West Jersey Health System Workers Compensation Trust

“In connection with the coordinated approach of the entities as a health care system all account payable transactions are conducted by virtua west jersey health system, inc. (21-0634532).”

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

“Worker's comp trust adopts the policies of virtua health, inc. Regarding monitoring and enforcing a conflict-of-interest policy. Worker's comp trust requires that each trustee, officer, key employee, and member of a committee with board-delegated powers, shall 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 complies with legal requirements relative to making available its 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 certifications),or upon request.”