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Nonprofiteer
← BEACON HEALTH SYSTEM INC

Form 990 for tax year 2024

Filed by BEACON HEALTH SYSTEM INC.

Totals

Total revenue
$302,384,065
Total expenses
$206,501,643
Contributions and grants received
$827,497
Grants paid
$666,515
Program service revenue
$184,057,264
Investment income
$99,817,465
Other revenue
$17,681,839
Total assets, end of year
$1,264,400,583
Total liabilities, end of year
$103,509,412
Net assets or fund balances, end of year
$1,160,891,171
Program services expenses (Part IX)
$205,698,414
Management and general expenses
$803,229
Fundraising expenses
$0
Program service expenses (Part III)
$205,698,414

Program services were 99.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • George Larsen Kneller MD

    Director

    Total calculated
    $321,499
    From this org
    $0
    From related orgs
    $267,143
    Other
    $54,356
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $242,414 related
    Bonus
    $0 + $24,529 related
    Other
    $0 + $200 related
    Deferred
    $0 + $32,952 related
    Nontaxable benefits
    $0 + $21,404 related
    Filer's total
    $0 + $321,499 related

  • Thomas Burish PhD

    Chair thru 8/24, Director

    Total calculated
    $2,118
    From this org
    $2,118
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • John Martin

    Chair

    Total calculated
    $1,766
    From this org
    $1,766
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Julia Willis

    Vice Chair

    Total calculated
    $1,849
    From this org
    $1,849
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Tim Shelly

    Secretary

    Total calculated
    $1,710
    From this org
    $1,710
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Gene Grove

    Director

    Total calculated
    $1,220
    From this org
    $1,220
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Levon Johnson

    Director

    Total calculated
    $1,220
    From this org
    $1,220
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • James F Keenan JD

    Director

    Total calculated
    $1,220
    From this org
    $1,220
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Samir Patel MD

    Director

    Total calculated
    $1,220
    From this org
    $1,220
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2 related

  • Amish Shah

    Director

    Total calculated
    $1,220
    From this org
    $1,220
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Tom Cassady Jr

    Treasurer

    Total calculated
    $200
    From this org
    $200
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Daniel Adams

    Director

    Total calculated
    $200
    From this org
    $200
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2 related

  • Peter Baranay

    Director

    Total calculated
    $200
    From this org
    $200
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2 related

  • Karen Barnett

    Director

    Total calculated
    $200
    From this org
    $200
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • James Dan MD

    Director thru 5/24

    Total calculated
    $0
    Hours/week
    2

  • Kreg R Gruber

    CEO

    Total calculated
    $2,136,422
    From this org
    $1,848,714
    From related orgs
    $0
    Other
    $287,708
    Hours/week
    40 + 12 related

    Schedule J breakdown matched by us

    Base
    $1,081,233
    Bonus
    $557,131
    Other
    $210,350
    Deferred
    $259,693
    Nontaxable benefits
    $28,015
    Filer's total
    $2,136,422

  • Jeffrey P Costello

    CFO

    Total calculated
    $1,266,210
    From this org
    $1,077,612
    From related orgs
    $0
    Other
    $188,598
    Hours/week
    40 + 12 related

    Schedule J breakdown matched by us

    Base
    $626,239
    Bonus
    $261,724
    Other
    $189,649
    Deferred
    $166,583
    Nontaxable benefits
    $22,015
    Filer's total
    $1,266,210

  • Haysam M Eldalati MD

    Chief Clinical Officer

    Total calculated
    $1,082,118
    From this org
    $924,034
    From related orgs
    $0
    Other
    $158,084
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $594,485
    Bonus
    $237,929
    Other
    $91,620
    Deferred
    $153,905
    Nontaxable benefits
    $4,179
    Filer's total
    $1,082,118

  • Diane M Maas

    Chief Bus Dev & Plan Officer

    Total calculated
    $889,453
    From this org
    $729,756
    From related orgs
    $0
    Other
    $159,697
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $464,164
    Bonus
    $189,202
    Other
    $76,390
    Deferred
    $131,682
    Nontaxable benefits
    $28,015
    Filer's total
    $889,453

  • Mark A Warlick

    Chief Information Officer thru 5/24

    Total calculated
    $921,345
    From this org
    $662,810
    From related orgs
    $0
    Other
    $258,535
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,475
    Bonus
    $169,282
    Other
    $344,053
    Deferred
    $227,199
    Nontaxable benefits
    $31,336
    Filer's total
    $921,345

  • Scott M Eshowsky

    Medical Information Officer

    Total calculated
    $629,971
    From this org
    $551,086
    From related orgs
    $0
    Other
    $78,885
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $431,503
    Bonus
    $117,588
    Other
    $1,995
    Deferred
    $44,300
    Nontaxable benefits
    $34,585
    Filer's total
    $629,971

  • Mario C Ellis

    Chief Human Resource Officer

    Total calculated
    $635,467
    From this org
    $507,849
    From related orgs
    $0
    Other
    $127,618
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $366,896
    Bonus
    $128,147
    Other
    $12,806
    Deferred
    $110,102
    Nontaxable benefits
    $17,516
    Filer's total
    $635,467

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 · Travel for companions
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Approval by the board or compensation committee
  • 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)

Part I, Line 1a
Complimentary health club membership with Beacon Health System's health and lifestyle center is offered to directors. Beacon Health System, Inc. reimburses directors for the tax effect of the 1099 reportable benefits for spousal travel. Beacon Health System also reimburses for direct expenses related to any travel on the organization's behalf. Spousal travel for the following individuals was included in taxable compensation: Kreg Gruber, Thomas Burish, John Martin, Julia Willis and Tim Shelly. Health or social club dues for the following individuals was included in taxable compensation: Samir Patel, Amish Shah, James Keenan, Thomas Burish, John Martin, Gene Grove, Julia Willis, Tim Shelly, and Levon Johnson.
Part I, Line 3
The Beacon Health System, Inc. compensation review process includes an extensive examination using comparable market data that is then reviewed by an independent consultant hired by, and reported to, the board of directors. Recommendations are presented to the board for deliberation and final decision.
Part I, Lines 4a-b
The following individual received a severance payment in 2024: Mark Warlick, $213,382 Beacon Health System implemented an executive retention plan to attract and retain key employees by providing additional deferred compensation. The Chief Executive Officer will participate in the plan and will select other participants pursuant to the guidelines set by the employer's board of directors. The employer may make contributions under the plan and has sole discretion over whether to make a contribution. Vesting occurs on January 1 of the fifth year for which such contributions are made for participants who have been continuously employed. The plan also allows vesting to occur if the participant attains the age of 62. The following individual received vested payments in 2024, reflected in column (b)(iii): Kreg Gruber, $198,816 Jeffrey Costello, $130,545 Diane Maas, $63,296 Mark Warlick, $77,372 Haysam Eldalati, $72,405 The following individuals received deferred payments in 2024 that will vest in future years, which are reflected in column c: Kreg Gruber, $215,393 Jeffrey Costello, $122,283 Mario Ellis, $65,802 Diane Maas, $87,382 Haysam Eldalati, $109,605
Part I, Line 7
The Organization has three incentive plans (employee, management, and executive) which have a net operating income to budget measurement for the payout threshold. The employee plan shares the excess over budget net operating income with the non-management employees for Beacon Health System, Inc. and the affiliated entities. The employee incentive has a maximum cap of $4,500,000. The payout and amount of the payout for the employee incentive plan is made at the discretion of the board. The management incentive plan is funded when operating income is equal to or greater than 50% of the budgeted net operating income. Reward amounts are based on a balanced score card methodology utilizing Beacon's strategic imperatives and measured using selected metrics set on a sliding scale defined as threshold 50%, target 100%, and maximum 150%. The strategic imperatives are clinical excellence, great workplace, customer-driven culture, smart growth, and financial sustainability. Each imperative carries a default weight of 20%. The payout of the management incentive is made at the discretion of the board. Executives are covered under the Beacon Health System Executive Short-Term Incentive Plan (ESTIP). The ESTIP is funded when operating income is equal to or greater than 50% of the budgeted net operating income. Reward amounts are based on a balanced score card methodology utilizing Beacon's strategic imperatives and measured using selected metrics set on a sliding scale defined as threshold 50%, target 100%, and maximum 150%. The strategic imperatives are clinical excellence, great workplace, customer-driven culture, smart growth, and financial sustainability. Each imperative carries a default weight of 20%. The payout of the ESTIP is made at the discretion of the board.

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.

  • Beacon Occupational Health

    Medical Center · IN · income $6,250,000 · assets $2,207,000

    Directly controlled by Beacon Health System Inc

  • CHA ACO LLC

    ACO · IN · income $4,872,000 · assets $14,000

    Directly controlled by Beacon Health System Inc

  • Beacon Health LLC

    Medical Services · IN · income $6,266,000 · assets $3,045,000

    Directly controlled by Beacon Health System Inc

  • BPL Acquisitions LLC

    Real Estate · IN · income $0 · assets $0

    Directly controlled by Beacon Health System Inc

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.

  • Beacon Health Ventures Inc

    C · Home Medical · IN · 100% owned · share of income $2,197,010 · share of assets $32,599,672 · controlled entity

    Directly controlled by Beacon Health System Inc

  • Beacon Health Ventures Michigan Inc

    C · Home Medical · MI · 100% owned · share of assets $310,051 · controlled entity

    Directly controlled by Beacon Health System Inc

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202533189349305928

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