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Nonprofiteer
← TIDALHEALTH INC

Form 990 for tax year 2022

Filed by TIDALHEALTH INC.

Totals

Total revenue
$179,012,279
Total expenses
$232,507,559
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$178,166,249
Investment income
$842,994
Other revenue
$3,036
Total assets, end of year
$848,592,168
Total liabilities, end of year
$162,015,257
Net assets or fund balances, end of year
$686,576,911
Program services expenses (Part IX)
$218,278,890
Management and general expenses
$14,228,669
Fundraising expenses
$0
Program service expenses (Part III)
$218,278,890

Program services were 93.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • STEVEN LEONARD

    PRESIDENT/CEO

    Total calculated
    $1,207,950
    From this org
    $1,129,120
    From related orgs
    $0
    Other
    $78,830
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    $827,741
    Bonus
    $201,322
    Other
    $100,057
    Deferred
    $59,239
    Nontaxable benefits
    $19,591
    Filer's total
    $1,207,950

  • RYAN MCLAUGHLIN

    CHAIRPERSON

    Total calculated
    $30,000
    From this org
    $30,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2 related

  • DAVID ROMMEL

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • MEMO DIRIKER

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • DEBORAH ABBOTT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TIMOTHY BENNING MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • THOMAS COATES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • HERBERT J GEARY III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARK HIGDON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARTIN NEAT

    BOARD MEMBER THRU 12/22

    Total calculated
    $0
    Hours/week
    1

  • THOMAS RICCIO MD

    BOARD MEMBER THRU 12/22

    Total calculated
    $0
    Hours/week
    1

  • ANDREA WILLIAMS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARIA LEHMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MONTGOMERY SAYLER

    BOARD MEMBER THRU 12/22

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MICHELE PROCINO-WELLS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • HEIDI ANDERSON

    BOARD MEMBER BEG 04/23

    Total calculated
    $0
    Hours/week
    1

  • KAREN POISKER

    BOARD MEMBER BEG 1/23

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • VEL NATESAN MD

    BOARD MEMBER BEG 1/23

    Total calculated
    $274,577
    From this org
    $274,577
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

    Schedule J breakdown matched by us

    Base
    $274,577
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $274,577

  • BRUCE I RITCHIE

    CFO THRU 01/23

    Total calculated
    $895,923
    From this org
    $732,177
    From related orgs
    $0
    Other
    $163,746
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    $587,979
    Bonus
    $98,932
    Other
    $45,266
    Deferred
    $150,388
    Nontaxable benefits
    $13,358
    Filer's total
    $895,923

  • LURA LUNSFORD

    V.P. OPERATIONS

    Total calculated
    $816,645
    From this org
    $748,468
    From related orgs
    $0
    Other
    $68,177
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    $643,959
    Bonus
    $90,988
    Other
    $13,521
    Deferred
    $62,423
    Nontaxable benefits
    $5,754
    Filer's total
    $816,645

  • TRUDY HALL MD

    V.P. CHIEF MEDICAL OFF. BEG 07/22

    Total calculated
    $293,117
    From this org
    $260,186
    From related orgs
    $0
    Other
    $32,931
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    $239,999
    Bonus
    $0
    Other
    $20,187
    Deferred
    $11,344
    Nontaxable benefits
    $21,587
    Filer's total
    $293,117

  • STEPHANIE GARY

    CFO BEG 01/23

    Total calculated
    $518,852
    From this org
    $475,048
    From related orgs
    $0
    Other
    $43,804
    Hours/week
    1 + 53 related

    Schedule J breakdown matched by us

    Base
    $413,584
    Bonus
    $56,372
    Other
    $5,092
    Deferred
    $32,654
    Nontaxable benefits
    $11,150
    Filer's total
    $518,852

  • STEVEN HEARNE MD

    PHYSICIAN

    Total calculated
    $1,083,052
    From this org
    $1,008,008
    From related orgs
    $0
    Other
    $75,044
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $794,525
    Bonus
    $130,513
    Other
    $82,970
    Deferred
    $53,506
    Nontaxable benefits
    $21,538
    Filer's total
    $1,083,052

  • WILLIAM DORAN DO

    PHYSICIAN

    Total calculated
    $1,067,733
    From this org
    $1,009,703
    From related orgs
    $0
    Other
    $58,030
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $785,049
    Bonus
    $133,436
    Other
    $91,218
    Deferred
    $38,264
    Nontaxable benefits
    $19,766
    Filer's total
    $1,067,733

  • JAMES TODD MD

    PHYSICIAN

    Total calculated
    $1,055,638
    From this org
    $957,755
    From related orgs
    $0
    Other
    $97,883
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $881,537
    Bonus
    $75,000
    Other
    $1,218
    Deferred
    $93,011
    Nontaxable benefits
    $4,872
    Filer's total
    $1,055,638

  • ZACHARY BAKER MD

    PHYSICIAN

    Total calculated
    $1,033,009
    From this org
    $976,108
    From related orgs
    $0
    Other
    $56,901
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $877,390
    Bonus
    $75,000
    Other
    $23,718
    Deferred
    $39,573
    Nontaxable benefits
    $17,328
    Filer's total
    $1,033,009

  • FAWAD KHAN MD

    PHYSICIAN

    Total calculated
    $997,503
    From this org
    $938,337
    From related orgs
    $0
    Other
    $59,166
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $862,119
    Bonus
    $75,000
    Other
    $1,218
    Deferred
    $39,573
    Nontaxable benefits
    $19,593
    Filer's total
    $997,503

  • CHARLES SILVIA JR MD

    FMR VP CHIEF MEDICAL OFF. THRU 01/22

    Total calculated
    $179,022
    From this org
    $158,693
    From related orgs
    $0
    Other
    $20,329
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $38,494
    Bonus
    $0
    Other
    $120,199
    Deferred
    $20,329
    Nontaxable benefits
    $0
    Filer's total
    $179,022

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 · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
TRAVEL FOR COMPANIONS TIDALHEALTH, INC. (THI) PROVIDES TRAVEL FOR COMPANIONS OF BOARD MEMBERS AND REPORTS THE VALUE OF THE COMPENSATION PROVIDED AS TAXABLE TO THE RECIPIENT. THIS POLICY HAS BEEN APPROVED BY THE BOARD.
SCHEDULE J PART I, LINE 4B:
SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN THI HAS A NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN (UNDER SECTION 457 (F)). THIS PLAN WAS APPROVED BY THE COMPENSATION COMMITTEE OF THE THI BOARD OF DIRECTORS TO SUPPLEMENT THE EXECUTIVE'S RETIREMENT INCOME. THE SUPPLEMENTAL RETIREMENT PLAN WAS DEVELOPED BASED ON AN INDEPENDENT CONSULTANT REPORT ON MARKET-BASED PRACTICES FOR SUPPLEMENTAL RETIREMENT PLANS. THE PERCENTAGE OF FINAL AVERAGE PAY, THE REQUIREMENTS FOR VESTING, PARTICIPANTS, AND PAY-OUT PROVISIONS WERE ESTABLISHED, REVIEWED, AND APPROVED BY THE COMPENSATION COMMITTEE. THE CONTRIBUTIONS TO THE SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN ARE INCLUDED IN SCHEDULE J, PART II, COLUMN C OR IN SCHEDULE J, PART II, COLUMN B(III) AS PART OF DEFERRED COMPENSATION. THE FOLLOWING INDIVIDUALS PARTICIPATED IN THIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: STEVEN LEONARD BRUCE RITCHIE JAMES TODD, M.D. ZACHARY BAKER, M.D. STEVEN HEARNE, M.D. THI PROVIDED THE FOLLOWING FUNDING AMOUNT DURING 2022: JAMES TODD, M.D. - $50,000 STEVEN HEARNE RECEIVED A DISTRIBUTION OF $81,752 DURING 2022 BASED ON HIS PLAN'S VESTING DATE.
PART I, LINE 6A, 6B AND 7:
CONTINGENT COMPENSATION AND NON-FIXED PAYMENTS OFFICERS AND KEY EMPLOYEES OF TIDALHEALTH INC. ARE PAID COMPENSATION DETERMINED BY A NUMBER OF VARIABLES INCLUDING BUT NOT LIMITED TO INDIVIDUAL GOALS AS WELL AS ORGANIZATION OPERATIONAL ACHIEVEMENTS IN SERVICE, QUALITY, SAFETY, EMPLOYEE SATISFACTION, AND COST. THE FINAL DETERMINATION OF THE CONTINGENT COMPENSATION AMOUNT IS DETERMINED AND APPROVED BY THE BOARD AS PART OF THE OVERALL COMPENSATION REVIEW OF OFFICERS AND KEY EMPLOYEES. VARIABLE COMPENSATION PAYMENTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN B(II) AND REFLECT ATTAINMENT OF CERTAIN GOALS. ALSO INCLUDED IN THAT COLUMN ARE PRODUCTIVITY PAYMENTS OF $133,436 (DORAN) AND $75,513(HEARNE).

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.

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.

  • PENINSULA HEALTH VENTURES (PHV)

    C · P'SHIP INVESTMENT · MD · 100% owned · share of income $902,303 · share of assets $31,748,617 · controlled entity

    Directly controlled by TIDALHEALTH INC

  • PRLTC INC

    C · LONG TERM CARE · MD · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202421359349312657

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