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Nonprofiteer
← THOREK MEMORIAL HOSPITAL

Form 990 for tax year 2024

Filed by THOREK MEMORIAL HOSPITAL.

Totals

Total revenue
$160,965,453
Total expenses
$114,001,255
Contributions and grants received
$2,000,000
Grants paid
$3,500
Program service revenue
$129,008,553
Investment income
$28,627,082
Other revenue
$1,329,818
Total assets, end of year
$704,840,098
Total liabilities, end of year
$22,462,398
Net assets or fund balances, end of year
$682,377,700
Program services expenses (Part IX)
$96,554,108
Management and general expenses
$17,447,147
Fundraising expenses
$0
Program service expenses (Part III)
$96,554,108

Program services were 84.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • BHAGWAN JAIN MD

    SECRETARY, TRUSTEE & MEDICAL STAFF PRESIDENT

    Total calculated
    $35,000
    From this org
    $35,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • BONNIE PHIPPS

    TREASURER

    Total calculated
    $35,000
    From this org
    $35,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • JAMES NUGENT

    VICE CHAIR

    Total calculated
    $37,500
    From this org
    $37,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • PETER KAMBEROS

    CHAIRMAN & COO

    Total calculated
    $643,042
    From this org
    $642,015
    From related orgs
    $0
    Other
    $1,027
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $547,479
    Bonus
    $94,536
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,027
    Filer's total
    $643,042

  • MANJEET CHAWLA MD

    TRUSTEE & PHYSICIAN

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • ROBERT BAUDINO

    TRUSTEE

    Total calculated
    $35,000
    From this org
    $35,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • EDWARD BUDD

    PRESIDENT/CEO

    Total calculated
    $666,624
    From this org
    $646,068
    From related orgs
    $0
    Other
    $20,556
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $535,207
    Bonus
    $110,861
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $20,556
    Filer's total
    $666,624

  • TIM HEINRICH

    CFO

    Total calculated
    $482,307
    From this org
    $461,751
    From related orgs
    $0
    Other
    $20,556
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $381,965
    Bonus
    $79,786
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $20,556
    Filer's total
    $482,307

  • GENEVIEVE PRESBITERO

    CHIEF NURSING OFFICER & MARKETING OUTREACH OFFICER

    Total calculated
    $410,727
    From this org
    $402,309
    From related orgs
    $0
    Other
    $8,418
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $333,963
    Bonus
    $68,346
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,418
    Filer's total
    $410,727

  • ANDREW ALBERT MD

    PHYSICIAN

    Total calculated
    $355,648
    From this org
    $355,648
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $355,648
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $355,648

  • JOHN HUNNIFORD MD

    PHYSICIAN

    Total calculated
    $469,788
    From this org
    $461,370
    From related orgs
    $0
    Other
    $8,418
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $332,285
    Bonus
    $129,085
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,418
    Filer's total
    $469,788

  • KENNETH CANDIDO MD

    PHYSICIAN

    Total calculated
    $435,198
    From this org
    $415,669
    From related orgs
    $0
    Other
    $19,529
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $390,567
    Bonus
    $25,102
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $19,529
    Filer's total
    $435,198

  • STEVEN SCLAMBERG MD

    PHYSICIAN

    Total calculated
    $799,074
    From this org
    $778,518
    From related orgs
    $0
    Other
    $20,556
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $693,018
    Bonus
    $85,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $20,556
    Filer's total
    $799,074

  • YVES PIVERGER MD

    PHYSICIAN

    Total calculated
    $380,603
    From this org
    $360,047
    From related orgs
    $0
    Other
    $20,556
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $360,047
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $20,556
    Filer's total
    $380,603

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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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, Line 7 Non-fixed payments
AS INDICATED IN SCHEDULE J, PART II, CERTAIN OFFICERS AND HIGHEST COMPENSATED EMPLOYEES OF THE ORGANIZATION RECEIVED A BONUS BASED ON PERFORMANCE GOALS AND THE FINANCIAL RESULTS OF THE ORGANIZATION. The compensation committee reviewed and recommended the bonus amounts to the Board of Directors. After review, the Board of Directors approved the bonuses.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
9 April 2026
IRS schema version
2024v5.1
Source object
202620999349301007

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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