Calverthealth Foundation Inc

“CalvertHealth Medical Center, Inc. compensates the executive of the organization and the organization relies on CalvertHealth Medical Center, Inc. to utilize the following methods in establishing compensation: contemporaneous substantiation of the decision-making process, Form 990 of other reorganizations, written employment contract, independent compensation consultant, compensation survey or study, and approval by the board or compensation committee.”

“The sole member of the Foundation shall be CalvertHealth Medical Center, Inc.”

“The member shall have the power to elect and remove Trustees.”

“The member shall have an exercise all powers conferred upon members of non-stock corporations by the laws of the State of Maryland, including, without limitation, the power to approve any amendment to the Charter or Bylaws of the Foundation and the power to elect and remove Trustees.”

“The form 990 is reviewed by the audit committee of the calvert health system, inc. Board of directors after completion and prior to submission to the irs. The document is delivered to the committee members prior to the committee meeting so that they can review the information and respond to or question any or all of the data. The chief executive officer and chief financial officer are present at the audit committee meeting.”

“Calvert Health System, Inc. and Subsidiaries (The Health System) have a conflict of interest process. At it's core are three distinct policies; one each for the Board of Directors, Medical Staff, and all Employees and associates of the Health System. These policies require all organization leadership, as well as rank and file associates in key positions or with relationships with outside parties that do business with the Health System, to disclose any actual or potential conflict of interest. Annual disclosures are required and documented with a further requirement to promptly supplement when an actual or potential conflict is discovered or created. The Health System require that these policies by construed broadly to avoid the appearance of improper activity and requires disclosure and resolution of potential conflicts as well. The process is overseen by the Chief Compliance Officer of the Health System who has access to external resources, including outside counsel. Remedies range from disclosure and monitoring for the most attenuated potential conflicts to resignation/termination for unresolvable conflicts.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“The organization did not complete part v, lines 8 & 9 because it did not sponsor any donor advised funds.”

“The financial statements of the organization are audited by an independent acounting firm as part of the consolidated audit of the health system.”

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