Holy Name Ems

“Holy name medical center ("hnmc") is the sole member of this organization. Hnmc 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.”

“The organization is an affiliate within holy name medical center, inc. And subsidiaries; a tax-exempt integrated healthcare delivery system ("system"). Holy name medical center ("hnmc") is the tax-exempt parent entity of the system. This organization's federal form 990 was provided to each voting member of the organization's governing body, its board of trustees, prior to filing with the internal revenue service ("irs"). Hnmcs audit committee has assumed the responsibility to oversee and coordinate the federal form 990 preparation, review and filing process for all tax-exempt affiliates within the system. As part of the organization's federal form 990 tax return preparation process the system 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 firm's tax professionals worked closely with the systems finance personnel and various other individuals including, but not limited to, the chief financial officer, avp of finance and controller ("internal working group") 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 internal working group, including those individuals outlined above for their review. The internal working group 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 internal working group for final review and approval. Following this review, the form 990 was then provided to hnmcs audit committee and subsequently to each voting member of the organization's governing body prior to filing with the irs.”

“The organization is an affiliate within holy name medical center, inc. And subsidiaries; a tax-exempt integrated healthcare delivery system ("system"). Holy name medical center ("hnmc") is the tax-exempt parent entity of the system. The organization and 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 hnmc's chief compliance officer for review. Thereafter, the chief compliance officer prepares a summary of the completed questionnaires which contains information disclosed on an individual by individual basis which is then presented to hnmcs governance committee for its review and discussion.”

“The organization is an affiliate within holy name medical center, inc. And subsidiaries; a tax-exempt integrated healthcare delivery system ("system"). Holy name medical center ("hnmc") is the tax-exempt parent entity of the system. This filing organization itself has no paid senior management personnel receiving compensation directly from this organization. Rather, key senior management personnel, including the president/chief executive officer, are employed by hnmc. However, the compensation and benefits of the president/chief executive officer is shown on this tax return because he is a trustee and officer of this organization. Accordingly, hnmc's board of trustees has an executive compensation committee ("committee"). The committee has adopted a written executive compensation philosophy which it follows when it reviews and approves the compensation and benefits of hnmc's senior management personnel, including the president/chief executive 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 committee's review is done on at least an annual basis and ensures that the "total compensation" of senior management of the organization is reasonable. The actions taken by the committee enable the organization to 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. 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 committee is comprised of members of the board of trustees each of who are independent and are free from any conflicts of interest. The committee relied upon appropriate comparable data; specifically the committee obtained a written compensation study from an independent firm which specializes in the reviewing of hospital and healthcare 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 committee adequately documented its basis for its determination through the timely preparation of written minutes of the compensation committee meetings during which the executive compensation and benefits was reviewed and subsequently approved. The actions outlined above with respect to the committee and the establishment of the rebuttable presumption of reasonableness only applies to certain senior management personnel, including but not limited to the president/chief executive officer. The compensation and benefits of certain other individuals contained in this form 990 are reviewed annually by the president/chief executive officer with assistance from hnmc's human resources department in conjunction with the individual's job performance during the year and is based upon other objective factors designed to ensure that reasonable and fair market value compensation is paid by the organization. Other objective factors include market survey data for comparable positions, individual goals and objectives, personnel reviews, evaluations, self-evaluations and performance feedback meetings.”

“The organization's filed certificate of incorporation and any amendments can be obtained and reviewed through the state of new jersey department of the treasury.”

“Part vii and schedule j reflects a trustee/officer receiving compensation and benefits from a related organization. Please note this remuneration was for services rendered as full-time employee of the related organization and not for services rendered as a voting member or officer of the organization's board of trustees.”

“The organization is an affiliate within holy name medical center, inc. And subsidiaries; a tax-exempt integrated healthcare delivery system ("system"). Certain board of trustee members and officers included on core form, part vii and schedule j of this form 990 may hold similar positions with both this organization and other affiliates within the system. The hours shown on this form 990 for board members who receive no compensation for services rendered in a non-board capacity, represents the estimated hours devoted per week for this organization. To the extent these individuals serve as a member of the board of trustees of other related organizations in the system, their respective hours per week per organization are approximately the same as reflected on part vii of this form 990. The hours reflected on part vii of this form 990, for board members who receive compensation for services rendered in a non-board capacity, paid officers, reflect total hours worked per week on behalf of the system; not solely this organization.”

“The organization is an affiliate within holy name medical center, inc. And subsidiaries; a tax-exempt integrated healthcare delivery system ("system"). Holy name medical center ("hnmc") is the tax-exempt parent entity of the system. An independent cpa firm audited the consolidated financial statements of holy name medical center, inc. And subsidiaries, for the years ended december 31, 2015 and december 31, 2014; respectively. The audited consolidated financial statements contain consolidating schedules on an entity by entity basis. The independent cpa firm issued an unqualified opinion with respect to the audited consolidated financial statements each year. Hnmcs audit committee has assumed responsibility for the oversight of the audit of the consolidated financial statements, which includes this organization and the selection of an independent auditor.”

“Description:collection fees total fees:274166”

“Description:dispatch fees total fees:219354”

“Description:revenue sharing fees total fees:116784”

“Description:purchased services total fees:22936”

“Description:professional fees total fees:3350”