Calvert Memorial Hospital Foundation

“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. Prior to submission to the irs, a copy of the final form 990 is sent by secure email to each of the board members of the calvert memorial hospital foundation for their review. Any additional comments or questions from board members are responded to prior to filing the form 990.”

“Calvert health system, inc. And subsidiaries (the health system) have a conflict of interest process. At its 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 organizational 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 requires that these policies be 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.”

“Calvert memorial hospital (cmh) determines the compensation of the ceo, officers and key employees. Cmh utilizes a written employment contract, an independent compensation consultant, a compensation survey or study and approval by board/compensation committee to determine compensation of its ceo. Cmh utilizes an independent compensation consultant, a compensation survey or study and approval by the board/compensation committee to determine compensation of its officers and key employees.”

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

“Recapture of uncollectible pledge 5,000. Net assets released from restriction -313,442.”

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

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