University Medical Center Inc

“U of l health, inc., a kentucky nonprofit corporation, shall be the hospital's sole member as of november 1, 2019.”

“After review by the organization's finance department, the contracted tax professional files the return with the appropriate federal and state agencies, making any non-substantive changes necessary to effect e-filing.”

“It is the policy of the hospital that an interested person who knows that he or she has an actual or apparent conflict of interest shall disclose it promptly and fully to all necessary parties whenever it occurs. Interested persons are (a) voting members of the hospital's board of directors and voting members of committees that exercise board-delegated authority, (b) officers of the hospital elected or approved by the board of directors or (c) a "controlled entity" in which at least 35% of the control or beneficial interest is held by any one or combination of indviduals described in a and b. An interested person must disclose the existence and nature of his or her known interest in a proposed transaction to the directors and members of committe with board delegated powers considering the transation or arrangement when a conflict of interest is declared. The chairperson of the board or committee shall appoint a disinterested person or committee to investigate the proposed transaction. The interested person shall leave the meeting and the vote on any transactions involving the conflict of interest the minutes of the board will contain the names of the persons who disclose or otherwise were found to have interest in connection with a conflict of interest, the nature of the interest and any action taken to determine the conflict.”

“Line 15a: both the executive and non-executive compensation structures and ranges are reviewed annually in comparison to market data. Umc uses the mercer group as the independent third party to assess executive compensation programs and to ensure the reasonableness of actual salaries and total compensation packages. Compensation of the senior most executives is reviewed annually. The mercer group reviews both cash and total compensation for overall reasonableness, for adherence to umc's compensation philosophy and for comparability to the not-for-profit healthcare market. This independent review is delivered by mercer group to the compensation committee of the umc board of directors annually. Line 15b: for all executive directors, top management officials, officers and key employees, the following process is used. 1) human resources (hr) has independent company do a comparison of like positions within the community and come up with a range. They prepare a proposal that is submitted to hr for review 2) a salary is determined within that range based on years of service education and other factors, such as additional responsibilities. Hr prepares a proposal to submit to the ceo 3)the proposal, containing the position, range and final compensation is turned over to the ceo for review 4) after review, the ceo takes the proposal information and presents it to the finance commttee. 5) the finance committee decides and votes on the compensation.”

“The organization's financial statements, conflict of interest policy and governing documents are available to the public upon request.”

“An amended 990 is being filed to update amounts reported for community benefit expense and the corresponding offsetting revenue on schedule h, line 7b-unreimbursed medicaid and schedule h, line 7a-financial assistance.”

“Purchased services: program service expenses 61,244,855. Management and general expenses 57,858,188. Fundraising expenses 0. Total expenses 119,103,043. Contracted professionals: program service expenses 35,218. Management and general expenses 2,654. Fundraising expenses 0. Total expenses 37,872. Medical professional fees: program service expenses 14,299,911. Management and general expenses 1,077,434. Fundraising expenses 0. Total expenses 15,377,345. Contract labor: program service expenses 11,849,049. Management and general expenses 11,193,829. Fundraising expenses 0. Total expenses 23,042,878.”

“Transfers to/from affiliates -41,695,023. Long lived asset donation 372,818.”