Skip to content
Nonprofiteer
← ADVENTHEALTH SENIOR CARE INC

Form 990 for tax year 2024

Filed by ADVENTHEALTH SENIOR CARE INC.

Totals

Total revenue
$42,576,706
Total expenses
$73,016,457
Contributions and grants received
$5,000
Grants paid
$0
Program service revenue
$42,283,019
Investment income
$288,687
Other revenue
$0
Total assets, end of year
$43,846,113
Total liabilities, end of year
$35,727,798
Net assets or fund balances, end of year
$8,118,315
Program services expenses (Part IX)
$61,628,042
Management and general expenses
$11,388,415
Fundraising expenses
$0
Program service expenses (Part III)
$61,628,042

Program services were 84.4% 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

    $5,000

  • 2a · Program service revenue: Medical Fees - Medicare Advantage

    total $36,184,586 · related or exempt $36,184,586

  • 2b · Program service revenue: Net Patient Revenue

    total $4,760,045 · related or exempt $4,760,045

  • 2c · Program service revenue: Affiliated Fees Revenue

    total $1,302,924 · related or exempt $1,302,924

  • 2f · All other program service revenue

    total $35,464 · related or exempt $35,464

  • 3 · Investment income

    total $193,209 · excluded $193,209

  • 7a · Gross sales of assets other than inventory

    securities $95,725

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

    securities $0 · other assets $247

  • 7c · Gain or loss

    securities $95,725 · other assets -$247

  • 7d · Net gain or loss

    total $95,478 · excluded $95,478

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $4,575,758 · program services $3,054,917 · management and general $1,520,841

  • 7 · Other salaries and wages

    total $16,287,552 · program services $11,123,966 · management and general $5,163,586

  • 8 · Pension plan contributions

    total $340,760 · program services $238,612 · management and general $102,148

  • 9 · Other employee benefits

    total $3,615,709 · program services $2,246,203 · management and general $1,369,506

  • 10 · Payroll taxes

    total $1,220,704 · program services $854,778 · management and general $365,926

  • 11b · Fees: legal

    total $5,884 · management and general $5,884

  • 11f · Fees: investment management

    total $21,276 · management and general $21,276

  • 11g · Fees: other

    total $38,839,207 · program services $37,472,733 · management and general $1,366,474

  • 12 · Advertising and promotion

    total $851,381 · management and general $851,381

  • 13 · Office expenses

    total $479,930 · program services $219,061 · management and general $260,869

  • 14 · Information technology

    total $1,144,486 · program services $1,125,602 · management and general $18,884

  • 16 · Occupancy

    total $2,719,588 · program services $2,719,588

  • 17 · Travel

    total $283,382 · program services $26,124 · management and general $257,258

  • 19 · Conferences, conventions and meetings

    total $13,768 · management and general $13,768

  • 20 · Interest

    total $18,319 · program services $18,319

  • 22 · Depreciation, depletion and amortization

    total $1,587,180 · program services $1,587,180

  • 23 · Insurance

    total $288,113 · program services $252,272 · management and general $35,841

  • 24a · Other expenses: Medical Supplies

    total $449,214 · program services $449,214

  • 24b · Other expenses: Repairs & Maintenance

    total $231,659 · program services $231,659

  • 24c · Other expenses: Licenses & Permits

    total $7,702 · program services $7,702

  • 24d · Other expenses: Dues & Memberships

    total $3,291 · management and general $3,291

  • 24e · All other expenses

    total $31,594 · program services $112 · management and general $31,482

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $2,750

  • 2 · Savings and temporary cash investments

    beginning of year $8,565,642 · end of year $4,981,035

  • 4 · Accounts receivable

    beginning of year $223,582 · end of year $338,964

  • 9 · Prepaid expenses and deferred charges

    beginning of year $401,612 · end of year $1,383,874

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

    $22,260,462

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

    $2,758,098

  • 10c · Land, buildings and equipment, net

    beginning of year $16,296,738 · end of year $19,502,364

  • 15 · Other assets

    beginning of year $41,173,401 · end of year $17,637,126

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,891,890 · end of year $5,057,588

  • 25 · Other liabilities

    beginning of year $25,061,217 · end of year $30,670,210

  • 27 · Net assets without donor restrictions

    beginning of year $36,707,868 · end of year $8,118,315

Mission and programs · 2024

Mission

Adventist Health System Sunbelt Healthcare Corporation and all its subsidiary organizations were established by the Seventh-Day Adventist Church to bring a ministry of healing and health to the communities served. Our mission is to extend the healing ministry of Christ.The filing organization and healthcare system whose parent is Adventist Health System Sunbelt Healthcare Corporation is known as AdventHealth. AdventHealth seeks to be widely respected as a consumer-focused organization that engages individuals in their health by delivering wholistic, best practice care across a connected, comprehensive continuum of services. With Christ as our example, AdventHealth cares for and nurtures people: our employees, our communities, our healthcare professionals, and those who trust us for care and healing.

Activities or mission (Part I)

Provision of medical care and operation of primary care physician practices for seniors.

  • AdventHealth Well 65+ provides exceptional primary care that is customized to seniors' needs and goals after age 65. Well 65+ had 46,981 patient visits across 11 locations and 32 providers in 2024.

    Expenses $61,628,042 · Revenue $42,283,019

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stiltz Bryan

    Dir/Pres/CEO (End 10/24)

    Total calculated
    $2,035,369
    From this org
    $0
    From related orgs
    $1,848,121
    Other
    $187,248
    Hours/week
    7.5 + 42.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $776,959 related
    Bonus
    $0 + $840,355 related
    Other
    $0 + $230,807 related
    Deferred
    $0 + $151,203 related
    Nontaxable benefits
    $0 + $36,045 related
    Filer's total
    $0 + $2,035,369 related

  • Rodgers MD Robert

    Dir/CMO (End 09/24)

    Total calculated
    $766,594
    From this org
    $0
    From related orgs
    $643,745
    Other
    $122,849
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $438,252 related
    Bonus
    $0 + $116,286 related
    Other
    $0 + $89,207 related
    Deferred
    $0 + $91,687 related
    Nontaxable benefits
    $0 + $31,162 related
    Filer's total
    $0 + $766,594 related

  • Reyes Arnaldy MD Amy

    Director

    Total calculated
    $275,918
    From this org
    $234,283
    From related orgs
    $0
    Other
    $41,635
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $171,382
    Bonus
    $40,104
    Other
    $22,797
    Deferred
    $13,536
    Nontaxable benefits
    $28,099
    Filer's total
    $275,918

  • Niewald MD Andrew

    Director

    Total calculated
    $472,413
    From this org
    $417,983
    From related orgs
    $0
    Other
    $54,430
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $311,190
    Bonus
    $75,625
    Other
    $31,168
    Deferred
    $17,727
    Nontaxable benefits
    $36,703
    Filer's total
    $472,413

  • West Brandi

    Consumer Advocate

    Total calculated
    $543,272
    From this org
    $0
    From related orgs
    $434,842
    Other
    $108,430
    Hours/week
    0.1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $312,439 related
    Bonus
    $0 + $97,092 related
    Other
    $0 + $25,311 related
    Deferred
    $0 + $69,223 related
    Nontaxable benefits
    $0 + $39,207 related
    Filer's total
    $0 + $543,272 related

  • Guirguis MD Amir

    Director

    Total calculated
    $441,046
    From this org
    $399,555
    From related orgs
    $0
    Other
    $41,491
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $379,024
    Bonus
    $13,125
    Other
    $7,406
    Deferred
    $17,727
    Nontaxable benefits
    $23,764
    Filer's total
    $441,046

  • Newberg MD Matthew

    Director

    Total calculated
    $345,838
    From this org
    $294,917
    From related orgs
    $0
    Other
    $50,921
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $235,517
    Bonus
    $53,125
    Other
    $6,275
    Deferred
    $14,596
    Nontaxable benefits
    $36,325
    Filer's total
    $345,838

  • Haber DO Tanya

    Director

    Total calculated
    $404,930
    From this org
    $350,528
    From related orgs
    $0
    Other
    $54,402
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $285,229
    Bonus
    $49,479
    Other
    $15,820
    Deferred
    $17,727
    Nontaxable benefits
    $36,675
    Filer's total
    $404,930

  • Gray MD Kristen

    Director

    Total calculated
    $350,848
    From this org
    $315,035
    From related orgs
    $0
    Other
    $35,813
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $242,913
    Bonus
    $66,667
    Other
    $5,455
    Deferred
    $13,225
    Nontaxable benefits
    $22,588
    Filer's total
    $350,848

  • Eisenhut MD Joshua

    Director

    Total calculated
    $444,807
    From this org
    $393,976
    From related orgs
    $0
    Other
    $50,831
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $312,463
    Bonus
    $75,625
    Other
    $5,888
    Deferred
    $17,727
    Nontaxable benefits
    $33,104
    Filer's total
    $444,807

  • Libby MD Joseph

    Director

    Total calculated
    $319,115
    From this org
    $275,779
    From related orgs
    $0
    Other
    $43,336
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $238,501
    Bonus
    $31,250
    Other
    $6,028
    Deferred
    $12,321
    Nontaxable benefits
    $31,015
    Filer's total
    $319,115

  • Block Mark

    Medicare Beneficiary

    Total calculated
    $2,500
    From this org
    $0
    From related orgs
    $2,500
    Other
    $0
    Hours/week
    0.1 + 1 related

  • Moon Robert

    CFO

    Total calculated
    $397,836
    From this org
    $0
    From related orgs
    $360,707
    Other
    $37,129
    Hours/week
    8.3 + 41.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $262,740 related
    Bonus
    $0 + $67,545 related
    Other
    $0 + $30,422 related
    Deferred
    $0 + $18,516 related
    Nontaxable benefits
    $0 + $18,613 related
    Filer's total
    $0 + $397,836 related

  • Brady MD Scott

    CEO (Beg 10/2024)

    Total calculated
    $1,195,331
    From this org
    $0
    From related orgs
    $1,040,699
    Other
    $154,632
    Hours/week
    16.5 + 33.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $627,446 related
    Bonus
    $0 + $247,201 related
    Other
    $0 + $166,052 related
    Deferred
    $0 + $124,758 related
    Nontaxable benefits
    $0 + $29,874 related
    Filer's total
    $0 + $1,195,331 related

  • Hansen Christine

    COO (End 08/24)

    Total calculated
    $460,431
    From this org
    $0
    From related orgs
    $442,849
    Other
    $17,582
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $307,183 related
    Bonus
    $0
    Other
    $0 + $135,666 related
    Deferred
    $0 + $673 related
    Nontaxable benefits
    $0 + $16,909 related
    Filer's total
    $0 + $460,431 related

  • Cortes MD Joyce

    Physician

    Total calculated
    $348,563
    From this org
    $301,233
    From related orgs
    $0
    Other
    $47,330
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $264,616
    Bonus
    $31,094
    Other
    $5,523
    Deferred
    $16,434
    Nontaxable benefits
    $30,896
    Filer's total
    $348,563

  • Peck MD Benjamin

    Physician

    Total calculated
    $400,511
    From this org
    $373,056
    From related orgs
    $0
    Other
    $27,455
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $272,609
    Bonus
    $93,438
    Other
    $7,009
    Deferred
    $17,404
    Nontaxable benefits
    $10,051
    Filer's total
    $400,511

  • Nguyen MD Hugh

    Physician

    Total calculated
    $389,283
    From this org
    $341,244
    From related orgs
    $0
    Other
    $48,039
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $270,830
    Bonus
    $39,584
    Other
    $30,830
    Deferred
    $17,727
    Nontaxable benefits
    $30,312
    Filer's total
    $389,283

  • John MD Tobin

    Physician

    Total calculated
    $411,456
    From this org
    $358,826
    From related orgs
    $0
    Other
    $52,630
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $312,990
    Bonus
    $41,833
    Other
    $4,003
    Deferred
    $17,727
    Nontaxable benefits
    $34,903
    Filer's total
    $411,456

  • Siram MD Ramchandra

    Physician

    Total calculated
    $324,880
    From this org
    $304,564
    From related orgs
    $0
    Other
    $20,316
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $271,770
    Bonus
    $31,250
    Other
    $1,544
    Deferred
    $16,774
    Nontaxable benefits
    $3,542
    Filer's total
    $324,880

  • Pettijohn Kelly

    Former Officer

    Total calculated
    $959,875
    From this org
    $0
    From related orgs
    $838,530
    Other
    $121,345
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $451,693 related
    Bonus
    $0 + $232,925 related
    Other
    $0 + $153,912 related
    Deferred
    $0 + $98,412 related
    Nontaxable benefits
    $0 + $22,933 related
    Filer's total
    $0 + $959,875 related

  • Woods C Scott

    Former Key Employee

    Total calculated
    $745,958
    From this org
    $0
    From related orgs
    $645,776
    Other
    $100,182
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $419,570 related
    Bonus
    $0 + $121,175 related
    Other
    $0 + $105,031 related
    Deferred
    $0 + $62,506 related
    Nontaxable benefits
    $0 + $37,676 related
    Filer's total
    $0 + $745,958 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 · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Discretionary spending account
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 1a
The filing organization is a part of the system of healthcare organizations known as AdventHealth. Members of the filing organization's executive management team that hold the position of Vice-President or above are compensated by and on the payroll of Adventist Health System Sunbelt Healthcare Corporation (AHSSHC), the parent organization of the healthcare system known as AdventHealth. AHSSHC is exempt from federal income tax under IRC Section 501(c)(3). The filing organization reimburses AHSSHC for the salary and benefit cost of those executives listed in Part VII that are on the payroll of AHSSHC. At the direction of AHSSHC, and in accordance with the reserved powers in the filing organization's governing documents, the executive team listed on Part VII provides services to the filing organization. First-class or charter travel: Pursuant to the AdventHealth system-wide general policy regarding business travel, no reimbursement will be provided for any additional cost incurred with respect to first-class or charter air travel beyond the cost of a regular coach airfare. As a means of providing additional business travel reimbursement for those members of the AHSSHC senior executive management team that travel frequently on behalf of AdventHealth, a special annual travel allowance is provided for those executives. As AdventHealth operates 51 hospitals in 9 states, the senior leadership of AHSSHC travel extensively and often visit multiple hospital locations in different states as a part of a single business trip. The special travel allowance can provide reimbursements to the executive for such items as the purchase of air travel upgrade coupons or to cover the cost differential between coach and first-class travel. The special travel allowance benefit was originally authorized by and codified into a policy by the AHSSHC Board Compensation Committee (the Committee), an independent body of the AHSSHC Board of Directors, who also approves the annual cap on the amount of the allowance. The special travel allowance has an annual cap of $33,500 for Senior and System Executive Vice Presidents (generally 18 AdventHealth Executive Vice Presidents) and the Multi-State CFO, $20,000 for System Senior Vice Presidents, Regional CEO's and Division Chief Officers (generally 50-60 individual executives) and $7,500 for other executives whose role requires extensive travel (currently 4), as approved by the AdventHealth CEO. The AdventHealth System CEO does not have an annual cap. Two divisional CEOs and a divisional CFO for AdventHealth are listed on Part VII for the filing organization. The divisional CEOs and CFO for AdventHealth are considered common law employees of and are on the payroll of AHSSHC. While the special travel allowance benefit is an AHSSHC compensation policy and practice, the cost of providing this benefit is allocated to and either wholly or partially reimbursed by the filing organization. Accordingly, the filing organization has checked the box in Schedule J, Part I, line 1a for first-class or charter travel since it has wholly or partially paid for the cost of providing this benefit. Those executives who receive the special travel allowance are responsible for tracking the expenses reimbursable under the special travel allowance and must submit such expenses on their accountable plan expense report. Any taxable reimbursements made to executives under the special travel allowance arrangement are treated as taxable compensation to the executive. Travel for companions: AHSSHC has a Corporate Executive Policy that provides a benefit to allow for a traveling AHSSHC executive to have his or her spouse accompany the executive on certain business trips each year. Typically, reimbursement is only provided to certain executive leaders and is usually limited to one business trip per year beyond the annual AdventHealth President's Council business meeting and other meetings where the spouse is specifically invited. The AHSSHC Corporate Executive Spousal Travel Policy was originally approved and reviewed by the AHSSHC Board Compensation Committee, an independent body of the AHSSHC Board of Directors. All spousal travel costs reimbursed to the executive are considered taxable compensation to the executive. Tax Indemnification and gross-up payments: AdventHealth has a system-wide general policy addressing gross-up payments provided in connection with employer-provided benefits (other than relocation assistance provided to executives). Under the policy, certain taxable business-related reimbursements that are provided to any employee may be grossed up at a 25% rate upon approval by the filing organization's CEO and CFO. Additionally, employees at the Director level and above are eligible for gross-up payments on gifts received for board of director services. Discretionary spending account: Occasional discretionary spending amounts are periodically provided to eligible executives who attend annual business meetings such as the AdventHealth President's Council, CFO Conference or the CMO/CNO business meeting. Payments provided to each executive are considered taxable compensation to the executive.
Part I, Line 3
The individual who serves as the CEO of the filing organization is appointed and compensated by Adventist Health System Sunbelt Healthcare Corporation (AHSSHC). Compensation and benefits provided to this individual are determined pursuant to policies, procedures, and processes of AHSSHC that are designed to ensure compliance with the intermediate sanctions laws as set forth in IRC Section 4958. AHSSHC has taken steps to ensure that processes are in place to satisfy the rebuttable presumption of reasonableness standard as set forth in Treasury Regulation Section 53.4958-6 with respect to its active executive-level positions. The AHSSHC Board Compensation Committee (the Committee) serves as the governing body for all executive compensation matters. The Committee is composed of certain members of the Board of Directors (the Board) of AHSSHC. Voting members of the Committee include only individuals who serve on the Board as independent representatives, who hold no employment positions with AHSSHC and who do not have relationships with any of the individuals whose compensation is under their review that impacts their best independent judgment as fiduciaries of AHSSHC. The Committee's role is to review and approve all components of the executive compensation plan of AHSSHC. As an independent governing body with respect to executive compensation, it should be noted that the Committee will often confer in executive sessions on matters of compensation policy and policy changes. In such executive sessions, no members of management of AHSSHC are present, other than the Chief People Officer, who remains at the request of the Chairman/committee to provide assistance/information as needed. The Committee is advised by an independent third-party compensation advisor. This advisor prepares all the benchmark studies for the Committee. Compensation levels are benchmarked with a national peer group of other not-for-profit healthcare systems and hospitals of similar size and complexity to AdventHealth and each of its affiliated entities. The following principles guide the establishment of individual executive compensation: - The salary of the President/CEO of AdventHealth will not exceed the 50th percentile of comparable salaries paid by similarly situated organizations; and - Other executive salaries shall be established using market medians. The compensation philosophy, policies, and practices of AHSSHC are consistent with the organization's faith-based mission and conform to applicable laws, regulations, and business practices. As a faith-based organization sponsored by the Seventh-day Adventist Church (the Church), AHSSHC's philosophy and principles with respect to its executive compensation practices reflect the conservative approach of the Church's mission of service and were developed in counsel with the Church's leadership.
Part I, Lines 4a-b
During the year ending December 31, 2024, Christine Hansen received severance payments in the amount of $68,654. Pursuant to the AHSSHC Corporate Executive Policy governing executive severance, severance agreements for executives operating at the Vice President level and above are entered into upon eligibility to facilitate the transition to subsequent employment following an involuntary separation from employment with AdventHealth. As discussed in Line 1a above, executives on the filing organization's management team that hold the position of Vice-President or above are compensated by and on the payroll of Adventist Health System Sunbelt Healthcare Corporation (AHSSHC), the parent organization of the healthcare system known as AdventHealth. In recognition of the contribution that each executive makes to the success of AdventHealth, AdventHealth provides supplemental executive retirement benefit plans to eligible executives. As the supplemental executive retirement benefit plans were updated in 2020 and certain individuals still participate as grand-fathered participants in certain plans, the narrative below discusses all plans in which there were any participants in 2024. The SERP III plan effectively replaces the prior SERP II plan, the Executive Flex Benefit Program Plan, and the Senior Executive Death Benefit Plan for qualified executives except for certain grandfathered executive employees. SERP III Plan: The SERP III plan provides eligible executives a percentage of their base pay, which is credited to a deferred compensation account. The plan also provides for compensation deferral and selection of life insurance coverage and long-term care insurance. To be eligible to participate in the SERP III plan, executives must be on the AHSSHC corporate payroll and be either a CEO of an AdventHealth entity, an AHSSHC Vice President (VP) or VP of an AdventHealth entity with a base salary of at least $345,000 in 2024 (adjusted annually by the same percentage as IRC Section 401(a)(17) limit increases), or other leader specifically approved by the AdventHealth President. Eligible executives do not include grandfathered executives, meaning those executives who would satisfy all the eligibility requirements of the SERP II plan prior to Dec 31, 2027, had the plan not been amended and restated as of Jan. 1, 2020. Contribution credits will be established and maintained by class year accounts for each participant using tiered contribution credit percentages of annual base compensation. Contribution credit percentages range between 15% and 19% of base compensation. Contribution credits will be made each quarter in 25% increments with reductions in contributions if the executive is also a grandfathered FLEX participant (see below). SERP III provides for a class year vesting and payment schedule (7 years for each class year) with respect to amounts accumulated in the executive's deferred compensation account. Upon attainment of a normal retirement age (age 62), or upon certain other circumstances as defined in the SERP III plan document, all deferred amounts are paid immediately to the participant. For any executives working beyond the normal retirement age, future employer contributions will be made quarterly from SERP III directly to the participant as a taxable cash bonus. SERP II Plan: The SERP II plan is a defined benefit, non-tax-qualified deferred compensation plan for certain executives who have provided lengthy service to AdventHealth and/or to other Seventh-day Adventist Church hospitals or health care institutions. Under the provisions of the SERP II plan, benefits are provided to qualifying executive participants on a pro-rata schedule beginning with 20 years of service as an employee of AdventHealth and/or another hospital or health care institution controlled by the Seventh-day Adventist Church and who satisfy certain other qualifying criteria. Eligible employees are restricted to those executives who, as of January 1, 2020, satisfied, or if employment continues, will satisfy the eligibility requirements of SERP II prior to December 31, 2027. This supplemental executive retirement plan (SERP II) was designed to provide eligible executives with the economic equivalent of an annual income beginning at normal retirement age equal to 60% of the average of the participant's three, five or seven highest years of base salary from AdventHealth active employment inclusive of income from all other Seventh-day Adventist Church healthcare employer-financed retirement income sources and investment income earned on those contributions through social security normal retirement age as defined in the plan. The number of years included in highest average compensation is determined by the individual's year of entry to SERP II and by the individual's year of entry to the AdventHealth Executive FLEX Benefit Program. FLEX Plan: The Flex Plan was originally designed to provide eligible executives an opportunity to select from among a variety of supplemental benefits, including a split dollar life insurance policy and long-term care insurance, to individually tailor a benefits program appropriate to each executive's needs. In 2020, the Flex Plan was amended to exclude employed executives who are hired or promoted after a certain date from being eligible to participate in the Flex Plan except for certain insurance coverage features of the plan. The Flex Plan provides eligible participants a pre-determined benefits allowance credit that is equal to a percentage of the executive's base pay from which the cost of mandatory and elective employee benefits is deducted. The benefits allowance credit percentage for any plan year shall not be greater than the maximum dollar amount or the percentage of compensation as determined by the AdventHealth Benefits Administration Committee. For grandfathered eligible employees, the annual pre-determined Flex allowance is contributed and any funds that remain after the cost of mandatory and elective benefits are subtracted are, at the employee's option, contributed to either an IRC 457(f) deferred compensation account or to an IRC 457(b) eligible deferred compensation plan. Upon attainment of age 65, all previous 457(f) deferred amounts are paid immediately to the participant and any future employer contributions are made quarterly from the Plan directly to the participant. The Plan provides for a class year vesting schedule (2 years for each class year) with respect to amounts accumulated in the executive's 457(f) deferred compensation account. Distributions could also be made from the executive's 457(f) deferred compensation account upon attainment of age 65 or upon an involuntary separation. The account will be forfeited by the executive upon a voluntary separation. With respect to grandfathered participants, the Flex Plan documents define eligible employees to include the Chief Executive Officers of AdventHealth entities and Vice Presidents of all AdventHealth entities whose base salary was at least equal to the Internal Revenue Code Section 401(a)(17) compensation limit each year.
Schedule J, Part I, Line 4b (Continued):
FLEX Plan FLEX Plan SERP II SERP III Contr. Distr.* Contr./Distr. Contr. Stiltz, Bryan $ 155,687 $ 120,928 $ 9,718 $ 0 Brady, Scott $ 106,242 $ 91,622 $ 0 $ 0 Pettijohn, Kelly $ 79,896 $ 52,080 $ 0 $ 0 Rodgers, Robert $ 0 $ 0 $ 0 $ 73,171 Woods, C. Scott $ 52,677 $ 22,018 $ 0 $ 14,313 West, Brandi $ 0 $ 0 $ 0 $ 50,707 * Including Investment Earnings

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
202533209349301613

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.