Finger Lakes Health Foundation

“Sole member of flhf is finger lakes regional health system (dba finger lakes health). The sole member of finger lakes health is university of rochester (ur). Finger lakes health as sole member of flhf approves: appointing/removing of directors; strategic plans; capital and operations budgets; corporation's incurrence of debt (greater than $100,000 not including any expenditure in operating/capital budgets); appointment of ceo; amendment of certificate of incorporation or bylaws; formation/dissolution of corporation or any affiliate or the corporation's participation in any joint venture arrangements; participation in demonstration project such as bundling arrangement, accountable care organizations and capitated payment plans; merger, consolidation or dissolution of corporation; sale, lease, mortgage or other disposition of all or substantially all assets of corporation; actions taken by corporation as member/shareholder of affiliate of corporation; matters/actions reserved to members of not-for-profit corporations under nys law.”

“Sole member of flhf is finger lakes regional health system (dba finger lakes health). The sole member of finger lakes health is university of rochester (ur). Finger lakes health as sole member of flhf approves: appointing/removing of directors; strategic plans; capital and operations budgets; corporation's incurrence of debt (greater than $100,000 not including any expenditure in operating/capital budgets); appointment of ceo; amendment of certificate of incorporation or bylaws; formation/dissolution of corporation or any affiliate or the corporation's participation in any joint venture arrangements; participation in demonstration project such as bundling arrangement, accountable care organizations and capitated payment plans; merger, consolidation or dissolution of corporation; sale, lease, mortgage or other disposition of all or substantially all assets of corporation; actions taken by corporation as member/shareholder of affiliate of corporation; matters/actions reserved to members of not-for-profit corporations under nys law.”

“Election and removal of directors, amendment of bylaws, certificate of incorporation amendments, are reserved to the sole member (flrhs) per bylaws.”

“The form 990 is reviewed by the administrative committee of the board prior to being filed. Any committee findings are reviewed and implemented as appropriate by management. The committee reports on this discussion to the full board.”

“The organization regularly monitors the conflict of interest policy by obtaining annual statements from directors, officers, and key employees that disclose any existing or potential conflicts of interest. The board determines whether non-voting and non-participation provisions must be observed. If so, such persons shall not vote on, nor use their personal influence on, nor participate in the discussions or deliberations with respect to the contract or transaction. Such persons shall not be counted in determining the existence of a quorum at any meeting where the contract or transaction is under discussion or being voted upon. The minutes from the meeting shall reflect the disclosure made, the vote thereon, and the abstention from voting and participation, and whether a quorum was present.”

“Compensation of officers and key employees includes a performance review as well as review of comparability data as part of the decision making process.”

“Finger lakes health foundation makes its governing documents, its conflict of interest policy and its financial statements available to the public where required by law and upon request. The organization's form 990 is provided to any individual who makes a request in person or who submits a written request. There is no charge other than a reasonable fee for copying and postage. Copies are available at the finance office as well as at the foundation office. An electronic version may be found at www.guidestar.org.”

“Change in value of interest rate swap 16,310.”

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