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Nonprofiteer
← ELLIOT HEALTH SYSTEMS

Form 990 for tax year 2023

Filed by ELLIOT HEALTH SYSTEMS.

Totals

Total revenue
$0
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$66,530,891
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$66,530,891
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
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.

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,168 · end of year $8,168

  • 15 · Other assets

    beginning of year $62,472,364 · end of year $66,522,723

  • 27 · Net assets without donor restrictions

    beginning of year $62,480,532 · end of year $66,530,891

Mission and programs · 2023

Mission

Elliot Health System strives to inspire wellness, heal our patients, and serve with compassion in every interaction.

Activities or mission (Part I)

To support the integrated health care delivery system within the corporation's service area, including support of Elliot Hospital.

  • Elliot Health System supports the charitable mission of Elliot Hospital by offering strategies and solutions for meeting the region's health care challenges.

As filed on the 2023 return.

Listed in Part VII

  • Marina Feldman MD

    Trustee

    Total calculated
    $845,963
    From this org
    $0
    From related orgs
    $798,114
    Other
    $47,849
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $776,871 related
    Bonus
    $0 + $21,243 related
    Other
    $0
    Deferred
    $0 + $6,600 related
    Nontaxable benefits
    $0 + $41,249 related
    Filer's total
    $0 + $845,963 related

  • William G Baxter

    President & CEO

    Total calculated
    $1,994,170
    From this org
    $0
    From related orgs
    $1,787,964
    Other
    $206,206
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $841,445 related
    Bonus
    $0 + $234,988 related
    Other
    $0 + $711,531 related
    Deferred
    $0 + $168,887 related
    Nontaxable benefits
    $0 + $37,319 related
    Filer's total
    $0 + $1,994,170 related

  • Carl Fier MD

    Trustee

    Total calculated
    $978,827
    From this org
    $0
    From related orgs
    $936,937
    Other
    $41,890
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $934,615 related
    Bonus
    $0
    Other
    $0 + $2,322 related
    Deferred
    $0 + $7,616 related
    Nontaxable benefits
    $0 + $34,274 related
    Filer's total
    $0 + $978,827 related

  • Nancy Hursarik MD

    Trustee (end 2/2024)

    Total calculated
    $276,447
    From this org
    $0
    From related orgs
    $238,266
    Other
    $38,181
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $233,500 related
    Bonus
    $0 + $3,685 related
    Other
    $0 + $1,081 related
    Deferred
    $0 + $4,097 related
    Nontaxable benefits
    $0 + $34,084 related
    Filer's total
    $0 + $276,447 related

  • Marjan Makatam-Abrams MD

    Trustee (end 2/2024)

    Total calculated
    $349,008
    From this org
    $0
    From related orgs
    $315,330
    Other
    $33,678
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $290,889 related
    Bonus
    $0 + $7,500 related
    Other
    $0 + $16,941 related
    Deferred
    $0 + $6,123 related
    Nontaxable benefits
    $0 + $27,555 related
    Filer's total
    $0 + $349,008 related

  • Todd Burdette MD

    Trustee (start 2/2024)

    Total calculated
    $694,211
    From this org
    $0
    From related orgs
    $653,245
    Other
    $40,966
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $629,503 related
    Bonus
    $0
    Other
    $0 + $23,742 related
    Deferred
    $0 + $8,198 related
    Nontaxable benefits
    $0 + $32,768 related
    Filer's total
    $0 + $694,211 related

  • Joyia Fazelat MD

    Trustee (start 2/2024)

    Total calculated
    $372,765
    From this org
    $0
    From related orgs
    $330,495
    Other
    $42,270
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $277,283 related
    Bonus
    $0 + $30,219 related
    Other
    $0 + $22,993 related
    Deferred
    $0 + $5,666 related
    Nontaxable benefits
    $0 + $36,604 related
    Filer's total
    $0 + $372,765 related

  • David Bellman

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • David Cuzzi

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Richard Fisher

    Trustee (start 2/2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Charles Goodwin

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Lara Hanlon MD

    Trustee (start 2/2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • James C Hood Esq

    Trustee (end 1/2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Linda Lassonde

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Andrew MacWilliam

    Trustee (start 2/2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Priscilla Marsicovetere

    Trustee (start 2/2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Heidi Meinz MD

    Trustee (end 2/2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John Mercier

    Trustee (end 2/2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Daniel M Monfried

    Trustee (end 2/2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Selma Naccah-Hoff

    Trustee (start 2/2024)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Charles F Rolecek

    Trustee (end 1/2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Philip Taub

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • James J Tenn Jr Esq

    Chair/Trustee

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Loretta LC Brady PhD

    Vice Chair/Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Robert Fremeau DMD

    Treasurer/Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Stephen Langan

    Treasurer/Trustee (end 2/2024)

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Paul W Hoff PhD

    Secretary/Trustee (end 2/2024)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Karen Van Der Beken

    Secretary/Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael Turilli

    SVP/CFO, SolutionHealth

    Total calculated
    $707,877
    From this org
    $0
    From related orgs
    $597,609
    Other
    $110,268
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $491,010 related
    Bonus
    $0 + $102,300 related
    Other
    $0 + $4,299 related
    Deferred
    $0 + $83,285 related
    Nontaxable benefits
    $0 + $26,983 related
    Filer's total
    $0 + $707,877 related

  • Brad Kreick

    Pres./CEO, SolutionHealth (end 4/24)

    Total calculated
    $1,466,807
    From this org
    $0
    From related orgs
    $1,269,289
    Other
    $197,518
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $961,200 related
    Bonus
    $0 + $303,275 related
    Other
    $0 + $4,814 related
    Deferred
    $0 + $195,181 related
    Nontaxable benefits
    $0 + $2,337 related
    Filer's total
    $0 + $1,466,807 related

  • John E Friberg Esq

    Interim CEO, SolutionHealth

    Total calculated
    $683,981
    From this org
    $0
    From related orgs
    $568,294
    Other
    $115,687
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $464,742 related
    Bonus
    $0 + $83,862 related
    Other
    $0 + $19,690 related
    Deferred
    $0 + $75,717 related
    Nontaxable benefits
    $0 + $39,970 related
    Filer's total
    $0 + $683,981 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 Organization's President and CEO is compensated by a related organization, The Elliot Hospital of the City of Manchester. The Hospital uses the Compensation Committee of its Board of Trustees to retain independent compensation consultants to evaluate the total compensation of the President and CEO and their executive direct reports. The consultants utilize independent market data reflecting comparable benchmarks from like organizations. Recommendations of the consultant, covering total compensation, are reviewed and approved by the Compensation Committee of the Hospital's Board of Trustees. The Compensation Committee retains minutes of its meetings. The Compensation Committee is comprised of Hospital Board members who are independent and have no conflicts of interest. An independent consulting firm is also retained by the organization to review the compensation of the other officers and key employees. The consultants utilize independent market data reflecting comparable benchmarks from like organizations and this information is presented to the President and CEO for review and approval.
Part I, Lines 4a-b
Schedule J, Line 4a, Severance Payments: SolutionHealth, a related organization, is the direct controlling entity of Elliot Health Systems, which is in turn the direct controlling entity of the Elliot Hospital of the City of Manchester. Sherry Hausmann served as the CEO of SolutionHealth through October 2021. As Ms. Hausmann ended her term of service in a previous tax year, she has been deemed a "Former Officer" on this Form 990. Pursuant to the end of her term of service, Ms. Hausmann received gross severance compensation during the 2023 calendar year in the amount of $910,000, which has been reported on this Form 990, Schedule J, Part II, Column B(iii) as "Other Compensation". Of this $910,000 total payment, Ms. Hausmann elected to defer $19,000 to her 457(b) plan. Schedule J, Line 4b, Supplemental Non-Qualified Retirement Plans: The Elliot Health System and SolutionHealth, the parent-organization of the System, maintain 457(f) deferred compensation plans. The following individuals, each of whom qualify as either an officer, director, trustee, key employee, or highest compensated employee on this Form 990, Part VII, received contributions to their 457(f) deferred compensation plans during the 2023 calendar year as follows: - William G. Baxter: $162,287 - Michael Turilli: $80,692 - John E. Friberg, Esq.: $69,117 - Brad Kreick: $195,181 These amounts have been reported within the named individuals' deferred compensation figures as shown on this Schedule J, Part II, Column C. Additionally, Mr. Baxter took taxable distributions from his 457(f) plan during the 2023 calendar year in the amount of $689,747. Such amounts have been included within "Other Compensation" as reported on this Schedule J, Part II, Column B(iii). Furthermore, as such distributions relate to and have been paid from previous tax year 457(f) plan deferrals, $652,089 of the 2023 taxable distributions have also been reported as Prior Compensation, as shown on this Schedule J, Part II, Column F. The System historically maintained a defined benefit pension plan for certain employees, the Elliot Health System Pension Plan (the Plan). Effective July 1, 2006, the Plan was amended to close the Plan to employees hired after June 30, 2006. Eligible employees hired prior to July 1, 2006 are grandfathered under the Plan and will continue to accrue benefits as long as they remain at a participating System entity and in an eligible status. The System's funding policy is to contribute amounts to the Plan sufficient to meet minimum funding requirements set forth in the Employee Retirement Income Security Act of 1974, plus such additional amounts as might be determined to be appropriate from time to time. The Plan is intended to constitute a plan described in Section 414(k) of the Internal Revenue Code, under which benefits derived from employer contributions are based on the separate account balances of participants in addition to the defined benefits under the Plan. In calendar year 2023, no officers or other employees of Elliot Hospital received defined contributions under the now-closed 414(K) plan. Additionally, there were no defined benefit accrual adjustments for any of the Organization's listed individuals for the 2023 calendar year.

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.

  • Elliot Common Trust Fund LLC

    Investments · NH

Related corporations and trusts

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

  • Elliot Health System Holdings & Subsidiaries

    C · Management · NH · 100% owned · controlled entity

    Directly controlled by Elliot Health System

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202501359349302765

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