Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 3 · Investment income

  total $1,104,978 · excluded $1,104,978

• 7a · Gross sales of assets other than inventory

  securities $154,996,494

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

  securities $124,125,152

• 7c · Gain or loss

  securities $30,871,342

• 7d · Net gain or loss

  total $30,871,342 · related or exempt $30,871,342

• 11a · Other revenue: ROYALTY INCOME

  total $33,787 · excluded $33,787

• 11e · Other revenue, total

  $33,787

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $17,127,030 · program services $17,127,030

• 24a · Other expenses: INVESTMENT FEES

  total $539,171 · program services $539,171

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $1,646,149 · end of year $1,671,581

• 11 · Investments: publicly traded securities

  beginning of year $348,090,138 · end of year $264,054,480

• 12 · Investments: other securities

  beginning of year $61,443,978 · end of year $80,949,763

• 15 · Other assets

  beginning of year $1,576

• 18 · Grants payable

  beginning of year $17,100,000 · end of year $17,100,000

• 27 · Net assets without donor restrictions

  beginning of year $394,081,841 · end of year $329,575,824

The filer's explanations (Part III)

PART I, LINE 1A

IT IS THE ORGANIZATION'S POLICY TO PAY OR REIMBURSE EMPLOYEES FOR BONAFIDE BUSINESS TRAVEL BASED ON THE MOST COST EFFECTIVE MEANS AVAILABLE. GENERALLY, WHEN AIR TRAVEL IS INVOLVED THIS EQUATES TO COACH CLASS AIR FARE. UNDER CERTAIN CIRCUMSTANCES, SUCH AS WHEN COACH CLASS IS NOT AVAILABLE OR THE TRIP IS OF AN EXTENSIVE DURATION, SENIOR LEADERSHIP HAS APPROVED BUSINESS CLASS, FIRST CLASS OR CHARTER TRAVEL. IN SUCH CIRCUMSTANCES, THE TRAVEL IS CONSIDERED TO BE FOR A BONAFIDE BUSINESS PURPOSE; ACCORDINGLY, NO TAXABLE INCOME IS REPORTED. CERTAIN MEMBERS OF THE ORGANIZATION'S SENIOR LEADERSHIP RECEIVE MEMBERSHIP TO SOCIAL CLUBS INTENDED TO FURTHER THE BUSINESS NEEDS OF THE ORGANIZATION. USAGE IS REIMBURSED ON A CASE-BY-CASE BASIS BASED UPON DOCUMENTATION OF BUSINESS PURPOSE. IN CONNECTION WITH THE RECRUITMENT AND EMPLOYMENT OF LEADERS AND PHYSICIANS, THE ORGANIZATION AGREES AT TIMES TO PROVIDE TEMPORARY HOUSING AND RELOCATION SERVICES. INTERNAL REVENUE SERVICE GUIDELINES ARE ADHERED TO REGARDING THE REPORTING AND TAXATION OF ALL SUCH ITEMS. THE VALUE OF SUCH SERVICES IS ALSO INCLUDED IN THE EVALUATION OF REASONABLE COMPENSATION. CERTAIN MEMBERS OF THE ORGANIZATION'S SENIOR LEADERSHIP TEAM PARTICIPATE IN A SUPPLEMENTAL RETIREMENT PROGRAM THAT RESULTS IN REPORTABLE TAXABLE INCOME AS THE BENEFITS ACCRUE, RATHER THAN AS THEY ARE PAID. THE ORGANIZATION ALSO OFFERS CERTAIN MEMBERS OF LEADERSHIP THE OPTION OF PARTICIPATING IN AN IRC SEC 457 BENEFIT PROGRAM WHICH ALSO RESULTS IN REPORTABLE TAXABLE INCOME AS BENEFITS ACCRUE, RATHER THAN AS THEY ARE PAID. IT IS AN ELEMENT OF THE PLAN DESIGN TO ABSORB THE ADVANCE TAX IMPACT OF THESE PLANS FOR THE PARTICIPANTS. IN SUCH CASES THE RELATED AMOUNTS ARE REPORTED AS TAXABLE INCOME TO THE INDIVIDUAL AND INCLUDED IN THE DETERMINATION OF REASONABLE COMPENSATION. SEE Q. 4B FOR THE REQUIRED LISTING OF THE PARTICIPATING INDIVIDUALS.

PART I, LINE 4B

SCH J, LINE 4B, PERSON PARTICIPATING IN HFHS NONQUALIFIED RETIREMENT PLANS SEC 457(F) - SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) VALUE OF TAXABLE NON TAXABLE REPORTABLE 2022 ACCRUAL NON VESTED DISTRIBUTIONS DISTRIBUTIONS W-2 AMOUNTS PARTICIPANT WRIGHT L. LASSITER III 523,447 - 107,645 1,947,928 631,092 MICHELLE JOHNSON TIDJANI 211,041 - - - 211,041 STEVEN KALKANIS, M.D. - 236,866 - - - ROBIN DAMSCHRODER 827,133 - - - 827,133 ROBERT RINEY 463,649 - - - 463,649 MARY JANE VOGT - 54,884 - - - CONTRIBUTIONS TO SEC 457(B)-NON-QUALIFIED DEFERRED COMPENSATION RETIREMENT PLAN EMPLOYEE EMPLOYER MEDICARE REPORTABLE 2022 CONTRIBUTIONS 2022 CONTRIBUTIONS TAX GROSS-UP W-2 AMOUNTS HENRY W. LIM, M.D. - 16,500 397 16,897 WRIGHT LASSITER III 12,616 - - 12,616 TAMER A. GHANEM, M.D. 16,900 2,139 51 19,090 ROBIN DAMSCHRODER 20,500 - - 20,500 CELESTE THOMAS WILLIAMS 8,592 4,405 106 13,103 STEVEN KALKANIS, M.D. 20,500 - - 20,500 MICHELLE JOHNSON TIDJANI 20,500 - - 20,500 WILLIAM O'NEIL, M.D. - 20,500 493 20,993 MANU MALHOTRA, M.D. - 5,704 137 5,841 ROBERT RINEY 20,500 - - 20,500

Related partnerships

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

• NORTHWEST DETROIT DIALYSIS

  N/A · OPERATE DIALYSIS CLINIC · MI

  Directly controlled by HENRY FORD HEALTH SYSTEM

• MACOMB REGIONAL DIALYSIS CENTERS

  N/A · OPERATE DIALYSIS CLINIC · MI

  Directly controlled by HENRY FORD HEALTH SYSTEM

• FOOTE HEALTH CENTER ASSOCIATES

  N/A · LESSOR OF MEDICAL CONDOMINIUM · MI

  Directly controlled by HENRY FORD ALLEGIANCE HEALTH GROUP

• HFHS-SCA HOLDINGS LLC

  N/A · OUTPATIENT SURGERY CLINICS · MI

  Directly controlled by HENRY FORD HEALTH SYSTEM

Related corporations and trusts

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

• SHA REALTY INC

  C · REAL ESTATE HOLDING · MI · controlled entity

  Directly controlled by HENRY FORD HEALTH SYSTEM

• FAIRLANE HEALTH SERVICES

  C · HEALTHCARE MANAGEMENT · MI · controlled entity

  Directly controlled by HENRY FORD HEALTH SYSTEM

• ALLIANCE HEALTH AND LIFE INSURANCE

  C · HEALTH INSURANCE PROVIDER · MI · controlled entity

  Directly controlled by HEALTH ALLIANCE PLAN

• HAP PREFERRED INC

  C · PROVIDER NETWORK LEASING · MI · controlled entity

  Directly controlled by HEALTH ALLIANCE PLAN

• ONIKA INSURANCE LTD

  C · CAPTIVE INSURANCE · CJ · controlled entity

  Directly controlled by HENRY FORD HEALTH SYSTEM

• HENRY FORD PHYSICIAN NETWORK

  C · PHYSICIAN NETWORK · MI · controlled entity

  Directly controlled by HENRY FORD HEALTH SYSTEM

• ADMINISTRATION SYSTEMS RESEARCH CORPORATION

  C · THIRD PARTY INSURANCE ADMINISTRATOR · MI · controlled entity

  Directly controlled by HEALTH ALLIANCE PLAN

• HAP CARESOURCE

  C · HEALTH INSURANCE PROVIDER · MI · controlled entity

  Directly controlled by HEALTH ALLIANCE PLAN

• HENRY FORD ALLEGIANCE PHARMACY

  C · PHARMACY · MI · controlled entity

  Directly controlled by HENRY FORD ALLEGIANCE HEALTH GROUP

• HENRY FORD ELIJAH MCCOY CONDOMINIUM ASSOCIATION

  S · CONDOMINIUM ASSOCIATION · MI · controlled entity

  Directly controlled by HENRY FORD HEALTH SYSTEM