Aspirus Grand View

“The parent organization, aspirus, inc., is the sole member of the organization.”

“There shall be a minimum of 11 voting directors allocated as follow. There shall be three classes of voting directors: the aspirus class, community class, and the provider class. No less than five independent community class directors, four aspirus class directors nominated and elected by aspirus, inc., two provider class director nominated by the corporation's board and elected by aspirus, inc.”

“The following actions must be approved by the sole member of the organization, aspirus, inc.: 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 officer; 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 accumulates all 990 information. These documents are reviewed by the cfo. The 990 is reviewed by other senior management prior to submission to the internal revenue service and is 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 the purposes of determining compensation, aspirus ironwood hospital & clinics, inc. Relied on related organizations to establish 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 does not make its governing documents, conflict of interest policy, nor its financial statements available to the public.”

“Lab services: program service expenses 1,052,995. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,052,995. Pharmacy services: program service expenses 839,385. Management and general expenses 0. Fundraising expenses 0. Total expenses 839,385. Housekeeping services: program service expenses 0. Management and general expenses 165,122. Fundraising expenses 0. Total expenses 165,122. Other professional services: program service expenses 6,703,999. Management and general expenses 101,862. Fundraising expenses 0. Total expenses 6,805,861.”

“Intercompany transfers - awh 341,080. Intercompany transfers - ai -7,248,369. Intercompany transfers - aci -86,652. Intercompany transfers - aoh 17,157. Intercompany transfers - vna -32,087. Intercompany transfers - air 115,148. Intercompany transfers - arh -18,795. Intercompany transfers - ads -972. Intercompany transfers - akh 156,130. Intercompany transfers - asp 3,586. Intercompany transfers - arn 4,250. Intercompany transfers - hymc 1,432. Intercompany transfers - pnw bb -1,011. Change in nci -40,330. Other changes in net assets 119,455.”

“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.”