Suburban Hospital Inc

“1. Mark futrovsky is a trustee of suburban hospital. Julie futrovsky is a trustee of suburban hospital foundation. Mr. Futrovsky and ms. Futrovsky have a family relationship.”

“Johns hopkins health system corporation an irc 501(c)(3) tax exempt organization, is the sole corporate member of suburban hospital, inc.”

“Johns hopkins health system corporation, an irc 501c (3) tax exempt organization and the sole member of suburban hospital, inc. Elects the majority of the board of trustees.”

“The governing body of suburban hospital, inc. Is empowered by its by-laws to make certain decisions; all other decisions are subject to approval of the sole member johns hopkins health system corporation.”

“A copy of the form 990 is provided electronically to the organization's governing body before it is filed. The form 990 is provided to the organization's trustees and appropriate officers, who are given the opportunity to ask questions and provide feedback before the form 990 is filed.”

“The conflict-of-interest policy is a part of the annual disclosure statement process. All officers, directors, trustees, and key employees are required to report any conflicts of interest and to comply with the conflict-of-interest policy. Conflicts of interest are deteremined at a health system level and include the organization and all of its affiliates. The organization's legal department is responsible for reviewing all the actual or potential conflicts of interests and for determining appropriate action to eliminate or manage the conflict of interest. If a conflict arises, the affected member must (1) refrain from any attempts to either directly or indirectly influence the decision making process in which there exists a potential for conflicts of interest; (2) refrain from participating in any discussions leading to the approval or disapproval of the transaction creating the conflict, except to disclose material facts relating to the confict; and (3) abstain from voting on the transaction creating the conflict or transmitting any other opinion, including not being present in the room when the vote is taken, unless the vote is by secret ballot. Furthermore, the organization's intermediate sanctions transaction review committee reviews and determines whether a proposed transaction between a trustee, officer, key employee or disqaulified person and the organization would create an excess benefit to such trustee, officer, key employee or a disqaulified person, or whether such proposed transaction qualifies for a rebutable presumption against excess benefit.”

“The compensation committee of the board of johns hopkins medicine, on behalf of the organization, reviews the performance and approves the compensation of the officers and key personnel of the organization. In reviewing and approving compensation, the committee relies on appropriate market data for comparable jobs in organizations, and ensures that such data indicates the compensation ordinarily provided by similarly situated organizations, under like circumstances. Deliberations and decisions of the committee regarding the compensation arrangements are documented in the form of minutes of committee meetings, and copies of all comparability data and reports retained.”

“Internal policies, including conflict of interest policy, are provided to the public on the organizations website. Financial statements are available upon request, the governing documents have been made available in our public filing with the state of maryland and the internal revenue service.”

“Pursuant to the coronavirus aid, relief, and economic security (cares) act, suburban hospital, inc. Recognized $640,641 of funding from the employee retention credit (erc) administered by the internal revenue service, a bureaus of the u.s. Treasury department during fy24. This amount has been recognized as grant revenue on part i, line 8 of the organization's form 990.”

“Change in fund status of defined benefit plans -2,839,000. Net assets released from restriction 2,525,406. Change in pension 59,000. Unrealized gain on investment 25,502,225. Contributions to affiliates -1,448,431.”