Huron Memorial Healthcare Corp

“The form 990 data is prepared internally and submitted to our auditing firm for return preparation. Once the returns have been completed, the forms are reviewed by entity cfo and the finance leadership of mclaren health care (mhc). Copies of draft returns are made available to the mhc board members, who serve as the overall governing board. Returns are available for all corporations of which mhc is the sole member as well as other related entities of those corporations for review rather than having the local boards review the returns. The board of mhc is the ultimate accountable organization for the system; as such it is the overall governing board of the system, whose responsibilities include but are not limited to: approving all subsidiary board members, financial budgets, and issuance of debt.”

“The corporate compliance department, in accordance with the mclaren health care (mhc) board conflict of interest policy, annually distributes the conflict of interest disclosure survey to all mhc corporate and subsidiary organization board members, executives and other leadership employees. The corporate compliance department through the governance committee, compiles and analyzes survey data by organization, investigates and reviews potential conflicts with the organization's ceo and board chair, and when necessary, recommends actions to be taken to resolve identified conflicts. A complete report of all corporate and subsidiary board member and executive disclosures, conflicts identified and actions taken is reviewed by the mhc governance committee and each subsidiary ceo and board chair receives a report specific to their organization's board members and executives. Conflicts are disclosed to the full board and board committees so appropriate actions can be taken. Actions may include prohibiting a board member from participating in deliberations involving transactions with a company with which they conduct financial transactions; board members failing to complete a disclosure survey or intentionally failing to report a known conflict of interest are relieved of their service to mhc.”

“Wage information from trade groups is used to establish benchmarks for appropriate compensation levels. The compensation of the chief executive officer is analyzed annually by the board of directors. The board reviews the stated goals for the year and determines if such goals have been met and determines the amount of a compensation increase or bonus, if any. Other executive compensation is approved by the ceo as authorized by the board and is based on executive compensation surveys completed by human resources. This process was last undertaken in 2018.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.”

“Huron memorial healthcare corp merged into huron memorial hospital as of 5/30/18 and is no longer in existence”

“Cancellation of debt due to liquidation -448,737. Transfer of assets due to liquidation -106.”