Saint Mary'S Hospital Foundation Inc

“Trinity health of new england, the sole member of saint mary's hospital foundation, contracted with healthsource partners llc for the provision of interim financial management services by sean fitzpatrick to trinity health of new england and its subsidiaries. In calendar year 2023, trinity health of new england paid $105,053 to healthsource partners llc for these services. Saint mary's hospital foundation does not know how much sean fitzpatrick received as wages from healthsource partners llc in calendar year 2023.”

“The sole member of saint mary's hospital foundation is saint mary's hospital. See line 7 for additional information.”

“Saint mary's hospital is the sole member of saint mary's hospital foundation. Saint mary's hospital has the right to appoint persons to the board of directors of saint mary's hospital foundation in the case of any vacancy.”

“As sole member, saint mary's hospital must approve certain decisions of the governing body, including the strategic plan, annual capital plan, and annual operating budget. Saint mary's hospital 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 trinity health of new england, certain powers are reserved to trinity health of new england 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 of new england corporation.”

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

“Prior to filing, the form 990 for saint mary's hospital foundation is reviewed by management and senior leadership. Each member of the board is provided a copy of the return in its final form once filed with the internal revenue service.”

“Saint mary's hospital 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 saint mary's hospital foundation, which includes directors, principal officers, key employees, and members of committees with board-delegated powers. Interested persons are expected to discharge their duties in a manner the person reasonably believes to be in the best interests of saint mary's hospital 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 saint mary's hospital foundation (or a delegated committee of the board) on a yearly basis. Interested persons are required to make full disclosure to saint mary's hospital 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 saint mary's hospital foundation (or a delegated committee of the board) 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 (or a delegated committee of the board) will either avoid the conflict or appropriately scrutinize the transaction to ensure it is in the best interests of saint mary's hospital 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.”

“Questions 15a and 15b are answered "no" because the compensation for the chief development officer of saint mary's hospital foundation is established and paid by trinity health of new england, a related organization. The process for determining compensation meets the three requirements of the rebuttable presumption. The compensation arrangement is approved in advance by the organization's executive compensation committee. Prior to making any compensation decisions, the executive compensation committee obtained and relied upon appropriate data as to comparability. The committee retains an independent compensation consultant and utilizes local and national compensation surveys to set compensation levels. Finally, the executive compensation committee adequately and timely documented the basis for setting compensation concurrently with the making of the determination.”

“Saint mary's hospital 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. Saint mary's hospital foundation's governing documents and conflict of interest policy are available upon request.”

“Other transactions -890,132.”

“Saint mary's hospital foundation's financial statements were included in the fy24 consolidated financial statements of trinity health of new england and trinity health, which were both audited by an independent public accounting firm.”