Covenant Medical Center Inc

“The sole member of covenant medical center (mercyone waterloo) is wheaton franciscan healthcare-iowa. See line 7 for additional information.”

“Wheaton franciscan healthcare-iowa is the sole member of mercyone waterloo. Wheaton franciscan healthcare-iowa has the right to appoint all persons to the board of directors of mercyone waterloo.”

“As sole member, wheaton franciscan healthcare-iowa must approve certain decisions of the governing body, including the strategic plan, annual capital plan, and annual operating budget. Wheaton franciscan healthcare-iowa must also approve significant changes such as a merger, dissolution, sale of assets in excess of certain limits, and modifications to governing documents. As the parent of wheaton franciscan healthcare-iowa, certain powers are reserved to mercy health network. These include the authority to approve changes to the organization's governing documents, to approve major changes such as a merger or dissolution, and to approve significant finance matters in excess of certain limits established by mercy health network.”

“Prior to filing, the form 990 for mercyone waterloo is reviewed by senior management. In addition, certain key sections of the form are reviewed by the board of directors. Each member of the board receives a copy of the return in its final form before it is filed with the internal revenue service.”

“Mercyone waterloo 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 mercyone waterloo. 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 mercyone waterloo 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 mercyone waterloo (or a delegated committee of the board) on a yearly basis. Interested persons are required to make full disclosure to mercyone waterloo of any financial or business interests that might result in or have the appearance of a conflict of interest. The board of directors of mercyone waterloo (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 mercyone waterloo. 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.”

“Question 15a is answered "no" because the compensation for mercyone waterloo's coo is established by trinity health, a related organization. In establishing coo compensation, trinity health uses a market analysis to determine the appropriateness of the executive's compensation. Line 15b: in establishing officer and key employee compensation, mercyone waterloo follows a process which includes the following: use of an independent compensation consultant and compensation study, use of a written employment contract, and review and approval by the coo, authorized to act on behalf of the board with respect to certain compensation matters. This process is performed annually.”

“Mercyone waterloo 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. In addition, mercyone waterloo includes a copy of its most recently filed schedule h on trinity health's website. Mercyone waterloo's governing documents and conflict of interest policy are available upon request.”

“Equity transfers from affiliates 4,144,306.”

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

“Arrowhead medical center covenant clinic covenant clinic eap covenant family pharmacy covenant home health covenant home medical covenant occupational health covenant wellness center jesup pharmacy laporte city pharmacy mercyone arlington family medicine mercyone medical group-northeast iowa mercyone northeast iowa centralized credentials verification org mercyone northeast iowa clinic mercyone waterloo medical center occupational medicine & wellness wellness services”