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Nonprofiteer
← METHODIST HEALTHCARE-OLIVE BRANCH HOSPITAL

Form 990 for tax year 2023

Filed by METHODIST HEALTHCARE-OLIVE BRANCH HOSPITAL.

Totals

Total revenue
$106,100,300
Total expenses
$110,763,881
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$105,676,780
Investment income
-$2,367
Other revenue
$425,887
Total assets, end of year
$86,025,512
Total liabilities, end of year
$1,178,574
Net assets or fund balances, end of year
$84,846,938
Program services expenses (Part IX)
$102,887,890
Management and general expenses
$7,875,991
Fundraising expenses
$0
Program service expenses (Part III)
$102,887,890

Program services were 92.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • David Baytos

    PRESIDENT/CEO

    Total calculated
    $482,682
    From this org
    $0
    From related orgs
    $455,979
    Other
    $26,703
    Hours/week
    46 + 4 related

    Schedule J breakdown matched by us

    Base
    $0 + $359,471 related
    Bonus
    $0 + $11,636 related
    Other
    $0 + $84,872 related
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $16,803 related
    Filer's total
    $0 + $482,682 related

  • Merle Flowers

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Samuel P Rikard

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jamie Steen

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Lee Smart

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Michael Bellipanni

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Patt Dorr

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Rev Keith Mason

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Tim Donovan

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Annelise Jensen

    VP/CNO

    Total calculated
    $283,348
    From this org
    $250,652
    From related orgs
    $0
    Other
    $32,696
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,525
    Bonus
    $0
    Other
    $45,127
    Deferred
    $24,842
    Nontaxable benefits
    $7,854
    Filer's total
    $283,348

  • Kris Sanders

    TREASUER

    Total calculated
    $236,367
    From this org
    $201,436
    From related orgs
    $0
    Other
    $34,931
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,555
    Bonus
    $0
    Other
    $1,881
    Deferred
    $12,265
    Nontaxable benefits
    $22,666
    Filer's total
    $236,367

  • Allison Meredith

    PHARMACIST

    Total calculated
    $190,811
    From this org
    $155,594
    From related orgs
    $0
    Other
    $35,217
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,394
    Bonus
    $0
    Other
    $200
    Deferred
    $9,826
    Nontaxable benefits
    $25,391
    Filer's total
    $190,811

  • Jennifer Weaver

    PHARMACIST

    Total calculated
    $207,484
    From this org
    $171,485
    From related orgs
    $0
    Other
    $35,999
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,303
    Bonus
    $0
    Other
    -$1,818
    Deferred
    $10,846
    Nontaxable benefits
    $25,153
    Filer's total
    $207,484

  • Margaret Wallace

    PHARMACIST

    Total calculated
    $77,957
    From this org
    $71,649
    From related orgs
    $0
    Other
    $6,308
    Hours/week
    40

  • Musa Ceesay

    Clinical Pharmacist

    Total calculated
    $181,654
    From this org
    $163,135
    From related orgs
    $0
    Other
    $18,519
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,135
    Bonus
    $0
    Other
    $0
    Deferred
    $9,188
    Nontaxable benefits
    $9,331
    Filer's total
    $181,654

  • Regina Stevens

    Patient Care Coord/Fixed

    Total calculated
    $210,328
    From this org
    $185,716
    From related orgs
    $0
    Other
    $24,612
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,716
    Bonus
    $0
    Other
    $0
    Deferred
    $11,322
    Nontaxable benefits
    $13,290
    Filer's total
    $210,328

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)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE PURPOSE OF THE METHODIST LE BONHEUR HEALTHCARE CONSOLIDATED EXECUTIVE DEFERRED COMPENSATION PLAN IS TO PROVIDE RETIREMENT BENEFITS FOR CERTAIN EXECUTIVE LEVEL EMPLOYEES IN ADDITION TO THE BENEFITS PROVIDED THROUGH THE OTHER RETIREMENT PLANS THAT ARE SPONSORED BY THE COMPANY. IT IS INTENDED THAT THIS PLAN COMPLY WITH INTERNAL REVENUE CODE SECTION 457(F) AND QUALIFY FOR THE SHORT-TERM DEFERRAL EXCEPTION TO CODE SECTION 409A. UNDER THE PLAN, CORPORATE EXECUTIVES AT OR ABOVE THE VICE PRESIDENT LEVEL ARE ELIGIBLE TO RECEIVE EXECUTIVE DEFERRED COMPENSATION CREDITS DEPENDING ON THEIR POSITION CLASSIFICATION [6%, 8%, 10%, 12%, 15%, 25% OF BASE SALARY]. EACH PLAN YEAR, THE EXECUTIVE MUST ELECT A DEFERRED VESTING DATE TO BE APPLIED TO THE DEFERRED COMPENSATION CREDIT THAT WILL BE EARNED IN THAT PLAN YEAR. THE DEFERRED VESTING DATE IS SUBJECT TO A VESTING SCHEDULE THAT REQUIRES A MINIMUM DEFERRAL OF 5 YEARS TO BECOME VESTED. UPON REACHING AGE 55, THE MINIMUM DEFERRAL IS REDUCED TO 3 YRS. UPON REACHING AGE 60, THE MINIMUM DEFERRAL IS REDUCED TO 2 YRS. AT AGE 64, A CASH EQUIVALENT IS PROVIDED TO THE EXECUTIVE AND NO ADDITIONAL DEFERRALS ARE MADE UNDER THIS PLAN. RESTORATION BENEFIT PARTICIPANTS THAT WERE NEGATIVELY IMPACTED BY FREEZING THE RESTORATION PLAN WERE PROVIDED WITH AN ADDITIONAL ANNUAL EDCP CONTRIBUTION UNTIL AGE 65 DESIGNED TO KEEP THEM WHOLE. THE PLAN IS UNFUNDED WITH ALL BENEFITS PAID FROM THE COMPANY'S GENERAL ASSETS. HOWEVER, THE EXECUTIVE IS ALLOWED TO DIRECT THE INVESTMENTS OF HIS DEFERRED COMPENSATION CREDIT IN A MENU OF INVESTMENT ALTERNATIVES MADE AVAILABLE BY THE COMPANY. UPON VESTING, A DISTRIBUTION IS PROVIDED LESS APPLICABLE TAX. IN THE CASE OF A VOLUNTARY TERMINATION OF EMPLOYMENT BY THE EXECUTIVE OR INVOLUNTARY TERMINATION OF EMPLOYMENT FOR CAUSE BY THE COMPANY, THE NON-VESTED FUNDS ARE FORFEITED. ACCELERATED VESTING (100%) IS ALLOWED UPON DEATH, DISABILITY OR AN INVOLUNTARY TERMINATION BY THE COMPANY WITHOUT CAUSE. ALLOCATIONS TO THE 457(F) PLAN FOR THE YEAR INCLUDE THE FOLLOWING: $12,265 - KRIS SANDERS $12,421 - ANNELISE JENSEN IN ADDITION, THE FOLLOWING INDIVIDUALS RECEIVED 457(F) PAYOUTS. THIS AMOUNT REPRESENTS THE FULLY VESTED PORTION PURSUANT TO THE 457(F) PLAN. THIS AMOUNT WAS REFLECTED IN COLUMN (C) ON THE PRIOR YEARS FORM 990 AS REQUIRED. PAYOUTS FROM THE PLAN FOR THE YEAR INCLUDE THE FOLLOWING: $43,417 - ANNELISE JENSEN $46,198 David Baytos IN ADDITION, THE FOLLOWING INDIVIDUALS RECEIVED AN EXECUTIVE RETIREMENT LUMP SUM PAYOUT. ONCE AN EXECUTIVE REACHES THE AGE OF 64 THEN THEY ARE NO LONGER ELIGIBLE TO PARTICIPATE IN THE 457(F) PLAN. A LUMP SUM IS PAID ANNUALLY ON THE LAST PAY PERIOD OF THE YEAR, EQUIVALENT TO THE CONTRIBUTION THAT WOULD HAVE BEEN MADE TO THE 457(F) PLAN. THIS AMOUNT REPRESENTS THE FULLY VESTED PORTION PURSUANT TO THE 457(F) PLAN. THIS AMOUNT WAS REFLECTED IN COLUMN (C) ON THE PRIOR YEAR'S FORM 990 AS REQUIRED. PAYOUTS FROM THE EXECUTIVE RETIREMENT PLAN FOR THE YEAR: No payment made during tax year.
Schedule J, Part I, Line 3 Arrangement used to establish the top managements official's compensation
THE BOARD OF METHODIST LE BONHEUR HEALTHCARE, A RELATED ORGANIZATION AND CORPORATE OVERSIGHT ENTITY, CONDUCTS THE FOLLOWING METHODS TO ESTABLISH COMPENSATION FOR ITS OFFICERS AND KEY EMPLOYEES: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION STUDY / SURVEY - APPROVAL BY THE BOARD / COMPENSATION COMMITTEE

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349322104

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