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Nonprofiteer
← TEXAS HEALTH PRESBYTERIAN HOSPITAL KAUFMAN

Form 990 for tax year 2023

Filed by TEXAS HEALTH PRESBYTERIAN HOSPITAL KAUFMAN.

Totals

Total revenue
$48,751,227
Total expenses
$41,908,008
Contributions and grants received
$323,625
Grants paid
$139,376
Program service revenue
$48,322,485
Investment income
$0
Other revenue
$105,117
Total assets, end of year
$19,054,894
Total liabilities, end of year
$8,892,353
Net assets or fund balances, end of year
$10,162,541
Program services expenses (Part IX)
$34,337,890
Management and general expenses
$7,570,118
Fundraising expenses
$0
Program service expenses (Part III)
$34,337,890

Program services were 81.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $20,824

  • 1e · Government grants (contributions)

    $302,801

  • 2a · Program service revenue: PATIENT REVENUE

    total $45,445,961 · related or exempt $45,445,961

  • 2b · Program service revenue: COST REPORT ADJUSTMENTS

    total $2,676,298 · related or exempt $2,676,298

  • 2c · Program service revenue: DSPR REVENUE

    total $115,276 · related or exempt $115,276

  • 2d · Program service revenue: AFFILIATE SERVICE FEES

    total $84,090 · related or exempt $84,090

  • 2e · Program service revenue: MANAGEMENT FEES

    total $600 · related or exempt $600

  • 2f · All other program service revenue

    total $260 · related or exempt $260

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $2

  • 6c · Rental income or loss

    real property $2 · personal property $0

  • 6d · Net rental income or loss

    total $2 · excluded $2

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $2,035

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $2,035 · excluded $2,035

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: CAFETERIA

    total $84,600 · excluded $84,600

  • 11b · Other revenue: COMMISSION

    total $8,971 · excluded $8,971

  • 11c · Other revenue: MEDICAL STAFF

    total $8,819 · related or exempt $8,819

  • 11d · All other revenue

    total $690 · related or exempt $690

  • 11e · Other revenue, total

    $103,080

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $139,376 · program services $139,376

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $334,634 · management and general $334,634

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $15,868,167 · program services $15,632,936 · management and general $235,231

  • 8 · Pension plan contributions

    total $712,763 · program services $702,119 · management and general $10,644

  • 9 · Other employee benefits

    total $2,010,640 · program services $1,994,487 · management and general $16,153

  • 10 · Payroll taxes

    total $1,123,967 · program services $1,091,400 · management and general $32,567

  • 11a · Fees: management

    total $6,427,522 · management and general $6,427,522

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $5,285,595 · program services $4,980,342 · management and general $305,253

  • 12 · Advertising and promotion

    total $4,059 · program services $2,835 · management and general $1,224

  • 13 · Office expenses

    total $106,299 · program services $90,460 · management and general $15,839

  • 14 · Information technology

    total $121,181 · program services $116,063 · management and general $5,118

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $407,573 · program services $407,353 · management and general $220

  • 17 · Travel

    total $44,215 · program services $40,569 · management and general $3,646

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $12,792 · program services $11,173 · management and general $1,619

  • 20 · Interest

    total $368,839 · program services $368,839

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,800,307 · program services $1,715,024 · management and general $85,283

  • 23 · Insurance

    total $546,387 · program services $546,387

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $3,620,164 · program services $3,617,527 · management and general $2,637

  • 24b · Other expenses: UHRIP

    total $967,242 · program services $967,242

  • 24c · Other expenses: LPPF IGT

    total $648,305 · program services $648,305

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $353,217 · program services $305,917 · management and general $47,300

  • 24e · All other expenses

    total $1,004,764 · program services $959,536 · management and general $45,228

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$7,072 · end of year $4,936

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $5,745,098 · end of year $5,728,488

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $738,909 · end of year $785,349

  • 9 · Prepaid expenses and deferred charges

    beginning of year $67,175 · end of year $90,541

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

    $36,116,544

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

    $23,670,964

  • 10c · Land, buildings and equipment, net

    beginning of year $11,559,655 · end of year $12,445,580

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,208,002 · end of year $3,112,925

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $1,658,603 · end of year $1,110,567

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $3,451,461 · end of year $4,668,861

  • 27 · Net assets without donor restrictions

    beginning of year $9,785,699 · end of year $10,162,541

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

A FAITH-BASED ORGANIZATION WHOSE MISSION IS TO IMPROVE THE HEALTH OF THE PEOPLE IN THE COMMUNITIES IT SERVES REGARDLESS OF THEIR ABILITY TO PAY.

  • Texas Health Presbyterian Hospital Kaufman (THK) was opened in 1975 and is a 42 staffed bed hospital located in Kaufman, Texas. THK serves the rural community of Kaufman and the surrounding area. It offers a wide range of services including general surgery, orthopedic surgery, ICU, Telemetry, medical surgical care, and a 24-hour emergency department. THK provides quality medical healthcare regardless of race, creed, sex, national origin, handicap, age, or ability to pay. The hospital provides care to persons covered by governmental programs including Medicare and Medicaid for reimbursement that does not always cover the cost of providing the care. Recognizing its mission to the community, services are provided to both financially indigent and medically indigent patients. To the extent reimbursement for services is below cost, THK recognizes the difference as charity care. Community benefit is also provided through many free programs to the community. These services are essential to provide complete healthcare to the communities they served. Some of these programs include Supported Senior Citizens in Kaufman County with free flu clinics, Health Fairs especially for Senior Citizens centers in Kemp and Kaufman, and community health fairs at local and surrounding service area schools. Community members were informed about such subjects as general health and high blood pressure. There was also blood pressure screening available free of charge, Matter of Balance Classes to Kaufman County Senior Citizens Monthly, diabetes education, and a Car Seat Fitting Station for the community. The hospital also supports the local community service area through volunteer time and monetary contributions. Programs sponsored include, but are not limited to, the local area school district, United Way, Meals on Wheels (Senior Connect), Salvation Army's food program, Angel Tree, local churches and the Kaufman Center Food Bank. THK also has a close relationship with the community college TVCC and Texas Tech University pharmacy program. THK had 2,543 patient days, 1,003 discharges, 33,157 outpatient encounters, and 26,204 emergency room visits during the 2023 calendar year.

    Expenses $34,337,890 · Grants $155,216 · Revenue $48,331,994

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BerdanBarclay E

    THR CEO/Trustee

    Total calculated
    $4,621,716
    From this org
    $0
    From related orgs
    $3,605,445
    Other
    $1,016,271
    Hours/week
    0.32 + 49.68 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,860,563 related
    Bonus
    $0 + $1,414,089 related
    Other
    $0 + $330,793 related
    Deferred
    $0 + $963,751 related
    Nontaxable benefits
    $0 + $52,520 related
    Filer's total
    $0 + $4,621,716 related

  • McWhorterRicky E

    Former Officer

    Total calculated
    $1,840,778
    From this org
    $0
    From related orgs
    $1,515,772
    Other
    $325,006
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $932,223 related
    Bonus
    $0 + $437,883 related
    Other
    $0 + $145,666 related
    Deferred
    $0 + $285,038 related
    Nontaxable benefits
    $0 + $39,968 related
    Filer's total
    $0 + $1,840,778 related

  • KingJames Kirk

    Former Officer

    Total calculated
    $1,641,195
    From this org
    $0
    From related orgs
    $1,271,947
    Other
    $369,248
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $744,380 related
    Bonus
    $0 + $379,709 related
    Other
    $0 + $147,858 related
    Deferred
    $0 + $316,307 related
    Nontaxable benefits
    $0 + $52,941 related
    Filer's total
    $0 + $1,641,195 related

  • KramerKenneth J

    Assistant Secretary

    Total calculated
    $1,442,048
    From this org
    $0
    From related orgs
    $1,206,803
    Other
    $235,245
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $705,551 related
    Bonus
    $0 + $359,141 related
    Other
    $0 + $142,111 related
    Deferred
    $0 + $193,789 related
    Nontaxable benefits
    $0 + $41,456 related
    Filer's total
    $0 + $1,442,048 related

  • FlorenJoshua Andrew

    President

    Total calculated
    $855,375
    From this org
    $0
    From related orgs
    $667,687
    Other
    $187,688
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $438,390 related
    Bonus
    $0 + $169,778 related
    Other
    $0 + $59,519 related
    Deferred
    $0 + $135,165 related
    Nontaxable benefits
    $0 + $52,523 related
    Filer's total
    $0 + $855,375 related

  • JacksonDavid W

    Assistant Secretary

    Total calculated
    $680,985
    From this org
    $0
    From related orgs
    $515,108
    Other
    $165,877
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $348,305 related
    Bonus
    $0 + $117,613 related
    Other
    $0 + $49,190 related
    Deferred
    $0 + $125,200 related
    Nontaxable benefits
    $0 + $40,677 related
    Filer's total
    $0 + $680,985 related

  • WhiteleyJohn E

    Former Officer

    Total calculated
    $651,934
    From this org
    $0
    From related orgs
    $532,109
    Other
    $119,825
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $360,393 related
    Bonus
    $0 + $120,823 related
    Other
    $0 + $50,893 related
    Deferred
    $0 + $76,803 related
    Nontaxable benefits
    $0 + $43,022 related
    Filer's total
    $0 + $651,934 related

  • SijMark W

    CMO

    Total calculated
    $618,506
    From this org
    $0
    From related orgs
    $563,393
    Other
    $55,113
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $455,116 related
    Bonus
    $0 + $107,757 related
    Other
    $0 + $520 related
    Deferred
    $0 + $19,263 related
    Nontaxable benefits
    $0 + $35,850 related
    Filer's total
    $0 + $618,506 related

  • SchroederJennifer Ann

    Former Officer

    Total calculated
    $509,274
    From this org
    $0
    From related orgs
    $424,355
    Other
    $84,919
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $332,468 related
    Bonus
    $0 + $50,226 related
    Other
    $0 + $41,661 related
    Deferred
    $0 + $55,618 related
    Nontaxable benefits
    $0 + $29,301 related
    Filer's total
    $0 + $509,274 related

  • CantuStacy G

    Corporate Secretary

    Total calculated
    $424,847
    From this org
    $0
    From related orgs
    $353,188
    Other
    $71,659
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $278,238 related
    Bonus
    $0 + $41,945 related
    Other
    $0 + $33,005 related
    Deferred
    $0 + $17,934 related
    Nontaxable benefits
    $0 + $53,725 related
    Filer's total
    $0 + $424,847 related

  • GildonLisa

    Grp Finan Officer THD-THK

    Total calculated
    $400,235
    From this org
    $0
    From related orgs
    $335,026
    Other
    $65,209
    Hours/week
    16 + 24 related

    Schedule J breakdown matched by us

    Base
    $0 + $264,182 related
    Bonus
    $0 + $38,073 related
    Other
    $0 + $32,771 related
    Deferred
    $0 + $16,922 related
    Nontaxable benefits
    $0 + $48,287 related
    Filer's total
    $0 + $400,235 related

  • BrackerRachal R

    Grp Finance Off Term June 2023

    Total calculated
    $373,647
    From this org
    $0
    From related orgs
    $343,872
    Other
    $29,775
    Hours/week
    16 + 24 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,991 related
    Bonus
    $0 + $38,211 related
    Other
    $0 + $55,670 related
    Deferred
    $0 + $17,030 related
    Nontaxable benefits
    $0 + $12,745 related
    Filer's total
    $0 + $373,647 related

  • WhiteToya D

    COO & CNO THK

    Total calculated
    $334,634
    From this org
    $269,806
    From related orgs
    $0
    Other
    $64,828
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,264
    Bonus
    $36,020
    Other
    $28,522
    Deferred
    $16,746
    Nontaxable benefits
    $48,082
    Filer's total
    $334,634

  • MilbergerKyle A

    Former Highest Paid Employee

    Total calculated
    $243,556
    From this org
    $0
    From related orgs
    $194,604
    Other
    $48,952
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $183,550 related
    Bonus
    $0 + $7,554 related
    Other
    $0 + $3,500 related
    Deferred
    $0 + $10,194 related
    Nontaxable benefits
    $0 + $38,758 related
    Filer's total
    $0 + $243,556 related

  • Ryer Betty

    SUPV ADMV

    Total calculated
    $223,047
    From this org
    $186,098
    From related orgs
    $0
    Other
    $36,949
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,141
    Bonus
    $5,586
    Other
    $5,371
    Deferred
    $9,381
    Nontaxable benefits
    $27,568
    Filer's total
    $223,047

  • YuEdward

    DIR PHARMACY

    Total calculated
    $209,683
    From this org
    $167,209
    From related orgs
    $0
    Other
    $42,474
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,036
    Bonus
    $6,108
    Other
    $7,065
    Deferred
    $9,794
    Nontaxable benefits
    $32,680
    Filer's total
    $209,683

  • CrowLeslie

    RN II CHARGE

    Total calculated
    $201,334
    From this org
    $146,472
    From related orgs
    $0
    Other
    $54,862
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,068
    Bonus
    $1,000
    Other
    $6,404
    Deferred
    $11,628
    Nontaxable benefits
    $43,234
    Filer's total
    $201,334

  • Yeow Jan

    PHARMACIST CLIN

    Total calculated
    $181,551
    From this org
    $140,425
    From related orgs
    $0
    Other
    $41,126
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,405
    Bonus
    $500
    Other
    $520
    Deferred
    $5,751
    Nontaxable benefits
    $35,375
    Filer's total
    $181,551

  • WilsonTimothy Andrew

    SUPV ADMV

    Total calculated
    $178,554
    From this org
    $148,566
    From related orgs
    $0
    Other
    $29,988
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,290
    Bonus
    $4,756
    Other
    $520
    Deferred
    $10,944
    Nontaxable benefits
    $19,044
    Filer's total
    $178,554

  • KirkhamBrett Daniel

    Former Officer

    Total calculated
    $129,085
    From this org
    $0
    From related orgs
    $111,809
    Other
    $17,276
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $68,565 related
    Bonus
    $0 + $34,566 related
    Other
    $0 + $8,678 related
    Deferred
    $0 + $4,894 related
    Nontaxable benefits
    $0 + $12,382 related
    Filer's total
    $0 + $129,085 related

  • Chhutani MD Sheila

    Trustee

    Total calculated
    $76,638
    From this org
    $0
    From related orgs
    $76,638
    Other
    $0
    Hours/week
    0.02 + 8.4 related

  • Vigness MD Richard

    Chair

    Total calculated
    $0
    Hours/week
    0.02 + 1.41 related

  • Hunt Hunter

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.02 + 1.41 related

  • Wilder Jr Charles

    Immediate Past Chair

    Total calculated
    $0
    Hours/week
    0.02 + 1.41 related

  • Bernstein Kenneth

    Trustee

    Total calculated
    $0
    Hours/week
    0.02 + 1.41 related

  • Braun JD Vianei Lopez

    Trustee

    Total calculated
    $0
    Hours/week
    0.02 + 1.41 related

  • Guyton Michael

    Trustee

    Total calculated
    $0
    Hours/week
    0.02 + 1.41 related

  • Haggar III Joseph

    Trustee

    Total calculated
    $0
    Hours/week
    0.02 + 1.41 related

  • Hum MD Lawrence

    Trustee

    Total calculated
    $0
    Hours/week
    0.02 + 1.41 related

  • Iruegas Javier

    Trustee

    Total calculated
    $0
    Hours/week
    0.02 + 1.41 related

  • Montgomery Lynn

    Trustee

    Total calculated
    $0
    Hours/week
    0.02 + 1.41 related

  • Nunez MD Ignacio

    Trustee

    Total calculated
    $0
    Hours/week
    0.02 + 1.41 related

  • Reeves Kenneth

    Trustee

    Total calculated
    $0
    Hours/week
    0.02 + 1.41 related

  • Weeks DNP Susan

    Trustee

    Total calculated
    $0
    Hours/week
    0.02 + 1.41 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

  • 1a · Discretionary spending account
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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)

Schedule J, Part I, Line 1a- Discretionary Spending Account
Each executive at the vice president level and above receives a perk allowance and flexible benefit allowance which is included in the taxable compensation of the employee. The perk allowance covers costs such as business use of their personal vehicles in lieu of reimbursement for auto mileage. The flexible benefit allowance can be used to purchase executive benefits on an after-tax basis.
Schedule J, Part I, LIne 3- CEO Compensation
The organization relied on Texas Health Resources (THR), a related 501(c)(3) organization with centralized compensation professionals to use the following methods to establish the compensation of the organization's top executive officer who is responsible for the daily operations of the hospital. * The Governance committee (which includes independent persons) performs reviews and makes recommendations to the THR Board to approve the overall payment philosophy. * An Independent compensation consultant may be hired. * Compensation surveys or studies are utilized. * Board or Governance committee approves the executive compensation parameters within the executive compensation philosophy. The President is a corporate officer providing oversight of the COO/CNO and whose compensation is paid and determined by THR.
Schedule J, Part I, Line 4B-Nonqualified Retirement Plan
Participation in the THR plans is made available to a select group of management and highly compensated employees who are providing services in key positions of management and/or responsibility and who are determined by the THR Board of Trustees. SERP: For the active restoration account (Account balances after 12/31/2009) SERP benefits vest while the participant is employed if the participant: * Reaches age 65 * Becomes disabled or dies, * Reaches the following years of service: 2 Years - 25%; 3 Years - 50%; 4 Years - 75% and 5 or more years - 100% Participants must be employed on Dec 1 to qualify for the current year's SERP Benefit unless separation is due to death, disability, retirement (Age 65) or early retirement (separation from service at or after age 55 with 75 years of combined age and service with the system.) SERP benefits are calculated each Dec 1. Vested balances are taxed to the employee and the net balances begin accruing earnings. Vested balances are paid in a cash lump sum within a 90-day period commencing on the earlier of death, disability, or separation from service. The deferred portion is included in Schedule J, Part II, column C. In frozen restoration accounts (account balances prior to 1/1/2010), the participant or beneficiary shall be taxed on his or her vested SERP benefits upon the earliest of: * Continued employment in THR until age 68 * Termination of employment for disability or death * Involuntary termination of employment without reasonable cause; or * Satisfying a 24 month non-compete period following his/her termination of employment. Payment follows the before mentioned events, except in the case of involuntary separation when the participant must wait 24 months to receive the previously taxed benefit. LTIP: The Long Term Incentive Plan covers 2, 3 or 4 years. Payouts are made over 2, 3, or 4 years after key performance goals are met. Benefits vest if they are employed at the end of the year the payout is made. Payments can also be made if separation is due to death, disability, retirement (Age 65) or early retirement (separation from service at or after age 55 with 75 years of combined age and service with the system.) In the case of retirement and early retirement, CEO approval must be obtained and a non-compete must be satisfied prior to the end of year payout. Retention: A retention agreement may be offered to an executive in a key position or based on succession planning needs of the system. The length of the retention period will be dependent upon the needs of the organization to retain the key executive. Payments are made within 2 months following the end of the retention period. Payouts to the following employees were made during the year for all the plans listed above. The amounts below are included in the amount reported on Sch J, Part II, Column B(iii) and Column (F). Berdan,Barclay E. 731,476 Floren, Joshua Andrew 67,565 Jackson,David W. 53,142 King, James Kirk 182,417 Kramer,Kenneth J. 174,260 McWhorter,Ricky E. 197,608 Whiteley,John E 51,242

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.

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

1 distribution to a recipient named as a person, $6,466,377. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202403179349300320

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