Monongahela Valley Hospital Inc

“Form 990 is reviewed in detail by the president and the chairperson of the finance committee. It is provided to the finance committee of the board of trustees for review prior to filing. The full board is then informed of the finance committee's findings and a copy is made available for their review. After the board has been given access and approves, the form 990 is filed with the internal revenue service.”

“Mandatory disclosure statements completed by all trustees, officers, key employees, and managers. These disclosure statements state that family and business relationships are potential sources of conflicts. The statements are reviewed annually by the president/ceo and the svp of finance/treasurer. Possible conflicts are investigated. Senior management maintains vigilance for other possible conflicts that may arise during the year. If a board member has a conflict, he or she will abstain from voting on the conflict. The conflict of interest policy expressly mentions family and business relationships as being potential sources of conflicts.”

“The executive compensation committee reviews data from other comparable facilities and outside organizations to determine the compensation levels of the hospital executives. Fair market value of the industry is considered when making compensation decisions. Discussions on executive compensation are documented in the committee minutes. All members of this committee are from the board of trustees and have no relationship (business or personal) to the executives reviewed. The president/ceo discusses compensation for key employees with board members before making compensation decisions.”

“Monongahela valley hospital makes our governing documents and conflicts of interest policy available upon request. The health system's annual report is published each year in december. Bondholders may access our financial data through the emma dissemination site.”

“When the organization contemplates entering into a joint venture with for profit organizations, it engages legal counsel and tax counsel to ensure that the tax exempt status of the organization is safeguarded.”

“Professional fees: program service expenses 12,881,185. Management and general expenses 819,738. Fundraising expenses 0. Total expenses 13,700,923.”

“Change in net funded pension 15,120,285. Change in net swap liability 931,539. Transfer to parent -5,118,433. Rounding -2.”

“The process for the oversight of the audit has not changed during the tax year.”