Aspirus Iron River Hospital & Clinics Inc

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

“There shall be a minimum of 9 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 four independent community class directors, three 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 directors of the organization: 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 officers; 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, including the ubi calculations. These documents are reviewed by the cfo. The 990 is then 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.”

“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 purposes of determining compensation, aspirus iron river hospital & clinics, inc. Relied on related organizations to establish the compensation of the chief administrative officer, 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 has deemed that its governing documents, conflict of interest policy, and financial statements are the property of the organization and are not available for public inspection.”

“Lab fees: program service expenses 363,371. Management and general expenses 216,445. Fundraising expenses 0. Total expenses 579,816. Pharmacy fees: program service expenses 56,406. Management and general expenses 33,598. Fundraising expenses 0. Total expenses 90,004. Contract labor: program service expenses 2,324,203. Management and general expenses 1,384,435. Fundraising expenses 0. Total expenses 3,708,638. Housekeeping fees: program service expenses 115,088. Management and general expenses 68,554. Fundraising expenses 0. Total expenses 183,642. Other services: program service expenses 589,863. Management and general expenses 351,357. Fundraising expenses 0. Total expenses 941,220.”

“Intercompany transfers -406,630.”