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Nonprofiteer
← PRIME CARE INC

Form 990 for tax year 2023

Filed by PRIME CARE INC.

Totals

Total revenue
$188,020
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$187,397
Investment income
$623
Other revenue
$0
Total assets, end of year
$2,630,458
Total liabilities, end of year
$925,328
Net assets or fund balances, end of year
$1,705,130
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

  • 2a · Program service revenue: Sparta Cancer Ctr, LLC

    total $187,397 · related or exempt $187,397

  • 3 · Investment income

    total $623 · excluded $623

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $995,370 · end of year $1,295,992

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

    $1,091,223

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

    $125,569

  • 10c · Land, buildings and equipment, net

    beginning of year $965,654 · end of year $965,654

  • 12 · Investments: other securities

    beginning of year $481,414 · end of year $168,812

  • 15 · Other assets

    beginning of year $0 · end of year $200,000

  • 23 · Secured mortgages and notes payable

    beginning of year $925,328 · end of year $925,328

  • 27 · Net assets without donor restrictions

    beginning of year $1,517,110 · end of year $1,705,130

Mission and programs · 2023

Mission

Prime Care, Inc. was organized to provide Home Health and Other Health Care Services to residents of Sussex County, New Jersey and surrounding communities. It was transferred to AHS Hospital Corp. effective January 1, 2012.

Activities or mission (Part I)

Provide home health and other health care services to the surrounding communities.

  • Prime Care, Inc. is a not for profit organization that operated a Medicare certified home health agency and provided various wellness, health education, and other health promotion services. The home health agency was transferred to the AHS Hospital Corp. effective January 1, 2012. A minority investment in the Sparta Cancer Center is the only current activity of Prime Care, Inc.

    Revenue $187,397

As filed on the 2023 return.

Listed in Part VII

  • Kevin Lenahan

    President & Treasurer

    Total calculated
    $7,161,469
    From this org
    $0
    From related orgs
    $6,754,515
    Other
    $406,954
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,347,725 related
    Bonus
    $0 + $992,992 related
    Other
    $0 + $4,413,798 related
    Deferred
    $0 + $393,574 related
    Nontaxable benefits
    $0 + $13,380 related
    Filer's total
    $0 + $7,161,469 related

  • Sheilah O'Halloran

    Secretary

    Total calculated
    $1,889,266
    From this org
    $0
    From related orgs
    $1,616,347
    Other
    $272,919
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $839,197 related
    Bonus
    $0 + $593,867 related
    Other
    $0 + $183,283 related
    Deferred
    $0 + $259,539 related
    Nontaxable benefits
    $0 + $13,380 related
    Filer's total
    $0 + $1,889,266 related

  • Robert Peake

    Director

    Total calculated
    $969,675
    From this org
    $0
    From related orgs
    $840,848
    Other
    $128,827
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $513,147 related
    Bonus
    $0 + $250,400 related
    Other
    $0 + $77,301 related
    Deferred
    $0 + $115,447 related
    Nontaxable benefits
    $0 + $13,380 related
    Filer's total
    $0 + $969,675 related

  • Robert Adams

    Director

    Total calculated
    $1,235,422
    From this org
    $0
    From related orgs
    $1,088,433
    Other
    $146,989
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $575,002 related
    Bonus
    $0 + $353,445 related
    Other
    $0 + $159,986 related
    Deferred
    $0 + $129,108 related
    Nontaxable benefits
    $0 + $17,881 related
    Filer's total
    $0 + $1,235,422 related

  • David Ferguson

    Exec Director, Finance Ops

    Total calculated
    $385,420
    From this org
    $0
    From related orgs
    $351,340
    Other
    $34,080
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $297,180 related
    Bonus
    $0 + $52,691 related
    Other
    $0 + $1,469 related
    Deferred
    $0 + $20,538 related
    Nontaxable benefits
    $0 + $13,542 related
    Filer's total
    $0 + $385,420 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

  • 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 4b
2023 Mid Career Hire Plan The organization provides a supplemental non-qualified retirement plan (457f plan) known as the Mid-Career Hire Plan (MCHP) for certian officers and key employees. During 2023, the following officer/key employee received vested distributions in this non-qualified retirement plan. Such distributions were included in Box 1, Box 5 and Box 16 of their respective Form W-2: Kevin Lenahan $4,372,618 The Mid Career Hire Plan was terminated effective January 1, 2023. Any existing participants were transferred at that time into the Supplmental Exectiuve Retirement Plan (SERP) as outlined below. 2023 Supplemental Executive Retirement Plan (SERP) Earned Credits Atlantic Health implemented a non-qualified Supplemental Executive Retirement Plan (SERP) paid entirely by Atlantic Health System. The SERP is provided to individuals that hold an executive position with Atlantic Health System. The SERP is in addition to benefits provided under the Atlantic Health System 403(b) and the Cash Balance plan if hired prior to December 15, 2013. During 2023, the following Trustees received SERP credits: Sheilah O'Halloran $223,239 Robert Peake 79,147 Kevin Lenahan 357,274 Robert Adams 113,790 The above amounts represent earned credits which have not vested and were not included in their respective 2023 W-2 compensation. However, the earned credits were included as Other Compensation in Column (F) of Part VII and in Schedule J, Column (C) of the 2023 IRS 990 tax return per IRS guidance. Once the officer meets the applicable vesting criteria of the plan, the SERP credits will be included as taxable compensation in their respective Form W-2 of that year. 2023 Supplemental Executive Retirement Plan (SERP)Taxable Distributions The following Trustee received a taxable SERP distribution during 2023 based on the vesting criteria of the plan document. This taxable SERP distribution was included in the respective 2023 W-2 and is reported in Other Reportable Compensation in Schedule J (Sch J, (B)(ii) of this IRS 990: Sheilah O'Halloran $148,702 Robert Peake 72,406 Robert Adams 153,967

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.

  • Morristown Medical Investors

    N/A · Real Estate · NJ

  • Primary Care Partners LLC

    N/A · Physician Services · NJ

  • Atlantic Health Partners LLC

    N/A · Physician Services · NJ

  • Atlantic Rehabilitation Institute

    N/A · Rehabilitation Facility · NJ

Related corporations and trusts

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

  • Nutley Medical Care PA

    Physician Practice · NJ

  • Non-Invasive Diagnostics PA

    Physician Practice · NJ

  • Specialty Care Of Practice Associates

    Physician Practice · NJ

  • Maternal Fetal Medicine of Practice Associates PA

    Physician Practice · NJ

  • Madison Pediatrics PA

    Physician Practice · NJ

  • Atlantic Health Management Corporation and Subsidiaries

    Healthcare related services and support · NJ

  • AHS ACO LLC

    Physician Practice · NJ

    Directly controlled by AHS Investment Corp

  • The Northwest New Jersey MedicalSurgical Alliance PC

    Healthcare Services · NJ

    Directly controlled by AHS Investment Corp

  • The Northwest New Jersey Urgent Care Alliance PC

    Healthcare Services · NJ

    Directly controlled by AHS Investment Corp

  • AHS Insurance Company LTD

    Insurance · NJ

  • Chilton Community Care Inc and Subs

    Healthcare · NJ

  • Atlantic Advanced Urgent Care LLC

    Healthcare · NJ

  • Care Better ACO LLC

    Physician Practice · NJ

  • Atlantic Executive Health PA

    Physician Practice · NJ

  • AHS Health Network LLC

    Physician Practice · NJ

  • Atlantic Health ACO LLC

    Physician Practice · NJ

  • Tertiary Care Specialists of Practice Associates PA

    Physician Practice · NJ

  • Visiting Nurse Assoc of Somerset Hills Office Park Condominium

    Home health service · NJ

  • Ancillary Specialists of Practice Assoc PA

    C · Physician Practice · NJ

  • Functional Medicine of Practice Asscoiates

    C · Physician Practice · NJ

  • Atlantic Urgent Care LLC

    C · Healthcare Services · NJ

  • CentraState Healthcare Services Inc

    C · Health Services · NJ

    Directly controlled by Atlantic Health System Inc

  • CentraState Medical Associates PC

    C · Health Services · NJ

    Directly controlled by Atlantic Health System Inc

  • CentraState Specialists PC

    C · Health Services · NJ

    Directly controlled by Atlantic Health System Inc

  • CentraState Captive Insurance Co LTD

    Health Services · CJ

    Directly controlled by Atlantic Health System Inc

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202423189349309377

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