Tracy Hospital Foundation

“Employee supplemental information: tracy hospital foundation does not have employees but shares the costs of personnel, services, facilities and expenses with its parents: sutter health and sutter valley hospitals.”

“Classes of Persons and the Nature of Their Rights: SUTTER VALLEY HOSPITALS IS THE CORPORATE MEMBER OF THIS CORPORATION WITH THE RIGHT TO ELECT AT LEAST A MAJORITY OF THE MEMBERS OF THE BOARD OF TRUSTEES. THERE ARE ALSO COMMUNITY MEMBERS OF THIS CORPORATION WITH THE RIGHT TO ELECT TRUSTEES.”

“Classes of Persons, Decisions Requiring Approval & Type of Voting Rights: SUTTER VALLEY HOSPITALS, AS THE CORPORATE MEMBER OF THE ORGANIZATION, IS ENTITLED TO EXERCISE FULLY ALL RIGHTS AND PRIVILEGES OF MEMBERS OF NONPROFIT CORPORATIONS UNDER THE CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION LAW, AND ALL OTHER APPLICABLE LAWS. THE CORPORATE MEMBER HAS THE RIGHTS AND POWERS TO APPOINT (AND REMOVE) MEMBERS OF THE CORPORATION'S BOARD OF TRUSTEES, SUBJECT TO THE PROVISIONS OF THE BYLAWS. IN ADDITION, THE CORPORATE MEMBER HAS THE RIGHT TO APPROVE THE FOLLOWING ACTIONS OF THE CORPORATION'S BOARD OF TRUSTEES: A. MERGER, CONSOLIDATION, REORGANTION, OR DISSOLUTION B. AMENDMENT OR RESTATEMENT OF THE ARTICLES OR BYLAWS C. ADOPTION OF OPERATING BUDGET D. ADOPTION OF CAPITAL BUDGET E. OPERATING OR CAPITAL EXPENDITURES F. LONG-TERM OR MATERIAL AGREEMENTS G. APPOINTMENT OF INDEPENDENT AUDITOR H. HIRING OF INDEPENDENT COUNSEL I. CREATION OR ACQUISITION OF ANY SUBSIDIARY J. CONTRACTING WITH THIRD PARTY FOR MANAGEMENT OF SUBSTANTIALLY ALL OF ASSETS OR OPERATIONS K. APPROVAL OF BUSINESS PLANS TO DEVELOP MAJOR PROGRAMS AND CLINICAL SERVICES L. APPROVAL OF STRATEGIC PLANS M. ADOPTION OF QUALITY IMPROVEMENT POLICIES N. ANY SELF-DEALING TRANSACTIONS WITH A TRUSTEE O. Rehiring, contracting with, or otherwise compensating a Sutter Health Executive, or any officer or member of management of the Corporation, its General Member, or any subsidiary or affiliate entity after their employment has ended.”

“Process used by management and/or governing body to review form 990: sutter health has a centralized tax department responsible for the preparation of the form 990. Annually the tax department provides training and education to affiliate personnel who assist the tax department in collecting and reviewing data to be reported on the form 990. The preparation material is reviewed by various departments including tax, finance, legal, and human resources. A national accounting firm prepares and/or reviews the return. A completed return is then reviewed by the tax department, and the affiliate before the return is filed.”

“Process to monitor transactions for conflicts of interest: employees are educated on the conflict of interest policy and the need to make disclosure as part of annual compliance education. In addition, annually a disclosure statement is completed by all directors, officers and key employees. On this statement the individual will list a wide range of information which includes business relationships, employment relationships, property interests, and those of related parties. If there is a potential conflict of interest related to a particular transaction, the interested individual must disclose the existence and nature of the relationship. The board chair may appoint a disinterested person or committee to investigate the conflict. The board may consult with the office of the general counsel as necessary. Until the potential conflict is resolved, the board chair (or committee chair as applicable) may request the individual to not participate during related presentations and discussions. In all circumstances involving an actual conflict, the interested individual shall leave the room prior to the board's final discussion and vote.”

“Process for determining top management official compensation: the compensation for the position of the top management official is determined through a quantitative review of peer equity data and applicable national market salary survey data regressed to entity operating revenue size to ensure the position is both internally equitable and externally competitive/market appropriate. The compensation committee of sutter health annually reviews and approves compensation, and such approval is recorded in the minutes of sutter health. The 2024 executive compensation approval was completed in april 2024.”

“Process for determining other officers or key employee compensation: for sutter health employees the compensation committee of the sutter health board of directors retains ultimate discretionary authority over all elements of compensation to assure that organizational purposes are appropriately being served. The compensation committee uses credible independent data sources and maintains an objective "arms length" decision-making process, ensuring the integrity of sutter's executive programs and consistency with the organization's overall mission. To ensure external competitiveness, national compensation data comparisons are reviewed. Competitive analysis includes: (a) base salary, (b) total cash (base salary + annual incentive), (c) total direct cash (base salary + annual incentive + long term incentive) and (d) total remuneration (base salary + annual incentive + benefits and long term incentive). For the most senior executive positions, national comparisons for organizations similar in size, scope and complexity as sutter health are most appropriate since it is a national marketplace in which sutter competes for executive talent. Conversely, because underlying compensation structure in the san francisco bay area is higher than national data, regional pay adjustments may be made. Compensation for officers and key employees of this organization undergo a review and compensation committee approval annually, and such approval is recorded in the minutes. The 2024 executive compensation approval was completed in april 2024.”

“Availability of governing documents, coi policy, & financial statements: the sutter health system posts its current and past audited financial statements at sutterhealth.org. Other documents are also located at this website including the annual report, mission statement, history, and links to affiliate websites. The governing documents and conflict of interest policy are not available to the public at this time.”

“Compensation of board members: board members of the organization who received compensation were paid for other services provided to related entities. They received no compensation for their service as a board member of this organization. Common law employees: individuals listed as officers and key employees of the organization that are paid fulltime by a related organization are common law employees of sutter health, a separate legal entity. It is the intention of sutter health and the filing organization to make information accessible and transparent, reporting those sutter health employees who have officer and key employee responsibilities to the filing organization.”

“Mission statement: mission: caring for our patients first and our people always. Vision: to be the most comprehensive, integrated and connected health system for getting and staying well. Values: excellence - we deliver high-quality, equitable care and take on the toughest challenges. Curiosity - we are constantly learning and creating new ways to advance healthcare. Teamwork - we collaborate with humility and solve for one sutter. Compassion - we show empathy and understanding in every personal interaction. Inclusion - we respect our differences and similarities, and cultivate a sense of belonging. Integrity - we earn trust by doing the right thing and delivering on our commitments.”

“Other Changes in Fund Balance: CHANGE IN SPLIT INTEREST -$1,199”