2024-11-11T17:18:47+00:00 2023-12-31 135565207 KPMG LLP 200 East Randolph Drive Suite 5500 Chicago IL 606016436 990 2023-01-01 363166804 Oakside Corporation OAKS 8159331671 350 N Wall Street Kankakee IL 60901 Patricia Vilt CFO 2024-11-11 true Zeljko Popovic P01795951 3126651000 2024-11-11 2023 2024-10-15 13:58:12Z Philip Kambic 350 N Wall Street Kankakee IL 60901 5657938 false X n/a X 1982 IL To further the establishment, maintenance, and provision of a broad range of human services to individuals, institutions, and organizations that emphasize the treatment and prevention of disabling conditions. 7 5 0 5 0 0 0 2431170 2697972 443422 599667 164981 131877 3039573 3429516 0 0 958947 205526 0 0 1902313 3006948 2861260 3212474 178313 217042 36054153 32086948 8366707 3080918 27687446 29006030 To further the establishment, maintenance, and provision of a broad range of human services to individuals, institutions, and organizations that emphasize the treatment and prevention of disabling conditions, including but not limited to rehabilitation education programs, specialized information services and referral systems, and such treatment and rehabilitative programs or facilities as are licensed to operate. Oakside provides care to patents and residents who meet certain criteria under its charity care policy without charge or at amounts less than their established rates. Patients are treated without regard to their ability to pay for such services. false false 2956376 2829849 Oakside Corporation provides the area's only medically based Health Fitness Center that integrates fitness, wellness and rehabilitation. The Health Fitness Center provides a medically based approach to addressing the three main components of a healthy lifestyle: nutrition, exercise, and stress management. The Health Fitness Center offers a wide range of programs and services for individuals of all ages swim lessons for all ages, childcare for members, family fitness, family swim, a warm water therapy pool, land and aquatic fitness classes for adults and seniors, fitness equipment, indoor track, racquetball courts, wellness management, massage, nutritional services and a Parkinson's exercise program. The Health Fitness Center also has the Riverside Diabetes Wellness Center and Riverside Pediatric Therapy services on site. 24416 Oakside Corporation provides building rental to Riverside Medical Center to Further its mission. 2956376 true false false false false false false false false true false false false 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 false false false true 1 0 true 0 false false false false false false false false false false false false X 7 5 false true false false true true true 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 Vice Chairman 1.0 2.0 X X 0 0 0 Harry Simmon Secretary 1.0 2.0 X X 0 0 0 Patrick Martin Chairman 1.0 1.0 X X 0 0 0 Phil Kambic President/CEO 1.0 40.0 X X 0 1111991 496640 Bruce Payne Director 1.0 2.0 X 0 0 0 Saroja Yalamanchili Director 1.0 40.0 X 0 639141 50464 Tim Milner Director 1.0 2.0 X 0 0 0 Patricia K Vilt Treasurer/CFO 1.0 40.0 X 0 473551 60367 Bill Douglas Former Officer 0.0 40.0 X 0 179452 55904 0 2404134 663376 0 true true false Power Wellness Management LLC 851 Oak Creek Dr Lombard IL 60148 Management Services 166966 1 0 Health Fitness Center 713940 2673556 2673556 Rental Income - Affiliates 531120 24416 24416 0 0 0 0 2697972 686201 686201 0 0 1930784 31076 2048394 31076 -117610 0 -86534 -86534 280829 148952 131877 131877 0 0 0 0 0 3429516 2829849 0 599667 0 0 0 0 186107 158712 27395 319 272 47 15660 13355 2305 3440 2934 506 1320433 1122368 198065 27780 27780 178403 178403 0 0 114459 114459 125478 125478 664364 664364 1794 1794 37251 37251 335221 335221 79098 79098 Equipment Repairs/Maintenance 79063 79063 Bank Fees 41273 41273 Subscriptions 2331 2331 0 0 0 0 3212474 2956376 256098 0 6893754 3222714 4270 25621 0 0 2084275 2090491 50418 49824 108977 108426 20058298 10515960 9580326 9542338 17332133 17047534 0 0 0 0 36054153 32086948 7033214 1738338 188235 235446 1145258 1107134 0 0 0 8366707 3080918 27687446 29006030 27687446 29006030 36054153 32086948 217042 1101542 0 X false true X true false X X 1 Riverside Medical Center 362414944 3 false 0 0 1 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 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X false false false false false false false false false false false false false false false true false 0 0 0 0 0 0 Schedule A, Part IV, Section A, Line 1 Supported Orgs Listed By Name Oakside Corporation's amended Articles of Incorporation and Amended Bylaws, designate its supported organizations by class or purpose as follows: to promote support, directly or indirectly, by donation, loan, loan guarantee, pledge or otherwise, the interests and purposes of organizations which provide health care, education or research, or which conduct activities in support of health care, education or research, and which fall within the categories of §501(c)(3) and §509(a)(1) or §509(a)(2) of the Internal Revenue Code." Moreover, Oakside Corporation's Amended Bylaws state that its purpose is to aid, assist, and confer benefits upon Riverside Health System ("RHS") and any of its affiliates as necessary and appropriate. Oakside Corporation's supported organization, Riverside Medical Center ("RMC"), is an organization described in §501(c)(3) and §509(a)(1) and an obligated affiliate of RHS, as RHS is RMC's sole member that appoints RMC's board. Oakside Corporation also has a historic and continuous relationship with RMC that has created a substantial identity of interests between the two organizations. 5925631 5925631 9264180 6773184 2490996 1479628 1214835 264793 3372560 2527941 844619 16299 16299 9542338 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 3 Delegation of management duties Power Wellness Management LLC was contracted to perform the daily management of the organization beginning September 2022. The duties of Power Wellness Management LLC include the following: -Financial Services - including annual operations budget creation and monthly reporting. -Business systems - including all aspects of member account management and daily operations. -Programming - Including the development and implementation of all ancillary and virtual programming, assessment development and implementation, and communication with Medical Advisory Committee (MAC) facilitated by Power Wellness team. -Equipment procurement - including fitness equipment and Fit Shop inventory. -Sales and customer service support. -Marketing - including analytics and market statistics as well as the creation of collateral. Environmental Services - including management of in-house and third-party teams, coordinating with the Riverside facilities team as appropriate. -Human resources, employee education and legal support - including recruitment and management of onboarding, as well as employee support. -Risk Management - including support, incident reporting and credential management, along with the facilitation of the medical fitness association facility certification and additional trainings. -Communications and best practices - including benchmarking and networking with power wellness management's national network. -Information systems - including support for all applications and employees who utilize them, life cycle management and budgeting. -medical fitness program integration - including the facilitation of the MAC, software services, EHR system integration and deployment of medically integrated and general member programs with outcomes reporting. Power Wellness Management LLC does not compensate any of the individuals listed on Part VII, Section A. Form 990, Part VI, Line 6 Classes of members or stockholders THE SOLE CORPORATE MEMBER OF OAKSIDE CORPORATION, A TAX-EXEMPT ORGANIZATION, IS RIVERSIDE HEALTH SYSTEM. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body AS THE SOLE CORPORATE MEMBER, RIVERSIDE HEALTH SYSTEM, A RELATED TAX-EXEMPT ORGANIZATION, HAS THE AUTHORITY TO ELECT AND/OR REMOVE DIRECTORS OF THE ORGANIZATION. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders ACTION ON THE FOLLOWING MATTERS IS RESERVED EXCLUSIVELY TO THE ORGANIZATION'S SOLE CORPORATE MEMBER, RIVERSIDE HEALTH SYSTEM, PROVIDED THAT THE CORPORATION MAY, AT ITS OPTION, INITIATE OR MAKE RECOMMENDATIONS TO THE MEMBER WITH RESPECT TO ANY OF THE FOLLOWING MATTERS: (A) ELECT AND REMOVE, WITH OR WITHOUT CAUSE, THE DIRECTORS OF THE CORPORATION; (B) ELECT AND REMOVE THE PRESIDENT OF THE CORPORATION; (C) ADOPT, AMEND, RESTATE OR REPEAL THE ARTICLES OF INCORPORATION AND BYLAWS OF THE CORPORATION; (D) AUTHORIZE THE CORPORATION TO ENGAGE IN, OR ENTER INTO ANY TRANSACTION PROVIDING FOR THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ASSETS OF THE CORPORATION OUTSIDE THE RIVERSIDE HEALTH SYSTEM D/B/A RIVERSIDE HEALTHCARE CORPORATE STRUCTURE IN EXCESS OF FIVE PERCENT (5%) OF ITS ASSETS, AS DEFINED IN THE CORPORATE BOND INDENTURE, IN ANY TWELVE (12) MONTH PERIOD. (E) ADOPT A PLAN OF DISSOLUTION OR LIQUIDATION OF THE CORPORATION AND DISTRIBUTION OF ITS ASSETS; (F) ADOPT A PLAN OF MERGER, CONSOLIDATION OR CORPORATE REORGANIZATION INVOLVING THE CORPORATION OTHER THAN IN THE ORDINARY COURSE OF HEALTH CARE OPERATIONS; (G) AUTHORIZE ANY TRANSACTION WHICH WOULD RESULT IN A CHANGE IN OWNERSHIP OR CONTROL OF THE CORPORATION; (H) APPROVE THE APPOINTMENT OF AN INDEPENDENT AUDITOR OR THE ADOPTION OF ACCOUNTING POLICIES AND INVESTMENT GUIDELINES; (I) ADOPT CAPITAL AND OPERATING BUDGETS OF THE CORPORATION; (J) ADOPT AND EXECUTE A STRATEGIC PLAN OF THE CORPORATION; (K) INCUR INDEBTEDNESS IN EXCESS OF THE LIMITS ESTABLISHED BY THE MEMBER FROM TIME TO TIME; (M) AUTHORIZE ANY CAPITAL EXPENDITURES IN EXCESS OF LIMITS ESTABLISHED BY THE MEMBER FROM TIME TO TIME; (N) AUTHORIZE ANY DONATION OF ASSETS OF THE CORPORATION IN EXCESS OF LIMITS ESTABLISHED BY THE MEMBER FROM TIME TO TIME; (O) AUTHORIZE SALE, TRANSFER, ENCUMBRANCE OR OTHERWISE DISPOSE OF ANY REAL PROPERTY OR INTEREST THEREIN OR THE PURCHASE OF ANY REAL ESTATE; (P) ORGANIZE OR ACQUIRE, OR AUTHORIZE THE ORGANIZATION OR ACQUISITION OF ANY SUBSIDIARY OR AFFILIATE OF THE CORPORATION ("AFFILIATE" SHALL INCLUDE ANY CORPORATION, ASSOCIATION, PARTNERSHIP, TRUST, JOINT VENTURE, OR OTHER ENTITY DIRECTLY OR INDIRECTLY CONTROLLING, CONTROLLED BY, OR UNDER COMMON CONTROL WITH THE CORPORATION); (Q) ESTABLISH POLICY GUIDELINES AND CRITERIA FOR IMPLEMENTATION OF THE CORPORATION'S MISSION AND PERIODICALLY REVIEW AND AMEND THE MISSION STATEMENTS. (R) APPROVE ANY POLICY BY THE CORPORATION OR ANY ACTION TAKEN BY THE CORPORATION AS TO INITIATION, DEFENSE, OR SETTLEMENT OF LEGAL OR ADMINISTRATIVE ACTIONS IN EXCESS OF SUCH AMOUNTS AS SHALL BE ESTABLISHED PURSUANT TO CORPORATE POLICY. (S) MODIFY COMPENSATION AND BENEFIT POLICIES, WITH THE EXCEPTION OF THOSE INVOLVING THE PRESIDENT/CHIEF EXECUTIVE OFFICER, WHICH ARE SOLELY THE RESPONSIBILITY OF THE MEMBER'S EXECUTIVE COMMITTEE 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, officers and key employees annually. Each member must read and sign the form to disclose any potential conflicts for the year. If a conflict arises with a board member, 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 X, Line 20 Tax-exempt bonds OAKSIDE CORPORATION IS PART OF AN OBLIGATED GROUP THAT HAS BEEN ISSUED VARIOUS TAXEXEMPT BONDS SINCE DECEMBER 2002. THE LIABILITIES REPORTED ON THE ORGANIZATION'S BALANCE SHEET HAVE BEEN ALLOCATED SPECIFICALLY TO THIS ORGANIZATION BUT THE SCHEDULE K IS FILED BY THE SOLE CORPORATE MEMBER, RIVERSIDE MEDICAL CENTER, A RELATED TAXEXEMPT ORGANIZATION. Form 990, Part VI, Line 15 Process to establish compensation The top management official, other officers, and key employees are compensated by Riverside Medical Center (RMC), a related tax exempt organization, therefore lines 15a and 15b have been answered "no" in accordance with the instructions to the Form 990. The following process is undertaken by RMC: Riverside Medical Center's executive total compensation program is governed by the executive committee of the board of directors. The committee is comprised of independent members of the system board who have no personal interest in any executive compensation transactions. The committee governs the system's executive total compensation program for all positions at the level of Vice president, and above. Each year the committee engages an independent compensation consultant to assist in determining appropriate compensation of the organization's top management official. In setting the top management official's compensation, the executive committee relies on recent independent compensation studies that provide compensation data for similarly qualified persons in comparable organizations to support its decision-making process. The committee follows all steps required by the internal revenue service (IRS) to qualify for the safe harbor under the intermediate sanctions regulations. The committee adequately documents its compensation determinations and deliberations regarding compensation in the minutes on a timely basis. This process was last undertaken in 2023. Riverside Health System 350 N Wall Street Kankakee IL 60901 363167726 Parent IL 501(c)(3) Type III-FI NA false Riverside Medical Center 350 N Wall Street Kankakee IL 60901 362414944 Healthcare IL 501(c)(3) 3 Riverside Health System false Riverside Senior Living Center 350 N Wall Street Kankakee IL 60901 363670744 Nursing Home IL 501(c)(3) 10 Riverside Health System false Riverside Healthcare Foundation 350 N Wall Street Kankakee IL 60901 363166033 Fundraising IL 501(c)(3) 7 Riverside Health System false Riverside Ambulatory Surgery CTR LLC 300 Riverside Dr Bourbonnais IL 60914 320082320 SURGERY CENTER IL NA N/A false false false false false false false false false false false true false false true true true true true false false