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Nonprofiteer
← CHVI PROFESSIONAL CORPORATION

Form 990 for tax year 2022

Filed by CHVI PROFESSIONAL CORPORATION.

Totals

Total revenue
$62,937,192
Total expenses
$70,584,533
Contributions and grants received
$61,975,575
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)
$70,584,533
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$70,584,533

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MICHAEL MEYER MD

    MEMBER,PHYSICIAN

    Total calculated
    $1,516,783
    From this org
    $1,493,718
    From related orgs
    $0
    Other
    $23,065
    Hours/week
    52

    Schedule J breakdown matched by us

    Base
    $1,353,815
    Bonus
    $124,908
    Other
    $14,995
    Deferred
    $18,300
    Nontaxable benefits
    $4,765
    Filer's total
    $1,516,783

  • DAVID CARLSON MD

    MEMBER,PART YEAR,SRVP MHS

    Total calculated
    $1,477,122
    From this org
    $0
    From related orgs
    $1,453,095
    Other
    $24,027
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $654,969 related
    Bonus
    $0 + $180,768 related
    Other
    $0 + $617,358 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $24,027 related
    Filer's total
    $0 + $1,477,122 related

  • HASSAN YAZDIAN TEHRANI MD

    MEMBER,PART YEAR,PHYSICIAN

    Total calculated
    $1,250,364
    From this org
    $1,214,798
    From related orgs
    $0
    Other
    $35,566
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,078,416
    Bonus
    $130,576
    Other
    $5,806
    Deferred
    $10,675
    Nontaxable benefits
    $24,891
    Filer's total
    $1,250,364

  • VINAY MALHOTRA MD

    MEMBER,PHYSICIAN

    Total calculated
    $1,222,146
    From this org
    $1,176,113
    From related orgs
    $0
    Other
    $46,033
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,094,471
    Bonus
    $64,931
    Other
    $16,711
    Deferred
    $18,300
    Nontaxable benefits
    $27,733
    Filer's total
    $1,222,146

  • DEVENDRA VORA MD

    MEMBER,PHYSICIAN

    Total calculated
    $1,161,447
    From this org
    $1,132,703
    From related orgs
    $0
    Other
    $28,744
    Hours/week
    52

    Schedule J breakdown matched by us

    Base
    $1,023,382
    Bonus
    $93,441
    Other
    $15,880
    Deferred
    $18,300
    Nontaxable benefits
    $10,444
    Filer's total
    $1,161,447

  • DAVID O'BRIEN MD

    MEMBER, SRVP MHS

    Total calculated
    $1,126,178
    From this org
    $0
    From related orgs
    $1,095,048
    Other
    $31,130
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $813,349 related
    Bonus
    $0 + $152,251 related
    Other
    $0 + $129,448 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $18,930 related
    Filer's total
    $0 + $1,126,178 related

  • MOMAH KINGSON

    MEMBER,PHYSICIAN

    Total calculated
    $1,034,753
    From this org
    $1,002,488
    From related orgs
    $0
    Other
    $32,265
    Hours/week
    52

    Schedule J breakdown matched by us

    Base
    $863,585
    Bonus
    $119,690
    Other
    $19,213
    Deferred
    $18,300
    Nontaxable benefits
    $13,965
    Filer's total
    $1,034,753

  • MOHIT JAINMD

    MEMBER,PHYSICIAN

    Total calculated
    $1,028,788
    From this org
    $1,017,179
    From related orgs
    $0
    Other
    $11,609
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $921,553
    Bonus
    $94,264
    Other
    $1,362
    Deferred
    $10,675
    Nontaxable benefits
    $934
    Filer's total
    $1,028,788

  • STEPHEN THEW MD

    MEMBER,PHYSICIAN

    Total calculated
    $994,031
    From this org
    $958,707
    From related orgs
    $0
    Other
    $35,324
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $817,184
    Bonus
    $138,129
    Other
    $3,394
    Deferred
    $10,675
    Nontaxable benefits
    $24,649
    Filer's total
    $994,031

  • SARAH KOCH MD

    MEMBER,PHYSICIAN

    Total calculated
    $750,032
    From this org
    $720,239
    From related orgs
    $0
    Other
    $29,793
    Hours/week
    52

    Schedule J breakdown matched by us

    Base
    $623,720
    Bonus
    $84,344
    Other
    $12,175
    Deferred
    $18,300
    Nontaxable benefits
    $11,493
    Filer's total
    $750,032

  • NEEDHAM WARD MD

    CHAIRMAN,PHYSICIAN

    Total calculated
    $584,886
    From this org
    $548,255
    From related orgs
    $0
    Other
    $36,631
    Hours/week
    52

    Schedule J breakdown matched by us

    Base
    $348,472
    Bonus
    $148,903
    Other
    $50,880
    Deferred
    $18,300
    Nontaxable benefits
    $18,331
    Filer's total
    $584,886

  • CHRISTI MCCARREN RN

    MEMBER, PART YEAR, SRVP MHS

    Total calculated
    $540,725
    From this org
    $0
    From related orgs
    $510,401
    Other
    $30,324
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $351,549 related
    Bonus
    $0 + $114,384 related
    Other
    $0 + $44,468 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $12,024 related
    Filer's total
    $0 + $540,725 related

  • JASON PARKS

    PRESIDENT/SECRETARY,TREASURER

    Total calculated
    $731,174
    From this org
    $684,387
    From related orgs
    $0
    Other
    $46,787
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $488,110
    Bonus
    $189,248
    Other
    $7,029
    Deferred
    $18,300
    Nontaxable benefits
    $28,487
    Filer's total
    $731,174

  • PETER CHEN MD

    PHYSICIAN

    Total calculated
    $1,663,726
    From this org
    $1,623,360
    From related orgs
    $0
    Other
    $40,366
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,520,920
    Bonus
    $87,187
    Other
    $15,253
    Deferred
    $18,300
    Nontaxable benefits
    $22,066
    Filer's total
    $1,663,726

  • NATHAN E SPENCE MD

    PHYSICIAN

    Total calculated
    $1,251,809
    From this org
    $1,237,728
    From related orgs
    $0
    Other
    $14,081
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,135,745
    Bonus
    $100,071
    Other
    $1,912
    Deferred
    $10,675
    Nontaxable benefits
    $3,406
    Filer's total
    $1,251,809

  • VAL A LEV

    PHYSICIAN

    Total calculated
    $1,272,530
    From this org
    $1,234,009
    From related orgs
    $0
    Other
    $38,521
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,117,363
    Bonus
    $96,593
    Other
    $20,053
    Deferred
    $18,300
    Nontaxable benefits
    $20,221
    Filer's total
    $1,272,530

  • UMA M KRISHNAN MD

    PHYSICIAN

    Total calculated
    $1,243,656
    From this org
    $1,205,147
    From related orgs
    $0
    Other
    $38,509
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,103,879
    Bonus
    $88,337
    Other
    $12,931
    Deferred
    $18,300
    Nontaxable benefits
    $20,209
    Filer's total
    $1,243,656

  • KURT GARY KINNEY

    PHYSICIAN

    Total calculated
    $1,247,607
    From this org
    $1,202,931
    From related orgs
    $0
    Other
    $44,676
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,043,666
    Bonus
    $143,754
    Other
    $15,511
    Deferred
    $18,300
    Nontaxable benefits
    $26,376
    Filer's total
    $1,247,607

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

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINES 4A-B
LINE 4A - IN 2022 THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS: DAVID CARLSON - $217,962. LINE 4B - JASON PARKS, PRESIDENT FOR CHVI- PULSE HEART INSTITUTE, IS PARTICIPATING IN A 457(F) PLAN BUT NO AMOUNTS WERE PAID OUT IN 2022. THE PLAN COVERS EMPLOYEES WHO ARE PRIMARILY A SELECT GROUP OF MANAGEMENT (THE EXECUTIVE GROUP) OR HIGHLY COMPENSATED EMPLOYEES. THIS TYPE OF ARRANGEMENT CONTAINS A RISK OF FORFEITURE AND SOME OF THE ACCOUNTS USE A NON-COMPETE CLAUSE. THE EXECUTIVE GROUP ACCOUNTS CONTAIN A ROLLING 5-YEAR CLIFF 50% VESTING SCHEDULE AND ONCE THAT IS BEING MET THE PARTICIPANT RECEIVES 50% OF THE ACCOUNT, WITH A 100% VESTING UPON AGE 62 OR 5 YEARS OF PRIOR EMPLOYMENT. FOR THE HIGHLY COMPENSATED GROUP (PLAN'S LEGACY PHYSICIAN PARTICIPANT GROUP) DISTRIBUTION OF BALANCES PAID REPRESENTED VESTED AMOUNT DURING THE YEAR. THE PAYMENTS WERE TAXED AND INCLUDED IN COLUMN B, (III).
SCHEDULE J, PART I LINE 3:
CHVI PROFESSIONAL CORPORATION RELIED ON A RELATED ORGANIZATION, MULTICARE HEALTH SYSTEM, TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT. SEE SCHEDULE O, PART VI, LINE 15 NARRATIVE FOR PROCESS USED BY MULTICARE HEALTH SYSTEM
SCHEDULE J, PART I & II, SUPPLEMENTAL:
THE REPORTABLE COMPENSATION FOR THE OFFICERS OF THE CORPORATION IS BASED ON THE TOTAL AMOUNT PAID DURING THE YEAR FOR MANAGEMENT AND LEADERSHIP OF MULTICARE HEALTH SYSTEM AND ITS SUBSIDIARIES, INCLUDING CURRENT YEAR PAYMENTS OF AMOUNTS REPORTED IN PRIOR YEARS AS CONTRIBUTIONS TO EMPLOYEE BENEFIT PLANS AND DEFERRED COMPENSATION PLANS, TOGETHER WITH INVESTMENT EARNINGS FROM THOSE PRIOR YEAR CONTRIBUTIONS. THE AMOUNTS UNDER OTHER COMPENSATION, REPORTED ON SCHEDULE J, COLUMN C, INCLUDE DEFERRED COMPENSATION, AND THE VALUE OF MEDICAL, DENTAL, LIFE, DISABILITY INSURANCE, AND PENSION BENEFITS. COMPENSATION ON THIS TAX RETURN INCLUDES AMOUNTS THAT ARE NOT VESTED, ARE SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE AND MAY NOT BE PAID OUT IN THE FUTURE. THE PROCESS FOR DETERMINING EXECUTIVE COMPENSATION AT MULTICARE HEALTH SYSTEM (I) COMPLIES WITH THE IRS FORM 990 INSTRUCTIONS; (II) IS DETERMINED BY A SEPARATE COMMITTEE OF THE BOARD OF DIRECTORS WHOSE MEMBERS ARE ALL INDEPENDENT, DO NOT HAVE A CONFLICT OF INTEREST, AND ARE NON-PAID; AND (III) IS ANNUALLY EVALUATED IN THE CONTEXT OF COMPENSATION DATA GATHERED BY INDEPENDENT EXTERNAL CONSULTANTS FROM A PEER GROUP COMPRISED OF SIMILAR HIGH PERFORMING HEALTHCARE INSTITUTIONS, PRIMARILY INTEGRATED HEALTHCARE ORGANIZATIONS. COMPENSATION PAID IS DETERMINED TO BE REASONABLE AND NECESSARY BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS AND THE INDEPENDENT EXTERNAL CONSULTANT. IN ADDITION, A SIGNIFICANT PORTION OF COMPENSATION IS AT RISK AND BASED ON ACHIEVEMENT OF GOALS SET BY THE BOARD OF DIRECTORS AT THE START OF EACH YEAR IN AREAS SUCH AS PATIENT SAFETY, QUALITY, WORKFORCE DEVELOPMENT, FINANCE AND OTHER MISSION-RELATED AREAS. THE BOARD PLACES A HIGH PRIORITY ON THE NEED TO RECRUIT AND RETAIN A STRONG LEADERSHIP TEAM AND TO CREATE A HIGHLY MOTIVATED AND ENGAGED WORKFORCE TO DRIVE SUPERIOR ORGANIZATIONAL PERFORMANCE IN ORDER TO ACHIEVE TOP TIER INTEGRATED CARE DELIVERY SYSTEM STATUS. THE EXECUTIVE COMPENSATION COMMITTEE ROUTINELY REVIEWS BENEFITS AND RETIREMENT PROGRAMS TO ENSURE THE PLANS ARE MARKET-BASED AND OTHERWISE CONSISTENT WITH IRS GUIDELINES. THE OFFICERS OF MULTICARE HEALTH SYSTEM, 91-1352172, ALSO FULFILL OFFICER AND EXECUTIVE FUNCTIONS FOR ITS RELATED ENTITIES. COMPENSATION DISCLOSED IS REPORTED TO THE RELATED ENTITIES TAX RETURNS IN ACCORDANCE WITH IRS REGULATIONS, BUT IS NOT CHARGED TO THE SUBSIDIARY OR AFFILIATE. AN OFFICER LISTED DEVOTES AN AVERAGE OF 52 HOURS PER WEEK TO PERFORM HIS OR HER RESPONSIBILITIES.

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.

  • MEDIS CORPORATION

    C · BLDG. RENTAL & CONSULTING · WA

  • COMMENCEMENT RE

    C · MALPRACTICE INSURANCE · CJ

Provenance

Return type
form_990
Tax year
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202343069349301994

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