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Nonprofiteer
← WALKER SENIOR HOUSING CORPORATION III

Form 990 for tax year 2022

Filed by WALKER SENIOR HOUSING CORPORATION III.

Totals

Total revenue
$3,250,660
Total expenses
$2,768,607
Contributions and grants received
$4,044
Grants paid
$0
Program services expenses (Part IX)
$2,215,022
Management and general expenses
$553,585
Fundraising expenses
$0
Program service expenses (Part III)
$2,215,022

Program services were 80.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • SCOTT RIDDLE

    PRESIDENT/CEO

    Total calculated
    $530,049
    From this org
    $0
    From related orgs
    $508,173
    Other
    $21,876
    Hours/week
    4.2 + 45.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $396,142 related
    Bonus
    $0 + $100,468 related
    Other
    $0 + $11,563 related
    Deferred
    $0 + $6,136 related
    Nontaxable benefits
    $0 + $15,740 related
    Filer's total
    $0 + $530,049 related

  • PHIL HANSON

    CHAIR

    Total calculated
    $0
    Hours/week
    0.02 + 0.23 related

  • MICHAEL FINN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.03 + 0.22 related

  • LYNN SWON

    TREASURER

    Total calculated
    $0
    Hours/week
    0.03 + 0.22 related

  • FRED SEMMER

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.03 + 0.22 related

  • BOB HAKES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.03 + 0.22 related

  • CAROL CRAFT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.03 + 0.22 related

  • JIM BALLENTINE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.03 + 0.22 related

  • KATE LEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.03 + 0.22 related

  • SCOTT REDDEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.03 + 0.22 related

  • SUE BERGSTROM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.03 + 0.22 related

  • JON TYNJALA

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.03 + 0.22 related

  • BRUCE DREBLOW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.03 + 0.22 related

  • GAYLEN HARMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.03 + 0.22 related

  • PAT ROBERTSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.03 + 0.22 related

  • SARAH WANDSCHNEIDER

    CHIEF HR OFFICER

    Total calculated
    $211,892
    From this org
    $0
    From related orgs
    $195,351
    Other
    $16,541
    Hours/week
    4.2 + 45.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $150,450 related
    Bonus
    $0 + $39,223 related
    Other
    $0 + $5,678 related
    Deferred
    $0 + $2,560 related
    Nontaxable benefits
    $0 + $13,981 related
    Filer's total
    $0 + $211,892 related

  • RUSS GRUNDHAUSER

    CFO

    Total calculated
    $320,022
    From this org
    $0
    From related orgs
    $289,742
    Other
    $30,280
    Hours/week
    4.2 + 45.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $224,673 related
    Bonus
    $0 + $47,954 related
    Other
    $0 + $17,115 related
    Deferred
    $0 + $5,904 related
    Nontaxable benefits
    $0 + $24,376 related
    Filer's total
    $0 + $320,022 related

  • ANNELIESE PETERSON

    CHIEF OPERATIONS OFFICER

    Total calculated
    $339,308
    From this org
    $0
    From related orgs
    $309,632
    Other
    $29,676
    Hours/week
    4.2 + 45.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,567 related
    Bonus
    $0 + $46,960 related
    Other
    $0 + $55,105 related
    Deferred
    $0 + $6,349 related
    Nontaxable benefits
    $0 + $23,327 related
    Filer's total
    $0 + $339,308 related

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 — 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

  • 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

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION RELIED ON WALKER SENIOR SERVICES, INC., A RELATED ORGANIZATION, WHEN SETTING REASONABLE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER. WALKER SENIOR SERVICES, INC. RELIED UPON WRITTEN EMPLOYMENT CONTRACTS, COMPENSATION SURVEYS OR STUDIES AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 5
WALKER SENIOR HOUSING CORPORATION III'S PARENT, WALKER METHODIST, HAS AN INCENTIVE PLAN FOR THE OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION. THE FOLLOWING IS A COPY OF THE PLAN DESCRIPTION FROM WALKER METHODIST'S 2022 FORM 990: PURPOSE: THE PURPOSE OF THE PLAN IS TO PROVIDE INCENTIVE COMPENSATION TO ITS MANAGEMENT AND PROFESSIONAL STAFF WHO MAKE SIGNIFICANT CONTRIBUTIONS TO THE ACHIEVEMENT OF BUDGETED FINANCIAL AND STRATEGIC GOALS AS ESTABLISHED BY WALKER METHODIST, INC. ELIGIBILITY: ELIGIBILITY FOR THE PLAN IS LIMITED TO REGULAR MANAGEMENT EMPLOYEES WHO RETAIN THE JOB TITLE OF CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER, CHIEF ADMINISTRATIVE OFFICER, VICE PRESIDENT OF OPERATIONS, VICE PRESIDENT OF HUMAN RESOURCES, EXECUTIVE DIRECTORS, DIRECTORS, CONTROLLER, DIRECTORS OF HOUSING, DIRECTOR OF SPIRITUAL CARE, CORPORATE DIRECTORS OF HUMAN RESOURCES AND EDUCATION, AND DEPARTMENT HEADS. OTHER KEY EMPLOYEES MAY BE INCLUDED IN THE PLAN AS APPROVED BY THE CHIEF EXECUTIVE OFFICER. FOR 2022, THE CHIEF EXECUTIVE OFFICER HAS APPROVED INCLUSION OF CORPORATE MANAGERS AND NURSE MANAGERS. IN ORDER TO PARTICIPATE IN THE PLAN FOR A PARTICULAR PLAN YEAR, EMPLOYEES, WHO ARE NEWLY HIRED OR PROMOTED TO AN ELIGIBLE POSITION, MUST BE EMPLOYED IN THE POSITION BY JUNE 30TH OF THAT PLAN YEAR. PLAN GOALS: THE CHIEF EXECUTIVE OFFICER HAS APPROVED THE INCLUSION OF DEPARTMENT HEADS, CORPORATE MANAGERS, AND NURSE MANAGERS IN THE PLAN. DEPARTMENT HEADS, CORPORATE MANAGERS, AND NURSE MANAGERS HAD ONLY ONE GOAL AROUND THEIR RESPECTIVE COMMUNITY'S BUDGETED OPERATING EBITDA. IN ADDITION TO MEETING THE FINANCIAL PLAN GOAL, THEY MUST HAVE BEEN CONTRIBUTING MEANINGFULLY TO THE ADVANCEMENT OF WALKER'S MISSION TO ENHANCE THE LIVES OF OLDER ADULTS THROUGH A CULTURE OF CARE, RESPECT AND SERVICE, AND HAVE OVERALL PERFORMANCE IN LINE WITH WALKER'S VALUES OF RESPECT, IMAGINATION AND COLLABORATION. IF THEIR COMMUNITY ACHIEVED AN OPERATING EBITDA GREATER THAN THE THRESHOLD LEVEL, THEY EARNED A PLAN PAYMENT OF $500. IF THEIR RESPECTIVE COMMUNITY ACHIEVED AN OPERATING EBITDA THAT IS GREATER THAN TARGET BY 3% OR MORE, THEY EARNED A PLAN PAYMENT OF $1,000. EACH DEPARTMENT HEAD, CORPORATE MANAGER, OR NURSE MANAGER WAS ELIGIBLE FOR ONLY ONE OF THE TWO PAYMENTS DESCRIBED ABOVE; PAYMENTS WERE NOT CUMULATIVE. FOR 2022, PLAN PAYMENTS TO ALL OTHER ELIGIBLE EMPLOYEES IDENTIFIED IN THE PLAN WERE EARNED BASED ON ACHIEVING AN ACTUAL EBITDA OF THE PLAN YEAR THAT FALLS WITHIN RANGE OF 93.0% - 115.0% OF BUDGETED OPERATING EBITDA. CORPORATE STAFF PARTICIPANTS HAD ONLY ONE GOAL AROUND WALKER'S BUDGETED OPERATING EBITDA. LOCATION PARTICIPANTS HAD TWO GOALS, WITH 70.0% BASED ON COMMUNITY'S BUDGETED OPERATING EBITDA ACHIEVEMENT AND 30.0% ON CONSOLIDATED ACHIEVEMENT. BOTH THE COMMUNITY AND THE CONSOLIDATED THRESHOLDS MUST HAVE BEEN MET IN ORDER FOR THE LOCATION PARTICIPANTS TO RECEIVE ANY PAYMENT UNDER THIS PLAN, EXCEPT AS OTHERWISE EXPLICITLY SET FORTH IN THE PLAN AGREEMENT. IF A COMMUNITY ACHIEVED OPERATING EBITDA GREATER THAN THE THRESHOLD LEVEL AND WALKER ACHIEVED AN OPERATING EBITDA OF THRESHOLD LEVEL OR GREATER, AFTER TAKING INTO CONSIDERATION THE INCENTIVE PLAN EXPENSES, THE LOCATION PARTICIPANTS EARNED THE VARIABLE PAYOUT AS CALCULATED UNDER THE PLAN. IF A COMMUNITY ACHIEVED AN OPERATING EBITDA OF THRESHOLD LEVEL OR GREATER AND WALKER DID NOT MEET THE THRESHOLD LEVEL, THE DIRECTOR OF THE COMMUNITY RECEIVED 50% OF THE PORTION OF THE ELIGIBLE VARIABLE PAYOUT ATTRIBUTABLE TO THE COMMUNITY'S BUDGETED OPERATING EBITDA ACHIEVEMENT (50% OF THE 70%). WALKER RESERVES THE RIGHT TO CHANGE THE EBITDA TO REFLECT CHANGES IN THE CURRENT BUSINESS PORTFOLIO. CHANGES ARE COMMUNICATED TO PARTICIPANTS.
PART I, LINE 6
SEE THE NARRATIVE IN SCHEDULE J, PART III, RELATED TO PART I, LINE 5. THE BONUSES ARE BASED ON EBITDA (EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION), WHICH IS CLOSELY RELATED TO BOTH REVENUES AND NET EARNINGS.

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
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202323129349301042

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

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