Virtua Health Inc.

“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 board prior to filing.”

“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.”

“Executive compensation is determined using market data and performance criteria. The compensation committee of the board, which is composed entirely of independent trustees with no conflicts of interest, reviews data from an independent human resources consulting firm, including benchmarks by job title, market trends, and competitive analysis. The committee establishes the salaries for the ceo and executive vice presidents. It also reviews and approves the salary recommendation by the ceo for all vice presidents. Each year the committee receives a reasonableness opinion confirming the appropriateness of the salary recommendations.”

“The organization's governing documents and conflict of interest policy were not made available to the public. Financial statements are available through the repository websites emma (electronic municpal market access system) and dac (digital assurance certification), or upon request.”

“The organization maintains a written document retention policy.”

“Some officers and key employees 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.”

“All accounts payable transactions are paid by virtua - west jersey health system, inc. (21-0634532)”

“Pension adjustment -8,534,806. Net asset transfer - community nursing services -37,667. Net asset transfer - virtua retail -1,172,594. Net asset transfer - vhrcmh -2,131,408. Net asset transfer - vmg -24,593,451. Net asset transfer - vhrcb -146,569. Net asset transfer - summit aco -2,724,038. Net asset transfer - mhbc -52,493. Net asset transfer - wjhs -91,807. Net asset transfer - lifewell wt -26,038. Net asset transfer - wt fitness center -1,310. Net asset transfer - moorestown fitness center -1,709. Investment in sub 4,792,572.”

“The organization has an audit and compliance committee to provide oversight of virtua health's financial, operational and compliance efforts with quarterly reports to the virtua health board of trustees. The committee reviews and approves financial information presented by the external auditors, internal audit plans, and systems of internal controls implemented by management. The committee is responsible for engaging external auditors. The committee also provides oversight of virtua health's compliance program.”