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← TRACY HOSPITAL FOUNDATION

Form 990 for tax year 2024

Filed by TRACY HOSPITAL FOUNDATION.

Totals

Total revenue
$2,356,117
Total expenses
$1,544,620
Contributions and grants received
$442,941
Grants paid
$1,245,437
Program service revenue
$355,868
Investment income
$1,557,308
Other revenue
$0
Total assets, end of year
$22,928,474
Total liabilities, end of year
$418,175
Net assets or fund balances, end of year
$22,510,299
Program services expenses (Part IX)
$1,412,046
Management and general expenses
$132,574
Fundraising expenses
$0
Program service expenses (Part III)
$1,412,046

Program services were 91.4% 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.

  • 1f · All other contributions, gifts and grants

    $442,941

  • 2a · Program service revenue: HOSPITAL SUPPORT

    total $231,584 · related or exempt $231,584

  • 2b · Program service revenue: RENTAL TO AFFILIATE

    total $124,284 · related or exempt $124,284

  • 3 · Investment income

    total $475,010 · excluded $475,010

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $1,082,298

  • 7c · Gain or loss

    securities $1,082,298

  • 7d · Net gain or loss

    total $1,082,298 · excluded $1,082,298

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,245,437 · program services $1,245,437

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $76,744 · program services $38,372 · management and general $38,372

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $40,494 · program services $20,247 · management and general $20,247

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $44,193 · management and general $44,193

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $14,889 · program services $14,889

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $12,152 · program services $1,467 · management and general $10,685

  • 17 · Travel

    total $53 · program services $53

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $22,235 · program services $12,896 · management and general $9,339

  • 23 · Insurance

    total $9,738 · management and general $9,738

  • 24a · Other expenses: SUTTER CHARGEBACKS

    total $67,177 · program services $67,177

  • 24b · Other expenses: REGIONAL ALLOCATION

    total $11,443 · program services $11,443

  • 24c · Other expenses: DONOR CULTIVATION

    total $65 · program services $65 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $552,600 · end of year $116,298

  • 3 · Pledges and grants receivable

    beginning of year $285,829 · end of year $242,940

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,626 · end of year $0

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

    $1,592,958

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

    $480,991

  • 10c · Land, buildings and equipment, net

    beginning of year $1,134,201 · end of year $1,111,967

  • 11 · Investments: publicly traded securities

    beginning of year $19,446,647 · end of year $21,424,417

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $84,478 · end of year $32,852

  • 17 · Accounts payable and accrued expenses

    beginning of year $271,015 · end of year $414,302

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $3,331 · end of year $3,873

  • 27 · Net assets without donor restrictions

    beginning of year $20,205,993 · end of year $21,562,449

  • 28 · Net assets with donor restrictions

    beginning of year $1,025,042 · end of year $947,850

Mission and programs · 2024

Mission

SEE SCHEDULE O

  • PROGRAM SERVICE ACCOMPLISHMENTS: Through philanthropy, Sutter Health can practice the most innovative, technologically advanced medicine possible and meet the critical health care needs of our community. In 2024, Tracy Hospital Foundation contributed over $1.2 million in philanthropic gifts to support equipment and programs that help save lives and fulfill our not-for-profit mission. With donor contributions, we were able to purchase a Rosa knee robot system, an ultrasound machine, a Bioventus bone scalpel, sim manikins for the Family Birth Center, EKG machines, and various other smaller pieces of capital. The Foundation also continued its employee support program.

    Expenses $1,412,046 · Grants $1,245,437 · Revenue $355,868

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tracy Roman

    CEO, MMC, CFO THF (pt-yr)

    Total calculated
    $1,228,144
    From this org
    $0
    From related orgs
    $767,194
    Other
    $460,950
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $435,440 related
    Bonus
    $0 + $293,245 related
    Other
    $0 + $38,509 related
    Deferred
    $0 + $408,829 related
    Nontaxable benefits
    $0 + $52,121 related
    Filer's total
    $0 + $1,228,144 related

  • Raya Elias-Petros

    Chief Philanthropy Officer-SH

    Total calculated
    $1,058,747
    From this org
    $0
    From related orgs
    $958,451
    Other
    $100,296
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $544,058 related
    Bonus
    $0 + $361,325 related
    Other
    $0 + $53,068 related
    Deferred
    $0 + $60,757 related
    Nontaxable benefits
    $0 + $39,539 related
    Filer's total
    $0 + $1,058,747 related

  • Scott Knight

    CEO, STCH

    Total calculated
    $947,151
    From this org
    $0
    From related orgs
    $642,899
    Other
    $304,252
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $412,080 related
    Bonus
    $0 + $181,871 related
    Other
    $0 + $48,948 related
    Deferred
    $0 + $261,867 related
    Nontaxable benefits
    $0 + $42,385 related
    Filer's total
    $0 + $947,151 related

  • Scott Wartelle

    CFO C.Valley Div & THF (pt-yr)

    Total calculated
    $589,238
    From this org
    $0
    From related orgs
    $383,559
    Other
    $205,679
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $317,416 related
    Bonus
    $0 + $28,865 related
    Other
    $0 + $37,278 related
    Deferred
    $0 + $200,779 related
    Nontaxable benefits
    $0 + $4,900 related
    Filer's total
    $0 + $589,238 related

  • Jana Rhine

    Director of Philanthropy

    Total calculated
    $236,287
    From this org
    $0
    From related orgs
    $188,555
    Other
    $47,732
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $157,833 related
    Bonus
    $0 + $29,370 related
    Other
    $0 + $1,352 related
    Deferred
    $0 + $36,268 related
    Nontaxable benefits
    $0 + $11,464 related
    Filer's total
    $0 + $236,287 related

  • Timothy Noakes

    CFO Hospital SMCS

    Total calculated
    $229,324
    From this org
    $0
    From related orgs
    $223,674
    Other
    $5,650
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $19,199 related
    Bonus
    $0 + $135,318 related
    Other
    $0 + $69,157 related
    Deferred
    $0 + $3,142 related
    Nontaxable benefits
    $0 + $2,508 related
    Filer's total
    $0 + $229,324 related

  • Rajiv Punjya MD

    Trustee

    Total calculated
    $27,155
    From this org
    $0
    From related orgs
    $27,155
    Other
    $0
    Hours/week
    1

  • Bayan Aghadasi

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kacie Klein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Timothy Ng OD

    Trustee/Chair

    Total calculated
    $0
    Hours/week
    2

  • Leroy Ornellas

    TRUSTEE/Secretary

    Total calculated
    $0
    Hours/week
    2

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
  • 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 3
SUPPLEMENTAL COMPENSATION INFORMATION: THE COMPENSATION FOR THE POSITION OF EXECUTIVE DIRECTOR/TOP MANAGEMENT OFFICIAL IS DETERMINED THROUGH A QUANTITATIVE POINT FACTOR REVIEW OF THE KNOW-HOW, PROBLEM SOLVING, AND ACCOUNTABILITY ASSOCIATED WITH A GIVEN POSITION AS IDENTIFIED IN THE DETAILED POSITION DESCRIPTION. ADDITIONALLY, ALL APPLICABLE MARKET SALARY SURVEY DATA IS REVIEWED TO ENSURE THE POSITION IS BOTH INTERNALLY EQUITABLE AND EXTERNALLY COMPETITIVE/MARKET APPROPRIATE. SEE SCHEDULE O NARRATIVE FOR PART VI, LINE 15 FOR A FULL DESCRIPTION OF THE COMPENSATION APPROVAL PROCESS COMPLETED BY SUTTER HEALTH.
SCHEDULE J, PART I, LINE 4B
NONQUALIFIED RETIREMENT PLAN: CERTAIN INDIVIDUALS PAID BY SUTTER HEALTH PARTICIPATE IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE PURPOSE OF THE NONQUALIFIED RETIREMENT PLAN IS TO PROVIDE SUTTER HEALTH EXECUTIVES WITH A COMPETITIVE RETIREMENT BENEFIT CONSISTENT WITH SUTTER HEALTH'S OVERALL COMPENSATION PHILOSOPHY FOR ALL EMPLOYEES. CONTRIBUTIONS ARE DESIGNED TAKING INTO CONSIDERATION LOST RETIREMENT BENEFITS THAT WOULD OTHERWISE BE OBTAINED THROUGH THE QUALIFIED PENSION PLAN. SUTTER'S PLANS ARE DESIGNED CONSISTENT WITH COMPETITIVE INDUSTRY PRACTICES. THE RETIREMENT PLAN FOR SUTTER HEALTH EMPLOYEES IS A COMBINATION OF 403(B) EMPLOYER MATCH CONTRIBUTIONS AND QUALIFIED PENSION PLAN BENEFITS. SUTTER HEALTH EXECUTIVES ARE GENERALLY INELIGIBLE FOR EMPLOYER MATCH CONTRIBUTIONS. TO ENSURE A COMPETITIVE RETIREMENT BENEFIT, SUTTER HEALTH MAKES AN ANNUAL CONTRIBUTION TO A NON-QUALIFIED 457(F) PLAN FOR ITS EXECUTIVES. THE FORMULA PROVIDES 6% TO 16% OF BASE SALARY PLUS ANNUAL INCENTIVE AWARD (COMMENSURATE WITH MANAGEMENT LEVEL). UNLIKE SUTTER HEALTH'S QUALIFIED PENSION PLAN WHERE EMPLOYEE BENEFITS ARE GUARANTEED (I.E., A DEFINED BENEFIT), SUTTER'S NON-QUALIFIED PLAN BENEFITS ARE NOT GUARANTEED BY SUTTER HEALTH. INVESTMENT RISK IS BORNE BY PARTICIPANTS AND BENEFITS ARE NOT PROTECTED SHOULD SUTTER HEALTH BECOME INSOLVENT.
SCHEDULE J, PART I, LINE 7
NON-FIXED PAYMENTS: SPOT AWARDS ARE INFREQUENTLY USED TO REWARD EMPLOYEES. THERE ARE NO SPECIFIC GUIDELINES FOR THE AMOUNT OF THE SPOT AWARD. AVERAGE AMOUNT OF SPOT AWARDS TEND TO NOT EXCEED 5% TO 15% OF GROSS ANNUAL SALARY. ANNUAL INCENTIVE PLAN (AIP): THE PURPOSE OF THE PLAN IS TO FOCUS EXECUTIVES ON SPECIFIC, SHORTER-TERM GOALS THAT ARE CRITICAL TO THE ACHIEVEMENT OF AFFILIATE, OPERATING UNIT AND SYSTEM-WIDE OBJECTIVES THAT DRIVE OVERALL ORGANIZATION PERFORMANCE. LONG TERM PERFORMANCE PLANS SUTTER HEALTH ALSO EMPLOYS LONG TERM PERFORMANCE PLANS WHICH ARE DESIGNED TO FOCUS ON LONGER TERM STRATEGIC OBJECTIVES OF THE ORGANIZATION. SUTTER'S LONG TERM PERFORMANCE PLAN APPROACH IS A COMBINATION OF BOTH LONGER TERM MEASURES OF ORGANIZATION SUCCESS AND KEY ORGANIZATION STRATEGIES WHICH REQUIRE THE COMBINED EFFORT OF ALL LEADERSHIP TO ACHIEVE SUCCESS. SUTTER USES A COMMON FATE APPROACH IN THAT ALL LONG TERM PERFORMANCE PLAN PARTICIPANTS ARE MEASURED AGAINST THE SAME, ORGANIZATION-WIDE CRITERIA VS. INDIVIDUAL EFFORTS. THIS FOSTERS A COMMON PURPOSE ACROSS LEADERSHIP AND A SHARED SENSE OF ACCOUNTABILITY FOR THE OVERALL SUCCESS OF SUTTER HEALTH. IN ALL CASES, THE COMPENSATION COMMITTEE OF THE BOARD DETERMINES ACHIEVEMENT OF ORGANIZATION GOALS AND MAKES FINAL AWARD DETERMINATION WHICH MAY RESULT IN A REDUCTION OF AWARD IF APPROPRIATE. ALL SENIOR EXECUTIVE AWARDS ARE REVIEWED FOR COMPENSATION REASONABLENESS AND APPROVED PRIOR TO PAYMENT BY THE COMPENSATION COMMITTEE.

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 partnerships

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

  • SURG CTR OF ABSMC

    PATIENT CARE · CA

  • CA PACIFIC ADV IMAG

    PATIENT CARE · CA

  • SF Endoscopy Center

    PATIENT CARE · CA

  • SUT FAIRFIELD SURG

    PATIENT CARE · CA

  • SUT AMADOR SURG CTR

    PATIENT CARE · CA

  • ROSEVILLE ENDOSCOPY

    PATIENT CARE · CA

  • MEMORIAL MED BLDG

    OFFICE RENTAL · CA

  • MAGNETIC IMAGING AF

    PATIENT CARE · CA

  • ASC OPTRS-SNTA ROSA

    CARE MANAGEMENT · CA

  • Divisadero Holdings

    CARE MANAGEMENT · CA

  • PENINSULA ENDOSCOPY

    PATIENT CARE · CA

  • S Placer Surg Ctr

    Patient Care · CA

  • Sac Surg Ctr Assoc

    Patient Care · CA

  • Fort Sut Surg Ctr

    Patient Care · CA

  • Sut Alhambra Surg

    Patient Care · CA

  • Auburn Surg Ctr

    Patient Care · CA

  • ASC Operators LLC

    CARE MANAGEMENT · CA

  • DE SHAW ALP PLUS

    Investment · DE

  • ICG CR OPP FUND 1A

    Investment · DE

  • ICG CR OPP FUND 2A

    Investment · DE

  • MAKENA RE II

    Investment · CJ

  • DE SHAW ALL CTRY

    Investment · DE

  • ICG CREDIT OPP FUND

    Investment · DE

  • ICG SPEC OPP FND I

    INVESTMENT · DE

  • Makena Strat Opp SH

    Investment · DE

  • TAP CMDITYBLDR FUND

    Investment · NY

  • EHC SURGERY CENTER

    Patient Care · CA

  • AG Net Lease RF V

    INVESTMENT · CA

    Directly controlled by NA

Related corporations and trusts

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

  • NORTHWOOD EUROPE TE FEEDER LP

    C CORP · HOLDING COMPANY · CJ · controlled entity

  • SUTTER HEALTH DEFERRED COMP PLANS' TRUST

    TRUST · RABBI TRUST · CA · controlled entity

  • Wilsop Segregated Portfolio 1

    C CORP · INVESTMENT · CJ · controlled entity

  • Wilsop Segregated Portfolio 2

    c corp · INVESTMENT · CJ · controlled entity

  • BRIGADE LEVERAGED CAPITAL STRUCTURE OFFS

    C Corp · Investment · CJ · controlled entity

  • AQR MULTI-STRATEGY FUND XXIII LP

    C Corp · Investment · CJ · controlled entity

Provenance

Return type
form_990
Tax year
2024
Filed
2 November 2025
IRS schema version
2024v5.2
Source object
202533179349305308

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