Organizations Filed Purposes:
BH1 IS STILL COMMITTED TO ITS HISTORIC MISSION OF PROVIDING HEALTHCARE SERVICES TO NASHVILLE AND SURROUNDING COMMUNITIES. HOWEVER, ON DECEMBER 28, 2012, BH1 FILED FOR CHAPTER 11 BANKRUPTCY PROTECTION DUE TO LARGE REQUIRED UPCOMING PENSION CONTRIBUTIONS THAT IT DOES NOT HAVE THE FINANCIAL ABILITY TO MAKE. THE COMPANY'S PLAN OF LIQUIDATION WAS CONFIRMED BY THE BANKRUPTCY COURT IN DECEMBER 2013. THIS PLAN TRANSFERS ALL OF BH1'S ASSETS TO ITS CREDITORS, THE LARGEST OF WHICH IS THE PBGC, AS GUARANTOR OF MOST OF BH1'S PENSION OBLIGATIONS. BH1 WILL CEASE OPERATIONS UPON LIQUIDATION OR TRANSFER OF ITS ASSETS PURSUANT TO THE TERMS OF THE CONFIRMED PLAN.
THE ORGANIZATION IS IN THE PROCESS OF LIQUIDATING AND DISTRIBUTING ALL OF ITS REMAINING ASSETS TO THE PBGC.
BECAUSE OF THE BANKRUPTCY PROCEEDING AND LIQUIDATION, THERE WILL BE NO SERVICES LISTED (EVEN THOUGH SOME SMALL PROGRAM SERVICES REVENUE RELATED TO BWTC CASH COLLECTIONS WILL BE RECORDED ON PART VIII). THE PBGC HAD THE PENSION PLAN FOR ALL OF 2014.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Randy Starkweather | PRES,CEO,DIRECTOR,LIQUIDATION AGENT | 40 | $91,051 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/201530629349300408_public.xml