Thoracic and Cardiovascular Healthcare Foundation

“Joel cohn, md john ip, md vice chair chair business relationship”

“Sparrow health system is the sole member of sparrow clinical research institute.”

“Sparrow health system has the right to elect, replace, or remove directors of sparrow clinical research institute, as well as fill vacancies on the board of directors.”

“Sparrow health system has the right to elect, replace, and remove directors of sparrow clinical research institute. Sparrow health system also has the authority to approve decisions of the sparrow clinical research institute board when it is deemed necessary.”

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

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

“University of michigan health - sparrow clinical research institute”

“Principal purpose of operating as a medical research organization directly engaged in the continuous, active conduct of medical research, in conjunction with any non-profit 501(c)(3) hospital and administering funds to further the charitable purpose of the corporation.”

“All lines left blank are not applicable to the organization. On april 1, 2023, sparrow health system, the regents of the university of michigan, and um health consummated their affiliation. As a result of the transaction um health corp became the sole corporate member of sparrow health system. Due to affiliation, the organization changed its year end to a fiscal year ending 6/30. The prior year financial information reported throughout the form 990 and supporting schedules is based on a 6-month short period return for 6/30/2023.”

“All other program services.”