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Nonprofiteer
← TIDALHEALTH PENINSULA REGIONAL INC

Form 990 for tax year 2022

Filed by TIDALHEALTH PENINSULA REGIONAL INC.

Totals

Total revenue
$527,727,724
Total expenses
$500,996,664
Contributions and grants received
$8,559,039
Grants paid
$53,200
Program service revenue
$505,004,219
Investment income
$13,321,804
Other revenue
$842,662
Total assets, end of year
$711,052,938
Total liabilities, end of year
$154,532,721
Net assets or fund balances, end of year
$556,520,217
Program services expenses (Part IX)
$451,804,016
Management and general expenses
$47,689,819
Fundraising expenses
$1,502,829
Program service expenses (Part III)
$451,804,016

Program services were 90.2% 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.

  • 1d · Related organizations

    $4,605,840

  • 1e · Government grants (contributions)

    $3,953,199

  • 2a · Program service revenue: NET PATIENT SERVICES

    total $492,432,000 · related or exempt $487,011,357 · unrelated business $5,420,643

  • 2b · Program service revenue: AMBULATORY PHARMACY

    total $12,572,219 · related or exempt $10,113,298 · unrelated business $2,458,921

  • 3 · Investment income

    total $7,715,777 · unrelated business -$49,685 · excluded $7,765,462

  • 6a · Gross rents

    real property $255,349

  • 6b · Less rental expenses

    real property $340,214

  • 6c · Rental income or loss

    real property -$84,865

  • 6d · Net rental income or loss

    total -$84,865 · excluded -$84,865

  • 7a · Gross sales of assets other than inventory

    securities $512,251,108 · other assets $23,215

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

    securities $506,628,519 · other assets $39,777

  • 7c · Gain or loss

    securities $5,622,589 · other assets -$16,562

  • 7d · Net gain or loss

    total $5,606,027 · excluded $5,606,027

  • 11a · Other revenue: CAFETERIA

    total $628,956 · excluded $628,956

  • 11b · Other revenue: MANAGEMENT FEES

    total $204,585 · unrelated business $204,585

  • 11c · Other revenue: LIFELINE

    total $77,000 · unrelated business $77,000

  • 11d · All other revenue

    total $16,986 · excluded $16,986

  • 11e · Other revenue, total

    $927,527

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $53,200 · program services $53,200

  • 5 · Compensation of officers, directors and key employees

    total $5,092,616 · program services $4,592,521 · management and general $484,817 · fundraising $15,278

  • 7 · Other salaries and wages

    total $177,218,188 · program services $159,815,362 · management and general $16,871,171 · fundraising $531,655

  • 8 · Pension plan contributions

    total $8,156,081 · program services $7,355,154 · management and general $776,459 · fundraising $24,468

  • 9 · Other employee benefits

    total $20,126,419 · program services $18,150,005 · management and general $1,916,035 · fundraising $60,379

  • 10 · Payroll taxes

    total $12,554,921 · program services $11,322,028 · management and general $1,195,228 · fundraising $37,665

  • 11b · Fees: legal

    total $1,269,511 · program services $1,144,845 · management and general $120,857 · fundraising $3,809

  • 11c · Fees: accounting

    total $662,390 · program services $597,343 · management and general $63,060 · fundraising $1,987

  • 11d · Fees: lobbying

    total $20,920 · program services $18,866 · management and general $1,992 · fundraising $62

  • 11f · Fees: investment management

    total $1,912,036 · program services $1,724,274 · management and general $182,026 · fundraising $5,736

  • 11g · Fees: other

    total $90,949,398 · program services $82,018,167 · management and general $8,658,383 · fundraising $272,848

  • 12 · Advertising and promotion

    total $713,939 · program services $643,830 · management and general $67,967 · fundraising $2,142

  • 13 · Office expenses

    total $39,982,416 · program services $36,056,143 · management and general $3,806,326 · fundraising $119,947

  • 14 · Information technology

    total $378,452 · program services $341,288 · management and general $36,029 · fundraising $1,135

  • 16 · Occupancy

    total $5,836,994 · program services $5,263,801 · management and general $555,682 · fundraising $17,511

  • 17 · Travel

    total $300,080 · program services $270,612 · management and general $28,568 · fundraising $900

  • 19 · Conferences, conventions and meetings

    total $23,998 · program services $21,641 · management and general $2,285 · fundraising $72

  • 20 · Interest

    total $4,505,313 · program services $4,062,891 · management and general $428,906 · fundraising $13,516

  • 22 · Depreciation, depletion and amortization

    total $28,330,714 · program services $25,548,638 · management and general $2,697,084 · fundraising $84,992

  • 23 · Insurance

    total $4,947,458 · program services $4,461,618 · management and general $470,998 · fundraising $14,842

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $52,126,284 · program services $47,007,483 · management and general $4,962,422 · fundraising $156,379

  • 24b · Other expenses: DRUG SUPPLIES

    total $34,440,280 · program services $31,058,245 · management and general $3,278,715 · fundraising $103,320

  • 24c · Other expenses: BAD DEBT

    total $9,559,541 · program services $8,620,794 · management and general $910,068 · fundraising $28,679

  • 24d · Other expenses: UBI TAXES

    total $1,479,461 · program services $1,334,178 · management and general $140,845 · fundraising $4,438

  • 24e · All other expenses

    total $356,054 · program services $321,089 · management and general $33,896 · fundraising $1,069

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,943,983 · end of year $6,612,121

  • 2 · Savings and temporary cash investments

    beginning of year $30,208,047 · end of year $17,003,061

  • 4 · Accounts receivable

    beginning of year $51,718,490 · end of year $59,468,115

  • 8 · Inventories for sale or use

    beginning of year $12,023,370 · end of year $11,774,166

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,252,697 · end of year $9,403,737

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

    $651,172,460

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

    $469,964,871

  • 10c · Land, buildings and equipment, net

    beginning of year $185,715,125 · end of year $181,207,589

  • 11 · Investments: publicly traded securities

    beginning of year $356,298,154 · end of year $334,590,234

  • 15 · Other assets

    beginning of year $101,181,337 · end of year $90,993,915

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,150,414 · end of year $7,582,833

  • 20 · Tax-exempt bond liabilities

    beginning of year $6,325,936 · end of year $3,230,467

  • 24 · Unsecured notes and loans payable

    beginning of year $120,857,625 · end of year $119,855,011

  • 25 · Other liabilities

    beginning of year $61,756,076 · end of year $23,864,410

  • 27 · Net assets without donor restrictions

    beginning of year $492,944,394 · end of year $499,549,381

  • 28 · Net assets with donor restrictions

    beginning of year $51,306,758 · end of year $56,970,836

Mission and programs · 2022

Mission

IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE.

  • SEE SCHEDULE OTIDALHEALTH PENINSULA REGIONAL IS A NOT-FOR-PROFIT 501(C)(3) NON-STOCK CORPORATION FOUNDED IN 1897 TO SERVE THE HEALTH CARE NEEDS OF THE COMMUNITY. THE HOSPITAL'S PRIMARY PURPOSE IS TO PROVIDE THE HIGHEST PRIMARY, SECONDARY, AND SELECTED TERTIARY HEALTH CARE SERVICES TO RESIDENTS OF AND VISITORS TO THE MID-DELMARVA PENINSULA IN A COMPETENT, COMPASSIONATE, AND COST-EFFECTIVE MANNER DESIGNED TO ELICIT A HIGH DEGREE OF CUSTOMER SATISFACTION. THE HOSPITAL'S MISSION IS TO IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE BY PROVIDING QUALITY MEDICAL CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, OR AGE. IF A PATIENT IS UNABLE TO PAY DUE TO FINANCIAL RESOURCES, EFFORTS WILL BE TAKEN TO ASSURE CARE AT AN AFFORDABLE COST, OR OBTAINED ASSISTANCE THROUGH APPROPRIATE AGENCIES ON THE PATIENT'S BEHALF. EMERGENCY SERVICES CARE WILL BE PROVIDED TO EVERYONE REGARDLESS OF ABILITY TO PAY.TIDALHEALTH PENINSULA REGIONAL SERVED OVER 17,000 INPATIENTS AND PROVIDED MORE THAN 408,000 OUTPATIENT SERVICES DURING FISCAL 2023. FOOD SERVICE PROVIDED MORE THAN 510,000 MEALS TO PATIENTS AND EMPLOYEES. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATION AND STABILITY OF TIDALHEALTH PENINSULA REGIONAL, IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PAY FOR ESSENTIAL MEDICAL SERVICES. THE HOSPITAL, IN KEEPING WITH THE COMMITMENT TO SERVE ALL MEMBERS OF THE COMMUNITY, DURING FISCAL 2023 PROVIDED:CHARITY AND OTHER ALLOWANCES TOTALING $31,206,439DISCOUNTS TO THIRD PARTY PAYORS INCLUDING PROGRAMS SUCH AS MEDICARE AND MEDICAID $50,346,755WRITE-OFF OF UNCOLLECTIBLE ACCOUNTS $9,559,541THE TOTAL UNREIMBURSED VALUE OF PROVIDING CARE TO THESE PATIENTS IS $91,112,735ALSO PROVIDED ARE MANY WELLNESS PROGRAMS, COMMUNITY EDUCATION AND FREE PROGRAMS OFFERED THROUGHOUT THE YEAR BASED UPON ACTIVITIES AND SERVICES THAT TIDALHEALTH PENINSULA REGIONAL BELIEVES WILL SERVE A BONA FIDE COMMUNITY HEALTH NEED. SOME OF THE PROGRAMS ARE AS FOLLOWS: - A VARIETY OF BROCHURES ARE DISPLAYED IN ALL HOSPITAL WAITING AREAS TO EDUCATE MEMBERS OF THE COMMUNITY REGARDING PROGRAMS AND SERVICES.- WE PROVIDE CHILDBIRTH PREPARATION CLASSES, EXERCISE CLASSES FOR PRENATAL AND POSTPARTUM WOMEN AND CPR CLASSES.- WE PROVIDE ASSISTANCE TO EDUCATORS THROUGH OUR WORK WITH STUDENT NURSES, RADIOLOGY, RESPIRATORY AND LABORATORY TECHNICIANS.PROGRAM ACTIVITYDURING FY 2023, TIDALHEALTH PENINSULA REGIONAL PERFORMED COMMUNITY OUTREACH ACTIVITIES ASSOCIATED WITH COVID-19 TESTING AND VACCINATION CLINICS, FLU CLINICS AND A MOBILE HEALTH INITIATIVE AIMED TO REDUCE UNNECESSARY USE OF THE 911 EMS SYSTEM AND EMERGENCY DEPARTMENT. SPECIFIC EXAMPLES OF EDUCATION AND OUTREACH PROGRAMS, SUPPORT GROUPS, COMMUNITY HEALTH SCREENINGS, AND FITNESS AND WELLNESS ACTIVITIES SUPPORTED BY TIDALHEALTH PENINSULA REGIONAL ARE AS FOLLOWS: COMMUNITY EDUCATIONAL AND OUTREACH PROGRAMS:- CPR - CHILDBIRTH PREPARATION CLASSES - REFRESHER COURSE - CHILDBIRTH - INFANT CARE CLASSES - SAFE SITTER PROGRAM - WOMEN'S HEALTH EDUCATION SUPPORT GROUPS:- DIABETES SUPPORT GROUP - HEAD AND NECK CANCER SUPPORT GROUP- CAREGIVER SUPPORT GROUP EVENTS: - COMMUNITY SCREENINGS - HEIGHT/WEIGHT, BLOOD PRESSURE - SKIN CANCER SCREENINGS- ORAL, HEAD AND NECK CANCER SCREENINGS- HEARING SCREENINGS- FLU CLINIC - EDUCATIONAL EXHIBITS TO PROMOTE HEALTHY LIFESTYLES BENEFITS:- UNITED WAY FITNESS/EXERCISE PROGRAMMING:- CARDIAC REHABILITATION- EXERCISES FOR STRENGTH AND ENDURANCE - STEPPING ON FALLS PREVENTION PROGRAM

    Expenses $451,804,016 · Grants $53,200 · Revenue $497,124,655

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • STEVEN LEONARD

    PRESIDENT/CEO

    Total calculated
    $1,207,950
    From this org
    $0
    From related orgs
    $1,129,120
    Other
    $78,830
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $827,741 related
    Bonus
    $0 + $201,322 related
    Other
    $0 + $100,057 related
    Deferred
    $0 + $59,239 related
    Nontaxable benefits
    $0 + $19,591 related
    Filer's total
    $0 + $1,207,950 related

  • DAVID SECHLER MD

    BOARD MEMBER BEG 01/23

    Total calculated
    $417,109
    From this org
    $0
    From related orgs
    $373,271
    Other
    $43,838
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $365,554 related
    Bonus
    $0 + $6,727 related
    Other
    $0 + $990 related
    Deferred
    $0 + $32,460 related
    Nontaxable benefits
    $0 + $11,378 related
    Filer's total
    $0 + $417,109 related

  • JULIUS ZANT MD

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • MEMO DIRIKER

    IMMEDIATE PAST CHAIRPERSON

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • JAMES HARTSTEIN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • SUSAN WILGUS-MURPHY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KAREN POISKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • VEL NATESAN MD

    BOARD MEMBER THRU 12/22

    Total calculated
    $274,577
    From this org
    $0
    From related orgs
    $274,577
    Other
    $0
    Hours/week
    1 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $274,577 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $274,577 related

  • RONDALL ALLEN PHARMD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARY DIBARTOLO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JANELLE BEILER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PERCY J PURNELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANTHONY ADRIGNOLO III MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JASON MORRIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DIANE TURNER

    BOARD MEMBER BEG 01/23

    Total calculated
    $0
    Hours/week
    1

  • BRUCE I RITCHIE

    CFO THRU 01/23

    Total calculated
    $895,923
    From this org
    $0
    From related orgs
    $732,177
    Other
    $163,746
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $587,979 related
    Bonus
    $0 + $98,932 related
    Other
    $0 + $45,266 related
    Deferred
    $0 + $150,388 related
    Nontaxable benefits
    $0 + $13,358 related
    Filer's total
    $0 + $895,923 related

  • LURA LUNSFORD

    V.P. OPERATIONS

    Total calculated
    $816,645
    From this org
    $0
    From related orgs
    $748,468
    Other
    $68,177
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $643,959 related
    Bonus
    $0 + $90,988 related
    Other
    $0 + $13,521 related
    Deferred
    $0 + $62,423 related
    Nontaxable benefits
    $0 + $5,754 related
    Filer's total
    $0 + $816,645 related

  • STEPHANIE GARY

    V.P. FINANCE/CFO BEG 01/23

    Total calculated
    $518,852
    From this org
    $0
    From related orgs
    $475,048
    Other
    $43,804
    Hours/week
    50 + 4 related

    Schedule J breakdown matched by us

    Base
    $0 + $413,584 related
    Bonus
    $0 + $56,372 related
    Other
    $0 + $5,092 related
    Deferred
    $0 + $32,654 related
    Nontaxable benefits
    $0 + $11,150 related
    Filer's total
    $0 + $518,852 related

  • TRUDY HALL MD

    V.P. CHIEF MEDICAL OFF. BEG 07/22

    Total calculated
    $293,117
    From this org
    $0
    From related orgs
    $260,186
    Other
    $32,931
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $239,999 related
    Bonus
    $0
    Other
    $0 + $20,187 related
    Deferred
    $0 + $11,344 related
    Nontaxable benefits
    $0 + $21,587 related
    Filer's total
    $0 + $293,117 related

  • KARIN DIBARI MD

    V.P. TH MEDICAL PARTNERS THRU 10/22

    Total calculated
    $880,796
    From this org
    $0
    From related orgs
    $859,394
    Other
    $21,402
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $524,379 related
    Bonus
    $0 + $76,218 related
    Other
    $0 + $258,797 related
    Deferred
    $0 + $16,511 related
    Nontaxable benefits
    $0 + $4,891 related
    Filer's total
    $0 + $880,796 related

  • TIMOTHY FEIST

    V.P CHIEF COMPLIANCE OFFICER

    Total calculated
    $468,673
    From this org
    $0
    From related orgs
    $352,164
    Other
    $116,509
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $309,434 related
    Bonus
    $0 + $41,512 related
    Other
    $0 + $1,218 related
    Deferred
    $0 + $103,632 related
    Nontaxable benefits
    $0 + $12,877 related
    Filer's total
    $0 + $468,673 related

  • SARAH SCOTT

    V.P. PEOPLE & ORGANIZATON DEV

    Total calculated
    $453,650
    From this org
    $0
    From related orgs
    $378,869
    Other
    $74,781
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $312,392 related
    Bonus
    $0 + $41,203 related
    Other
    $0 + $25,274 related
    Deferred
    $0 + $63,403 related
    Nontaxable benefits
    $0 + $11,378 related
    Filer's total
    $0 + $453,650 related

  • JAMES TRUMBLE MD

    V.P. CLINICAL INTEGRATION

    Total calculated
    $448,264
    From this org
    $0
    From related orgs
    $419,482
    Other
    $28,782
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $368,617 related
    Bonus
    $0 + $50,865 related
    Other
    $0
    Deferred
    $0 + $15,923 related
    Nontaxable benefits
    $0 + $12,859 related
    Filer's total
    $0 + $448,264 related

  • KATHRYN FIDDLER

    V.P. POPULATION HEALTH

    Total calculated
    $397,380
    From this org
    $0
    From related orgs
    $355,293
    Other
    $42,087
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $307,474 related
    Bonus
    $0 + $46,601 related
    Other
    $0 + $1,218 related
    Deferred
    $0 + $39,719 related
    Nontaxable benefits
    $0 + $2,368 related
    Filer's total
    $0 + $397,380 related

  • ANGELA BRITTINGHAM

    CHIEF NURSING OFFICER BEG 04/23

    Total calculated
    $184,420
    From this org
    $0
    From related orgs
    $161,488
    Other
    $22,932
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $140,165 related
    Bonus
    $0 + $16,127 related
    Other
    $0 + $5,196 related
    Deferred
    $0 + $17,317 related
    Nontaxable benefits
    $0 + $5,615 related
    Filer's total
    $0 + $184,420 related

  • CHARLES SILVIA JR MD

    FMR V.P. CHIEF MED. OFF. THRU 01/22

    Total calculated
    $179,022
    From this org
    $0
    From related orgs
    $158,693
    Other
    $20,329
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $38,494 related
    Bonus
    $0
    Other
    $0 + $120,199 related
    Deferred
    $0 + $20,329 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $179,022 related

  • SARAH ARNETT

    FMR CHIEF NURSING OFFICER THRU 04/22

    Total calculated
    $242,019
    From this org
    $0
    From related orgs
    $217,782
    Other
    $24,237
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $100,823 related
    Bonus
    $0
    Other
    $0 + $116,959 related
    Deferred
    $0 + $22,233 related
    Nontaxable benefits
    $0 + $2,004 related
    Filer's total
    $0 + $242,019 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

  • 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, LINE 3
PROCESS FOR DETERMINING COMPENSATION A COMPENSATION COMMITTEE OF TIDALHEALTH INC. (THI), THE SOLE CORPORATE MEMBER OF THE FILING ORGANIZATION, DETERMINES THE COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR OF THE ORGANIZATION. THE COMPENSATION COMMITTEE USES AN INDEPENDENT CONSULTANT, COMPENSATION SURVEYS, AND OTHER ORGANIZATION'S FORM 990 IN THE DETERMINATION PROCESS AND KEEPS CONTEMPROANEOUS RECORDS OF DECISIONS MADE.
PART I, LINE 4A-B
SEVERANCE THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS DURING 2022. THESE AMOUNTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B) (III): SARAH ARNETT $67,229 KARIN DIBARI $201,490 SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN THI HAS A NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN (UNDER SECTION 457 (F)). THIS PLAN WAS APPROVED BY THE COMPENSATION COMMITTEE OF THE THI BOARD OF DIRECTORS TO SUPPLEMENT THE EXECUTIVE'S RETIREMENT INCOME. THE SUPPLEMENTAL RETIREMENT PLAN WAS DEVELOPED BASED ON AN INDEPENDENT CONSULTANT REPORT ON MARKET-BASED PRACTICES FOR SUPPLEMENTAL RETIREMENT PLANS. THE PERCENTAGE OF FINAL AVERAGE PAY, THE REQUIREMENTS FOR VESTING, PARTICIPANTS, AND PAY-OUT PROVISIONS WERE ESTABLISHED, REVIEWED, AND APPROVED BY THE COMPENSATION COMMITTEE. THE CONTRIBUTIONS TO THE SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN ARE INCLUDED IN SCHEDULE J, PART II, COLUMN C OR IN SCHEDULE J, PART II, COLUMN B(III) AS PART OF DEFERRED COMPENSATION. THE FOLLOWING INDIVIDUALS PARTICIPATED IN THIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: STEVEN LEONARD BRUCE RITCHIE KARIN DIBARI
PART I, LINE 6A, 6B AND 7:
CONTINGENT COMPENSATION AND NON-FIXED PAYMENTS OFFICERS AND KEY EMPLOYEES OF THE FILING ORGANIZATION ARE PAID BY THI. THE COMPENSATION IS DETERMINED BY A NUMBER OF VARIABLES INCLUDING BUT NOT LIMITED TO INDIVIDUAL GOALS AS WELL AS ORGANIZATION OPERATIONAL ACHIEVEMENTS IN SERVICE, QUALITY, SAFETY, EMPLOYEE SATISFACTION, AND COST. THE FINAL DETERMINATION OF THE CONTINGENT COMPENSATION AMOUNT IS DETERMINED AND APPROVED BY THE BOARD AS PART OF THE OVERALL COMPENSATION REVIEW OF OFFICERS AND KEY EMPLOYEES.

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.

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
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202411359349312756

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