Tidalhealth Peninsula Regional Inc

“Business relationships steven leonard and memo diriker are members of the board of directors of peninsula health ventures, a wholly-owned taxable subsidiary of tidalhealth, inc. Stephanie gary, tpr's cfo, also serves as secretary/treasurer of peninsula health ventures.”

“Members or stockholders tidalhealth, inc. Is the sole corporate member of tidalhealth peninsula regional, inc.”

“Election of members of governing body in its capacity as the sole corporate member of the organization, tidalhealth, inc. Has the ability to elect members of the organization's governing body.”

“Decisions subject to approval as the sole corporate member, tidalhealth, inc. Has the ability to approve major expenditures and long-term borrowings of the organization.”

“Form 990 review process oversight of the completion of the organization's form 990 has been delegated to the chief financial officer of tidalhealth, inc. By the president of the organization. Once the form 990 and all schedules have been prepared by the organization's independent tax services provider, they are reviewed by the president prior to filing. A copy of the form 990 was made available to all members of the governing body prior to the filing with irs.”

“Conflict of interest policy monitoring & enforcement the board of directors are required to disclose annually, in writing, any and all interests which they or any immediate member of their family may have in any business entity which has or seeks a contractual or competitive relationship with the organization. The board has the authority to determine if a violation has occurred and whether any interest which should be disclosed should disqualify a director from participating in any specific board discussion or board membership. All disclosures are reviewed by the organization's chief compliance officer. Any conflicts are presented to the board. If a person is conflicted, they will recuse themselves from all discussions and deliberations to which they would appear to be conflicted.”

“Process for determining compensation a compensation committee of tidalhealth inc. (thi), the sole corporate member of the filing organization, determines the compensation of the ceo/executive director of the organization. The compensation committee uses an independent consultant, compensation surveys, and other organization's form 990 in the determination process and keeps contemproaneous records of decisions made.”

“How documents are made available to the public the organization's governing documents, conflict of interest policy, financial statements, and form 990 are available to the public upon request to the public information office of tidalhealth peninsula regional at 100 east carroll street, salisbury, md 21801.”

“The filing organization has entered "0" in part v, line 1a and line 2a because the organization's 1099 and w-2 returns are filed by and under the name and ein of tidalhealth, inc., a related entity, under a shared services agreement. Accordingly, the required disclosures related to employees and independent contractors are included on the form 990 of tidalhealth, inc.”

“Professional fees: program service expenses 77,407,003. Management and general expenses 9,321,535. Fundraising expenses 226,082. Total expenses 86,954,620.”

“Tax exempt bonds in may 2020, mhhefa authorized the issuance of $95,995,000 aggregate principal amount of revenue bonds (series 2020a revenue bonds) at a premium of $5,944,000. The obligated group for the 2020a consists of tidalhealth, inc., tpr, and tn. Supplemental information on tax-exempt bonds reported on schedule k of form 990 for tidalhealth inc., the parent organization.”

“Pension adjustment 1,511,635. Change in endowment 880,239. Investment in subsidiaries -124,317,759.”