Pender Memorial Hospital Incorporated

“Form 990, part vi, section a, line 6: classes of members or stockholders the organization is a north carolina non-profit corporation with a sole member, novant health new hanover regional medical center, llc ("nhnhrmc").”

“Form 990, part vi, section a, line 7a: election of members and their rights the organization's sole member, nhnhrmc, appoints four members of the organization's board. Pender county board of commissioners appoints six members of the organization's board.”

“Form 990, part vi, section a, line 7b: decisions subject to approval of members except for reserve powers specifically delegated to the board by the governing documents, or actions requiring county approval per the master transaction agreement, the sole member has the power to manage the affairs and operations of the organization as permitted by law and by the governing documents. The sole member has the exclusive right to approve amendments to the governing documents of the organization.”

“Form 990, part vi, section b, line 11: organization's process to review form 990 the board delegates review of the form 990 to novant health's board of trustees' audit and compliance committee ("the committee"), which oversees tax matters for entities in the novant health system. The committee is the review body for all of the form 990s filed for tax-exempt organizations within the novant health system. The committee is provided a copy of form 990 and meets to address any questions and significant disclosures within the form 990 prior to its filing with the irs.”

“Form 990, part vi, section b, line 12c: monitoring and enforcement of coi novant health's trustee conflict of interest policy, applicable to the filing organization, applies to all trustees, principal officers or members of a committee with board delegated powers including any applicable disregarded entities. All trustees are sent an annual disclosure questionnaire. The trustee annual disclosure questionnaires are reviewed by the compliance and tax departments. With respect to particular transactions that come before the board, the conflict of interest policy would be followed. The potential conflict of interest would be disclosed by the board member before a vote on the transaction and the rest of the board would determine whether a conflict of interest exists. If the rest of the board determined that a conflict of interest existed then the board member with the conflict of interest would not participate in the deliberations and vote.”

“Form 990, part vi, section b, line 15a/15b: the filing organization is an integral part of novant health, an integrated healthcare system. Independent and disinterested board members of the parent organization, novant health, inc. Board of trustees (who comprise the compensation and leadership committee of the board), review, approve, and oversee all aspects of compensation and benefits for certain leaders ("executives") serving as officers, including the top management & financial officials, or key employees for novant health entities. The committee works with an independent compensation consultant and uses third party comparability data for functionally similar positions at comparable organizations to ensure that total compensation and benefits for each executive is reasonable. The committee reviews and approves executive compensation and benefits annually, consistent with the written executive compensation philosophy of novant health, and in a manner that qualifies for the rebuttable presumption of reasonableness.”

“Form 990, part vi, section c, line 19: governing documents disclosure the audited consolidated financial statements containing all organizations in the novant health system are posted to the novant health website. The governing documents and conflict of interest policy are not available to the public.”

“Novant health, inc, a related organization, is responsible for certain corporate support functions of the filing organization, including accounts payable and issuance of forms 1099. Information reported in part vii, section b represents expenses paid by novant health, inc. On behalf of the filing organization to independent contractors over $100,000.”

“Novant health, inc. Is a non-profit integrated network of more than 900 locations, including 19 medical centers, more than 750 physician clinics and urgent care centers, outpatient facilities, and imaging and pharmacy services. Novant health's more than 40,000 team members along with more than 8,500 independent and employed clinicians care for patients and communities in north carolina and south carolina. The novant health integrated healthcare system operates to carry out its charitable mission of creating a healthier future for the communities it serves and delivering a remarkable patient experience. Novant health accomplishes that mission by providing and supporting excellent healthcare facilities and physician practices and by making a commitment to community outreach/service through the provision of community benefit programs. By bringing together world-class technology and clinicians to provide quality care, novant health is committed to creating a healthcare experience that is simpler, more convenient and more affordable so patients can focus on getting better and staying healthy. In 2024, novant health provided more than 7 million patient visits and over $1.6 billion of community benefit expenditures system-wide. In addition to providing a high quality, comprehensive catalog of healthcare services, novant health offers a robust patient financial assistance program, working with its patients to assist with establishing reasonable payment plans, discounting patient bills and providing free care for those that qualify under its financial assistance policy. Pender memorial hospital, incorporated, doing business as novant health pender medical center ("nhpmc"), is an integral part of the novant health system. Nhpmc is licensed for 43 beds, but operates as a critical access hospital in burgaw, north carolina, with 25 beds offering emergency care, surgery, imaging, infusion therapy and physical rehabilitation services. The hospital offers residents of pender county and surrounding communities a convenient and friendly place to receive care and treatment. Novant health has invested in the hospital's continued growth. Community outreach community outreach is a critical component to the mission of novant health. The healthcare system provides hundreds of programs that serve patients, neighbors, and some of the communities' most vulnerable citizens. Novant health also provides financial assistance (i.e., charity care) for its qualified uninsured patients, catastrophic settlements and long-term payment plans to medically indigent patients, services to patients with medicare, medicaid, and other government medical program coverage (reimbursed at less than cost), community health education, support groups, subsidized outreach services, and community events/screenings. In addition, novant health participates in medical research, as well as academic health programs and partnerships with a diverse group of organizations to provide other community initiatives. Novant health is also committed to supporting the communities it serves through charitable contributions to community-based programs that improve health equity and upward mobility for those who need it most. Toward that goal, novant health invests in community-based programs that align with its two investment priorities of developing healthy communities and expanding opportunities for healthcare education. The annual novant health community impact report, available at https://www.novanthealth.org/about/community/community-health-needs/, includes qualitative and quantitative information regarding the healthcare system's community benefit efforts and achievements. For 2024, novant health's system-wide community benefit expenditures totaled approximately $1.61 billion, including $139 million of financial assistance. Note: numeric data in this report is not based upon form 990, schedule h instructions, but rather in accordance with north carolina healthcare association community benef”

“In the spirit of keeping our focus on patient-centered, equitable and compassionate care while ensuring our organization is sustainable for future generations, we have restated our mission, vision and values and are now guided by our cause. Our cause we create a healthier future and bring remarkable experiences to life. Discover we consistently seek to innovate, courageously transform ourselves and find new ways to add value for our patients, communities and one another. Empower we provide one another, our patients, families and communities with the resources and environment to create shared accountability and action. Thrive we demonstrate equity, empathy, safety and quality to help each other, and our communities grow and succeed. Together we work as a trusted team with our unique perspectives, life experiences and expertise to bring remarkable to life in every interaction. We all belong.”

“BOOK ADJUSTMENT 38,481.”