Nebraska Methodist Health System Self Insurance Trust Fund

“Nebraska methodist health system inc., a nebraska not-for-profit, has the right to approve all amendments to the trust agreement of the nebraska methodist health system self insurance trust fund and to approve any dissolution, consolidation, or merger of the trust.”

“Prior to filing the form 990, a copy of the form 990 is made available to the board of directors for review through a secure internet portal. The board of directors is given an opportunity to ask questions or request more information. Information for the form 990 is gathered from appropriate responsible parties throughout the organization, including the organization's human resources, finance and compliance departments. The return gets a detail tie-out and system controller review. It is reviewed by external tax advisors and has a final review by the chief financial officer for nebraska methodist health system and the organization's chief executive officer.”

“An annual questionnaire is sent to all officers, directors and key employees pursuant to the methodist health system conflicts of interest policy which requires the disclosure of relationships, not just financial, that could give rise to conflicts with the organization. A board committee meets annually to review all potential conflicts identified through the surveys. Should a decision come to the board with an identified conflict, the officer, director or key employee is not permitted to vote or use personal influence on the matter and is not counted in determining a quorum for a meeting at which the matter is discussed. A potential conflict of interest once identified must be evaluated on a case by case basis. In order to approve the transaction which involves a direct conflict of interest, the board must first find, by majority vote of the directors not involved in the conflict, at a meeting at which a quorum is present, that the arrangement or transaction is in the best interest of the nebraska methodist health system self insurance trust fund and/or the nebraska methodist health system affiliates, is fair and reasonable, and after investigation, the directors have determined that a more advantageous transaction or arrangement cannot be obtained with reasonable effort under the circumstances.”

“Nebraska methodist health system self insurance trust fund is an affiliated member of the nebraska methodist health system. Policies are centralized at nebraska methodist health system inc. Methodist health system retains an independent consultant to review all officer compensation for each affiliate. Under this process, market data on compensation is gathered and analyzed and compensation ranges are set. The information is then provided to the compensation committee of the board of nebraska methodist health system inc., a nebraska non-profit corporation. All officer compensation is reviewed, evaluated and approved by this committee.”

“The organization does not make these documents separately available to the public. The conflict of interest policy is distributed to members of the board of directors and employees. Financial information is available to the public through the irs form 990.”

“Jeffrey francis, vice president of finance and cfo for the nebraska methodist health system, is a fulltime employee of nebraska methodist health system. His average hours per week are allocated among the entities that comprise the nebraska methodist health system.”

“Individuals who have compensation from the organization or a related organization are employees of the respective organization. These individuals do not receive compensation for services on the board of directors.”

“Other purchased services: program service expenses 77,083. Management and general expenses 0. Fundraising expenses 0. Total expenses 77,083.”

“Equity transfers from affiliates 1,026,706.”