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Nonprofiteer
← SUTTER VALLEY MEDICAL FOUNDATION

Form 990 for tax year 2023

Filed by SUTTER VALLEY MEDICAL FOUNDATION.

Totals

Total revenue
$2,012,471,377
Total expenses
$1,895,336,160
Contributions and grants received
$11,571,755
Grants paid
$31,891
Program service revenue
$1,996,672,197
Investment income
$3,562,575
Other revenue
$664,850
Total assets, end of year
$680,595,696
Total liabilities, end of year
$448,316,831
Net assets or fund balances, end of year
$232,278,865
Program services expenses (Part IX)
$1,784,906,641
Management and general expenses
$110,094,982
Fundraising expenses
$334,537
Program service expenses (Part III)
$1,784,906,641

Program services were 94.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Warner Thomas

    President & CEO, SH

    Total calculated
    $11,497,041
    From this org
    $0
    From related orgs
    $8,705,274
    Other
    $2,791,767
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,528,389 related
    Bonus
    $0 + $6,116,203 related
    Other
    $0 + $60,682 related
    Deferred
    $0 + $2,720,017 related
    Nontaxable benefits
    $0 + $71,750 related
    Filer's total
    $0 + $11,497,041 related

  • James Conforti

    Former Interim Pres & CEO, SH

    Total calculated
    $6,356,149
    From this org
    $0
    From related orgs
    $6,356,149
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $1,304,102 related
    Other
    $0 + $5,052,047 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $6,356,149 related

  • Theresa Frei

    CEO/PRES/Asst Sec, SVMF(PT-YR)

    Total calculated
    $2,403,304
    From this org
    $0
    From related orgs
    $2,264,775
    Other
    $138,529
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $539,018 related
    Bonus
    $0 + $1,023,723 related
    Other
    $0 + $702,034 related
    Deferred
    $0 + $117,164 related
    Nontaxable benefits
    $0 + $21,365 related
    Filer's total
    $0 + $2,403,304 related

  • Dominic Nakis

    SH Interim CFO

    Total calculated
    $1,353,843
    From this org
    $0
    From related orgs
    $1,353,843
    Other
    $0
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,353,843 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $1,353,843 related

  • Rachael McKinney

    President, Sacramento Market

    Total calculated
    $1,241,936
    From this org
    $0
    From related orgs
    $1,127,062
    Other
    $114,874
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $734,820 related
    Bonus
    $0 + $328,505 related
    Other
    $0 + $63,737 related
    Deferred
    $0 + $73,064 related
    Nontaxable benefits
    $0 + $41,810 related
    Filer's total
    $0 + $1,241,936 related

  • Todd Smith MD

    SVP, Chief Phys Ex/PRES(PT-YR)

    Total calculated
    $1,220,510
    From this org
    $0
    From related orgs
    $1,112,469
    Other
    $108,041
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $682,684 related
    Bonus
    $0 + $261,289 related
    Other
    $0 + $168,496 related
    Deferred
    $0 + $63,864 related
    Nontaxable benefits
    $0 + $44,177 related
    Filer's total
    $0 + $1,220,510 related

  • Mark Sevco

    SVP, COO/Asst Sec (pt-yr)

    Total calculated
    $1,166,979
    From this org
    $0
    From related orgs
    $1,149,784
    Other
    $17,195
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $804,604 related
    Bonus
    $0 + $330,000 related
    Other
    $0 + $15,180 related
    Deferred
    $0 + $3,864 related
    Nontaxable benefits
    $0 + $13,331 related
    Filer's total
    $0 + $1,166,979 related

  • Eugene Patrizio

    President, Central Valley Mkt

    Total calculated
    $1,150,211
    From this org
    $0
    From related orgs
    $1,045,369
    Other
    $104,842
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $672,942 related
    Bonus
    $0 + $312,634 related
    Other
    $0 + $59,793 related
    Deferred
    $0 + $69,564 related
    Nontaxable benefits
    $0 + $35,278 related
    Filer's total
    $0 + $1,150,211 related

  • Gary Zufelt

    CEO, Ambulatory-Sacramento Mkt

    Total calculated
    $1,032,474
    From this org
    $0
    From related orgs
    $934,755
    Other
    $97,719
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $576,298 related
    Bonus
    $0 + $248,022 related
    Other
    $0 + $110,435 related
    Deferred
    $0 + $67,164 related
    Nontaxable benefits
    $0 + $30,555 related
    Filer's total
    $0 + $1,032,474 related

  • Peter Hull MD

    CMO, Sacramento Market/Chair

    Total calculated
    $789,103
    From this org
    $0
    From related orgs
    $731,027
    Other
    $58,076
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $584,168 related
    Bonus
    $0 + $106,553 related
    Other
    $0 + $40,306 related
    Deferred
    $0 + $31,364 related
    Nontaxable benefits
    $0 + $26,712 related
    Filer's total
    $0 + $789,103 related

  • Suheir Haddad

    CFO Valley Area - SVMF (PT-YR)

    Total calculated
    $748,514
    From this org
    $0
    From related orgs
    $670,084
    Other
    $78,430
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $452,758 related
    Bonus
    $0 + $156,753 related
    Other
    $0 + $60,573 related
    Deferred
    $0 + $44,764 related
    Nontaxable benefits
    $0 + $33,666 related
    Filer's total
    $0 + $748,514 related

  • Michael D Marino

    SH VP, HR Central Valley Mkt

    Total calculated
    $589,334
    From this org
    $0
    From related orgs
    $532,678
    Other
    $56,656
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $419,845 related
    Bonus
    $0 + $88,169 related
    Other
    $0 + $24,664 related
    Deferred
    $0 + $33,264 related
    Nontaxable benefits
    $0 + $23,392 related
    Filer's total
    $0 + $589,334 related

  • Colleen J Koscki

    SH VP, HR Sacramento Market

    Total calculated
    $557,862
    From this org
    $0
    From related orgs
    $503,684
    Other
    $54,178
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $395,261 related
    Bonus
    $0 + $83,137 related
    Other
    $0 + $25,286 related
    Deferred
    $0 + $31,264 related
    Nontaxable benefits
    $0 + $22,914 related
    Filer's total
    $0 + $557,862 related

  • Benjamin Kirk

    SH VP, Legal Ops, Valley/SEC

    Total calculated
    $511,191
    From this org
    $0
    From related orgs
    $394,895
    Other
    $116,296
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $341,987 related
    Bonus
    $0 + $45,018 related
    Other
    $0 + $7,890 related
    Deferred
    $0 + $85,989 related
    Nontaxable benefits
    $0 + $30,307 related
    Filer's total
    $0 + $511,191 related

  • Patrina White

    CEO, SSCD/SCAH

    Total calculated
    $482,006
    From this org
    $0
    From related orgs
    $418,646
    Other
    $63,360
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $141,671 related
    Bonus
    $0 + $273,508 related
    Other
    $0 + $3,467 related
    Deferred
    $0 + $55,799 related
    Nontaxable benefits
    $0 + $7,561 related
    Filer's total
    $0 + $482,006 related

  • Ahmad Al-Basheer

    Director, Physics

    Total calculated
    $448,053
    From this org
    $351,119
    From related orgs
    $0
    Other
    $96,934
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $304,080
    Bonus
    $42,521
    Other
    $4,518
    Deferred
    $68,124
    Nontaxable benefits
    $28,810
    Filer's total
    $448,053

  • Sandi Adams

    Executive, Service Line

    Total calculated
    $381,412
    From this org
    $301,182
    From related orgs
    $0
    Other
    $80,230
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $257,889
    Bonus
    $35,490
    Other
    $7,803
    Deferred
    $59,580
    Nontaxable benefits
    $20,650
    Filer's total
    $381,412

  • Asaad Abdelmalek

    Executive, Service Line

    Total calculated
    $364,702
    From this org
    $280,519
    From related orgs
    $0
    Other
    $84,183
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,013
    Bonus
    $32,373
    Other
    $2,133
    Deferred
    $52,829
    Nontaxable benefits
    $31,354
    Filer's total
    $364,702

  • Trudy Fidler

    Executive, Lab Services

    Total calculated
    $362,523
    From this org
    $284,316
    From related orgs
    $0
    Other
    $78,207
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,911
    Bonus
    $32,236
    Other
    $4,169
    Deferred
    $54,267
    Nontaxable benefits
    $23,940
    Filer's total
    $362,523

  • Chuan Wu

    Chief Physicist

    Total calculated
    $313,672
    From this org
    $283,929
    From related orgs
    $0
    Other
    $29,743
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $281,159
    Bonus
    $1,000
    Other
    $1,770
    Deferred
    $3,292
    Nontaxable benefits
    $26,451
    Filer's total
    $313,672

  • Rishi Menon MD

    Director, Medical Affairs

    Total calculated
    $29,966
    From this org
    $0
    From related orgs
    $29,520
    Other
    $446
    Hours/week
    2 + 40 related

  • I-Mei Hsiu MD

    DIRECTOR & SH BOARD

    Total calculated
    $27,500
    From this org
    $0
    From related orgs
    $27,500
    Other
    $0
    Hours/week
    2 + 9 related

  • Timothy Byrd

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Benjamin Duran

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Viva Ettin MD

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Bronwyn Fields RN

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Dan Flores

    Chair Finance & Planning

    Total calculated
    $0
    Hours/week
    4 + 4 related

  • Duke Leffler

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Maria Pallavicini

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Stephen Peters MD

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Leticia Robles

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Kurt Shuler MD

    Director

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • Jerry Tokunaga

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Michael Yacob

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 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
  • 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
THE FOLLOWING INDIVIDUALS RECEIVED Severance PAYMENTS DURING THE YEAR: James Conforti: $ 1,599,998 Theresa Frei: $ 483,547 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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202413199349303916

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