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Nonprofiteer
← SHORE MEMORIAL HEALTH SYSTEMS INC

Form 990 for tax year 2022

Filed by SHORE MEMORIAL HEALTH SYSTEMS INC.

Totals

Total revenue
-$336,581
Total expenses
$585,812
Contributions and grants received
$0
Grants paid
$492,263
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)
$492,263
Management and general expenses
$93,549
Fundraising expenses
$0
Program service expenses (Part III)
$492,263

Program services were 84.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • RONALD W JOHNSON

    TRUSTEE - PRESIDENT/CEO

    Total calculated
    $1,339,620
    From this org
    $0
    From related orgs
    $1,259,378
    Other
    $80,242
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $647,099 related
    Bonus
    $0 + $223,649 related
    Other
    $0 + $388,630 related
    Deferred
    $0 + $58,000 related
    Nontaxable benefits
    $0 + $22,242 related
    Filer's total
    $0 + $1,339,620 related

  • DAVID R HUGHES

    CFO/CDO

    Total calculated
    $698,599
    From this org
    $0
    From related orgs
    $606,867
    Other
    $91,732
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $436,891 related
    Bonus
    $0 + $114,645 related
    Other
    $0 + $55,331 related
    Deferred
    $0 + $60,756 related
    Nontaxable benefits
    $0 + $30,976 related
    Filer's total
    $0 + $698,599 related

  • ROBERT J BRAY DDS MS

    CHAIR - TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CARMINE J TAGLIALATELLA JWC

    VICE CHAIR - TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SANDY TZAFEROS PHARMD

    SECRETARY/ASST TREAS - TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID BEYEL

    TREASURER/ASST SEC - TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL BRAY

    TRUSTEE; EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • GERALD J CORCORAN ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • FERNANDO DELASOTTA MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAY GILLIAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RICHARD L TRAA

    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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I; QUESTION 4B
THE AMOUNT REFLECTED IN SCHEDULE J, PART II, COLUMN B(III) FOR THE FOLLOWING INDIVIDUAL INCLUDES A CURRENT YEAR VESTING IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) AS THE AMOUNT WAS NO LONGER SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. THE AMOUNT OUTLINED HEREIN WAS INCLUDED IN HIS 2022 FORM W-2 AS TAXABLE WAGES: RONALD W. JOHNSON, $357,152. THE AMOUNT REFLECTED IN SCHEDULE J, PART II, COLUMN B(III) FOR THE FOLLOWING INDIVIDUAL INCLUDES A CURRENT YEAR VESTING IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) AS THE AMOUNT WAS NO LONGER SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. THE AMOUNT OUTLINED HEREIN WAS INCLUDED IN HIS 2022 FORM W-2 AS TAXABLE WAGES: DAVID R. HUGHES, $43,271. THE DEFERRED COMPENSATION AMOUNTS REFLECTED IN SCHEDULE J, PART II, COLUMN C FOR THE FOLLOWING INDIVIDUAL INCLUDES UNVESTED BENEFITS IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) WHICH ARE SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. ACCORDINGLY, HE MAY NEVER ACTUALLY RECEIVE THIS UNVESTED BENEFIT AMOUNT. THE AMOUNT OUTLINE HEREIN WAS NOT INCLUDED IN HIS 2022 FORM W-2 BOX 5, AS TAXABLE MEDICARE WAGES: DAVID R. HUGHES, $44,356.
SCHEDULE J, PART I; QUESTION 7
THE INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS DURING CALENDAR YEAR 2022 WHICH WAS INCLUDED IN COLUMN B(II) HEREIN AND IN EACH INDIVIDUAL'S 2022 FORM W-2 AS TAXABLE WAGES. PLEASE REFER TO THIS SECTION OF THE FORM 990, SCHEDULE J FOR THIS INFORMATION.
SCHEDULE J, PART II; COLUMN F
THE AMOUNTS REPORTED IN SCHEDULE J, PART II, COLUMN (F) INCLUDE VESTED BENEFITS IN A DEFERRED COMPENSATION PLAN AS THESE AMOUNTS WERE NO LONGER SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. THESE AMOUNTS WERE REPORTED AS DEFERRED COMPENSATION ON PRIOR YEARS' FORMS 990 AND ARE NOW BEING REPORTED AGAIN ON THIS YEAR'S FORM 990. THESE AMOUNTS HAVE BEEN TREATED AS TAXABLE INCOME AND WERE REPORTED ON EACH INDIVIDUAL'S FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES.

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

  • CITY OF SOMERS POINT

    $492,263

    COMMUNITY SUPPORT

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
8 November 2023
IRS schema version
2022v5.0
Source object
202323179349304022

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