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Nonprofiteer
← ST VINCENT HEALTHCARE FOUNDATION

Form 990 for tax year 2023

Filed by ST VINCENT HEALTHCARE FOUNDATION.

Totals

Total revenue
$9,580,506
Total expenses
$9,148,134
Contributions and grants received
$6,808,663
Grants paid
$6,747,530
Program service revenue
$0
Investment income
$2,889,675
Other revenue
-$117,832
Total assets, end of year
$75,999,513
Total liabilities, end of year
$1,681,630
Net assets or fund balances, end of year
$74,317,883
Program services expenses (Part IX)
$7,426,439
Management and general expenses
$1,176,087
Fundraising expenses
$545,608
Program service expenses (Part III)
$7,426,439

Program services were 81.2% 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.

  • 1a · Federated campaigns

    $1,278

  • 1c · Fundraising events

    $895,981

  • 1d · Related organizations

    $1,891,423

  • 1e · Government grants (contributions)

    $358,305

  • 1f · All other contributions, gifts and grants

    $3,661,676

  • 1g · Noncash contributions included above

    $63,019

  • 3 · Investment income

    total $604 · excluded $604

  • 7a · Gross sales of assets other than inventory

    securities $2,889,071

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

    securities $0

  • 7c · Gain or loss

    securities $2,889,071

  • 7d · Net gain or loss

    total $2,889,071 · excluded $2,889,071

  • 8a · Fundraising events: gross income

    $171,568

  • 8a · Fundraising events: contributions included on line 1c

    $895,981

  • 8b · Fundraising events: direct expenses

    $289,400

  • 8c · Net income from fundraising events

    total -$117,832 · excluded -$117,832

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,997,875 · program services $5,997,875

  • 2 · Grants to domestic individuals

    total $748,655 · program services $748,655

  • 3 · Grants to foreign organizations and individuals

    total $1,000 · program services $1,000

  • 5 · Compensation of officers, directors and key employees

    total $259,520 · program services $25,952 · management and general $103,808 · fundraising $129,760

  • 7 · Other salaries and wages

    total $499,953 · program services $49,995 · management and general $199,981 · fundraising $249,977

  • 9 · Other employee benefits

    total $47,902 · program services $4,790 · management and general $19,161 · fundraising $23,951

  • 10 · Payroll taxes

    total $49,266 · program services $4,927 · management and general $19,706 · fundraising $24,633

  • 11f · Fees: investment management

    total $113,488 · management and general $113,488

  • 11g · Fees: other

    total $78,100 · management and general $78,100

  • 12 · Advertising and promotion

    total $49,551 · fundraising $49,551

  • 13 · Office expenses

    total $10,463 · management and general $4,604 · fundraising $5,859

  • 14 · Information technology

    total $22,642 · management and general $22,642

  • 16 · Occupancy

    total $16,486 · management and general $16,486

  • 17 · Travel

    total $21,455 · management and general $9,440 · fundraising $12,015

  • 19 · Conferences, conventions and meetings

    total $8,425 · management and general $3,707 · fundraising $4,718

  • 24a · Other expenses: SHARED SERVICES - PHILA

    total $511,995 · management and general $511,995

  • 24b · Other expenses: BANK FEES

    total $451,441 · program services $361,153 · management and general $45,144 · fundraising $45,144

  • 24c · Other expenses: SUPPLIES

    total $179,306 · program services $179,306

  • 24d · Other expenses: SHARED SERVICES - ADMIN

    total $27,825 · management and general $27,825

  • 24e · All other expenses

    total $52,786 · program services $52,786

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,432,507 · end of year $1,490,803

  • 3 · Pledges and grants receivable

    beginning of year $1,827,844 · end of year $2,369,403

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

    $673,243

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $673,243 · end of year $673,243

  • 11 · Investments: publicly traded securities

    beginning of year $64,231,582 · end of year $71,432,767

  • 15 · Other assets

    beginning of year $329,439 · end of year $33,297

  • 17 · Accounts payable and accrued expenses

    beginning of year $201,409

  • 25 · Other liabilities

    beginning of year $309,580 · end of year $1,681,630

  • 27 · Net assets without donor restrictions

    beginning of year $34,024,037 · end of year $39,330,628

  • 28 · Net assets with donor restrictions

    beginning of year $33,959,589 · end of year $34,987,255

Mission and programs · 2023

Mission

WE REVEAL AND FOSTER GOD'S HEALING LOVE BY IMPROVING THE HEALTH OF THE PEOPLE AND COMMUNITIES WE SERVE, ESPECIALLY THOSE WHO ARE POOR AND VULNERABLE.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $7,426,439 · Grants $6,747,530

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • JUSTEN RUDOLPH MD

    SECRETARY/TREASURER

    Total calculated
    $392,192
    From this org
    $0
    From related orgs
    $347,559
    Other
    $44,633
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $269,288 related
    Bonus
    $0 + $76,626 related
    Other
    $0 + $1,645 related
    Deferred
    $0 + $13,691 related
    Nontaxable benefits
    $0 + $30,942 related
    Filer's total
    $0 + $392,192 related

  • TYLER WILTGEN

    EXECUTIVE DIR FOUNDATION

    Total calculated
    $259,521
    From this org
    $0
    From related orgs
    $199,385
    Other
    $60,136
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $181,542 related
    Bonus
    $0 + $16,882 related
    Other
    $0 + $961 related
    Deferred
    $0 + $28,428 related
    Nontaxable benefits
    $0 + $31,708 related
    Filer's total
    $0 + $259,521 related

  • BARRY MCKENZIE MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEN BENNETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KELLY EDWARDS

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • LINDY SCHULTZ

    VICE CHAIR (PARTIAL)

    Total calculated
    $0
    Hours/week
    1

  • LIONEL TAPIA MD

    VICE CHAIR (PARTIAL)

    Total calculated
    $0
    Hours/week
    1

  • LYNETTE SCOTT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SCOTT ASPENLIEDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATIE EDWARDS

    DIRECTOR

    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

  • 4b · Supplemental nonqualified retirement plan

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

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION'S OFFICERS AND SENIOR MANAGEMENT ARE PAID BY A RELATED ORGANIZATION, SCL HEALTH - MONTANA. COMPENSATION FOR THE OFFICERS AND SENIOR MANAGEMENT IS MANAGED BY THE INTERMOUNTAIN HEALTH CARE, INC. BOARD COMPENSATION COMMITTEE (COMMITTEE) ON BEHALF OF SISTERS OF CHARITY OF LEAVENWORTH HEALTHY SYSYTEM, INC. AND ALL OF ITS AFFILIATES. THE COMMITTEE REVIEWS AND APPROVES COMPENSATION ARRANGEMENTS OF THE OFFICERS AND SENIOR MANAGEMENT AND MAKES RECOMMENDATIONS TO INTERMOUNTAIN HEALTH CARE, INC.'S BOARD FOR APPROVAL OF ANY CHANGES. THE COMMITTEE'S REVIEW IS CONDUCTED IN A MANNER THAT IS INTENDED TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE INTERMEDIATE SANCTIONS RULES OF INTERNAL REVENUE CODE SECTION 4958. THE COMMITTEE CONDUCTS THE REVIEW WITH THE ASSISTANCE OF AN EXPERIENCED AND INDEPENDENT COMPENSATION CONSULTING FIRM THAT HAS DEEP NATIONAL EXPERTISE IN HEALTH SYSTEMS' EXECUTIVE COMPENSATION PROGRAMS AND LEVELS. THE COMMITTEE OBTAINS AND RELIES UPON CURRENT, COMPARABLE MARKET DATA OF PEER ORGANIZATIONS PRIOR TO MAKING COMPENSATION-RELATED DECISIONS. THE INFORMATION REVIEWED INCLUDES COMPENSATION LEVELS PAID BY SIMILARLY SITUATED ORGANIZATIONS FOR FUNCTIONALLY COMPARABLE POSITIONS, THE AVAILABILITY OF SIMILAR SERVICES IN THE GEOGRAPHIC AREA SERVED BY INTERMOUNTAIN HEALTH CARE, INC. AND CURRENT COMPENSATION SURVEYS COMPILED BY AN INDEPENDENT FIRM. THE BOARD PLACES A HIGH PRIORITY ON THE NEED TO RECURIT AND RETAIN A STRONG LEADERSHIP TEAM AND TO CREATE A HIGHLY MOTIVATED AND ENGAGED WORKFORCE. COMPENSATION LEVELS FOLLOW IRS GUIDELINES AND ARE SUBJECT TO IRS OVERSIGHT. AS PART OF THE REVIEW PROCESS, INTERMOUNTAIN HEALTH CARE, INC. USES THE FOLLOWING IN ESTABLISHING THE COMPENSATION OF OFFICERS AND SENIOR MANAGEMENT. 1) COMPENSATION COMMITTEE 2) INDEPENDENT COMPENSATION CONSULTANT 3) FORM 990 OF OTHER ORGANIZATIONS 4) COMPENSATION SURVEYS AND STUDIES 5) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE THE ITEMS LISTED ABOVE SUPPORT THE COMPENSATION COMMITTEE'S EFFORTS TO ENSURE THAT THE LEVEL OF COMPENSATION PROVIDED TO ITS OFFICERS AND SENIOR MANAGEMENT IS REASONABLE, APPROPRIATE AND CONSISTENT WITH THE PAY PHILOSOPHY SET BY THE BOARD.
PART I, LINE 4B
PAYMENTS FROM A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN A RELATED ORGANIZATION PROVIDES A NONQUALIFIED DEFERRED COMPENSATION PLAN (NQDC) KNOWN AS THE SUPPLEMENTAL EXECUTIVE RETIREMENT PROGRAM (SERP) FOR EXECUTIVES (SENIOR MANAGEMENT) TO COMPENSATE FOR REGULATORY IMPOSED LIMITATIONS IN QUALIFIED RETIREMENT PLANS AND TO PROVIDE A BENEFIT CONSISTENT WITH OTHER NONPROFIT HEALTH SYSTEMS. THIS PLAN ENABLES THE EXECUTIVE TO EARN BENEFITS DURING EACH YEAR OF PARTICIPATION. IN 2014, IN AN EFFORT TO REDUCE LONG-TERM COSTS AND HAVE GREATER CONTROL OVER FINANCIAL RISK, THE SERP WAS CONVERTED FROM A DEFINED BENEFIT (DB) TO A DEFINED CONTRIBUTION (DC) DESIGN. CERTAIN MEMBERS OF SENIOR MANAGEMENT WHOSE BENEFITS WERE CONVERTED FROM DB TO DC WOULD HAVE BEEN DISPROPORTIONATELY AND NEGATIVELY AFFECTED BY THE CHANGE, SO THE COMMITTEE DETERMINED IT WOULD BE APPROPRIATE TO GRANT "TRANSITION CREDITS" IN ORDER TO MITIGATE THE NEGATIVE IMPACT OF THE CHANGE ON THEIR RETIREMENT BENEFITS. THIS IS A COMMON APPROACH EMPLOYED BY OTHER ORGANIZATIONS UNDERGOING A SIMILAR TRANSITION. THE TRANSITION CREDITS VEST IN ACCORDANCE WITH THE TERMS OF THE DC SERP (I.E., AFTER THREE YEARS) AND ARE PAID TO THE EXECUTIVE UPON VESTING. NQDC SERP PLAN STARTING IN 2014 STARTING IN 2014, THE RELATED ORGANIZATION'S NQDC SERP PLAN PROVIDED A BENEFIT TO ELIGIBLE PARTICIPANTS BASED ON A PERCENTAGE OF THEIR BASE COMPENSATION. THE VESTING PERIOD IS A ROLLING 3 YEARS OR WHEN THE PARTICIPANT IS AGE 65 OR OLDER. THERE WERE NO CONTRIBUTIONS TO THIS PLAN BEFORE JANUARY 1, 2014. ANY DISTRIBUTIONS FROM THIS PLAN ARE REPORTED BELOW. CERTAIN PARTICIPANTS ARE VESTED OR BECAME VESTED IN THE PLAN DURING 2023. VESTED AMOUNTS ARE PAYABLE TO THE RECIPIENT UPON THE END OF EMPLOYMENT. THE VESTED AMOUNTS ARE TAXABLE TO THE RECIPIENT IN THE CURRENT YEAR. THE TAXABLE AMOUNTS ARE INCLUDED ON THE PARTICIPANTS' W-2. THE AMOUNTS WITHDRAWN FROM THE NQDC SERP PLANS IN 2023 WERE: NONE.
ADDITIONAL OFFICER AND BOARD DISCLOSURES
INTERMOUNTAIN HEALTH CARE, INC. AND RELATED TAX-EXEMPT ORGANIZATIONS ADHERE TO GOVERNANCE EXCELLENCE STANDARDS INCLUDING ACCOUNTABILITY. IN KEEPING WITH INTERMOUNTAIN HEALTH CARE, INC.'S CORE VALUE OF STEWARDSHIP, INTERMOUNTAIN HEALTH CARE, INC.'S BOARD COMPENSATION COMMITTEE (COMMITTEE) HAS RETAINED THE SERVICES OF AN INDEPENDENT COMPENSATION ADVISOR. THE COMPENSATION ADVISOR IS RESPONSIBLE FOR ADVISING THE COMMITTEE ON ALL MATTERS RELATING TO EXECUTIVE COMPENSATION INCLUDING SUPPORTING THE COMMITTEE'S EFFORTS TO ENSURE THAT THE LEVEL OF COMPENSATION PROVIDED OFFICERS AND SENIOR MANAGEMENT IS REASONABLE, APPROPRIATE AND CONSISTENT WITH THE PAY PHILOSOPHY SET BY THE BOARD. THE SISTERS WHO SERVE AS OFFICERS AND/OR BOARD MEMBERS ARE MEMBERS OF THE SISTERS OF CHARITY OF LEAVENWORTH (A RELIGIOUS ORDER OF WOMEN). THE SISTERS HAVE TAKEN VOWS OF POVERTY AND RECEIVE NO COMPENSATION, EXPENSE ACCOUNT ALLOWANCE, OR CONTRIBUTIONS TO BENEFIT PLANS FOR THEIR SERVICES TO THE HEALTH SYSTEM. HOWEVER, A PAYMENT IS MADE DIRECTLY TO THE SISTERS OF CHARITY OF LEAVENWORTH FOR THE SERVICES OF THOSE WHO PERFORM PROFESSIONAL, ADMINISTRATIVE, AND OTHER SUCH SERVICES.

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202403129349302020

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