Mary Washington Healthcare

“Management completes a draft of the internal revenue service (irs) form 990 information return for mary washington healthcare and its subsidiaries. This draft is submitted to the finance committee of the organization's board of trustees. The form 990 and underlying information are presented to and reviewed by this committee. If the contents of the 990 return are deemed accurate and acceptable by the committee, this body recommends acceptance of the return by the full board of trustees. The form 990 return is subsequently presented to and reviewed by the organization's board of trustees. If deemed accurate and acceptable the board accepts the return through a formal motion. As part of this process, the draft return is posted on the board's website where it remains available for review even after formal acceptance by the board. The form 990 return is also available to members of the board of trustees as well as the general public on mary washington healthcare's website (www.mwhc.com).”

“Every trustee and executive is required to disclose any and all conflicts. The disclosures are made annually and submitted to the mary washington healthcare chief compliance officer (cco). The cco presents all conflicts to the enterprise risk management committee of the board of trustees. The chairman of the enterprise risk management committee reports all conflicts to the full board. Conflicts are continually and actively managed. At each meeting, the chair asks if anyone at the meeting has a conflict to disclose. Individuals with conflicts disclose their conflicts and the related topic. The individual then recuses him/herself from any decision related to that topic. The conflict of interests policy is reviewed annually by the board of trustees.”

“Mary washington healthcare utilizes an executive compensation committee with the purpose and authority to establish processes to ensure fair and complete compensation for the ceo and executive leadership. In order to ensure compensation paid is set at fair market value, the executive compensation committee utilizes compensation survey data and form 990 information from comparable health systems and the services of an independent compensation consultant. Such independent third party data provides assurance that executive compensation is commercially reasonable and at a fair market value.”

“Governing documents, conflict of interest policy and financial statements are available to the public upon request.”

“Contract personnel: program service expenses 1,590,435. Management and general expenses 23,022. Fundraising expenses 7,782. Total expenses 1,621,239. Consulting services: program service expenses 6,594,718. Management and general expenses 95,459. Fundraising expenses 32,268. Total expenses 6,722,445. Billing and collection services: program service expenses 2,081,475. Management and general expenses 30,129. Fundraising expenses 10,185. Total expenses 2,121,789. Asp services: program service expenses 6,688,016. Management and general expenses 96,809. Fundraising expenses 32,724. Total expenses 6,817,549. Storage services: program service expenses 88,524. Management and general expenses 1,281. Fundraising expenses 433. Total expenses 90,238. Waste disposal services: program service expenses 27,212. Management and general expenses 394. Fundraising expenses 133. Total expenses 27,739. Maintenance contracts: program service expenses 673,329. Management and general expenses 9,746. Fundraising expenses 3,295. Total expenses 686,370. Physician services: program service expenses 1,136,921. Management and general expenses 16,457. Fundraising expenses 5,563. Total expenses 1,158,941. Miscellaneous services: program service expenses 207,503. Management and general expenses 3,004. Fundraising expenses 1,015. Total expenses 211,522.”

“Minimum pension liability 11,107,694. Income (loss) of subsidiaries 75,258,232. Income (loss) attributable to noncontrolling interest -13,030,659.”

“Responsibility for oversight of the audit and selection of auditors rests with the finance committee of the board of trustees”

“Provision of health care. Mary washington healthcare was organized to act as the parent corporation in the mary washington healthcare affiliated group, and to engage in such activities for the benefit of, to perform the functions of, and to carry out the purpose of mary washington hospital, stafford hospital and its affiliated organizations in the system.”

“Abbreviations: mwhc - mary washington healthcare mwha - mary washington health alliance mpi - medicorp properties, inc. Mwhc clinical - mary washington healthcare clinical services, inc. Mwhc services, inc. - mary washington healthcare services, inc. Medidoctors h.c. - medidoctors holding company”

“Mwhc as a part of its mission provides strategic planning and direction for all of its affiliates. Irs regulations treat management fees received from taxable subsidiaries as unrelated business income. As a result, the revenue reported on line 7a is income from taxable subsidiaries for provision of management fees and loss sustained is a result from allocations of corporate services provided in excess of the revenue received. No such mangement fees were received in 2024.”