Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $500

• 1d · Related organizations

  $500,000

• 1e · Government grants (contributions)

  $27,533

• 1f · All other contributions, gifts and grants

  $1,514,217

• 1g · Noncash contributions included above

  $81,118

• 2a · Program service revenue: DAY TREATMENT/EDUCATIO

  total $2,899,027 · related or exempt $2,899,027

• 2b · Program service revenue: FOSTER CARE/IN-HOME TH

  total $1,449,323 · related or exempt $1,449,323

• 3 · Investment income

  total $361,157 · excluded $361,157

• 6a · Gross rents

  real property $10,457

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $10,457

• 6d · Net rental income or loss

  total $10,457 · excluded $10,457

• 7a · Gross sales of assets other than inventory

  securities $3,576,330 · other assets $657,043

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

  securities $0 · other assets $133,540

• 7c · Gain or loss

  securities $3,576,330 · other assets $523,503

• 7d · Net gain or loss

  total $4,099,833 · excluded $4,099,833

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $438,961 · program services $388,455 · management and general $34,551 · fundraising $15,955

• 7 · Other salaries and wages

  total $4,558,925 · program services $4,034,379 · management and general $358,841 · fundraising $165,705

• 8 · Pension plan contributions

  total $192,762 · program services $171,932 · management and general $14,181 · fundraising $6,649

• 9 · Other employee benefits

  total $298,037 · program services $265,831 · management and general $21,926 · fundraising $10,280

• 10 · Payroll taxes

  total $377,627 · program services $336,819 · management and general $27,782 · fundraising $13,026

• 11c · Fees: accounting

  total $21,225 · program services $19,817 · management and general $893 · fundraising $515

• 11d · Fees: lobbying

  total $1,238 · management and general $1,238

• 11f · Fees: investment management

  total $31,060 · management and general $31,060

• 11g · Fees: other

  total $72,109 · program services $67,324 · management and general $3,035 · fundraising $1,750

• 12 · Advertising and promotion

  total $14,226 · program services $13,282 · management and general $599 · fundraising $345

• 13 · Office expenses

  total $35,489 · program services $33,862 · management and general $1,212 · fundraising $415

• 14 · Information technology

  total $43,034 · program services $41,061 · management and general $1,470 · fundraising $503

• 16 · Occupancy

  total $158,550 · program services $151,282 · management and general $5,415 · fundraising $1,853

• 17 · Travel

  total $27,509 · program services $26,247 · management and general $940 · fundraising $322

• 19 · Conferences, conventions and meetings

  total $85,104 · program services $81,202 · management and general $2,907 · fundraising $995

• 22 · Depreciation, depletion and amortization

  total $484,487 · program services $455,479 · management and general $19,027 · fundraising $9,981

• 24a · Other expenses: FOSTER FAMILY STIPENDS

  total $419,388 · program services $397,227 · management and general $13,514 · fundraising $8,647

• 24b · Other expenses: PROGRAM FOOD

  total $98,769 · program services $93,550 · management and general $3,183 · fundraising $2,036

• 24c · Other expenses: REPAIRS & MAINTENANCE

  total $79,579 · program services $75,374 · management and general $2,564 · fundraising $1,641

• 24d · Other expenses: HOUSEKEEPING

  total $63,558 · program services $60,200 · management and general $2,048 · fundraising $1,310

• 24e · All other expenses

  total $187,081 · program services $187,081

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $43,252 · end of year $58,905

• 4 · Accounts receivable

  beginning of year $379,851 · end of year $413,560

• 9 · Prepaid expenses and deferred charges

  beginning of year $51,340 · end of year $175,499

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

  $23,816,139

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

  $1,253,245

• 10c · Land, buildings and equipment, net

  beginning of year $22,722,940 · end of year $22,562,894

• 11 · Investments: publicly traded securities

  beginning of year $17,287,618 · end of year $0

• 12 · Investments: other securities

  end of year $18,898,433

• 17 · Accounts payable and accrued expenses

  beginning of year $468,529 · end of year $31,139

• 25 · Other liabilities

  beginning of year $4,430,532 · end of year $5,640,038

• 27 · Net assets without donor restrictions

  beginning of year $34,869,953 · end of year $35,880,461

• 28 · Net assets with donor restrictions

  beginning of year $715,987 · end of year $557,653

The filer's explanations (Part III)

PART I, LINE 3

THE FILING ORGANIZATION IS AN AFFILIATE OF INTERMOUNTAIN HEALTH, AN INTEGRATED HEALTH SYSTEM THAT IS NATIONALLY RECOGNIZED FOR PROVIDING QUALITY MEDICAL CARE THAT RANKS AMONG THE HIGHEST IN THE NATION WITH CHARGES THAT ARE AMONG THE LOWEST IN THE NATION. INTERMOUNTAIN HEALTH'S POLICY IS TO COMPENSATE ITS EMPLOYEES, INCLUDING SENIOR MANAGEMENT, AT MARKET COMPETITIVE RATES. THE ORGANIZATION'S OFFICERS AND SENIOR MANAGEMENT ARE PAID BY MOUNT ST. VINCENT HOME, INC. 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 COMPENSATION COMMITTEE OF THE BOARD OF INTERMOUNTAIN HEALTH CARE, INC. (PARENT ORGANIZATION) RETAINS OUTSIDE CONSULTANTS TO PROVIDE OBJECTIVE DATA ON COMPENSATION LEVELS AND PRACTICES. THE COMMITTEE ANNUALLY ANALYZES THIS DATA AND MAKES COMPENSATION DECISIONS, WHICH ARE REVIEWED BY THE FULL BOARD OF TRUSTEES. 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 TO BECOME A TOP-TIER INTEGRATED HEALTHCARE DELIVERY SYSTEM. COMPENSATION LEVELS FOLLOW IRS GUIDELINES AND ARE SUBJECT TO IRS OVERSIGHT. A PORTION OF THE COMPENSATION REPORTED ON THIS FORM REFLECTS DEFERRED AMOUNTS THAT ARE NOT VESTED, ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE, AND MAY OR MAY NOT BE PAID IN THE FUTURE. THE REPORTABLE COMPENSATION ON SCHEDULE J INCLUDES CERTAIN AMOUNTS THAT HAVE BEEN OR WILL BE REPORTED TWICE, BOTH IN THE YEAR ACCRUED AND AGAIN IN THE YEAR PAID, AS REQUIRED IN THE REPORTING SCHEDULE INSTRUCTIONS.

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 2024. VESTED AMOUNTS ARE PAYABLE TO THE RECIPIENT UPON THE END OF EMPLOYMENT. WHEN THE AMOUNTS BECOME TAXABLE THEY ARE INCLUDED ON THE PARTICIPANTS' W-2 THE AMOUNTS WITHDRAWN FROM THE NQDC SERP PLANS IN 2024 WERE: N/A.

SCHEDULE J - ADDITIONAL OFFICER AND BOARD DISCLOSURES

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• SCLH-GI ENDOSCOPY HOLDINGS LLC

  OUTPATIENT ENDOSCOPY · CO

• SCLTDI JV LLC

  RADIOLOGY · DE

• ATHLETIC MEDICINE & PERFORMANCE LLC

  PHYSICAL THERAPY · MT

• SUMMIT SURGERY CENTER LLC

  OUTPATIENT SURGERY · MT

• GRAND VALLEY SURGICAL CENTER LLC

  OUTPATIENT SURGERY · CO

• HEALTHCARE MANAGEMENT LLC

  MANAGEMENT SERVICES · CO

• MONUMENT HEALTH LLC

  HEALTH CARE NETWORK · CO

• PAVILION IMAGING LLC

  RADIOLOGY · CO

• SAN JUAN CANCER CENTER LLC

  OUTPATIENT CANCER · CO

• CAREFLIGHT OF THE ROCKIES LLC

  MEDICAL AIR TRANSPORT · CO

• MED-MAP LLC

  RENTAL REAL ESTATE · MT

• YELLOWSTONE SURGERY CENTER LLC

  OUTPATIENT SURGERY · MT

• GALLATIN VALLEY SURGERY CENTER LLC

  OUTPATIENT SURGERY · MT

• FIRST FLIGHT OF WYOMING LLC

  MEDICAL AIR TRANSPORT · CO

• MCKAY DEE SURGICAL CENTER LLC

  OUTPATIENT SURGERY · UT

• GRANDEUR PEAK INTERNATIONAL STALWARTS LP

  INVESTMENTS · DE

• INNOVATION FUND HOLDINGS COMPANY LLC

  INNOVATION · DE

• HEALTHBOX SALT LAKE CITY I LLC

  INNOVATION · DE

• INTERMOUNTAIN VENTURES FUND LLC

  INVESTMENTS · DE

• PELION OPPORTUNITY FUND III LLC

  INVESTMENTS · DE

• AACP KOREA BUYOUT INVESTORS II LP

  INVESTMENTS · CJ

• AACP SPECIAL SITUATIONS II LP

  INVESTMENTS · CJ

• AACP KOREA BUYOUT INVESTORS IV LP

  INVESTMENTS · CJ

• LOGAN SURGERY CENTER LLC

  OUTPATIENT SURGERY · UT

• ST GEORGE SURGERY CENTER LLC

  OUTPATIENT SURGERY · UT

• SALTZER ASC TEN MILE LLC

  OUTPATIENT SURGERY · ID

• NORTHPOINTE SURGICAL CENTER LLC

  OUTPATIENT SURGERY · UT

• PERFORMANCE EQUITY GROWTH OPPORTUNITIES FUND LP

  INVESTMENTS · DE

• MURRAY SURGERY CENTER LLC

  OUTPATIENT SURGERY · UT

• PROVO SURGERY CENTER LLC

  OUTPATIENT SURGERY · UT

• SARATOGA SPRINGS SURGERY CENTER LLC

  OUTPATIENT SURGERY · UT

• PARK CITY SURGERY CENTER LLC

  OUTPATIENT SURGERY · UT

• PARK CITY SURGICAL CENTER REAL ESTATE LLC

  LEASES LAND · UT

• CDHC 3 LLC

  INVESTMENTS · UT

• ARK GLOBAL EMERGING COMPANIES LP

  INVESTMENTS · UT

• PELION OPPORTUNITY FUND IV LLC

  INVESTMENTS · UT

• LAYTON SURGERY CENTER LLC

  OUTPATIENT SURGERY · UT

• RIVERTON SURGERY CENTER LLC

  OUTPATIENT SURGERY · UT

• EAR NOSE & THROAT SURGERY CENTER OF UTAH LLC

  OUTPATIENT SURGERY · UT

• AE CO-INVESTMENT PARTNERS FUND III-F LP

  INVESTMENTS · FL

• TELLICA IMAGING - MASSACHUSETTS LLC

  IMAGING · DE

• GRANDEUR PEAK GLOBAL OPPORTUNITIES LP

  INVESTMENTS · UT

• AACP AUSTRALIA BUYOUT INVESTORS III LP

  INVESTMENTS · UT

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CARENT LABORATORY SOLUTIONS LLC

  C · MEDICAL LABORATORY · CO · controlled entity

• CARITAS INC AND SUBSIDIARIES

  C · HEALTHCARE · KS · controlled entity

• WEST END ASSOCIATION INC

  C · REAL ESTATE MANAGEMENT · MT · controlled entity

• MOUNTAIN WEST HEALTH CAPTIVE

  C · INSURANCE · CJ · controlled entity

• ROCKY MOUNTAIN ACCOUNTABLE HEALTH NETWORK INC

  C · HEALTHCARE · MT · controlled entity

• SELECTHEALTH BENEFIT ASSURANCE COMPANY

  C · DELIVERY OF HEALTH BENEFITS · UT · controlled entity

• HEALTHCARE CAPTIVE INSURANCE COMPANY

  C · INSURANCE · AZ · controlled entity

• ALLUCEO INC

  C · MENTAL HEALTH INTEGRATION SERVICES · DE · controlled entity

• SALTZER MEDICAL GROUP INC

  C · MEDICAL SERVICES · ID · controlled entity

• CLASSIC MEDICAL INC

  C · AIRCRAFT HOLDING COMPANY · UT · controlled entity

• CLASSIC HELICOPTERS INC

  C · AIRCRAFT HOLDING COMPANY · UT · controlled entity

• CULMINATION BIO INC

  C · BIOREPOSITORY · DE · controlled entity

• CAN YOU PLAY INC

  C · SOFTWARE DEVELOPMENT · UT · controlled entity