St Francis Hospital - Poughkeepsie

“St. Francis hospital has a single member, hastings health systems, inc.”

“Hastings health system, inc. As the sole member of the corporation shall elect qualified persons to the board of trustees at its annual meeting in accordance with the provisions of the organization's by-laws.”

“Hastings health system, inc. As the sole member of the corporation, shall consider the annual report of the corporation at its annual meeting, to be submitted and verified by the president and the treasurer or a majority of the trustees. The following powers are reserved exclusively to the member, and no attempted exercise of any such powers by anyone other than the member shall be valid or of any force or effect whatsoever: 1. To change the philosophy, mission, and purpose of the corporation; 2. To adopt and/or amend the certificate of incorporation; 3. To adopt and/or amend bylaws, 4. To elect the board of trustees and to remove board members with or without cause; 5. To appoint the president and chief executive officer of the organization; 6. To approve the purchase, sale, lease, mortgage or real property; to approve the purchase, sale, or gift of capital assets; 7. To approve the merger, consolidation, or affiliation of the corporation with another corporation, organization, or program; 8. To approve the dissolution of the corporation and disposition of assets.”

“The form 990 is presented annually to the audit and compliance committee for review, comment and approval. The presentation includes discussion of the compilation process, current year disclosures, overview of relevant schedules, compliance review, education regarding future changes to the form, and recommendations going forward. The board approves the form 990 for filing with the internal revenue service.”

“All members of the hospital's board of trustees, as well as all officers and employees must annually file a conflict of interest disclosure statement with the hospital's compliance officer, who shall keep a confidential file of these statements and consult with outside counsel, as necessary, concerning any potential problems or possible conflicts of interest. The compliance officer will review any disclosure (including board members and other personnel covered by this policy), consult with counsel as necessary, and determine if such financial interest or outside relationship creates a conflict of interest, is improper, or creates the appearance of a conflict of interest or of improper conduct. The compliance officer will also review the information to determine if additional disclosures or other action is necessary. Full disclosure and recommendations will then be made to the audit and compliance committee of the board of trustees as to the appropriate course of conduct or corrective action for the hospital and for the personnel involved. Once a final decision is made on how to proceed, the personnel will be instructed as to the course of action decided upon.”

“The executive committee serves as the compensation committee for during an annual evaluation of the president and ceo. The committee utilizes survey data to determine comparability for compensation. Compensation of other officers and key employees is determined by the ceo, with consultation and recommendations from the executive committee. Survey data is utilized in conjunction with the standard hospital annual employee appraisal process. Compensation decisions and reports are contemporaneously documented in the minutes of the meeting of the committee when the decisions are made.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request as deemed appropriate. General information regarding governance, compliance, and financial reporting is made available to the public on the hospital's website, through annual community benefit reports, and annual publication of the st. Francis magazine.”

“In december 2013 the organization filed for bankruptcy.”

“Net assets transferred hastings health system 2,543,513.”

“The process has not changed from the previous year.”

“The organization declared bankrupcy on january 31, 2014 and is in the process of liquidating. The return has been prepared with all available data. If new information becomes available the returns will be amended to reflect that information.”