Cape Canaveral Hospital Inc

“The sole member of cape canaveral hospital, inc. Is health first shared services, inc. (hfss), 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: - change in the mission, purpose or scope of the corporation and its operation; - incurrence of debt or guarantee the debt of another; - approval of the sale, lease, purchase, conveyance or other disposition of any real or of any personal property of the corporation having a fair market value in excess of $250,000; - approval of the sale, lease, purchase, conveyance or other disposition of all or substantially all of the assets of the corporation; - approval of annual operating and capital expenditure budgets of the corporation and any material deviations from such budgets; -approval of the engagement of any auditors, legal counsel; or consultant; - approval of significant changes of human resource and employee benefit, accounting, financial and other policies and procedures; - approval of strategic long-range plans, major fund raising programs and financial commitments not budgeted or approved by the member; - creation, acquisition, sale, purchase, dissolution or other disposition of any affiliated or controlled entity or joint venture or any interest in such entity; - relocation, implementation or discontinuation of a major program service; - the approval of managed care agreements; - the repeal, amendment, or restatement of articles of incorporation and bylaws of the corporation; and - capital expenditures and capital leases exceeding $500,000 annually or $1,000,000 in total annually or $1,000,000 in total.”

“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, in which they review and electronically attest that they have agreed to the terms noted in the policy on an annual basis. In addition, senior leadership and board of trustees 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 health first shared services, inc. (hfss). Hfss' process is as follows: the salaries of the chief executive officer and other hfss executives are reviewed and recommended annually to the board of trustees and approved in executive session by the full board of hfss. Hfss 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 financial statements 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 are available upon request to the chief compliance officer. Documents are available for the same period of disclosure as provided in section 6104(d).”

“Brett a. Esrock: former sr. Vp ceo hospital services/ exec vp cfo/coo/treasurer end 7/15/2024 jeffrey c. Stalnaker: sr. Vp cco/interim ceo hospital division end 7/31/2024 victor m. Vargas former vp medical affairs community hospital end 12/2022 james s. Mitchell iii: former exec vp/coo hfi (end 09/2020) / interim president of hospital division beg. 5/2024”

“The filing organization is part of an obligated group that had more than $100,000 in bonds issued after december 31, 2002 that were outstanding on the last day of its tax year. The filing organization's share of these obligations is reported on part x, line 20 of health first shared services, inc. The parent of the obligated group is filing schedule k on behalf of itself and all members of the obligated group.”

“Hfmg hospitalists support expense: program service expenses 8,584,851. Management and general expenses 863,676. Fundraising expenses 0. Total expenses 9,448,527. Recruitment: program service expenses 104,904. Management and general expenses 20,280. Fundraising expenses 0. Total expenses 125,184. Relocation expenses: program service expenses 21,580. Management and general expenses 4,172. Fundraising expenses 0. Total expenses 25,752. Purchased services: program service expenses 9,109,377. Management and general expenses 736,830. Fundraising expenses 0. Total expenses 9,846,207. Consultant fees: program service expenses 620,023. Management and general expenses 119,861. Fundraising expenses 0. Total expenses 739,884.”

“Transfer of net assets to a related tax-exempt -8,142,820.”

“The audit committee of health first reviews and approves the annual audit and compliance audit plans then makes its report to the health first board of trustees. The audit committee is responsible for the selection of the independent auditors. There was no change from prior year.”