Atlantic Health System Inc Group Return

“The Organization's Group 990 tax return consists of the following exempt organizations comprising of a total of 41 voting trustees: 1. AHS Hospital Corp. This organization primarily consists of major health care programs for five hospitals and its supporting administrative functions. It comprises the majority of Atlantic Health Care System's resources in terms of operational, financial and management decision making. Fourteen (14) of the sixteen (16) voting trustees are deemed to be independent in conjunction with IRS guidance. 2. Atlantic Ambulance Corp This organization is comprised primarily of ambulance transportation for emergency medical services. Due to the rather small operations, five (5) of its six (6) voting trustees represent management employees from an affiliated organization (AHS Hospital Corp). As a result, one (1) of the six (6) trustees are deemed to be independent. 3. Practice Associates Medical Group PC (Atlantic Medical Group) This organization consists of a physician group providing physician programs. Fourteen (14) out of the entire fourteen (14) voting trustees are physicians and are generally affiliated with Atlantic Health System, Inc. through employment. As a result, none of the voting trustees are deemed to be independent. 4. Hackettstown Regional Medical Center Emergency Medical Services, Inc - Due to a 4/1/16 merger with Atlantic Health System, trustees consist of those from Atlantic Health System at 12/31/23. 5. Medical Center Partners, Inc. - Due to a 4/1/16 merger with Atlantic Health System, trustees consist of those from Atlantic Health System at 12/31/23. 6. (A) Adult Day Center of the Visiting Nurse Assoc. of Somerset Hills, Inc, (B) Visting Nurse Assoc. of Somerset Hills Community Health Serv Inc, (C) Visiting Nurse Assoc. of Somerset Hills Home Health and Hospice Services Inc, (D) Visting Nurse Association of Somerset Hills, Inc were due to a 1/1/20 merger with Atlantic Health System. Five (5) of the six (6) voting trustees are deemed to be independent in conjunction with IRS guidance. 7. Atlantic Core Therapy and Wellness PA - Incorporated 9/29/2021 in the State of NJ as a Professional Corporation to further the charitable purposes of Atlantic Health System, Inc. and AHS Hospital Corp. The Director being Steven Sheris, MD, in care of Atlantic Health System. As a result, the trustees consist of those from Atlantic Health System at 12/31/23. 8. Eye Care of Practice Associates PA - Incorporated 3/31/2022 in the State of NJ as a Professional Corporation to further the charitable purposes of Atlantic Health System, Inc. and AHS Hospital Corp. The Director being Steven Sheris, MD, in care of Atlantic Health System. As a result, the trustees consist of those from Atlantic Health System at 12/31/23.”

“As per the by-laws, each of the entities has one "member", that being Atlantic Health System, Inc. There are no other members or classes of membership whatsoever as indicated in the by-laws.”

“Atlantic Health System, Inc. is the only "member" which wholly owns each of the entities. As a result, Atlantic Health System, Inc. may elect the members of the governing bodies for each of the entities.”

“Atlantic Health System, Inc. is the only "member" which wholly owns each of the entities. As a result, Atlantic Health System, Inc. approves the decisions of the governing bodies.”

“The 2023 IRS 990 was distributed to Senior Management and the Board of Trustees for their review. Any comments were addressed accordingly.”

“We require disclosure of potential conflicts. This policy governs all personnel at Atlantic, including Board Members. Additionally, the Board Committee members must fill out annual disclosures with specific questions regarding potential conflicts. For potential conflicts involving employees, conflicts involving business relationships require prior disclosure and approval by the Compliance Officer (General Counsel). Conflicts involving Board members require approval from the Compliance Officer and the head of the Audit Committee, who may refer those conflicts to the Compliance Committee of the Board. Restrictions are fact-dependent, but may include recusal from deliberations regarding subject matter affected by the conflict.”

“A review of officer compensation by an independent 3rd party (Sullivan-Cotter)is completed every year. The most recent survey was conducted in 2023. Officers reviewed include: EVP, Chief Administrative Officer EVP, Chief Business and Strategy Officer EVP, Chief Clinical Officer EVP, Chief Health System Officer EVP, Chief Information and Digital Transformation Officer EVP, Chief Physician Executive EVP, General Counsel President and Chief Executive Officer - AHS SVP, Chief Financial Officer SVP, CNE/President, MMC SVP, AHS/President, CMC SVP, AHS/President, OMC SVP, AHS/President, Western Region VP, AHS, President ACO VP, Ambulatory Services and Network Development VP, Chief Marketing Officer VP, Chief Medical Officer, ACO VP, Chief Quality and Patient Safety Officer VP, Chief Risk Officer VP, Chief Strategy Officer VP, COO Atlantic Medical Group VP, Corporate Legal Services VP, Facilities Management and Real Estate VP, Finance VP, Government & Public Affairs VP, Information Technology VP, Insurance Networks VP, Integrated Care VP, Physician Enterprise Strategy VP, Revenue Cycle VP, Strategic Service Lines VP, Talen Management and Chief Diversity and Inclusive Officer VP, Workforce Experience VP, Research On behalf of Atlantic Health, Sullivan Cotter conducts an annual total compensation survey based on appropriate comparability data for like positions in like organizations. The results of the survey are presented to the Executive Committee of the board which documents the findings and recommendations in committee minutes. Compensation for key physicians is determined by soliciting salary data from published sources. These salary recommendations are then approved by the Executive Committee of the board.”

“Currently the organization retains copies of the filed Form 990's for the last three years and IRS Form 1023 with the Director, Corporate Tax and Reporting. Any requests for copies of the 990's throughout the sites are centralized through the Director, Corporate Tax and Repporting. Public disclosure of these Form 990's can be made at any time though this process. In addition, the 990 is posted on the following websites: "www.atlantichealth.org" "www.foundationcenter.org" "www.irs.gov" "guidestar.org"”

“The organization currently make it's current and prior year financial statements open to public disclosure on it's public website, "www.atlanthealth.org". The governing documents and conflict of interest polices are not currently made available to the public.”

“Investment in Non Controlling Interest -395,495. Change in funded status of benefit plans 35,312,256. Contributions - Temp Restricted Net Assets 33,837,255. Investment Income - Donor Restricted 1,643,596. Equity Transfers to Restricted Parties -28,675,717. Change in Unrealized Gains-Donor Restricted 5,143,041. Unrestricted Net Asets Distribution for Capital -8,094,472. MMC Foundation Offset - Restricted Activity -14,169,515. Forgiveness of Intercompany Advances 36,307,723.”