Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $115,787

• 1d · Related organizations

  $214,698

• 1e · Government grants (contributions)

  $1,004,047

• 1f · All other contributions, gifts and grants

  $40,893

• 1g · Noncash contributions included above

  $17,097

• 3 · Investment income

  total $82,257 · excluded $82,257

• 7a · Gross sales of assets other than inventory

  securities $128,408

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

  securities $0

• 7c · Gain or loss

  securities $128,408

• 7d · Net gain or loss

  total $128,408 · excluded $128,408

• 8a · Fundraising events: gross income

  $19,950

• 8a · Fundraising events: contributions included on line 1c

  $115,787

• 8b · Fundraising events: direct expenses

  $51,039

• 8c · Net income from fundraising events

  total -$31,089 · excluded -$31,089

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $961,982 · program services $961,982

• 2 · Grants to domestic individuals

  total $8,873 · program services $8,873

• 5 · Compensation of officers, directors and key employees

  total $144,227 · program services $1,442 · management and general $70,671 · fundraising $72,114

• 10 · Payroll taxes

  total $8,853 · program services $89 · management and general $4,338 · fundraising $4,426

• 11f · Fees: investment management

  total $5,508 · management and general $5,508

• 12 · Advertising and promotion

  total $12,746 · fundraising $12,746

• 13 · Office expenses

  total $1,485 · management and general $735 · fundraising $750

• 17 · Travel

  total $2,416 · management and general $1,196 · fundraising $1,220

• 24a · Other expenses: DUES AND MEMBERSHIPS

  total $11,928 · management and general $11,928

• 24b · Other expenses: SUPPLIES

  total $7,437 · management and general $7,437

• 24c · Other expenses: PERMITS AND LICENSES

  total $100 · fundraising $100

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $556,831 · end of year $356,697

• 11 · Investments: publicly traded securities

  beginning of year $2,527,009 · end of year $2,988,488

• 25 · Other liabilities

  beginning of year $433,819 · end of year $75,527

• 27 · Net assets without donor restrictions

  beginning of year $28,585 · end of year $49,746

• 28 · Net assets with donor restrictions

  beginning of year $2,621,436 · end of year $3,219,912

The filer's explanations (Part III)

PART I, LINE 3

THE ORGANIZATION'S OFFICERS AND SENIOR MANAGEMENT ARE PAID BY A RELATED ORGANIZATION, PLATTE VALLEY MEDICAL CENTER. COMPENSATION FOR THE OFFICERS AND SENIOR MANAGEMENT IS MANAGED BY THE INTERMOUNTAIN HEALTH CARE, INC. BOARD COMPENSATION COMMITTEE (COMMITTEE) ON BEHALF OF SISTERS OF CHARITY OF LEAVENWORTH HEALTH SYSTEM, INC. AND ALL OF ITS AFFILIATES. THE COMMITTEE REVIEWS AND APPROVES COMPENSATION ARRANGEMENTS OF THE OFFICERS AND SENIOR MANAGEMENT AND MAKES RECOMMENDATIONS TO INTERMOUNTAIN HEALTH CARE, INC.'S BOARD FOR APPROVAL OF ANY CHANGES. THE COMMITTEE'S REVIEW IS CONDUCTED IN A MANNER THAT IS INTENDED TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE INTERMEDIATE SANCTIONS RULES OF INTERNAL REVENUE CODE SECTION 4958. THE COMMITTEE CONDUCTS THE REVIEW WITH THE ASSISTANCE OF AN EXPERIENCED AND INDEPENDENT COMPENSATION CONSULTING FIRM THAT HAS DEEP NATIONAL EXPERTISE IN HEALTH SYSTEMS' EXECUTIVE COMPENSATION PROGRAMS AND LEVELS. THE COMMITTEE OBTAINS AND RELIES UPON CURRENT, COMPARABLE MARKET DATA FOR PEER ORGANIZATIONS PRIOR TO MAKING COMPENSATION RELATED DECISIONS. THE INFORMATION REVIEWED INCLUDES COMPENSATION LEVELS PAID BY SIMILARLY SITUATED ORGANIZATIONS FOR FUNCTIONALLY COMPARABLE POSITIONS, THE AVAILABILITY OF SIMILAR SERVICES IN THE GEOGRAPHIC AREA SERVED BY INTERMOUNTAIN HEALTH CARE, INC. AND CURRENT COMPENSATION SURVEYS COMPILED BY AN INDEPENDENT FIRM. THE BOARD PLACES A HIGH PRIORITY ON THE NEED TO RECURIT AND RETAIN A STRONG LEADERSHIP TEAM AND TO CREATE A HIGHLY MOTIVATED AND ENGAGED WORKFORCE. COMPENSATION LEVELS FOLLOW IRS GUIDELINES AND ARE SUBJECT TO IRS OVERSIGHT. AS PART OF THE REVIEW PROCESS, INTERMOUNTAIN HEALTH CARE, INC. USES THE FOLLOWING IN ESTABLISHING THE COMPENSATION OF OFFICERS AND SENIOR MANAGEMENT. 1) COMPENSATION COMMITTEE 2) INDEPENDENT COMPENSATION CONSULTANT 3) FORM 990 OF OTHER ORGANIZATIONS 4) COMPENSATION SURVEYS AND STUDIES 5) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE THE ITEMS LISTED ABOVE SUPPORT THE COMPENSATION COMMITTEE'S EFFORTS TO ENSURE THAT THE LEVEL OF COMPENSATION PROVIDED TO ITS OFFICERS AND SENIOR MANAGEMENT IS REASONABLE, APPROPRIATE AND CONSISTENT WITH THE PAY PHILOSOPHY SET BY THE BOARD.

PART I, LINE 4B

PAYMENTS FROM A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN A RELATED ORGANIZATION PROVIDES NONQUALIFIED DEFERRED COMPENSATION PLANS (NQDC) KNOWN AS SUPPLEMENTAL EXECUTIVE RETIREMENT PROGRAM (SERP) FOR EXECUTIVES (SENIOR MANAGEMENT) TO COMPENSATE FOR REGULATORY IMPOSED LIMITATIONS IN QUALIFIED RETIREMENT PLANS AND TO PROVIDE A BENEFIT CONSISTENT WITH OTHER NOT- FOR- PROFIT HEALTH SYSTEMS. THESE PLANS ENABLE THE EXECUTIVE TO EARN BENEFITS DURING EACH YEAR THAT THEY PARTICIPATE. IN 2014, IN AN EFFORT TO REDUCE LONG-TERM COSTS AND HAVE GREATER CONTROL OVER FINANCIAL RISK, THE SERP WAS CONVERTED FROM A DEFINED BENEFIT (DB) TO A DEFINED CONTRIBUTION (DC) DESIGN. CERTAIN MEMBERS OF SENIOR MANAGEMENT WHOSE BENEFITS WERE CONVERTED FROM DB TO DC WOULD HAVE BEEN DISPROPORTIONATELY AND NEGATIVELY AFFECTED BY THE CHANGE, SO THE COMMITTEE DETERMINED IT WOULD BE APPROPRIATE TO GRANT "TRANSITION CREDITS" IN ORDER TO MITIGATE THE NEGATIVE IMPACT OF THE CHANGE ON THEIR RETIREMENT BENEFITS. THIS IS A COMMON APPROACH EMPLOYED BY OTHER ORGANIZATIONS UNDERGOING A SIMILAR TRANSITION. THE TRANSITION CREDITS VEST IN ACCORDANCE WITH THE TERMS OF THE DC SERP (I.E., AFTER THREE YEARS) AND ARE PAID TO THE EXECUTIVE UPON VESTING. NQDC SERP PLANS STARTING IN 2014 STARTING IN 2014, THE RELATED ORGANIZATION'S NQDC SERP PLAN PROVIDED A BENEFIT TO ELIGIBLE PARTICIPANTS BASED ON A PERCENTAGE OF THEIR BASE COMPENSATION. THE VESTING PERIOD IS ROLLING 3 YEARS OR WHEN THE PARTICIPANT IS AGE 65 OR OLDER. THERE WERE NO CONTRIBUTIONS TO THIS PLAN BEFORE JANUARY 1, 2014. ANY DISTRIBUTIONS FROM THIS PLAN ARE REPORTED BELOW. CERTAIN PARTICIPANTS ARE VESTED OR BECAME VESTED IN THE PLAN DURING 2023. VESTED AMOUNTS ARE PAYABLE TO THE RECIPIENT UPON THE END OF EMPLOYMENT. THE VESTED AMOUNTS ARE TAXABLE TO THE RECIPIENT IN THE CURRENT YEAR. THE TAXABLE AMOUNTS ARE INCLUDED ON THE RECIPIENT'S W-2. THE AMOUNTS WITHDRAWN FROM THE NQDC SERP PLANS IN 2023 WERE: KURT GENSERT - $29,099.

ADDITIONAL OFFICER AND BOARD DISCLOSURES

INTERMOUNTAIN HEALTH CARE, INC. AND RELATED TAX-EXEMPT ORGANIZATIONS ADHERE TO GOVERNANCE EXCELLENCE STANDARDS INCLUDING ACCOUNTABILITY. IN KEEPING WITH INTERMOUNTAIN HEALTH CARE, INC.'S CORE VALUE OF STEWARDSHIP, INTERMOUNTAIN HEALTH CARE, INC.'S BOARD COMPENSATION COMMITTEE (COMMITTEE) HAS RETAINED THE SERVICES OF AN INDEPENDENT COMPENSATION ADVISOR. THE COMPENSATION ADVISOR IS RESPONSIBLE FOR ADVISING THE COMMITTEE ON ALL MATTERS RELATING TO EXECUTIVE COMPENSATION INCLUDING SUPPORTING THE COMMITTEE'S EFFORTS TO ENSURE THAT THE LEVEL OF COMPENSATION PROVIDED OFFICERS AND SENIOR MANAGEMENT IS REASONABLE, APPROPRIATE AND CONSISTENT WITH THE PAY PHILOSOPHY SET BY THE BOARD. THE SISTERS WHO SERVE AS OFFICERS AND/OR BOARD MEMBERS ARE MEMBERS OF THE SISTERS OF CHARITY OF LEAVENWORTH (A RELIGIOUS ORDER OF WOMEN). THE SISTERS HAVE TAKEN VOWS OF POVERTY AND RECEIVE NO COMPENSATION, EXPENSE ACCOUNT ALLOWANCE, OR CONTRIBUTIONS TO BENEFIT PLANS FOR THEIR SERVICES TO THE HEALTH CARE SYSTEM. HOWEVER, A PAYMENT IS MADE DIRECTLY TO THE SISTERS OF CHARITY OF LEAVENWORTH FOR THE SERVICES OF THOSE WHO PERFORM PROFESSIONAL, ADMINISTRATIVE, AND OTHER SUCH SERVICES.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• SCLH-GI ENDOSCOPY HOLDINGS LLC

  OP ENDOSCOPY · CO

• SCLTDI JV LLC

  RADIOLOGY · DE

• ATHLETIC MEDICINE & PERFORMANCE LLC (SVB IS PARTNER)

  PHYSICAL THERAPY · MT

• SUMMIT SURGERY CENTER LLC

  OP SURGERY · MT

• GRAND VALLEY SURGICAL CENTER LLC

  OP SURGERY · CO

• HEALTHCARE MANAGEMENT LLC

  MANAGEMENT SERVICES · CO

• MONUMENT HEALTH LLC

  HEALTH CARE NETWORK · CO

• PAVILION IMAGING LLC

  RADIOLOGY · CO

• SAN JUAN CANCER CENTER LLC

  OP CANCER · CO

• CAREFLIGHT OF THE ROCKIES LLC

  MEDICAL AIR TRANSPORT · CO

• MED-MAP LLC

  RENTAL REAL ESTATE · MT

• YELLOWSTONE SURGERY CENTER LLC

  OP SURGERY · MT

• GALLATIN VALLEY SURGERY CENTER LLC

  OP SURGERY · MT

• FIRST FLIGHT OF WYOMING LLC

  MEDICAL AIR TRANSPORT · CO

• MCKAY DEE SURGICAL CENTER LLC

  OP SURGERY · UT

• GRANDEUR PEAK INTERNATIONAL STALWARTS LP

  INVESTMENTS · DE

• INNOVATION FUND HOLDINGS COMPANY LLC

  INNOVATION · DE

• HEALTHBOX SALT LAKE CITY I LLC

  INNOVATION · DE

• INTERMOUNTAIN VENTURES FUND LLC

  INVESTMENTS · DE

• PELION OPPORTUNITY FUND III LLC

  INVESTMENTS · DE

• AACP KOREA BUYOUT INVESTORS II LP

  INVESTMENTS · CJ

• AACP SPECIAL SITUATIONS II LP

  INVESTMENTS · CJ

• AACP KOREA BUYOUT INVESTORS IV LP

  INVESTMENTS · CJ

• LOGAN SURGERY CENTER LLC

  OP SURGERY · UT

• ST GEORGE SURGERY CENTER LLC

  OP SURGERY · UT

• SALTZER ASC TEN MILE LLC

  OP SURGERY · ID

• NORTHPOINTE SURGICAL CENTER LLC

  OP SURGERY · UT

• HW AE CO-INVESTMENT PARTNERS LP

  INVESTMENTS · DE

• PERFORMANCE EQUITY GROWTH OPPORTUNITIES FUND LP

  INVESTMENTS · DE

• MURRAY SURGERY CENTER LLC

  OP SURGERY · UT

• PROVO SURGERY CENTER LLC

  OP SURGERY · UT

• SARATOGA SPRINGS SURGERY CENTER LLC

  OP SURGERY · UT

• PARK CITY SURGERY CENTER LLC

  OP SURGERY · UT

• PARK CITY SURGICAL CENTER REAL ESTATE LLC

  OP SURGERY · UT

• CDHC 3 LLC

  INVESTMENTS · UT

• ARK GLOBAL EMERGING COMPANIES LP

  INVESTMENTS · UT

• PELION OPPORTUNITY FUND IV LLC

  INVESTMENTS · UT

Related corporations and trusts

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

• CARITAS INC AND SUBSIDIARIES

  C · HEALTHCARE · KS · controlled entity

• WEST END ASSOCIATION INC

  C · REAL ESTATE MANAGEMENT · MT · controlled entity

• LEAVEN INSURANCE COMPANY LTD

  C · INSURANCE · CJ · controlled entity

• ROCKY MOUNTAIN ACCOUNTABLE HEALTH NETWORK INC

  C · HEALTHCARE · MT · controlled entity

• SELECTHEALTH BENEFIT ASSURANCE COMPANY

  C · DELIVERY OF HEALTH BENEFITS · UT · controlled entity

• HEALTHCARE CAPTIVE INSURANCE COMPANY

  C · INSURANCE · AZ · controlled entity

• ALLUCEO INC

  C · MENTAL HEALTH INTEGRATION SERVICES · DE · controlled entity

• SALTZER MEDICAL GROUP INC

  C · MEDICAL SERVICES · ID · controlled entity

• CLASSIC MEDICAL INC

  C · AIRCRAFT HOLDING COMPANY · UT · controlled entity

• CLASSIC HELICOPTERS INC

  C · AIRCRAFT HOLDING COMPANY · UT · controlled entity

• CULMINATION BIO INC

  C · BIOREPOSITORY · DE · controlled entity

• CAN YOU PLAY INC

  C · SOFTWARE DEVELOPMENT · UT · controlled entity

• CARENT LABORATORY SOLUTIONS LLC

  C · MEDICAL LABORATORY · CO · controlled entity