Valley Children'S Healthcare

“A draft of the form 990 is uploaded to a secured board portal prior to the filing date. Board members are asked to review the form 990 and present any questions they may have to the cfo. In addition, a meeting is held to review the form 990 and provide for additional time to answer questions. Changes can then be made if warranted before the 990 is filed.”

“The healthcare board of trustees maintains a conflict of interest policy within corporate bylaws. The policy requires each trustee to disclose personal financial interests by executing annual statements and reporting specific interests on an ad hoc basis. A standing valley children's healthcare governance committee is tasked to review disclosed interests, to assess whether a conflict of interest exists and make recommendations regarding further action as may be necessary to mitigate or eliminate a conflict. Healthcare support staffs are employed by valley children's hospital and are therefore subject to the hospital's conflict of interest policy.”

“The officers and support staffs are employed by the hospital. As such, healthcare does not have employees that it pays directly. As provided by the valley children's healthcare bylaws, a compensation committee has been established that consists of a chair and at least three members of the board of trustees. The primary role of this committee is to ensure that compensation is reasonably related to the duties performed for the network and with the competitive employment market. Duties and activities specific to ceo, officers, and key employees of the organization include: 1) periodic review based on the independent advice of an external qualified compensation consultant 2) review of market data for equivalent positions 3) review and approval of terms and conditions of the ceo's employment and oversight to assure formal and timely performance assessments are conducted 4) review and approval of executive level compensation to assure that terms and conditions of employment are market competitive”

“A copy of articles of incorporation is on file with the california secretary of state. A copy of the corporate bylaws is available to the general public upon request. Conflict of interest management is described in article 10 of the bylaws. The hospital prepares consolidated annual financial statements which are audited by an independent accounting firm prior to submittal to relevant state agencies.”

“The organization's board of director's adopted a written policy in 2025 governing joint venture participation. However, this policy was not operative during the applicable tax year. However, as a matter of practice, any joint venture or other arrangement would be reviewed by both internal and external legal counsel, as well as other qualified advisors, to consider the impacts of the joint venture or similar arrangement on the tax-exempt status of the organization.”

“Contribution of capital to valley children's holdings i, llc -1,155,013.”