Georgetown Hospital System

“The board of trustees shall designate from among its members an executive committee, which shall consist of five or more trustees, including the chairman, the vice chairman, the secretary, and the treasurer of the corporation, which executive committee, to the extent provided in a resolution to the board, shall have and exercise the authority of the board of trustees in overseeing or guiding the management of the affairs of the corporation.”

“The board of directors has entered a management agreement with quorum health resources to provide key management employees for the organization. The ceo, cfo, and coo are employees of quorum and are compensated directly by that organization. The quorum employees are accountable to the board of directors of the system.”

“The return was prepared by an outside accounting firm with the assistance and oversight of management. A representative of the accounting firm presented the return to the finance committee with management and answered questions from board members. The ceo and cfo then reviewed the form with all board members, as evidenced in the board minutes. A copy of the return was provided to each voting board member. After a discussion period, the board voted to approve the filing of the form 990 with the irs as presented. The cfo/ceo met in person with any members absent from the meeting to discuss the return.”

“The organization has a conflict of interest policy which is reviewed, accepted, and signed by each officer and voting board member on an annual basis. Pursuant to this policy, each officer and board member will recuse himself or herself from any discussions and votes for which a conflict exists. Determination of whether a conflict exists is made at a management, board member, officer, and individual level. Actual conflicts are reviewed by management and the board without the presense of the interested party.”

“The organization uses outside agencies to establish, assess the reasonableness of, review, and approve the compensation of directors and key management. The individual compensation package of each person is based on comparability factors including, but not limited to, the size of the organization, the geographical location of the organization, and the employee's length of service. Compensation is then reviewed and approved by officers of the organization. Officer compensation is approved by the board or ceo through contract negotiation with the outside managment corporation.”

“Photocopies of the form 1023 and recent filings of the form 990 are available upon request at the organization's administrative office. In addition, recent filings of the form 990 are available online at www.guidestar.org.”

“Photocopies of the organization's governing documents, conflict of interest policy, and financial statements are available upon request at the organization's administrative office.”

“Former chiefs of staff may continue to be compensated for emergency room call pay, committee pay, etc.”

“Purchased services: program service expenses 3,245,482. Management and general expenses 938,785. Fundraising expenses 0. Total expenses 4,184,267. Consulting services: program service expenses 1,507. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,507. Physician fees: program service expenses 2,178,682. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,178,682.”

“Equity transfer 34,209,899.”

“The process has not changed from the prior year.”