Sturdy Health Inc

“Members or stockholders sturdy health foundation, inc. (f/k/a sturdy memorial foundation, inc.), a massachusetts charitable corporation, acting through its board of directors, is the sole member of sturdy health, inc.”

“Members of stockholders who may elect members of the governing body the trustees shall be elected by the members at the annual meeting of the corporation. The term of office for each trustee shall be one (1) year. Any vacancy caused by resignation or removal of a trustee shall be filled by the member.”

“Decisions subject to approval all matters involving real property, including without necessary limitation, sales, leases, and purchases, shall first require approval of the member acting through the board of directors of sturdy health foundation, inc.”

“Form 990 review process the form 990 is prepared by sturdy memorial's tax providers, grant thornton, using information provided by management upon completion of the annual independent audit. The information provided is the responsibility of the cfo and the sturdy fiscal services department. The return is reviewed by grant thornton, the controller and cfo. Prior to filing the form 990 with the internal revenue service, the complete form and all schedules are provided to every board member and any questions are answered.”

“Conflict of interest policy monitoring and enforcement sturdy health, inc. Is an affiliate of sturdy memorial hospital, inc. And follows the hospital's conflict of interest policy. All leadership and board members complete and sign an annual conflict of interest disclosure statement. The statement requires disclosure of any outside interests in any business, outside activity, gifts, or entertainment that may have influenced the respondent. In addition, these signed statements are reviewed by the integrity officer and any potential conflicts are addressed and resolved. The integrity officer discusses disclosed potential conflicts with employee and or officer of the corporation, so that they understand what constitutes an inappropriate business activity. Gifts that create a conflict of interest must be returned. Individuals with documented conflicts must abstain from any decision making specific to the identified area. An annual report is prepared and provided to the hospital's president and ceo as well as board of managers. This comprehensive report includes all integrity compliance issues as well as any newly identified conflicts of interest.”

“Process for determining compensation sturdy health, inc.'s executive director and officers are sturdy memorial hospital employees. The corporation's sole member, sturdy memorial foundation, has an executive committee that makes compensation decisions for the hospital's ceo (sturdy health director) and other senior managers. Compensation decisions for the organization's executive directors and officers are made through the executive committee. The executive committee consist solely of members who do not have conflict of interest with regards to compensation matters. The board utilizes an independent outside consultant to determine executive compensation. The consultant presents national and regional comparability data for similar organizations. The data includes comprehensive salary and benefits information for the executive director and key employees including comparison of base pay, incentive pay, benefits, and total compensation. The executive committee reviews the comparative data for the executive director and treasurer (hospital cfo) and votes to approve their compensation. The ceo uses comparative market data to determine proposed base pay compensation increases and potential incentive pay for all other senior managers and presents this to the executive committee for their consideration. The executive committee reviews all relevant information and votes to accept the recommendations of the ceo for senior manager pay. All data presented, as well as compensation deliberations and votes, are documented in the executive committee minutes. The most recent compensation study was performed in september of 2022.”

“How documents are made available to the public sturdy health, inc. Makes available copies of its by-laws, the conflict of interest policy of sturdy memorial hospital, inc. And financial statements to the public upon request.”

“Employees reported on form w-3 sturdy memorial hospital is the common paymaster for sturdy health, inc. Form w-3 is filed under sturdy memorial hospital's employee identification number, therefore sturdy health, inc. Does not file a w-3. The total number of sturdy health, inc. Employees is 624, which is listed on line 2.”

“Equity transfer from affiliate 2,190,454.”