Proctor Health Systems

“JAMES C. LEONARD, MD (OFFICER), MATTHEW KOLB, JD, MHA (OFFICER), AND NAPOLEON KNIGHT, MD, MBA (OFFICER) - Business relationship, JAMES C. LEONARD, MD (OFFICER) AND JAMES STEVENSON (BOARD VICE CHAIR) - Business relationship, JAMES C. LEONARD, MD (OFFICER) AND NAPOLEON KNIGHT, MD, MBA (OFFICER) - Business relationship, JAMES C. LEONARD, MD (OFFICER), DENNIS HESCH (OFFICER), AND LAUREN SCHMID, MBA (KEY EMPLOYEE) - Business relationship, DENNIS HESCH (OFFICER) AND MATTHEW KOLB, JD, MHA (OFFICER) - Business relationship, KEITH KNEPP, MD (OFFICER), DEBBIE SIMON (BOARD SECRETARY/TREASURER), DENNIS TRIGGS, JD (TRUSTEE), DIRK ROECKER (TRUSTEE), JAMES STEVENSON (BOARD VICE CHAIR), AND JOHN WIELAND, MD (BOARD CHAIR) - Business relationship, KEITH KNEPP, MD (OFFICER) AND KEN DICKEN, MBA (OFFICER) - Business relationship”

“Carle health - west region, a tax-exempt illinois not-for-profit corporation, is sole member.”

“Carle health - west region, as sole member, has the right to "elect, replace or remove at any time and from time to time, and without cause, members of the board of trustees of the corporation."”

“Carle health - west region, as sole member, approves all decisions of the governing body.”

“The form 990 was prepared by staff and an external tax advisor and reviewed by management. Prior to filing this form 990, a full and complete copy was provided to the governing body by posting to the organization's director communication portal. Also before filing, each trustee received notification that the form 990 was posted and available for review at his/her discretion, each trustee has the opportunity to contact management or discuss and address concerns at subsequent board meetings.”

“The organization's established conflict of interest policies require annual disclosure of actual and potential conflicts of interest for officers, directors, trustees, members of board committees, administrative and managerial employees as well as all employees of the purchasing department. If circumstances change during the course of a year, interim disclosure is also required of the same individuals. The disclosures of employees are reviewed initially by the compliance department and any identified conflicts are referred to, and addressed by, the organization's internal legal counsel and/or corporate integrity officer. The disclosures of trustees and members of board committees are reviewed by the chair of the board. The entire board, absent the subject trustee or committee member determines whether a conflict exists. Trustees and/or board committee members with identified conflicts are required to recuse themselves from deliberating and voting on matters that may present a conflict. The organization also maintains purchasing policies requiring counter signatures to further minimize the risk associated with actual and/or potential conflicts of interest.”

“The carle foundation, the parent organization of proctor health systems, publishes through www.dacbond.com and https://emma.msrb.org/ its quarterly unaudited financial statements, annual audited financial statements, a management's discussion & analysis to accompany the financial statements, and an annual report of certain operating and financial information. Additionally, official statements for outstanding municipal bond issues for which the carle foundation is obligated are available at this website. These documents include extensive information about the organization's health care delivery system model, recent highlights/accomplishments, governance and administration, strategic plan, facilities, clinical programs, medical staff, service area, competitive environment, demographic data, utilization statistics, summary financial information, academic affiliations and educational programs, medical research, accreditations, and its employees. This information is available at no charge to those who register at the www.dacbond.com website. In addition, the form 990s of the organization's filing entities are available through dacbond. Quarterly financial statements are available upon request delivered to the organization's administrative offices. The organization's governing documents and conflict of interest policies are also available upon request to the organization's administrative offices.”

“The average estimated hours per week listed for the reporting organization and related organizations are based on a standard 40 hour week. Members may frequently devote more than 40 hours of service to the entire organization during an average week.”

“ALL OTHER REVENUE - Total Revenue: 17616, Related or Exempt Function Revenue: 17616, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“Proctor health systems does not compensate the ceo or majority of officers and key employees. Employee compensation for these individuals is compensated by the parent organization, the carle foundation. The board of trustees of the carle foundation, the parent organization for carle health care incorporated, through its compensation committee comprised of independent members free of conflict, annually reviews executive compensation levels and establishes appropriate salary ranges and other features of the compensation plan in accordance with the organization's approved compensation philosophy and strategy: - the committee is comprised of members of the board of trustees; who are independent of the carle foundation management; have no personal interest in the compensation arrangements; are not related to, or under the control of any individual whose compensation arrangement is being reviewed; and have no material business relationship with the carle foundation. - the chief executive officer's compensation is determined by the compensation committee in relation to appropriate comparability data. Compensation for other members of the executive staff is developed by the ceo, evaluated against market data, and reviewed and approved by the committee. - the committee approves all annual compensation decisions in advance of their implementation and documents its determinations and discussions. - the compensation committee relies upon a number of external resources and comparisons, and its analysis includes total compensation (cash compensation plus benefits provided by the carle foundation) in relation to organizational performance and prevailing industry practices for like responsibilities at comparably-sized organizations. The committee has engaged the services of a compensation consulting firm specializing in the not-for-profit sector which has worked with the carle foundation and makes its reports directly available to the compensation committee.”

“The increase in revenue and expenses from 2022 to 2023 relates to the growth in the amount of physicians and clinics that Proctor Health Systems operates. There were no significant changes in operations, just an increase in the volume of services the entity already provides.”

“The filing entity's public charity status is a hospital; however, the filing entity does not have a license or operate a hospital facility for schedule h reporting purposes.”

“Cash disbursements are centralized through the parent organization, the carle foundation. The parent makes the payments and files the related forms 1099 and 1096 on behalf of all carle health system related organizations.”

“Intercompany receivable/payable settlements - 64000330;”

“Form 990, part xii questions 2a, b, c and part iv, question 12 the financial statements for proctor health systems were reviewed on a consolidated basis under the parent organization, the carle foundation. The carle foundation has an audit committee consisting of members of the governing board and the chief financial officer who together assume responsibility for oversight of the review and audit of its financial statements and selection of an independent accountant or auditor.”