Saint Vincent Catholic Medical Centers

“The organization delegated control over management duties to toneykorf partners, llc. Steven korf, a shareholder in toneykorf partners, llc, is the president and chief executive officer of the organization. Mr. Korf's appointment was approved by the bankruptcy court. Compensation for steven r. Korf is paid to toney korf partners, llc for services that represent his work as the court appointed responsible officer, upon the system's emergence from bankruptcy, and as president & ceo. Amounts paid to toney korf partners, llc include ceo compensation as well as fees for other advisory services provided to the organization. The organization paid toneykorf partners, llc $1,010,100 for the services of mr. Korf as president and chief executive officer for the year ending december 31, 2024. For the year ending december 31, 2024, management fees paid to toneykorf partners, llc were $1,746,417.”

“A certificate of amendment to the organization's certificate of incorporation was filed to change the name of the organization from saint vincent catholic medical centers of new york to svcmc, inc.”

“The corporation has three members: (i) jane iannucelli, s.c., (ii) donna dodge, s.c., and (iii) margaret o'brien, s.c. In the case of the absence or inability to act of either member, the rights of such member shall be vested in, and the duties of such member shall be performed by, the administrator of the the sisters of charity of st. Vincent de paul of new york, or of the successor congregation, or other organization of such congregation. Effective october 10, 2024, the organization shall not have any members, as such term is defined under section 102(a)(9) of the new york not-for-profit corporation law (the "npcl"), consistent with section 601(a) of the npcl.”

“At the annual meeting the members shall, by unanimous vote, elect the directors for a term of three years.”

“The power to approve the following matters shall be reserved to the members and no such matter shall be performed or authorized by the corporation unless and until such approval has been granted by the members: a) the establishment or modification of the mission, purpose or philosophy of the corporation; b) the sale, lease, pledge or other disposition of real property owned by the corporation or the imposition of a mortgage on any real property owned by the corporation, to the extent required by canon law; c) the adoption, amendment or repeal of any plan of dissolution, merger or consolidation of the corporation; d) the adoption, amendment or repeal of any partnership arrangements involving the corporation that will affect the mission or religious or ethical identity of the corporation; e) the election of the president and ceo; f) any action taken by the corporation that could place catholic health care in the archdiocese of new york or diocese of brooklyn at serious risk of not being consistent with the corporation's mission, purpose or philosophy or the ethical and religious directives of the roman catholic church; g) the election of the directors of the corporation and the appointment of the chair or co-chairs of the board of directors; and h) the amendment of the certificate of incorporation of the corporation or the amendment or repeal of the by-laws of the corporation, subject to the authority granted to the board of directors.”

“The organization's form 990 is prepared by an independent accounting firm based on information provided by the organization with input from staff. The draft form 990 is subsequently reviewed by management to ensure that it is accurate and complete. A copy of the form 990 is distributed to the board. Once it is approved, it is electronically filed with the internal revenue service.”

“All employees who are considered to be "key employees" because of their ability to influence substantive business decisions (e.g. Purchase, contracts, leases, etc.) and members of the board of directors are required to annually complete a complete a conflict of interest disclosure form that is reviewed by the compliance officer. If there are any potential conflicts identified by key employees, the board of directors is informed. Once all potential conflict information is gathered, the board of directors shall make a determination whether actual conflicts exist. When a conflict is identified, corrective action shall be taken in accordance with the type and extent of conflict. In all situations, the relevant individual shall be removed or recused from any decision making related to the potential conflict. Key employees and members of the board of directors are further instructed to disclose throughout the year if any new or previously unidentified conflicts arise. A summary of all completed conflict of interest information is compiled. This summary is then circulated to all board members for their review.”

“Compensation for steven r. Korf is paid to toney korf partners, llc for services that represent his work as the court appointed responsible officer, upon the system's emergence from bankruptcy, and as president & ceo. Amounts paid to toney korf partners, llc include ceo compensation as well as fees for other advisory services provided to the organization. His appointment and compensation was initially approved by the court and by the court approved creditors committee thereafter. Since then, the ceo's compensation determination is shared with and reviewed by the board. The ceo recommends and the board approves executive bonuses levels, cola and merit increases. Performance reviews are conducted annually and together with the job descriptions are used for communicating an employee's responsibilities, evaluating performance, identifying training and development needs, and determining pay increases, if any. All employees and medical staff who are considered to be "key employees" because of their ability to influence substantive business decisions (e.g. Purchases, contracts, leases, etc.) and members of the board of directors are required to annually complete a conflict of interest disclosure form that is reviewed by the compliance officer. If there are any potential conflicts identified by key employees, the board of directors are informed. For board members, a summary of all completed conflict of interest information is compiled and circulated to all board members for their review. Additionally, management periodically performs compensation analyses to evaluate comparability of senior leadership positions.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is also posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request or by calling the organization directly.”

“Fees for steven r. Korf is paid to toney korf partners, llc for services that represent his work as the court appointed responsible officer, upon the system's emergence from bankruptcy, and as president & ceo. Amounts paid to toney korf partners, llc include fees for ceo services rendered, as well as fees for other advisory services provided to the organization.”

“Svcmc, inc., formerly saint vincent catholic medical centers of new york (the organization") is organized and shall be operated exclusively for charitable, religious, educational, and scientific purposes as defined under section 501(c)(3) of the internal revenue code of 1986, as amended (the "code"), as set forth in the corporation's certificate of incorporation, as amended from time to time. The organization came out of the catholic church's group ruling and obtained its own independent 501(c)(3) status effective october 10, 2024. The organization operates the uniformed services family health plan (usfhp), which is a tricare prime military health care option that's sponsored by the department of defense. Usfhp has provided comprehensive care for military families for over 30 years. Through the usfhp, the organization offers health care services, including wellness and disease prevention programs, disease management and continuity of care, to military families including active and retired national guard and reservists who reside in new jersey, new york city, westchester, orange, rockland, suffolk, and nassau counties, as well as eastern pennsylvania and western connecticut. A voluntary petition for relief under chapter 11 of the bankruptcy code was filed in april 2010; on june 15, 2012, a "debtor's plan" was approved.”

“Svcmc, inc., formerly saint vincent catholic medical centers of new york (the organization") is organized and shall be operated exclusively for charitable, religious, educational, and scientific purposes as defined under section 501(c)(3) of the internal revenue code of 1986, as amended (the "code"), as set forth in the corporation's certificate of incorporation, as amended from time to time. The organization came out of the catholic church's group ruling and obtained its own independent 501(c)(3) status effective october 10, 2024. The organization operates the uniformed services family health plan (usfhp), which is a tricare prime military health care option that's sponsored by the department of defense. Usfhp has provided comprehensive care for military families for over 30 years. Through the usfhp, the organization offers health care services, including wellness and disease prevention programs, disease management and continuity of care, to military families including active and retired national guard and reservists who reside in new jersey, new york city, westchester, orange, rockland, suffolk, and nassau counties, as well as eastern pennsylvania and western connecticut. A voluntary petition for relief under chapter 11 of the bankruptcy code was filed in april 2010; on june 15, 2012, a "debtor's plan" was approved.”

“Svcmc, inc., formerly saint vincent catholic medical centers of new york (the organization") is organized and shall be operated exclusively for charitable, religious, educational, and scientific purposes as defined under section 501(c)(3) of the internal revenue code of 1986, as amended (the "code"), as set forth in the corporation's certificate of incorporation, as amended from time to time. The organization came out of the catholic church's group ruling and obtained its own independent 501(c)(3) status effective october 10, 2024. The organization operates the uniformed services family health plan (usfhp), which is a tricare prime military health care option that's sponsored by the department of defense. Usfhp has provided comprehensive care for military families for over 30 years. Through the usfhp, the organization offers health care services, including wellness and disease prevention programs, disease management and continuity of care, to military families including active and retired national guard and reservists who reside in new jersey, new york city, westchester, orange, rockland, suffolk, and nassau counties, as well as eastern pennsylvania and western connecticut. A voluntary petition for relief under chapter 11 of the bankruptcy code was filed in april 2010; on june 15, 2012, a "debtor's plan" was approved.”