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Nonprofiteer
← AVMED INC

Form 990 for tax year 2024

Filed by AVMED INC.

Totals

Total revenue
$616,585,583
Total expenses
$800,710,663
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$606,831,497
Investment income
$9,677,253
Other revenue
$76,833
Total assets, end of year
$444,319,576
Total liabilities, end of year
$326,111,075
Net assets or fund balances, end of year
$118,208,501
Program services expenses (Part IX)
$772,922,788
Management and general expenses
$27,787,875
Fundraising expenses
$0
Program service expenses (Part III)
$772,922,788

Program services were 96.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DENNIS A MATHEIS

    DIRECTOR

    Total calculated
    $6,375,042
    From this org
    $0
    From related orgs
    $6,056,025
    Other
    $319,017
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,384,378 related
    Bonus
    $0 + $3,159,735 related
    Other
    $0 + $511,912 related
    Deferred
    $0 + $285,659 related
    Nontaxable benefits
    $0 + $33,358 related
    Filer's total
    $0 + $6,375,042 related

  • COLIN DROZDOWSKI

    DIRECTOR/PRESIDENT

    Total calculated
    $2,187,502
    From this org
    $0
    From related orgs
    $1,983,533
    Other
    $203,969
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,033,311 related
    Bonus
    $0 + $936,630 related
    Other
    $0 + $13,592 related
    Deferred
    $0 + $170,665 related
    Nontaxable benefits
    $0 + $33,304 related
    Filer's total
    $0 + $2,187,502 related

  • JAMES M REPP

    DIRECTOR

    Total calculated
    $1,896,129
    From this org
    $0
    From related orgs
    $1,852,274
    Other
    $43,855
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $650,559 related
    Bonus
    $0 + $198,614 related
    Other
    $0 + $1,003,101 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $33,505 related
    Filer's total
    $0 + $1,896,129 related

  • G WILKINS HUBBARD II MD

    DIRECTOR

    Total calculated
    $227,733
    From this org
    $0
    From related orgs
    $244,658
    Other
    -$16,925
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $244,458 related
    Bonus
    $0
    Other
    $0 + $200 related
    Deferred
    $0 + -$16,948 related
    Nontaxable benefits
    $0 + $23 related
    Filer's total
    $0 + $227,733 related

  • JEFFERY O SMITH ED D

    DIRECTOR

    Total calculated
    $40,000
    From this org
    $0
    From related orgs
    $40,000
    Other
    $0
    Hours/week
    1 + 3.8 related

  • CATHIE J VICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DARYL L JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FREDERICK C COBLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • J LES HALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3.2 related

  • NANCY R BOTERO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT C FORT

    DIRECTOR/CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ROBERT A BROERMANN

    TREASURER

    Total calculated
    $3,456,699
    From this org
    $0
    From related orgs
    $3,111,555
    Other
    $345,144
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,353,258 related
    Bonus
    $0 + $1,462,129 related
    Other
    $0 + $296,168 related
    Deferred
    $0 + $313,933 related
    Nontaxable benefits
    $0 + $31,211 related
    Filer's total
    $0 + $3,456,699 related

  • EARL J BARNES II

    SECRETARY

    Total calculated
    $1,641,759
    From this org
    $0
    From related orgs
    $1,489,106
    Other
    $152,653
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $735,550 related
    Bonus
    $0 + $624,708 related
    Other
    $0 + $128,848 related
    Deferred
    $0 + $120,410 related
    Nontaxable benefits
    $0 + $32,243 related
    Filer's total
    $0 + $1,641,759 related

  • CHRISTINE M SHIPLEY

    FORMER KE

    Total calculated
    $1,022,089
    From this org
    $0
    From related orgs
    $994,244
    Other
    $27,845
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $372,024 related
    Bonus
    $0 + $95,728 related
    Other
    $0 + $526,492 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $17,495 related
    Filer's total
    $0 + $1,022,089 related

  • ERIC D JOHNSON

    FORMER KE

    Total calculated
    $994,079
    From this org
    $0
    From related orgs
    $950,140
    Other
    $43,939
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $387,625 related
    Bonus
    $0 + $80,201 related
    Other
    $0 + $482,314 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $33,589 related
    Filer's total
    $0 + $994,079 related

  • FRANK IZQUIERDO

    FORMER KE

    Total calculated
    $995,977
    From this org
    $0
    From related orgs
    $948,787
    Other
    $47,190
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $380,138 related
    Bonus
    $0 + $79,704 related
    Other
    $0 + $488,945 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $36,840 related
    Filer's total
    $0 + $995,977 related

  • CATHERINE A ALLEN

    FORMER KE

    Total calculated
    $451,406
    From this org
    $0
    From related orgs
    $450,806
    Other
    $600
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $14,758 related
    Bonus
    $0
    Other
    $0 + $436,048 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $600 related
    Filer's total
    $0 + $451,406 related

  • TIMOTHY MATSUBARA

    FORMER T5

    Total calculated
    $594,603
    From this org
    $0
    From related orgs
    $544,893
    Other
    $49,710
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $294,012 related
    Bonus
    $0 + $62,394 related
    Other
    $0 + $188,487 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $39,360 related
    Filer's total
    $0 + $594,603 related

  • ANDRES GONZALEZ

    FORMER T5

    Total calculated
    $530,638
    From this org
    $0
    From related orgs
    $517,856
    Other
    $12,782
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $309,025 related
    Bonus
    $0 + $56,606 related
    Other
    $0 + $152,225 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $2,432 related
    Filer's total
    $0 + $530,638 related

  • ROBERT D BONNELL MD

    FORMER T5

    Total calculated
    $552,723
    From this org
    $0
    From related orgs
    $512,617
    Other
    $40,106
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $311,772 related
    Bonus
    $0 + $58,686 related
    Other
    $0 + $142,159 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $29,756 related
    Filer's total
    $0 + $552,723 related

  • IAN M ANDES

    FORMER T5

    Total calculated
    $518,665
    From this org
    $0
    From related orgs
    $491,282
    Other
    $27,383
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $264,432 related
    Bonus
    $0 + $54,847 related
    Other
    $0 + $172,003 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $17,033 related
    Filer's total
    $0 + $518,665 related

  • JAVIER MENDOZA

    FORMER T5

    Total calculated
    $490,236
    From this org
    $0
    From related orgs
    $439,910
    Other
    $50,326
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $270,381 related
    Bonus
    $0 + $54,243 related
    Other
    $0 + $115,286 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $39,976 related
    Filer's total
    $0 + $490,236 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
SENTARA HEALTH, THE 501(C)(3) TAX EXEMPT PARENT OF THE SENTARA HEALTH SYSTEM, ESTABLISHED THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL THROUGH THE USE OF A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, A COMPENSATION STUDY, AND APPROVAL BY SENTARA HEALTH'S COMPENSATION COMMITTEE. THE MOST RECENT COMPENSATION ANALYSIS AND RECOMMENDATIONS WERE SUBMITTED TO THE COMPENSATION COMMITTEE IN 2024. SENTARA HEALTH RECOGNIZES THAT PROVIDING THE BEST POSSIBLE CARE REQUIRES US TO ATTRACT AND RETAIN THE VERY BEST EMPLOYEES. OUR ORGANIZATION IS COMMITTED TO INVESTING IN OUR PEOPLE BY OFFERING COMPETITIVE COMPENSATION OPPORTUNITIES AND A STRONG WORKPLACE ENVIRONMENT. THE SENTARA HEALTH BOARD HAS DIRECTED A COMMITTEE OF INDEPENDENT, CONFLICT-FREE BOARD MEMBERS TO DEVOTE THEIR TIME AND ATTENTION TO THE OVERSIGHT OF SENTARA HEALTH'S EXECUTIVE COMPENSATION AND BENEFITS PROGRAMS. THE COMPENSATION COMMITTEE CONSISTS OF PROFESSIONAL, EXPERIENCED, AND DEDICATED BOARD MEMBERS WHO TAKE THIS RESPONSIBILITY VERY SERIOUSLY. THE COMPENSATION COMMITTEE FOLLOWS GOVERNANCE BEST PRACTICES IN THE REVIEW AND APPROVAL OF EXECUTIVE COMPENSATION. THE COMPENSATION COMMITTEE IS ASSISTED BY OUTSIDE ADVISORS WHO ARE ENGAGED BY THE COMMITTEE.
PART I, LINE 4B
ROBERT BROERMANN, DENNIS MATHEIS, COLIN DROZDOWSKI, AND EARL BARNES, II PARTICIPATED IN THE SENTARA CAPITAL ACCUMULATION ACCOUNT PLAN. THE CAPITAL ACCUMULATION PLAN IS A NONQUALIFIED DEFERRED COMPENSATION PROGRAM. SUCH PLANS ARE COMMONLY OFFERED TO NOT-FOR-PROFIT HEALTH CARE EXECUTIVES TO PROVIDE ADDITIONAL RETIREMENT BENEFITS TO SUPPLEMENT LIMITATIONS IN QUALIFIED PLANS. PARTICIPATION IS LIMITED TO A SELECT GROUP OF CORPORATE EXECUTIVES AS APPROVED BY SENTARA HEALTH'S BOARD OF DIRECTOR'S COMPENSATION COMMITTEE. TERMS OF THE PLAN CHANGED EFFECTIVE JANUARY 1, 2009, WHEREBY VESTING OF CONTRIBUTIONS MADE ON OR AFTER THAT DATE NOW OCCURS ON THE EARLIER OF FIVE YEARS FOR EACH YEARS' CONTRIBUTIONS OR AGE 55 WITH 10 YEARS OF SERVICE. EFFECTIVE JANUARY 1, 2023, VESTING OF CONTRIBUTIONS EXPANDED TO INCLUDE AGE 60 WITH 5 YEARS OF SERVICE FROM THE DATE OF HIRE, OR AGE 65 WITH 2 YEARS OF SERVICE FROM THE CAA PLAN ENTRY DATE. UNDER THE OLD TERMS, VESTING OF CONTRIBUTIONS MADE PRIOR TO JANUARY 1, 2009 OCCURS ON THE EARLIEST OF ASSIGNED DISTRIBUTION DATE, DEATH, INVOLUNTARY TERMINATION WITHOUT CAUSE OR COMPLETION OF TWO-YEAR NON-COMPETE AFTER VOLUNTARY TERMINATION (REGARDLESS OF ORIGINAL ASSIGNED DISTRIBUTION DATE). FICA AND FUTA TAXATION OF PRE-2009 CONTRIBUTIONS MAY OCCUR EARLIER THAN FEDERAL INCOME TAXATION IN ACCORDANCE WITH APPLICABLE LAW. DURING 2024, THE FOLLOWING CORPORATE EXECUTIVES RECEIVED TAXABLE DISTRIBUTIONS UNDER THE PLAN: ROBERT BROERMANN ($245,580) AND DENNIS MATHEIS ($468,400). THESE AMOUNTS HAVE BEEN REPORTED IN COLUMN (B)(III) OF SCHEDULE J, PART II.
PART I LINE 4
CERTAIN SENIOR EXECUTIVES OF THE SENTARA HEALTH SYSTEM ARE COVERED BY THE SENTARA HEALTH EXECUTIVE CHANGE IN CONTROL AND SEVERANCE BENEFIT PLAN. THE PLAN PROVIDES FOR SPECIFIED SEVERANCE PAY AND BENEFITS IN THE EVENT OF INVOLUNTARY TERMINATION OF EMPLOYMENT THAT OCCURS: (1) IN THE ORDINARY COURSE OF EMPLOYMENT OR (2) WITHIN TWO YEARS FOLLOWING A QUALIFYING CHANGE IN CONTROL TO ELIGIBLE INDIVIDUALS AS DEFINED IN THE PLAN. PLAN BENEFITS VARY BASED UPON AN ELIGIBLE INDIVIDUAL'S TIER LEVEL AND WHETHER THE TERMINATION IS OR IS NOT WITHIN TWO YEARS FOLLOWING A CHANGE IN CONTROL, BUT GENERALLY RANGE BETWEEN 12-18 MONTHS. THE PLAN IS UNFUNDED AND DESIGNED AS AN ERISA TOP HAT WELFARE BENEFIT PLAN. INDIVIDUALS THAT ARE NOT ELIGIBLE TO PARTICIPATE IN THE PLAN MAY BE COVERED UNDER INDIVIDUAL ARRANGEMENTS DEPENDING ON POSITION AND QUALIFYING CIRCUMSTANCES.

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.

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
2024
Filed
5 November 2025
IRS schema version
2024v5.2
Source object
202533099349303308

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