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Nonprofiteer
← PRAIRIE CARDIOVASCULAR CONSULTANTS LTD

Form 990 for tax year 2023

Filed by PRAIRIE CARDIOVASCULAR CONSULTANTS LTD.

Totals

Total revenue
$72,758,276
Total expenses
$111,691,362
Contributions and grants received
$11,132
Grants paid
$11,140
Program service revenue
$72,277,432
Investment income
$469,712
Other revenue
$0
Total assets, end of year
$26,676,291
Total liabilities, end of year
$11,129,483
Net assets or fund balances, end of year
$15,546,808
Program services expenses (Part IX)
$107,396,406
Management and general expenses
$4,294,956
Fundraising expenses
$0
Program service expenses (Part III)
$107,396,406

Program services were 96.2% 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

    $11,132

  • 2a · Program service revenue: NET PATIENT SERVICE REVENUE

    total $39,452,539 · related or exempt $39,452,539

  • 2b · Program service revenue: Hospital Support Services

    total $32,824,893 · related or exempt $32,824,893

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $221,348 · excluded $221,348

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $248,364

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

    other assets $0

  • 7c · Gain or loss

    securities $248,364 · other assets $0

  • 7d · Net gain or loss

    total $248,364 · excluded $248,364

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $11,140 · program services $11,140

  • 5 · Compensation of officers, directors and key employees

    total $839,802 · program services $830,359 · management and general $9,443

  • 7 · Other salaries and wages

    total $68,745,825 · program services $67,972,824 · management and general $773,001

  • 8 · Pension plan contributions

    total $2,616,274 · program services $2,606,435 · management and general $9,839

  • 9 · Other employee benefits

    total $5,412,146 · program services $5,376,916 · management and general $35,230

  • 10 · Payroll taxes

    total $2,860,572 · program services $2,842,836 · management and general $17,736

  • 11g · Fees: other

    total $2,787,413 · program services $2,737,043 · management and general $50,370 · fundraising $0

  • 13 · Office expenses

    total $714,412 · program services $352,664 · management and general $361,748

  • 14 · Information technology

    total $28,638 · program services $11,474 · management and general $17,164

  • 16 · Occupancy

    total $3,541,427 · program services $3,541,427

  • 17 · Travel

    total $197,093 · program services $190,196 · management and general $6,897

  • 19 · Conferences, conventions and meetings

    total $181,831 · program services $181,690 · management and general $141

  • 22 · Depreciation, depletion and amortization

    total $313,508 · program services $313,508

  • 23 · Insurance

    total $3,135,469 · program services $3,135,469

  • 24a · Other expenses: Purchased Services

    total $13,199,531 · program services $10,482,752 · management and general $2,716,779

  • 24b · Other expenses: OTHER

    total $6,603,452 · program services $6,560,355 · management and general $43,097

  • 24c · Other expenses: Supplies

    total $248,727 · program services $228,220 · management and general $20,507

  • 24d · Other expenses: Equipment Rental

    total $244,714 · program services $11,710 · management and general $233,004

  • 24e · All other expenses

    total $9,388 · program services $9,388 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $269,406 · end of year $139,734

  • 2 · Savings and temporary cash investments

    beginning of year $21,268,480 · end of year $16,726,622

  • 4 · Accounts receivable

    beginning of year $7,002,036 · end of year $6,491,579

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $14,616 · end of year $1,949

  • 9 · Prepaid expenses and deferred charges

    beginning of year $321,272 · end of year $302,038

  • 10a · Land, buildings and equipment: cost or other basis

    $2,250,440

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,407,802

  • 10c · Land, buildings and equipment, net

    beginning of year $1,059,121 · end of year $842,638

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $206,475 · end of year $142,992

  • 15 · Other assets

    beginning of year $2,551,054 · end of year $2,028,739

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,991,020 · end of year $10,232,484

  • 19 · Deferred revenue

    beginning of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year -$4,203,761 · end of year $896,999

  • 27 · Net assets without donor restrictions

    beginning of year $21,905,201 · end of year $15,546,808

Mission and programs · 2023

Mission

TO OPTIMALLY SERVE OUR PATIENTS AND THEIR PHYSICIANS IN THE PREVENTION AND TREATMENT OF CARDIOVASCULAR DISEASE WITH: COMPASSION AND DIGNITY, ASSURANCE OF QUALITY, RESEARCH, AND EDUCATION.

  • SEE SCHEDULE O

    Expenses $107,396,406 · Grants $11,140 · Revenue $72,277,432

As filed on the 2023 return.

Listed in Part VII

  • Alejandro Alvarado MD

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Chris Skorcz

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • David Oligschlaeger DO

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Frank Aguirre MD

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jerry Gaffner

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Kevin Lewis MD

    Board Member / HSHS SVP & Chief Physician Executive

    Total calculated
    $457,702
    From this org
    $0
    From related orgs
    $418,068
    Other
    $39,634
    Hours/week
    2 + 58 related

    Schedule J breakdown matched by us

    Base
    $0 + $243,519 related
    Bonus
    $0 + $80,000 related
    Other
    $0 + $94,549 related
    Deferred
    $0 + $29,423 related
    Nontaxable benefits
    $0 + $10,211 related
    Filer's total
    $0 + $457,702 related

  • Kristen Allen

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Larry Hardy

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Lori Kerans

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Lynn Scott

    Board Member (Until 10/31/23)

    Total calculated
    $0
    Hours/week
    1

  • Pavan Gupta MD

    Board Member / PCC Physician

    Total calculated
    $839,802
    From this org
    $833,616
    From related orgs
    $0
    Other
    $6,186
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $751,308
    Bonus
    $80,999
    Other
    $1,309
    Deferred
    $0
    Nontaxable benefits
    $6,186
    Filer's total
    $839,802

  • Peter Kung

    Board Member (Until 10/31/23) / HSHS SVP-Chief Strategy Officer

    Total calculated
    $630,368
    From this org
    $0
    From related orgs
    $513,219
    Other
    $117,149
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $420,501 related
    Bonus
    $0 + $86,203 related
    Other
    $0 + $6,515 related
    Deferred
    $0 + $87,039 related
    Nontaxable benefits
    $0 + $30,110 related
    Filer's total
    $0 + $630,368 related

  • Rachel Broughton

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Michael Scialdone

    Treasurer / HSHS SVP & CFO (began 01/08/24)

    Total calculated
    $0
    Hours/week
    0.3 + 59.7 related

  • Paige Toth

    Secretary (began 11/1/23)

    Total calculated
    $372,277
    From this org
    $0
    From related orgs
    $306,108
    Other
    $66,169
    Hours/week
    4.3 + 55.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $283,016 related
    Bonus
    $0 + $23,092 related
    Other
    $0
    Deferred
    $0 + $33,609 related
    Nontaxable benefits
    $0 + $32,560 related
    Filer's total
    $0 + $372,277 related

  • Patricia Allen

    CFO - CARE DELIVERY

    Total calculated
    $773,133
    From this org
    $0
    From related orgs
    $649,506
    Other
    $123,627
    Hours/week
    3 + 57 related

    Schedule J breakdown matched by us

    Base
    $0 + $498,772 related
    Bonus
    $0 + $53,821 related
    Other
    $0 + $96,913 related
    Deferred
    $0 + $99,475 related
    Nontaxable benefits
    $0 + $24,152 related
    Filer's total
    $0 + $773,133 related

  • TODD Smart

    Treasurer (UNTIL 5/3/24)

    Total calculated
    $382,133
    From this org
    $0
    From related orgs
    $315,606
    Other
    $66,527
    Hours/week
    0.3 + 59.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $275,819 related
    Bonus
    $0 + $37,512 related
    Other
    $0 + $2,275 related
    Deferred
    $0 + $46,882 related
    Nontaxable benefits
    $0 + $19,645 related
    Filer's total
    $0 + $382,133 related

  • Brian David Miller

    Physician

    Total calculated
    $1,263,256
    From this org
    $1,240,425
    From related orgs
    $0
    Other
    $22,831
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,161,400
    Bonus
    $77,716
    Other
    $1,309
    Deferred
    $0
    Nontaxable benefits
    $22,831
    Filer's total
    $1,263,256

  • Jeffrey Goldstein MD

    Physician

    Total calculated
    $1,354,170
    From this org
    $1,304,716
    From related orgs
    $0
    Other
    $49,454
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,180,383
    Bonus
    $123,024
    Other
    $1,309
    Deferred
    $16,758
    Nontaxable benefits
    $32,696
    Filer's total
    $1,354,170

  • Paban Saha

    Physician

    Total calculated
    $1,347,741
    From this org
    $1,298,295
    From related orgs
    $0
    Other
    $49,446
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,189,307
    Bonus
    $107,654
    Other
    $1,334
    Deferred
    $19,800
    Nontaxable benefits
    $29,646
    Filer's total
    $1,347,741

  • Raed Al-Dallow MD

    Physician

    Total calculated
    $1,341,577
    From this org
    $1,330,961
    From related orgs
    $0
    Other
    $10,616
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,189,378
    Bonus
    $140,274
    Other
    $1,309
    Deferred
    -$4,657
    Nontaxable benefits
    $15,273
    Filer's total
    $1,341,577

  • Ziad Issa MD

    Physician

    Total calculated
    $1,491,569
    From this org
    $1,455,971
    From related orgs
    $0
    Other
    $35,598
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,337,750
    Bonus
    $116,912
    Other
    $1,309
    Deferred
    $5,952
    Nontaxable benefits
    $29,646
    Filer's total
    $1,491,569

  • Andrew Watson

    Former CFO (until 1/26/23)

    Total calculated
    $448,996
    From this org
    $473,026
    From related orgs
    $0
    Other
    -$24,030
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $24,082
    Bonus
    $0
    Other
    $448,944
    Deferred
    -$26,581
    Nontaxable benefits
    $2,551
    Filer's total
    $448,996

  • John Scherschel MD

    Former President / Physician (until 3/1/22)

    Total calculated
    $593,358
    From this org
    $593,358
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $593,358
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $593,358

  • Marc Shelton MD

    Former CHAIR (until 4/6/23) - HSHS Senior VP & CCO

    Total calculated
    $797,191
    From this org
    $0
    From related orgs
    $800,128
    Other
    -$2,937
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $228,750 related
    Bonus
    $0
    Other
    $0 + $571,378 related
    Deferred
    $0 + -$12,322 related
    Nontaxable benefits
    $0 + $9,385 related
    Filer's total
    $0 + $797,191 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
PLEASE SEE RESPONSE TO FORM 990, PART VI, LINE 15A IN SCHEDULE O.
Schedule J, Part I, Line 4a Severance or change-of-control payment
ORGANIZATION: Prairie Cardiovascular Consultants EIN: 37-1071858 INTERESTED PERSON: JOHN SCHERSCHEL AMOUNT: $572,586 TERMS: COMPENSATION PAID AS A RESULT OF A SEVERANCE FROM THE POSITION OF CFO. ORGANIZATION: Prairie Cardiovascular Consultants EIN: 37-1071858 INTERESTED PERSON: ANDREW WATSON AMOUNT: $278,994 TERMS: COMPENSATION PAID AS A RESULT OF A SEVERANCE FROM THE POSITION OF CFO.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
HSHS EXECUTIVES ELIGIBLE TO PARTICIPATE IN SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) ARE DEFINED IN THE SERP PLAN DOCUMENTS; THE SERP WAS ESTABLISHED TO PROVIDE ADDITIONAL RETIREMENT BENEFITS TO ENSURE REASONABLE MARKET COMPETITIVE BENEFITS IN ACCORDANCE WITH THE HSHS EXECUTIVE COMPENSATION PHILOSOPHY ESTABLISHED BY THE HSHS COMPENSATION COMMITTEE. THE PLAN PROVIDES A DEFINED RETIREMENT CONTRIBUTION TO PARTICIPANTS COMMENCING ON JANUARY 1, 2008, EQUAL TO A PERCENTAGE OF COMPENSATION AS DEFINED IN THE SERP PLAN DOCUENTS FOR THE PLAN YEAR. PARTICIPANTS CONSTRUCTIVELY RECEIVE A DISTRIBUTION FROM THE PLAN NO LATER THAN MARCH 15TH OF THE CALENDAR YEAR FOLLOWING THE CALENDAR YEAR IN WHICH AN AMOUNT IS VESTED and TAXABLE PURSUANT TO A VESTING SCHEDULE AS SPECIFIED IN THE PLAN DOCUMENT. THE ACTUAL DISTRIBUTION OF THE VESTED BENEFIT UNDER THE PLAN IS PAID IN A SINGLE LUMP SUM TO THE PARTICIPANT OR THE PARTICIPANT'S BENEFICIARY UPON THE EARLIER OF THE PARTICIPANT'S TERMINATION OF EMPLOYMENT, DEATH, OR TOTAL AND PERMANENT DISABILITY. THE FOLLOWING INTERESTED PERSONS CONSTRUCTIVELY RECEIVED DEFERRALS TO THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) IN 2023; THESE DEFERRALS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C). PETER KUNG -- $61,911 TODD SMART -- $25,441 KEVIN LEWIS -- $29,423 PATRICIA ALLEN -- $44,695 PAIGE TOTH -- $14,542 THE FOLLOWING INTERESTED PERSONS RECEIVED DISTRIBUTIONS FROM THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) IN 2023; THESE PAYMENTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III) AND SCHEDULE J, PART II, COLUMN (F), AS APPLICABLE. PATRICIA ALLEN -- $34,179 MARC SHELTON -- $571,378 ANDREW WATSON -- $144,565

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.

  • PRAIRIE HEART INSTITUTE MANAGEMENT COMPANY LLC

    Related · MEDICAL · IL · 100% owned · share of income $0 · share of assets $0 · general or managing partner

    Directly controlled by HSHS

Related corporations and trusts

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

  • KIARA INC

    C Corporation · HEALTHCARE · IL · 100% owned · share of income $953,484 · share of assets $19,065,022 · controlled entity

    Directly controlled by HSHS

  • LASANTE WISCONSIN INC

    C Corporation · HEALTHCARE · IL · controlled entity

    Directly controlled by KIARA INC

  • LASANTE INC

    C Corporation · HEALTHCARE · IL · controlled entity

    Directly controlled by KIARA INC

  • PREVEA HEALTH SERVICES INC

    C Corporation · HEALTHCARE · WI · 50% owned · share of income -$678,213 · share of assets $23,739,679 · controlled entity

    Directly controlled by HSSI

  • PREVEA CLINIC INC

    C Corporation · HEALTHCARE · WI · controlled entity

    Directly controlled by PHSI

  • RENAISSANCE QUALITY INSURANCE LTD

    C Corporation · INSURANCE · CJ · 100% owned · share of income $0 · share of assets $204,854,765 · controlled entity

    Directly controlled by HSSI

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2025
IRS schema version
2023v6.0
Source object
202521269349300122

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