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Nonprofiteer
← NETWORK RECOVERY SERVICES INC

Form 990 for tax year 2022

Filed by NETWORK RECOVERY SERVICES INC.

Totals

Total revenue
$45,157,648
Total expenses
$45,157,648
Contributions and grants received
$0
Grants paid
$0
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$39,904,766
Management and general expenses
$5,252,882
Fundraising expenses
$0
Program service expenses (Part III)
$39,904,766

Program services were 88.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MICHAEL P BRESLIN

    BOARD OF DIRECTOR/TREASURER

    Total calculated
    $2,293,059
    From this org
    $0
    From related orgs
    $2,214,819
    Other
    $78,240
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,209,820 related
    Bonus
    $0 + $809,119 related
    Other
    $0 + $195,881 related
    Deferred
    $0 + $23,000 related
    Nontaxable benefits
    $0 + $55,240 related
    Filer's total
    $0 + $2,293,059 related

  • RICHARD EINWECHTER

    BOARD OF DIRECTOR/VP

    Total calculated
    $826,739
    From this org
    $0
    From related orgs
    $739,004
    Other
    $87,735
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $484,131 related
    Bonus
    $0 + $204,098 related
    Other
    $0 + $50,774 related
    Deferred
    $0 + $46,113 related
    Nontaxable benefits
    $0 + $41,622 related
    Filer's total
    $0 + $826,739 related

  • WILLIAM J FARRELL

    BOARD OF DIRECTOR/PRESIDENT

    Total calculated
    $1,240,676
    From this org
    $0
    From related orgs
    $1,140,433
    Other
    $100,243
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $675,398 related
    Bonus
    $0 + $370,528 related
    Other
    $0 + $94,508 related
    Deferred
    $0 + $47,644 related
    Nontaxable benefits
    $0 + $52,599 related
    Filer's total
    $0 + $1,240,676 related

  • ANITA NATH

    BOARD OF DIRECTOR

    Total calculated
    $352,342
    From this org
    $0
    From related orgs
    $288,975
    Other
    $63,367
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $247,980 related
    Bonus
    $0 + $40,000 related
    Other
    $0 + $994 related
    Deferred
    $0 + $24,435 related
    Nontaxable benefits
    $0 + $38,932 related
    Filer's total
    $0 + $352,341 related

  • KEVIN J WARD

    BOARD OF DIRECTOR (THRU 6/2022)

    Total calculated
    $814,085
    From this org
    $0
    From related orgs
    $761,404
    Other
    $52,681
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $628,489 related
    Bonus
    $0 + $107,571 related
    Other
    $0 + $25,344 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $40,481 related
    Filer's total
    $0 + $814,085 related

  • MICHAEL FAGAN

    BOARD OF DIRECTOR (THRU 6/2022)

    Total calculated
    $818,121
    From this org
    $0
    From related orgs
    $729,110
    Other
    $89,011
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $256,746 related
    Bonus
    $0 + $82,429 related
    Other
    $0 + $389,936 related
    Deferred
    $0 + $49,916 related
    Nontaxable benefits
    $0 + $39,095 related
    Filer's total
    $0 + $818,122 related

  • MICHELE RYGA

    BOARD OF DIRECTOR

    Total calculated
    $278,266
    From this org
    $0
    From related orgs
    $254,388
    Other
    $23,878
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $251,643 related
    Bonus
    $0
    Other
    $0 + $2,745 related
    Deferred
    $0 + $23,000 related
    Nontaxable benefits
    $0 + $878 related
    Filer's total
    $0 + $278,266 related

  • SHARON MANDEL

    BOARD OF DIRECTOR

    Total calculated
    $452,495
    From this org
    $0
    From related orgs
    $361,041
    Other
    $91,454
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $317,996 related
    Bonus
    $0 + $38,500 related
    Other
    $0 + $4,545 related
    Deferred
    $0 + $44,885 related
    Nontaxable benefits
    $0 + $46,569 related
    Filer's total
    $0 + $452,495 related

  • JOHN V CAMPANO

    SECRETARY

    Total calculated
    $643,427
    From this org
    $0
    From related orgs
    $558,080
    Other
    $85,347
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $383,369 related
    Bonus
    $0 + $130,821 related
    Other
    $0 + $43,890 related
    Deferred
    $0 + $43,199 related
    Nontaxable benefits
    $0 + $42,148 related
    Filer's total
    $0 + $643,427 related

  • MELISSA E WELCH

    ASS'T SECRETARY

    Total calculated
    $216,466
    From this org
    $0
    From related orgs
    $181,801
    Other
    $34,665
    Hours/week
    0.5 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $176,332 related
    Bonus
    $0 + $5,313 related
    Other
    $0 + $156 related
    Deferred
    $0 + $18,695 related
    Nontaxable benefits
    $0 + $15,970 related
    Filer's total
    $0 + $216,466 related

  • ANTONIA MISILLI

    DIRECTOR OF OPERATIONS

    Total calculated
    $315,499
    From this org
    $258,337
    From related orgs
    $0
    Other
    $57,162
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $257,748
    Bonus
    $0
    Other
    $589
    Deferred
    $18,220
    Nontaxable benefits
    $38,942
    Filer's total
    $315,499

  • RICHARD F KUNKEL

    DIRECTOR OF OPERATIONS

    Total calculated
    $386,567
    From this org
    $305,355
    From related orgs
    $0
    Other
    $81,212
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $279,844
    Bonus
    $25,000
    Other
    $511
    Deferred
    $37,902
    Nontaxable benefits
    $43,310
    Filer's total
    $386,567

  • ANTONIO COSTA

    MANAGER PATIENT ACCOUNTS

    Total calculated
    $159,889
    From this org
    $119,331
    From related orgs
    $0
    Other
    $40,558
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $108,061
    Bonus
    $0
    Other
    $11,270
    Deferred
    $13,343
    Nontaxable benefits
    $27,215
    Filer's total
    $159,888

  • ANTONIO DIAZ

    MANAGER PATIENT ACCOUNTS

    Total calculated
    $158,685
    From this org
    $125,918
    From related orgs
    $0
    Other
    $32,767
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $125,521
    Bonus
    $0
    Other
    $396
    Deferred
    $19,687
    Nontaxable benefits
    $13,080
    Filer's total
    $158,685

  • JOSEPH AIELLO

    MANAGER PATIENT ACCOUNTS

    Total calculated
    $166,816
    From this org
    $119,165
    From related orgs
    $0
    Other
    $47,651
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $118,700
    Bonus
    $0
    Other
    $465
    Deferred
    $21,179
    Nontaxable benefits
    $26,472
    Filer's total
    $166,816

  • VINCENT FERRARO

    DIRECTOR OF OPERATIONS

    Total calculated
    $236,792
    From this org
    $179,722
    From related orgs
    $0
    Other
    $57,070
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $179,061
    Bonus
    $0
    Other
    $661
    Deferred
    $29,580
    Nontaxable benefits
    $27,490
    Filer's total
    $236,792

  • WALNER ST HILAIRE

    MANAGER IS

    Total calculated
    $196,887
    From this org
    $139,727
    From related orgs
    $0
    Other
    $57,160
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $139,485
    Bonus
    $0
    Other
    $242
    Deferred
    $18,047
    Nontaxable benefits
    $39,113
    Filer's total
    $196,888

  • GARY J ZUAR

    FORMER OFFICER

    Total calculated
    $912,714
    From this org
    $0
    From related orgs
    $912,262
    Other
    $452
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $26,835 related
    Bonus
    $0 + $380,303 related
    Other
    $0 + $505,124 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $452 related
    Filer's total
    $0 + $912,715 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
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
COMPENSATION DECISIONS FOR THE PRESIDENT WAS DETERMINED BY A RELATED ORGANIZATION FOLLOWING THAT ORGANIZATION'S COMPENSATION POLICY.
Schedule J, Part I, Line 4a Severance or change-of-control payment
RECEIVE A SEVERANCE PAYMENT MICHAEL FAGAN : 193,346
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
CERTAIN INDIVIDUALS IDENTIFIED HEREIN AS OFFICERS, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES OF THE CORPORATION ARE EMPLOYED AND COMPENSATED BY A RELATED ORGANIZATION, THE NEW YORK AND PRESBYTERIAN HOSPITAL (THE "HOSPITAL"). THESE INDIVIDUALS PERFORM SERVICES FOR THE CORPORATION, AND IN SOME CASES OTHER RELATED ORGANIZATIONS, BY ARRANGEMENT BETWEEN THE HOSPITAL AND SUCH ORGANIZATION(S). THE OFFICERS AND KEY EMPLOYEES IDENTIFIED IN PART VII ARE RESPONSIBLE FOR EXECUTING THE MISSION AND MANAGEMENT OF THE NEW YORK AND PRESBYTERIAN HOSPITAL (NYP) AND ITS AFFILIATED ENTITIES. COMPENSATION FOR 2022 OF THESE UPPER LEVEL EXECUTIVES INCLUDES THE PAYOUT OF AN ANNUAL INCENTIVE PLAN AND A LONG-TERM INCENTIVE PLAN. THIS PERFORMANCE ORIENTED PROGRAM CONDITIONS PAYMENTS UPON THE ACHIEVEMENT OF MULTIPLE INDIVIDUAL AND GROUP PERFORMANCE MEASURES. MEASURES TO MONITOR PERFORMANCE INCLUDE: OPERATIONAL AND FINANCIAL STRENGTH, PATIENT QUALITY AND SAFETY, PATIENT SATISFACTION, ADVANCEMENT OF PATIENT CARE, AND PEOPLE DEVELOPMENT AND PARTNERSHIP. INCENTIVE AWARDS MAY ONLY BE GRANTED IF THE ORGANIZATION ACHIEVES A FINANCIAL SURPLUS. EVEN IF ALL RELEVANT PERFORMANCE MEASUREMENTS ARE ACHIEVED, THE NYP BOARD OF TRUSTEES RETAINS FULL DISCRETION TO MAKE OR NOT MAKE ANY INCENTIVE AWARDS, OR TO REDUCE THE AMOUNT OF ANY INCENTIVE AWARD. THIS INITIATIVE IS CRITICAL TO ASSURING THAT NYP HAS THE REQUISITE LEADERSHIP TO CREATE AND MANAGE A HIGHLY MOTIVATED AND ENGAGED WORKFORCE, TO DRIVE SUPERIOR PERFORMANCE THROUGHOUT THE ORGANIZATION AND TO ACHIEVE TOP TIER MEDICAL CENTER STATUS. AS A SEPARATE MATTER, DUE TO RESTRICTIONS IMPOSED BY THE INTERNAL REVENUE CODE, UPPER LEVEL EXECUTIVES ARE LIMITED IN THE AMOUNT OF BENEFITS RECEIVED UNDER A TAX-QUALIFIED RETIREMENT PLAN. LIKE MANY EMPLOYERS, NYP SUPPLEMENTS THESE EXECUTIVES' PENSION BENEFITS THROUGH A SUPPLEMENTAL ("NONQUALIFIED") RETIREMENT PLAN. THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) IS SUBJECT TO A MULTI-YEAR VESTING REQUIREMENT (COMMENCING) AFTER FIVE YEARS OF PARTICIPATION IN THE SERP, IN PRORATED AMOUNTS THROUGH AGE 65) WHICH PLACES AN EXECUTIVE'S SUPPLEMENTAL RETIREMENT BENEFIT AT RISK OF FORFEITURE IF THE VESTING REQUIREMENTS ARE NOT SATISFIED. ONCE VESTED, HOWEVER, PROVISIONS OF THE INTERNAL REVENUE CODE REQUIRE THAT THE VESTED EXECUTIVE INCLUDE IN CURRENT INCOME THE VALUE OF HIS OR HER VESTED SUPPLEMENTAL RETIREMENT BENEFIT. NOTWITHSTANDING THE LEGAL REQUIREMENT TO RECOGNIZE THE VESTED VALUE OF THE SUPPLEMENTAL RETIREMENT BENEFIT AS CURRENT INCOME, THE SUPPLEMENTAL RETIREMENT BENEFIT WILL NOT BE DISTRIBUTED TO THE EXECUTIVE UNTIL THE EXECUTIVE ACTUALLY RETIRES FROM NYP (ALTHOUGH, AS PERMITTED BY THE INTERNAL REVENUE CODE, THE SUPPLEMENTAL RETIREMENT PLAN WILL EFFECT A DISTRIBUTION OF AN AMOUNT NECESSARY TO SATISFY THE EXECUTIVE'S TAX LIABILITY RESULTING FROM THE INCOME RECOGNITION UPON VESTING). AS NOTED, THIS SUPPLEMENTAL RETIREMENT BENEFIT WILL NOT BE DISTRIBUTED TO THE EXECUTIVE UNTIL THE EXECUTIVE ACTUALLY RETIRES FROM NYP. THERE ARE CONSTANTLY CHANGING LEGAL, TAX, ACCOUNTING, AND PUBLIC DISCLOSURE RULES FOR A SERP (SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN) IN NOT-FOR-PROFIT ORGANIZATIONS. THE EXECUTIVE COMPENSATION COMMITTEE CONTINUOUSLY MONITORS THESE CHANGES AND INCORPORATES ANY CHANGES INTO THE OVERALL SERP PLAN DESIGN. AS IN PAST YEARS, THE EXECUTIVE COMPENSATION COMMITTEE OF NYP REQUIRES A THIRD PARTY TO COMPLETE A REVIEW OF THE ORGANIZATION'S COMPENSATION PROGRAM TO ENSURE ITS EFFECTIVENESS IN TERMS OF GOVERNMENT REGULATIONS, MARKET CONDITIONS AND THE NEED TO CONTINUALLY ELEVATE ORGANIZATIONAL PERFORMANCE. THE REPORT ALSO SERVES TO MEET THE REGULATORY OBLIGATIONS TO ENSURE THAT ALL ELEMENTS OF THE EXECUTIVE COMPENSATION PROGRAMS ARE REASONABLE. EACH OF THE OFFICERS AND KEY EMPLOYEES LISTED DEVOTES AN AVERAGE OF SIXTY HOURS PER WEEK TO PERFORM HIS OR HER RESPONSIBILITIES FOR THE REPORTING ENTITY AND OTHER RELATED ORGANIZATIONS IN THE AGGREGATE.PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN AS REPORTED ON THE W-2: GARY J. ZUAR : 477,510 NEWYORK-PRESBYTERIAN/BROOKLYN METHODIST SUPPLEMENTS THEIR EXECUTIVE'S PENSION BENEFITS THROUGH A SUPPLEMENTAL ("NONQUALIFIED") RETIREMENT PLAN. THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) IS SUBJECT TO A MULTI-YEAR VESTING REQUIREMENT (COMMENCING AFTER THREE YEARS OF PARTICIPATION IN THE SERP, IN PRORATED AMOUNTS THROUGH AGE 65) WHICH PLACES AN EXECUTIVE'S SUPPLEMENTAL RETIREMENT BENEFIT AT RISK OF FORFEITURE IF THE VESTING REQUIREMENTS ARE NOT SATISFIED. IF THE PARTICIPANT PERFORMS CONTINUOUS, UNINTERRUPTED SUBSTANTIAL SERVICE FOR THE HOSPITAL THROUGH EACH APPLICABLE VESTING DATE, THE BALANCE THEN CREDITED TO THE PARTICIPANTS ACCOUNT AND IN WHICH THE PARTICIPANT SHALL BECOME VESTED ON SUCH VESTING DATE SHALL BE PAID TO THE PARTICIPANT IN A SINGLE SUM WITHIN SIXTY (60) DAYS FOLLOWING THE VESTING DATE. PARTICIPATED IN A SUPPLEMENTAL RETIREMENT PLAN: MICHAEL FAGAN: 22,850 SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN AS REPORTED ON THE W-2: MICHAEL FAGAN: 74,167
Schedule J, Part I, Line 7 Non-fixed payments
SEE SCHEDULE O PART VI, SECTION B, LINE 15A & B - COMPENSATION PROCESS FOR AN EXPLANATION OF ANNUAL INCENTIVE PLAN PAYMENTS.

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 corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202303139349300720

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