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 2017.”

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

“Purchase service: program service expenses 2,492,395. Management and general expenses 3,887,885. Fundraising expenses 0. Total expenses 6,380,280. Hearing aid repair: program service expenses 4,141. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,141. Prof purchase service: program service expenses 4,475,198. Management and general expenses 2,165. Fundraising expenses 0. Total expenses 4,477,363. Consulting: program service expenses 37,368. Management and general expenses 69,467. Fundraising expenses 0. Total expenses 106,835. Collection: program service expenses 0. Management and general expenses 665,510. Fundraising expenses 0. Total expenses 665,510. Rental: program service expenses 988,133. Management and general expenses 550,814. Fundraising expenses 0. Total expenses 1,538,947. Copier rental: program service expenses 0. Management and general expenses 94,235. Fundraising expenses 0. Total expenses 94,235. Cell phone rental: program service expenses 32,191. Management and general expenses 0. Fundraising expenses 0. Total expenses 32,191. Service contracts: program service expenses 1,472,141. Management and general expenses 6,108,715. Fundraising expenses 0. Total expenses 7,580,856. Freight: program service expenses 0. Management and general expenses 290,008. Fundraising expenses 0. Total expenses 290,008. Waste: program service expenses 12,437. Management and general expenses 9,949. Fundraising expenses 0. Total expenses 22,386. Courtesy transport-parking: program service expenses 150,806. Management and general expenses 0. Fundraising expenses 0. Total expenses 150,806. Cleaning: program service expenses 43,113. Management and general expenses 64,079. Fundraising expenses 0. Total expenses 107,192. Physician fees: program service expenses 5,166,105. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,166,105. Corporate fee: program service expenses 170,359. Management and general expenses 0. Fundraising expenses 0. Total expenses 170,359.”

“Implementation of new accounting pronouncement 32,269. Investment in lmhs women's health co-management k-1 -3,838. Intercompany allocations -779. Transfer from affiliate - unrestricted 1,109,767.”

“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 $ 16,302,923 lmp $ (13,718,887) elm tree $ 50,750 foundation $ 154,714 total gain (loss) from operations $ 2,789,500 non-operating revenues, net* $ 6,049,275 interest rate swap $ 875,435 audited excess revenue $ 9,714,210 net assets released from restriction $ - ppa $ - net $ 9,714,210 other 990 adjustments women's health k-1 $ 3,838 unrealized gain/loss $( 3,377,802) cardinal health k-1 $( 62,584) total other 990 adjustments $(3,436,548) net $ 6,277,662 lmjoc 990 $ 19,833,799 lmpc 990 $(13,718,203) elm tree 1120 $ 49,006 lmh 990ez $( 62,584) lm foundation 990 $200,931 lm auxiliary 990 $(25,287) net tax returns $ 6,277,662 difference: financial statements vs tax return $ 0 * includes unrealized gain/loss of $3,377,802”