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 $62,985 in FEDERAL EMERGENCY MANAGEMENT AGENCY (FEMA) FUNDING. The following PARAGRAPH relates to activity in the prior fiscal year: In the fiscal year ending June 30, 2020, Main Line Health Homecare and Hospice received $2,525,794 in CARES funding from the Department of Health and Human Services. During this time frame, Main Line Health System and its Affiliates have used this funding to offset lost revenues in conjunction with the COVID-19 pandemic. As Main Line Health Homecare and Hospice's CARES funding exceeded its lost revenues over this time frame, Main Line Health Homecare and Hospice reallocated these dollars to Main Line Hospitals, Inc, and Riddle Hospital (both affiliates), which incurred significantly higher lost revenues. This reallocation of funds was specifically allowed under the usage guidelines provided by the Department of Health and Human Services. As a result, Main Line Health Homecare and Hospice did not record any CARES Revenue in the fiscal year ending June 30, 2020. FY20 CARES FUNDING RECEIVED $2,525,794 FY20 CARES FUNDING REALLOCATED TO MAIN LINE HOSPITALS, INC. (1,984,769) FY20 CARES FUNDING REALLOCATED TO RIDDLE HOSPITAL (541,025) ----------- FY20 CARES REVENUE RECORDED $0 =========== 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: decrease in the pension projected benefit obligation* 9,791,000 components of pension expense 410,000 t/r contributions 118,617 t/r investment income 38 t/r gain on sale of investments 1,280 t/r assets released from restrictions (144,993) ----------- 10,175,942 =========== *in accordance with statement of financial accounting standards no. 158, "employers' accounting for defined benefit pension and other postretirement plans."”