St Luke'S Cornwall Hospital

“All joint ventures have hospital representation on the respective boards to ensure that the hospital's participation in these joint venture's are in furtherance of the organization's charitable purpose and mission.”

“Montefiore health system, inc. Is the sole member of montefiore st. Luke's cornwall hospital.”

“Montefiore health system, inc., the sole member of montefiore st. Luke's cornwall hospital, has the authority to appoint and remove the members of the organization's board.”

“Montefiore health system, inc., the sole member of montefiore st. Luke's cornwall hospital, has the power to authorize and approve amendments to the certificate of incorporation and bylaws of the corporation, the appointment, termination and terms of employment of the corporate officers, authorization and approval of all budgets and plans including the operating and capital budget and strategic plans, approval of any material changes to the hospital's clinical services, the authorization and approval of managed care contracts, indebtedness, mergers, consolidations or dissolutions of the corporation and certain administrative procedures, among others.”

“The form 990 was prepared by the montefiore's tax department working closely with st. Luke's finance team and assisted by various departments throughout the health system. The form 990 was reviewed and approved by the vice-president-finance and the montefiore st. Luke's cornwall hospital senior leadership including the chief financial officer. In addition, an independent accounting firm was engaged to review the form 990. Upon completion of the various reviews, the form 990 was presented to the st luke's finance committee of the board of trustees for review and approval. Once approved by the finance committee of the board of trustees, the form 990 was provided to all members of st. Luke's governing body prior to filing.”

“The organization and the system regularly monitor and enforce compliance with its conflict of interest policy. All officers, trustees and key employees of st. Luke's cornwall hospital are required to complete an annual conflict of interest questionnaire, in their capacity as an employee of the hospital or as a board member of the hospital. Completed questionnaires are reviewed by the secretary of the board of trustees and concerns presented by the responses are disclosed to the system's compliance officer. Any potential conflicts are disclosed and reported to the system's president/ceo and the organization's finance committee for discussion and alleviation of the conflict. Documentation of the existence and resolution of the conflict, including any meeting minutes, is maintained by the secretary of the board.”

“The organization is committed to ensuring that its executive compensation program adheres to the highest standards of regulatory compliance and best corporate governance. The st. Luke's board of trustees has charged the finance committee of the board (which is comprised of independent board members with no conflicts of interest in regards to executive compensation) to serve as the executive compensation committee, responsible with making all decisions related to compensation for select senior management of the corporation. All decisions made by the executive compensation committee are appropriately and timely documented in meeting minutes. The executive compensation committee's review process follows the intermediate sanctions guidelines for qualifying for the rebuttable presumption of reasonableness. Compensation levels are established considering data for comparable organizations, an assessment of management performance (including the services provided to the community), and other business judgment factors, consistent with st. Luke's executive compensation philosophy. The committee's decisions are made in the best interest of st. Luke's, and are intended to ensure the recruitment and retention of key executive talent, consistent with the market practices of other not-for-profit healthcare organizations of comparable scope, mission and complexity. On an annual basis, the chair of the committee provides the board with a report of the committee's activities and progressions.”

“The conflict of interest policy and governing documents are made available upon request.”

“ALL OTHER - Total Revenue: 683721, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 683721;”

“TEMPORARY PERSONNEL - Total Expense: 3178725, Program Service Expense: 3178725, Management and General Expenses: , Fundraising Expenses: ; PROFESSIONAL FEES - Total Expense: 8555004, Program Service Expense: 6116985, Management and General Expenses: 2438019, Fundraising Expenses: ; PHYSICIAN FEES - Total Expense: 14816158, Program Service Expense: 14816158, Management and General Expenses: , Fundraising Expenses: ; MEDICAL PURCHASED SERVICES - Total Expense: 3596082, Program Service Expense: 3596082, Management and General Expenses: , Fundraising Expenses: ; LAB PURCHASED SERVICES - Total Expense: 2002977, Program Service Expense: 2002977, Management and General Expenses: , Fundraising Expenses: ; SECURITY - Total Expense: 2804134, Program Service Expense: , Management and General Expenses: 2804134, Fundraising Expenses: ;”

“CHANGE IN DEFINED PENSION AND OTHER POSTRETIREMENT PLAN LIABILITIES TO BE RECOGNIZED IN FUTURE PERIODS - 4782065; TRANSFER TO AFFILIATES - -3854629; FAIR VALUE OF A DERIVATIVE INSTRUMENT - -909; CHANGE IN THE BENEFICIAL INTEREST IN AN AFFILIATE FOUNDATION ENTITY - -1210777; Total - -284250;”