Carle Community Health Corporation

“Carle community health corporation does not compensate its officers. Employee compensation for these individuals is paid by the system parent organization, the carle foundation. The governing board of the carle foundation, the system parent organization of carle community health corporation 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 governing board; 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.”

“JAMES C. LEONARD, MD (OFFICER) AND MATTHEW KOLB, JD, MHA (OFFICER) - Business relationship, JAMES C. LEONARD, MD (OFFICER) AND DENNIS HESCH (OFFICER) - Business relationship, DENNIS HESCH (OFFICER) AND MATTHEW KOLB, JD, MHA (OFFICER) - Business relationship”

“Carle development foundation, a tax-exempt illinois not-for-profit corporation, is the sole member.”

“Carle community health corporation's sole member, the carle development foundation, has the exclusive power to elect and remove members of the board of trustees for the corporation in addition to filling vacancies.”

“Carle community health corporation's board of trustees must have the approval of its sole member, the carle development foundation, through its board of trustees, when voting on matters including the amending of the by-laws; amendments to the articles of the corporation; authorizing any non-budgeted expenditure in excess of $100,000 (the excess of any proposed expenditure over the previously approved budgeted amount shall be deemed a non-budgeted expenditure); the adoption of any annual or long term capital or operational budgets; the adoption of any new or any changes to existing long term or master institutional plans of the corporation; the approving of any merger, consolidation or sale of all or substantially all of the assets of the corporation; to organize or acquire, or to authorize or approve the organization or acquisition of any subsidiary or affiliate of the corporation; and the authorization to enter into any contract which extends for 5 or more years or involves the expenditure of more than $100,000 by the corporation.”

“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 board member received notification that the form 990 was posted and available for review at his/her discretion. Each board member 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, members of the governing board, 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 members of the governing board and members of the board committees are reviewed by the chair of the board. The entire board, absent the subject board or committee member determines whether a conflict exists. Board members 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 SYSTEM PARENT ORGANIZATION OF CARLE COMMUNITY HEALTH CORPORATION, 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 THESE WEBSITES. 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 OR BY SEARCHING AT HTTPS://EMMA.MSRB.ORG/. IN ADDITION, FORMS 990 OF THE ORGANIZATION'S FILING ENTITIES ARE AVAILABLE THROUGH DACBOND. QUARTERLY FINANCIAL STATEMENTS ARE ALSO 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.”

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