Cedars-Sinai Marina Hospital

“Cedars-sinai medical center is the sole corporate member of cfhs holdings, inc. Doing business as cedars-sinai marina del rey hospital.”

“Cedars-sinai medical center, as the sole corporate member, elects the board of directors of cedars-sinai marina del rey hospital.”

“Reserved rights of cedars-sinai medical center, the sole corporate member of cedars-sinai marina del rey hospital ("the hospital"). The following actions must be approved or acted upon by cedars-sinai medical center before becoming effective: (a) any amendment to the articles of incorporation or bylaws of the hospital; (b) any amendment to the hospital's purpose or mission; (c) any change in the membership or membership powers of the hospital or its subsidiary; (d) hiring, electing, removing, or terminating any of the officers of the hospital; (e) removal and appointment of directors of the hospital; (f) changing the number of directors on the board of directors; (g) selection and appointment of the auditors and legal counsel of the hospital; (h) any sale or other disposition of all or a substantial portion of the assets of the hospital; (i) merger, consolidation, reorganization, divestiture, affiliation, liquidation, or dissolution; (j) borrowing money and incurring indebtedness on behalf of the hospital; (k) approving the hospital's annual operating and capital budgets; (l) declaring or consenting to the filing of proceedings to declare bankruptcy.”

“The review of the form 990 involves various management personnel, including the hospital's chief financial officer, cedars-sinai medical center's executive vice-president/chief financial officer and general counsel, and a big four accounting firm. A complete, unredacted copy of the form 990 is provided to all members of the board of directors in advance of filing, allowing the entire board the opportunity to review and ask questions of management before the form 990 is filed.”

“The purpose of the conflicts of interest policy is to protect the interests of the hospital when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director of the hospital or might result in a possible excess benefit transaction. This policy is intended to supplement but not replace any applicable state laws governing conflicts of interest applicable to the hospital. Procedures: duty to disclose - in connection with any actual or possible conflict of interest, an interested person must disclose the existence of his or her financial interest and all material facts relating thereto. Determining whether a conflict of interest exists - after disclosure of the financial interest and all material facts relating thereto, and after any discussion thereof, the interested person shall leave the board or committee meeting while the financial interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. Annual statements: each director, principal officer and member of a committee must annually submit a disclosure of actual or potential conflicts to the csmc corporate integrity program. More frequent disclosure is required as warranted by activities undertaken between annual disclosures. The disclosure policy extends to family members of covered individuals as they may directly or indirectly give rise to conflicts of interest. Determination and review action levels: conflicts of interest are analyzed, reviewed, monitored and enforced through workflows reporting up to the president/ceo. All disclosures are reviewed first by the csmc vice president, corporate integrity, and the csmc general counsel, and then reviewed by the csmc corporate integrity committee. Regardless of the monitoring and enforcement path, disclosures are concluded in one of the following manners: -- no conflict exists; -- managed by disclosure; or -- managed by some other action, such as a management plan, separation from role or activity, or board review and action.”

“The hospital's chief executive officer is compensated by the hospital's sole corporate member, cedars-sinai medical center. The executive personnel committee of cedars-sinai medical center reviews and approves the chief executive officer's compensation. Since the hospital does not compensate its chief executive officer, the response to this question is no, in accordance with specific instructions from the internal revenue service.”

“The organization's audited consolidated financial statements are attached to its form 990. The conflict of interest policy and governing documents are not available to the public.”

“Medical purchased services: program service expenses 27,130,162. Management and general expenses 1,474,427. Fundraising expenses 0. Total expenses 28,604,589. Other purchased services: program service expenses 1,776,460. Management and general expenses 1,929,433. Fundraising expenses 0. Total expenses 3,705,893. Repairs and maintenance services: program service expenses 1,468,439. Management and general expenses 771,778. Fundraising expenses 0. Total expenses 2,240,217. Collection agency services: program service expenses 0. Management and general expenses 911,362. Fundraising expenses 0. Total expenses 911,362. Transcription services: program service expenses 0. Management and general expenses 83,456. Fundraising expenses 0. Total expenses 83,456. Laundry and uniform services: program service expenses 478,810. Management and general expenses 13,750. Fundraising expenses 0. Total expenses 492,560. Building operating expenses: program service expenses 36,141. Management and general expenses 24,492. Fundraising expenses 0. Total expenses 60,633. Other patient care expenses: program service expenses 1,611,606. Management and general expenses 33,341. Fundraising expenses 0. Total expenses 1,644,947. Medical waste disposal: program service expenses 5,636. Management and general expenses 2,677. Fundraising expenses 0. Total expenses 8,313. Employee recruitment fees: program service expenses 91. Management and general expenses 38. Fundraising expenses 0. Total expenses 129.”

“Transfer from affiliates 21,075,110.”

“The hospital's financial statements were audited on a consolidated basis with its parent for fiscal year ended june 30, 2022. The oversight of the audit was performed by its parent's audit committee.”