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Nonprofiteer
← PRINCETON HEALTHCARE SYSTEM INC

Form 990 for tax year 2023

Filed by PRINCETON HEALTHCARE SYSTEM INC.

Totals

Total revenue
$3,964,512
Total expenses
$2,416,181
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$2,174,562
Management and general expenses
$241,619
Fundraising expenses
$0
Program service expenses (Part III)
$2,174,562

Program services were 90.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KEVIN B MAHONEY

    TRUSTEE- CEO-UPHS

    Total calculated
    $2,797,907
    From this org
    $0
    From related orgs
    $2,777,146
    Other
    $20,761
    Hours/week
    1 + 6 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,801,543 related
    Bonus
    $0 + $938,400 related
    Other
    $0 + $37,203 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $20,761 related
    Filer's total
    $0 + $2,797,907 related

  • ROBERT VONDERHEIDE MD

    TRUSTEE

    Total calculated
    $1,026,545
    From this org
    $0
    From related orgs
    $964,230
    Other
    $62,315
    Hours/week
    1 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $623,395 related
    Bonus
    $0 + $270,682 related
    Other
    $0 + $70,153 related
    Deferred
    $0 + $44,764 related
    Nontaxable benefits
    $0 + $17,551 related
    Filer's total
    $0 + $1,026,545 related

  • JAMES G DEMETRIADES

    TRUSTEE- PRESIDENT & CEO

    Total calculated
    $924,794
    From this org
    $0
    From related orgs
    $827,126
    Other
    $97,668
    Hours/week
    1 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $514,858 related
    Bonus
    $0 + $219,383 related
    Other
    $0 + $92,885 related
    Deferred
    $0 + $79,500 related
    Nontaxable benefits
    $0 + $18,168 related
    Filer's total
    $0 + $924,794 related

  • GUILHERME VALLADARES MBA

    ASSISTANT TREASURER

    Total calculated
    $491,721
    From this org
    $0
    From related orgs
    $469,003
    Other
    $22,718
    Hours/week
    5 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $389,615 related
    Bonus
    $0 + $78,004 related
    Other
    $0 + $1,384 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $22,718 related
    Filer's total
    $0 + $491,721 related

  • ROSEMARIE COSTAGLIOLA

    ASSISTANT SECRETARY

    Total calculated
    $145,992
    From this org
    $0
    From related orgs
    $133,860
    Other
    $12,132
    Hours/week
    5 + 49 related

  • ANTHONY KUCZINSKI

    TRUSTEE- CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • CALVIN L BUTTS JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • HEATHER M VAN RAALTE MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KIM PIMLEY

    EX-OFFICIO TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LEONARD GROSSMAN MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LORI FELDSTEIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MICHAEL MARDY

    TRUSTEE- TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • MYRON M GELLMAN

    TRUSTEE - VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PHILIP CARCHMAN

    TRUSTEE - SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SAMIT HIRAWAT MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • W THOMAS GUTOWSKI MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • ALEXANDER WOLFSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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

  • 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 3
TOP MANAGEMENT COMPENSATION AS PROVIDED IN THE FORM 990, SCHEDULE J INSTRUCTIONS, SINCE THE ORGANIZATION RELIES ON A RELATED ORGANIZATION WHICH USES ONE OR MORE OF THE METHODS DESCRIBED IN LINE 3 TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION, THIS QUESTION HAS BEEN LEFT UNANSWERED. REFER TO SCHEDULE O FOR A DESCRIPTION OF THE COMPENSATION REVIEW AND APPROVAL PROCESS. ------------------------------
SCHEDULE J, PART I, LINE 4B
SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PARTICIPATION CERTAIN TRUSTEES, OFFICERS AND/OR KEY EMPLOYEES OF THIS ORGANIZATION ARE COMPENSATED BY A RELATED ORGANIZATION, THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA ("UNIVERSITY"). THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("HEALTH SYSTEM") MAINTAINS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") DESIGNED FOR SENIOR ADMINISTRATORS OF THE HEALTH SYSTEM, AS DESIGNATED BY THE BOARD OF TRUSTEES, WHO ARE ACTIVELY EMPLOYED BY THE HEALTH SYSTEM WHEN THE CONTRIBUTIONS ARE MADE. VESTING IN THE SERP OCCURS AFTER EACH THREE YEARS OF PARTICIPATION AND UPON THE OCCURRENCE OF CERTAIN EVENTS (ATTAINMENT OF AGE 65, DEATH, DISABILITY, OR INVOLUNTARY TERMINATION WITHOUT "CAUSE"). CONTRIBUTIONS FOR THOSE WHO HAVE REACHED AGE 65 WILL BE FULLY VESTED WHEN MADE. UPON REACHING A VESTING DATE, PARTICIPANTS WILL AUTOMATICALLY RECEIVE A FULL DISTRIBUTION WHICH IS TAXABLE AS EARNED INCOME. PARTICIPANTS WHO VOLUNTARILY TERMINATE BEFORE VESTING WILL FORFEIT THE BALANCE IN THEIR ACCOUNTS. THE FOLLOWING INDIVIDUALS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A PARTICIPATED IN THE UNIVERSITY/HEALTH SYSTEM SERP PLAN DURING THE YEAR AND/OR RECEIVED DISTRIBUTIONS DURING THE YEAR: KEVIN B. MAHONEY - NO DISTRIBUTION JAMES G. DEMETRIADES - NO DISTRIBUTION THE HEALTH SYSTEM ALSO MAINTAINS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN DESIGNED FOR SENIOR FACULTY OF THE SCHOOL OF MEDICINE OF THE UNIVERSITY, AS DESIGNATED BY THE BOARD OF TRUSTEES, WHO ARE ACTIVELY EMPLOYED BY THE UNIVERSITY WHEN THE CONTRIBUTIONS ARE MADE (THE "CPUP SERP"). VESTING IN THE MED SERP OCCURS AFTER EVERY TEN YEARS OF PARTICIPATION AND UPON THE OCCURRENCE OF CERTAIN EVENTS (ATTAINMENT OF AGE 60, DEATH, DISABILITY, OR INVOLUNTARY TERMINATION WITHOUT "CAUSE"). CONTRIBUTIONS FOR THOSE WHO HAVE REACHED AGE 60 (WITH 2 OR MORE YEARS OF PARTICIPATION) WILL BE FULLY VESTED WHEN MADE. UPON REACHING A VESTING DATE, TAXES OWED WILL BE WITHDRAWN FROM THE PLAN, AND THE REMAINING AFTER-TAX BALANCE WILL REMAIN IN THE PLAN. PARTICIPANTS WILL AUTOMATICALLY RECEIVE A FULL DISTRIBUTION THE SUMMER AFTER THE YEAR IN WHICH THEY TERMINATE EMPLOYMENT, AT WHICH TIME ANY EARNINGS NOT YET TAXED WILL BE TREATED AS TAXABLE INCOME. PARTICIPANTS WHO VOLUNTARILY TERMINATE BEFORE VESTING WILL FORFEIT THE NON-VESTED BALANCE IN THEIR ACCOUNTS. THE FOLLOWING INDIVIDUALS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A PARTICIPATED IN THE CPUP SERP PLAN DURING THE YEAR: ROBERT VONDERHEIDE, M.D. - NO DISTRIBUTION --------------------

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
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202541359349308219

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