Valley Physician Servcies Inc.

“The organization's sole member is the valley hospital, inc.”

“The organization's sole member reserves the right to nominate, elect, remove, and approve the election of the trustees of the organization.”

“The following decisions of the organization are reserved to the organization's sole member: to determine the number of trustees on the board; to amend, revise or restate the corporation's certificate of incorporation and bylaws, and to approve all amendments or revisions to the corporation's certificate of incorporation and bylaws that may be proposed or approved by the board before they become effective; to adopt or change the mission, purpose, philosophy or objectives of the corporation; to change the legal structure of the corporation; to commit to add or the addition of another hospital or health system to the corporation; to dissolve, divide, convert or liquidate the corporation, to consolidate or merge the corporation with another corporation or entity, to sell all or substantially all of the assets of the corporation, to cause the corporation to acquire substantially all of the assets of another corporation or entity, and to approve any of the foregoing actions that are recommended by the board before such action becomes effective; to approve the annual capital and operating budgets of the corporation and any amendments thereto; to initiate and to approve the incurrence of debt by the corporation or to implement any financing strategy, including without limitation in connection with any debt issuance, capital or operating leasing transactions, and taxable and nontaxable financings; to approve the incurrence of debt by the corporation in excess of those thresholds established by the board, if such incurrence of debt is not included in the corporation's approved budgets, whether in a single transaction or a series of related transactions; to cause or direct the corporation to pay, loan or otherwise transfer such funds as are necessary to pay any outstanding indebtedness obligations, including but not limited to borrowings, guaranties, non-recourse indebtedness, leases, and derivative instruments, created or approved by the corporation; to exercise such oversight, including initiating action or approving action by the corporation, over the management, policies, disposition or encumbrance of assets, including real or personal property, of the corporation to cause or ensure compliance with terms and conditions of indebtedness obligations and financial relationships related in any manner to such indebtedness; to approve the capital expenditures by the corporation in excess of those thresholds established by the board, if such capital expenditures are not included in the corporation's approved budgets, whether in a single transaction or a series of related transactions; to approve any donation or any other transfer of the corporation's assets, other than to an affiliated entity, in excess of an amount equal to or greater than the thresholds established by the board for such corporation, unless specifically authorized in the corporation's approved budgets; to select and appoint auditors of the corporation; to initiate and approve strategic plans and mission statements of the corporation; to initiate and approve investment policies and capital campaigns of the corporation; to initiate and approve the closure or relocation of a licensed health care facility of the corporation; to initiate and approve the formation of subsidiaries of the corporation; to approve the corporation's acquisition of controlling interests in organizations or businesses outside of the corporation's approved strategic plan; to the extent not expressly set forth above, to direct or require the corporation to take any other lawful acts or actions with respect to the corporation's business, affairs, management, properties or activities that the sole member may direct.”

“The form 990 is prepared by an outside accounting firm. It is reviewed by management and the audit committee of valley health system. A complete copy of the form 990 is made available to all members of the organization's governing body prior to filing.”

“The valley health system has a conflict of interest policy which covers all controlled organizations within the health system, including this organization. The policy requires all trustees, officers, and members of committees with board delegated powers, to annually sign a conflict of interest statement, disclosing any potential conflicts which may exist. Such persons are also required to disclose any potential conflicts as they arise. Conflicts are determined by the board of trustees or delegated committee considering the proposed transaction or arrangement. Persons with conflicts of interest must not participate in the discussion or vote on the related matter.”

“The organization's officers are compensated by a related entity, valley health system, which uses a compensation committee, comparability data, and board approval for determining compensation. This process was last undertaken in 2022.”

“The organization makes its financial statements, conflict of interest policy, and governing documents available upon request.”

“Collection agency: program service expenses 0. Management and general expenses 12,326. Fundraising expenses 0. Total expenses 12,326. Agency fees: program service expenses 302,244. Management and general expenses 0. Fundraising expenses 0. Total expenses 302,244. Temporary help: program service expenses 1,211,151. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,211,151. Dictation service: program service expenses 125. Management and general expenses 0. Fundraising expenses 0. Total expenses 125. Consultants: program service expenses 82,645. Management and general expenses 1,100,397. Fundraising expenses 0. Total expenses 1,183,042. Medical fees: program service expenses 10,172. Management and general expenses 108,500. Fundraising expenses 0. Total expenses 118,672. Contracted services: program service expenses 1,059,977. Management and general expenses 124,711. Fundraising expenses 0. Total expenses 1,184,688. Valley hospital contracted services: program service expenses 0. Management and general expenses 19,192,535. Fundraising expenses 0. Total expenses 19,192,535. Valet parking services: program service expenses 471,540. Management and general expenses 0. Fundraising expenses 0. Total expenses 471,540.”

“Change in assets held by foundation 115,753.”

“The organization has a committee responsible for the oversight of its financial statements and the selection of an independent accountant. The process has not changed from the prior year.”