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Nonprofiteer
← GRHS HOLDINGS INC

Form 990 for tax year 2022

Filed by GRHS HOLDINGS INC.

Totals

Total revenue
$58,320,351
Total expenses
$31,450,378
Contributions and grants received
$0
Grants paid
$31,354,146
Program services expenses (Part IX)
$31,354,146
Management and general expenses
$96,232
Fundraising expenses
$0
Program service expenses (Part III)
$31,354,146

Program services were 99.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MATT WENZEL

    PRESIDENT/CEO (THROUGH 10/12/22)

    Total calculated
    $1,175,711
    From this org
    $0
    From related orgs
    $1,122,540
    Other
    $53,171
    Hours/week
    24 + 19 related

    Schedule J breakdown matched by us

    Base
    $0 + $740,784 related
    Bonus
    $0 + $213,774 related
    Other
    $0 + $167,982 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $37,921 related
    Filer's total
    $0 + $1,175,711 related
  • JEREMY ALEXANDER

    SECRETARY/TREASURER/CFO

    Total calculated
    $723,224
    From this org
    $0
    From related orgs
    $671,653
    Other
    $51,571
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $552,461 related
    Bonus
    $0 + $117,896 related
    Other
    $0 + $1,296 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $36,321 related
    Filer's total
    $0 + $723,224 related
  • JAMES KAMMERER

    VICE CHAIRMAN (THROUGH 7/12/22)

    Total calculated
    $617,176
    From this org
    $0
    From related orgs
    $565,682
    Other
    $51,494
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $483,237 related
    Bonus
    $0 + $76,021 related
    Other
    $0 + $6,424 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $36,244 related
    Filer's total
    $0 + $617,176 related
  • DR MICHAEL MCCOY

    PRESIDENT/CEO

    Total calculated
    $675,775
    From this org
    $0
    From related orgs
    $624,684
    Other
    $51,091
    Hours/week
    24 + 19 related

    Schedule J breakdown matched by us

    Base
    $0 + $532,528 related
    Bonus
    $0 + $80,672 related
    Other
    $0 + $11,484 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $35,841 related
    Filer's total
    $0 + $675,775 related
  • HOPE DUNN

    VICE CHAIRMAN

    Total calculated
    $154,864
    From this org
    $0
    From related orgs
    $145,961
    Other
    $8,903
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $145,961 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $8,903 related
    Filer's total
    $0 + $154,864 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 — 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

  • 4a · Severance or change-of-control payment

Answered no

  • 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
  • 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 3
THE COMPENSATION OF THE OFFICERS IS PAID BY RIVERVIEW SYSTEMS LTD., A RELATED ORGANIZATION, BUT DETERMINED BY GREAT RIVER HEALTH SYSTEM. THE FOLLOWING WERE USED BY GREAT RIVER HEALTH SYSTEM IN DETERMINING THE OFFICERS COMPENSATION: 1. COMPENSATION COMMITTEE 2. INDEPENDENT COMPENSATION CONSULTANT 3. FORM 990 OF OTHER ORGANIZATIONS 4. WRITTEN EMPLOYMENT CONTRACT 5. COMPENSATION SURVEY OR STUDY 6. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4A
MATT WENZEL RECEIVED A SEVERANCE PAYMENT OF $164,442. THIS AMOUNT WAS INCLUDED IN W-2 WAGES.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
8 May 2024
IRS schema version
2022v5.0
Source object
202421319349300537

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