Garnet Health

“Except as otherwise prohibited by the npcl, the executive committee may exercise the powers of the board of directors, provided such action is not inconsistent with the provisions of the gh certificate of incorporation, the by-laws, or any law or statute governing gh. Any action taken by the executive committee shall be reported fully to the board of directors at the next regular or special meeting of the board.”

“The form 990 is reviewed by an independent accounting firm. The final draft return is reviewed by members of executive management, the corporate compliance officer, and the audit and compliance committee of the board of directors. A copy of the form 990 is provided to all voting members of the board of directors prior to submission to the internal revenue service.”

“Garnet health's conflict of interest (coi) policy applies to all management personnel (inclusive of directors, managers, and supervisors), board members, and all employees who are in a position to influence any substantive business decision by gh or any entity controlled by gh. The conflicts policy requires all management and covered employees to read and understand the policy and review it at least annually in order to be alert to situations that could create a conflict of interest or otherwise be contrary to policy. They are also required annually to sign a conflicts policy disclosure form. The corporate compliance officer monitors the coi disclosures and presents any conflicts to the board audit and compliance committee so that any identified individual with a potential conflict is recused from participating in the consideration or determination of the matter. A summary of the coi disclosures is produced for the board, as are annual updates to the coi policy.”

“Compensation for the gh president/ceo is determined utilizing a compensation committee made up of independent members of the executive committee of the board with input from an independent compensation consultant who reviews compensation surveys, studies and market data. These surveys include healthcare systems with comparable net revenue and geographic regions. A full review of all executive team salaries, including the president/ceo was performed in 2023 for the 2024 calendar year by a compensation consultant (sullivan cotter) and presented to the gh compensation committee. Any changes in compensation were reviewed and approved by the committee and documented in the committee minutes.”

“Compensation for the key employees is determined utilizing a compensation committee made up of independent members of the executive committee of the board with input from an independent compensation consultant who reviews compensation surveys, studies and market data. These surveys include healthcare systems with comparable net revenue and geographic regions. A full review of all executive team salaries, including the president/ceo was performed in 2023 for the 2024 calendar year by our compensation consultant (sullivan cotter) and presented to the gh compensation committee. These positions included ceo - ghmc-catskills & vp of operations - gh, chief financial officer, chief medical officer, chief development officer & foundation president of gh, chief hr officer, chief clinical transformation officer, chief legal officer & general councel, president & chief medical officer of ghd, chief information officer, chief strategic planning officer, chief clinical officer and chief nursing officer. Any changes in compensation were reviewed and approved by the committee and documented in the committee minutes.”

“Once a request is made for the gh form 990 or governing documents, a copy is sent to the requesting party through the administration office of garnet health medical center. A summary of the conflict of interest policy is available via the garnet health medical center website in the code of ethical conduct document and corporate compliance plan document. A copy is available on request. The organization was included in consolidated financial statements for the tax year. These statements are kept on file in the finance department at garnet health.”

“EQUITY TRANSFER TO RELATED PARTY - GARNET HEALTH MEDICAL CENTER - CATSKILLS - -394984; EQUITY TRANSFER FROM RELATED PARTY - GARNET HEALTH MEDICAL CENTER - 329658; EQUITY TRANSFER TO RELATED PARTY - GARNET HEALTH DOCTORS PC - -142911; EQUITY TRANSFER TO RELATED PARTY - GARNET HEALTH URGENT CARE PC - -32420; Total - -240657;”