Saint Thomas Network

“In determining the compensation of the organization's ceo, the process, performed by ascension health, a related organization of saint thomas network, included a review and approval by independent persons, comparability data and contemporaneous substantiation of the deliberation and decision. The compensation committee reviewed and approved the compensation. In the review of the compensation, the ceo was compared to individuals at other organizations in the area who hold the same title. During the review and approval of the compensation, documentation of the decision was recorded in the committee minutes. The individual was not present when his compensation was decided. In determining the compensation of other officers or key employees of the organization, the process performed by saint thomas health, a related organization, included a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision. The audit committee reviewed and approved the compensation. In the review of the compensation, the other officers or key employees of the organization were compared to individuals at other hospitals in the area who hold the same title. During the review and approval of the compensation, documentation of the decision was recorded in the board minutes.”

“Saint Thomas Network has a single corporate member, Saint Thomas Health.”

“Saint Thomas Network has a single corporate member, Saint Thomas Health, who has the ability to elect members to the governing body of the Saint Thomas Network.”

“All decisions that have a material impact to Saint Thomas Network financial information or corporation as a whole are subject to approval by its sole corporate member, Saint Thomas Health. Ascension Health, the sole corporation member of Saint Thomas Health, has designed a system authority matrix which assigns authority for key decisions that are necessary in the operation of the system. Specific areas that are identified in the authority matrix are: new organizations & major transactions; governing documents; appointments/removals; evaluation; debt limits; strategic & financial plans; assets; system policies & procedures. These areas are subject to certain levels of approval by Ascension per the system authority matrix.”

“Management works diligently to complete the form 990 in a thorough manner. Due to timing, leadership reviewed the return in lieu of the return being provided to the full board.”

“The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy in that any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest, must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of the committees with governing board delegated powers considering the proposed transaction or arrangement. The remaining individuals on the governing board or committee will decide if conflicts of interest exist. Each director, principal officer and member of a committee with governing board delegated powers annually signs a statement which affirms such person has received a copy of the conflict of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands that the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish its tax-exempt purpose.”

“The organization will provide any documents open to public inspection upon request.”

“Purchased Services - Total Expense: 632137, Program Service Expense: 568923, Management and General Expenses: 63214, Fundraising Expenses: ; Miscellaneous Professional Fees - Total Expense: 110358, Program Service Expense: 99322, Management and General Expenses: 11036, Fundraising Expenses: ; Physician Contracted Services - Total Expense: 381072, Program Service Expense: 381072, Management and General Expenses: , Fundraising Expenses: ;”

“Transfer to/from Ascension for Pension - -726796; Intercompany writedowns - -2047209; Non controlling interest activity - -452160;”