Carle Health Care Incorporated

“Carle health care incorporated does not compensate the ceo or majority of officers and key employees. 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 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 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), ELIZABETH ANGELO, DNP, RN-BC (KEY EMPLOYEE) AND SALLY SALMONS, MD (KEY EMPLOYEE) - Business relationship, JAMES C. LEONARD, MD (OFFICER), AJA LYSTILA, MD (Board member), MARK CZYS (BOARD VICE CHAIR), MICHAEL DEVOCELLE (Board member), PAUL TUCKER, PHD (BOARD CHAIR), AND URETZ OLIPHANT, MD (BOARD SECRETARY/TREASURER) - Business relationship, JAMES C. LEONARD, MD (OFFICER), AJA LYSTILA, MD (Board member), JAMES STEVENSON (Board member), MARK CZYS (BOARD VICE CHAIR), MICHAEL DEVOCELLE (Board member), PAUL TUCKER, PHD (BOARD CHAIR), AND URETZ OLIPHANT, MD (BOARD SECRETARY/TREASURER) - Business relationship, JAMES C. LEONARD, MD (OFFICER) AND NAPOLEON KNIGHT, MD, MBA (OFFICER) - Business relationship, JAMES C. LEONARD, MD (OFFICER), DENNIS HESCH (OFFICER), AJA LYSTILA, MD (Board member), AND LAUREN SCHMID, MBA (KEY EMPLOYEE) - Business relationship, JAMES C. LEONARD, MD (OFFICER), MARK CZYS (BOARD VICE CHAIR), MICHAEL DEVOCELLE (Board member), AND PAUL TUCKER, PHD (BOARD CHAIR) - Business relationship, JAMES C. LEONARD, MD (OFFICER), NAPOLEON KNIGHT, MD, MBA (OFFICER), MARK CZYS (BOARD VICE CHAIR), AND PAUL TUCKER, PHD (BOARD CHAIR) - Business relationship, DENNIS HESCH (OFFICER), MATTHEW KOLB, JD, MHA (OFFICER), AND NICHOLAS CROMPTON (KEY EMPLOYEE) - Business relationship”

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

“Carle health care incorporated's sole member, the carle foundation, 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.”

“Carle health care incorporated's (chci) governing board must have the approval of its sole member, the carle foundation, through its governing board, 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 the president/ceo's authorized spending authority as described in the finance policies of the carle foundation (the excess of any proposed expenditure over the previously approved budgeted amount shall be deemed a non-budgeted expenditure); to adopt any annual or long term capital or operational budgets; to approve the addition of any new member and any dissolution, merger, consolidation or sale or other disposition or encumbrance of all or substantially all of the assets of the corporation or any disposition of real property or relocation of the corporation, any subsidiary and/or affiliate; to organize or acquire, or to authorize or approve the organization or acquisition of any subsidiary or affiliate of the corporation; to approve any loan to or for the corporation or any other incurrence of indebtedness by or in the name of the corporation; to pledge all or part of the corporation's assets as security for a debt, liability or other obligation of the corporation, subsidiary and/or affiliate of the corporation; to authorize entry into any contract or engage in any transaction or activity which requires application to the illinois health facilities and services review board for a permit or certificate of need; to approve payment to the members of the chci governing board of their expenses, if any, for attendance at the meetings of the chci governing board or any sums as compensation for attendance at such meetings or as stated salary for service as trustees.”

“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 HEALTH CARE INCORPORATED, 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.”

“Other physician and program revenue is comprised largely of internal revenue resulting from carle physician group providing services to other related organizations in the consolidated group.”

“All other program service revenue - Total Revenue: 10703, Related or Exempt Function Revenue: 10703, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“Other Revenue - Total Revenue: 7638, Related or Exempt Function Revenue: 7638, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“Questions answered affirmatively are applicable to all disregarded entities.”

“In 2024 carle health care incorporated discontinued caring place services.”

“(Expenses $ 338,325 including grants of $ 0)(Revenue $ 0) THE CARING PLACE FOSTERS THE DEVELOPMENT OF THE WHOLE CHILD IN A SAFE, NURTURING, NON-PRESSURED ATMOSPHERE THROUGH PLAY AND VARIED EXPERIENCES. THE CARING PLACE DISCONTINUED SERVICES AT THE END OF 2023. THE CARING PLACE'S OPERATIONAL PROGRAM EXPENSES IN 2024 ARE RELATED TO THE DISCONTINUATION OF PROGRAM SERVICES.”

“INTERCOMPANY RECEIVABLE/PAYABLE SETTLEMENTS - XXX-XX-XXXX; BOOK TO TAX ADJUSTMENTS FOR AMBULATORY SURGERY CENTER - -10907181; Total - XXX-XX-XXXX;”

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