Torrance Health Association

“Cedars sinai health system is the sole member of torrance health association and reserves the right to approve trustees to the torrance health association board.”

“Cedars sinai health system is the sole member of torrance health association and reserves the right to approve trustees to the torrance health association board.”

“The form 990 was prepared by the organization's finance department along with our tax advisors. The form 990 was reviewed by senior management before being presented to the board of trustees. After the final review is complete, an officer of the organization signed the form 990.”

“Torrance health association's ("the association") monitoring, review, and enforcement of its conflict of interest policy rests with its nominating committee. Annually, the association sends all trustees, officers, executives, and managerial employees a copy of the association's conflict of interest policy and conflict of interest questionnaire, all trustees, officers, executives, and managerial employees are required to sign a statement that they have received and read the conflict of interest policy. Additionally, they must also complete, sign, and submit a conflict of interest questionnaire. The questionnaire inquires as to all individuals concerned with conducting, transacting or approving the business matters of the association. Once the conflict of interest questionnaires have been received back from the officers, trustees and executives, they are reviewed and summarized by the nominating committee for presentation to the executive committee. The executive committee reports any conflicts to the board of trustees with their recommendation as to the nature of the conflict that may impede the independence of the board member. If an officer, trustee, or executive is found to have a conflict, there is a process in place to prohibit this individual from participating in the deliberations and decisions in the transaction. Managerial employee's conflict of interest questionnaires are reviewed by the area vice president. Conflicts are noted and forwarded to human resources for summarization. If material conflicts exist, they are forwarded to the ceo, who together with the area vice president, resolve the issue with the manager.”

“For the tax year 2023, tha's related organization, torrance memorial medical center's board of trustees has established a compensation subcommittee (a subcommittee of the executive committee) to review and recommend the compensation and benefits of the ceo and key leadership positions of the corporation. The compensation subcommittee is responsible for periodic evaluation of the performance of the president and confers with the president concerning the president's evaluation of other executive officers. The compensation subcommittee is an entirely independent committee with respect to the transaction. The compensation subcommittee retains an outside compensation consultant to conduct periodic reviews of the total compensation of the key leadership positions (base compensation, other incentives/bonuses, and benefits) the consultants are independent and are qualified to assess executive compensation valuations. In reviewing and establishing compensation recommendations, the consultants collect background information on the size and complexity of operations and the corporation.”

“See response to part vi, line 15a”

“Federal tax laws do not mandate that the organization's governing documents be made available for public inspections. The organization makes its financial statements available upon request. The articles of incorporation are available from the california office of the secretary of state.”

“Mellor and Del Amo - Total Revenue: 7807, Related or Exempt Function Revenue: 7807, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“Other operating revenues- $1,375,873 .”

“(Expenses $ 0 including grants of $ 0)(Revenue $ 1,375,873)”

“Non Clinical Registry - Total Expense: 300764, Program Service Expense: 204758, Management and General Expenses: 96006, Fundraising Expenses: ; Prof Fees - Other - Total Expense: 4110734, Program Service Expense: 4069942, Management and General Expenses: 40792, Fundraising Expenses: ; Medical Fees - Physicians - Total Expense: 32889761, Program Service Expense: 32742243, Management and General Expenses: 147518, Fundraising Expenses: ; PS Other - Total Expense: 4435255, Program Service Expense: 3268051, Management and General Expenses: 1167204, Fundraising Expenses: ; Equipment Rental/Lease - Total Expense: 297321, Program Service Expense: 268375, Management and General Expenses: 28946, Fundraising Expenses: ; TMIPA Capitation - Total Expense: 28967319, Program Service Expense: 28967319, Management and General Expenses: , Fundraising Expenses: ; TMIPA Direct Medical Cost - Total Expense: 69949928, Program Service Expense: 69949928, Management and General Expenses: , Fundraising Expenses: ; TMIPA Physician Incentive Program - Total Expense: 4281639, Program Service Expense: 4281639, Management and General Expenses: , Fundraising Expenses: ; Other - Total Expense: 1716643, Program Service Expense: 1701293, Management and General Expenses: 15350, Fundraising Expenses: ;”

“Tmmc equity transfer - 51000000; cedars sinai equity transfer - 4374787; 3565 del amo llc k-1 tax gain (loss) - -1318; rounding - -3;”