Lima Memorial Joint Operating Company

“The members are lima memorial hospital and ph ventures, inc., whose sole member is promedica health system, both ohio nonprofit corporations.”

“The audit committee of the board reviews and approves the form 990, and a copy of the form 990 is provided to the board, prior to filing. This process has not changed from the prior year.”

“Each trustee, principal officer, and member of a committee with board-delegated powers shall annually sign a statement which affirms that such person: 1) has received a copy of the conflicts of interest policy; 2) has read and understands the policy; 3) has agreed to comply with the policy; and 4) understands that the corporation is a charitable organization and that in order to maintain its federal tax exemption, it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. If the board or committee has reasonable cause to believe that a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the response of the member and making such further investigation as may be warranted in the circumstances, the board or committee determines that the member has in fact failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“The process for determining the organization's ceo, other officers and key employees' compensation includes: 1) review and approval by the compensation committee; 2) the utilization of an independent compensation consultant; 3) comparable data; and 4) contemporaneous documentation. This process was last completed in 2022.”

“The governing documents, conflict of interest policy and financial statements are currently not available to the public. The financial statements are filed with the return as required.”

“Purchase services: program service expenses 5,232,167. Management and general expenses 3,371,565. Fundraising expenses 21,182. Total expenses 8,624,914. Hearing aid repair: program service expenses 5. Management and general expenses 0. Fundraising expenses 0. Total expenses 5. Professional services: program service expenses 1,547,500. Management and general expenses 480. Fundraising expenses 0. Total expenses 1,547,980. Consulting: program service expenses 8,827. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,827. Collection: program service expenses 0. Management and general expenses 3,226,524. Fundraising expenses 0. Total expenses 3,226,524. Rental: program service expenses 1,118,816. Management and general expenses 470,282. Fundraising expenses 0. Total expenses 1,589,098. Copier rental: program service expenses 0. Management and general expenses 55,048. Fundraising expenses 0. Total expenses 55,048. Cell phone rental: program service expenses 0. Management and general expenses 46,111. Fundraising expenses 0. Total expenses 46,111. Service contracts: program service expenses 1,813,285. Management and general expenses 8,046,055. Fundraising expenses 19,470. Total expenses 9,878,810. Freight: program service expenses 0. Management and general expenses 384,629. Fundraising expenses 0. Total expenses 384,629. Waste: program service expenses 281,975. Management and general expenses 0. Fundraising expenses 0. Total expenses 281,975. Cleaning: program service expenses 285,185. Management and general expenses 0. Fundraising expenses 0. Total expenses 285,185. Physician fees: program service expenses 4,932,993. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,932,993. Contract - pharmacy: program service expenses 1,258,903. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,258,903. Laundry: program service expenses 20,344. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,344. Op lease: program service expenses 0. Management and general expenses -10,825. Fundraising expenses 0. Total expenses -10,825.”

“Investment in lmhs women's health co-management k-1 -18,348. Transfer from affiliate - unrestricted 2,331,500. Hino lease payments to promedica -304,000.”

“The audit 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.”

“The calculation reconciles the organization's operations to the lima memorial health system's consolidated financial statements. Gain (loss) from operations lmh $ 30,755,468 lmp $(24,946,194) foundation $ 2,765,119 auxiliary $ (19,478) total gain (loss) from operations $ 8,554,915 non-operating revenues net $ (17,594,968) interest rate swap $ 8,901,104 audited excess revenue $ (138,949) net assets released from restriction $ 271,717 ppa $ - net $ 132,768 other 990 adjustments women's health k-1 $ 18,348 unrealized gain/loss $ 18,659,791 cardinal health k-1 $ (67,140) gain on sale of assets $ (655,405) auxiliary adjustment $ - foundation adjustment $ - rounding $ - total other 990 adjustments $ 17,955,594 net $ 18,088,362 lmjoc 990 part 1, line 19 $ 34,107,372 lmpc 990 part 1, line 19 $(17,953,525) lmh 990ez part 1, line 18 $ (67,140) lm foundation 990 $ 2,000,636 lm auxiliary 990 $ 1,019 net tax returns $ 18,088,362 difference: financial statements vs tax return $ -”