Mary Washington Healthcare Group Return

“Management completes a draft of the internal revenue service (irs) form 990 information return for mary washington healthcare and its subsidiaries. This draft is submitted to the finance committee of the organization's board of trustees. The form 990 and underlying information are presented to and reviewed by this committee. If the contents of the 990 return are deemed accurate and acceptable by the committee, this body recommends acceptance of the return by the full board of trustees. The form 990 return is subsequently presented to and reviewed by the organization's board of trustees. If deemed accurate and acceptable the board accepts the return through a formal motion. As part of this process, the draft return is posted on the board's website where it remains available for review even after formal acceptance by the board. The form 990 return is also available to members of the board of trustees as well as the general public on mary washington healthcare's website (www.marywashingtonhealthcare.com).”

“Every trustee and executive is required to disclose any and all conflicts. The disclosures are made annually and submitted to the mary washington healthcare chief compliance officer (cco). The cco presents all conflicts to the enterprise risk management committee of the board of trustees. The chairman of the enterprise risk management committee reports all conflicts to the full board. Conflicts are continually and actively managed. At each meeting, the chair asks if anyone at the meeting has a conflict to disclose. Individuals with conflicts disclose their conflicts and the related topic. The individual then recuses him/herself from any decision related to that topic. The conflict of interests policy is reviewed annually by the board of trustees.”

“Mary washington healthcare utilizes an executive compensation committee with the purpose and authority to establish processes to ensure fair and commercially reasonable compensation for the ceo and executive leadership. In order to ensure compensation paid is set at fair market value, the executive compensation committee utilizes compensation survey data, form 990 information from comparable health systems, and the services of an independent compensation consultant. Such independent third party data points provide assurance that executive compensation is commercially reasonable and at a fair market value.”

“The audited financials statements are posted on the mary washington healthcare website for public view.”

“Contract personnel: program service expenses 37,435,690. Management and general expenses 2,931,613. Fundraising expenses 68,741. Total expenses 40,436,044. Consulting services: program service expenses 61,720,252. Management and general expenses 4,833,353. Fundraising expenses 113,334. Total expenses 66,666,939. Billing and collection services: program service expenses 10,227,515. Management and general expenses 800,923. Fundraising expenses 18,780. Total expenses 11,047,218. Asp services: program service expenses 36,294. Management and general expenses 2,842. Fundraising expenses 67. Total expenses 39,203. Maintenance services: program service expenses 9,826,567. Management and general expenses 769,525. Fundraising expenses 18,044. Total expenses 10,614,136. Storage services: program service expenses 111,617. Management and general expenses 8,741. Fundraising expenses 205. Total expenses 120,563. Waste disposal: program service expenses 1,446,748. Management and general expenses 113,296. Fundraising expenses 2,657. Total expenses 1,562,701. Management contracts: program service expenses 34,248,962. Management and general expenses 2,682,058. Fundraising expenses 62,890. Total expenses 36,993,910.”

“Uncollected pledges 3,809,302. Elimination of equity for consolidated entities 12,198,981. Relief from affiliate loans 13,785,358. Mary washington hospital auxilliary equity new addition to group -111,596.”

“The companies in the group return are included in the consolidated audited financial statements of mwhc. Responsibility for oversight of the audit and selection of auditors rests with the finance committee of the board of trustees.”

“No entity within the group files w-2s with the irs. All payroll is paid through an agency agreement with mary washington healthcare.”

“Abbreviations: mwhc - mary washington healthcare mpi - medicorp properties, inc. Mwhc clinical - mary washington healthcare clinical services, inc. Mwhc services, inc. - mary washington healthcare services, inc. Medidoctors h.c. - medidoctors holding company”

“Mary washington hospital and mary washinton hospital foundaton file separate 990t's related to unrelated business income.”