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Nonprofiteer
← SUTTER INSURANCE SERVICES CORPORATION

Form 990 for tax year 2022

Filed by SUTTER INSURANCE SERVICES CORPORATION.

Totals

Total revenue
$37,815,206
Total expenses
$42,947,137
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$41,137,307
Management and general expenses
$1,809,830
Fundraising expenses
$0
Program service expenses (Part III)
$41,137,307

Program services were 95.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • SARAH KREVANS

    CEO Emeritus, Sutter Health

    Total calculated
    $5,400,410
    From this org
    $0
    From related orgs
    $5,124,807
    Other
    $275,603
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,980,063 related
    Bonus
    $0 + $2,749,625 related
    Other
    $0 + $395,119 related
    Deferred
    $0 + $242,765 related
    Nontaxable benefits
    $0 + $32,838 related
    Filer's total
    $0 + $5,400,410 related

  • WARNER THOMAS

    PRESIDENT & CEO SH (PT-YR)

    Total calculated
    $3,459,427
    From this org
    $0
    From related orgs
    $194,285
    Other
    $3,265,142
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $190,661 related
    Bonus
    $0
    Other
    $0 + $3,624 related
    Deferred
    $0 + $3,260,621 related
    Nontaxable benefits
    $0 + $4,521 related
    Filer's total
    $0 + $3,459,427 related

  • JAMES CONFORTI

    SH SVP, Interim CEO

    Total calculated
    $3,146,253
    From this org
    $0
    From related orgs
    $2,919,261
    Other
    $226,992
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,501,356 related
    Bonus
    $0 + $988,152 related
    Other
    $0 + $429,753 related
    Deferred
    $0 + $193,665 related
    Nontaxable benefits
    $0 + $33,327 related
    Filer's total
    $0 + $3,146,253 related

  • BRIAN DEAN

    SH, VP, CFO

    Total calculated
    $2,768,516
    From this org
    $0
    From related orgs
    $2,576,364
    Other
    $192,152
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,166,563 related
    Bonus
    $0 + $1,295,104 related
    Other
    $0 + $114,697 related
    Deferred
    $0 + $155,065 related
    Nontaxable benefits
    $0 + $37,087 related
    Filer's total
    $0 + $2,768,516 related

  • FLORENCE DI BENEDETTO

    CHAIR SISCO/SVP GEN COUNSEL SH

    Total calculated
    $2,375,019
    From this org
    $0
    From related orgs
    $2,238,623
    Other
    $136,396
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $798,114 related
    Bonus
    not reported + $1,245,899 related
    Other
    not reported + $194,610 related
    Deferred
    not reported + $120,265 related
    Nontaxable benefits
    not reported + $16,131 related
    Filer's total
    not reported + $2,375,019 related

  • BONNIE GEORGE

    PRESIDENT/CEO SISCO

    Total calculated
    $570,354
    From this org
    $0
    From related orgs
    $516,635
    Other
    $53,719
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $358,406 related
    Bonus
    $0 + $114,246 related
    Other
    $0 + $43,983 related
    Deferred
    $0 + $33,965 related
    Nontaxable benefits
    $0 + $19,754 related
    Filer's total
    $0 + $570,354 related

  • GENA PEYTON

    SH VP, CRO, SISCO SEC

    Total calculated
    $371,805
    From this org
    $0
    From related orgs
    $335,150
    Other
    $36,655
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $259,876 related
    Bonus
    $0 + $39,767 related
    Other
    $0 + $35,507 related
    Deferred
    $0 + $6,867 related
    Nontaxable benefits
    $0 + $29,788 related
    Filer's total
    $0 + $371,805 related

  • SUSAN BURCHIEL

    CFO SISCO

    Total calculated
    $286,149
    From this org
    $0
    From related orgs
    $252,253
    Other
    $33,896
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $221,285 related
    Bonus
    $0 + $30,270 related
    Other
    $0 + $698 related
    Deferred
    $0 + $3,673 related
    Nontaxable benefits
    $0 + $30,223 related
    Filer's total
    $0 + $286,149 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
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3
SUPPLEMENTAL COMPENSATION INFORMATION: THE COMPENSATION COMMITTEE OF THE SUTTER HEALTH BOARD OF DIRECTORS RETAINS ULTIMATE DISCRETIONARY AUTHORITY OVER ALL ELEMENTS OF COMPENSATION TO ASSURE THAT ORGANIZATIONAL PURPOSES ARE APPROPRIATELY BEING SERVED. THE COMPENSATION COMMITTEE USES CREDIBLE INDEPENDENT DATA SOURCES AND MAINTAINS AN OBJECTIVE "ARMS LENGTH" DECISION-MAKING PROCESS, ENSURING THE INTEGRITY OF SUTTER'S EXECUTIVE PROGRAMS AND CONSISTENCY WITH THE ORGANIZATION'S OVERALL MISSION. 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 4A
SEVERANCE PAYMENTS: JAMES CONFORTI RECEIVED SEVERANCE PAYMENTS OF $92,308.
SCHEDULE J, PART I, LINE 4B
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 AND SOCIAL SECURITY BENEFITS. 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 12% OF BASE SALARY PLUS ANNUAL INCENTIVE PLAN AWARD (COMMENSURATE WITH MANAGEMENT LEVEL). CONTRIBUTIONS ARE ALSO MADE FOR A SMALL GROUP OF SENIOR LEVEL EXECUTIVES WHOSE ESTIMATED RETIREMENT BENEFIT (SOCIAL SECURITY PLUS QUALIFIED PLAN BENEFITS PLUS 457F) FALLS BELOW 50% - 65% OF FINAL 4-YEAR AVERAGE BASE SALARY WHEN RETIRING AT AGE 65 WITH 22.5 YEARS OF SERVICE. TARGET BENEFIT LEVELS ARE DISCOUNTED FOR YEARS OF SERVICE LESS THAN 22.5 AT AGE 65. 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 A LONG TERM PERFORMANCE PLAN WHICH IS 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 BY THE COMPENSATION COMMITTEE PRIOR TO PAYMENT.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202303189349319815

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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