Virtua - West Jersey Health System Inc

“Virtua health, inc. Is the sole corporate member.”

“The virtua-west jersey governance committee of the board of trustees makes recommendations for new membership and the virtua health, inc. Board of trustees gives the final approval.”

“The chairs of the various committees of virtua-west jersey present their recommendations on significant matters to the full virtua health, inc. Board of trustees for their approval.”

“The form 990 is reviewed by in-house counsel, external tax consultants, and the board of trustees. A final copy of form 990 is provided to the virtua board prior to filing.”

“Virtua-west jersey adopts the policies of virtua health, inc. Regarding monitoring and enforcing a conflict-of-interest policy. Virtua-west jersey requires each trustee, officer, key employee and member of a committee with board-delegated powers to annually sign a statement in which they agree to comply with the conflict-of-interest policy. The board of trustees is responsible for ensuring that periodic reviews of operations are conducted so that the organization operates in a manner consistent with its charitable purposes and does not engage in activities that could jeopardize its status as an organization exempt from federal income tax. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of his or her financial interest and must be given the opportunity to disclose all material facts to the trustees and members of committees with board-delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining trustees or committee members shall decide if a conflict of interest exists. If it is determined that one does exists, the conflict is either mitigated, if possible, or the person is removed from the board.”

“Virtua-west jersey does compensate some of its executives; but majority of the executives receive compensation from virtua health, inc. (ein 22-3524939), a related entity. See schedule j, part iii (reference to schedule j, part i, line 3) for a description of the manner in which virtua health, inc. Utilizes to determine the compensation paid to the executives.”

“Virtua complies with legal requirements relative to making available it's governing documents and conflict of interest policy. Financial statements are posted on the virtua health website at https://www.virtua.org/about/financial-information and also are available through the repository websites emma (electronic municipal market access system) and dac (digital assurance certification), or upon request.”

“One or more of the officers, directors, trustees, and key employees in part vii had transactions related to the `collateral assignment split dollar' (casd) program offered by virtua health, inc. All transactions related to this program were between the individual and virtua health, inc. (ein 22-3524939). Therefore, all part x and schedule l reporting related to these transactions were reported on virtua health's return.”

“Some of the officers are compensated by virtua health, inc. (ein 22-3524939), a related organization. Some officers devote 40 hours a week to virtua health, inc. The amount of time devoted to related organizations is dependent upon their involvement in those organizations. As a result, the total average hours per week for each officer and key employees may vary. No board member is paid for trustee services, rather the compensation disclosed is related to the individuals' provision of services to the filing organization or a related organization.”

“-trustee and officer changes in the third quarter of 2023, virtua-west jersey adopted revised bylaws, resulting in the dissolution of its mirror board structure with its parent company. As part of this transition, some trustees and officers of virtua west jersey are employees of the parent organization. These individuals will be reported as "former" on form 990 for the required five-year disclosure period. These individuals were dennis w. Pullin who was listed as 'trustee and 'officer' in 2023, and robert m. Segin and lauren rowinski who were listed as 'officer' in 2023. -key employee designation prior to 2023, virtua-west jersey identified key employees for form 990 reporting based on a system-wide (global health system) perspective rather than on an entity-specific basis. As a result, certain individuals were reported as key employees across multiple form 990 filings. To better align with irs form 990 instructions, virtua-west jersey revised its methodology in 2023 and now determines key employee status on an entity-by-entity basis, based on the entity employing the individual. Only those who meet the criteria as key employees for virtua-west jersey are now disclosed in part vii. Former key employees will continue to be reported on the appropriate form 990s for the required five-year period. John m. Matsinger and lisa c. Ferraro were listed as 'key employee' in 2022.”

“Virtua-west jersey health system, inc. ("virtua-west jersey") is a not-for-profit, tax-exempt corporation. Virtua-west jersey owns and operates a 600 licensed bed health system that includes two general acute care hospitals, which are located in marlton, and voorhees, new jersey. Virtua-west jersey provides general health care services to residents within its geographic location for a wide range of inpatient and outpatient services, including medical, surgical, cardiac, obstetrical, gynecological, oncological, pediatric, emergency, and ambulatory care. Virtua-west jersey owns and operates facilities in berlin and camden, new jersey, which provides emergent care and other outpatient services. Statistics for the year 2024: - hospital admissions: 39,352 - patient days: 158,212 - same day surgery cases: 12,347 - emergency department visits: 130,210 - outpatient visits: 449,195 - observation cases: 10,485”

“Professional fees: program service expenses 44,680,088. Management and general expenses 648,351. Fundraising expenses 0. Total expenses 45,328,439. Outside services: program service expenses 2,221,020. Management and general expenses 10,252. Fundraising expenses 0. Total expenses 2,231,272. Agency: program service expenses 17,950,387. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,950,387. Outside services contracted: program service expenses 37,346,238. Management and general expenses 1,115,313. Fundraising expenses 0. Total expenses 38,461,551.”

“The amount reported on line 20 is the organizations' allocated amount of total bond issuance. The total bond issuance is reported by virtua health, inc. On schedule k (tax id #22-3524939).”

“Transfer with affiliates - vhrcb 76,313. Transfer with affiliates - vhrcmh 113,363. Transfer with affiliates - cns 1,283,671. Temporary restricted transfer with affiliates virtua 209,692. Transfer with affiliates - virtua medical group -120,719,560. Transfer with affiliates - lourdes cardiology services pc -13,507,129. Vhf - restricted gift expenses released from restriction -95,532.”