Thomas Health System Inc

“Effective April 30, 2024, Thomas Health System was merged into the Herbert J. Thomas Memorial Hospital Association, dissolution documents were filed with the West Virginia Secretary of State.”

“West Virginia United Health System, Inc., a West Virginia nonprofit organization exempt from federal income tax pursuant to section 501c3 of the internal revenue code, is the sole member of the organization.”

“The organizations board of directors is elected by its sole member, West Virginia United Health System, Inc.”

“The organizations sole member, West Virginia United Health System, Inc. reserves all corporate powers of the organization except for items specifically listed in the organizations Articles of Incorporation.”

“The Systems finance committee is responsible for financial management of the organization. the 990 is reviewed by the organizations CFO as part of the finance committee. The 990 is then discussed with the Systems finance committee and a copy is provided to all board members before it is filed with the IRS.”

“The organization regularly and consistently monitors and enforces compliance with our written conflict of interest policy by asking annually that all trustees, officers and employees managers who have decision making/purchasing authority disclose any potential conflicts of interest. disclosure forms are signed annually then logged onto a spread sheet that identifies any potential conflicts.”

“The executive compensation committee, comprised of member who are free of any conflicts of interest, adheres to a disciplined process for reviewing compensation for senior executives to ensure that the compensation is reasonable. The committee has retained an independent consulting and advisory firm, PriceWaterhouseCoopers, to provide appropriate market data as to comparability. The committee reviews comparability data and other relevant evidence and approves the compensation of senior executives provided, however, that in the case of the CEO, the board, after review of the comparability data and other relevant evidence, including a recommendation from the committee, has the final approval with regard to the CEOs compensation. All compensation decisions, including the comparability data reviewed and any other relevant information considered, are contemporaneously documented in meeting minutes.”

“The System makes its governing documents, conflict of interest policy and financial statements available to the public upon request. These documents are maintained in the administrative offices of the hospital and are provided via copy upon request. The documents also can be reviewed on site at the hospital upon advance notice.”

“Thomas Health System, Inc. is operated exclusively for charitable and educational purposes and parent company of Herbert J. Thomas Memorial Hospital Association, Charleston Hospital, Inc. dba Saint Francis Hospital, and THS Physician Partners, Inc.”

“Thomas Health System, Inc. is the common paymaster for Herbert J. Thomas Memorial Hospital Association, Charleston Hospital, Inc. dba Saint Francis Hospital, and THS Physician Partners, Inc. the employee compensation and benefit expenses are reported on the financial statements for each entity. The total number of W-2s filed by Thomas Health System for all entities is reported on Part V, line 2a.”

“Consulting and professional fees 7,804,789 - allocated 1,937,149 to program services and 5,867,640 to management general expenses. Contract labor purchased services 2,055,195 - allocated 510,099 to program services and 1,545,095 to management general. Collection agency fees 657 - allocated 163 to program services and 494 to management general.”

“The amount reported as changes in net assets consists of 5,353,631 of extraordinary loss on early bond redemption and the transfer of all assets and liabilities to Herbert J. Thomas Memorial Hospital Association of 369,828,307.”

“Effective April 30, 2024, Thomas Health System was merged into the Herbert J. Thomas Memorial Hospital Association, dissolution documents were filed with the West Virginia Secretary of State.”