Mercy Medical Center

“The sole member of mercy medical center is mercycare service corporation, an iowa nonprofit corporation. The sole member has the exclusive power to appoint, after consideration of any recommendations from the corporation's board of trustees, any trustee to the corporation's board and to remove any trustee from the corporation's board at any time for any reason.”

“As the sole member of mercy medical center, mercycare service corporation has the exclusive power to appoint, after consideration of any recommendations from the corporation's board of trustees, any trustee to the corporation's board and to remove any trustee from the corporation's board at any time for any reason.”

“As the sole member of mercy medical center, mercycare service corporation has the power to approve the following actions: 1. Amend, repeal, or restate the articles of incorporation; 2. Any matter directly related to the religious principles and moral philosophy of the sisters of mercy; 3. Adopt or change the philosophy and mission of the corporation; 4. Sale of all or substantially all of the assets of the corporation, and merger or consolidation of the corporation with another entity; 5. Dissolution of the corporation; 6. Adoption or amendment to long-term strategic plans; 7. Adoption or amendment to annual capital or operating budgets; and 8. Appointment or removal of the chief executive officer of the corporation.”

“The 990 is reviewed with the executive committee (subcommittee of the board of trustees) prior to filing the form. The committee is provided with general background information regarding the form 990, and the form itself (including attachments) is reviewed. Upon request, the tax return will be available for review by the board of trustees. Members of the executive committee and management are available to answer questions from the trustees on the return.”

“The organization requires all directors, officers, and key employees, as well as each employee to disclose any interest in, obligation or duty to, or activity for any concern in which a director, officer, key employee, or employee or their family member may be involved that: might create an actual or potential conflict of interest or might have the appearance of adversely affecting the director's, officer's, key employee's, or employee's judgment or actions in performing his/her duties towards mercy. All directors, officers, key employees, and employees shall file an initial conflict of interest report upon hire and shall be required to file an updated report immediately if any changes occur which result in a conflict of interest or financial interest. All directors, officers, key employees, and employees (supervisor and above), physicians, and any employee in a position to influence a purchase decision shall re-submit a conflict of interest disclosure statement, with any necessary changes, each year and immediately if any additional conflicting or financial interest arise. All board members shall submit in writing a conflict of interest disclosure statement listing all financial and conflicting interests. The statement shall be resubmitted with any necessary changes each year and as any additional conflicting or financial interest arise.”

“Compensation of the organization's top management is set by the mercycare service corporation compensation committee. The committee uses mercer (us) inc. For the review of salaries and compares them to comparable entities in the region. This process was last completed and documented on february 5th, 2016.”

“The organization's governing documents, conflict of interest policy, and financial statements are not made available to the public.”

“Change in additional minimum liability for retirement benefits 3,843,917. Change in interest in net assets of foundation 3,602,628. Change in fair value of interest rate swap agreements 4,515,293. Change in interest in net assets of auxiliary and gift shop 13,934. Contribution not recorded for book purposes -518,779. Book/tax difference in partnership income(loss) -1,623,581. Noncash contribution not recorded for book purposes -4,951.”

“The oversight and selection process has not changed from the prior tax year.”