Riddle Health Care Services

“As per the articles of incorporation, the sole member of riddle health care services is riddle memorial hospital, a pa nonprofit corporation. As sole member, the organization holds certain powers of election and approval in connection with the governing body of riddle health care services. These powers are presented in detail in the company's governing documents which the company makes available to the public upon request.”

“The form 990 is prepared in conjunction with pwc us tax llp and reviewed internally by management. It is then sent to the board of trustees for their review. The form 990 is reviewed at a meeting of the board of trustees prior to filing.”

“Annual conflicts of interest statements are required to be completed by all trustees, officers, directors, and other interested persons. Any conflict arising are referred to the legal department for resolution. If deemed necessary or advisable, conflicts may be referred to the full board for resolution.”

“The process for determining the compensation paid to the ceo, top management officials and key personnel of the organization is as follows: the human resources and compensation committee of the main line health board, using the services of an independent executive compensation consulting firm and both national and regional healthcare delivery market comparable compensation data, is responsible for the evaluation and determination of senior executive benefits and compensation for the ceo, evp and chief financial officer, hospital presidents, and senior vice presidents. After review and deliberation, the committee documents its compensation decisions and reports to the full main line health board of governors. The compensation paid to key personnel of main line health system and affiliates is similarly determined using market survey data representing comparable positions in similar organizations as provided by independent consulting firms. Compensation recommendations at this level are reviewed and recommended by mlh compensation function to members of senior management.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.”

“After filing the fy23 forms 990, main line health system and affiliates conducted a system-wide analysis of how it reports compensation of key employees for purposes of form 990. As a result, main line health system and affiliates determined that it had been over-reporting key employees on its prior forms 990. Beginning with the fy24 form 990 and going forward, main line health system and affiliates is limiting its reporting of key employees to follow the key employee responsibility test outlined in the form 990 instructions.”

“The officers devote their time to all of the organizations within main line health system and, as such, the total hours worked by the officers, across all of the organizations, cumulatively represent their full-time employment status.”

“OTHER CHANGES IN NET ASSETS INCLUDE THE FOLLOWING: Other Changes in Pension Liability* 30,000 TRANSFER FROM BRYN MAWR REHABILITATION HOSPITAL 1,200,000 ----------- 1,230,000 =========== *IN ACCORDANCE WITH STATEMENT OF FINANCIAL ACCOUNTING STANDARDS NO. 158, "EMPLOYERS' ACCOUNTING FOR DEFINED BENEFIT PENSION AND OTHER POSTRETIREMENT PLANS."”