Skip to content
Nonprofiteer
← MUNSON HEALTHCARE CADILLAC

Form 990 for tax year 2024

Filed by MUNSON HEALTHCARE CADILLAC.

Totals

Total revenue
$255,966,327
Total expenses
$223,250,409
Contributions and grants received
$2,945,147
Grants paid
$0
Program service revenue
$252,339,019
Investment income
$18,838
Other revenue
$663,323
Total assets, end of year
$90,681,323
Total liabilities, end of year
$28,823,731
Net assets or fund balances, end of year
$61,857,592
Program services expenses (Part IX)
$190,635,398
Management and general expenses
$32,397,678
Fundraising expenses
$217,333
Program service expenses (Part III)
$190,635,398

Program services were 85.4% 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.

  • 1d · Related organizations

    $2,400,084

  • 1e · Government grants (contributions)

    $545,063

  • 2a · Program service revenue: MEDICARE AND MEDICAID PMTS

    total $132,609,130 · related or exempt $132,609,130

  • 2b · Program service revenue: PATIENT SERVICE REVENUE

    total $114,520,030 · related or exempt $114,520,030

  • 2c · Program service revenue: 340B PRESCRIPTION REVENUE

    total $4,705,277 · related or exempt $4,705,277

  • 2d · Program service revenue: QUALITY INCENTIVE PAYMENTS

    total $394,350 · related or exempt $394,350

  • 2e · Program service revenue: MISC HEALTHCARE REVENUE

    total $62,232 · related or exempt $62,232

  • 2f · All other program service revenue

    total $48,000 · unrelated business $48,000

  • 3 · Investment income

    total $37,957 · related or exempt $6,715 · excluded $31,242

  • 6a · Gross rents

    real property $77,132

  • 6c · Rental income or loss

    real property $77,132

  • 6d · Net rental income or loss

    total $77,132 · excluded $77,132

  • 7a · Gross sales of assets other than inventory

    other assets $4,035

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

    other assets $23,154

  • 7c · Gain or loss

    other assets -$19,119

  • 7d · Net gain or loss

    total -$19,119 · excluded -$19,119

  • 11a · Other revenue: CAFETERIA SALES

    total $459,921 · excluded $459,921

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $126,270 · excluded $126,270

  • 11e · Other revenue, total

    $586,191

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $281,032 · program services $281,032

  • 7 · Other salaries and wages

    total $53,163,700 · program services $52,614,913 · management and general $548,787

  • 8 · Pension plan contributions

    total $2,297,002 · program services $2,273,155 · management and general $23,847

  • 9 · Other employee benefits

    total $5,857,928 · program services $5,797,699 · management and general $60,229

  • 10 · Payroll taxes

    total $3,494,160 · program services $3,458,262 · management and general $35,898

  • 11c · Fees: accounting

    total $35,082 · management and general $35,082

  • 11d · Fees: lobbying

    total $7,887 · management and general $7,887

  • 11g · Fees: other

    total $21,014,620 · program services $20,681,097 · management and general $299,903 · fundraising $33,620

  • 12 · Advertising and promotion

    total $955 · program services $955

  • 13 · Office expenses

    total $682,901 · program services $541,495 · management and general $141,406

  • 14 · Information technology

    total $1,550,728 · program services $1,549,628 · management and general $1,100

  • 16 · Occupancy

    total $2,878,119 · program services $2,878,119

  • 17 · Travel

    total $127,324 · program services $105,362 · management and general $21,962

  • 19 · Conferences, conventions and meetings

    total $152,343 · program services $150,999 · management and general $1,344

  • 20 · Interest

    total $523,680 · program services $447,169 · management and general $76,511

  • 22 · Depreciation, depletion and amortization

    total $3,507,047 · program services $2,997,006 · management and general $510,041

  • 23 · Insurance

    total $569,107 · program services $454,484 · management and general $114,623

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $84,700,112 · program services $84,700,112

  • 24b · Other expenses: SHARED SERVICES

    total $27,610,645 · program services -$3,048,784 · management and general $30,475,716 · fundraising $183,713

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $8,218,131 · program services $8,218,131

  • 24d · Other expenses: QAAP TAXES

    total $5,563,914 · program services $5,563,914

  • 24e · All other expenses

    total $1,013,992 · program services $970,650 · management and general $43,342

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,949 · end of year $4,346

  • 2 · Savings and temporary cash investments

    beginning of year $8,273,917 · end of year $56,306

  • 4 · Accounts receivable

    beginning of year $19,376,381 · end of year $38,853,231

  • 8 · Inventories for sale or use

    beginning of year $2,977,915 · end of year $7,330,901

  • 9 · Prepaid expenses and deferred charges

    beginning of year $536,114 · end of year $267,891

  • 10a · Land, buildings and equipment: cost or other basis

    $62,987,351

  • 10b · Land, buildings and equipment: accumulated depreciation

    $26,086,924

  • 10c · Land, buildings and equipment, net

    beginning of year $31,121,119 · end of year $36,900,427

  • 15 · Other assets

    beginning of year $3,373,889 · end of year $7,268,221

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,722,124 · end of year $17,671,548

  • 25 · Other liabilities

    beginning of year $8,799,818 · end of year $11,152,183

  • 27 · Net assets without donor restrictions

    beginning of year $46,142,342 · end of year $61,857,592

Mission and programs · 2024

Mission

MUNSON HEALTHCARE CADILLAC AND ITS PARTNERS WORK TOGETHER TO PROVIDE SUPERIOR QUALITY CARE AND PROMOTE COMMUNITY HEALTH.

  • EXPENSES INCURRED WHILE PROVIDING HOSPITAL SERVICES TO THE RESIDENTS OF CADILLAC, MICHIGAN AND THE SURROUNDING AREA WHILE FULFILLING THE HOSPITAL'S MISSION TO PROVIDE HEALTHCARE IN THE COMMUNITY. MUNSON HEALTHCARE CADILLAC HAD 2,654 INPATIENT ADMISSIONS IN FISCAL YEAR 2025 AND OVER 176,700 OUTPATIENT VISITS. THE HOSPITAL SERVED MORE THAN 5,100 SURGICAL CASES, 409 OBSTETRICAL BIRTHS, AND OVER 24,000 EMERGENCY ROOM VISITS. MUNSON HEALTHCARE CADILLAC ACCEPTS ALL PATIENTS, REGARDLESS OF ABILITY TO PAY. THE HOSPITAL HAS APPROXIMATELY 153 ACTIVE MEDICAL STAFF AND 27 VOLUNTEERS.

    Expenses $190,635,398 · Revenue $252,297,734

As filed on the 2024 return.

Listed in Part VII

  • EDWIN A NESS

    DIRECTOR

    Total calculated
    $2,922,871
    From this org
    $0
    From related orgs
    $2,668,995
    Other
    $253,876
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $1,017,265 related
    Bonus
    not reported + $532,036 related
    Other
    not reported + $1,119,694 related
    Deferred
    not reported + $223,966 related
    Nontaxable benefits
    not reported + $29,910 related
    Filer's total
    not reported + $2,922,871 related
  • LAURA GLENN

    MHC SYSTEM C

    Total calculated
    $1,141,163
    From this org
    $0
    From related orgs
    $1,029,397
    Other
    $111,766
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $627,293 related
    Bonus
    not reported + $354,753 related
    Other
    not reported + $47,351 related
    Deferred
    not reported + $85,536 related
    Nontaxable benefits
    not reported + $26,230 related
    Filer's total
    not reported + $1,141,163 related
  • KENT BOWDEN DO

    SURGEON

    Total calculated
    $978,711
    From this org
    $923,313
    From related orgs
    $0
    Other
    $55,398
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $658,772
    Bonus
    $246,275
    Other
    $18,266
    Deferred
    $17,285
    Nontaxable benefits
    $38,113
    Filer's total
    $978,711
  • PAUL KONOPACKI

    CFO

    Total calculated
    $801,715
    From this org
    $0
    From related orgs
    $708,738
    Other
    $92,977
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $564,989 related
    Bonus
    not reported + $142,802 related
    Other
    not reported + $947 related
    Deferred
    not reported + $69,237 related
    Nontaxable benefits
    not reported + $23,740 related
    Filer's total
    not reported + $801,715 related
  • MATTHEW DUBIEL MD

    ORTHOPEDIC S

    Total calculated
    $771,269
    From this org
    $29,536
    From related orgs
    $695,341
    Other
    $46,392
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $28,514 + $591,943 related
    Bonus
    not reported + $81,009 related
    Other
    $1,022 + $22,389 related
    Deferred
    $201 + $17,084 related
    Nontaxable benefits
    $1,240 + $27,867 related
    Filer's total
    $30,977 + $740,292 related
  • DINO RECCHIA MD

    DIRECTOR

    Total calculated
    $746,394
    From this org
    $0
    From related orgs
    $715,300
    Other
    $31,094
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $651,441 related
    Bonus
    not reported + $38,148 related
    Other
    not reported + $25,711 related
    Deferred
    not reported + $17,285 related
    Nontaxable benefits
    not reported + $13,809 related
    Filer's total
    not reported + $746,394 related
  • DONALD SCHOLTEN MD

    SURGEON

    Total calculated
    $712,076
    From this org
    $163,712
    From related orgs
    $507,761
    Other
    $40,603
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $158,349 + $489,755 related
    Bonus
    not reported
    Other
    $5,363 + $18,006 related
    Deferred
    $1,756 + $15,528 related
    Nontaxable benefits
    $5,460 + $17,859 related
    Filer's total
    $170,928 + $541,148 related
  • JOSEPH WARD MD

    ORTHOPEDIC S

    Total calculated
    $709,482
    From this org
    $192,527
    From related orgs
    $463,609
    Other
    $53,346
    Hours/week
    12 + 28 related

    Schedule J breakdown matched by us

    Base
    $185,775 + $429,550 related
    Bonus
    not reported + $17,400 related
    Other
    $6,752 + $16,659 related
    Deferred
    $1,655 + $15,630 related
    Nontaxable benefits
    $10,529 + $25,532 related
    Filer's total
    $204,711 + $504,771 related
  • PAUL BIZZIGOTTI MD

    ORTHOPEDIC S

    Total calculated
    $564,579
    From this org
    $525,646
    From related orgs
    $0
    Other
    $38,933
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $445,827
    Bonus
    $73,111
    Other
    $6,708
    Deferred
    $17,285
    Nontaxable benefits
    $21,648
    Filer's total
    $564,579
  • ELLEN SMITH

    PRESIDENT AM

    Total calculated
    $548,244
    From this org
    $0
    From related orgs
    $538,574
    Other
    $9,670
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $320,045 related
    Bonus
    not reported
    Other
    not reported + $218,529 related
    Deferred
    not reported + $6,460 related
    Nontaxable benefits
    not reported + $3,210 related
    Filer's total
    not reported + $548,244 related
  • PETER MARINOFF

    PRESIDENT

    Total calculated
    $487,150
    From this org
    $0
    From related orgs
    $410,887
    Other
    $76,263
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported + $333,235 related
    Bonus
    not reported + $76,481 related
    Other
    not reported + $1,171 related
    Deferred
    not reported + $51,002 related
    Nontaxable benefits
    not reported + $25,261 related
    Filer's total
    not reported + $487,150 related
  • KATHLEEN LARAIA

    VP ONCOLOGY

    Total calculated
    $437,443
    From this org
    $0
    From related orgs
    $377,922
    Other
    $59,521
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $295,038 related
    Bonus
    not reported + $74,331 related
    Other
    not reported + $8,553 related
    Deferred
    not reported + $33,981 related
    Nontaxable benefits
    not reported + $25,540 related
    Filer's total
    not reported + $437,443 related
  • VINCENT SCHULTZ MD

    DIRECTOR

    Total calculated
    $401,470
    From this org
    $0
    From related orgs
    $355,887
    Other
    $45,583
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $311,935 related
    Bonus
    not reported + $28,428 related
    Other
    not reported + $15,524 related
    Deferred
    not reported + $17,285 related
    Nontaxable benefits
    not reported + $28,298 related
    Filer's total
    not reported + $401,470 related
  • BONNIE KRUSZKA

    CHIEF APP &

    Total calculated
    $285,862
    From this org
    $0
    From related orgs
    $257,229
    Other
    $28,633
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $241,950 related
    Bonus
    not reported + $14,760 related
    Other
    not reported + $519 related
    Deferred
    not reported + $26,882 related
    Nontaxable benefits
    not reported + $1,751 related
    Filer's total
    not reported + $285,862 related
  • CRISTEN BRANDSMA

    COO/CNO

    Total calculated
    $278,752
    From this org
    $250,110
    From related orgs
    $0
    Other
    $28,642
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,769
    Bonus
    $32,882
    Other
    $459
    Deferred
    $24,123
    Nontaxable benefits
    $4,519
    Filer's total
    $278,752
  • KENNETH BLOEM

    CHAIR

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    0 + 12 related
  • MATT BULLOCH

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    0 + 1 related
  • NICK CEGLAREK

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    0 + 1 related
  • KATHY DIXON

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    0 + 1 related
  • JENNIFER KING

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    0 + 1 related
  • KARL KLIMEK

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    0 + 1 related
  • RUTH HOPPE MD

    V CHAIR

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    0 + 8 related
  • DAVE MENGEBIER

    TREASURER

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    0 + 6 related
  • KIM MORLEY

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    0 + 1 related
  • TIM NELSON

    SECRETARY

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    0 + 7 related
  • ANDY PAGE

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    0 + 1 related
  • BRIAN POSTMA

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    0 + 2 related
  • OWEN ROBERTS

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    0 + 2 related
  • MARY SANDERS

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    0 + 3 related
  • KRISTINE THOMAS

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    0 + 3 related
  • TOM VERYSER

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    0 + 1 related
  • ELAINE WOOD

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    0 + 6 related
  • DAVID MCCURDY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 3 related
  • SAKURA TAKANO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 1 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

  • 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
  • 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, PAGE 1, PART I, LINE 1A
MUNSON HEALTHCARE MAINTAINS A SOCIAL MEMBERSHIP AT THE TRAVERSE CITY COUNTRY CLUB. A REQUIREMENT OF THE COUNTRY CLUB IS THAT A MEMBERSHIP BE IN AN INDIVIDUAL NAME AND NOT A CORPORATE NAME, SO EDWIN NESS IS LISTED AS THE INDIVIDUAL FOR THE MEMBERSHIP. MUNSON HEALTHCARE USES THE SOCIAL MEMBERSHIP TO CONDUCT OFF-SITE BUSINESS MEETINGS AND RETREATS.
SCHEDULE J, PAGE 1, PART I, LINE 3
THE PROCESS FOR DETERMINING APPROPRIATE LEVELS OF PAY FOR EXECUTIVE POSITIONS WITHIN MUNSON HEALTHCARE SYSTEM IS CAREFULLY AND THOUGHTFULLY DIRECTED BY THE MUNSON HEALTHCARE BOARD OF DIRECTORS, THROUGH THE COMPENSATION AND EXECUTIVE LEADERSHIP DEVELOPMENT COMMITTEE. THE COMMITTEE UTILIZES "BEST PRACTICES" METHODS OF DETERMINING COMPENSATION AND, AS SUCH, IS COMPOSED OF SEVEN MEMBERS WHOSE VOTING MEMBERS ARE INDEPENDENT. THE COMMITTEE IS CHARGED WITH ENSURING THAT EXECUTIVE COMPENSATION IS DESIGNED TO ATTRACT AND RETAIN HIGH QUALITY, PROFESSIONAL LEADERSHIP WHILE MAINTAINING STRONG STEWARDSHIP FOR THE ORGANIZATION. COMPENSATION LEVELS REFLECT THE SCOPE OF EACH EXECUTIVE'S RESPONSIBILITIES, EDUCATIONAL BACKGROUND, EXPERIENCE, AND INDUSTRY STANDING AS WELL AS INDIVIDUAL AND ORGANIZATIONAL PERFORMANCE. ANNUALLY, THE COMMITTEE RETAINS A NATIONAL INDEPENDENT CONSULTANT TO ENSURE MUNSON HEALTHCARE'S COMPENSATION PRACTICES AND LEVELS ARE INDEPENDENTLY REVIEWED WHILE BEING COMPETITIVE AND REASONABLE. THE MUNSON HEALTHCARE CONFLICT, VALUATION AND COMPLIANCE ("CVC") COMMITTEE ALSO REVIEWS THE SURVEY INFORMATION TO EVALUATE THE REASONABLENESS OF EXECUTIVE COMPENSATION. THAT ANALYSIS OCCURS EACH NOVEMBER. THE COMPENSATION AND EXECUTIVE LEADERSHIP DEVELOPMENT COMMITTEE USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT: COMPENSATION COMMITTEE INDEPENDENT COMPENSATION CONSULTANT COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
SCHEDULE J, PAGE 1, PART I, LINE 4
EDWIN A. NESS 0 206,681 0 LAURA GLENN 0 68,251 0 PAUL KONOPACKI 0 57,121 0 ELLEN SMITH 94,157 0 0 PETER MARINOFF 0 33,991 0 KATHLEEN LARAIA 0 18,364 0 BONNIE KRUSZKA 0 14,760 0 CRISTEN BRANDSMA 0 13,153 0
SCHEDULE J, PAGE 1, PART I, LINE 7
MUNSON HEALTHCARE EXECUTIVES ARE ELIGIBLE FOR AN ANNUAL BONUS BASED ON MEETING ORGANIZATIONAL GOALS, WHICH ARE SET IN ADVANCE AND APPROVED BY THE COMPENSATION COMMITTEE OF THE MUNSON HEALTHCARE BOARD. THE GOALS INCLUDE A COMBINATION OF FINANCIAL TARGETS, STRATEGIC TARGETS AND OPERATIONAL TARGETS INCLUDING QUALITY HEALTHCARE DELIVERY, DISEASE MANAGEMENT, PATIENT SATISFACTION, EMPLOYEE SAFETY, AND EMPLOYEE ENGAGEMENT. AT THE END OF EACH FISCAL YEAR, THE COMPENSATION COMMITTEE OF THE MUNSON HEALTHCARE BOARD IS CHARGED WITH REVIEWING AND APPROVING EXECUTIVE BONUSES BASED ON PROGRESS TOWARD MEETING ORGANIZATIONAL GOALS.
SCHEDULE J, PART III
PART I, LINE 4A EXECUTIVE SEVERANCE PLAN: SUBJECT TO REVIEW AND APPROVAL BY THE BOARD COMPENSATION AND EXECUTIVE LEADERSHIP COMMITTEE, IN ORDER TO RECRUIT AND MAINTAIN QUALIFIED EXECUTIVES, A COMPETITIVE BENEFIT PACKAGE IS OFFERED TO THE PRESIDENT AND VICE-PRESIDENTS, WHICH INCLUDES A SEVERANCE PLAN. MUNSON HAS A SEVERANCE PLAN FOR THE PRESIDENT AND VICE-PRESIDENT/EXECUTIVE LEVEL POSITIONS, WHICH PROVIDES FOR THE PRESIDENT UP TO TWO YEARS OF PAY IN THE EVENT EMPLOYMENT ENDS UNDER CERTAIN CONDITIONS AND FOR VICE-PRESIDENTS, UP TO ONE-YEAR OF PAY IN THE EVENT EMPLOYMENT ENDS UNDER CERTAIN CONDITIONS. THE PLAN PROVIDES FOR A 50% OFFSET FOR SUBSEQUENT EMPLOYMENT DURING THE SEVERANCE PERIOD. MEDICAL BENEFITS ARE PROVIDED DURING THE SEVERANCE PERIOD. PART I, LINE 4B SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS: SUBJECT TO REVIEW AND APPROVAL BY THE BOARD COMPENSATION AND EXECUTIVE LEADERSHIP COMMITTEE, IN ORDER TO RECRUIT AND MAINTAIN QUALIFIED EXECUTIVES, INCLUDING THE PRESIDENT AND VICE-PRESIDENTS, A COMPETITIVE BENEFIT PACKAGE IS OFFERED WHICH INCLUDES PARTICIPATION IN A NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN. FOR THE PRESIDENT, THE PLAN PROVIDES A TARGETED BENEFIT AT AGE 62. ANNUAL CONTRIBUTIONS, AT MUNSON'S DISCRETION, ARE MADE TO THE PLAN IN ORDER TO ACHIEVE THE TARGETED RETIREMENT BENEFIT LEVEL. VICE-PRESIDENTS ARE ELIGIBLE TO PARTICIPATE IN AN AMOUNT NOT TO EXCEED 6% OF BASE COMPENSATION, FUNDED ANNUALLY, AT THE SOLE DISCRETION OF MUNSON. THESE FUNDS ARE AVAILABLE TO VESTED PARTICIPANTS UPON SEPARATION OF EMPLOYMENT FROM MUNSON. PART II, LINE 1, COLUMN B(III) CEO EDWIN NESS, A 25 YEAR EMPLOYEE, HAS BEGUN VESTING IN HIS SERP PLAN. IN 2024, THE TAXABLE AMOUNT WAS 1,086,251. THIS ONE-TIME TAXABLE AMOUNT IS REFLECTED IN HIS 2024 COMPENSATION IN COLUMN B(III) OF SCHEULE J. OF THE AMOUNT REPORTED IN THE CURRENT FORM 990 SCHEDULE J, SERP PLAN CONTRIBUTIONS IN THE AMOUNT OF 1,086,251 WERE PREVIOUSLY REPORTED AS BENEFITS IN PRIOR YEAR FORMS 990.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

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
12 May 2026
IRS schema version
2024v5.0
Source object
202601349349305285

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.