Civic Intelligence

Cooper Health System Workers Comp Trust

990 • Fiscal year 2012 • EIN 22-6409235

Jan 01, 2012 to Dec 31, 2012 • Filed on Nov 11, 2013

One Cooper PlazaSuite08103
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

94th percentile

1.41x

Higher debt load relative to assets than 94% of similar nonprofits.

2012 filings • NTEE E • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

39th percentile

0.5%

Faster asset growth than 39% of similar nonprofits.

2012 filings • NTEE E • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$729,676

Up $3,742 (+0.5%) from 2011

Net Assets

Up

-$301,878

Up $146,032 (+33%) from 2011

Liabilities

Down

$1,031,554

Down $142,290 (-12%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$712,664

Down $215,555 (-23%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$2.0M$0-$2.0MAssets 2010: $715,559Liabilities 2010: $1,346,663Net Assets 2010: -$631,1042010Assets 2011: $725,934Liabilities 2011: $1,173,844Net Assets 2011: -$447,9102011Assets 2012: $729,676Liabilities 2012: $1,031,554Net Assets 2012: -$301,8782012Assets 2013: $727,060Liabilities 2013: $2,540,990Net Assets 2013: -$1,813,9302013Assets 2014: $730,086Liabilities 2014: $1,070,621Net Assets 2014: -$340,5352014Assets 2015: $734,529Liabilities 2015: $520,014Net Assets 2015: $214,5152015

Highlighted filing

2012

Assets$729,676
Liabilities$1,031,554
Net Assets-$301,878

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2010: $1,364,5372010Expenses 2011: $928,2192011Expenses 2012: $712,6642012Revenue 2013: $1,207,785Expenses 2013: $2,713,920Net Income 2013: -$1,506,1352013Revenue 2014: $1,726,430Expenses 2014: $247,308Net Income 2014: $1,479,1222014Revenue 2015: $1,085,323Expenses 2015: $524,611Net Income 2015: $560,7122015

Highlighted filing

2012

Revenue-
Expenses$712,664
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Nov 11, 2013
Return Version
2012v2.1
Gross Receipts
$1,021,235
Mission and Program Overview

Mission

The organization provides workers compensation insurance coverage to employees of the cooper health system, a related internal revenue code section 501(c)(3) tax-exempt organization, which provides medically necessary healthcare services to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin, religion or ability to pay.

Filing and Contact Details

Filer

EIN
22-6409235
Raw XML AppendixShowing 400 of 608 raw XML fields

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IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0THIS ORGANIZATION DOES NOT HAVE ANY PAID EMPLOYEES; ALL COMPENSATION TO OFFICERS AND TRUSTEES REPORTED ON PART VII OF THE FORM 990 WAS PAID BY A RELATED ORGANIZATION, THE COOPER HEALTH SYSTEM. COOPER HEALTH SYSTEM UNDERTAKES A THOROUGH PROCESS TO ENSURE THAT THE EXECUTIVE COMPENSATION IT PAYS TO ITS TOP MANAGEMENT OFFICIALS IS REASONABLE GIVEN THE MARKET IN WHICH THE ORGANIZATION OPERATES. COOPER HEALTH SYSTEM CHECKS THE FOLLOWING BOXES FOR QUESTION 3 ON ITS FORM 990: COMPENSATION COMMITTEE INDEPENDENT COMPENSATION CONSULTANT FORM 990 OF OTHER ORGANIZATIONS COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OF COMPENSATION COMMITTEE
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IRS990ScheduleO/GeneralExplanation/Explanation0COOPER HEALTH SYSTEM IS THE SOLE MEMBER OF THIS ORGANIZATION. COOPER HEALTH SYSTEM HAS THE RIGHT TO ELECT THE MEMBERS OF THIS ORGANIZATION'S BOARD OF TRUSTEES AND HAS CERTAIN RESERVED POWERS AS DEFINED IN THIS ORGANIZATION'S BYLAWS.
IRS990ScheduleO/GeneralExplanation/Explanation1THE ORGANIZATIONS FEDERAL FORM 990 WAS MADE AVAILABLE TO EACH VOTING MEMBER OF THE ORGANIZATION'S GOVERNING BODY (ITS BOARD OF TRUSTEES) PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE (IRS). Prior to providing a copy of the Form 990 to each member of the governing body, the organization's Form 990 was provided to the organization's audit and ethics committee of the board of trustees of the Cooper Health System for review by its members. The bylaws of the board of trustees provide that this committee of the board review the annual federal tax return prior to filing. AS PART OF THE TAX RETURN PREPARATION PROCESS, THE ORGANIZATION HIRED A PROFESSIONAL CPA FIRM WITH EXPERIENCE AND EXPERTISE IN BOTH HEALTHCARE AND NOT-FOR-PROFIT TAX RETURN PREPARATION TO PREPARE THE FEDERAL FORM 990. THE CPA FIRMS TAX PROFESSIONALS WORKED CLOSELY WITH THE ORGANIZATIONS FINANCE PERSONNEL AND OTHER SENIOR MANAGEMENT MEMBERS OF THE ORGANIZATION AND THE SYSTEM TO OBTAIN THE INFORMATION NEEDED IN ORDER TO PREPARE A COMPLETE AND ACCURATE TAX RETURN. THE CPA FIRM PREPARED A DRAFT FEDERAL FORM 990 AND FURNISHED IT TO THE ORGANIZATIONS FINANCE PERSONNEL AND OTHER SENIOR MANAGEMENT MEMBERS FOR THEIR REVIEW. THE ORGANIZATIONS FINANCE PERSONNEL AND OTHER SENIOR MANAGEMENT MEMBERS REVIEWED THE DRAFT FEDERAL FORM 990 AND DISCUSSED QUESTIONS AND COMMENTS WITH THE CPA FIRM. REVISIONS WERE MADE TO THE DRAFT FEDERAL FORM 990 WHERE NECESSARY AND A FINAL DRAFT WAS FURNISHED BY THE CPA FIRM TO THE ORGANIZATIONS FINANCE PERSONNEL AND OTHER SENIOR MANAGEMENT MEMBERS FOR FURTHER REVIEW AND APPROVAL PRIOR TO THE FORM 990 PRESENTATION TO AND REVIEW BY THE MEMBERS OF THE COOPER HEALTH SYSTEM AUDIT AND ETHICS COMMITTEE.
IRS990ScheduleO/GeneralExplanation/Explanation2THE ORGANIZATION IS AN AFFILIATE IN THE COOPER HEALTH SYSTEM (SYSTEM). THE ORGANIZATION AND THE SYSTEM REGULARLY MONITOR AND ENFORCE COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. ANNUALLY, ALL MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS AND SENIOR MANAGEMENT PERSONNEL ARE REQUIRED TO REVIEW THE EXISTING CONFLICT OF INTEREST POLICY AND COMPLETE A QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES ARE RETURNED TO THE DIRECTOR OF COMPLIANCE AND REVIEWED WITH INTERNAL AUDIT, THE FINANCE DEPARTMENT, AND GENERAL COUNSEL. BOTH DATA AND A SUMMARY ARE PRESENTED TO THE SYSTEMS AUDIT AND ETHICS COMMITTEE FOR THEIR REVIEW AND DISCUSSION. THE ORGANIZATIONS COMPLIANCE AND LEGAL DEPARTMENTS HAVE DEVELOPED PROCESSES TO REVIEW AND PRESENT POTENTIAL CONFLICTS TO THE AUDIT AND ETHICS COMMITTEE.
IRS990ScheduleO/GeneralExplanation/Explanation3THE ORGANIZATION IS AN AFFILIATE IN A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM. THIS FILING ORGANIZATION ITSELF HAS NO PAID SENIOR MANAGEMENT PERSONNEL RECEIVING COMPENSATION DIRECTLY FROM THIS ORGANIZATION. RATHER, KEY SENIOR MANAGEMENT PERSONNEL ARE EMPLOYED BY THE TAX-EXEMPT HOSPITAL WITHIN THE HEALTHCARE SYSTEM. HOWEVER, THE COMPENSATION AND BENEFITS OF THESE INDIVIDUALS ARE SHOWN ON THIS TAX RETURN BECAUSE THEY ARE ALSO EITHER OFFICERS OR BOARD MEMBERS OF THIS ORGANIZATION. ACCORDINGLY, THE HOSPITAL'S BOARD OF TRUSTEES HAS AN EXECUTIVE COMMITTEE ("COMMITTEE") AND AN INDEPENDENT AUDIT AND ETHICS COMMITTEE THAT ARE CHARGED BY THE BOARD OF TRUSTEES WITH REVIEWING EXECUTIVE COMPENSATION AND OBTAINING AN INDEPENDENT COMPENSATION SURVEY AND REASONABLENESS OPINION FOR COMPARISON, RESPECTIVELY. THE COMMITTEE, IN ACCORDANCE WITH COOPERS BYLAWS AND BENEFITS, POLICIES AND PLANS, EVALUATES AND APPROVES COMPENSATION AND BENEFITS OF THE ORGANIZATIONS SENIOR MANAGEMENT INCLUDING THE PRESIDENT/CHIEF EXECUTIVE OFFICER, CHIEF OPERATING OFFICER AND CHIEF FINANCIAL OFFICER. THE COMMITTEE REVIEWS THE "TOTAL COMPENSATION" OF THE INDIVIDUALS WHICH IS INTENDED TO INCLUDE BOTH CURRENT AND DEFERRED COMPENSATION AND ALL EMPLOYEE BENEFITS, BOTH QUALIFIED AND NON-QUALIFIED. THE COMMITTEES REVIEW IS DONE ON AT LEAST AN ANNUAL BASIS AND ENSURES THAT THE "TOTAL COMPENSATION" OF SENIOR MANAGEMENT OF THE ORGANIZATION IS REASONABLE. WE BELIEVE THAT THE ACTIONS TAKEN BY THE COMMITTEE IN CONJUNCTION WITH THE AUDIT AND ETHICS COMMITTEE ENABLE THE ORGANIZATION THE RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS FOR PURPOSES OF INTERNAL REVENUE CODE SECTION 4958 WITH RESPECT TO THE TOTAL COMPENSATION OF CERTAIN MEMBERS OF THE SENIOR MANAGEMENT TEAM, INCLUDING THE PRESIDENT/CHIEF EXECUTIVE OFFICER, CHIEF OPERATING OFFICER AND CHIEF FINANCIAL OFFICER. THE THREE FACTORS WHICH MUST BE SATISFIED IN ORDER TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS ARE THE FOLLOWING: 1. THE COMPENSATION ARRANGEMENT IS APPROVED IN ADVANCE BY AN AUTHORIZED BODY OF THE APPLICABLE TAX-EXEMPT ORGANIZATION WHICH IS COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT, 2. THE AUTHORIZED BODY OBTAINED AND RELIED UPON APPROPRIATE DATA AS TO COMPARABILITY PRIOR TO MAKING ITS DETERMINATION, AND 3. THE AUTHORIZED BODY ADEQUATELY DOCUMENTED THE BASIS FOR ITS DETERMINATION CONCURRENTLY WITH MAKING THAT DETERMINATION. THE AUDIT AND ETHICS COMMITTEE IS COMPRISED ENTIRELY OF MEMBERS WHO ARE INDEPENDENT AND ARE FREE FROM ANY CONFLICT OF INTEREST. THE AUDIT AND ETHICS COMMITTEE RETAINS AN INDEPENDENT COMPENSATION SURVEY FIRM TO PROVIDE A WRITTEN COMPENSATION STUDY OF RANGES OF EXECUTIVE SALARIES BASED ON COMPARABLE HEALTHCARE ORGANIZATIONS. THE AUDIT AND ETHICS COMMITTEE ENSURES THE INDEPENDENCE OF THE SURVEY FIRM AND ITS REPORT, REVIEWS THE REPORT, WHICH INCLUDES THE RANGES RECOMMENDED BY THE INDEPENDENT FIRM BASED UPON MARKET DATA, AND FOLLOWING THIS REVIEW, THE AUDIT AND ETHICS COMMITTEE, AS APPROPRIATE, RECOMMENDS TO THE EXECUTIVE COMMITTEE THAT THE SALARY RANGES DOCUMENTED BY THE INDEPENDENT COMPENSATION SURVEY FIRM BE USED AS RANGES TO DETERMINE ACTUAL COMPENSATION TO SENIOR MANAGEMENT. THE EXECUTIVE COMMITTEE EVALUATES PERFORMANCE OF EXECUTIVES, INCLUDING PRESIDENT/CHIEF EXECUTIVE OFFICER, CHIEF OPERATION OFFICER AND CHIEF FINANCIAL OFFICER. THE EXECUTIVE COMMITTEE RELIES UPON THE APPROPRIATE COMPARABLE DATA AS ACCEPTED BY THE AUDIT AND ETHICS COMMITTEE, WHICH IS A WRITTEN COMPENSATION STUDY AND REASONABLENESS OPINION FROM AN INDEPENDENT FIRM WHICH SPECIALIZES IN THE REVIEWING OF HOSPITAL AND HEALTH CARE SYSTEM EXECUTIVE COMPENSATION AND BENEFITS THROUGHOUT THE UNITED STATES. THIS STUDY USED COMPARABLE GEOGRAPHIC AND DEMOGRAPHIC MARKET DATA, INCLUDING, BUT NOT LIMITED TO, SIMILAR SIZED HOSPITALS, # OF LICENSED BEDS AND NET PATIENT SERVICE REVENUE. THE EXECUTIVE COMMITTEE ADEQUATELY DOCUMENTS ITS BASIS FOR IT
IRS990ScheduleO/GeneralExplanation/Explanation4THE ORGANIZATION'S TRUST AGREEMENT AND CONFLICT OF INTEREST POLICY CAN BE REQUESTED FROM MANAGEMENT. THE ORGANIZATION DOES NOT HAVE STANDALONE AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990, Part VI, Lines 6, 7a & 7b
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part VI, Line 11
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990, Part VI, Line 12
IRS990ScheduleO/GeneralExplanation/Identifier3Form 990, Part VI, Line 15
IRS990ScheduleO/GeneralExplanation/Identifier4Form 990, Part VI, Line 19
IRS990ScheduleO/GeneralExplanation/ReturnReference0Members or Stockholders
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990 Review Process
IRS990ScheduleO/GeneralExplanation/ReturnReference2Conflict of Interest Policy
IRS990ScheduleO/GeneralExplanation/ReturnReference3Process for determining compensation
IRS990ScheduleO/GeneralExplanation/ReturnReference4Document availability to the public
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