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← SSMHCS LIABILITY TRUST MERCANTILE BANK TTEE

Form 990 for tax year 2024

Filed by SSMHCS LIABILITY TRUST MERCANTILE BANK TTEE.

Totals

Total revenue
$51,410,370
Total expenses
$38,589,886
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$40,695,705
Investment income
$10,714,665
Other revenue
$0
Total assets, end of year
$205,077,041
Total liabilities, end of year
$132,488,719
Net assets or fund balances, end of year
$72,588,322
Program services expenses (Part IX)
$16,980,784
Management and general expenses
$21,609,102
Fundraising expenses
$0
Program service expenses (Part III)
$16,980,784

Program services were 44.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 2a · Program service revenue: ADDITIONS BY INSURED

    total $40,695,705 · related or exempt $40,695,705

  • 3 · Investment income

    total $4,229,814 · excluded $4,229,814

  • 7a · Gross sales of assets other than inventory

    securities $6,484,851

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

    securities $0

  • 7c · Gain or loss

    securities $6,484,851

  • 7d · Net gain or loss

    total $6,484,851 · excluded $6,484,851

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $585,136 · management and general $585,136

  • 13 · Office expenses

    total $45 · management and general $45

  • 23 · Insurance

    total $20,753,457 · program services $600,509 · management and general $20,152,948

  • 24a · Other expenses: INSURANCE CLAIMS

    total $16,305,887 · program services $16,305,887

  • 24b · Other expenses: TAXES

    total $945,361 · program services $74,388 · management and general $870,973

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,401,811 · end of year $2,401,811

  • 9 · Prepaid expenses and deferred charges

    beginning of year $211,447 · end of year $208,615

  • 15 · Other assets

    beginning of year $186,261,951 · end of year $202,466,615

  • 17 · Accounts payable and accrued expenses

    beginning of year $114,483,055 · end of year $111,569,632

  • 24 · Unsecured notes and loans payable

    beginning of year $2,542,031 · end of year $5,897,087

  • 25 · Other liabilities

    beginning of year $14,771,000 · end of year $15,022,000

  • 27 · Net assets without donor restrictions

    beginning of year $57,079,123 · end of year $72,588,322

Mission and programs · 2024

Mission

THROUGH OUR EXCEPTIONAL HEALTH CARE SERVICES, WE REVEAL THE HEALING PRESENCE OF GOD.

Activities or mission (Part I)

TO PROVIDE SUPPORT AND ASSISTANCE TO SSM HEALTH, AN INTEGRATED HEALTH CARE SYSTEM OPERATING IN FOUR STATES, TO ENABLE THEIR MISSION OF PROVIDING EXCEPTIONAL HEALTH CARE SERVICES.

  • TO PROVIDE SUPPORT AND ASSISTANCE TO SSM HEALTH (SSMH) TO ENABLE THEIR MISSION AND PURPOSE. SSMH IS A CATHOLIC, NOT-FOR-PROFIT HEALTH SYSTEM SERVING THE COMPREHENSIVE HEALTH NEEDS OF COMMUNITIES ACROSS THE MIDWEST THROUGH ONE OF THE LARGEST INTEGRATED DELIVERY SYSTEMS IN THE NATION WITH CARE DELIVERY SITES IN ILLINOIS, MISSOURI, OKLAHOMA, AND WISCONSIN.

    Expenses $16,980,784 · Revenue $40,695,705

As filed on the 2024 return.

Listed in Part VII

  • KEVIN SMITH

    TRUSTEE, CFO OF SSM HEALTH

    Total calculated
    $1,677,558
    From this org
    $0
    From related orgs
    $1,050,477
    Other
    $627,081
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,034,519 related
    Bonus
    $0
    Other
    $0 + $15,958 related
    Deferred
    $0 + $586,407 related
    Nontaxable benefits
    $0 + $40,674 related
    Filer's total
    $0 + $1,677,558 related

  • THE NORTHERN TRUST COMPANY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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

  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
AN INDIVIDUAL LISTED ON PART VII OF THE FORM 990 RECEIVED TAX INDEMNIFICATION/GROSS-UP PAYMENTS IN 2024. THE PAYMENTS WERE INCLUDED IN TAXABLE COMPENSATION.
PART I, LINE 4B
PENSION RESTORATION PLAN: SSM HEALTH (SSMH) PROVIDES THIS SUPPLEMENTAL DEFINED BENEFIT NONQUALIFIED RETIREMENT PLAN TO ANY EMPLOYEE WHO IS A PARTICIPANT IN THE SSMH QUALIFIED DEFINED BENEFIT PLAN WHO EARNS OVER THE INTERNAL REVENUE SERVICE COMPENSATION LIMIT. THE PLAN "RESTORES" THE BENEFITS TO THESE EMPLOYEES THAT WOULD HAVE BEEN PROVIDED UNDER THE SSMH QUALIFIED PLAN IF THE REGULATIONS DID NOT IMPOSE COMPENSATION LIMITS. AN INDIVIDUAL CAN TAKE A DISTRIBUTION FROM THE PLAN AT (1) AGE 65 OR OLDER IF THE INDIVIDUAL IS STILL EMPLOYED BY SSMH OR (2) AGE 55 OR OLDER IF THE INDIVIDUAL IS NO LONGER EMPLOYED BY SSMH. NO INDIVIDUALS LISTED ON PART VII OF FORM 990 RECEIVED DISTRIBUTIONS FROM THE PLAN IN 2024. CAPITAL ACCUMULATION PLAN: SSMH PROVIDES THIS SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN TO EXECUTIVE LEVEL EMPLOYEES. THE ORGANIZATION CONTRIBUTED A PERCENTAGE OF THE EMPLOYEE'S BASE SALARY INTO THEIR CHOICE OF A SELECT LIST OF INVESTMENTS. THE DEPOSITS AND EARNINGS OF THE PLAN ARE OWNED BY SSMH AND ARE TAX-DEFERRED UNTIL A DISTRIBUTION IS MADE TO THE EMPLOYEE. IN ADDITION, THE PLAN HAS SPECIAL SAFEGUARDS IN PLACE TO PROTECT THE FUNDS FROM CONTINGENCIES, OTHER THAN INSOLVENCY. FOR CONTRIBUTIONS MADE TO THE PLAN IN 2014 OR AFTER, THE DISTRIBUTION WILL OCCUR AFTER THE COMPLETION OF FOUR PLAN YEARS FOR ALL EXECUTIVES THAT ARE STILL ACTIVELY EMPLOYED ON THE DISTRIBUTION DATE. ANY ACTIVE PARTICIPANT 65 YEARS OR OLDER WILL RECEIVE THE CONTRIBUTION IN THE CURRENT YEAR. THE FOLLOWING INDIVIDUALS LISTED ON PART VII OF THE FORM 990 RECEIVED DISTRIBUTIONS FROM THIS PLAN IN 2024. ALL DISTRIBUTIONS RECEIVED FROM THE PLAN IN THE CURRENT YEAR WERE INCLUDED IN THE INDIVIDUAL'S TAXABLE COMPENSATION. NONE

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349324111

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