Sisters of Providence Health System Inc

“The sole member of sisters of providence health system, inc. Is catholic health east. See line 7 for additional information.”

“Catholic health east is the sole member of sisters of providence health system, inc. Catholic health east has the right to appoint all persons to the board of trustees of sisters of providence health system, inc.”

“As sole member, catholic health east must approve certain decisions of the governing body, including the strategic plan, annual capital plan, and annual operating budget. Catholic health east must also approve significant changes such as a merger, dissolution, sale of assets in excess of certain limits, a material change in mission, and modifications to governing documents.”

“Prior to filing, the form 990 for sisters of providence health system, inc. Is reviewed by senior management. In addition, certain key sections of the form are reviewed by the finance committee as well as the board of trustees. The board receives a copy of the return in its final form before it is filed with the internal revenue service.”

“Sisters of providence health system, inc. Has adopted catholic health east's policy 103, which sets forth the organization's conflict of interest policy and processes. Annually, all those serving sisters of providence health system, inc. In a fiduciary capacity, including trustees, officers, and key employees receive a copy of the policy and annual disclosure statement to be completed. Disclosures of financial interest or other reportable circumstances as defined in the policy are submitted and reviewed by the organization's ceo and board chair. Summary information is reported to the entire board and is available to the board throughout the year as business comes before the board or management for action. The policy contains a continuing affirmative obligation on all affected individuals to disclose compensation or other circumstances throughout the year which may rise to the level of an actual or apparent conflict. The determination of whether a disclosed financial or other interest constitutes a conflict of interest is made by the board or an appropriate committee thereof comprised of disinterested persons and without the participation of the affected individual except to respond to questions about the disclosure. The policy further addresses the procedure for the board's further consideration of the proposed transaction/matter without the participation of the affected person and the documentation of the proceedings. Lastly, the policy addresses potential disciplinary action for violations of the policy. The policy is available to the public upon request.”

“The compensation for sisters of providence health system inc.'s chief executive officer and chief information officer is established by catholic health east's compensation committee using one or more of the methods described in schedule j, part iii. For other employees, sisters of providence health system, inc. Has adopted catholic health east's process for determining compensation which includes the following: the board has an independent committee review and approve all elements of remuneration for all disqualified parties, as well as other key management. The board/committee has an established compensation philosophy which details the objectives of market positioning and pay elements. The committee engages with external consultants to provide market data comparing the organization's roles to similarly sized organizations utilizing both title and job content comparisons. The committee reviews the market analysis, approves any salary adjustments for the executive population, considers both reasonableness and effectiveness of all remunerative programs and establishes the detailed performance expectations which are incorporated into the incentive plan. All of these discussions and decisions are documented through the provision of meeting minutes.”

“Sisters of providence health system, inc. Is a subsidiary organization in the trinity health system. Trinity health makes certain of its key documents available to the public on its website, www.trinity-health.org, in the "about us" section. In this section, the consolidated audited financial statements are publicly available. Sisters of providence health system, inc.'s governing documents and conflict of interest policy are available upon request.”

“Pooling of interest 22,192. Equity transfers to/from affiliates -426,645. Other transactions 216,428.”

“Sisters of providence health system, inc.'s financial statements were included in the fy14 consolidated financial statements of trinity health, which were audited by an independent public accounting firm.”