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← YAVAPAI REGIONAL MEDICAL CENTER FOUNDATION

Form 990 for tax year 2023

Filed by YAVAPAI REGIONAL MEDICAL CENTER FOUNDATION.

Totals

Total revenue
$2,940,286
Total expenses
$2,562,827
Contributions and grants received
$2,891,346
Grants paid
$1,754,281
Program service revenue
$0
Investment income
$56,658
Other revenue
-$7,718
Total assets, end of year
$5,294,627
Total liabilities, end of year
$135,426
Net assets or fund balances, end of year
$5,159,201
Program services expenses (Part IX)
$1,754,281
Management and general expenses
$800,518
Fundraising expenses
$8,028
Program service expenses (Part III)
$1,754,281

Program services were 68.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ANTHONY V TORRES MD

    EX-OFFICIO BOARD MEMBER

    Total calculated
    $1,102,594
    From this org
    $0
    From related orgs
    $1,007,144
    Other
    $95,450
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $487,225 related
    Bonus
    $0 + $420,319 related
    Other
    $0 + $99,600 related
    Deferred
    $0 + $70,215 related
    Nontaxable benefits
    $0 + $25,235 related
    Filer's total
    $0 + $1,102,594 related

  • MATTHEW RICE

    CFO

    Total calculated
    $351,972
    From this org
    $0
    From related orgs
    $306,094
    Other
    $45,878
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $212,562 related
    Bonus
    $0 + $51,928 related
    Other
    $0 + $41,604 related
    Deferred
    $0 + $19,249 related
    Nontaxable benefits
    $0 + $26,629 related
    Filer's total
    $0 + $351,972 related

  • JOHN D GOODENOW

    BOARD MEMBER/CHIEF PHILANTHROPY OFFICER

    Total calculated
    $234,284
    From this org
    $0
    From related orgs
    $189,807
    Other
    $44,477
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $144,929 related
    Bonus
    $0 + $18,602 related
    Other
    $0 + $26,276 related
    Deferred
    $0 + $17,811 related
    Nontaxable benefits
    $0 + $26,666 related
    Filer's total
    $0 + $234,284 related

  • PIERRE TIBI MD

    EX-OFFICIO BOARD MEMBER/VICE CHAIR

    Total calculated
    $51,250
    From this org
    $0
    From related orgs
    $51,250
    Other
    $0
    Hours/week
    5 + 15 related

  • PAUL BRAITHWAITE DO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • CHAD BURGE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • LEIGH ANN FRANKEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • LUCY LEYVA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • MARY MALLORY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • KEVIN MIZELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • KARI REILY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • KEVIN SCHLEETER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • KEVIN KEIGHRON

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • BILL SONSIN

    SECRETARY AND TREASURER

    Total calculated
    $0
    Hours/week
    5

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

  • 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)

PART I, LINE 3
THE ORGANIZATION RELIED ON A RELATED ORGANIZATION, COMMONSPIRIT, THAT USED ONE OR MORE OF THE METHODS DESCRIBED IN SCHEDULE J, PART I, LINE 3, TO ESTABLISH THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL'S COMPENSATION: (1) HUMAN RESOURCES AND COMPENSATION COMMITTEE OF THE COMMONSPIRIT BOARD OF STEWARDSHIP TRUSTEES ("BOARD"); (2) INDEPENDENT COMPENSATION CONSULTANT; (3) COMPENSATION SURVEY OR STUDY; AND (4) APPROVAL BY THE BOARD OR HUMAN RESOURCES AND COMPENSATION COMMITTEE. SEE SCHEDULE O DISCLOSURE FOR FORM 990, PART VI, SECTION B, LINE 15A FOR ADDITIONAL INFORMATION. PART I, LINE 4A CERTAIN LISTED PERSONS ARE COVERED BY AN EXECUTIVE SEVERANCE POLICY THAT PROVIDES MARKET-STANDARD COMPENSATION, RANGING FROM PAYMENTS OF 9 TO 24 MONTHS OF BASE COMPENSATION, DEPENDING ON THE EXECUTIVE'S POSITION, IN THE EVENT OF A POSITION ELIMINATION OR OTHER INVOLUNTARY TERMINATION, IN ACCORDANCE WITH THE GUIDELINES OF THE POLICY. NO PAYMENTS WERE MADE DURING 2023 PURSUANT TO THE PLAN ARRANGEMENT.
PART I, LINE 4B
NONQUALIFIED RETIREMENT PLAN: CERTAIN LISTED INDIVIDUALS PARTICIPATED IN OR RECEIVED PAYMENT FROM A YRMC NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN. PAYMENTS MADE PURSUANT TO THE PLAN ARRANGEMENT DURING 2023 INCLUDE A. TORRES, MD, $93,184 AND M. RICE, $41,151.
SCHEDULE J, PART II
THE ORGANIZATION DOES NOT DIRECTLY EMPLOY ANY PERSONNEL. THE ORGANIZATION FOLLOWS COMMONSPIRIT'S EXECUTIVE COMPENSATION PHILOSOPHY. COMMONSPIRIT'S EXECUTIVE COMPENSATION PHILOSOPHY IS DESIGNED TO ASSIST THE ORGANIZATION IN ATTRACTING AND RETAINING THE CALIBER OF EXECUTIVES REQUIRED TO ENABLE TO FULFILL ITS MISSION OF PROVIDING HIGH QUALITY HEALTHCARE FOR ALL PERSONS REGARDLESS OF THEIR ABILITY TO PAY FOR SERVICES, IMPROVING THE QUALITY OF LIFE IN THE COMMUNITIES IT SERVES, PROMOTING PATIENT AND EMPLOYEE SATISFACTION, AND ENSURING FINANCIAL STABILITY. A SUBSTANTIAL PORTION OF EXECUTIVE COMPENSATION IS PERFORMANCE BASED AND IS LINKED TO ORGANIZATIONAL GOALS APPROVED IN ADVANCE BY THE HUMAN RESOURCES AND COMPENSATION COMMITTEE. THESE GOALS INCLUDE ATTAINMENT OF ANNUAL AND LONG-TERM FINANCIAL PERFORMANCE, CERTAIN HEALTHCARE QUALITY STANDARDS AND THE ORGANIZATION'S COMMITMENT TO SERVING THE POOR AND DISENFRANCHISED IN THE COMMUNITIES IT SERVES. TOTAL COMPENSATION, WHICH INCLUDES BASE SALARY, ANNUAL AND LONG-TERM INCENTIVE COMPENSATION, IS ESTABLISHED TO APPROXIMATE THE PREVAILING MARKET CONDITIONS FOR EXECUTIVES OF COMPANIES OF SIMILAR SIZE, REVENUES AND COMPLEXITY. PAYMENTS PURSUANT TO A LONG-TERM FINANCIAL PERFORMANCE GOAL WERE PAID IN CALENDAR YEAR 2023.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202501329349304165

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