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Nonprofiteer
← ST LUKES METHODIST HOSPITAL

Form 990 for tax year 2024

Filed by ST LUKES METHODIST HOSPITAL.

Totals

Total revenue
$502,649,058
Total expenses
$501,990,946
Contributions and grants received
$16,209,256
Grants paid
$29,840,220
Program service revenue
$519,574,318
Investment income
$13,746,496
Other revenue
-$46,881,012
Total assets, end of year
$636,910,404
Total liabilities, end of year
$163,951,020
Net assets or fund balances, end of year
$472,959,384
Program services expenses (Part IX)
$475,478,638
Management and general expenses
$26,512,308
Fundraising expenses
$0
Program service expenses (Part III)
$475,478,638

Program services were 94.7% 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.

  • 1e · Government grants (contributions)

    $13,415,629

  • 1f · All other contributions, gifts and grants

    $2,793,627

  • 2a · Program service revenue: NET PATIENT REVENUE

    total $493,170,182 · related or exempt $493,170,182

  • 2b · Program service revenue: MGMT & SUPPORT SVCS

    total $10,261,438 · related or exempt $10,261,438

  • 2c · Program service revenue: LABORATORY SERVICES

    total $7,230,306 · related or exempt $6,491,321 · unrelated business $738,985

  • 2d · Program service revenue: SUBS & JOINT VENTURES

    total $5,087,796 · related or exempt $5,087,796

  • 2e · Program service revenue: RENTAL INCOME

    total $3,675,308 · related or exempt $3,675,308

  • 2f · All other program service revenue

    total $149,288 · related or exempt $149,288

  • 3 · Investment income

    total $6,125,549 · related or exempt $2,140 · excluded $6,123,409

  • 7a · Gross sales of assets other than inventory

    securities $58,568,599 · other assets $162,946

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

    securities $51,008,668 · other assets $101,930

  • 7c · Gain or loss

    securities $7,559,931 · other assets $61,016

  • 7d · Net gain or loss

    total $7,620,947 · excluded $7,620,947

  • 10a · Gross sales of inventory

    $647,530

  • 10b · Cost of goods sold

    $397,833

  • 10c · Net income from sales of inventory

    total $249,697 · excluded $249,697

  • 11a · Other revenue: MISCELLANEOUS

    total $1,087,265 · related or exempt $953,694 · unrelated business $133,571

  • 11b · Other revenue: SHARED SAVINGS REVENUE

    total $444,547 · related or exempt $444,547

  • 11c · Other revenue: CAFETERIA/FOOD SVCS

    total $31,086 · excluded $31,086

  • 11d · All other revenue

    total -$48,693,607 · related or exempt -$48,693,607

  • 11e · Other revenue, total

    -$47,130,709

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $29,804,448 · program services $29,804,448

  • 2 · Grants to domestic individuals

    total $35,772 · program services $35,772

  • 5 · Compensation of officers, directors and key employees

    total $1,517,748 · management and general $1,517,748

  • 6 · Compensation of disqualified persons

    total $172,367 · management and general $172,367

  • 7 · Other salaries and wages

    total $193,228,004 · program services $177,650,338 · management and general $15,577,666

  • 8 · Pension plan contributions

    total $6,704,663 · program services $6,164,146 · management and general $540,517

  • 9 · Other employee benefits

    total $24,177,329 · program services $22,228,200 · management and general $1,949,129

  • 10 · Payroll taxes

    total $11,642,142 · program services $10,703,575 · management and general $938,567

  • 11a · Fees: management

    total $46,640,307 · program services $46,640,307

  • 11b · Fees: legal

    total $291,756 · program services $80,948 · management and general $210,808

  • 11f · Fees: investment management

    total $1,377,090 · program services $556,873 · management and general $820,217

  • 11g · Fees: other

    total $48,906,276 · program services $47,069,097 · management and general $1,837,179

  • 12 · Advertising and promotion

    total $682,145 · program services $74,261 · management and general $607,884

  • 13 · Office expenses

    total $1,783,309 · program services $1,095,400 · management and general $687,909

  • 14 · Information technology

    total $1,182,078 · program services $1,182,078

  • 16 · Occupancy

    total $16,046,861 · program services $15,689,745 · management and general $357,116

  • 17 · Travel

    total $736,241 · program services $663,087 · management and general $73,154

  • 19 · Conferences, conventions and meetings

    total $464,509 · program services $260,754 · management and general $203,755

  • 20 · Interest

    total $2,571,847 · program services $2,571,847

  • 22 · Depreciation, depletion and amortization

    total $15,151,553 · program services $14,345,942 · management and general $805,611

  • 23 · Insurance

    total $992,410 · program services $992,410

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $97,539,035 · program services $97,449,491 · management and general $89,544

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $345,224 · program services $222,087 · management and general $123,137

  • 24c · Other expenses: INCOME TAXES

    total $9,113 · program services $9,113

  • 24d · Other expenses: BAD DEBT EXPENSE

    total -$11,281 · program services -$11,281

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,200,221 · end of year $9,430,776

  • 2 · Savings and temporary cash investments

    beginning of year $68,998 · end of year $5,169,311

  • 4 · Accounts receivable

    beginning of year $55,406,869 · end of year $62,252,373

  • 7 · Other notes and loans receivable

    beginning of year $52,714,956 · end of year $38,997,498

  • 8 · Inventories for sale or use

    beginning of year $10,303,827 · end of year $10,747,143

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,187,065 · end of year $2,258,635

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

    $441,855,191

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

    $278,051,994

  • 10c · Land, buildings and equipment, net

    beginning of year $153,025,772 · end of year $163,803,197

  • 11 · Investments: publicly traded securities

    beginning of year $237,146,685 · end of year $262,903,459

  • 13 · Investments: program-related

    beginning of year $56,316,785 · end of year $58,141,038

  • 15 · Other assets

    beginning of year $13,395,691 · end of year $23,206,974

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,513,671 · end of year $33,506,520

  • 19 · Deferred revenue

    beginning of year $344,074 · end of year $305,034

  • 24 · Unsecured notes and loans payable

    beginning of year $380,726 · end of year $564,581

  • 25 · Other liabilities

    beginning of year $143,984,034 · end of year $129,574,885

  • 27 · Net assets without donor restrictions

    beginning of year $359,603,862 · end of year $422,295,569

  • 28 · Net assets with donor restrictions

    beginning of year $47,940,502 · end of year $50,663,815

Mission and programs · 2024

Mission

THE MISSION OF ST. LUKE'S METHODIST HOSPITAL IS TO GIVE THE HEALTHCARE WE'D LIKE OUR LOVED ONES TO RECEIVE. OUR STRATEGIC FRAMEWORK IS BUILT UPON THESE PILLARS: 1. DEMONSTRABLY BETTER QUALITY IN OUR PATIENT CARE. WE STRIVE TO PROVIDE THE BEST POSSIBLE HEALTHCARE SERVICE TO OUR PATIENTS AND THEIR FAMILIES. OUR SERVICES ARE ACCESSIBLE TO ALL PERSONS REGARDLESS OF RACE, RELIGION, GENDER OR ABILITY TO PAY.2. ST. LUKE'S IS COMMITTED TO BEING THE WORKSHOP OF CHOICE FOR PHYSICIANS WHO PRACTICE IN OUR HOSPITAL.3. ST. LUKE'S IS COMMITTED TO PARTNERING WITH ALL PERSONNEL, WHO TOGETHER MAKE UP THE BOARD OF DIRECTORS, MEDICAL STAFF, VOLUNTEERS, EMPLOYEES AND STUDENTS WHICH RESULTS IN PERSONAL SATISFACTION, RECOGNITION, ACHIEVEMENT AND COMMITMENT.4. ST. LUKE'S IS COMMITTED TO STRENGTHENING OUR CORE SERVICES TO RENDER THE HIGHEST QUALITY OF HEALTHCARE.5. ST. LUKE'S IS COMMITTED TO BEING A REGIONAL RESOURCE FOR EASTERN IOWANS.

Activities or mission (Part I)

TO GIVE THE HEALTHCARE WE'D LIKE OUR LOVED ONES TO RECEIVE.

  • HEALTH CARE SERVICES:ST. LUKE'S METHODIST HOSPITAL IS AN IMPORTANT ELEMENT OF THE HEALTH-CARE DELIVERY SYSTEM THAT THE CEDAR RAPIDS COMMUNITIES RELY ON EVERY DAY. IT IS COMMITTED TO PROVIDING QUALITY HEALTH CARE, AND TO USING ITS RESOURCES TO THE GREATEST COMMUNITY BENEFIT.ST. LUKE'S METHODIST HOSPITAL PROVIDES INPATIENT AND OUTPATIENT MEDICAL SERVICES TO TREAT INDIVIDUALS WITH DISEASES, ILLNESS AND INJURIES WITH VARYING COMPLEXITIES. IT PROVIDES SERVICES TO IMPROVE THE HEALTH OF PATIENTS AND TO BETTER THEIR QUALITY OF LIFE. ALL SERVICES ARE PROVIDED REGARDLESS OF AN INDIVIDUAL'S RACE, CREED, SEX, NATIONALITY, HANDICAP, AGE OR ABILITY TO COMPENSATE FOR SERVICES RENDERED. THESE INCLUDE, BUT ARE NOT LIMITED TO, GENERAL ACUTE CARE, SURGERIES, HOME HEALTH, INTENSIVE CARE AND CRITICAL CARE, MENTAL HEALTH CARE, CARDIOLOGY, ONCOLOGY, REHABILITATION, SKILLED NURSING, BEHAVIORAL DISORDER PROGRAMS, MATERNAL/CHILD CARE, LABORATORY, PALLIATIVE CARE, PHARMACEUTICAL DRUGS, EMERGENCY SERVICES, OUTPATIENT CLINICS, CHECK-UPS AND RADIOLOGY. SOME OF THE SERVICES PROVIDED DO NOT GENERATE ENOUGH INCOME TO OFFSET THEIR COST. IN THE FISCAL PERIOD ENDED DECEMBER 31, 2024, ST. LUKE'S METHODIST HOSPITAL ADMITTED 14,055 PATIENTS RESULTING IN A TOTAL OF 68,920 PATIENT DAYS. OUTPATIENT VISITS TOTALED 200,562 AND TOTAL OUTPATIENT SURGERY REGISTRATIONS, INCLUDING THE DIGESTIVE HEALTH CENTER, FOR THE SAME PERIOD WERE 7,022. THERE WERE ALSO 51,936 EMERGENCY ROOM VISITS AND 2,313 BABIES DELIVERED.

    Expenses $441,327,901 · Grants $20,715,437 · Revenue $472,414,663

  • COMMUNITY BENEFIT, INCLUDING CHARITY CARECHARITY CARE AND MEANS-TESTED PROGRAMS: ST. LUKE'S METHODIST HOSPITAL PROVIDES CHARITY CARE AND OTHER MEANS-TESTED PROGRAMS WITH THE GOAL TO IMPROVE THE COMMUNITY'S OVERALL HEALTH AND ACCESS TO CARE. THIS INCLUDES HEALTH-CARE SERVICES REGARDLESS OF THE PATIENT'S INSURANCE COVERAGE OR FINANCIAL STATUS. CHARITY CARE AND PARTIAL TO FULL FINANCIAL ASSISTANCE IS PROVIDED TO PATIENTS ON A CASE-BY-CASE BASIS. CHARITY CARE WAS MADE AVAILABLE TO PEOPLE AT A VALUE OF $1,833,486 IN 2024. OFTENTIMES, ST. LUKE'S METHODIST HOSPITAL RECEIVES PAYMENTS FROM PAYORS OR PATIENTS THAT ARE LESS THAN IT CHARGES FOR SERVICES. ST. LUKE'S METHODIST HOSPITAL PARTICIPATES IN MEDICAID AND OTHER GOVERNMENT-SPONSORED HEALTH-CARE PROGRAMS. ST. LUKE'S METHODIST HOSPITAL'S NET COST OF PROVIDING CARE FOR WHICH IT RECEIVES PAYMENT BELOW ITS COST IS $0 FOR 2024. TOTAL CHARITY CARE AND MEANS-TESTED PROGRAMS REPORTED VALUE: $1,183,486.OTHER BENEFITS: ST. LUKE'S METHODIST HOSPITAL PROVIDES SEVERAL OTHER BENEFITS THAT ASSIST THE COMMUNITY. PROGRAMS MAY INCLUDE, BUT ARE NOT LIMITED TO, COMMUNITY HEALTH IMPROVEMENT SERVICES AND COMMUNITY BENEFIT OPERATIONS SUCH AS PREVENTION AND HEALTH SCREENINGS; HEALTH PROFESSIONAL'S EDUCATION; SUBSIDIZED HEALTH SERVICES, AND CASH AND IN-KIND CONTRIBUTIONS TO COMMUNITY GROUPS. ST. LUKE'S METHODIST HOSPITAL COLLABORATES WITH OTHER HOSPITALS, CHURCHES, SCHOOLS, CHAMBERS OF COMMERCE AND DAYCARE CENTERS TO IMPROVE COMMUNITY HEALTH AND EXPAND ACCESS TO HEALTH CARE. ST. LUKE'S METHODIST HOSPITAL HAS DEDICATED STAFF TO ASSIST COMMUNITY BENEFIT EFFORTS. TOTAL OTHER BENEFITS REPORTED VALUE: $ 32,317,251.

    Expenses $34,150,737 · Grants $9,124,783

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CHARLES BECKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ANNE CARTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • STEVEN CAVES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • GREGORY CHURCHILL

    BOARD MEMBER

    Total calculated
    $14,500
    From this org
    $0
    From related orgs
    $14,500
    Other
    $0
    Hours/week
    1 + 1 related

  • BRIAN GLOBOKAR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SALLY GRAY

    BOARD MEMBER

    Total calculated
    $50,000
    From this org
    $0
    From related orgs
    $50,000
    Other
    $0
    Hours/week
    1 + 1 related

  • CURTIS HEIDEMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DONALD JOHNSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KATHLEEN MINETTE

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOHN OSAKO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARY ANN OSBORN

    BOARD MEMBER

    Total calculated
    $43,389
    From this org
    $30,580
    From related orgs
    $0
    Other
    $12,809
    Hours/week
    40 + 1 related

  • ANNE PARMLEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • HEATHER ROBERTSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHRIS SKOGMAN

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • STEVEN WAHLE MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CASEY GREENE

    BOARD MEMBER AND MKT PRESIDENT

    Total calculated
    $508,950
    From this org
    $426,171
    From related orgs
    $0
    Other
    $82,779
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $378,846
    Bonus
    $43,619
    Other
    $3,706
    Deferred
    $55,706
    Nontaxable benefits
    $27,073
    Filer's total
    $508,950

  • LUCAS HICKS

    MARKET VP FINANCE

    Total calculated
    $301,061
    From this org
    $276,565
    From related orgs
    $0
    Other
    $24,496
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $253,530
    Bonus
    $21,149
    Other
    $1,886
    Deferred
    $13,954
    Nontaxable benefits
    $10,542
    Filer's total
    $301,061

  • DUSTIN ARNOLD

    MARKET CHIEF MEDICAL OFFICER

    Total calculated
    $494,446
    From this org
    $0
    From related orgs
    $476,769
    Other
    $17,677
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $431,744 related
    Bonus
    $0 + $39,698 related
    Other
    $0 + $5,327 related
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $427 related
    Filer's total
    $0 + $494,446 related

  • CARMEN KLEINSMITH

    MARKET CHIEF NURSING OFFICER

    Total calculated
    $386,171
    From this org
    $329,547
    From related orgs
    $0
    Other
    $56,624
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $286,766
    Bonus
    $31,670
    Other
    $11,111
    Deferred
    $32,244
    Nontaxable benefits
    $24,380
    Filer's total
    $386,171

  • MARK WILLIS

    MKT VP OPERATIONS

    Total calculated
    $218,452
    From this org
    $192,255
    From related orgs
    $0
    Other
    $26,197
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,021
    Bonus
    $6,367
    Other
    $13,867
    Deferred
    $9,809
    Nontaxable benefits
    $16,388
    Filer's total
    $218,452

  • JEFFREY MILLER

    PHYSICIAN ASSISTANT

    Total calculated
    $225,304
    From this org
    $187,981
    From related orgs
    $0
    Other
    $37,323
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,911
    Bonus
    $0
    Other
    $70
    Deferred
    $9,986
    Nontaxable benefits
    $27,337
    Filer's total
    $225,304

  • ERIC BRIESEMEISTER

    PRESIDENT - JRMC

    Total calculated
    $279,892
    From this org
    $232,727
    From related orgs
    $0
    Other
    $47,165
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $221,321
    Bonus
    $11,148
    Other
    $258
    Deferred
    $11,947
    Nontaxable benefits
    $35,218
    Filer's total
    $279,892

  • MARLEE HANSEN DDS MS

    DENTIST

    Total calculated
    $279,106
    From this org
    $248,384
    From related orgs
    $0
    Other
    $30,722
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,859
    Bonus
    $0
    Other
    $12,525
    Deferred
    $11,743
    Nontaxable benefits
    $18,979
    Filer's total
    $279,106

  • MARY KLINGER

    PRESIDENT-HCF

    Total calculated
    $241,543
    From this org
    $207,194
    From related orgs
    $0
    Other
    $34,349
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,688
    Bonus
    $9,334
    Other
    $10,172
    Deferred
    $10,125
    Nontaxable benefits
    $24,224
    Filer's total
    $241,543

  • JULIE STURBAUM

    DIRECTOR SURGICAL SERVICES

    Total calculated
    $229,913
    From this org
    $200,202
    From related orgs
    $0
    Other
    $29,711
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,051
    Bonus
    $8,830
    Other
    $33,321
    Deferred
    $9,226
    Nontaxable benefits
    $20,485
    Filer's total
    $229,913

  • MICHELLE NIERMANN TO 0823

    FORMER BOARD MEMBER & PRESIDENT/CEO

    Total calculated
    $942,883
    From this org
    $0
    From related orgs
    $799,714
    Other
    $143,169
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $629,784 related
    Bonus
    $0 + $138,313 related
    Other
    $0 + $31,617 related
    Deferred
    $0 + $112,246 related
    Nontaxable benefits
    $0 + $30,923 related
    Filer's total
    $0 + $942,883 related

  • MICHAEL HEINRICH TO 0323

    FORMER VP FINANCE/CFO

    Total calculated
    $1,054,804
    From this org
    $0
    From related orgs
    $941,690
    Other
    $113,114
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $559,102 related
    Bonus
    $0 + $77,630 related
    Other
    $0 + $304,958 related
    Deferred
    $0 + $100,904 related
    Nontaxable benefits
    $0 + $12,210 related
    Filer's total
    $0 + $1,054,804 related

  • JOSEPH LINN TO 0623

    VP HR & OPERATIONS

    Total calculated
    $128,685
    From this org
    $126,450
    From related orgs
    $0
    Other
    $2,235
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $126,450
    Deferred
    $0
    Nontaxable benefits
    $2,235
    Filer's total
    $128,685

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

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)

PART I, LINES 4A-B
SEVERANCE PAYMENTS: THE FOLLOWING INDIVIDUAL(S) RECEIVED SEVERANCE PAYMENTS DURING THE YEAR THAT WERE INCLUDED IN THEIR TAXABLE INCOME: JOSEPH LINN $126,450 AND JULIE STURBAUM $19,694. NONQUALIFIED RETIREMENT PLAN CONTRIBUTIONS: THE FOLLOWING INDIVIDUAL(S) PARTICIPATED IN AND RECEIVED CONTRIBUTIONS IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: CASEY GREENE $38,757; MICHAEL HEINRICH $83,654; AND MICHELLE NIERMANN $94,996. NONQUALIFIED RETIREMENT PLAN DISTRIBUTIONS: THE FOLLOWING INDIVIDUAL(S) PARTICIPATED IN AND RECEIVED PAYMENTS FROM A SUPPLEMENTAL NON-QUALIFIED PLAN: MICHAEL HEINRICH $288,863. PAYOUTS ARE MADE WITH VESTED FUNDS, AS ESTABLISHED BY PLAN DOCUMENTS.
SCHEDULE J, PART I, LINE 3 - ESTABLISHING COMPENSATION
THE EXECUTIVE COMMITTEE OF THE IOWA HEALTH SYSTEM BOARD OF DIRECTORS ("COMMITTEE") CONDUCTS A COMPREHENSIVE REVIEW OF ALL COMPENSATION AND BENEFITS PROVIDED TO THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES, INCLUDING THE IHS CHIEF EXECUTIVE OFFICER (THE "CEO"). THIS REVIEW COMPARES THE TOTAL COMPENSATION AND VALUE OF BENEFITS PROVIDED TO EACH EXECUTIVE, ON A POSITION BY POSITION BASIS, TO THAT PROVIDED TO FUNCTIONALLY SIMILAR POSITIONS IN SIMILARLY SITUATED ORGANIZATIONS. THIS REVIEW IS CONDUCTED BY THE COMMITTEE WITH THE ASSISTANCE OF A NATIONAL, INDEPENDENT COMPENSATION CONSULTANT REPORTING DIRECTLY TO THE COMMITTEE. THE COMMITTEE HAS BEEN DELEGATED THE RESPONSIBILITY FOR OVERSIGHT OF EXECUTIVE COMPENSATION AND IS MADE UP ENTIRELY OF INDEPENDENT DIRECTORS WITHIN THE MEANING OF THE "REBUTTABLE PRESUMPTION OF REASONABLENESS" UNDER THE FEDERAL INCOME TAX INTERMEDIATE SANCTIONS RULES. THE COMPENSATION CONSULTANT HOLDS ITSELF OUT TO THE PUBLIC AS A COMPENSATION CONSULTANT, PERFORMS THESE VALUATIONS ON A REGULAR BASIS, IS QUALIFIED TO MAKE THE VALUATIONS OF THE SERVICES INVOLVED, AND HAS SO INDICATED IN A WRITTEN CERTIFICATION TO THE COMMITTEE. BASED UPON THE ADVICE OF THE COMPENSATION CONSULTANT, AND APPLYING THE BOARD'S COMPENSATION PHILOSOPHY, THE COMMITTEE ESTABLISHES THE OVERALL ADJUSTMENT IN COMPENSATION AND BENEFITS FOR THE TOP EXECUTIVES IN THE ENTIRE HEALTH SYSTEM (SEVERAL OF WHICH ARE EMPLOYEES OF THE FILING ORGANIZATION) AND DELEGATES TO THE CEO THE AUTHORITY TO MAKE ADJUSTMENTS, CONSISTENT WITH THE COMMITTEE'S DIRECTION, FOR THE OTHER EXECUTIVES. THE COMMITTEE DETERMINES ALL ASPECTS OF THE COMPENSATION AND BENEFITS OF THE CEO. THE COMMITTEE INTENTIONALLY TAKES ALL THE STEPS NECESSARY TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE FEDERAL INCOME TAX LAW INTERMEDIATE SANCTIONS RULES, INCLUDING CONTEMPORANEOUS SUBSTANTIATION OF ALL COMMITTEE MEETINGS AND ACTIONS. THE ORGANIZATION BELIEVES IT IS IN FULL COMPLIANCE WITH SECTION 4958 OF THE IRC, PROVIDES NO MORE THAN REASONABLE AND FAIR MARKET VALUE COMPENSATION AND BENEFITS FOR ITS EMPLOYEES AND DOES NOT PROVIDE ANY EXCESS COMPENSATION OR BENEFITS AS PROHIBITED BY SECTION 4958.

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
2024
Filed
15 May 2025
IRS schema version
2024v5.2
Source object
202533189349308023

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