Aspirus Ironwood Hospital & Clinics Inc.

“The organization has an executive committee which consists of the chairperson, vice chairperson, secretary, treasurer, past chairperson, and ceo. This committee has the power to act on behalf of the organization during the period between the meetings of the board, subject to any prior authorization granted by the board.”

“effective july 1, 2015 aspirus, inc. became the sole corporate member of aspirus grand view. the by-laws were updated to reflect this change.”

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

“See explanation for form 990, part vi, line 7b”

“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 fromula 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 and 990-t information, including the ubi calculations. 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.”

“Board members, officers and key employees are required to sign annual conflict of interest statements and all managers are required to sign biannual conflict of interest statements. The organizations's ceo and board chair review the statements and highlight potential conflicts. The board determines on a case by case basis any actions required. Individuals are not permitted to vote on any transaction where a conflict has been dtermined to exist. All conflicts and proceedings are documented in the meeting minutes.”

“For purposes of determining compensation, aspirus grand view relied on related organizations to establish the compensation of the ceo, other officers, and key employees. The related organizations used the following practices for estabishing 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”

“Other changes in Net Assets 500. equity transfer- AGSC -932,010. equity transfer - cci 631,941. difference in fixed asset basis 6,183,903. Equity Transfers - AI 400,000.”

“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.”