Madonna Rehabilitation Systems

“Various services such as pharmacy, environmental services, food services and other services are contracted through the bellevue medical center; an outside medical corporation. No current or former officers, directors, trustees, key employees, or highest compensated employees were compensated by bellevue medical center during the tax year.”

“Madonna rehabilitation hospital, a nebraska nonprofit corporation, is the sole member of madonna rehabilitation systems.”

“The diocesan health ministries may designate one member of the organization's board of directors, as provided in the organization's articles of incorporation.”

“The following reserve powers are vested in the sole member, madonna rehabilitation hospital: the board of directors shall approve and forward to the member, for final approval: (i) changes in philosophy and mission; (ii) matters involving sale, lease, transfer, exchange, disposition, pledge or alienation of real property in excess of five hundred thousand dollars ($500,000.00); (iii) matters involving purchase and/or encumbrance with debt, in any way, of real property in excess of five hundred thousand dollars ($500,000.00); (iv) lay members nominated to serve on the board of directors; (v) amendments, alterations or changes in the articles of incorporation or bylaws; (vi) the annual capital budget; (i) president and ceo selection; and (ii) merger, consolidation, dissolution. The board of directors approves and forwards to the member, for its review: the annual report; and the operating budget.”

“Prior to filing the organization's form 990, the chief financial officer presents the completed form 990 and an executive overview of the form 990 to the board of directors at a regularly scheduled meeting. Upon board resolution to accept the form 990 the form 990 is filed with the internal revenue service.”

“The organization annually distributes its conflict of interest policy and disclosure form to directors, officers and key employees. The responses are reviewed by the board of directors and its counsel, and any appropriate action is taken, based upon those responses and the subsequent review.”

“The ceo is compensated by the related entity, madonna rehabilitation hospital. The following is the executive compensation plan for madonna rehabilitation hospital. Madonna executive compensation plan the executive compensation committee will make recommendations for the annual compensation of the chief executive officer (ceo), chief operations officer (coo), and chief financial officer (cfo). The madonna executive compensation plan requires national salary benchmarks be used for the ceo, coo and cfo positions. Base salary: the executive compensation committee annually determines the ceo's base salary by reviewing 990 data from nonprofit rehabilitation hospitals at a national level. The data from nonprofit rehabilitation hospitals should be for hospitals within approximately plus or minus 50% of madonna's gross revenues recognizing a need for a minimum of at least eight comparable sized institutions. The analysis includes calculating the salaries for benchmark firms provided by the director human resources. Comparative salaries for the coo and cfo will be provided to the executive compensation committee of the board. The philosophy is to match the compensation of other non-profit rehabilitation hospitals, using the same guidelines as outlined in paragraph 1. Above.”

“Summarized financial information is made available to the public on an annual basis through the publication of the hospital's public annual report. In addition, the public annual report is available on the hospital's website. The hospital's governing documents and conflict of interest policy are not available to the public.”

“Madonna rehabilitation systems is part of a consolidated group of related organizations and was included in the consolidated audited financial statements at june 30, 2016. No independent audit was performed for madonna rehabilitation systems individually.”