Hospice of Health First Inc

“The sole member of hospice of health first, inc. Is health first shared services, inc., a florida not-for-profit corporation that serves as the corporate parent of the health system.”

“Health first shared services, inc. (hfss), a section 501(c)(3) exempt organization and the parent of the exempt healthcare system, is the sole corporate member of the filing organization with the power to elect or appoint any members of the governing body.”

“Per the bylaws and the laws of the state of florida, the administrative power of the corporation shall be vested in the board of trustees which shall have charge, control and management of property, affairs and funds of the corporation. The board of trustees shall not take any action with respect to the following without approval of the member: -any change in the mission, purpose or scope and operation; -the incurrence of long-term debt or guarantee the debt of another; -the approval of the sale, lease, purchase, conveyance or other disposition of any real property or any personal property having a fair market value in excess of $1,000,000; -the approval of the sale, lease, purchase, conveyance or other disposition of all or substantially all of the assets; -the approval of annual operating and capital expenditure budgets and any material deviations therefrom; -the approval of the appointment or engagement of all auditors and legal counsel and the engagement of consultants involving expenditures in excess of $50,000 annually; -the approval of any significant changes of human resource and employee benefit, accounting, financial and other policies and procedures; -the approval of strategic and long-range plans, major fundraising programs and financial commitments (over and above those contained in approved budgets) in excess of $1,000,000; -the creation, acquisition, sale, purchase, dissolution or other disposition of any affiliated or controlled entity or any joint venture or any interest in any such entity; -the relocation, implementation or discontinuation of a major program or service; -the approval of managed care agreements; -the repeal, amendment or restatement of articles of incorporation and bylaws of the corporation; and -election of members to the board of trustees and the filling of any vacancies occurring among the trustees between annual meetings.”

“The form 990 was prepared by health first's tax department and then reviewed by the system controller. After review and approval by the executive vp cfo, the form 990 is sent to each member of the board of trustees electronically for their review and approval prior to filing.”

“A copy of the conflict of interest policy is provided to all associates, including management, upon new hire orientation and thereafter as part of the annual e-learning required for all associates. All individuals must review and electronically attest that they have agreed to the terms noted in the policy on an annual basis. In addition, senior leadership and bod members on an annual basis are required to complete a conflict of interest questionnaire prepared and monitored by the chief compliance officer. The questionnaire requires an attestation stating that the individual is free of conflicts should they not report anything of concern. These forms are tracked and kept on file. Should a conflict arise, the chief compliance officer investigates the issue and determines a course of action to ensure enforcement of the policy.”

“The compensation process is determined by the parent company. The parent company's process is as follows: the salaries of our ceo and other health executives are reviewed and recommended annually to the board of trustees and approved in executive session by the full board of health first shared services. Health first shared services contracts annually with a highly respected national consulting firm to provide these recommendations to ensure that our executives are compensated fairly and competitively when compared with similar roles in other healthcare organizations nationally. The compensation committee is independent for internal revenue code section 4958 for the individuals whose salary is reviewed. Minutes are kept for all board of trustees and compensation committee meetings. The process is documented contemporaneously in the board and committee meetings.”

“Quarterly and annually consolidated financials and consolidated statistical information is filed electronically on www.dacbond.com and is available to the public. In addition, any requests made to the chief financial officer for the above referenced items are provided upon request in a timely manner. A copy of the conflicts of interest policy and governing documents is available upon request to the compliance officer.”

“Taylor k. Smith: former interim ceo hfi / trustee end 8/5/2024 matthew f. Gerrell former sr. Vp of strategy/ president/trustee end 12/2023 frank s. Letherby: former president /senior vp community health svc. / trustee end 8/8/2024”

“The accounting period for calendar year 2024 is a short-term calendar year filing. The accounting period changed from fiscal year (october 1st - september 30th) to calendar year (january - december). For calendar year 2024 filing the period is covering october 1, 2024 - december 31, 2024. This change was necessary to simply operations and enhance comparibility.”

“Transfer of net assets to a related tax-exempt -1,714,653. Other changes in net assets”