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Nonprofiteer
← ASPIRUS KEWEENAW

Form 990 for tax year 2022

Filed by ASPIRUS KEWEENAW.

Totals

Total revenue
$70,859,801
Total expenses
$67,471,667
Contributions and grants received
$1,525,132
Grants paid
$27,162
Program service revenue
$68,571,234
Investment income
$602,768
Other revenue
$160,667
Total assets, end of year
$50,262,818
Total liabilities, end of year
$21,919,609
Net assets or fund balances, end of year
$28,343,209
Program services expenses (Part IX)
$49,891,933
Management and general expenses
$17,579,734
Fundraising expenses
$0
Program service expenses (Part III)
$49,891,933

Program services were 73.9% 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)

    $1,496,417

  • 1f · All other contributions, gifts and grants

    $28,715

  • 2a · Program service revenue: NET PATIENT SERVICE REVENUE

    total $59,859,768 · related or exempt $59,859,768

  • 2b · Program service revenue: PHARMACY REVENUE/340B

    total $7,413,271 · related or exempt $5,796,898 · unrelated business $1,616,373

  • 2c · Program service revenue: CONTRACT SERVICE REVENUE

    total $137,607 · related or exempt $137,607

  • 2f · All other program service revenue

    total $1,160,588 · related or exempt $1,160,588

  • 3 · Investment income

    total $599,196 · excluded $599,196

  • 6a · Gross rents

    real property $50,750

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $50,750

  • 6d · Net rental income or loss

    total $50,750 · excluded $50,750

  • 7a · Gross sales of assets other than inventory

    securities $7,077 · other assets $4,185

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

    securities $0 · other assets $7,690

  • 7c · Gain or loss

    securities $7,077 · other assets -$3,505

  • 7d · Net gain or loss

    total $3,572 · excluded $3,572

  • 11a · Other revenue: CAFETERIA REVENUE

    total $109,463 · excluded $109,463

  • 11b · Other revenue: VENDING REVENUE

    total $454 · excluded $454

  • 11e · Other revenue, total

    $109,917

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $27,162 · program services $27,162

  • 5 · Compensation of officers, directors and key employees

    total $516,977 · management and general $516,977

  • 7 · Other salaries and wages

    total $22,990,563 · program services $20,547,757 · management and general $2,442,806

  • 8 · Pension plan contributions

    total $559,979 · program services $532,455 · management and general $27,524

  • 9 · Other employee benefits

    total $2,945,277 · program services $2,407,550 · management and general $537,727

  • 10 · Payroll taxes

    total $1,430,564 · program services $1,240,839 · management and general $189,725

  • 11b · Fees: legal

    total $22,632 · management and general $22,632

  • 11d · Fees: lobbying

    total $4,973 · management and general $4,973

  • 11f · Fees: investment management

    total $705 · management and general $705

  • 11g · Fees: other

    total $9,619,889 · program services $9,107,533 · management and general $512,356

  • 12 · Advertising and promotion

    total $159,373 · management and general $159,373

  • 13 · Office expenses

    total $281,510 · program services $232,403 · management and general $49,107

  • 14 · Information technology

    total $25,207 · program services $14,726 · management and general $10,481

  • 16 · Occupancy

    total $776,227 · program services $56,958 · management and general $719,269

  • 17 · Travel

    total $127,448 · program services $59,667 · management and general $67,781

  • 20 · Interest

    total $719,681 · program services $719,681

  • 22 · Depreciation, depletion and amortization

    total $2,771,025 · program services $2,728,452 · management and general $42,573

  • 23 · Insurance

    total $350,291 · program services $100,348 · management and general $249,943

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $10,860,548 · program services $10,860,548

  • 24b · Other expenses: CORPORATE ALLOCATIONS

    total $8,973,076 · management and general $8,973,076

  • 24c · Other expenses: HOSPITAL ASSESSMENT PAY

    total $1,871,348 · management and general $1,871,348

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $954,903 · program services $745,229 · management and general $209,674

  • 24e · All other expenses

    total $1,482,309 · program services $510,625 · management and general $971,684

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,378,488 · end of year $13,556,181

  • 2 · Savings and temporary cash investments

    beginning of year $1,062,744 · end of year $2,444,681

  • 4 · Accounts receivable

    beginning of year $9,528,629 · end of year $10,056,144

  • 8 · Inventories for sale or use

    beginning of year $1,487,847 · end of year $1,493,790

  • 9 · Prepaid expenses and deferred charges

    beginning of year $54,443 · end of year $120,581

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

    $52,378,529

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

    $33,318,685

  • 10c · Land, buildings and equipment, net

    beginning of year $20,574,106 · end of year $19,059,844

  • 11 · Investments: publicly traded securities

    beginning of year $4,794,738 · end of year $0

  • 12 · Investments: other securities

    beginning of year $1,702,167 · end of year $1,763,939

  • 15 · Other assets

    beginning of year $5,456,211 · end of year $1,767,658

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,268,199 · end of year $2,935,254

  • 19 · Deferred revenue

    beginning of year $893,030 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $16,867,875 · end of year $16,706,713

  • 25 · Other liabilities

    beginning of year $6,844,244 · end of year $2,277,642

  • 27 · Net assets without donor restrictions

    beginning of year $28,878,079 · end of year $28,055,263

  • 28 · Net assets with donor restrictions

    beginning of year $287,946 · end of year $287,946

Mission and programs · 2022

Mission

WE HEAL PEOPLE, PROMOTE HEALTH, AND STRENGTHEN COMMUNITIES.

  • ASPIRUS KEWEENAW HOSPITAL PROVIDES COMPREHENSIVE INPATIENT, OUTPATIENT, EMERGENCY, MEDICAL, PHYSICIAN CLINIC SERVICES, PHARMACY AND EYE CLINIC SERVICES.LAURIUM RETAIL PHARMACY: IMPLEMENTED SPECIALTY PHARMACY SERVICES TO FILL MORE COMPLICATED MEDICATIONS FOR SOME SPECIALTY DISEASE STATES SUCH AS CANCER, CROHN'S AND PSORIATIC ARTHRITIS. IMPLEMENTED OPIATE USE DISORDER MEDICATION TREATMENT DISPENSING PROCESS.IP PHARMACY: IMPLEMENTED MEDICATION DISPENSING CABINETS FOR THE ANESTHESIA TEAM TO IMPROVE PATIENT SAFETY, CHARGE CAPTURE, AND MEDICATION SECURITY. ALIGNED OUR EPIC MEDICATION LIST WITH THE OTHER UP HOSPITALS TO HELP CROSS-TRAINING FOR NURSING AND PHARMACIST TEAMS TO IMPROVE ON PATIENT SAFETY.LAB: PERFORMS LAB TESTING FOR THE CRITICAL ACCESS HOSPITAL, 4 CLINICS AND 3 NURSING HOMES. THE LAB IS A REFERENCE LAB FOR PATHOLOGY AND MICROBIOLOGY TESTING FOR ANOTHER CRITICAL ACCESS HOSPITAL. IS OPERATED 24/7 BY CERTIFIED MEDICAL LAB SCIENTISTS. THE LAB IS ACCREDITED BY COLA. THE LAB HAS EPIC AS AN EMR AND ALL RESULTS ARE INTERFACED. ANNUAL VOLUME IS >125,000 AND ANNUAL INCOME IS APPROXIMATELY $4,000,000.

    Expenses $49,891,933 · Grants $27,162 · Revenue $66,954,861

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

Listed in Part VII

  • JESSE TISCHER

    BOARD MEMBER/SVP & PRES. REG. MKTS.

    Total calculated
    $910,170
    From this org
    $0
    From related orgs
    $781,575
    Other
    $128,595
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $580,082 related
    Bonus
    $0 + $150,199 related
    Other
    $0 + $51,294 related
    Deferred
    $0 + $18,561 related
    Nontaxable benefits
    $0 + $110,034 related
    Filer's total
    $0 + $910,170 related

  • JOHN PIETILA

    BOARD MEMBER/RADIOLOGIST

    Total calculated
    $934,005
    From this org
    $0
    From related orgs
    $876,739
    Other
    $57,266
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $845,370 related
    Bonus
    $0 + $26,000 related
    Other
    $0 + $5,369 related
    Deferred
    $0 + $20,519 related
    Nontaxable benefits
    $0 + $36,747 related
    Filer's total
    $0 + $934,005 related

  • MICHAEL HOLZHUETER

    ASST SEC./SVP-GENERAL COUNSEL

    Total calculated
    $796,592
    From this org
    $0
    From related orgs
    $672,916
    Other
    $123,676
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $479,018 related
    Bonus
    $0 + $135,622 related
    Other
    $0 + $58,276 related
    Deferred
    $0 + $18,672 related
    Nontaxable benefits
    $0 + $105,004 related
    Filer's total
    $0 + $796,592 related

  • DANIEL J LUKES DO

    BOARD MEMBER/PHYSICIAN

    Total calculated
    $849,041
    From this org
    $0
    From related orgs
    $802,805
    Other
    $46,236
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $795,483 related
    Bonus
    $0
    Other
    $0 + $7,322 related
    Deferred
    $0 + $17,894 related
    Nontaxable benefits
    $0 + $28,342 related
    Filer's total
    $0 + $849,041 related

  • JENNIFER REDMAN-SCHELL

    VICE-CHAIR/SVP-PRES. AMG

    Total calculated
    $742,874
    From this org
    $0
    From related orgs
    $641,148
    Other
    $101,726
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $490,009 related
    Bonus
    $0 + $148,789 related
    Other
    $0 + $2,350 related
    Deferred
    $0 + $17,929 related
    Nontaxable benefits
    $0 + $83,797 related
    Filer's total
    $0 + $742,874 related

  • JONATHAN N BRUEGGEMAN

    BOARD MEMBER/CMO-UP REGION

    Total calculated
    $506,441
    From this org
    $0
    From related orgs
    $450,639
    Other
    $55,802
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $410,123 related
    Bonus
    $0 + $39,958 related
    Other
    $0 + $558 related
    Deferred
    $0 + $17,584 related
    Nontaxable benefits
    $0 + $38,218 related
    Filer's total
    $0 + $506,441 related

  • PATRICK TINCHER JR

    BOARD MEMBER/VP FINANCE-REG. OPS.

    Total calculated
    $392,996
    From this org
    $0
    From related orgs
    $336,475
    Other
    $56,521
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $278,727 related
    Bonus
    $0 + $49,894 related
    Other
    $0 + $7,854 related
    Deferred
    $0 + $18,549 related
    Nontaxable benefits
    $0 + $37,972 related
    Filer's total
    $0 + $392,996 related

  • KRISTEN DMESKE NP-C

    BOARD MEMBER/NURSE PRACTITIONER

    Total calculated
    $142,666
    From this org
    $0
    From related orgs
    $136,910
    Other
    $5,756
    Hours/week
    1 + 50 related

  • JOHN D MATONICH

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • STEVEN TINTI

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • KATIE CLARK

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • RICHARD J KOUBEK PHD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • ROBIN MENEZUGGO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • JAMES R RICHARDSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • KIRK R SCHOTT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • MATTHEW HEYWOOD

    PRESIDENT & CEO ASPIRUS

    Total calculated
    $2,111,048
    From this org
    $0
    From related orgs
    $1,799,938
    Other
    $311,110
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,228,335 related
    Bonus
    $0 + $567,185 related
    Other
    $0 + $4,418 related
    Deferred
    $0 + $18,619 related
    Nontaxable benefits
    $0 + $292,491 related
    Filer's total
    $0 + $2,111,048 related

  • SIDNEY SCZYGELSKI

    SR. VP OF FINANCE/CFO

    Total calculated
    $2,055,582
    From this org
    $0
    From related orgs
    $1,911,464
    Other
    $144,118
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $649,845 related
    Bonus
    $0 + $1,057,600 related
    Other
    $0 + $204,019 related
    Deferred
    $0 + $20,794 related
    Nontaxable benefits
    $0 + $123,324 related
    Filer's total
    $0 + $2,055,582 related

  • CHRISTINE HARFF

    (NV) PRESIDENT - REGIONAL UP

    Total calculated
    $562,679
    From this org
    $0
    From related orgs
    $459,422
    Other
    $103,257
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $338,109 related
    Bonus
    $0 + $82,831 related
    Other
    $0 + $38,482 related
    Deferred
    $0 + $19,524 related
    Nontaxable benefits
    $0 + $83,733 related
    Filer's total
    $0 + $562,679 related

  • JAMES MATHESON

    SVP-CHIEF STRATEGY OFFICER

    Total calculated
    $650,294
    From this org
    $0
    From related orgs
    $539,401
    Other
    $110,893
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $386,985 related
    Bonus
    $0 + $110,566 related
    Other
    $0 + $41,850 related
    Deferred
    $0 + $17,683 related
    Nontaxable benefits
    $0 + $93,210 related
    Filer's total
    $0 + $650,294 related

  • TODD RICHARDSON

    SVP & CHIEF INFO. OFF. (THRU 06/23)

    Total calculated
    $639,306
    From this org
    $0
    From related orgs
    $534,868
    Other
    $104,438
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $378,807 related
    Bonus
    $0 + $112,026 related
    Other
    $0 + $44,035 related
    Deferred
    $0 + $18,079 related
    Nontaxable benefits
    $0 + $86,359 related
    Filer's total
    $0 + $639,306 related

  • ERIC ANDERSON

    SVP-SERVICE LINE & PATIENT EXP.

    Total calculated
    $626,769
    From this org
    $0
    From related orgs
    $519,926
    Other
    $106,843
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $399,954 related
    Bonus
    $0 + $117,991 related
    Other
    $0 + $1,981 related
    Deferred
    $0 + $17,740 related
    Nontaxable benefits
    $0 + $89,103 related
    Filer's total
    $0 + $626,769 related

  • CONSTANCE BRADLEY

    SVP- SYSTEM CHIEF NURSING EXECUTIVE

    Total calculated
    $597,582
    From this org
    $0
    From related orgs
    $502,032
    Other
    $95,550
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $385,875 related
    Bonus
    $0 + $113,420 related
    Other
    $0 + $2,737 related
    Deferred
    $0 + $16,421 related
    Nontaxable benefits
    $0 + $79,129 related
    Filer's total
    $0 + $597,582 related

  • DEBRA BALL

    SVP & CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $562,392
    From this org
    $0
    From related orgs
    $458,839
    Other
    $103,553
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $349,805 related
    Bonus
    $0 + $106,987 related
    Other
    $0 + $2,047 related
    Deferred
    $0 + $13,179 related
    Nontaxable benefits
    $0 + $90,374 related
    Filer's total
    $0 + $562,392 related

  • WILLIAM CARROLL

    VP- INFORMATION TECHNOLOGY

    Total calculated
    $370,543
    From this org
    $0
    From related orgs
    $321,116
    Other
    $49,427
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $267,466 related
    Bonus
    $0 + $51,102 related
    Other
    $0 + $2,548 related
    Deferred
    $0 + $18,436 related
    Nontaxable benefits
    $0 + $30,991 related
    Filer's total
    $0 + $370,543 related

  • SCOTT REMMICH

    VP- CHIEF COMPLIANCE OFFICER

    Total calculated
    $349,829
    From this org
    $0
    From related orgs
    $304,493
    Other
    $45,336
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $251,612 related
    Bonus
    $0 + $49,272 related
    Other
    $0 + $3,609 related
    Deferred
    $0 + $17,778 related
    Nontaxable benefits
    $0 + $27,558 related
    Filer's total
    $0 + $349,829 related

  • MATTHEW KRAUSE

    VP - CHIEF ADMIN OFFICER - AKH

    Total calculated
    $295,532
    From this org
    $249,667
    From related orgs
    $0
    Other
    $45,865
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $212,907
    Bonus
    $36,142
    Other
    $618
    Deferred
    $11,061
    Nontaxable benefits
    $34,804
    Filer's total
    $295,532

  • MARGUERITE HALE

    VP- REGIONAL PATIENT CARE & CNO

    Total calculated
    $273,108
    From this org
    $259,724
    From related orgs
    $0
    Other
    $13,384
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $219,694
    Bonus
    $34,131
    Other
    $5,899
    Deferred
    $11,717
    Nontaxable benefits
    $1,667
    Filer's total
    $273,108

  • CRYSTAL KIRSCHLING

    VP- REGIONAL INTEGRATION OFFICER

    Total calculated
    $397,161
    From this org
    $0
    From related orgs
    $348,443
    Other
    $48,718
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $291,308 related
    Bonus
    $0 + $56,573 related
    Other
    $0 + $562 related
    Deferred
    $0 + $12,036 related
    Nontaxable benefits
    $0 + $36,682 related
    Filer's total
    $0 + $397,161 related

  • NATHAN MCPARLAN

    RADIOLOGIST

    Total calculated
    $1,183,107
    From this org
    $0
    From related orgs
    $1,139,379
    Other
    $43,728
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $1,118,569 related
    Bonus
    $0 + $15,000 related
    Other
    $0 + $5,810 related
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $34,578 related
    Filer's total
    $0 + $1,183,107 related

  • DIVIS KHAIRA

    PHYSICIAN

    Total calculated
    $679,295
    From this org
    $0
    From related orgs
    $626,739
    Other
    $52,556
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $614,082 related
    Bonus
    $0
    Other
    $0 + $12,657 related
    Deferred
    $0 + $17,894 related
    Nontaxable benefits
    $0 + $34,662 related
    Filer's total
    $0 + $679,295 related

  • EMMETT MOSLEY

    PHYSICIAN

    Total calculated
    $683,518
    From this org
    $0
    From related orgs
    $630,962
    Other
    $52,556
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $622,398 related
    Bonus
    $0
    Other
    $0 + $8,564 related
    Deferred
    $0 + $17,894 related
    Nontaxable benefits
    $0 + $34,662 related
    Filer's total
    $0 + $683,518 related

  • TOM RAISANEN

    PHYSICIAN

    Total calculated
    $601,525
    From this org
    $0
    From related orgs
    $544,722
    Other
    $56,803
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $499,274 related
    Bonus
    $0 + $40,000 related
    Other
    $0 + $5,448 related
    Deferred
    $0 + $22,478 related
    Nontaxable benefits
    $0 + $34,325 related
    Filer's total
    $0 + $601,525 related

  • SHAHAR MADJAR

    PHYSICIAN

    Total calculated
    $520,079
    From this org
    $0
    From related orgs
    $467,973
    Other
    $52,106
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $461,151 related
    Bonus
    $0
    Other
    $0 + $6,822 related
    Deferred
    $0 + $17,444 related
    Nontaxable benefits
    $0 + $34,662 related
    Filer's total
    $0 + $520,079 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 3
FOR THE PURPOSE OF DETERMINING COMPENSATION, ASPIRUS KEWEENAW HOSPITAL RELIED ON RELATED ORGANIZATIONS TO ESTABLISH COMPENSATION OF THE CEO, OTHER OFFICERS AND KEY EMPLOYEES. THE RELATED ORGANIZATIONS USED THE FOLLOWING PRACTICIES FOR ESTABLISHING COMPENSATION FOR SUCH INDIVIDUAL: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 4B
SCHEDULE J, PART I, LINE 4B - SUPPLEMENTAL NONQUALIFIED RETIREMENT 457 (F) DISTRIBUTION: J. TISCHER $50,242 S. SCZYGELSKI $195,109 C. HARFF $34,464 J. MATHESON $32,339 M. HOLZHUETER $55,822 T. RICHARDSON $39,964 KEY EMPLOYEES OF THE ORGANIZATION OR A PARTICIPATING AFFILIATE ARE ELIGIBLE TO PARTICIPATE IN THE PLAN. THE PLAN YEAR IS JANUARY 1 TO DECEMBER 31ST. EMPLOYER CONTRIBUTIONS: THE CONTRIBUTION MADE BY THE EMPLOYER IS A THREE-TIERED STRUCTURE DEPENDING UPON THE EXECUTIVE'S POSITION, WHICH ARE AS FOLLOWS: 13% FOR SENIOR VICE PRESIDENT OR PRESIDENT, 15% FOR SVP & CHIEF FINANCIAL OFFICER, AND 20% FOR THE PRESIDENT & CHIEF EXECUTIVE OFFICER. IF A PARTICIPANT TERMINATES DURING THE YEAR, THE PARTICIPANT'S EXECUTIVE ALLOWANCE IS PRORATED BASED ON THE NUMBER OF FULL CALENDAR MONTHS FROM THE BEGINNING OF THE PLAN YEAR TO THE BEGINNING OF THE CALENDAR YEAR MONTH CLOSEST TO THE CHANGE OR TERMINATION OF EMPLOYMENT. DISTRIBUTIONS: CONTINUATION OF EMPLOYMENT THROUGH THE DEFERRED VESTING DATE; THE DATE ON WHICH THE PARTICIPANT'S EMPLOYMENT IS TERMINATED AS A RESULT OF DEATH OR DISABILITY; 24 MONTHS FROM THE DATE ON WHICH THE PARTICIPANT INCURS AN INVOLUNTARY SEPARATION FROM SERVICE WITHOUT REASONABLE CAUSE OR THE DATE THAT IS 24 MONTHS FOLLOWING THE PARTICIPANT'S SEPARATION FROM SERVICE, BUT ONLY IF THE PARTICIPANT'S INTEREST HAS NOT BEEN FORFEITED FOR COMPETITION DURING SUCH 24 MONTH PERIOD AND THE PARTICIPANT HAS NOT ENGAGED IN COMPETITION AFTER HIS OR HER SEPARATION FROM SERVICE AND PRIOR TO HIS OR HER DEATH, THE PARTICIPANT SHALL BE VESTED AT HIS OR HER DATE OF DEATH.

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
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202421369349304027

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