Sparrow Health System

“The president of the edward w. Sparrow hospital medical staff is a board member of the sparrow health system board. The edward w. Sparrow hospital medical staff president is elected by the medical staff of the hospital.”

“Copies of the 2015 form 990 are reviewed by management. The form 990 copies were provided at the september 2016 board meeting for all board members to review and comment on.”

“1) corporate compliance sends out the conflict of interest policy and questionnaires to all voting board members and the executive team annually. 2) all disclosures are received and reviewed by corporate compliance. 3) all disclosures are given a resolution code and presented to the ceo and governance committee of the board. 4) all board/committee level disclosures are provided to the respective board chair and executive liaison to ensure issues can be addressed on a transactional level (i.e. If a vote is required on a transaction involving an interested person).”

“The process for determining compensation for the ceo of the organization involved the following: utilizing the compensation committee, independent consultants, reviewing other similar organizations' 990s, compensation surveys, and final approval by the board of directors, as well as finalizing the salary package with a written employment contract.”

“The process for determining compensation for officers or key employees of the organization involved the following: utilizing the compensation committee, independent consultants, reviewing other similar organizations' 990s, compensation surveys, and final approval by the board of directors, as well as finalizing the salary package with a written employment contract.”

“The organization's audited financial statements are on several internet websites, including the emma.msrb and mha websites, as well as available upon request. The governing documents and conflict of interest policy are available upon request.”

“Part vii, section a, column (e) reportable compensation from related organizations - payments to greg brogan for broker's sales commissions for php insurance company (580,796).”

“All lines left blank are not applicable to the organization. Part iv, question 4 - the organization does not engage in direct lobbying activities. The organization does have memberships in various trade associations that use a portion of the dues paid to the trade associations for lobbying activities on behalf of the applicable trade association industries, thus indirectly benefiting the organization. The percentage of dues allocated to this industry-wide lobbying activity is minor and is not considered by the organization as lobbying activities required for disclosure on schedule c, part ii.”

“Thomson reuters. In 2012, shs became a member of the mayo clinic care network, a non-ownership collaborative arrangement. Shs is a michigan non stock, nonprofit tax-exempt corporation, and is the parent corporation of the following tax-exempt, 501(c)(3) entities: edward w. Sparrow hospital association (sparrow hospital), sparrow clinton hospital, sparrow carson, sparrow ionia, sparrow specialty hospital, sparrow community care, and sparrow foundation. Sparrow foundation serves as the fundraising arm of shs. Each of these entities file their own 990 returns. Shs is also the parent corporation of physicians health plan (php), a michigan nonprofit, tax-exempt health maintenance organization, as well as physicians health network (phn), a michigan nonprofit, tax-exempt corporation. Both of these companies are tax-exempt under irs code 501(c) (4). Both of these entities file their own 990 returns. Shs is also the sole owner of the newly formed sparrow care network, llc. Sparrow care network is a clinically integrated organization that allows the health system to work with physicians to transform the way care is delivered by always understanding the patients' needs come first and to provide the best possible care at the lowest possible cost. Lastly, shs is the parent corporation of sparrow development, inc. (sdi), a michigan stock, for-profit corporation. Sdi includes, as mentioned above, the michigan athletic club (mac), as well as the mac restaurant, and st. Lawrence or management company, llc.”

“Increase in net assets: 0 sparrow clinton restricted fund income 15,529 affiliate net income 48,907,612 unfunded pension obligation 12,040,675 opeb 665,926 foundation restricted fund income 94,573 other 4,107,611 decrease in net assets: 0 foundation capital grants -1,100,607 fdn net assets release from restrictions -195,317 total 64,536,002”