Henry Ford Health System

“Business relationship amongst board members: charles g. Mcclure, jr. And gerardo norcia”

“Effective october, 3, 2024, hf health become a membership corporation. The members of hf health are henry ford health parent, a michigan nonprofit corporation, and ascension health d/b/a ascension healthcare, a missouri nonprofit corporation. Pursuant to the integration agreement between hf health and ascension health ("ascension") effective oct. 1, 2024, control over a number of michigan-based ascension health care hospitals and other healthcare provider entities was transferred to hf health. The transferred entities became additional nonprofit, tax-exempt subordinate affiliates of hf health. Hf health established henry ford health system parent ("hf parent") to serve as its supporting organization and it holds controlling 80% membership interest in hf health. Ascension will continue to have a limited, minority (non-controlling) relationship to such transferred entities as the 20% percent member of hf health.”

“The organization is organized on a membership basis. Its members are henry ford health parent (80%) and ascension health (20%).”

“The tax department of the organization prepares the form 990 and has it reviewed by its independent tax service provider. As part of the preparation and review process prior to filing the return, the following review process is conducted: - review of the entire return with the hf health senior vice president, financial operations, and chief financial officer - review of all compensation matters and disclosures with the compensation committee of the hf health board of directors - review of the return with the hf health ceo and audit and compliance committee of the board of directors - provide a copy of the return to the hf health board of directors”

“The organization has a standing conflict of interest committee (the committee) that is responsible for oversight of all conflict of interest matters. The organization's conflict of interest policy applies to all directors and employees. Annually, directors, employees of a management level, researchers, as well as employees associated with procurement, or in certain other predefined roles must complete an annual disclosure designed to identify activities and relationships that could potentially give rise to a conflict of interest. It is the responsibility of the committee to review these disclosures and determine the need for any action to manage the potential conflict. The committee annually reports the results of its activities to the audit and compliance committee of the board of directors.”

“The organization has a compensation committee of the board of directors consisting of all external directors. They meet periodically throughout the year. They are charged with approval of the organization's overall compensation and benefit programs as well as the specific review and approval of the compensation of certain employees including the chief executive officer, all officers and key employees of the organization. They directly engage an independent compensation advisor to assist with this process. The process includes evaluation of the individual's performance, utilization of compensation studies of similarly situated positions, as well as comparisons to compensation as reported by other health care organizations. The reasonableness of compensation is evaluated based upon these and other factors. The committee also reviews the compensation disclosures to be made on form 990 in advance of filing.”

“It is the practice of the organization to make its governing documents and conflict of interest policy available to any party requesting such information. As a holder of tax exempt debt the financial statements of the organization are made available to a public clearing house on a quarterly basis. Part iv, line 12 the organization is an element of the external audit report obtained for the consolidated operations of henry ford health. Schedule r, part v, line 1d and 1e the organization is a member of the henry ford health system obligated group. Members of the obligated group are jointly and severally liable for outstanding obligations issued under the bond master indenture. Schedule r, part ii, identification of other related organizations the organization has the following operating divisions that are not separate legal entities but have their own unique assigned ein's. Financial information relating to these divisions are included in this return. -henry ford west bloomfield hospital (26-3896897) -henry ford west bloomfield physicians (47-2146687) -center for complementary and integrative medicine (30-0092342) -henry ford health- school based health initiative (87-0729167) -henry ford cottage hospital physician practices (26-4245539) -henry ford pathology (41-2223561) -henry ford urgent care (87-2673604) -henry ford population health management (87-4054418) schedule r, part v, line 2, column c all transactions reported are based on cash value”

“Average hours per week devoted to related organizations: many executive employees of hf health provide services to multiple affiliated entities. Henry ford health uses estimates for reporting average hours per week in all sections of form 990. Generally 60 hours are reported for the hours associated for the organization that the individual has principal responsibility for. Hours associated with other hospital or larger organizations are reported at 5 per week and for smaller organizations 1 hour per week is reported.”

“Environmental factors impact community health and henry ford health recognizes that as a community partner we can influence many of these factors. Our sustainability goals are intended to simultaneously reduce greenhouse gas emissions, redress environmental injustices, and improve the health of the patients, employees, and communities we serve. Henry ford health has established the following sustainability goals to be achieved by 2030: reduce greenhouse gas emissions from operations by 50%, targeting net-zero by 2040 eliminate chemicals of concern from priority products reduce waste sent to landfill by 50% meet local or sustainable criteria for 30% of food purchases increase annual investment in green and healthy infrastructure”

“Pension liability adjustment 7,678,050. Affiliate equity adjustment 9,075,428. Intercompany transfers 448,013,583.”

“The governing body of hf health has delegated the oversight of the financial statements, including the choice of independent auditors, to its audit committee.”