Richland Memorial Hospital

“MATTHEW KOLB (OFFICER), SALLY SALMONS, MD (TRUSTEE), AND JAMES LEONARD, MD (OFFICER) - Business relationship, DENNIS HESCH (OFFICER) AND JAMES LEONARD, MD (OFFICER) - Business relationship, DENNIS HESCH (OFFICER), JAMES LEONARD, MD (OFFICER), AND LAUREN SCHMID (KEY EMPLOYEE) - Business relationship”

“Richland memorial hospital, inc. Has one member which is the parent company, the carle foundation.”

“Richland memorial hospital inc.'s sole member, the carle foundation, acting through its board of trustees, has the exclusive power to elect and remove members of the board of trustees for the corporation in addition to filling vacancies.”

“Richland memorial hospital, inc. Must have the approval of its sole member, the carle foundation, through its board of trustees, when voting on matters including the amending of governing documents; recommending the ceo to the board; approving any annual or long-term capital or operational budgets; approving payment to the members of the richland board of trustees for their expenses or compensation for services; approving any new, long-term or master institutional plans or changes to such plans; approving the addition of any new member and any dissolution, merger, consolidation, or sale or other disposition of all or substantially all assets or any disposition of real property or relocation of the hospital and/or clinic; approving any organization or acquisition of a subsidiary or affiliate; approving any initiative requiring certificate of need (con) approval; approving any pledge of all or any part of the corporation's assets as security for a debt, liability or other obligation; approving any loan to or for the corporation or any other indebtedness; and approving non-budgeted expenditures or sale exceeding the chief executive officer's (ceo) authorized spending authority.”

“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. At their discretion, the governing members have 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 board of trustees of the carle foundation, the parent organization of richland memorial 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 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 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 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.”

“Richland memorial hospital, inc. Makes its governing documents, conflicts of interest policy, and its financial statements available to the public upon request.”

“OTHER REVENUE - Total Revenue: 73813, Related or Exempt Function Revenue: 50193, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 23620;”

“Intercompany receivable/payable settlements - 6834231;”

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