Form 990 for tax year 2023
Filed by OLMSTED HEALTH AND SERVICES CORPORATION.
Totals
- Total revenue
- $9,707,079
- Total expenses
- $7,497,777
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $9,707,016
- Investment income
- $0
- Other revenue
- $63
- Total assets, end of year
- $3,459,259
- Total liabilities, end of year
- $557,570
- Net assets or fund balances, end of year
- $2,901,689
- Program services expenses (Part IX)
- $6,527,937
- Management and general expenses
- $969,840
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $6,527,937
Program services were 87.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
Richard M Boyson Jr
President & CEO
- Total calculated
- $437,606
- From this org
- $0
- From related orgs
- $397,074
- Other
- $40,532
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $332,074 related
- Bonus
- not reported + $65,000 related
- Other
- not reported
- Deferred
- not reported + $26,015 related
- Nontaxable benefits
- not reported + $14,517 related
- Filer's total
- not reported + $437,606 related
-
Kathleen M Shields
CFO
- Total calculated
- $213,187
- From this org
- $0
- From related orgs
- $206,879
- Other
- $6,308
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $194,979 related
- Bonus
- not reported + $11,900 related
- Other
- not reported
- Deferred
- not reported + $1,015 related
- Nontaxable benefits
- not reported + $5,293 related
- Filer's total
- not reported + $213,187 related
-
Jennifer Griveas
VP of Legal
- Total calculated
- $187,485
- From this org
- $0
- From related orgs
- $172,032
- Other
- $15,453
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $165,032 related
- Bonus
- not reported + $7,000 related
- Other
- not reported
- Deferred
- not reported + $1,015 related
- Nontaxable benefits
- not reported + $14,438 related
- Filer's total
- not reported + $187,485 related
-
Michael Gray
CIO
- Total calculated
- $137,228
- From this org
- $0
- From related orgs
- $135,762
- Other
- $1,466
- Hours/week
- 0 + 40 related
-
Richard L Fletcher
Trustee
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
Alayne J Fodor
Trustee
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
Glenn S Krassen
Secretary
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
Richard L Fox
Trustee
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
Margaret Hartney
Trustee
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
Michele Messina
Trustee
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
James Rogerson
Trustee
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
Patricia M Scanlon
Trustee
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
Sheryl L Sereda
Trustee
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
Terrie Shrock
Trustee
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
John P Stoner
Trustee
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
Allen R Tracy
Treasurer
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
Rick Weigle Jr
Trustee
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
Margaret G Weitzel
Chair
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
Hilton Young
Trustee
- Total calculated
- $0
- Hours/week
- 0 + 4 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
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part I, Line 6b: Explanation of organization compensation contingent on net earnings from related or
- Bonus programs apply to select individuals shown in Form 990, Part VII, Section A Line 1a. Criteria is based on actual versus budgeted financial performance and other non financial criteria.
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.
-
501 (c)(3) · Nursing care community · OH
-
501 (c)(3) · Management and admin services to related parties · OH
-
Eliza Jennings Senior Care Network
501 (c)(3) · Management and admin services to related parties · OH
-
501 (c)(3) · Assisted living community · OH
-
501(c)(3) · Assisted living & Adult Day services · OH
-
501 (C)(3) · Independent living community · OH
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501349349309780
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