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Nonprofiteer
← SUTTER VALLEY MEDICAL FOUNDATION

Form 990 for tax year 2022

Filed by SUTTER VALLEY MEDICAL FOUNDATION.

Totals

Total revenue
$1,851,192,952
Total expenses
$1,739,326,362
Contributions and grants received
$14,558,582
Grants paid
$30,683
Program service revenue
$1,835,027,600
Investment income
$1,494,500
Other revenue
$112,270
Total assets, end of year
$722,732,834
Total liabilities, end of year
$424,771,019
Net assets or fund balances, end of year
$297,961,815
Program services expenses (Part IX)
$1,625,668,903
Management and general expenses
$113,311,760
Fundraising expenses
$345,699
Program service expenses (Part III)
$1,625,668,903

Program services were 93.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Sarah Krevans

    CEO Emeritus, Sutter Health

    Total calculated
    $5,400,410
    From this org
    $0
    From related orgs
    $5,124,807
    Other
    $275,603
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,980,063 related
    Bonus
    $0 + $2,749,625 related
    Other
    $0 + $395,119 related
    Deferred
    $0 + $242,765 related
    Nontaxable benefits
    $0 + $32,838 related
    Filer's total
    $0 + $5,400,410 related

  • Thomas Warner

    Pres. & CEO SH (PT-YR)

    Total calculated
    $3,459,427
    From this org
    $0
    From related orgs
    $194,285
    Other
    $3,265,142
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $190,661 related
    Bonus
    $0
    Other
    $0 + $3,624 related
    Deferred
    $0 + $3,260,621 related
    Nontaxable benefits
    $0 + $4,521 related
    Filer's total
    $0 + $3,459,427 related

  • James Conforti

    SH SVP, Interim CEO

    Total calculated
    $3,146,253
    From this org
    $0
    From related orgs
    $2,919,261
    Other
    $226,992
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,501,356 related
    Bonus
    $0 + $988,152 related
    Other
    $0 + $429,753 related
    Deferred
    $0 + $193,665 related
    Nontaxable benefits
    $0 + $33,327 related
    Filer's total
    $0 + $3,146,253 related

  • Theresa Frei

    SH INT COO & PRES/CEO, SVMF

    Total calculated
    $1,613,283
    From this org
    $0
    From related orgs
    $1,497,664
    Other
    $115,619
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $964,911 related
    Bonus
    $0 + $412,501 related
    Other
    $0 + $120,252 related
    Deferred
    $0 + $86,365 related
    Nontaxable benefits
    $0 + $29,254 related
    Filer's total
    $0 + $1,613,283 related

  • Jeff Szczesny

    SH VP, HR Ops

    Total calculated
    $996,891
    From this org
    $0
    From related orgs
    $907,254
    Other
    $89,637
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $335,841 related
    Bonus
    $0 + $403,335 related
    Other
    $0 + $168,078 related
    Deferred
    $0 + $64,065 related
    Nontaxable benefits
    $0 + $25,572 related
    Filer's total
    $0 + $996,891 related

  • Gary Zufelt

    FND AREA CEO, NORTH VALLEY

    Total calculated
    $941,477
    From this org
    $0
    From related orgs
    $847,172
    Other
    $94,305
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $537,359 related
    Bonus
    $0 + $239,625 related
    Other
    $0 + $70,188 related
    Deferred
    $0 + $69,465 related
    Nontaxable benefits
    $0 + $24,840 related
    Filer's total
    $0 + $941,477 related

  • Todd Smith MD

    FND AREA CEO, SOUTH VALLEY

    Total calculated
    $840,574
    From this org
    $0
    From related orgs
    $751,751
    Other
    $88,823
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $509,436 related
    Bonus
    $0 + $227,205 related
    Other
    $0 + $15,110 related
    Deferred
    $0 + $51,965 related
    Nontaxable benefits
    $0 + $36,858 related
    Filer's total
    $0 + $840,574 related

  • Patrina White

    CEO, SSCD/SWC

    Total calculated
    $812,866
    From this org
    $0
    From related orgs
    $714,656
    Other
    $98,210
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $536,248 related
    Bonus
    $0 + $103,501 related
    Other
    $0 + $74,907 related
    Deferred
    $0 + $67,765 related
    Nontaxable benefits
    $0 + $30,445 related
    Filer's total
    $0 + $812,866 related

  • Suheir Haddad

    CFO FOUNDATION, SVMF

    Total calculated
    $710,112
    From this org
    $0
    From related orgs
    $625,807
    Other
    $84,305
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $438,325 related
    Bonus
    $0 + $136,301 related
    Other
    $0 + $51,181 related
    Deferred
    $0 + $55,265 related
    Nontaxable benefits
    $0 + $29,040 related
    Filer's total
    $0 + $710,112 related

  • Peter Hull MD

    SME SRMC/Chair

    Total calculated
    $536,641
    From this org
    $0
    From related orgs
    $482,723
    Other
    $53,918
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $409,060 related
    Bonus
    $0 + $30,885 related
    Other
    $0 + $42,778 related
    Deferred
    $0 + $33,165 related
    Nontaxable benefits
    $0 + $20,753 related
    Filer's total
    $0 + $536,641 related

  • Michael D Marino

    VP, HR, SH FOUNDATIONS

    Total calculated
    $525,979
    From this org
    $0
    From related orgs
    $478,079
    Other
    $47,900
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $369,312 related
    Bonus
    $0 + $75,933 related
    Other
    $0 + $32,834 related
    Deferred
    $0 + $28,165 related
    Nontaxable benefits
    $0 + $19,735 related
    Filer's total
    $0 + $525,979 related

  • Ali Layeghi

    Manager, Dosimetry

    Total calculated
    $424,646
    From this org
    $400,795
    From related orgs
    $0
    Other
    $23,851
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $354,377
    Bonus
    $41,805
    Other
    $4,613
    Deferred
    $5,065
    Nontaxable benefits
    $18,786
    Filer's total
    $424,646

  • Jonathan K Bareng

    Medical Physicist III

    Total calculated
    $383,450
    From this org
    $358,517
    From related orgs
    $0
    Other
    $24,933
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $297,480
    Bonus
    $57,778
    Other
    $3,259
    Deferred
    $4,938
    Nontaxable benefits
    $19,995
    Filer's total
    $383,450

  • Sy Fangyan Z

    Executive, Quality

    Total calculated
    $367,808
    From this org
    $330,929
    From related orgs
    $5,422
    Other
    $31,457
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $277,934 + $5,412 related
    Bonus
    $52,189
    Other
    $806 + $10 related
    Deferred
    $4,614 + $90 related
    Nontaxable benefits
    $26,246 + $507 related
    Filer's total
    $361,789 + $6,019 related

  • Benjamin Kirk

    DEPUTY GEN COUNS, SEC

    Total calculated
    $354,897
    From this org
    $0
    From related orgs
    $317,494
    Other
    $37,403
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $282,118 related
    Bonus
    $0 + $34,890 related
    Other
    $0 + $486 related
    Deferred
    $0 + $4,683 related
    Nontaxable benefits
    $0 + $32,720 related
    Filer's total
    $0 + $354,897 related

  • Jennifer S Glass

    Medical Physicist III

    Total calculated
    $304,900
    From this org
    $275,140
    From related orgs
    $0
    Other
    $29,760
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $259,343
    Bonus
    $15,000
    Other
    $797
    Deferred
    $4,305
    Nontaxable benefits
    $25,455
    Filer's total
    $304,900

  • Chuan Wu

    Chief Physicist

    Total calculated
    $298,673
    From this org
    $269,019
    From related orgs
    $0
    Other
    $29,654
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $253,541
    Bonus
    $15,000
    Other
    $478
    Deferred
    $4,209
    Nontaxable benefits
    $25,445
    Filer's total
    $298,673

  • Penny Westfall

    Former SH VP, CLO, SH

    Total calculated
    $198,859
    From this org
    $0
    From related orgs
    $198,372
    Other
    $487
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $198,372 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $487 related
    Filer's total
    $0 + $198,859 related

  • Thomas Blinn

    Frmr CEO, Valley Area FOUNDAT.

    Total calculated
    $128,537
    From this org
    $0
    From related orgs
    $128,537
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $128,537 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $128,537 related

  • I-Mei Hsiu MD

    DIRECTOR & SH BOARD

    Total calculated
    $27,500
    From this org
    $0
    From related orgs
    $27,500
    Other
    $0
    Hours/week
    2 + 9 related

  • David Adkins MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Timothy Byrd

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Viva Ettin MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Bronwyn Fields RN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Dan Flores

    Chair Finance & Planning

    Total calculated
    $0
    Hours/week
    4 + 4 related

  • Maria Pallavicini

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Gail Russell MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Fatima Seward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Kurt Shuler MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • Jerry Tokunaga

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 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, 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

  • 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)

SCHEDULE J, PART I, LINE 3
SUPPLEMENTAL COMPENSATION INFORMATION: THE COMPENSATION COMMITTEE OF THE SUTTER HEALTH BOARD OF DIRECTORS RETAINS ULTIMATE DISCRETIONARY AUTHORITY OVER ALL ELEMENTS OF COMPENSATION TO ASSURE THAT ORGANIZATIONAL PURPOSES ARE APPROPRIATELY BEING SERVED. THE COMPENSATION COMMITTEE USES CREDIBLE INDEPENDENT DATA SOURCES AND MAINTAINS AN OBJECTIVE "ARMS LENGTH" DECISION-MAKING PROCESS, ENSURING THE INTEGRITY OF SUTTER'S EXECUTIVE PROGRAMS AND CONSISTENCY WITH THE ORGANIZATION'S OVERALL MISSION. SEE SCHEDULE O NARRATIVE FOR PART VI, LINE 15 FOR A FULL DESCRIPTION OF THE COMPENSATION APPROVAL PROCESS COMPLETED BY SUTTER HEALTH.
SCHEDULE J, PART I, LINE 4A
THE FOLLOWING INDIVIDUALS RECEIVED Severance PAYMENTS DURING THE YEAR: James Conforti: $ 92,308 Penny Westfall: $ 20,006 SCHEDULE J, PART I, LINE 4B NONQUALIFIED RETIREMENT PLAN: THE PURPOSE OF THE NONQUALIFIED RETIREMENT PLAN IS TO PROVIDE SUTTER HEALTH EXECUTIVES WITH A COMPETITIVE RETIREMENT BENEFIT CONSISTENT WITH SUTTER HEALTH'S OVERALL COMPENSATION PHILOSOPHY FOR ALL EMPLOYEES. CONTRIBUTIONS ARE DESIGNED TAKING INTO CONSIDERATION LOST RETIREMENT BENEFITS THAT WOULD OTHERWISE BE OBTAINED THROUGH THE QUALIFIED PENSION PLAN AND SOCIAL SECURITY BENEFITS. SUTTER'S PLANS ARE DESIGNED CONSISTENT WITH COMPETITIVE INDUSTRY PRACTICES. THE RETIREMENT PLAN FOR SUTTER HEALTH EMPLOYEES IS A COMBINATION OF 403(B) EMPLOYER MATCH CONTRIBUTIONS AND QUALIFIED PENSION PLAN BENEFITS. SUTTER HEALTH EXECUTIVES ARE GENERALLY INELIGIBLE FOR EMPLOYER MATCH CONTRIBUTIONS. TO ENSURE A COMPETITIVE RETIREMENT BENEFIT, SUTTER HEALTH MAKES AN ANNUAL CONTRIBUTION TO A NON-QUALIFIED 457(F) PLAN FOR ITS EXECUTIVES. THE FORMULA PROVIDES 6% TO 12% OF BASE SALARY PLUS ANNUAL INCENTIVE PLAN AWARD (COMMENSURATE WITH MANAGEMENT LEVEL). CONTRIBUTIONS ARE ALSO MADE FOR A SMALL GROUP OF SENIOR LEVEL EXECUTIVES WHOSE ESTIMATED RETIREMENT BENEFIT (SOCIAL SECURITY PLUS QUALIFIED PLAN BENEFITS PLUS 457F) FALLS BELOW 50% - 65% OF FINAL 4-YEAR AVERAGE BASE SALARY WHEN RETIRING AT AGE 65 WITH 22.5 YEARS OF SERVICE. TARGET BENEFIT LEVELS ARE DISCOUNTED FOR YEARS OF SERVICE LESS THAN 22.5 AT AGE 65. UNLIKE SUTTER HEALTH'S QUALIFIED PENSION PLAN WHERE EMPLOYEE BENEFITS ARE GUARANTEED (I.E., A DEFINED BENEFIT), SUTTER'S NON-QUALIFIED PLAN BENEFITS ARE NOT GUARANTEED BY SUTTER HEALTH. INVESTMENT RISK IS BORNE BY PARTICIPANTS AND BENEFITS ARE NOT PROTECTED SHOULD SUTTER HEALTH BECOME INSOLVENT.
SCHEDULE J, PART I, LINE 7
NON-FIXED PAYMENTS: SPOT AWARDS ARE INFREQUENTLY USED TO REWARD EMPLOYEES. THERE ARE NO SPECIFIC GUIDELINES FOR THE AMOUNT OF THE SPOT AWARD, AVERAGE AMOUNT OF SPOT AWARDS TEND TO NOT EXCEED 5% TO 15% OF GROSS ANNUAL SALARY. ANNUAL INCENTIVE PLAN (AIP): THE PURPOSE OF THE PLAN IS TO FOCUS EXECUTIVES ON SPECIFIC, SHORTER-TERM GOALS THAT ARE CRITICAL TO THE ACHIEVEMENT OF AFFILIATE, OPERATING UNIT AND SYSTEM-WIDE OBJECTIVES THAT DRIVE OVERALL ORGANIZATION PERFORMANCE. LONG TERM PERFORMANCE PLANS: SUTTER HEALTH ALSO EMPLOYS A LONG TERM PERFORMANCE PLAN WHICH IS DESIGNED TO FOCUS ON LONGER TERM STRATEGIC OBJECTIVES OF THE ORGANIZATION. SUTTER'S LONG TERM PERFORMANCE PLAN APPROACH IS A COMBINATION OF BOTH LONGER TERM MEASURES OF ORGANIZATION SUCCESS AND KEY ORGANIZATION STRATEGIES WHICH REQUIRE THE COMBINED EFFORT OF ALL LEADERSHIP TO ACHIEVE SUCCESS. SUTTER USES A COMMON FATE APPROACH IN THAT ALL LONG TERM PERFORMANCE PLAN PARTICIPANTS ARE MEASURED AGAINST THE SAME, ORGANIZATION-WIDE CRITERIA VS. INDIVIDUAL EFFORTS.THIS FOSTERS A COMMON PURPOSE ACROSS LEADERSHIP AND A SHARED SENSE OF ACCOUNTABILITY FOR THE OVERALL SUCCESS OF SUTTER HEALTH. IN ALL CASES, THE COMPENSATION COMMITTEE OF THE BOARD DETERMINES ACHIEVEMENT OF ORGANIZATION GOALS AND MAKES FINAL AWARD DETERMINATION WHICH MAY RESULT IN A REDUCTION OF AWARD IF APPROPRIATE. ALL SENIOR EXECUTIVE AWARDS ARE REVIEWED FOR COMPENSATION REASONABLENESS AND APPROVED BY THE COMPENSATION COMMITTEE PRIOR TO PAYMENT.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

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
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202323189349317777

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