Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $16,573

• 1c · Fundraising events

  $2,315,881

• 1d · Related organizations

  $3,637,167

• 1e · Government grants (contributions)

  $1,774,335

• 1f · All other contributions, gifts and grants

  $11,712,589

• 1g · Noncash contributions included above

  $1,041,922

• 3 · Investment income

  total $1,395,942 · excluded $1,395,942

• 7a · Gross sales of assets other than inventory

  securities $985,822

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

  securities $1,041,922

• 7c · Gain or loss

  securities -$56,100

• 7d · Net gain or loss

  total -$56,100 · excluded -$56,100

• 8a · Fundraising events: gross income

  $2,111,738

• 8a · Fundraising events: contributions included on line 1c

  $2,315,881

• 8b · Fundraising events: direct expenses

  $669,782

• 8c · Net income from fundraising events

  total $1,441,956 · excluded $1,441,956

• 9a · Gaming: gross income

  $19,400

• 9b · Gaming: direct expenses

  $7,690

• 9c · Net income from gaming

  total $11,710 · excluded $11,710

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $12,002,645 · program services $12,002,645

• 7 · Other salaries and wages

  total $577,267 · fundraising $577,267

• 9 · Other employee benefits

  total $96,306 · fundraising $96,306

• 10 · Payroll taxes

  total $37,959 · fundraising $37,959

• 11g · Fees: other

  total $19,990 · fundraising $19,990

• 12 · Advertising and promotion

  total $38,368 · fundraising $38,368

• 13 · Office expenses

  total $16,134 · fundraising $16,134

• 17 · Travel

  total $8,035 · fundraising $8,035

• 24a · Other expenses: CORPORATE ALLOCATION

  total $2,669,423 · management and general $2,669,423 · fundraising $0

• 24b · Other expenses: FOOD AND ENTERTAINMENT

  total $4,612 · management and general $0 · fundraising $4,612

• 24c · Other expenses: LICENSES

  total $353 · fundraising $353

• 24d · Other expenses: DUES, PERIODICALS

  total $210 · fundraising $210

Balance sheet

Part X, book values.

• 15 · Other assets

  beginning of year $203,067,181 · end of year $191,833,143

• 17 · Accounts payable and accrued expenses

  beginning of year $28,233,862 · end of year $40,809,633

• 27 · Net assets without donor restrictions

  beginning of year $40,034,596 · end of year $18,629,720

• 28 · Net assets with donor restrictions

  beginning of year $134,798,723 · end of year $132,393,790

The filer's explanations (Part III)

PART I, LINES 4A-B

LINE 4A - IN 2022 THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS: JAMES MCMANUS- $684,460. LINE 4B - THE FOLLOWING REPORTED PEOPLE PARTICIPATED IN A 457(F) DEFERRED COMPENSATION PLAN AND RECEIVED A PAYOUT IN 2022: DORENE YOUNG - $91,083, JAMES MCMANUS - $292,896. IRC SECTION 457(F) PLANS ALLOW PARTICIPANTS TO CHOOSE FROM A NUMBER OF DIFFERENT TYPES OF BENEFITS WITH A DEFAULT SELECTION INTO A 457(F) PLAN. THE PLAN COVERS EMPLOYEES WHO ARE PRIMARILY A SELECT GROUP OF MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES. THIS TYPE OF ARRANGEMENT CONTAINS A RISK OF FORFEITURE AND SOME OF THE ACCOUNTS USE A NON-COMPETE CLAUSE. THE EXECUTIVE GROUP ACCOUNTS CONTAIN A ROLLING 5-YEAR CLIFF 50% VESTING SCHEDULE AND ONCE THAT IS BEING MET THE PARTICIPANT RECEIVES 50% OF THE ACCOUNT, WITH A 100% VESTING UPON AGE 62 OR 5 YEARS OF PRIOR EMPLOYMENT. FOR THE HIGHLY COMPENSATED GROUP (PLAN'S LEGACY PHYSICIAN PARTICIPANT GROUP) DISTRIBUTION OF BALANCES PAID REPRESENTED VESTED AMOUNT DURING THE YEAR. THE PAYMENTS WERE TAXED AND INCLUDED IN COLUMN B, (III). SCHEDULE J SUPPLEMENTAL INFORMATION PART II, COLUMN III: DEFERRED COMPENSATION AMOUNTS, SERP VESTED TAXABLE DISTRIBUTION, WAS PAID OUT TO WILLIAM ROBERTSON, CEO, IN THE AMOUNT OF $288,039. THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN HAS A VESTING SCHEDULE; THE VESTED BENEFIT WAS PAID OUT AS ORDINARY INCOME (REPORTED ON W-2) AS OF THE PARTICIPANT'S VESTING DATE MILESTONE. THE PAYMENT WAS TAXED AND INCLUDED IN COLUMN B,(III). PART II, COLUMN C: MULTICARE HEALTH SYSTEM DEFERRED $813,490 INTO THE EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN (SERP) FOR WILLIAM G. ROBERTSON, CEO, WHICH IS REFLECTED IN COLUMN C.

SCHEDULE J, PART I, LINE 3:

MARY BRIDGE CHILDREN'S FOUNDATION RELIED ON A RELATED ORGANIZATION, MULTICARE HEALTH SYSTEM, TO ESTABLISH THE COMPENSATION FOR THE ORGANIZATION'S CEO. SEE SCHEDULE O, PART VI, LINE 15 NARRATIVE FOR PROCESS USED BY MULTICARE HEALTH SYSTEM.

SCHEDULE J, PART I & II, SUPPLEMENTAL:

THE REPORTABLE COMPENSATION FOR THE OFFICERS OF THE CORPORATION AND KEY EMPLOYEES IS BASED ON THE TOTAL AMOUNT PAID DURING THE YEAR FOR MANAGEMENT AND LEADERSHIP OF MULTICARE HEALTH SYSTEM AND ITS SUBSIDIARIES. THE AMOUNTS UNDER OTHER COMPENSATION, REPORTED ON SCHEDULE J, COLUMN C, INCLUDE DEFERRED COMPENSATION, AND THE VALUE OF MEDICAL, DENTAL, LIFE, DISABILITY INSURANCE, AND PENSION BENEFITS. COMPENSATION ON THIS TAX RETURN INCLUDES AMOUNTS THAT ARE NOT VESTED, ARE SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE AND MAY NOT BE PAID OUT IN THE FUTURE. THE PROCESS FOR DETERMINING EXECUTIVE COMPENSATION AT MULTICARE HEALTH SYSTEM (I) COMPLIES WITH THE IRS FORM 990 INSTRUCTIONS; (II) IS DETERMINED BY A SEPARATE COMMITTEE OF THE BOARD OF DIRECTORS WHOSE MEMBERS ARE ALL INDEPENDENT, DO NOT HAVE A CONFLICT OF INTEREST, AND ARE NON-PAID; AND (III) IS ANNUALLY EVALUATED IN THE CONTEXT OF COMPENSATION DATA GATHERED BY INDEPENDENT EXTERNAL CONSULTANTS FROM A PEER GROUP COMPRISED OF SIMILAR HIGH PERFORMING HEALTHCARE INSTITUTIONS, PRIMARILY INTEGRATED HEALTHCARE ORGANIZATIONS. COMPENSATION PAID IS DETERMINED TO BE REASONABLE AND NECESSARY BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS AND THE INDEPENDENT EXTERNAL CONSULTANT. IN ADDITION, A SIGNIFICANT PORTION OF COMPENSATION IS AT RISK AND BASED ON ACHIEVEMENT OF GOALS SET BY THE BOARD OF DIRECTORS AT THE START OF EACH YEAR IN AREAS SUCH AS PATIENT SAFETY, QUALITY, WORKFORCE DEVELOPMENT, FINANCE AND OTHER MISSION-RELATED AREAS. THE BOARD PLACES A HIGH PRIORITY ON THE NEED TO RECRUIT AND RETAIN A STRONG LEADERSHIP TEAM AND TO CREATE A HIGHLY MOTIVATED AND ENGAGED WORKFORCE TO DRIVE SUPERIOR ORGANIZATIONAL PERFORMANCE IN ORDER TO ACHIEVE TOP TIER INTEGRATED CARE DELIVERY SYSTEM STATUS. THE COMPENSATION COMMITTEE ROUTINELY REVIEWS BENEFITS AND RETIREMENT PROGRAMS TO ENSURE THE PLANS ARE MARKET-BASED AND OTHERWISE CONSISTENT WITH IRS GUIDELINES. THE OFFICERS OF MULTICARE HEALTH SYSTEM, 91-1352172, ALSO FULFILL OFFICER AND EXECUTIVE FUNCTIONS FOR ITS RELATED ENTITIES. COMPENSATION DISCLOSED IS REPORTED TO THE RELATED ENTITIES TAX RETURNS IN ACCORDANCE WITH IRS REGULATIONS, BUT IS NOT CHARGED TO THE SUBSIDIARY OR AFFILIATE. AN OFFICER LISTED DEVOTES AN AVERAGE OF 60 HOURS PER WEEK TO PERFORM HIS OR HER RESPONSIBILITIES.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• OLYMPIC SPORTS & SPINE PLLC

  N/A · HEALTHCARE SERVICES · WA

• AUBURN IMAGING PARTNERS

  N/A · HEALTHCARE · WA

• VP SURGERY OF AUBURN

  N/A · HEALTHCARE · WA

• REDICLINIC OF WA LLC

  N/A · HEALTHCARE · TX

• INDIGO IDAHO SERVICES LLC

  N/A · HEALTHCARE SERVICES · ID

• PHYSICIANS OF SW WA LLC

  N/A · HEALTHCARE SERVICES · WA

Related corporations and trusts

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

• MEDIS CORPORATION

  C · BLDG RENTAL & CONSULTING · WA

• COMMENCEMENT RE

  C · MALPRACTICE INSURANCE · CJ