Federation of American Hospitals

“There are four classes of membership: the institutional, associate, individual, and honorary membership. Except for institutional members, within each category, there are different tiers of membership.”

“Each hospital member and type c associate member are entitled to vote on matters to be voted upon by the membership pursuant to the fah bylaws or as prescribed by applicable statute or law, through each members' respective governors on the board of governors. Affiliate, type a and b associate members and all individual members, other than directors, shall have no voting rights, unless otherwise prescribed by applicable statute or law. Board members and board officers are elected by voting members.”

“Cbiz advisors, llc prepares a draft federal form 990 based upon management's financial statements and the federal form 990 questionnaire that cbiz advisors, llc presents to management. Upon receipt of the draft, the vice president, finance compares the draft federal form 990 to the financial statements and general ledger to ensure that the amounts reconcile and that all figures are reported in the areas for which they are intended. For additional review, the executive vice president, public affairs and the senior vice president and general counsel review the draft federal form 990 to identify any questions or concerns about entries on the form. Once the vice president, senior vice president and executive vice president determine the federal form 990 to be acceptable, the federal form 990 is presented to the federation's audit, ethics, compliance and administrative affairs committee (audit committee) for approval and recommendation to the board of directors. The tax accountants are given the approval to finalize the form after the board of directors approves it.”

“All board members are provided with a copy of the conflict of interest and related party transaction policy, then required to complete and sign it annually. In addition, all board members are required to report potential or actual conflicts of interest to the audit committee, through the federation's corporate secretary to the board of directors. The corporate secretary provides all written disclosures of conflicts of interest to the chair of the audit committee and the audit committee will review all conflicts of interest and determine whether to approve or ratify any such matters based on whether the committee determines that such matter is fair, reasonable, and in the best interests of the federation. All records are maintained in the federation's corporate offices by the corporate secretary.”

“The president and ceo's total compensation package is set by contract, which is negotiated by the federation executive committee sitting as the federation's compensation committee, and approved by the federation's board of directors. The compensation amounts are determined with input from a nationally reputable compensation consultant, who studies the compensation packages of the president and ceo's peer group. The last compensation review was conducted in 2021. The base compensation and annual performance bonuses for other key employees are determined by the president and ceo, with the aid of a compensation study done by the same nationally recognized compensation consultant. Special compensation arrangements for other key employees are approved by the federation's compensation committee and the federation's board of directors.”

“The federation's governing documents, conflict of interest policy and financial statements are not available to the public. However, the federation's federal form 990 is available upon request.”