2024-05-14T10:50:22-05:00 2023-06-30 381357951 PLANTE & MORAN PLLC 250 S HIGH ST SUITE 100 COLUMBUS OH 43215 990 2022-07-01 311417566 SOUTHERN OHIO MEDICAL CENTER TITLE HOLDING COMPANY SOUT 7403567622 1805 27TH STREET PORTSMOUTH OH 45662 KARA PLUMMER CFO 7403567622 2024-05-13 1 KARA PLUMMER 999009999 1 AMY CIMINELLO P00796388 6148493000 2024-05-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MR BENJAMIN GILL 1805 27TH STREET PORTSMOUTH OH 45662 5097191 0 X N/A X 1994 OH OWN AND MANAGE REAL ESTATE ON BEHALF OF SOUTHERN OHIO MEDICAL CENTER, A RELATED 501(C)(3) ORGANIZATION. 13 8 0 0 -10682 0 0 0 4305113 4540243 15120 167096 -48783 -27217 4271450 4680122 0 0 0 0 0 0 0 0 0 6471759 5839748 6471759 5839748 -2200309 -1159626 52699013 59116640 2970935 1987128 49728078 57129512 X AT SOMC, OUR MISSION IS TO MAKE A DIFFERENCE. WE STRIVE TO LIVE OUT THAT MISSION BY PROVIDING OUR REGION WITH THE HIGHEST QUALITY OF CARE, DELIVERED BY PROFESSIONALS WHO ARE AMONG THE BEST IN THEIR FIELDS. WE EXTEND THAT CARE AND PASSION TO MAKE A DIFFERENCE IN THE COMMUNITY BY BEING A VERY GOOD NEIGHBOR, EMPLOYER, AND COMMUNITY SUPPORTER. 0 0 0 0 0 MAINTAINED AND MANAGED REAL PROPERTY USED TO ACCOMPLISH THE EXEMPT PURPOSES OF SOUTHERN OHIO MEDICAL CENTER, A RELATED IRC SEC. 501(C)(3) ORGANIZATION. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 13 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X MELANIA COX 7403567072 1248 KINNEYS LANE PORTSMOUTH OH 45662 JEREMIAH MARTIN MD DIRECTOR-CHIEF OF STAFF 1.10 40.00 X X 0 1054873 34166 BENJAMIN GILL DIRECTOR-PRESIDENT & CEO-SOMC 1.00 42.10 X X 0 692806 199139 JOSEPH HERRMAN DO DIRECTOR-CHIEF OF STAFF ELECT 1.00 40.00 X X 0 770654 65987 ELIE SAAB MD DIRECTOR-CRITICAL CARE PHYSICIAN 1.00 41.00 X 0 671195 54395 ROBERT DEVER CHAIRMAN 1.00 1.10 X X 0 0 0 GARY DUZAN TREASURER 1.00 1.10 X X 0 0 0 GEORGE LAWSON SECRETARY 1.00 1.10 X X 0 0 0 RANDAL ARNETT DIRECTOR 0.00 1.00 X 0 0 0 STEVEN CONLEY DIRECTOR 1.00 1.00 X 0 0 0 DAVID FOWLER DIRECTOR 1.00 1.10 X 0 0 0 MATTHEW MILLER DIRECTOR 1.00 1.00 X 0 0 0 THOMAS REISER DIRECTOR 1.00 1.00 X 0 0 0 BECKY THEIL DIRECTOR 1.00 1.00 X 0 0 0 KARA PLUMMER CFO 1.00 42.10 X 0 355971 105735 0 3545499 459422 0 0 1 0 0 RENTAL INCOME 532000 4540243 4540243 4540243 20324 20324 132909 160126 -27217 -27217 -10682 -16535 403715 256943 146772 146772 146772 4680122 4540243 -10682 150561 X 952975 131219 964495 20100 3770959 5839748 108670511 50326947 51904648 58343564 794365 773076 52699013 59116640 2031949 1034058 938986 953070 2970935 1987128 X 49728078 57129512 49728078 57129512 52699013 59116640 X -1159626 -41614 8602674 X X 0 1 X 1 0 1438063 1438063 34830509 18273281 16557228 50893259 28943037 21950222 21508680 3110629 18398051 58343564 AIR RIGHTS LEASE 953070 953070 0 1 0 JEREMIAH MARTIN MD DIRECTOR-CHIEF OF STAFF 0 846809 0 187554 0 20510 0 19957 0 14209 0 1089039 0 0 BENJAMIN GILL DIRECTOR-PRESIDENT & CEO-SOMC 0 558114 0 113202 0 21490 0 170224 0 28915 0 891945 0 0 JOSEPH HERRMAN DO DIRECTOR-CHIEF OF STAFF ELECT 0 515257 0 229752 0 25645 0 24284 0 41703 0 836641 0 0 ELIE SAAB MD DIRECTOR-CRITICAL CARE PHYSICIAN 0 544894 0 107905 0 18396 0 22090 0 32305 0 725590 0 11115 KARA PLUMMER CFO 0 283202 0 54972 0 17797 0 69921 0 35814 0 461706 0 0 PART I, LINE 4B THE ORGANIZATION MADE CONTRIBUTIONS TO A SERP FOR THE FOLLOWING INDIVIDUALS LISTED ON PAGE 7 OF FORM 990: BENJAMIN GILL: $148,874 KARA PLUMMER: $54,671 THE SERP PLAN IS AVAILABLE ONLY TO INDIVIDUALS WHO HAVE HELD AN EXECUTIVE POSITION FOR ONE YEAR. THE SERP WILL VEST UPON THE OCCURRENCE OF THE FOLLOWING EVENTS: - THE DATE OF THE EXECUTIVE'S DEATH - THE DATE THE EXECUTIVE BECOMES TOTALLY DISABLED - THE DATE A CHANGE OF CONTROL OCCURS - THE EXECUTIVE REACHING THE AGE OF 60 YEARS IF AN EXECUTIVE SEVERS EMPLOYMENT OR IS TERMINATED, A NONCOMPETE AGREEMENT IS IN PLACE FOR 2 YEARS. THE EXECUTIVE FORFEITS ANY SERP PAYMENTS IF HE/SHE DOES NOT CONFORM TO THE NONCOMPETE AGREEMENT. THE EXECUTIVE MUST HAVE FIVE YEARS OF SERP SERVICE BEFORE ENDING THE EMPLOYMENT IN ORDER TO VEST. THE SERP CONTRIBUTIONS LISTED ABOVE ARE INCLUDED IN COMPENSATION REPORTED IN SCHEDULE J, PART II, COLUMN C. NONE OF THE INDIVIDUALS LISTED ON PAGE 7 OF FORM 990, RECEIVED A VESTED SERP PAYMENT DURING THE CALENDAR YEAR. SOMC MEDICAL CARE FOUNDATION, INC, A RELATED ORGANIZATION, MADE CONTRIBUTIONS TO A CERP (COMMUNITY EMERGENCY RESPONSE PLAN). THE CERP PROGRAM IS AN INCENTIVE PROGRAM FOR PHYSICIANS TO BE AVAILABLE ON CALL IN THE EVENT OF AN EMERGENCY. THE PHYSICIAN WILL VEST IN THE PLAN IF ANY OF THE FOLLOWING THREE CONDITIONS ARE MET: - PARTICIPATE IN THE CERP PROGRAM FOR 10 YEARS, IF ENTERED THE PLAN AFTER 2007 - REACH THE AGE OF 60 YEARS AFTER COMPLETING 20 YEARS OF SERVICE - REACH THE AGE OF 65 YEARS THE ORGANIZATION MADE CONTRIBUTIONS TO A CERP FOR THE FOLLOWING INDIVIDUALS LISTED ON FORM 990, PART VII: JOSEPH HERRMANN: $12,084 ELIE SAAB: $6,840 JEREMIAH MARTIN: $6,232 THE AMOUNT LISTED ABOVE IS INCLUDED IN COMPENSATION REPORTED ON SCHEDULE J, PART II, COLUMN C. NONE OF THE INDIVIDUALS LISTED ON FORM 990, PART VII RECEIVED A VESTED CERP PAYMENT DURING THE 2022 CALENDAR YEAR. THE VESTED PAYMENT AMOUNTS LISTED ABOVE ARE REPORTED ON SCHEDULE J, PART II, COLUMN B(III). PART I, LINE 3: COMPENSATION PAID TO THE ORGANIZATION'S CEO IS ESTABLISHED BY A RELATED ORGANIZATION AND INCLUDES USE OF AN INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEYS, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 SOMC TITLE HOLDING COMPANY IS ORGANIZED AS A SUBSIDIARY OF SOUTHERN OHIO MEDICAL CENTER, THE PARENT ORGANIZATION AND SOLE VOTING MEMBER FOR THE CONSOLIDATED GROUP. FORM 990, PART VI, SECTION A, LINE 7A SOUTHERN OHIO MEDICAL CENTER TITLE HOLDING COMPANY'S BOARD OF DIRECTORS ARE ELECTED BY SOUTHERN OHIO MEDICAL CENTER'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B SOUTHERN OHIO MEDICAL CENTER TITLE HOLDING COMPANY'S DECISIONS THAT ARE MADE BY THEIR BOARD OF DIRECTORS CAN BE OVERRULED BY SOUTHERN OHIO MEDICAL CENTER'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 INFORMATION IS COMPILED IN THE ACCOUNTING DEPARTMENT THEN SENT TO THE INDEPENDENT TAX ACCOUNTANTS TO ANALYZE THE INFORMATION AND COMPLETE THE TAX RETURN. THE FINAL FORM IS THEN REVIEWED BY FINANCIAL STAFF, TIED OUT TO THE TRIAL BALANCE, AND E-MAILED TO THE BOARD. IN ADDITION, THE CFO PRESENTS FORM 990 TO THE BOARD EXECUTIVE COMPENSATION COMMITTEE BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION FOLLOWS THE RELATED ORGANIZATION'S, SOUTHERN OHIO MEDICAL ASSOCIATION (SOMC), POLICY. CONFLICT OF INTEREST STATEMENTS ARE FILLED OUT ANNUALLY IN JANUARY FOR OFFICERS AND FOR NEW AND RETURNING BOARD MEMBERS. COMPLETED CONFLICT OF INTEREST STATEMENTS ARE REVIEWED BY THE AUDIT & COMPLIANCE COMMITTEE. ANY CONFLICTS ARE DOCUMENTED IN THE MINUTES AND ADDRESSED. CONFLICTS OF INTEREST ARE RAISED BY OFFICERS OR BOARD MEMBERS ONCE THEY ARE KNOWN BY THE INDIVIDUAL. BOARD MEMBERS ABSTAIN FROM VOTING IF A CONFLICT IS IDENTIFIED THAT THE BOARD MEMBER IS INVOLVED WITH DURING THE FISCAL YEAR. WE MONITOR COMPLIANCE THROUGH THE ANNUAL CONFLICT OF INTEREST SURVEY PROCESS. IT MAKES THE CONFLICT KNOWN SO SOMC CAN ENSURE THE CONFLICT IS NOT A COMPLIANCE PROBLEM. WHEN CONFLICTS ARISE WE USE THE REBUTTABLE PRESUMPTION OF REASONABLENESS PROCESS TO ADDRESS THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE RELATED ORGANIZATION, SOMC CONDUCTS THE COMPENSATION REVIEWS. ON AN ANNUAL BASIS, AN INDEPENDENT CONSULTANT, GALLAGHER/INTEGRATED HEALTHCARE STRATEGIES (IHS), PROVIDES THE BOARD COMPENSATION COMMITTEE WITH COMPARABLE DATA AND OTHER FACTS WHICH ARE USED BY THE COMMITTEE TO DETERMINE EXECUTIVE PAY PHILOSOPHY. THE INDEPENDENT CONSULTANT USES BOTH NATIONAL AND REGIONAL EXECUTIVE COMPENSATION SURVEYS FOR COMPARABLE DATA TO DETERMINE EXECUTIVE COMPENSATION RECOMMENDATIONS. THE EXECUTIVE COMPENSATION COMMITTEE REVIEWS AND DELIBERATES THE INDEPENDENT CONSULTANT'S RECOMMENDATIONS AND THROUGH CONTEMPORANEOUS SUBSTANTIATION, REACHES A DECISION THAT IS BOTH MARKET COMPETITIVE AND REASONABLE. THE DECISIONS FOR CEO AND EXECUTIVES COMPENSATION ARE DOCUMENTED IN THE BOARD COMPENSATION COMMITTEE MINUTES, AS WELL AS THE BOARD MEETING MINUTES. THIS COMMITTEE DETERMINES THE CEO'S PAY AND SETS PAY RANGES FOR THE OTHER EXECUTIVES. THE PROCESS WAS LAST UNDERTAKEN DURING 2022. FORM 990, PART VI, SECTION C, LINE 19 SOUTHERN OHIO MEDICAL CENTER TITLE HOLDING COMPANY PROVIDES ITS FINANCIAL STATEMENTS TO THE PUBLIC THROUGH ITS BOND DISCLOSURE. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC ON SOUTHERN OHIO MEDICAL CENTER'S WEBSITE. FORM 990, PART IX, LINE 11G PURCHASED SERVICES 303,759. ALLOCATED WAGES 471,400. SERVICE RECOVERY 177,816. FORM 990, PART XI, LINE 9: TRANSFER FROM SOUTHERN OHIO MEDICAL CENTER 8,602,674. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SOUTHERN OHIO MEDICAL CENTER 1248 KINNEYS LANE PORTSMOUTH OH 45662 310678022 HEALTH CARE OH 501(C)(3) LINE 3 N/A 0 SOMC MEDICAL CARE FOUNDATION INC 1248 KINNEYS LANE PORTSMOUTH OH 45662 311374523 MEDICINE AND SURGERY OH 501(C)(3) LINE 12A, I SOUTHERN OHIO MEDICAL CENTER 1 SOMC DEVELOPMENT FOUNDATION 1805 27TH STREET PORTSMOUTH OH 45662 310677520 FUNDRAISING OH 501(C)(3) LINE 12A, I SOUTHERN OHIO MEDICAL CENTER 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0