Henry Ford Health System

“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 hfhs senior vice president, financial operations, and chief financial officer - review of all compensation matters and disclosures with the compensation committee of the hfhs board of directors - review of the return with the hfhs coo, ceo and audit and compliance committee of the board of directors - provide a copy of the return to the hfhs 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 system. 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 system - school based health initiative (87-0729167) -cottage hospital physician practice (26-4245539) -henry ford pathology (41-2223561) 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 hfhs provide services to multiple affiliated entities. Henry ford health system 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.”

“Pension liability adjustment 7,783,004. Intercompany transfers -18,103,225. Reclassification of unrealized gains/losses -20.”