Aspirus Keweenaw Hospital

“Jerry luoma and michael luoma have a family relationship.”

“Aspirus, inc. Is the sole corporate and voting member of aspirus keweenaw hospital.”

“The board of directors is comprised of 7 directors from aspirus, inc. And 3 directors from keweenaw health foundation. There shall be three classes of voting directors: the aspirus class, community class, and the provider class. No less than six independent community class directors, consisting of three nominated by the foundation board of trustees and three nominated by aspirus, inc. With consideration to input from the corporation's board, and elected by aspirus, inc., two aspirus class directors nominated and elected by aspirus, inc., two provider class directors consisting of physicians in the active category of the medical staff at the hospital, nominated by the corporation's board and elected by aspirus, inc.”

“The following actions must be approved by the directors of the organization: 1) change or amend the articles of incorporation or bylaws; 2) change the mission, purpose, or scope of the corporation; 3) ratification or removal of directors or officers; 4) change the formula or methodology for determining physician compensation; 5) approval of annual operating and capital expenditure budgets, strategic and long-range plans.”

“The accounting department accumulated all 990 and 990-t information. These documents are reviewed by the cfo. The 990 and the 990-t are reviewed by other senior management prior to submission to the internal revenue service and are made available to the board of directors through director's desk or other means of electronic retrieval.”

“Annually, board members are required to disclose conflicts to the board. An interested person must disclose the existence and nature of his or her financial interest to the directors and members of committees with board delegated powers. An interested person is a director, principal, officer, or member of a committee with board delegated powers who has a direct or indirect financial interest. After disclosure, the interested person shall leave the board or committee meeting while the financial interest is discussed and voted upon. The remaining members shall decide if a conflict exists. The member will abstain from voting on this issue if a conflict of interest is discovered.”

“For purposes of determining compensation, aspirus keweenaw hospital relied on related organizations to establish the compensation of the ceo, other officers, and key employees. The related organizations used the following practices for establishing compensation for such individuals: compensation committee, independent compensation consultant, written employment contract, compensation survey or study, and approval by the board or compensation committee.”

“The organization has deemed that its governing documents, conflict of interest policy, and financial statements are the property of the organization and are not available for public inspection.”

“Contract/purchased services: program service expenses 4,859,188. Management and general expenses 89,219. Fundraising expenses 0. Total expenses 4,948,407. Dispensing fee 340b: program service expenses 966,694. Management and general expenses 0. Fundraising expenses 0. Total expenses 966,694. Consulting fees: program service expenses 0. Management and general expenses 248,187. Fundraising expenses 0. Total expenses 248,187. Lab purchased services: program service expenses 525,885. Management and general expenses 0. Fundraising expenses 0. Total expenses 525,885. Linen contract: program service expenses 4,428. Management and general expenses 131,600. Fundraising expenses 0. Total expenses 136,028. Housekeeping: program service expenses 0. Management and general expenses 45,537. Fundraising expenses 0. Total expenses 45,537. Lawn care: program service expenses 0. Management and general expenses 2,760. Fundraising expenses 0. Total expenses 2,760. Snow removal: program service expenses 15,578. Management and general expenses 81,782. Fundraising expenses 0. Total expenses 97,360. Waste: program service expenses 389. Management and general expenses 31,487. Fundraising expenses 0. Total expenses 31,876. Pest control: program service expenses 525. Management and general expenses 1,130. Fundraising expenses 0. Total expenses 1,655. Transportation: program service expenses 1,360. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,360.”

“Unrestricted net asset transfers - aspirus wausau hospital -14,479,901. Unrestricted net asset transfers - aspirus inc 11,659,784. Unrestricted net asset transfers - aspirus clinics inc -3,953,021. Unrestricted net asset transfers - aspirus ontonagon hospital -609,321. Unrestricted net asset transfers - aspirus vna extended care -4,356. Unrestricted net asset transfers - aspirus ironwood hospital -838,174. Unrestricted net asset transfers - aspirus iron river -338,312.”

“The audit committee of the board of directors of aspirus, inc. The parent organization, assumes the responsibility for the oversight of the consolidated audit of the financial statements and selection of the independent accountant. There was no change in this process in the past year.”