St Anthony Regional Hospital and Nursing Home

“Sister Romana Klaubauf, Sister Theresa Keller, Sister Maris Kerwin, and Sister Donna Venticher have a business relationship through their membership in The Franciscan Sisters of Perpetual Adoration.”

“The members of the St. Anthony Regional Hospital are the sisters of the religious community known as the Congregation of the Sisters of the Third Order of St. Francis of Perpetual Adoration (FSPA). The members have the power to elect the board of directors, amend the articles of incorporation and bylaws of the organizations, and dissolve the organization.”

“The Franciscan Sisters of Perpetual Adoration, as members of the St. Anthony Regional Hospital, elect and approve the board of directors for St. Anthony Regional Hospital.”

“All decisions, including dissolution of the organization, made by the Board of Directors of St. Anthony Regional Hospital are subject to the approval of the Franciscan Sisters of Perpetual Adoration.”

“St. Anthony Regional Hospital gathers the necessary information for the completion of the Form 990 within the finance department and with assistance from the human resources and operation departments. The form was prepared by an independent accounting firm. Drafts of the form were reviewed by the CFO and the Audit committee. After the internal reviews were complete, the final version of the form 990 was given to each member of the Board of Directors prior to filing the return.”

“The Officers and Board Members annually disclose in writing, "any interest which would be inconsistent with the expeditious, proper, and impartial performance of duties." Defining disclosable conflict or duality of interest as any matter in which the corporations are "interested which affects the financial interest or employment of such member, a member of his/her family by blood or marriage, or any business enterprise in which he/she or such family member is employed or has a financial interest." Officers and Board Members are required to disclose the facts surrounding any possible conflict of interest throughout the year. If a conflict of interest is disclosed by an Officer or Board Member, during a board meeting the Officer or Board Member will not participate in any discussions or deliberations regarding the matter and would abstain from any voting decisions on this matter during the meeting. All conflict of interests that are disclosed will be reported in the minutes of the board meetings.”

“At the direction of the Board of Directors the CEO gathers compensation information (salary and benefits) from various sources including Iowa Hospital Association and benefit consultants for like-sized organizations. The Executive Committee then determines the annual compensation for the CEO, other officers, and any key employees for the total board approval. The compensation process for the CEO is completed in August annually. The other officers compensation is completed in March annually.”

“St. Anthony Regional Hospital mails its consolidated audited financial statements to financial institutions, governmental institutions, board members, and the Iowa Hospital Association. The Form 990 is available at guidestar.org. St. Anthony Regional Hospital discloses financial statements to bondholders, the IHA, and the Iowa Attorney General's office. St. Anthony Regional Hospital's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Physician Fees: Program service expenses 1,950,921. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,950,921. Patient Service Fees: Program service expenses 986,274. Management and general expenses 0. Fundraising expenses 0. Total expenses 986,274. Contract Labor: Program service expenses 2,501,710. Management and general expenses 485. Fundraising expenses 0. Total expenses 2,502,195. Laundry Fees: Program service expenses 323,285. Management and general expenses 0. Fundraising expenses 0. Total expenses 323,285. Consulting Fees: Program service expenses 34,009. Management and general expenses 36,385. Fundraising expenses 0. Total expenses 70,394. Professional Fees: Program service expenses 597,199. Management and general expenses 957,215. Fundraising expenses 0. Total expenses 1,554,414. Recruiting Fees: Program service expenses 337,287. Management and general expenses 209,854. Fundraising expenses 0. Total expenses 547,141.”

“Transfer to Foundation - Reimbursed Expenses -242,306. Change in beneficial interest of Net Assets of Foundation 671,160. Income From Partnership -1,519.”