Main Line Health Homecare and Hospice

“AS PER THE ARTICLES OF INCORPORATION, THE SOLE MEMBER OF MAIN LINE HEALTH HOMECARE and HOSPICE IS MAIN LINE DIVERSIFIED SERVICES, A PA NONPROFIT CORPORATION. AS SOLE MEMBER, MAIN LINE DIVERSIFIED SERVICES HOLDS CERTAIN POWERS OF ELECTION AND APPROVAL IN CONNECTION WITH THE GOVERNING BODY OF MAIN LINE HEALTH. 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 pricewaterhousecoopers 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.”

“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. FORM 990, PART VIII Main Line Health homecare and hospice received $2.5 million in CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY (CARES) FUNDING, however, did not incur any lost revenues related to the pandemic. As a result, given the significant revenue losses at Main Line Hospitals, Inc. and Riddle memorial Hospital, The funding to Main Line Health homecare and hospice was reallocated to these facilities. FORM 990, PART IX AS A PART OF THE COVID-19 EMERGENCY RESPONSE, MAIN LINE HEALTH HOMECARE AND HOSPICE INCURRED SIGNIFICANT EXPENSES RELATED TO EMERGENCY MEDICAL CARE, TESTING, AND TRANSPORTATION; RENTED EQUIPMENT AND MODIFIED PHYSICAL SPACE FOR TESTING CENTERS; PROCURED SUPPLIES AND EQUIPMENT FOR MULTIPLE CLINICS AND HOSPITALS; AND CONTRACTED SECURITY, JANITORIAL, AND OTHER RELATED SERVICES. MAIN LINE HEALTH HOMECARE AND HOSPICE IS SEEKING A PUBLIC ASSISTANCE GRANT TOWARDS THESE COSTS UNDER A SERIES OF EMERGENCY PROTECTIVE MEASURES PROJECTS.”

“Other changes in net assets include the following: increase in the pension projected benefit obligation* (5,090,000) components of pension expense 176,739 t/r contributions 103,128 t/r investment income (22) t/r gain on sale of investments 260 t/r assets released from restrictions (73,502) ----------- (4,883,397) =========== *in accordance with statement of financial accounting standards no. 158, "employers' accounting for defined benefit pension and other postretirement plans."”