The Carle Foundation Hospital

“The carle foundation hospital 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 the carle foundation hospital 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), MATTHEW KOLB, JD, MHA (OFFICER), NAPOLEON KNIGHT, MD, MBA (OFFICER), BLAIR ROWITZ, MD (KEY EMPLOYEE), AND SALLY SALMONS, MD (KEY EMPLOYEE) - Business relationship, JAMES C. LEONARD, MD (OFFICER) AND NAPOLEON KNIGHT, MD, MBA (OFFICER) - Business relationship, JAMES C. LEONARD, MD (OFFICER) AND LAUREN SCHMID, MBA (KEY EMPLOYEE) - Business relationship, MATTHEW KOLB, JD, MHA (OFFICER) AND NICHOLAS CROMPTON (KEY EMPLOYEE) - Business relationship”

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

“The carle foundation hospital's sole member, carle health - east region, acting through its governing board, has the exclusive power to elect and remove members of the governing board for the corporation in addition to filling vacancies”

“The carle foundation hospital's governing board must have the approval of its sole member, carle health - east region, through its governing board, when voting on matters including the amending of the by-laws; amendments to the articles of the corporation; to approve expenditures in excess of the ceo's authority; to organize or acquire, or to authorize or approve the organization's acquisition of any subsidiary or affiliate of the corporation; to pledge all or any part of the corporation's assets as security for a debt; and the authorization to enter into any contract or engage in any transaction or activity which requires application to the illinois health facilities planning board for a permit or certificate of need.”

“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 THE CARLE FUNDATION HOSPITAL, 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.”

“All other revenue - Total Revenue: 274210, Related or Exempt Function Revenue: 217716, Unrelated Business Revenue: 56494, Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“Education through a variety of activities including significant donations, scholarship programs, and physician, nurse and allied-health education, more than $21 million was invested in programs that address community-wide workforce and education issues, strengthening the training and availability of professionals to care for our communities' healthcare needs now and in the future. - graduate medical education maintained nine medical residency programs at the carle foundation hospital location - family medicine, cardiovascular disease fellowship, general surgery, internal medicine, neurology, ob/gyn, oral and maxillofacial surgery (oms), psychiatry, and vascular surgery. Family medicine is closing carle foundation hospital program on june 30, 2026. Carle foundation hospital has added two non-accredited fellowships - the hepato-pancreato-biliary surgery innovation fellowship in 2024 and the neurosurgical oncology fellowship slated to begin in late 2025. In academic year 2023-2024, there are around 132 residents and fellows in gme programs. - continuing education at carle health is committed to delivering high-quality, evidence-based clinical education to healthcare professionals across local, regional, and national communities. As an accredited provider of continuing education credits for 15 distinct healthcare disciplines, carle health supports lifelong learning and professional development throughout the system and beyond. In 2024, the continuing education team facilitated over 1,000 approved educational activities, including live conferences, journal clubs, enduring materials (such as recorded modules), regularly scheduled series (e.g., grand rounds, quality reviews, morbidity and mortality reviews), webinars, and specialized training sessions. These efforts culminated in the awarding of more than 79,000 continuing education credit hours to approximately 30,000 learners. Additionally, carle health hosted 17+ multidisciplinary events, welcoming participants from across the region and the nation. These events reflect our dedication to fostering collaboration, advancing clinical knowledge, and improving patient care through accessible and impactful education. In 2023, more than 20 multi-disciplinary conferences and events, open to local, regional and national healthcare professionals, were provided in addition to continuing education opportunities in multiple disciplines throughout carle health system and community. Additionally, over 2,965 department or division based continuing education opportunities were supported to over 34,230 healthcare professionals. Included in overall carle health system figures and not specific to the hospital, carle continued support of the carle illinois college of medicine, the world's first engineering-based college of medicine. In 2024, carle illinois additional medical students, who will continue to thrive in a rich clinical research environment that supports student innovations to improve patient care. Looking forward, carle's focus for the college is on faculty and physician recruitment to maximize opportunities for new research in our key pillar areas. Overall, carle pledged to donate $100 million to the college over 10 years, reported as a $10 million gift from the carle foundation every year, including 2024.”

“INTERCOMPANY RECEIVABLE/PAYABLE SETTLEMENTS - -XXX-XX-XXXX; Total - -XXX-XX-XXXX;”

“Form 990 part xii, questions 2a, b, c and part iv, question 12 the financial statements for the carle foundation hospital 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.”