Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $5,247,861

• 1f · All other contributions, gifts and grants

  $494,575

• 2a · Program service revenue: INTERCOMPANY RENT REV

  total $692,203 · related or exempt $692,203

• 2b · Program service revenue: OTHER PROGRAM REVENUE

  total $94,527 · related or exempt $94,527

• 6a · Gross rents

  real property $214,431

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $214,431

• 6d · Net rental income or loss

  total $214,431 · excluded $214,431

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $189,402 · management and general $189,402

• 7 · Other salaries and wages

  total $2,734,664 · program services $2,671,134 · management and general $63,530

• 8 · Pension plan contributions

  total $23,544 · program services $21,507 · management and general $2,037

• 9 · Other employee benefits

  total $328,382 · program services $299,977 · management and general $28,405

• 10 · Payroll taxes

  total $489,083 · program services $446,777 · management and general $42,306

• 11a · Fees: management

  total $12,678 · management and general $12,678

• 11c · Fees: accounting

  total $2,066 · management and general $2,066

• 11g · Fees: other

  total $1,730,841 · program services $1,581,123 · management and general $149,718

• 13 · Office expenses

  total $74,040 · program services $61,182 · management and general $12,858

• 14 · Information technology

  total $25,559 · program services $25,559

• 16 · Occupancy

  total $320,124 · program services $240,093 · management and general $80,031

• 17 · Travel

  total $34,367 · program services $33,919 · management and general $448

• 19 · Conferences, conventions and meetings

  total $3,136 · program services $3,036 · management and general $100

• 20 · Interest

  total $417,640 · management and general $417,640

• 22 · Depreciation, depletion and amortization

  total $353,191 · program services $322,640 · management and general $30,551

• 23 · Insurance

  total $13,819 · program services $12,624 · management and general $1,195

• 24a · Other expenses: INTERCO PURCHASED SVCS

  total $846,301 · program services $647,851 · management and general $198,450

• 24b · Other expenses: OTHER EXPENSES

  total $154,482 · program services $123,437 · management and general $31,045

• 24c · Other expenses: FOOD SUPPLIES & SERVICE

  total $106,193 · program services $2,445 · management and general $103,748

• 24d · Other expenses: EQUIP RENTAL & REPAIR

  total $95,855 · program services $2,044 · management and general $93,811

• 24e · All other expenses

  total $9,525 · program services $10,310 · management and general -$785

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $339,318 · end of year $329,116

• 3 · Pledges and grants receivable

  beginning of year $683,959 · end of year $1,131,588

• 9 · Prepaid expenses and deferred charges

  beginning of year $5,569 · end of year $12,435

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

  $11,068,066

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

  $5,680,200

• 10c · Land, buildings and equipment, net

  beginning of year $5,733,706 · end of year $5,387,866

• 15 · Other assets

  beginning of year $620,206 · end of year $738,614

• 17 · Accounts payable and accrued expenses

  beginning of year $461,758 · end of year $368,786

• 18 · Grants payable

  beginning of year $27,238

• 19 · Deferred revenue

  beginning of year $354,317 · end of year $363,190

• 23 · Secured mortgages and notes payable

  beginning of year $8,069,124 · end of year $7,305,752

• 25 · Other liabilities

  beginning of year $2,307,601 · end of year $1,226,567

• 27 · Net assets without donor restrictions

  beginning of year -$4,075,026 · end of year -$2,387,460

• 28 · Net assets with donor restrictions

  beginning of year $237,746 · end of year $722,784

The filer's explanations (Part III)

PART I, LINE 3

METHODS USED BY RELATED ORG TO ESTABLISH CEO COMPENSATION THE ORGANIZATION PAYS OUT COMPENSATION BASED ON THE FOLLOWING PROCEDURES AND GUIDELINES: SINAI HEALTH SYSTEM (SHS) HAS A HUMAN RESOURCES COMMITTEE TO SUPPORT THE ORGANIZATIONAL PERFORMANCE OF SINAI HEALTH SYSTEMS AND ITS RELATED ENTITIES THROUGH THE ALIGNMENT OF EXECUTIVE COMPENSATION WITH SYSTEM STRATEGIES AND PROGRAMS THAT ENSURE COMPLIANCE WITH APPLICABLE LAW. THE VOTING MEMBERS OF THE COMMITTEE ARE INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS. THE COMMITTEE ESTABLISHES DETAILED GOALS ANNUALLY OR MORE FREQUENTLY AS CIRCUMSTANCES REQUIRE. THE COMMITTEE ESTABLISHES DETAILED GOALS ANNUALLY FOR THE PRESIDENT AND CEO AND OTHER EXECUTIVES, AND REVIEWS PERFORMANCE AGAINST THESE GOALS ON AN ANNUAL BASIS. THE COMMITTEE ANNUALLY ENGAGES AN OUTSIDE INDEPENDENT COMPENSATION CONSULTANT TO BENCHMARK THE SALARIES AND BENEFITS OF THE ORGANIZATION'S ASSISTANT VICE PRESIDENT AND ABOVE. COMPENSATION IS BASED ON: A) DETAILED WRITTEN PERFORMANCE OF THE PRESIDENT AND CEO; B) EACH ELEMENT OF COMPENSATION DATA OF THE COMPENSATION PROGRAM IN EFFECT FOR CEOS OF COMPARABLE ORGANIZTIONS; AND C) ANNUAL REVIEW OF CEO PERFORMANCE CONDUCTED AGAINST SHS ESTABLISHED GOALS. THE COMMITTEE MAINTAINS WRITTEN MINUTES WHICH ARE MAINTAINED IN EXECUTIVE ADMINISTRATION.

PART I, LINE 4B

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN: SINAI HEALTH SYSTEM'S (SHS) SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) WAS ESTABLISHED AS A NON-QUALIFIED RETIREMENT PLAN FOR ITS KEY EMPLOYEES, SPECIFICALLY THE CHIEF EXECUTIVE STAFF. THIS PLAN PROVIDES ADDED BENEFITS THAT MAY BE ABOVE AND BEYOND THOSE THRESHOLDS COVERED IN OTHER TRADITIONAL RETIREMENT PLANS. SHS'S SERP IS ENTIRELY FUNDED BY THE EMPLOYER, SHS. THE SHS COMPENSATION COMMITTEE REVIEWS AND APPROVES ACCEPTANCE AND/OR MODIFICATIONS TO THE SERP PLAN. THE SHS'S SERP PLAN OUTLINES THE ANNUAL EARNINGS PER THE INDIVIDUAL PARTICIPANTS AS WELL AS THE TIME FRAMES OF VESTMENT PER THOSE RESPECTIVE INDIVIDUALS. THE PLAN VESTS UPON TWO YEARS OF SERVICE OR ATTAINMENT OF AGE 65. THE FOLLOWING INDIVIDUALS PARTICIPATED IN THE PLAN AND RECEIVED A DISTRIBUTION FROM OR HAD AMOUNTS VEST IN THE PLAN: ELIZABETH CONNOLLY $25,825 JASON SPIGNER $25,243 NGOZI EZIKE, M.D. PARTICIPATED IN THE PLAN BUT WAS NOT YET ELIGIBLE FOR CONTRIBUTIONS AND DID NOT RECEIVE ANY DISTRIBUTIONS OR HAVE ANY AMOUNTS VEST IN THE PLAN DURING THE CALENDAR YEAR 2023.

PART I, LINE 7

NON-FIXED PAYMENTS SINAI HEALTH SYSTEM HAS A HUMAN RESOURCES COMMITTEE TO SUPPORT THE ORANIZATIONAL PERFORMANCE OF SINAI HEALTH SYSTEMS AND ITS RELATED ENTITTIES THROUGH THE ALIGHMENT OF EXECUTIVE COMPENSATION WITH SYSTEM STRATEGIES AND PROGRAMS THAT ENSURE COMPLIANCE WITH APPLICABLE LAW. THE VOTING MEMBERS OF THE COMMITTEE ARE INDEPENDENT MEMBERS OF THE BOARD OF DIRETORS. THE COMMITTEE ESTABLISHES DETAILED GOALS ANNUALLY OR MORE FREQUENTLY AS CIRCUMSTANCES REQUIRE. THE COMMITTEE ESTABLISHES DETAILED GOALS ANNUALLY FOR THE PRESIDENT AND CEO AND OTHER EXECUTIVES, AND REVIEWS PERFORMANCE AGAINST THESE GOALS ON AN ANNUAL BASIS. THE COMMITTEE ANNUALLY ENGAGES AN OUTSIDE INDEPENDENT COMPENSATION CONSULTANT TO BENCHMARK THE SALARIES AND BENEFITS OF THE ORGANIZTION'S ASSISTANT VICE PRESIDENT AND ABOVE. COMPENSATION IS BASED ON DETAILED WRITTEN PERFORMANCE OF THE PRESIDENT AND CEO, EACH ELEMENT OF COMPENSATION, DATA OF COMPENSATION PROGRAM IN EFFECT FOR CEOS OF COMPARABLE ORGANIZATION, AND AN ANNUAL REVIEW OF CEO PERFORMANCE AGAINST ESTABLISHED GOALS IS CONDUCTED. THE COMMITTEE MAINTAINS WRITTEN MINUTES WHICH ARE MAINTAINED IN EXECUTIVE ADMINSTRATION.

Related corporations and trusts

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

• PROGRESS HEALTH INC

  C · MGMT SERVICES · IL

• SINAI COMMUNITY PHARMACY

  C · PHARMACY · IL