2024-11-11T17:19:27+00:00 2023-12-31 135565207 KPMG LLP 200 East Randolph Drive Suite 5500 Chicago IL 606016436 990 2023-01-01 363167726 Riverside Health System RIVE 8159331671 350 N WALL STREET KANKAKEE IL 60901 Rich Schiltz Director of Finance 8159358160 2024-11-11 true true Zeljko Popovic P01795951 3126651000 2024-11-11 2023 2024-10-15 13:58:12Z Riverside Healthcare Phillip Kambic 350 N WALL STREET KANKAKEE IL 60901 0 false X www.riversidehealthcare.org X 1982 IL The mission of Riverside Health System is to support and encourage health and human services by providing management assistance to the Riverside healthcare delivery system. 7 5 0 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 533452 533452 0 0 533452 533452 The mission of Riverside Health System is to support and encourage health and human services by providing management assistance to the Riverside healthcare delivery system. false false 0 0 0 Riverside Health System acts as an agent for Riverside Medical Center, a related tax exempt entity. All income and expenses are recorded on the books and records of Riverside Medical Center, FEIN XXX-XX-XXXX. 0 true false false false false false false false false false false false true false true false true false false false false false false false false false false false true false false false false false false false false false false false false false true true false false false true 0 0 0 false false false false false false false false false false false false X 7 5 false false false false false false false true true false false true true true true true true false false false IL X RICH SCHILTZ 8159357256 350 N WALL STREET KANKAKEE IL 60901 Harry Bond Chairman 1.0 2.0 X X 0 0 0 Harry Simmon Vice Chairman 1.0 2.0 X X 0 0 0 Patrick Martin Secretary 1.0 1.0 X X 0 0 0 Phil Kambic President/CEO 1.0 43.0 X X 0 1111991 496640 Bruce Payne Director 1.0 2.0 X 0 0 0 Saroja Yalamanchili Director 1.0 41.0 X 0 639141 50464 Tim Milner Director 1.0 2.0 X 0 0 0 Patricia K Vilt Treasurer/CFO 1.0 43.0 X 0 473551 60367 Bill Douglas Former Officer 0.0 40.0 X 0 179452 55904 0 2404134 663376 0 true true false 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 533452 533452 533452 533452 0 0 0 0 0 X 533452 533452 533452 533452 533452 533452 0 0 X false true X true false X X 3 RIVERSIDE MEDICAL CENTER 362414944 3 false 0 0 RIVERSIDE HEALTHCARE FOUNDATION 363166033 7 false 0 0 RIVERSIDE SENIOR LIVING CENTER 363670744 9 false 0 0 3 0 0 false false false false false false false false false false false false false false false true true true X true true Schedule A, Part IV, Section A, Line 1 Supported Orgs Listed By Name Riverside Health System is the sole corporate member of its supported organizations, Riverside Medical Center, Riverside Healthcare Foundation, and Riverside Senior Living Center. As the sole corporate member, Riverside Health System has the authority to elect the governing body of its supported organizations and has the authority to exercise a substantial degree of direction over the policies, programs, and activities of its supported organizations. Riverside Health System has a historic and continuous relationship with its supported organizations which has created a substantial identity of interests between them. In addition, Riverside Health System's Bylaws provides that Riverside Health System's purpose is to "sponsor, develop, promote and support the activities, programs and services of Riverside Medical Center," Riverside Healthcare Foundation, and Riverside Senior Living Center. Each of Riverside Medical Center, Riverside Healthcare Foundation, and Riverside Senior Living Center are described in §501(c)(3) and §509(a)(1) or §509(a)(2). Finally Riverside Health System's Articles of Incorporation provide that, in the event of its dissolution, all assets, after paying or making provision for the payment of liabilities, shall be distributed to Riverside Medical Center. Schedule A, Part IV, Section D, Line 3 Supp. Org. Have Significant Voice In Investment Policies the presence of common board members and officers between the supporting organization and the supported organization ensures that the supported organization has a significant voice in the supporting organization's investment policies and use of its assets. The organization's board is made up of the Chairperson of each of the supported organizations, the Vice Chairperson of Riverside Medical Center, and the President and CEO of Riverside Medical Center and Riverside Health System. Riverside Health System, Riverside Medical Center, and Riverside Senior Living Center entered into an Amended Master Trust Indenture dated November 1, 1996 which was to provide a mechanism for the efficient and economical issuance of notes by individual members of the obligated group. Riverside Medical Center and Riverside Senior Living Center became members of the obligated group by executing contribution agreements with Riverside Health System pursuant to the Master Trust Indenture. The Master Trust Indenture requires members of the obligated group to make principal and interest payments on notes issued for their benefit and to pay such amounts as are otherwise necessary to enable Riverside Health System to satisfy other obligations issued under the Master Trust Indenture. Schedule A, Part IV, Section E, Line 3a Power To Appoint/Elect Majority of Officer/Director/Trustee Riverside Health System is the sole corporate member of Riverside Medical Center, Riverside Healthcare Foundation, and Riverside Senior Living Center. As the sole corporate member, Riverside Health System has the authority to elect and/or remove, with or without cause, the directors of Riverside Medical Center, Riverside Healthcare Foundation, and Riverside Senior Living Center. Schedule A, Part IV, Section E, Line 3b Substantial Direction Over Policies/Programs/Activities Riverside Health System is the sole corporate member of Riverside Medical Center, Riverside Healthcare Foundation, and Riverside Senior Living Center. As the sole corporate member, Riverside Health System has the authority to exercise a substantial degree of direction over the policies, programs, and activities of Riverside Medical Center, Riverside Healthcare Foundation, and Riverside Senior Living Center. The board of Riverside Health System meets regularly to discuss and exercise the aforementioned degree of direction. DUE FROM RIVERSIDE MEDICAL CENTER 533452 533452 0 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote RHS and its obligated affiliates account for uncertain tax positions in accordance with ASC Subtopic 740-10, Income Taxes - Overall. ASC Subtopic 740-10 addresses the determination of how tax benefits claimed or expected to be claimed on a tax return should be recorded in the special-purpose combined financial statements. Under ASC Subtopic 740-10, RHS and its obligated affiliates must recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the special-purpose combined financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. RHS and its obligated affiliates do not have a liability for unrecognized tax benefits. RHS and its obligated affiliates are separate not-for-profit corporations as described in Section 501(c)(3) of the Internal Revenue Code (the Code) and are exempt from federal income taxes on related income pursuant to Section 501(a) of the Code. false true false false false false false false false Phil Kambic President/CEO 0 845670 0 0 0 266321 0 471624 0 25016 0 1608631 0 211933 Saroja Yalamanchili Director 0 419333 0 182566 0 37242 0 35700 0 14764 0 689605 0 5006 Patricia K Vilt Treasurer/CFO 0 408346 0 0 0 65205 0 36056 0 24311 0 533918 0 50291 Bill Douglas Former Officer 0 132451 0 46481 0 520 0 31387 0 24517 0 235356 0 46481 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation THE ORGANIZATION RELIED ON RIVERSIDE MEDICAL CENTER, A RELATED TAX EXEMPT ORGANIZATION, to establish and pay compensation of the organization's CEO. Riverside Medical Center used the following to establish reasonable compensation: A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPARABILITY DATA AND REQUIRED APPROVAL BY THE BOARD OF COMPENSATION COMMITTEE. Schedule J, Part I, Line 4b SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN THE FOLLOWING INDIVIDUALS PARTICIPATE IN A 457(F) PLAN WITH A RELATED ORGANIZATION, RIVERSIDE MEDICAL CENTER. TOTAL CONTRIBUTIONS TO THE PLAN FOR THE YEAR ENDED DECEMBER 31, 2023 ARE AS FOLLOWS: PHILIP KAMBIC - $429,324 PATRICIA K. VILT - $17,756. AMOUNTS INCLUDED IN INCOME FOR THIS PLAN FOR THE YEAR ENDED DECEMBER 31, 2023, WERE AS FOLLOWS: PHILLIP KAMBIC - $211,933, PATRICIA VILT - $50,291, BILL DOUGLAS - $46,481, Saroja Yalamanchili - $5,006. Form 990, Part VI, Line 15 COMPENSATION REVIEW The organization does not have any compensated officers or key employees, as such, these lines are not applicable and have been answered no, in accordance with the instructions to the Form 990. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS REVIEWED IN DETAIL BY THE ORGANIZATION'S MANAGEMENT. SUBSEQUENT TO THIS REVIEW, THE FORM 990 IS SUPPLIED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy The conflict of interest questionnaires are mailed to all board members annually. Each member must read and sign the form to disclose any potential conflicts for the year. If a conflict arises, the board member is made aware that they must abstain from voting on any issue related to the conflict. The process is monitored by the assistant to the CEO of Riverside Medical Center. Form 990, Part VI, Line 19 Required documents available to the public Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time. Form 990, Part VI, Line 8 Riverside Health system is the sole corporate member and parent of the Riverside Medical Center, Riverside Senior Living Center, Oakside Corporation, and Riverside Healthcare Foundation. As the sole corporate member, Riverside Health System has the authority to exercise a substantial degree of direction over the policies, programs, and activities of those organizations. The Board of Directors of Riverside Health System meets regularly to discuss and exercise that aforementioned degree of direction. RIVERSIDE MEDICAL CENTER 350 N WALL STREET KANKAKEE IL 60901 362414944 HEALTHCARE IL 501(c)(3) 3 RIVERSIDE HEALTH SYSTEM true RIVERSIDE SENIOR LIVING CENTER 350 N WALL STREET KANKAKEE IL 60901 363670744 NURSING HOME IL 501(c)(3) 10 RIVERSIDE HEALTH SYSTEM true OAKSIDE CORPORATION 350 N WALL STREET KANKAKEE IL 60901 363166804 HEALTHCARE IL 501(c)(3) Type I RIVERSIDE HEALTH SYSTEM true RIVERSIDE HEALTHCARE FOUNDATION 350 N WALL STREET KANKAKEE IL 60901 363166033 Fundraising IL 501(c)(3) 7 RIVERSIDE HEALTH SYSTEM true Riverside Ambulatory Surgery CTR LLC 300 Riverside Dr Bourbonnais IL 60914 320082320 SURGERY CENTER IL NA N/A false false false false false true false false false false false false false false false true true false false false false