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Nonprofiteer
← ATLANTIC HEALTH SYSTEM INC

Form 990 for tax year 2024

Filed by ATLANTIC HEALTH SYSTEM INC.

Totals

Total revenue
$8,049,102
Total expenses
$7,515,395
Contributions and grants received
$0
Grants paid
$6,130,381
Program services expenses (Part IX)
$7,515,395
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$7,515,395

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Brian Gragnolati

    President & CEO

    Total calculated
    $11,531,308
    From this org
    $0
    From related orgs
    $9,720,812
    Other
    $1,810,496
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $3,320,521 related
    Bonus
    $0 + $5,139,690 related
    Other
    $0 + $1,260,601 related
    Deferred
    $0 + $1,741,138 related
    Nontaxable benefits
    $0 + $69,358 related
    Filer's total
    $0 + $11,531,308 related

  • Christopher R Reidy

    Trustee-AHS

    Total calculated
    $0
    Hours/week
    2

  • Grant Parr MD

    Trustee-AHS

    Total calculated
    $0
    Hours/week
    2

  • John F Vigorita MD

    Trustee-AHS

    Total calculated
    $0
    Hours/week
    2

  • Laura Ann Kelly-Vice Chair

    Trustee-AHS

    Total calculated
    $0
    Hours/week
    2

  • Richard W Herbst

    Trustee-AHS

    Total calculated
    $0
    Hours/week
    2

  • Robert E McCracken-Chair

    Trustee-AHS

    Total calculated
    $0
    Hours/week
    2

  • Finn Wentworth

    Trustee-AHS

    Total calculated
    $0
    Hours/week
    2

  • Sean Nicholson

    Trustee-AHS

    Total calculated
    $0
    Hours/week
    2

  • Dennis Wilson

    Trustee-AHS

    Total calculated
    $0
    Hours/week
    2

  • Jeanine Liburd

    Trustee-AHS

    Total calculated
    $0
    Hours/week
    2

  • Arthur Orduna

    Trustee-AHS

    Total calculated
    $0
    Hours/week
    2

  • Justice Jaynee LaVecchia

    Trustee-AHS

    Total calculated
    $0
    Hours/week
    2

  • Mai Pham MD

    Trustee-AHS

    Total calculated
    $0
    Hours/week
    2

  • Michael Ranger

    Trustee-AHS

    Total calculated
    $0
    Hours/week
    2

  • Muhammad Feteiha MD

    Trustee-AHS

    Total calculated
    $1,044,399
    From this org
    $0
    From related orgs
    $1,013,286
    Other
    $31,113
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $916,512 related
    Bonus
    $0 + $95,000 related
    Other
    $0 + $1,774 related
    Deferred
    $0 + $12,055 related
    Nontaxable benefits
    $0 + $19,058 related
    Filer's total
    $0 + $1,044,399 related

  • Kevin Lenahan

    EVP-Chief Bus & Strategy O

    Total calculated
    $3,347,908
    From this org
    $0
    From related orgs
    $2,924,716
    Other
    $423,192
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,415,590 related
    Bonus
    $0 + $1,094,600 related
    Other
    $0 + $414,526 related
    Deferred
    $0 + $385,543 related
    Nontaxable benefits
    $0 + $37,649 related
    Filer's total
    $0 + $3,347,908 related

  • Sheilah O'Halloran

    EVP-General Counsel

    Total calculated
    $2,145,415
    From this org
    $0
    From related orgs
    $1,859,057
    Other
    $286,358
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $872,855 related
    Bonus
    $0 + $661,315 related
    Other
    $0 + $324,887 related
    Deferred
    $0 + $248,562 related
    Nontaxable benefits
    $0 + $37,796 related
    Filer's total
    $0 + $2,145,415 related

  • Michael Walter

    SVP-Chief Financial Office

    Total calculated
    $1,872,440
    From this org
    $0
    From related orgs
    $1,615,288
    Other
    $257,152
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $982,449 related
    Bonus
    $0 + $592,546 related
    Other
    $0 + $40,293 related
    Deferred
    $0 + $211,325 related
    Nontaxable benefits
    $0 + $45,827 related
    Filer's total
    $0 + $1,872,440 related

  • Katharine Driebe

    VP, Finance

    Total calculated
    $1,061,808
    From this org
    $0
    From related orgs
    $916,796
    Other
    $145,012
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $490,786 related
    Bonus
    $0 + $330,078 related
    Other
    $0 + $95,932 related
    Deferred
    $0 + $115,679 related
    Nontaxable benefits
    $0 + $29,333 related
    Filer's total
    $0 + $1,061,808 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 — 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
2024 Supplemental Executive Retirement Plan (SERP) Earned Credits During 2024, Atlantic Health System implemented a non-qualified 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 2024, the following Officers received SERP credits: Brian Gragnolati 1,723,038 Sheilah O'Halloran 245,892 Michael Walter 193,222 Kevin Lenahan 385,483 The above amounts represent earned credits which have not vested and were not included in their respective 2024 Forms W-2 compensation. However, the earned credits were included as Other Compensation in Column (F) of Part VII and as Deferred Compensation in Column (C) of Part II, Schedule J of the 2024 Form 990 per Internal Revenue Service guidance. Once the officers meet the applicable vesting criteria of the plan, the SERP credits will be included as taxable compensation in their respective Forms W-2 of that year. 2024 Supplemental Executive Retirement Plan (SERP)Taxable Distributions The following officers received taxable SERP distributions during 2023 based on the vesting criteria of the plan document. These taxable SERP distributions were included in their respective 2024 W-2s and are reported in Other Reportable Compensation in Schedule J (Sch J, (B)(ii))of the this IRS 990: Brian Gragnolati $1,112,605 Sheilah O'Halloran 223,239 Kevin Lenahan 357,274

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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202523179349308167

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