Mercy Clinics Inc

“Brenda cushing, board member, and emily abbas, board member, have a business relationship.”

“Starting in august 2023, catholic health initiatives - iowa (chi-ia), a related organization, contracted with healthsource partners for the provision of management services by terri donovan to chi-ia and related iowa organizations. In calendar year 2023, chi-ia paid $172,866 to healthsource partners for these management services. Mercy clinics does not know how much terri donovan received as wages from healthsource partners in calendar 2023. Effective january 1, 2024, healthsource partners continued to provide management services when terri donovan became the interim vice president of finance of mercy clinics and other related iowa organizations.”

“The sole member of mercy clinics is catholic health initiatives - iowa (mercyone des moines). See line 7 for additional information.”

“Mercyone des moines is the sole member of mercy clinics. Mercyone des moines has the right to appoint all persons to the board of directors of mercy clinics.”

“As sole member, mercyone des moines must approve certain decisions of the governing body, including the strategic plan, annual capital plan, and annual operating budget. Mercyone des moines must also approve significant changes such as a merger, dissolution, sale of assets in excess of certain limits, and modifications to governing documents.”

“Prior to filing, the form 990 for mercy clinics is reviewed by management. Each member of the board receives a copy of the return in its final form before it is filed with the internal revenue service.”

“Mercy clinics has adopted trinity health's governance policy no. 1, which sets forth the organization's conflict of interest policy and processes. It applies to all "interested persons" of mercy clinics, which includes directors, principal officers, key employees, and members of committees with board-delegated powers. Interested persons are expected to discharge their duties in a manner the person reasonably believes to be in the best interests of mercy clinics and to avoid situations involving a conflict of interest. On an annual basis, interested persons are required to complete a conflict of interest disclosure statement and to affirm their receipt of the conflict of interest policy, compliance with its requirements, and agree to notify the organization of changes impacting their annual disclosure in accordance with the policy. The annual disclosures are provided to the integrity and compliance officer, who collaborates with internal legal counsel to assess the conflict and identify a conflict management plan when necessary. Additionally, the integrity and compliance officer along with legal counsel prepares a report for the board chair and ceo. A summary of potential conflicts is reviewed with the board of directors of mercy clinics (or a delegated committee of the board) on a yearly basis. Interested persons are required to make full disclosure to mercy clinics of any financial or business interests that might result in or have the appearance of a conflict of interest. The board of directors of mercy clinics (or a delegated committee of the board) is responsible for the review of transactions to determine whether an actual conflict of interest exists. In the event of an actual conflict, the board (or a delegated committee of the board) will either avoid the conflict or appropriately scrutinize the transaction to ensure it is in the best interests of mercy clinics. Interested persons are required to recuse themselves from discussion and voting on matters involving a conflict of interest. The policy further addresses the proper documentation of the proceedings and potential disciplinary and corrective action for violations of the policy. The policy is available to the public upon request.”

“Questions 15a and 15b are answered "no" because the compensation for certain officers and key management officials of mercy clinics is established by trinity health, a related organization. In establishing president compensation, trinity health follows a process and policy that is intended to mirror the irc section 4958 guidelines for obtaining a "rebuttable presumption of reasonableness" with regard to compensation and benefits. As part of that process, the compensation and benefits of the president of mercy clinics are reviewed at least annually by the trinity health board or the trinity health human resources and compensation committee (hrcc) of the board, authorized to act on behalf of the board with respect to certain compensation matters. As part of its review process, the hrcc retains an independent firm experienced in compensation and benefit matters for not-for-profit health care organizations to advise it in the determinations it makes on the reasonableness of proposed compensation and benefits arrangements. For other executives who are not part of the rebuttable presumption process, trinity health uses a market analysis to determine the appropriateness of the executive's compensation.”

“Mercy clinics is a subsidiary organization in the trinity health system. Trinity health makes certain of its key documents available to the public on its website, www.trinity-health.org, in the "about us" section. In this section, the consolidated audited financial statements are publicly available. Mercy clinics' governing documents and conflict of interest policy are available upon request.”

“Individuals who work at mercy clinics are on the payroll of a related organization. These individuals' salaries and benefits are allocated to mercy clinics and are reported on part ix, lines 5 through 9.”

“Asset impairment -703,946.”

“Mercy clinics' financial statements were included in the fy24 consolidated financial statements of trinity health, which were audited by an independent public accounting firm.”

“Mercyone central iowa clinics mercyone medical group central iowa”