Hamilton Medical Center Inc

“The regular trustees of the organization are appointed by the board of trustees of hamilton health care system, inc.”

“Certain capital expenditure and contractual commitment decisions must be subsequently approved by the hamilton health care system board of trustees.”

“The form 990 is prepared by an independent cpa firm and reviewed by executive management. Subsequently, a draft copy of the unfiled form 990 is posted to a secure page on the hamilton health care system website for review and comment by all members of the boad of trustees prior to filing with the internal revenue service.”

“The organization has a clear and detailed conflict of interest policy which establishes a procedure for identifying, reviewing and addressing conflicts of interest. This policy also required each trustee and officer of the organization to annually sign a statement acknowledging receipt of the conflict of interest policy.”

“Under a board resolution, the finance & audit committee of hamilton health care system has the authority to take action on behalf of the board with respect to the compensation of officers and key employees. The finance & audit committee of hamilton health care system maintains minutes of its procedures. On an annual basis the finance & audit committee of hamilton health care system will meet to set the annual compensation of the president/ceo. This action is based on consultation with a third party consulting firm to review the total compensation of the ceo and key employees such that total compensation packages are considered fair market and not excessive.”

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

“During the year ended september 30, 2024, hamilton health care system, doing business as vitruvian health, completed the purchase of tennova healthcare - cleveland. The facility will be renamed vitruvian health - bradley medical center and is wholly-owned by hamilton medical center as a single member limited liability company. Bradley medical center is a 351-bed regional hospital offering specialized services, including an accredited chest pain center and orthopedic joint center. Vitruvian health is committed to investing in bradley medical center and its associated practices and locations through capital expenditures, expanding and reinforcing clinical capabilities, fortifying recruitment and retention efforts, and maintaining a commitment to providing care close to home. This will expand vitruvian's mission of providing quality healthcare across additional communities, including southeast tennessee.”

“Other: program service expenses 42,779,303. Management and general expenses 2,820,000. Fundraising expenses 0. Total expenses 45,599,303.”

“Distribution to related entity (hpg) 19,035,582. Change in liability claims accrual 4,125,444. Transfer of investment to(from) liability claims trust -1,500,000. Purchase of equity in bradley entities 902,844.”

“Financial statements of hamilton medical center, inc are audited on a consolidated basis to include hamilton ambulatory surgery center, inc. And hamilton physician group, inc, both of which are wholly-owned subsidiaries exempt under section 501(c)(3).”