Joint Township District Memorial Hospital

“A copy of form 990 is provided to the board-designated committee for their review prior to filing. The board-designated committee will report their review and approval of form 990 to the full board of directors. A paper copy of the form 990 was made available to all board members for their independent review prior to filing.”

“The conflict of interest policy covers all board members, officers, and managers of grand lake health system. Annually, these individuals, as well as, new board members when they first join, provide the president of the corporation an updated listing of all businesses or other organizations of which he or she is a trustee, officer, director, member, partner, owner, general manager, substantial shareholder, employee or for which he or she acts as an agent. When a conflict of interest is identified the determination is made and discussed openly at the board level. The individual is then prohibited from participating in the board's deliberations and decisions.”

“The salary amount for the president is reviewed and approved by a related entity's, joint township district memorial hospital, board executive committee. The executive committee uses the ohio hospital association's annual chief executive officer compensation survey, arthur j. Gallagher & co. (an independent compensation consultant), annual national healthcare leadership compensation survey, other 990's filed by other hospitals, and input from the board of trustees, and board executive committee to determine the president's salary. The board chair writes a memo to the director of financial services. Documentation regarding the president's salary and record keeping regarding deliberations is kept by the board executive committee. Salary amounts for officers and other key employees are reviewed and approved by the president. The president references the oha compensation salary survey. The president is approved by the board of directors to perform this process. Furthermore, the president is completely independent from all officers and key employees. This process was last completed in december 2023.”

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

“The mission of joint township district memorial hospital is to optimize the health status of those we serve by providing the highest quality, value and service while remaining financially strong.”

“Hospital contracted labor: program service expenses 12,648,796. Management and general expenses 2,246,287. Fundraising expenses 3,655. Total expenses 14,898,738. Other contracted physician fees: program service expenses 8,031,835. Management and general expenses 1,366,280. Fundraising expenses 0. Total expenses 9,398,115. Family practice physician fees: program service expenses 1,708,758. Management and general expenses 31,080. Fundraising expenses 0. Total expenses 1,739,838.”

“Capital contribution in jtd family practice, inc. -8,246,765. Difference between book and tax pass through income 215,205.”

“The finance committee assumes responsibility for the oversight of the audit and the selection of the independent accountant. This process has not changed from the prior year.”