Frederick Health Hospital Inc

“The executive compensation program is designed to carry out the health system mission, to achieve the charitable purpose, to attract, retain, motivate and reward executive management, and to maintain a competitive position with peer organizations in the region. Oversight of the executive compensation program is provided by the executive compensation committee of the board, composed of the board chairman, vice chairman, immediate preceding chairman, chairman of the finance committee and the chairman of the governance committee. In addition to the board's compensation committee, we utilized an external independent consultant and market surveys for all executive management. The president and ceo has a written employment contract.”

“The sole member of the organization is frederick health, inc.”

“The sole member, frederick health, inc., has the power to appoint the president/ceo and the directors of frederick health hospital.”

“The member, frederick health, inc., must approve the incurrence of debt if such debt exceeds a certain amount to be designated by the member, capital expenditures exceeding a certain amount to be designated by the member, the decision to dissolve or liquidate, the creation of a subsidiary, and amendments to the bylaws.”

“The 990 is prepared in conjunction with outside tax accountants and reviewed by upper management prior to providing a copy to the board. A copy of form 990 is provided to all members of the board prior to filing.”

“The frederick health hospital, inc. Board of directors is committed to meeting its fiduciary responsibilities and maintaining its duty of loyalty to the hospital and the community it serves. To this end, the board will exercise vigilance in identifying any conflicts of interest. The board will also maintain transparency and objectivity in making decisions about conflicts of interest so that the organization's mission is always the first priority. The chairperson (or vice chairperson if the chair is involved) will notify all directors of a reported conflict of interest and decide whether to take the matter to the full board to decide whether a conflict exists and, if so, what action to take, or will refer the matter to the governance committee for an in-depth examination, summary, and recommendation prior to a full board discussion and decision. If time is of the essence, the chairperson or vice chairperson will take the matter to the executive committee for discussion and a decision, and will then notify the full board. Where a conflict of interest has been identified, the board member shall not vote or be present for the discussion or the vote regarding the transaction at the full board, executive committee, or governance committee meetings, except to answer questions that may be asked of him or her. To prevent actual or perceived influence on the board's decision, the conflicted member is prohibited, after initial disclosure, from discussing the conflict of interest either formally or informally with fellow directors or with members of the management. There will be an annual review of all board members and officers transactions prepared by the administration and reviewed by the governance committee and the full board of directors. At that time, all directors will be reminded of the irs intermediate sanctions regulation that establishes excise taxes as a sanction against administrators and directors of tax exempt organizations who participate in 'excess benefit transactions' (e.g., unreasonably high employment compensation or business deals).”

“GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FREDERICK HEALTH HOSPITAL, INC. CONSOLIDATED ANNUAL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE AT https://www.frederickhealth.org/documents/FY24-Frederick-Health-Inc.-and-Subsidiaries_24-23.pdf”

“(Expenses $ 244,310,469 including grants of $)(Revenue $ 199,058,393) OTHER PROGRAM SERVICES INCLUDE BEHAVIORAL HEALTH, CARDIOLOGY, SLEEP, HOSPICE & HOME CARE, IMAGING, WOMEN AND CHILDREN AND WOUND CARE. THE PROGRAM SERVICES EXPENSE LISTED HERE INCLUDE $60.4 MILLION OF GENERAL AND ADMINISTRATIVE EXPENSES IN MEETING THE HEALTH NEEDS OF OUR PRIMARY SERVICE AREA.”

“CONTRACT SERVICES - Total Expense: 32232226, Program Service Expense: 28125971, Management and General Expenses: 4093812, Fundraising Expenses: 12443; PROFESSIONAL FEES - Total Expense: 21293020, Program Service Expense: 20426904, Management and General Expenses: 866116, Fundraising Expenses: ; CONTRACT LABOR - Total Expense: 10207753, Program Service Expense: 10207753, Management and General Expenses: , Fundraising Expenses: ; OTHER EXPENSES - Total Expense: 7562985, Program Service Expense: 6892122, Management and General Expenses: 670119, Fundraising Expenses: 744; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ;”

“Intercompany loan forgiveness - -26033000; assets released from restrictions - 4647000; joint venture income - 3267348; restricted gifts, bequests & contributions - -55724;”

“The process has not changed since the prior year.”