Hennepin Healthcare System Inc

“As per the corporate bylaws, the corporation shall have one class of members - a governing member. The governing member of the corporation is the county of hennepin of minnesota and is represented by the hennepin county board of commissioners.”

“The governing member, county of hennepin, minnesota has retained the rights, duties and privileges specified under the bylaws of hhs up to and including the authority to appoint the directors of hhs. The hhs board of directors is empowered to execute the rights, duties and privileges of the corporation to the extent as specified in hhs bylaws.”

“As explained in part vi line 7a, the governing member, hennepin county of mn retains the approval rights to appointing the hhs board of directors, the hhs budget, any additional indebtedness, finance committee recommendations and executive committee as well as approving the annual hhs health services plan which is required by state law.”

“The form 990 is completed and reviewed internally for accuracy, completeness, and validity, then submitted for external review. The form 990 is then reviewed by the finance committee and the hhs board of directors.”

“Hennepin healthcare system, inc. (hhs) has a policy on conflict of interest and confidentiality which requires that an interested person who is a director, officer, or member of a committee with board-delegated powers must disclose in writing when possible, or orally when time does not allow for written disclosure, the existence and nature of his/her relationship or material financial interest to the directors and members of committees with board-delegated powers considering the proposed transaction or arrangement at or prior to the meeting of the board or committee considering the proposed transaction or arrangement. An interested person shall not attempt to exert his or her personal influence with respect to the matter either at or outside the meeting. Copies of disclosures are maintained by corporate legal counsel who also does monitoring. Every year, the organization is audited separately from hennepin county of minnesota and a separate audit report is prepared and presented to the board of directors and to the hennepin county, mn board of directors.”

“Hhs board of directors engages an independent consulting firm expert to evaluate the base and total cash compensation for the ceo and other top officials. The comparable data collected by the independent consulting firm expert relevantly applies revenue, employee size and geographic location in delineating the comparison group. The data is reviewed by the compensation subcommittee and further submitted for discussion and approval by the hhs board of directors.”

“The financial statements are available on the organization's website and available upon request.”

“286 volunteers served a total of 14,106 hours during the year 2024. Volunteering at hhs gives qualified and interested individuals the opportunity to provide patient support services within our community of diverse volunteers, staff, visitors, and patients. Volunteers supplement and enhance hospital-based patient support services and programs. A volunteer service coordinator will work with a volunteer to find a position that fits their schedule and interests from among various openings. The reported volunteers include ten (10) uncompensated independent board members who served during the year 2024.”

“Related party net asset transfer -638,142.”