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Nonprofiteer
← TRINITY HEALTH SYSTEMS INC

Form 990 for tax year 2023

Filed by TRINITY HEALTH SYSTEMS INC.

Totals

Total revenue
$3,367,240
Total expenses
$3,381,525
Contributions and grants received
$1,000,000
Grants paid
$0
Program service revenue
$2,385,632
Investment income
-$18,392
Other revenue
$0
Total assets, end of year
$31,616,871
Total liabilities, end of year
$1,134,167
Net assets or fund balances, end of year
$30,482,704
Program services expenses (Part IX)
$1,306,485
Management and general expenses
$2,075,040
Fundraising expenses
$0
Program service expenses (Part III)
$1,306,485

Program services were 38.6% 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

    $1,000,000

  • 2a · Program service revenue: MGMT & SUPPORT SVCS

    total $2,385,632 · related or exempt $103,870 · unrelated business $2,281,762

  • 3 · Investment income

    total -$19,336 · excluded -$19,336

  • 7a · Gross sales of assets other than inventory

    securities $944

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

    securities $0

  • 7c · Gain or loss

    securities $944

  • 7d · Net gain or loss

    total $944 · excluded $944

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,306,485 · program services $1,306,485

  • 7 · Other salaries and wages

    total $1,686,759 · management and general $1,686,759

  • 8 · Pension plan contributions

    total $4,406 · management and general $4,406

  • 9 · Other employee benefits

    total $231,931 · management and general $231,931

  • 10 · Payroll taxes

    total $133,130 · management and general $133,130

  • 11f · Fees: investment management

    total $5,131 · management and general $5,131

  • 13 · Office expenses

    total $3,531 · management and general $3,531

  • 17 · Travel

    total $3,385 · management and general $3,385

  • 22 · Depreciation, depletion and amortization

    total $6,815 · management and general $6,815

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total -$48 · management and general -$48

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $131,953 · end of year $3,556

  • 2 · Savings and temporary cash investments

    beginning of year $100,252 · end of year $3,091

  • 7 · Other notes and loans receivable

    beginning of year $163,072 · end of year $102,512

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

    $62,699

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

    $56,254

  • 10c · Land, buildings and equipment, net

    beginning of year $13,260 · end of year $6,445

  • 11 · Investments: publicly traded securities

    beginning of year $731,669 · end of year $770,369

  • 13 · Investments: program-related

    beginning of year $30,730,898 · end of year $30,730,898

  • 17 · Accounts payable and accrued expenses

    beginning of year $465,347 · end of year $223,334

  • 25 · Other liabilities

    beginning of year $898,103 · end of year $910,833

  • 27 · Net assets without donor restrictions

    beginning of year $30,507,654 · end of year $30,482,704

Mission and programs · 2023

Mission

TO IMPROVE THE HEALTH OF THE CITIZENS OF OUR COMMUNITIES AND REGIONS BY PROVIDING QUALITY HEALTHCARE IN AN EFFICIENT AND COST-EFFECTIVE MANNER.

Activities or mission (Part I)

TO IMPROVE THE HEALTH OF THE CITIZENS OF OUR COMMUNITIES AND REGIONS.

  • AFFILIATE SUPPORT SERVICESTRINITY HEALTH SYSTEMS, INC. IS ORGANIZED TO SUPPORT THE MISSIONS OF SEVERAL RELATED CHARITABLE, TAX-EXEMPT ORGANIZATIONS INCLUDING TRINITY REGIONAL MEDICAL CENTER, TRINITY HEALTH FOUNDATION, TRIMARK PHYSICIANS GROUP, AND NORTH CENTRAL IOWA MENTAL HEALTH CENTER, INC. DBA BERRYHILL CENTER FOR MENTAL HEALTH. THE SUPPORT SERVICES PROVIDED TO THESE ORGANIZATIONS ARE TO CONSTRUCT, OWN, LEASE, MANAGE, OPERATE, PROVIDE AND MAINTAIN ANY FACILITIES, PROGRAMS, SERVICES (MANAGEMENT OR OTHERWISE) AND RELATED ACTIVITIES, IN FURTHERANCE OF HEALTH CARE OR HEALTH EDUCATION. FACILITIES INCLUDE TRINITY REGIONAL MEDICAL CENTER, AND BERRYHILL CENTER FOR MENTAL HEALTH AND OTHER ESTABLISHMENTS CREATED TO CARRY THROUGH HEALTH CARE AND EDUCATIONAL PROGRAMS. THE PRIMARY PURPOSE OF THE CORPORATION IS TO ENGAGE IN AND CONDUCT CHARITABLE, EDUCATIONAL, RELIGIOUS AND SCIENTIFIC ACTIVITIES IN ACCORDANCE WITH PREVIOUSLY STATED PURPOSES.

    Expenses $1,306,485 · Revenue $2,385,632

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

Listed in Part VII

  • Charles Clayton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Neven Conrad

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Chris Frideres

    BOARD SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mike Frischmeyer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Leah Glasgo - Board Member

    & PRESIDENT/CEO (SC & FD)

    Total calculated
    $981,003
    From this org
    $886,332
    From related orgs
    $0
    Other
    $94,671
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $583,501
    Bonus
    $294,876
    Other
    $7,955
    Deferred
    $61,107
    Nontaxable benefits
    $33,564
    Filer's total
    $981,003

  • Debra Johnson

    BOARD MEMBER

    Total calculated
    $7,250
    From this org
    $0
    From related orgs
    $7,250
    Other
    $0
    Hours/week
    1 + 1 related

  • Keith Kolacia

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael Lee MD

    BOARD MEMBER

    Total calculated
    $485,644
    From this org
    $0
    From related orgs
    $454,861
    Other
    $30,783
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $428,765 related
    Bonus
    $0 + $20,000 related
    Other
    $0 + $6,096 related
    Deferred
    $0 + $6,600 related
    Nontaxable benefits
    $0 + $24,183 related
    Filer's total
    $0 + $485,644 related

  • Jill Nelson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Lincoln Wallace MD

    BOARD VICE CHAIR

    Total calculated
    $381,878
    From this org
    $0
    From related orgs
    $329,375
    Other
    $52,503
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $327,311 related
    Bonus
    $0
    Other
    $0 + $2,064 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $36,003 related
    Filer's total
    $0 + $381,878 related

  • Michael Willerth MD

    BOARD MEMBER

    Total calculated
    $724,425
    From this org
    $0
    From related orgs
    $683,278
    Other
    $41,147
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $635,110 related
    Bonus
    $0 + $45,000 related
    Other
    $0 + $3,168 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $24,647 related
    Filer's total
    $0 + $724,425 related

  • Sarah Marsh

    VP FINANCE

    Total calculated
    $325,483
    From this org
    $283,879
    From related orgs
    $0
    Other
    $41,604
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $224,453
    Bonus
    $56,746
    Other
    $2,680
    Deferred
    $14,696
    Nontaxable benefits
    $26,908
    Filer's total
    $325,483

  • Steven Colerick

    CEO - BUENA VISTA REG. MED. CTR

    Total calculated
    $378,540
    From this org
    $331,080
    From related orgs
    $0
    Other
    $47,460
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $301,251
    Bonus
    $29,691
    Other
    $138
    Deferred
    $16,478
    Nontaxable benefits
    $30,982
    Filer's total
    $378,540

  • Matthew Johnson

    CEO - LORING HOSPITAL

    Total calculated
    $302,862
    From this org
    $261,674
    From related orgs
    $0
    Other
    $41,188
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,430
    Bonus
    $23,598
    Other
    $5,646
    Deferred
    $12,634
    Nontaxable benefits
    $28,554
    Filer's total
    $302,862

  • Cynthia Carstens

    CNO - STEWART MEM. COMM. HOSP.

    Total calculated
    $290,074
    From this org
    $257,212
    From related orgs
    $0
    Other
    $32,862
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,667
    Bonus
    $37,783
    Other
    $762
    Deferred
    $13,289
    Nontaxable benefits
    $19,573
    Filer's total
    $290,074

  • James Roetman

    CEO - POCAHONTAS COMMUNITY HOSPITAL

    Total calculated
    $388,100
    From this org
    $341,004
    From related orgs
    $0
    Other
    $47,096
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $315,459
    Bonus
    $25,407
    Other
    $138
    Deferred
    $16,099
    Nontaxable benefits
    $30,997
    Filer's total
    $388,100

  • Michelle Sleiter

    CEO - HUMBOLDT COUNTY MEMORIAL HOSP.

    Total calculated
    $300,122
    From this org
    $262,496
    From related orgs
    $0
    Other
    $37,626
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,916
    Bonus
    $30,320
    Other
    $260
    Deferred
    $12,960
    Nontaxable benefits
    $24,666
    Filer's total
    $300,122

  • Susan Thompson-Ihs Int Ceo To 0221

    FMR INT BOARD MBR & PRES (TO 1/19)

    Total calculated
    $278,145
    From this org
    $0
    From related orgs
    $278,145
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $278,145 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $278,145 related

  • Troy Martens

    FORMER COO

    Total calculated
    $289,961
    From this org
    $0
    From related orgs
    $257,303
    Other
    $32,658
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $213,753 related
    Bonus
    $0 + $41,990 related
    Other
    $0 + $1,560 related
    Deferred
    $0 + $13,040 related
    Nontaxable benefits
    $0 + $19,618 related
    Filer's total
    $0 + $289,961 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

  • 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)

PART I, LINE 4B
NONQUALIFIED RETIREMENT PLAN CONTRIBUTIONS: THE FOLLOWING INDIVIDUAL(S) PARTICIPATED IN AND RECEIVED CONTRIBUTIONS IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: LEAH GLASGO $44,607. NONQUALIFIED RETIREMENT PLAN DISTRIBUTIONS: THE FOLLOWING INDIVIDUAL(S) PARTICIPATED IN AND RECEIVED PAYMENTS FROM A SUPPLEMENTAL NON-QUALIFIED PLAN: SUSAN THOMPSON $278,145. PAYOUTS ARE MADE WITH VESTED FUNDS, AS ESTABLISHED BY PLAN DOCUMENTS.
SCHEDULE J, PART I, LINE 3 - ESTABLISHING COMPENSATION
THE EXECUTIVE COMMITTEE OF THE IOWA HEALTH SYSTEM BOARD OF DIRECTORS ("COMMITTEE") CONDUCTS A COMPREHENSIVE REVIEW OF ALL COMPENSATION AND BENEFITS PROVIDED TO THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES, INCLUDING THE IHS CHIEF EXECUTIVE OFFICER (THE "CEO"). THIS REVIEW COMPARES THE TOTAL COMPENSATION AND VALUE OF BENEFITS PROVIDED TO EACH EXECUTIVE, ON A POSITION BY POSITION BASIS, TO THAT PROVIDED TO FUNCTIONALLY SIMILAR POSITIONS IN SIMILARLY SITUATED ORGANIZATIONS. THIS REVIEW IS CONDUCTED BY THE COMMITTEE WITH THE ASSISTANCE OF A NATIONAL, INDEPENDENT COMPENSATION CONSULTANT REPORTING DIRECTLY TO THE COMMITTEE. THE COMMITTEE HAS BEEN DELEGATED THE RESPONSIBILITY FOR OVERSIGHT OF EXECUTIVE COMPENSATION AND IS MADE UP ENTIRELY OF INDEPENDENT DIRECTORS WITHIN THE MEANING OF THE "REBUTTABLE PRESUMPTION OF REASONABLENESS" UNDER THE FEDERAL INCOME TAX INTERMEDIATE SANCTIONS RULES. THE COMPENSATION CONSULTANT HOLDS ITSELF OUT TO THE PUBLIC AS A COMPENSATION CONSULTANT, PERFORMS THESE VALUATIONS ON A REGULAR BASIS, IS QUALIFIED TO MAKE THE VALUATIONS OF THE SERVICES INVOLVED, AND HAS SO INDICATED IN A WRITTEN CERTIFICATION TO THE COMMITTEE. BASED UPON THE ADVICE OF THE COMPENSATION CONSULTANT, AND APPLYING THE BOARD'S COMPENSATION PHILOSOPHY, THE COMMITTEE ESTABLISHES THE OVERALL ADJUSTMENT IN COMPENSATION AND BENEFITS FOR THE TOP EXECUTIVES IN THE ENTIRE HEALTH SYSTEM (SEVERAL OF WHICH ARE EMPLOYEES OF THE FILING ORGANIZATION) AND DELEGATES TO THE CEO THE AUTHORITY TO MAKE ADJUSTMENTS, CONSISTENT WITH THE COMMITTEE'S DIRECTION, FOR THE OTHER EXECUTIVES. THE COMMITTEE DETERMINES ALL ASPECTS OF THE COMPENSATION AND BENEFITS OF THE CEO. THE COMMITTEE INTENTIONALLY TAKES ALL THE STEPS NECESSARY TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE FEDERAL INCOME TAX LAW INTERMEDIATE SANCTIONS RULES, INCLUDING CONTEMPORANEOUS SUBSTANTIATION OF ALL COMMITTEE MEETINGS AND ACTIONS. THE ORGANIZATION BELIEVES IT IS IN FULL COMPLIANCE WITH SECTION 4958 OF THE IRC, PROVIDES NO MORE THAN REASONABLE AND FAIR MARKET VALUE COMPENSATION AND BENEFITS FOR ITS EMPLOYEES AND DOES NOT PROVIDE ANY EXCESS COMPENSATION OR BENEFITS AS PROHIBITED BY SECTION 4958.

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.

  • ADVANCED IMAGING CENTER LLC

    DIAGNOSTIC RADIOLOGY CENTER · IA · general or managing partner

  • ANKENY MEDICAL PARK SURGERY CENTER LC

    AMBULATORY SURGERY CENTER · IA · general or managing partner

  • CENTRAL IOWA PHYSIO LLC

    PHYSICAL THERAPY SERVICES · IA · general or managing partner

  • DUBUQUE ENDOSCOPY CENTER LC

    AMBULATORY SURGERY CENTER · IA · general or managing partner

  • EASTERN IOWA SLEEP SUPPLY LLC

    MEDICAL EQUIPMENT RETAIL SALES · IA · general or managing partner

  • HEALTH CARE AFFILIATES OF THE TRI-STATES LLC

    PROVIDE ACCESS TO LICENSED SOFTWARE · IA · general or managing partner

  • IOWA DIAGNOSTIC IMAGING AND PROCEDURE CENTER LC

    OUTPATIENT DIAGNOSTIC IMAGING · IA · general or managing partner

  • IOWA HEALTH SYSTEM CONTRACTING SERVICES LC

    RELATED · GROUP PURCHASING · IA · 100% owned · share of income $15,790,671 · share of assets $1,259,791 · general or managing partner

    Directly controlled by IOWA HEALTH SYSTEM

  • LAKEVIEW SURGERY CENTER LC

    SURGERY CENTER · IA · general or managing partner

  • MR ASSOCIATES LLP

    OWN AND OPERATE MR UNIT · IA · general or managing partner

  • ORTHOPAEDIC OUTPATIENT SURGERY CENTER LC

    AMBULATORY SURGERY CENTER · IA · general or managing partner

  • THE OUTPATIENT SURGERY CENTER OF CEDAR RAPIDS LLC

    AMBULATORY SURGERY CENTER. · IA · general or managing partner

  • UNITED MEDICAL PARK ASC LLC DBA THE SURGERY CENTER AT UNITED MEDICAL PARK

    AMBULATORY SURGERY CENTER · IA · general or managing partner

  • UPHT-SCA HOLDINGS LLC

    AMBULATORY SURGERY CENTER INVESTMENT · DE

  • WEST LAKES SLEEP CENTER LLC

    SLEEP DISORDER DIAGNOSTIC TESTING FACILITY · IA · general or managing partner

Related corporations and trusts

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

  • ABBE MANAGEMENT CORPORATION

    C · MANAGEMENT SERVICES · IA

  • BROADBAND INC

    C · INFORMATION TECHNOLOGY MGMT. · IA

  • DELHI POINT CONDO ASSOCIATION

    C · REAL ESTATE MANAGEMENT · IA

  • HCP CORPORATION

    C · REAL ESTATE RENTAL · WI

  • HANSEN CHARITABLE REMAINDER ANNUITY TRUST

    T · INVESTMENT · IA

  • HANSEN CHARITABLE REMAINDER UNITRUST

    T · INVESTMENT · IA

  • HEALTH ADVANTAGE PLUS INC

    C · PHYSICAL THERAPY · IA

  • HNC SERVICES

    C · FIBER OPTIC NETWORK SERVICES · IA

  • MEDIMORE INC

    C · MANAGED CARE · IA

  • MERITER HEALTH ENTERPRISES INC

    C · MANAGEMENT SERVICES · WI

  • MERITER MANAGEMENT SERVICES INC

    C · ADMINISTRATIVE SERVICES · WI

  • PRECEDENCE INC

    C · MANAGED MENTAL CARE · IA

  • PRECEDENCE PLUS INC

    C · MANAGED MENTAL CARE · IA

  • STL HEALTH RESOURCES CO

    C · PHYSICIAN OFFICE RENTAL · IA

  • TRINITY HEALTH ENTERPRISES INC

    C · RETAIL DURABLE MEDICAL EQUIPMENT & PHARMACY · IL

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202413199349317071

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