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Nonprofiteer
← TRINITY REGIONAL HEALTH SYSTEM

Form 990 for tax year 2022

Filed by TRINITY REGIONAL HEALTH SYSTEM.

Totals

Total revenue
$1,710,405
Total expenses
$91,243
Contributions and grants received
$182,180
Grants paid
$0
Program service revenue
$112,016
Investment income
$1,710,405
Other revenue
-$294,196
Total assets, end of year
$31,909,677
Total liabilities, end of year
$7,124,632
Net assets or fund balances, end of year
$24,785,045
Program services expenses (Part IX)
$8
Management and general expenses
$91,235
Fundraising expenses
$0
Program service expenses (Part III)
$8

Program services were 0.0% 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

    $182,180

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

    total $112,016 · related or exempt $112,016

  • 3 · Investment income

    total $551,714 · excluded $551,714

  • 7a · Gross sales of assets other than inventory

    securities $4,550,940

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

    securities $3,392,249

  • 7c · Gain or loss

    securities $1,158,691

  • 7d · Net gain or loss

    total $1,158,691 · excluded $1,158,691

  • 11a · Other revenue: MISCELLANEOUS

    total -$294,196 · related or exempt -$294,196

  • 11e · Other revenue, total

    -$294,196

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $91,235 · management and general $91,235

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $8 · program services $8

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $252,903 · end of year $15,380

  • 7 · Other notes and loans receivable

    beginning of year $4,259,907 · end of year $2,455,673

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,254 · end of year $11,695

  • 11 · Investments: publicly traded securities

    beginning of year $30,328,222 · end of year $27,989,157

  • 13 · Investments: program-related

    beginning of year $1,431,560 · end of year $1,431,560

  • 15 · Other assets

    beginning of year $84,606 · end of year $6,212

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,816,986 · end of year $3,463,908

  • 25 · Other liabilities

    beginning of year $4,419,507 · end of year $3,660,724

  • 27 · Net assets without donor restrictions

    beginning of year $27,123,959 · end of year $24,785,045

Mission and programs · 2022

Mission

TRINITY REGIONAL HEALTH SYSTEM USES ITS RESOURCES TO PROVIDE QUALITY CARE FOR OUR PATIENTS AND IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE.

Activities or mission (Part I)

PROVIDE QUALITY CARE FOR OUR PATIENTS AND IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE.

  • AFFILIATE SUPPORT SERVICESTRINITY REGIONAL HEALTH SYSTEM IS ORGANIZED TO SUPPORT THE MISSIONS OF SEVERAL RELATED CHARITABLE, TAX-EXEMPT ORGANIZATIONS INCLUDING TRINITY MEDICAL CENTER, TRINITY HEALTH FOUNDATION, THE ROBERT YOUNG CENTER FOR COMMUNITY MENTAL HEALTH, UNITY HEALTHCARE (DBA TRINITY MUSCATINE) AND TRINITY HEALTH ENTERPRISES, INC. 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 HOSPITALS, VISITING NURSE, HOSPICE CARE FACILITIES, MENTAL HEALTH CARE FACILITIES, CLINICS, EDUCATIONAL FACILITIES 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 $8 · Revenue -$182,180

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gregorio Aguilar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Aj Ahmed MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mary Ann Anderson PhD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Costas Constantinou MD

    BOARD MEMBER

    Total calculated
    $1,040,900
    From this org
    $0
    From related orgs
    $1,003,309
    Other
    $37,591
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $927,853 related
    Bonus
    $0 + $72,048 related
    Other
    $0 + $3,408 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $22,341 related
    Filer's total
    $0 + $1,040,900 related

  • Nathan Durick MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Patrick Eikenberry

    BOARD CHAIR

    Total calculated
    $2,500
    From this org
    $0
    From related orgs
    $2,500
    Other
    $0
    Hours/week
    1 + 1 related

  • Robert Erickson

    BOARD MEMBER/PRESIDENT/CEO

    Total calculated
    $810,812
    From this org
    $0
    From related orgs
    $680,681
    Other
    $130,131
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $510,076 related
    Bonus
    $0 + $153,613 related
    Other
    $0 + $16,992 related
    Deferred
    $0 + $98,448 related
    Nontaxable benefits
    $0 + $31,683 related
    Filer's total
    $0 + $810,812 related

  • Rev Dwight Ford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Debbie Freiburg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Francis Kane MD

    BOARD MEMBER

    Total calculated
    $100,600
    From this org
    $0
    From related orgs
    $89,589
    Other
    $11,011
    Hours/week
    1 + 40 related

  • Rev Christopher Lee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Lisa McCraw

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Msgr Mark Merdian

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Heidi Parkhurst

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Daniel Stein

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dana Wilkinson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Marie Ziegler

    BOARD VICE CHAIR

    Total calculated
    $13,500
    From this org
    $0
    From related orgs
    $13,500
    Other
    $0
    Hours/week
    1 + 1 related

  • Katherine Marchik

    SR VP FINANCE/CFO

    Total calculated
    $543,661
    From this org
    $0
    From related orgs
    $447,615
    Other
    $96,046
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $356,893 related
    Bonus
    $0 + $86,084 related
    Other
    $0 + $4,638 related
    Deferred
    $0 + $66,238 related
    Nontaxable benefits
    $0 + $29,808 related
    Filer's total
    $0 + $543,661 related

  • Mary Macumber-Schmidt

    PRESIDENT THF-QC

    Total calculated
    $252,462
    From this org
    $0
    From related orgs
    $238,932
    Other
    $13,530
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $190,113 related
    Bonus
    $0 + $45,181 related
    Other
    $0 + $3,638 related
    Deferred
    $0 + $11,825 related
    Nontaxable benefits
    $0 + $1,705 related
    Filer's total
    $0 + $252,462 related

  • Dennis Duke

    PRESIDENT RYC

    Total calculated
    $339,810
    From this org
    $0
    From related orgs
    $295,348
    Other
    $44,462
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $232,499 related
    Bonus
    $0 + $56,965 related
    Other
    $0 + $5,884 related
    Deferred
    $0 + $14,059 related
    Nontaxable benefits
    $0 + $30,403 related
    Filer's total
    $0 + $339,810 related

  • Joy Ledbetter

    VP HUMAN RESOURCES

    Total calculated
    $492,186
    From this org
    $0
    From related orgs
    $454,663
    Other
    $37,523
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $305,776 related
    Bonus
    $0 + $90,925 related
    Other
    $0 + $57,962 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $22,273 related
    Filer's total
    $0 + $492,186 related

  • Toyosi Olutade MD

    CHIEF MEDICAL OFFICER

    Total calculated
    $933,780
    From this org
    $0
    From related orgs
    $892,688
    Other
    $41,092
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $783,635 related
    Bonus
    $0 + $104,042 related
    Other
    $0 + $5,011 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $25,842 related
    Filer's total
    $0 + $933,780 related

  • Katherine Pearson

    SR VP/CHIEF STRATEGY OFFICER

    Total calculated
    $479,090
    From this org
    $0
    From related orgs
    $406,582
    Other
    $72,508
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $323,686 related
    Bonus
    $0 + $77,490 related
    Other
    $0 + $5,406 related
    Deferred
    $0 + $54,591 related
    Nontaxable benefits
    $0 + $17,917 related
    Filer's total
    $0 + $479,090 related

  • Barbara Weber

    CHIEF OPERATING OFFICER

    Total calculated
    $530,418
    From this org
    $0
    From related orgs
    $479,562
    Other
    $50,856
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $381,625 related
    Bonus
    $0 + $90,508 related
    Other
    $0 + $7,429 related
    Deferred
    $0 + $49,123 related
    Nontaxable benefits
    $0 + $1,733 related
    Filer's total
    $0 + $530,418 related

  • Richard Seidler To 519

    FORMER BD MEMBER/PRESIDENT/CEO

    Total calculated
    $367,341
    From this org
    $0
    From related orgs
    $367,341
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $367,341 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $367,341 related

  • John Sheehan To 919

    FORMER BD MEMBER/INTERIM PRES/CEO

    Total calculated
    $1,290,619
    From this org
    $0
    From related orgs
    $1,266,433
    Other
    $24,186
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $460,574 related
    Bonus
    $0 + $237,174 related
    Other
    $0 + $568,685 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $8,936 related
    Filer's total
    $0 + $1,290,619 related

  • Matthew Behrens To 919

    REG VP/CLINIC OPS

    Total calculated
    $319,261
    From this org
    $0
    From related orgs
    $294,692
    Other
    $24,569
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $223,028 related
    Bonus
    $0 + $71,526 related
    Other
    $0 + $138 related
    Deferred
    $0 + $14,942 related
    Nontaxable benefits
    $0 + $9,627 related
    Filer's total
    $0 + $319,261 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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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, LINES 4A-B
SEVERANCE PAYMENTS: THE FOLLOWING INDIVIDUAL(S) RECEIVED SEVERANCE PAYMENTS DURING THE YEAR THAT WERE INCLUDED IN THEIR TAXABLE INCOME: JOHN SHEEHAN $359,175. NONQUALIFIED RETIREMENT PLAN CONTRIBUTIONS: THE FOLLOWING INDIVIDUAL(S) PARTICIPATED IN AND RECEIVED CONTRIBUTIONS IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: ROBERT ERICKSON $83,198 , KATHERINE MARCHIK $50,988 , KATHERINE PEARSON $ 39,341, & BARBARA WEBER $38,292. NONQUALIFIED RETIREMENT PLAN DISTRIBUTIONS: THE FOLLOWING INDIVIDUAL(S) PARTICIPATED IN AND RECEIVED PAYMENTS FROM A SUPPLEMENTAL NON-QUALIFIED PLAN: RICHARD SEIDLER $ 367,341 & JOHN SHEEHAN $192,653. PAYOUTS ARE MADE WITH VESTED FUNDS, AS ESTABLISHED BY PLAN DOCUMENTS.

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 CARDIOVASCULAR CO-MANAGEMENT CO LLC

    CARDIOVASCULAR MANAGEMENT & ADMINISTRATIVE SERVICES · IA · general or managing partner

  • CENTRAL IOWA ONCOLOGY CO-MANAGEMENT COMPANY

    ONCOLOGY MANAGEMENT & ADMINISTRATIVE SERVICES · IA · general or managing partner

  • CENTRAL IOWA PHYSIO LLC

    PHYSICAL THERAPY SERVICES · IA · general or managing partner

  • CENTRAL IOWA SURGICAL SERVICES CO-MANAGEMENT CO LLC

    SURGICAL MANAGEMENT & ADMINISTRATIVE 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

    GROUP PURCHASING · IA · general or managing partner

  • 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

  • REHABILITATION THERAPY SERVICES LLC

    REHABILATION THERAPY · IL · 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 HOSPITAL ORTHOPEDIC CO-MANAGEMENT COMPANY LLC

    ORTHOPEDIC SERVICE LINES MANAGEMENT · IA · general or managing partner

  • 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

  • BELCREST SERVICES LTD

    C · MEDICAL SERVICES · IL

  • 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

  • HEALTH PLUS INC

    C · MANAGED CARE ADMINISTRATION · IL

  • 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

  • METHODIST HEALTH VENTURES INC & SUB

    C · PHARMACY/OFFICE STAFFING · IL

  • OPTIMUM HEALTH SOLUTIONS INC

    C · HEALTH & WELLNESS CONSULTING · IA

  • PEKIN PROHEALTH INC

    C · CLINIC · IL

  • PRECEDENCE INC

    C · MANAGED MENTAL CARE · IA

  • PRECEDENCE PLUS INC

    C · MANAGED MENTAL CARE · IA

  • PROVIDER RESOURCE MANAGEMENT INC

    C · RESOURCE MANAGEMENT · IL

  • STL HEALTH RESOURCES CO

    C · PHYSICIAN OFFICE RENTAL · IA

  • TRINITY HEALTH ENTERPRISES INC

    C · RETAIL DURABLE MEDICAL EQUIPMENT & PHARMACY · IL · 100% owned · share of income $2,293,183 · share of assets $643,032

    Directly controlled by TRINITY REGIONAL HEALTH SYSTEM

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202323189349307342

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