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Nonprofiteer
← UNIVERSITY PHYSICIANS & SURGEONS INC

Form 990 for tax year 2023

Filed by UNIVERSITY PHYSICIANS & SURGEONS INC.

Totals

Total revenue
$260,739,984
Total expenses
$250,045,944
Contributions and grants received
$1,121,725
Grants paid
$162,560
Program service revenue
$247,629,789
Investment income
$2,584,583
Other revenue
$9,403,887
Total assets, end of year
$173,806,802
Total liabilities, end of year
$98,244,353
Net assets or fund balances, end of year
$75,562,449
Program services expenses (Part IX)
$236,392,010
Management and general expenses
$13,653,934
Fundraising expenses
$0
Program service expenses (Part III)
$236,392,010

Program services were 94.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • VISHAL VERMA

    PHYSICIAN

    Total calculated
    $1,923,499
    From this org
    $1,494,732
    From related orgs
    $25,000
    Other
    $403,767
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $1,494,732 + $25,000 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $402,267 + $1,500 related
    Nontaxable benefits
    not reported
    Filer's total
    $1,896,999 + $26,500 related

  • NICOLAS PHAN

    PHYSICIAN

    Total calculated
    $1,808,617
    From this org
    $1,674,337
    From related orgs
    $108,000
    Other
    $26,280
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $1,674,337 + $108,000 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $19,800 + $6,480 related
    Nontaxable benefits
    not reported
    Filer's total
    $1,694,137 + $114,480 related

  • SAJEEL KHAN

    PHYSICIAN

    Total calculated
    $1,503,686
    From this org
    $1,457,386
    From related orgs
    $25,000
    Other
    $21,300
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $1,457,386 + $25,000 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $19,800 + $1,500 related
    Nontaxable benefits
    not reported
    Filer's total
    $1,477,186 + $26,500 related

  • WESAM FRANDAH

    PHYSICIAN

    Total calculated
    $1,435,458
    From this org
    $1,387,833
    From related orgs
    $26,250
    Other
    $21,375
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $1,387,833 + $26,250 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $19,800 + $1,575 related
    Nontaxable benefits
    not reported
    Filer's total
    $1,407,633 + $27,825 related

  • CHAD LAVENDER

    PHYSICIAN

    Total calculated
    $1,414,204
    From this org
    $1,319,827
    From related orgs
    $25,000
    Other
    $69,377
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $1,319,827 + $25,000 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $67,877 + $1,500 related
    Nontaxable benefits
    not reported
    Filer's total
    $1,387,704 + $26,500 related

  • ALI OLIASHIRAZI

    DIRECTOR

    Total calculated
    $1,290,554
    From this org
    $899,250
    From related orgs
    $351,704
    Other
    $39,600
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $899,250 + $351,704 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $19,800 + $19,800 related
    Nontaxable benefits
    not reported
    Filer's total
    $919,050 + $371,504 related

  • DAVID M WARD

    SENIOR VP &

    Total calculated
    $929,352
    From this org
    $0
    From related orgs
    $919,229
    Other
    $10,123

    Schedule J breakdown matched by us

    Base
    not reported + $561,193 related
    Bonus
    not reported + $343,513 related
    Other
    not reported + $14,523 related
    Deferred
    not reported + $10,123 related
    Nontaxable benefits
    not reported + $14,350 related
    Filer's total
    not reported + $929,352 related

  • KEVIN W YINGLING

    PRESIDENT &

    Total calculated
    $868,858
    From this org
    $0
    From related orgs
    $868,858
    Other
    $0

    Schedule J breakdown matched by us

    Base
    not reported + $850,000 related
    Bonus
    not reported
    Other
    not reported + $18,858 related
    Deferred
    not reported
    Nontaxable benefits
    not reported + $28,699 related
    Filer's total
    not reported + $868,858 related

  • STEVEN LOCHOW

    DIRECTOR

    Total calculated
    $843,508
    From this org
    $0
    From related orgs
    $833,608
    Other
    $9,900

    Schedule J breakdown matched by us

    Base
    not reported + $833,608 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $9,900 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $843,508 related

  • MEHIAR EL-HAMDANI

    DIRECTOR

    Total calculated
    $808,599
    From this org
    $515,542
    From related orgs
    $257,790
    Other
    $35,267
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $515,542 + $257,790 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $19,800 + $15,467 related
    Nontaxable benefits
    not reported
    Filer's total
    $535,342 + $273,257 related

  • DANA LYCANS

    FORMER DIREC

    Total calculated
    $793,667
    From this org
    $747,367
    From related orgs
    $25,000
    Other
    $21,300
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $747,367 + $25,000 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $19,800 + $1,500 related
    Nontaxable benefits
    not reported
    Filer's total
    $767,167 + $26,500 related

  • LARRY DIAL

    CHAIR

    Total calculated
    $590,514
    From this org
    $544,214
    From related orgs
    $25,000
    Other
    $21,300
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $544,214 + $25,000 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $19,800 + $1,500 related
    Nontaxable benefits
    not reported
    Filer's total
    $564,014 + $26,500 related

  • ANTHONY ALBERICO

    FORMER DIREC

    Total calculated
    $530,757
    From this org
    $442,754
    From related orgs
    $67,504
    Other
    $20,499
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $442,754 + $67,504 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $16,449 + $4,050 related
    Nontaxable benefits
    not reported
    Filer's total
    $459,203 + $71,554 related

  • HOYT J BURDICK

    VP CMO

    Total calculated
    $510,425
    From this org
    $0
    From related orgs
    $505,187
    Other
    $5,238

    Schedule J breakdown matched by us

    Base
    not reported + $497,549 related
    Bonus
    not reported
    Other
    not reported + $7,638 related
    Deferred
    not reported + $5,238 related
    Nontaxable benefits
    not reported + $27,695 related
    Filer's total
    not reported + $510,425 related

  • BOBBY MILLER

    FORMER CHAIR

    Total calculated
    $503,500
    From this org
    $306,503
    From related orgs
    $168,497
    Other
    $28,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $306,503 + $168,497 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $18,390 + $10,110 related
    Nontaxable benefits
    not reported
    Filer's total
    $324,893 + $178,607 related

  • LISA C STUMP

    SYSTEM VP &

    Total calculated
    $493,307
    From this org
    $0
    From related orgs
    $493,307
    Other
    $0

    Schedule J breakdown matched by us

    Base
    not reported + $385,818 related
    Bonus
    not reported + $105,467 related
    Other
    not reported + $2,022 related
    Deferred
    not reported
    Nontaxable benefits
    not reported + $28,699 related
    Filer's total
    not reported + $493,307 related

  • DAVID JUDE

    FORMER DIREC

    Total calculated
    $485,327
    From this org
    $359,527
    From related orgs
    $100,000
    Other
    $25,800
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $359,527 + $100,000 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $19,800 + $6,000 related
    Nontaxable benefits
    not reported
    Filer's total
    $379,327 + $106,000 related

  • DEWAYNE TACKETT

    DIRECTOR

    Total calculated
    $479,628
    From this org
    $0
    From related orgs
    $469,728
    Other
    $9,900

    Schedule J breakdown matched by us

    Base
    not reported + $469,728 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $9,900 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $479,628 related

  • STEPHEN PETRANY

    DIRECTOR

    Total calculated
    $467,700
    From this org
    $181,736
    From related orgs
    $262,264
    Other
    $23,700
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,736 + $262,264 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,964 + $15,736 related
    Nontaxable benefits
    not reported
    Filer's total
    $189,700 + $278,000 related

  • ROBERT TAYENGCO

    DIRECTOR

    Total calculated
    $465,524
    From this org
    $0
    From related orgs
    $450,530
    Other
    $14,994

    Schedule J breakdown matched by us

    Base
    not reported + $450,530 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $14,994 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $465,524 related

  • PAUL E SMITH

    CHIEF ADMIN

    Total calculated
    $435,988
    From this org
    $0
    From related orgs
    $429,993
    Other
    $5,995

    Schedule J breakdown matched by us

    Base
    not reported + $422,355 related
    Bonus
    not reported
    Other
    not reported + $7,638 related
    Deferred
    not reported + $5,995 related
    Nontaxable benefits
    not reported + $28,699 related
    Filer's total
    not reported + $435,988 related

  • PAULETTE WEHNER

    FORMER SEC/T

    Total calculated
    $424,000
    From this org
    $179,496
    From related orgs
    $220,504
    Other
    $24,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,496 + $220,504 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $10,770 + $13,230 related
    Nontaxable benefits
    not reported
    Filer's total
    $190,266 + $233,734 related

  • HADASSAH FRYE

    DIRECTOR

    Total calculated
    $422,274
    From this org
    $0
    From related orgs
    $412,374
    Other
    $9,900

    Schedule J breakdown matched by us

    Base
    not reported + $412,374 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $9,900 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $422,274 related

  • BETH HAMMERS

    CEAO

    Total calculated
    $369,800
    From this org
    $350,000
    From related orgs
    $0
    Other
    $19,800
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $350,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    $19,800
    Nontaxable benefits
    not reported
    Filer's total
    $369,800

  • SUSAN T ROBINSON

    CHIEF HR OFF

    Total calculated
    $364,312
    From this org
    $0
    From related orgs
    $364,312
    Other
    $0

    Schedule J breakdown matched by us

    Base
    not reported + $360,748 related
    Bonus
    not reported
    Other
    not reported + $3,564 related
    Deferred
    not reported
    Nontaxable benefits
    not reported + $44,627 related
    Filer's total
    not reported + $364,312 related

  • MARK A MORGAN

    VP PHYS SERV

    Total calculated
    $363,748
    From this org
    $0
    From related orgs
    $363,748
    Other
    $0

    Schedule J breakdown matched by us

    Base
    not reported + $355,809 related
    Bonus
    not reported + $6,697 related
    Other
    not reported + $1,242 related
    Deferred
    not reported
    Nontaxable benefits
    not reported + $44,627 related
    Filer's total
    not reported + $363,748 related

  • MELISSA E LEASURE

    SYSTEM VP &

    Total calculated
    $357,297
    From this org
    $0
    From related orgs
    $357,297
    Other
    $0

    Schedule J breakdown matched by us

    Base
    not reported + $356,019 related
    Bonus
    not reported
    Other
    not reported + $1,278 related
    Deferred
    not reported
    Nontaxable benefits
    not reported + $44,627 related
    Filer's total
    not reported + $357,297 related

  • REGINA M CAMPBELL

    CHIEF NURSIN

    Total calculated
    $344,566
    From this org
    $0
    From related orgs
    $344,566
    Other
    $0

    Schedule J breakdown matched by us

    Base
    not reported + $337,708 related
    Bonus
    not reported
    Other
    not reported + $6,858 related
    Deferred
    not reported
    Nontaxable benefits
    not reported + $27,695 related
    Filer's total
    not reported + $344,566 related

  • JAMES BECKER

    FORMER DIREC

    Total calculated
    $336,538
    From this org
    $235,000
    From related orgs
    $83,055
    Other
    $18,483
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,000 + $83,055 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $13,500 + $4,983 related
    Nontaxable benefits
    not reported
    Filer's total
    $248,500 + $88,038 related

  • SUSAN FLESHER

    DIRECTOR

    Total calculated
    $335,042
    From this org
    $259,202
    From related orgs
    $56,875
    Other
    $18,965
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $259,202 + $56,875 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $15,552 + $3,413 related
    Nontaxable benefits
    not reported
    Filer's total
    $274,754 + $60,288 related

  • EDUARDO PINO

    SYSTEM CMIO

    Total calculated
    $315,512
    From this org
    $0
    From related orgs
    $315,512
    Other
    $0

    Schedule J breakdown matched by us

    Base
    not reported + $308,654 related
    Bonus
    not reported
    Other
    not reported + $6,858 related
    Deferred
    not reported
    Nontaxable benefits
    not reported + $28,699 related
    Filer's total
    not reported + $315,512 related

  • DAVID GOZAL

    VICE-CHAIRMA

    Total calculated
    $312,107
    From this org
    $150,568
    From related orgs
    $144,231
    Other
    $17,308
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $150,568 + $144,231 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,654 + $8,654 related
    Nontaxable benefits
    not reported
    Filer's total
    $159,222 + $152,885 related

  • JOSEPH EVANS

    FORMER VICE-

    Total calculated
    $296,759
    From this org
    $226,956
    From related orgs
    $53,255
    Other
    $16,548
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $226,956 + $53,255 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $13,353 + $3,195 related
    Nontaxable benefits
    not reported
    Filer's total
    $240,309 + $56,450 related

  • FAREED AZIZ

    VP REVENUE C

    Total calculated
    $271,127
    From this org
    $0
    From related orgs
    $271,127
    Other
    $0

    Schedule J breakdown matched by us

    Base
    not reported + $270,587 related
    Bonus
    not reported
    Other
    not reported + $540 related
    Deferred
    not reported
    Nontaxable benefits
    not reported + $44,627 related
    Filer's total
    not reported + $271,127 related

  • BRADLEY BURCK

    VP CORP FND

    Total calculated
    $266,016
    From this org
    $0
    From related orgs
    $266,016
    Other
    $0

    Schedule J breakdown matched by us

    Base
    not reported + $224,474 related
    Bonus
    not reported + $39,624 related
    Other
    not reported + $1,918 related
    Deferred
    not reported
    Nontaxable benefits
    not reported + $38,462 related
    Filer's total
    not reported + $266,016 related

  • JOHN M STRAUB

    CFO

    Total calculated
    $265,000
    From this org
    $250,000
    From related orgs
    $0
    Other
    $15,000
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $250,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    $15,000
    Nontaxable benefits
    not reported
    Filer's total
    $265,000

  • AARON C BLEVINS

    CHIEF PHARMA

    Total calculated
    $264,270
    From this org
    $0
    From related orgs
    $264,270
    Other
    $0

    Schedule J breakdown matched by us

    Base
    not reported + $253,596 related
    Bonus
    not reported + $9,865 related
    Other
    not reported + $809 related
    Deferred
    not reported
    Nontaxable benefits
    not reported + $44,627 related
    Filer's total
    not reported + $264,270 related

  • SHANNON BROWNING

    CMIO

    Total calculated
    $261,680
    From this org
    $148,180
    From related orgs
    $100,000
    Other
    $13,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,180 + $100,000 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,500 + $6,000 related
    Nontaxable benefits
    not reported
    Filer's total
    $155,680 + $106,000 related

  • NATHAN WARD

    COO

    Total calculated
    $222,600
    From this org
    $210,000
    From related orgs
    $0
    Other
    $12,600
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $210,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    $12,600
    Nontaxable benefits
    not reported
    Filer's total
    $222,600

  • MICHAEL MCCARTHY

    CIO

    Total calculated
    $212,896
    From this org
    $95,532
    From related orgs
    $105,327
    Other
    $12,037
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $95,532 + $105,327 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,717 + $6,320 related
    Nontaxable benefits
    not reported
    Filer's total
    $101,249 + $111,647 related

  • JOHN K FIFE

    VP SUPPLY CH

    Total calculated
    $184,167
    From this org
    $0
    From related orgs
    $184,167
    Other
    $0

    Schedule J breakdown matched by us

    Base
    not reported + $183,295 related
    Bonus
    not reported
    Other
    not reported + $872 related
    Deferred
    not reported
    Nontaxable benefits
    not reported + $38,462 related
    Filer's total
    not reported + $184,167 related

  • THOMAS A HEFNER

    VP FINANCE

    Total calculated
    $178,914
    From this org
    $0
    From related orgs
    $178,914
    Other
    $0

    Schedule J breakdown matched by us

    Base
    not reported + $177,691 related
    Bonus
    not reported
    Other
    not reported + $1,223 related
    Deferred
    not reported
    Nontaxable benefits
    not reported + $27,695 related
    Filer's total
    not reported + $178,914 related

  • MICHAEL CHIRICO

    FORMER CSO

    Total calculated
    $169,222
    From this org
    $160,209
    From related orgs
    $0
    Other
    $9,013
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,209
    Bonus
    not reported
    Other
    not reported
    Deferred
    $9,013
    Nontaxable benefits
    not reported
    Filer's total
    $169,222

  • ANDREA LAUFFER

    DIRECTOR

    Total calculated
    $161,970
    From this org
    $128,198
    From related orgs
    $25,000
    Other
    $8,772
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,198 + $25,000 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,272 + $1,500 related
    Nontaxable benefits
    not reported
    Filer's total
    $135,470 + $26,500 related

  • SHEANNA SPENCE

    CMO

    Total calculated
    $106,250
    From this org
    $100,250
    From related orgs
    $0
    Other
    $6,000
    Hours/week
    40

  • F LAYTON COTTRILL

    FORMER MU DE

    Total calculated
    $20,808
    From this org
    $20,808
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $20,808
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $20,808

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4
VISHAL VERMA 0 382,467 0 CHAD LAVENDER 0 48,077 0
SCHEDULE J, PART III
PART I, LINE 3: THE BOARD OF DIRECTORS OF A RELATED ORGANIZATION HAS ADOPTED A WRITTEN EXECUTIVE COMPENSATION POLICY SETTING FORTH THE BOARD PHILOSOPHY WITH RESPECT TO THE COMPENSATION OF ITS EXECUTIVES. AN EXECUTIVE COMPENSATION COMMITTEE COMPRISED OF BOARD MEMBERS HAS BEEN DELEGATED THE RESPONSIBILITY FOR ESTABLISHING COMPENSATION OF THE CHIEF EXECUTIVE OFFICER OF THE ORGANIZATION IN KEEPING WITH THE PHILOSOPHY ESTABLISHED BY THE BOARD. THE COMPENSATION COMMITTEE HAS ENGAGED THE OUTSIDE CONSULTING FIRM OF YAFFE AND ASSOCIATES, A FIRM WHICH SPECIALIZES IN ANALYZING NON-PROFIT EXECUTIVE COMPENSATION. THE OUTSIDE CONSULTING FIRM PERIODICALLY PROVIDES THE COMMITTEE WITH RELEVANT DATA CONCERNING THE COMPENSATION LEVELS OF EXECUTIVES OF HOSPITALS SIMILAR IN SIZE TO THE ORGANIZATION AND IN COMPARABLE GEOGRAPHIC AREAS. THE COMPENSATION COMMITTEE CONSIDERS THIS DATA TOGETHER WITH THE EXTENT TO WHICH PRE-ESTABLISHED GOALS HAVE BEEN ACCOMPLISHED AND THE FINANCIAL PERFORMANCE OF THE HOSPITALS AND ESTABLISHES THE COMPENSATION LEVEL FOR THE CHIEF EXECUTIVE OFFICER. PART I, LINE 4B: EFFECTIVE JULY 1, 2019, THE CORPORATION ESTABLISHED A NON-QUALIFIED EXECUTIVE BENEFIT PLAN FOR KEY EMPLOYEES KNOWN AS THE MARSHALL HEALTH CAPITAL ACCUMULATION PROGRAM (MHCAP). THE MHCAP IS BEING FUNDED VIA LIFE INSURANCE POLICIES, AND SPLIT DOLLAR LOAN AGREEMENTS HAVE BEEN ENTERED INTO WITH THE PARTICIPANTS COVERED UNDER THE PLAN. AS PART OF THE SPLIT DOLLAR LOAN AGREEMENTS, THE PARTICIPANTS HAVE ASSIGNED THE POLICIES TO THE CORPORATION AS COLLATERAL. THIS ASSIGNMENT SECURES REPAYMENT OF ANY ADVANCES AND ACCRUED INTEREST FOR THE POLICY PREMIUMS. THE LOANS BEAR INTEREST AT THE APPLICABLE FEDERAL RATE UNDER INTERNAL REVENUE CODE SECTION 1274(D) IN EFFECT ON THE DATE OF THE LOAN. THE RATE IS BASED ON THE PARTICIPANTS' LIFE EXPECTANCY AND THE COMPOUNDING PERIOD AS PROVIDED IN TREASURY REGULATION SECTION 1.7872-15. REPAYMENT OF THE LOANS OCCURS AT THE TIME OF DEATH OF THE PARTICIPANTS. REFER TO SCHEDULE L FOR MORE INFORMATION. RELATED ORGANIZATION HAS A 457F PLAN FOR CERTAIN OFFICERS. THE FOLLOWING PAYMENTS WERE MADE DURING THE YEAR: KEVIN YINGLING, PRESIDENT & CEO 129,300 HOYT BURDICK, VP & CMO 77,768 REGINA CAMPBELL, CHIEF NURSING OFFICER 52,039 LARRY DIAL, CHIEF CLINICAL OFFICER 75,003

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.

Related corporations and trusts

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

  • MARSHALL PHARMACY

    C CORP · PHARMACIES · WV · 45% owned · share of income -$576,801 · share of assets $2,665,521

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202511359349305176

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