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← HEALTH RESEARCH AND EDUCATIONAL TRUST

Form 990 for tax year 2024

Filed by HEALTH RESEARCH AND EDUCATIONAL TRUST.

Totals

Total revenue
$6,636,124
Total expenses
$9,106,022
Contributions and grants received
$4,498,274
Grants paid
$281,940
Program service revenue
$1,881,040
Investment income
$236,587
Other revenue
$20,223
Total assets, end of year
$15,211,006
Total liabilities, end of year
$2,362,983
Net assets or fund balances, end of year
$12,848,023
Program services expenses (Part IX)
$5,115,829
Management and general expenses
$3,990,193
Fundraising expenses
$0
Program service expenses (Part III)
$9,106,022

Program services were 56.2% 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.

  • 1e · Government grants (contributions)

    $2,314,849

  • 1f · All other contributions, gifts and grants

    $2,183,425

  • 2a · Program service revenue: Education and Meetings

    total $1,360,412 · related or exempt $1,360,412

  • 2b · Program service revenue: SALES OF BOOKS AND DATA

    total $520,628 · related or exempt $520,628

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $194,531 · excluded $194,531

  • 5 · Royalties

    total $2,986 · excluded $2,986

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $185,535

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

    securities $143,479

  • 7c · Gain or loss

    securities $42,056 · other assets $0

  • 7d · Net gain or loss

    total $42,056 · excluded $42,056

  • 11a · Other revenue: Miscellaneous

    total $17,237 · related or exempt $17,237

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $17,237

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $120,000 · program services $120,000

  • 2 · Grants to domestic individuals

    total $161,940 · program services $161,940

  • 7 · Other salaries and wages

    total $3,601,954 · program services $2,016,158 · management and general $1,585,796

  • 8 · Pension plan contributions

    total $241,833 · program services $135,364 · management and general $106,469

  • 9 · Other employee benefits

    total $886,938 · program services $496,464 · management and general $390,474

  • 10 · Payroll taxes

    total $306,771 · program services $171,669 · management and general $135,102

  • 11b · Fees: legal

    total $5,860 · program services $3,667 · management and general $2,193

  • 11c · Fees: accounting

    total $40,476 · program services $25,330 · management and general $15,146

  • 11f · Fees: investment management

    total $7,980 · program services $4,994 · management and general $2,986

  • 11g · Fees: other

    total $1,227,307 · program services $768,083 · management and general $459,224 · fundraising $0

  • 12 · Advertising and promotion

    total $50,571 · program services $50,571

  • 13 · Office expenses

    total $210,974 · program services $210,974

  • 14 · Information technology

    total $90,204 · program services $90,204

  • 16 · Occupancy

    total $600,158 · management and general $600,158

  • 17 · Travel

    total $224,075 · program services $87,210 · management and general $136,865

  • 19 · Conferences, conventions and meetings

    total $575,342 · program services $19,562 · management and general $555,780

  • 23 · Insurance

    total $44,100 · program services $44,100

  • 24a · Other expenses: SHARED SERVICES

    total $694,612 · program services $694,612

  • 24b · Other expenses: EDUCATION AND TRAINING

    total $3,508 · program services $3,508

  • 24e · All other expenses

    total $11,419 · program services $11,419 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $99,596 · end of year $420,300

  • 4 · Accounts receivable

    beginning of year $657,992 · end of year $304,635

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $110,884 · end of year $34,567

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $13,434,623 · end of year $14,451,504

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $1,677,848 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $274,387 · end of year $183,732

  • 19 · Deferred revenue

    beginning of year $1,235,358 · end of year $1,087,423

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,091,828

  • 27 · Net assets without donor restrictions

    beginning of year $13,993,797 · end of year $12,365,923

  • 28 · Net assets with donor restrictions

    beginning of year $477,401 · end of year $482,100

Mission and programs · 2024

Mission

HRET is principally organized to assist health care organizations and the communities they serve to improve the efficiency, quality & accessibility of health care services by conducting applied research and demonstration projects & disseminating results through education, publications, & other media.

Activities or mission (Part I)

Assist health care organizations & communities to improve the efficiency, quality & accessibility of health care services.

  • HRET'S TRANSLATIONAL RESEARCH PROGRAM IDENTIFIES AND EXECUTES STRATEGIES AND METHODS TO DISSEMINATE AND IMPLEMENT RESEARCH FINDINGS, KNOWLEDGE, TOOLS, AND BEST PRACTICES.

    Expenses $5,211,394

  • QUALITY/COST/DISPARITIES: HRET CONDUCTS MANAGEMENT RESEARCH TO IMPROVE QUALITY, REDUCING COSTS, AND ELIMINATING DISPARITIES. NUMEROUS RESEARCH PROJECTS WORKED WITH HOSPITALS NATIONALLY TO REDUCE INFECTIONS AND TO IMPROVE SAFETY CULTURE SCORES. IN ADDITION, HRET PROVIDES HOSPITALS WITH TOOLS AND TRAINING MATERIALS COMPILED FROM VARIOUS SURVEYS CONDUCTED TO HELP EDUCATE HEALTHCARE PROFESSIONALS.

    Expenses $3,494,784 · Grants $281,940 · Revenue $1,898,277

  • Research and development of resources addressing best practices and models for population health and community partnerships. Leadership training in health care transformation for hospital leaders.

    Expenses $399,844

As filed on the 2024 return.

Listed in Part VII

  • Christopher M Derienzo

    PRESIDENT

    Total calculated
    $1,061,567
    From this org
    $0
    From related orgs
    $886,847
    Other
    $174,720
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $675,413 related
    Bonus
    $0 + $176,250 related
    Other
    $0 + $35,184 related
    Deferred
    $0 + $128,695 related
    Nontaxable benefits
    $0 + $46,025 related
    Filer's total
    $0 + $1,061,567 related

  • Heidi Duncan

    CHAIR

    Total calculated
    $3,119
    From this org
    $0
    From related orgs
    $3,119
    Other
    $0
    Hours/week
    5 + 1 related

  • Russell R Gronewold

    BOARD MEMBER

    Total calculated
    $2,504
    From this org
    $0
    From related orgs
    $2,504
    Other
    $0
    Hours/week
    1 + 1 related

  • Andrew J Jager

    SR DIRECTOR, POP HEALTH

    Total calculated
    $225,693
    From this org
    $184,018
    From related orgs
    $0
    Other
    $41,675
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,427
    Bonus
    $7,830
    Other
    $2,761
    Deferred
    $11,335
    Nontaxable benefits
    $30,340
    Filer's total
    $225,693

  • Daniel J Delgado

    Senior Director of Finance and Compliance

    Total calculated
    $271,129
    From this org
    $210,954
    From related orgs
    $0
    Other
    $60,175
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,717
    Bonus
    $14,815
    Other
    $6,422
    Deferred
    $13,150
    Nontaxable benefits
    $47,025
    Filer's total
    $271,129

  • Kristin L Preihs

    SR DIRECTOR CLINICAL QUALITY

    Total calculated
    $183,603
    From this org
    $169,884
    From related orgs
    $0
    Other
    $13,719
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,685
    Bonus
    $7,020
    Other
    $1,179
    Deferred
    $10,179
    Nontaxable benefits
    $3,540
    Filer's total
    $183,603

  • Marie Cleary-Fishman

    VP Clinical Quality

    Total calculated
    $315,649
    From this org
    $266,924
    From related orgs
    $0
    Other
    $48,725
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,953
    Bonus
    $23,793
    Other
    $25,178
    Deferred
    $16,286
    Nontaxable benefits
    $32,439
    Filer's total
    $315,649

  • Nancy A Myers PhD

    VP Leadership & System Innovation

    Total calculated
    $304,753
    From this org
    $272,262
    From related orgs
    $0
    Other
    $32,491
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,260
    Bonus
    $23,793
    Other
    $13,209
    Deferred
    $16,286
    Nontaxable benefits
    $16,205
    Filer's total
    $304,753

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
  • 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
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Discretionary spending account
TAXABLE BENEFIT ALLOWANCES WERE MADE AVAILABLE TO THE PRESIDENT OF HRET. THE RELATED BENEFIT WAS INCLUDED IN THE PRESIDENT'S TAXABLE COMPENSATION.
Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
The HRET President is an executive of the American Hospital Association (AHA) and reports to the AHA COO. The AHA COO participates in setting goals for performance of the HRET president and in measuring performance against these goals. The AHA Executive Compensation Committee (Committee) is composed of the members of the Executive Committee of the AHA Board of Trustees excluding the AHA President. The Committee does not include any individual whose compensation it reviews. The Committee engages an independent compensation consultant to produce annual comparable salary data for the AHA executive serving as the HRET president as appropriate, and makes recommendations for compensation adjustments, consistent with existing compensation agreements, policies and procedures. On an annual basis, the Committee evaluates the compensation of the AHA executive serving as the HRET president based on the annual market assessment completed by the independent compensation consultant. The AHA COO evaluates the performance of the AHA executive serving as the HRET president against annual performance goals and determines any earned performance-based reward. The final compensation package of the AHA executive serving as the HRET President is documented in a written employment agreement.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
DURING THE 2024 CALENDAR YEAR, AMERICAN HOSPITAL ASSOCIATION, A RELATED TAX EXEMPT ENTITY, MAINTAINED A SUPPLEMENTAL NON-QUALIFIED DEFERRED COMPENSATION PLAN. THE FOLLOWING REPORTABLE INDIVIDUALS WERE ELIGIBLE TO PARTICIPATE IN THAT PLAN: - CHRISTOPHER DERIENZO DURING 2024, THE FOLLOWING CONTRIBUTIONS WERE MADE BY AHA TO THE PLAN: - CHRISTOPHER DERIENZO - $107,995 DURING 2024, THE FOLLOWING DISTRIBUTIONS (INCLUDING ACCRUED EARNINGS) WERE MADE BY AHA FROM THE PLAN: - NONE ALL VESTED/PAID OUT AMOUNTS WERE TREATED AS TAXABLE AND INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III).
Schedule J, Part I, Line 7 Non-fixed payments
The AHA has established an incentive award program for employees when the AHA meets and exceeds its operational effectiveness goals for a calendar year. Awards are determined after the end of the calendar year and after review and approval of AHA's organizational performance by the EXECUTIVE COMMITTEE OF THE AHA Board OF TRUSTEES.

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 corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Health Forum Inc

    C Corporation · INFORMATIONAL RESOURCES · IL · share of income $0 · share of assets $0

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.1
Source object
202543179349311719

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