Mercy Hospital Cadillac Foundation

“The sole member of mercy hospital cadillac foundation is trinity health-michigan. See line 7 for additional information.”

“Trinity health-michigan is the sole member of mercy hospital cadillac foundation. Trinity health-michigan has the right to appoint all persons to the board of directors of mercy hospital cadillac foundation.”

“As sole member, trinity health-michigan must approve certain decisions of the governing body, including the strategic plan, annual capital plan, and annual operating budget. Trinity health-michigan must also approve significant changes such as a merger, dissolution, sale of assets in excess of certain limits, and modifications to governing documents. As the parent of the national trinity health system, certain powers are reserved to trinity health corporation. These include the authority to adopt or modify the organization's governing documents, to approve major changes such as a merger or dissolution, and to approve significant finance matters in excess of certain limits established by trinity health corporation.”

“Line 8b is answered "no" because mercy hospital cadillac foundation had no committees with authority to act on behalf of the governing body.”

“Prior to filing, the form 990 for mercy hospital cadillac foundation is reviewed by management. Each member of the board receives a copy of the return in its final form before it is filed with the internal revenue service.”

“Mercy hospital cadillac foundation has adopted trinity health's governance policy no. 1, which sets forth the organization's conflict of interest policy and processes. It applies to all "interested persons" of mercy hospital cadillac foundation, which includes directors, principal officers, and key employees. Interested persons are expected to discharge their duties in a manner the person reasonably believes to be in the best interests of mercy hospital cadillac foundation and to avoid situations involving a conflict of interest. On an annual basis, interested persons are required to complete a conflict of interest disclosure statement and to affirm their receipt of the conflict of interest policy, compliance with its requirements, and agree to notify the organization of changes impacting their annual disclosure in accordance with the policy. The annual disclosures are provided to the integrity and compliance officer, who collaborates with internal legal counsel to assess the conflict and identify a conflict management plan when necessary. Additionally, the integrity and compliance officer along with legal counsel prepares a report for the board chair and ceo. A summary of potential conflicts is reviewed with the board of directors of mercy hospital cadillac foundation on a yearly basis. Interested persons are required to make full disclosure to mercy hospital cadillac foundation of any financial or business interests that might result in or have the appearance of a conflict of interest. The board of directors of mercy hospital cadillac foundation is responsible for the review of transactions to determine whether an actual conflict of interest exists. In the event of an actual conflict, the board will either avoid the conflict or appropriately scrutinize the transaction to ensure it is in the best interests of mercy hospital cadillac foundation. Interested persons are required to recuse themselves from discussion and voting on matters involving a conflict of interest. The policy further addresses the proper documentation of the proceedings and potential disciplinary and corrective action for violations of the policy. The policy is available to the public upon request.”

“Question 15a is answered "no" because no compensation is paid to the chair of the board of directors, the top management official of mercy hospital cadillac foundation. Question 15b is answered "no" because the compensation of certain board members of mercy hospital cadillac foundation is established by trinity health-michigan or munson healthcare, which are related organizations. In establishing the compensation of key executives, trinity health follows a process and policy that is intended to mirror the irc section 4958 guidelines for obtaining a "rebuttable presumption of reasonableness" with regard to compensation and benefits. As part of that process, the compensation and benefits of the key executives of trinity health-michigan are reviewed at least annually by the trinity health board or the trinity health human resources and compensation committee (hrcc) of the board, authorized to act on behalf of the board with respect to certain compensation matters. As part of its review process, the hrcc retains an independent firm experienced in compensation and benefit matters for not-for-profit health care organizations to advise it in the determinations it makes on the reasonableness of proposed compensation and benefits arrangements. For other executives who are not part of the rebuttable presumption process, trinity health-michigan uses a market analysis to determine the appropriateness of the executive's compensation. The process for determining appropriate levels of pay for executive positions within munson healthcare system is carefully and thoughtfully directed by the munson healthcare board of directors through the compensation and executive leadership development committee. The committee utilizes "best practices" methods of determining compensation and, as such, is composed of seven members whose voting members are independent. The committee is charged with ensuring that executive compensation is designed to attract and retain high quality, professional leadership while maintaining strong stewardship for the organization. Annually, the committee retains a national independent consultant to ensure that munson healthcare's compensation practices and levels are independently reviewed while being competitive and reasonable. The munson healthcare conflict, valuation and compliance (cvc) committee also reviews the survey information to evaluate the reasonableness of executive compensation. That analysis occurs each november. Compensation levels reflect the scope of each executive's responsibilities, educational background, experience, and industry standing as well as individual and organizational performance. Annual compensation for munson healthcare system executives is determined, in part, by measurable progress toward the organization's goals, including continued improvement in clinical qualify, community health, and operational efficiencies. Munson healthcare's intent for executive base compensation is to be at the median when compared to like-size non-profit hospitals and health care systems.”

“Mercy hospital cadillac foundation is a subsidiary organization in the trinity health system. Trinity health makes certain of its key documents available to the public on its website, www.trinity-health.org, in the "about us" section. In this section, the consolidated audited financial statements are publicly available. Mercy hospital cadillac foundation's governing documents and conflict of interest policy are available upon request.”

“Decrease in investment deferred revenue -617,256.”

“Mercy hospital cadillac foundation's financial statements were included in the fy24 consolidated financial statements of trinity health, which were audited by an independent public accounting firm.”