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Nonprofiteer
← GULF HEALTH PROPERTIES INC

Form 990 for tax year 2024

Filed by GULF HEALTH PROPERTIES INC.

Totals

Total revenue
$213,231
Total expenses
$370,269
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$113,194
Investment income
$0
Other revenue
$100,037
Total assets, end of year
$15,140,933
Total liabilities, end of year
$71,846
Net assets or fund balances, end of year
$15,069,087
Program services expenses (Part IX)
$0
Management and general expenses
$370,269
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • D MARK NIX

    CHAIRMAN/PRE

    Total calculated
    $1,900,471
    From this org
    $0
    From related orgs
    $1,833,567
    Other
    $66,904
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $1,413,353 related
    Bonus
    not reported + $405,684 related
    Other
    not reported + $14,530 related
    Deferred
    not reported + $41,400 related
    Nontaxable benefits
    not reported + $25,504 related
    Filer's total
    not reported + $1,900,471 related

  • JOE T STOUGH III

    VICE PRESIDE

    Total calculated
    $925,028
    From this org
    $0
    From related orgs
    $799,929
    Other
    $125,099
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $556,576 related
    Bonus
    not reported + $158,936 related
    Other
    not reported + $84,417 related
    Deferred
    not reported + $98,448 related
    Nontaxable benefits
    not reported + $26,651 related
    Filer's total
    not reported + $925,028 related

  • JOSEPH DENTON

    ASSISTANT TR

    Total calculated
    $850,898
    From this org
    $0
    From related orgs
    $718,649
    Other
    $132,249
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $541,685 related
    Bonus
    not reported + $97,430 related
    Other
    not reported + $79,534 related
    Deferred
    not reported + $108,498 related
    Nontaxable benefits
    not reported + $23,751 related
    Filer's total
    not reported + $850,898 related

  • SCOTT BROWNING

    SECRETARY

    Total calculated
    $586,576
    From this org
    $0
    From related orgs
    $507,626
    Other
    $78,950
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $382,526 related
    Bonus
    not reported + $84,938 related
    Other
    not reported + $40,162 related
    Deferred
    not reported + $53,699 related
    Nontaxable benefits
    not reported + $25,251 related
    Filer's total
    not reported + $586,576 related

  • KERRY TOLLESON

    TREASURER

    Total calculated
    $517,093
    From this org
    $0
    From related orgs
    $437,553
    Other
    $79,540
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $339,160 related
    Bonus
    not reported + $65,845 related
    Other
    not reported + $32,548 related
    Deferred
    not reported + $52,889 related
    Nontaxable benefits
    not reported + $26,651 related
    Filer's total
    not reported + $517,093 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4
JOE T. STOUGH, III 0 81,223 0 JOSEPH DENTON 0 77,473 0 SCOTT BROWNING 0 37,321 0 KERRY TOLLESON 0 38,758 0
SCHEDULE J, PART III
SCHEDULE J, PART I, LINE 3 FOR TOP MANAGMENT OFFICIAL'S COMPENSATION INFIRMARY HEALTH SYSTEM, INC. (IHS, A RELATED CORPORATION) ESTABLISHES THE PRESIDENT/CEO'S COMPENSATION. THE IHS EMPLOYEES DESIGNATED AS OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE PARTICIPANTS IN THE ORGANIZATION'S PERFORMANCE MANAGEMENT PROGRAM. EACH EMPLOYEE HAS AN INDIVIDUAL PERFORMANCE PLAN AND IS REVIEWED ANNUALLY FOR MERIT INCREASES. THE ANNUAL REVIEW COVERS THE EMPLOYEE'S PERFORMANCE FOR THE FISCAL YEAR OF APRIL 1 THROUGH MARCH 31 OF THE FOLLOWING YEAR. THE AMOUNT OF INDIVIDUAL MERIT/SALARY INCREASES ARE DETERMINED BASED ON THE COMPA-RATIO (HOURLY RATED RELATIVE TO THE SALARY RANGE MIDPOINT), THE NUMBER OF MONTHS SINCE THEIR LAST INCREASE AND PERFORMANCE SCORE (RATING) AND THE ORGANIZATION'S ANNUAL MERIT GUIDELINES. EACH POSITION IS ASSIGNED A SALARY RANGE BASED ON THE HAY METHODOLOGY OF ACCOUNTABILITY, KNOW HOW AND PROBLEM SOLVING ABILITY. SALARY RANGE MIDPOINTS (THE MIDPOINT REPRESENTS 100% OF THE MARKET) INCREASE EACH YEAR BASED ON EXTERNAL MARKET DATA. IHS PARTICIPATES IN NUMEROUS SALARY SURVEYS. DEPENDING ON THE POSITION, THE SURVEY DATA MAY BE INDUSTRY SPECIFIC, (E.G. HEALTHCARE) OR FROM OTHER INDUSTRIES. CURRENTLY, EXECUTIVE POSITION MARKET DATA COMES FROM WATSON WYATT, INTEGRATED HEALTHCARE STRATEGIES, SULLIVAN COTTER AND HAY CONSULTING. THE ANNUAL MERIT GUIDELINES ARE DETERMINED BY THE ORGANIZATION'S ABILITY TO PAY (BUDGET). THE ANNUAL MERIT GUIDELINES PROVIDE A MERIT INCREASE PERCENTAGE RANGE BASED ON THE INDIVIDUAL EMPLOYEE'S PERFORMANCE RATING AND COMPA-RATIO. FOR EXECUTIVES, THE CEO AND VP, HUMAN RESOURCES REVIEW THE SUGGESTED MERIT INCREASE AND MAKE RECOMMENDATIONS TO THE INFIRMARY HEALTH SYSTEM COMPENSATION COMMITTEE. THE FINAL RECOMMENDATIONS PRESENTED BY THE COMPENSATION COMMITTEE ARE APPROVED BY THE IHS BOARD OF DIRECTORS. IHS HAS AN EXTERNAL REVIEW OF COMPENSATION PRACTICES EVERY TWO YEARS AND WAS MOST RECENTLY REVIEWED BY SULLIVAN COTTER IN 2025. SCHEDULE J, PART I, LINE 4B THE INFIRMARY HEALTH 457(F) PLAN IS A TYPE OF NONQUALIFIED DEFERRED COMPENSATION PLAN THAT TAX-EXEMPT ORGANIZATIONS CAN ESTABLISH FOR THEIR EMPLOYEES. THIS PLAN IS FUNDED ENTIRELY BY THE EMPLOYER FOR THE BENEFIT OF ITS PARTICIPANTS. THE ELIGIBILITY FOR THIS PLAN IS LIMITED TO HIGHLY COMPENSATED EMPLOYEES, SUCH AS VICE-PRESIDENTS AND ABOVE, OF THE ORGANIZATION AND MUST BE DESIGNATED AS ELIGIBLE BEFORE CONTRIBUTIONS CAN BE MADE. THE AMOUNT OF ANNUAL EMPLOYER CONTRIBUTIONS ARE DETERMINED AS A PERCENT OF BASE SALARY FOR EACH ELIGIBLE PARTICIPANT. THE PARTICIPANT DESIGNATES THE ALLOCATION OF THE CONTRIBUTION IN THE FUND SELECTION IN THE PLAN AS WELL AS FUTURE VESTING DATES. THE EARLIEST THAT A PARTICIPANT MAY VEST IN A PARTICULAR YEARS BENEFIT IS FIVE YEARS. ONCE VESTED THE BENEFIT BECOMES TAXABLE AS WELL AS EARNINGS ON THE CONTRIBUTION AND IS PAID THROUGH NORMAL PAYROLL PROCESSING TO THE PARTICIPANT.

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
2024
Filed
10 February 2026
IRS schema version
2024v5.0
Source object
202640429349300324

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