Ingalls Home Care

“Pursuant to the organization's governing documents, the sole member of the organization is ingalls memorial hospital (imh), a related tax-exempt organization. As the organization's sole corporate member, imh has the right to participate in the organization's governance.”

“Ingalls memorial hospital shall designate the directors annually, or at such other times as may be determined by imh, to hold office for one year or until their successors are designated and qualify or until their retirement or removal.”

“Ingalls memorial hospital shall retain the right to remove any director at any time, with or without cause. Ingalls memorial hospital must approve any modification or amendment to any mission statement, statement of goals or values, the articles of incorporation or the bylaws of the corporation; the sale, lease, exchange or disposition of all or substantially all of the assets of the corporation; and the merger, consolidation or dissolution of the corporation.”

“The form 990 is prepared internally by management. The full form 990, including supplemental schedules, was presented by the chief financial officers to the finance committee at a committee meeting. The full board has granted to the finance committee authority to approve the form 990. The full board will receive a report from the finance committee, describing the finance committee's review performed. Prior to filing with the irs, the form 990 will be available at the organization's board meeting for each member's review.”

“Pursuant to the organization's conflict of interest policy, all officers, directors, board members, and key employees must avoid situations in which their personal interests may conflict, or appear to conflict, with the interest of ingalls, and ingalls reviews its own relationships with other care providers, educational institutions, and payers to determine if potential conflicts exists. Board members and employees shall have the continuing affirmative duty to report to the president and chief executive officer (ceo) of ingalls any personal ownership of interest or other relationship that might affect their ability to exercise impartial, ethical business judgments in the area of their responsibilities. Per the organization's conflict of interest policy, board members and employees at management level will be required to complete a certification and disclosure form, on a schedule determined by the corporate compliance officer. Completion of this form is a requirement for all board members and managerial employees, and may be required of non-management employees as determined by the president and ceo and corporate compliance officer. Employees also have a duty to report conflicts or potential conflicts of interest of which they may be aware involving other employees. Each situation reported shall be reviewed by the president and ceo, and ingall's corporate compliance officer, and a determination shall be made as to whether a conflict of interest exists or may arise from such situation. The decision of the president and ceo and corporate compliance officer regarding whether a conflict exists shall be final. Persons with a conflict are prohibited from participating in the governing body's resolution of such conflict. The organization further promotes knowledge and understanding of the conflict of interest policy in the employee handbook. Each employee is required to sign an acknowledgement of the handbook upon employment.”

“The university of chicago medical center (ucmc) is responsible for determining and administering compensation for all officers of each respective entity within the ucmc corporate structure. All compensation and benefit approvals are made (by the ucm chhd compensation committee, as explained below) as recommendations to the ucmc compensation committee and are subject to further review and approval by the ucmc compensation committee. Below is the process used to establish compensation for the top management official and senior executives. The ucm community hospital and healthcare division, inc (ucm chhd) compensation committee of the board of trustees (the committee) is responsible for the oversight of the ucm chhd executive compensation decision-making process. Its review process is designed to satisfy the procedural criteria necessary to qualify for the rebuttable presumption of reasonableness (under intermediate sanctions regulations) with respect to the total compensation and benefits provided. The committee is comprised of independent members of the board of directors, all of whom are "disinterested" within the meaning of the intermediate sanction regulations. It reviews and approves compensation and employee benefits provided to the organization's president and key executives by following its written executive compensation philosophy statement and written compensation review process, which includes seeking counsel from outside professional advisors and relying in advance on appropriate comparability data (for functionally similar positions at similarly situated healthcare organizations) provided by an independent third-party consultant. The committee reviews and approves all new compensation ranges, as well as current packages for newly hired executives , as needed, but at least annually. It prepares a timely and thorough written record of its deliberations and conclusions.”

“An independent compensation consultant reviews the reasonableness of proposed total direct compensation for each executive by performing a market comparison for each executive. The market comparison involves collecting survey data for functionally similar positions at similar healthcare organizations. Performance goals are normally established based on the budget/business plan approved by the board for the fiscal year. The outside consultant opines whether or not performance goals have been reached before a fiscal year end. Payments are presented to the compensation committee for review and approval.”

“All documents are available upon request.”

“(Expenses $ including grants of $)(Revenue $ 6,757) OTHER PROGRAM REVENUE INCLUDES MISCELLANEOUS REVENUE.”

“In general organizations are required to file the single audit within 9 months of the close of the fiscal year in which grant funds were received. However, the single audit requirement was given an extension of an additional 6 months for recipients of CARES Act funding to file the single audit. The organization is subject to a single audit requirement for its fiscal year ending June 30, 2021. The organization began the process to undergo the required audit during its fiscal year ending June 30, 2022 and will file a single audit in conjunction with the University of Chicago by 9/30/2022.”