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 conflict of interest policy is a board-approved policy. Conflict reporting is required through the office of the president/ceo, who reports to the board on coi-related matters. The policy applies to the organization's directors, officers, committee members, and other individuals who have or are granted the authority to vote at board or committee meetings of the organization. These individuals are required to complete an annual conflict of interest disclosure questionnaire and provide disclosure of activities undertaken between annual disclosures. Conflict of interest questionnaires are distributed annually and the office of the president or his/her designee follows up with any person who does not complete and return the questionnaire in a timely manner. All disclosures made are reviewed by the vice president of corporate integrity for completeness and to identify actual or potential conflicts of interest. The vice president of corporate integrity works with the office of the president or his/her designee to perform any necessary diligence and identify strategies for managing any identified conflicts. Management generally involves separation of the interested person from any involvement, management or decision-making with respect to the matter giving rise to the conflict, disclosure to the board of directors, and other actions to ensure the identified conflict is sufficiently addressed in a manner that ensures that the transaction that gives rise to the conflict is fair and reasonable to the organization and consistent with fair market value. In the case of a board member with an identified conflict, that board member is precluded from participating in any deliberations or decisions regarding the transaction that gives rise to the conflict.”

“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 24,041,977. Management and general expenses 827,141. Fundraising expenses 0. Total expenses 24,869,118. Other purchased services: program service expenses 1,887,685. Management and general expenses 1,695,554. Fundraising expenses 0. Total expenses 3,583,239. Repairs and maintenance services: program service expenses 1,203,465. Management and general expenses 901,087. Fundraising expenses 0. Total expenses 2,104,552. Collection agency services: program service expenses 0. Management and general expenses 1,137,591. Fundraising expenses 0. Total expenses 1,137,591. Transcription services: program service expenses 0. Management and general expenses 34,541. Fundraising expenses 0. Total expenses 34,541. Laundry and uniform services: program service expenses 420,338. Management and general expenses 6,312. Fundraising expenses 0. Total expenses 426,650. Building operating expenses: program service expenses 39,425. Management and general expenses 45,067. Fundraising expenses 0. Total expenses 84,492. Other patient care expenses: program service expenses 1,820,088. Management and general expenses 74,565. Fundraising expenses 0. Total expenses 1,894,653. Medical waste disposal: program service expenses 6,231. Management and general expenses 2,640. Fundraising expenses 0. Total expenses 8,871. Employee recruitment fees: program service expenses 119,059. Management and general expenses 0. Fundraising expenses 0. Total expenses 119,059. Facility maintenance services: program service expenses 0. Management and general expenses 4,292. Fundraising expenses 0. Total expenses 4,292.”

“Transfer from affiliates 6,397,480.”

“The hospital's financial statements were audited on a consolidated basis with its parent for fiscal year ended june 30, 2023. The oversight of the audit was performed by its parent's audit committee.”