Aspirus Wausau Hospital Inc

“The parent organization, Aspirus, Inc., is the sole corporate member of the organization.”

“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 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 and 990-T information, including the UBIT calculations. These documents are reviewed by the CFO. The 990 and 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 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 organization'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 determined to exist. All conflicts and proceedings are noted in the meeting minutes.”

“For the purposes of determining compensation, Aspirus, Inc. relied on related organizations to establish the 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.”

“Corporate Allocations: Program service expenses 32,740,609. Management and general expenses 35,053,125. Fundraising expenses 0. Total expenses 67,793,734. Other fees: Program service expenses 20,349,171. Management and general expenses 21,786,468. Fundraising expenses 0. Total expenses 42,135,639.”

“Interest rate swap valuation adjustment 1,360,246. Interest rate swap -344,682. Post retirement healthcare benefit adjustment 659,494. net asset transfer to Aspirus, Inc. -21,000,000. Equity - Bond Swap -20,245.”

“The audit committee of the board of directors of Aspirus, Inc., the parent organization of Aspirus Wausau Hospital, Inc., assumes the responsibility for the oversight of the audit of the financial statements and selection of the independent accountant. There was no change in this process in the past year.”