St. Cloud Hospital

“St. Cloud hospital's members consist of ex-officio representatives of the diocese of st. Cloud and the sister of the order of saint benedict and two to four members appointed by these ex-officio members.”

“St. Cloud hospital's members consist of ex-officio representatives of the diocese of st. Cloud and the sister of the order of saint benedict and two to four members appointed by these ex-officio members.”

“In addition to appointing the st. Cloud hospital board, the members approve amendments to the articles of incorporation, approve dissolution of the hospital, and support and assess the hospital's roman catholic identity and missions.”

“Management reviews the 990 tax return regularly during the preparation process, they field questions from staff and manage deadlines which must be met. They are also actively involved with the third party firm who assists in the final compilation of the report. Once a completed 990 report has been produced, annually at the board's april meeting, prior to filing, the full board has an opportunity to review the irs form 990 with the staff, to ask questions and seek clarifications, and to approve the final document.”

“The board members are required to review and sign a conflict of interest questionnaire twice a year. All staff sign conflicts of interest forms on an annual basis. The questionnaires are reviewed by the corporate compliance officer as well as the corporate compliance group (a compliance committee which includes internal members and outside counsel). The responses to the questionnaires are then reviewed with the executive committee of the board. The corporate compliance officer is responsible for monitoring conflicts of interests related to board and staff and to alert affected parties when a conflict arises. When an actual conflict arises, the affected party is asked to recuse him/her self from the decision making process. The corporate compliance officer attends board meetings and specified board committee meetings where conflict issues may arise.”

“15a: the compensation and benefits of the president are subject to full compensation and benefits comparability studies conducted biennially by a third party independent compensation consultant. However, the compensation portion of the study is reviewed annually by the consultant and updated for compensation committee and board of directors review and approval. The most recent full review was done may 2015. The third party independent compensation consultant is retained by st. Could hospital to perform services. 15b: the compensation and benefits of the vice presidents (non-medical providers) are subject to full compensation and benefits comparability studies conducted biennially by a third party independent compensation consultant. However, the compensation portion of the study is reviewed annually by the consultant and updated for compensation committee and board of directors review and approval. The most recent full review was completed in may 2015. The third party independent compensation consultant is retained by st. Cloud hospital to perform these services.”

“The hospital/centracare health system does not generally make its governing documents or conflict of interest policy available to the public. The hospital/centracare health system provides an annual report to the community in which financial results are reported to and discussed with the public. This report is available to the public on the organization's website.”

“Adjustments to funded status of pension plan -17,147,050. Other changes in unrestricted net assets 2,051,290. Net equity transfers to affiliated organizations -31,196,493. Elimination entries 350,000.”