensation account. Distributions could also be made from the executive's 457(f) deferred compensation account upon attainment of age 65 or upon an involuntary separation. The account will be forfeited by the executive upon a voluntary separation. With respect to grandfathered participants, the Flex Plan documents define eligible employees to include the Chief Executive Officers of AdventHealth entities and Vice Presidents of all AdventHealth entities whose base salary was at least equal to the Internal Revenue Code Section 401(a)(17) compensation limit each year.
Schedule J, Part I, Line 4 b continued:
FLEX PLAN FLEX PLAN SERP II SERP III CONTR. DISTR.* CONTR./DISTR. CONTR. Shaw, Terry D. $ 150,000 $ 130,205 $1,369,868 $ 0 Rathbun, Paul C. $ 150,000 $ 197,530 $ 607,786 $ 0 Haffner, Randall $ 150,000 $ 221,968 $ 0 $ 0 Goodman, Todd $ 150,000 $ 157,963 $ 532,684 $ 0 FLEX PLAN FLEX PLAN SERP II SERP III CONTR. DISTR.* CONTR./DISTR. CONTR. Moorhead, MD, David $ 150,000 $ 129,500 $ 251,506 $ 0 Villanueva, Jeffery $ 56,220 $ 46,826 $ 691,096 $ 0 Thompson, Michael $ 100,604 $ 58,939 $ 278,689 $ 0 Adams, Brian $ 130,775 $ 52,422 $ 0 $ 3,731 Finkler, Neil $ 127,597 $ 289,889 $ 0 $ 0 Hilliard, Douglas $ 94,500 $ 64,040 $ 129,257 $ 0 Wandersleben, Jennifer $ 108,827 $ 60,800 $ 0 $ 9,884 Deininger, Robert $ 78,654 $ 25,469 $ 0 $ 18,308 Harcombe, Douglas $ 64,983 $ 63,738 $ 0 $ 0 Cook, Timothy $ 61,215 $ 63,038 $ 0 $ 0 Zbaraschuk, Amy $ 59,518 $ 56,510 $ 0 $ 0 Moorhead, Sheryl $ 84,858 $ 64,358 $ 0 $ 0 Vargas, Karilynn $ 49,368 $ 25,621 $ 0 $ 0 * Including Investment Earnings

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

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Related organizations on this return

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Provenance

Return type
form_990
Tax year
2022
Filed
15 February 2024
IRS schema version
2022v5.0
Source object
202420469349303252

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