Tracy Hospital Foundation

“Sutter central 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.”

“Sutter central 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 corporations'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 with another entity; b. Consolidation of corporate assets; c. Dissolution of the corporation; d. Disposition of substantially all of the assets of the corporation; e. Amendment to the bylaws; f. Amendment to the articles; g. Removal of a trustee "without cause".”

“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, the affiliate, and the cfo before the return is filed.”

“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 and officers that includes an acknowledgement that they have read the conflict of interest policy. 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. The ceo and board chair will review the statements and monitor situations that may pose a potential conflict of interest. The ceo and board chair may consult with the office of the general counsel as necessary. 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. Until the potential conflict is resolved, the board chair may request the individual to not participate during related presentations and discussions. In all circumstances involving an actual conflict, the interested individual shall refrain from voting on any matter related to the transaction.”

“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 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. In order to ensure external competitiveness, national, california and local market area 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). This analysis includes comparable organizations and geographic considerations. 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. On the other hand, because californias underlying compensation structure is higher than national data (especially in the bay area), regional pay adjustments may be made. Officers and key employees of this organization undergo a review and compensation committee approval annually, and such approval is recorded in the minutes. The most recent approval was december 2016.”

“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 are not available to the public at this time.”

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

“Tracy hospital foundation promotes the health care and community well being by supporting and working with sutter central valley hospitals dba sutter tracy community hospital to connect resources with needs of the greater tracy area.”

“This corporation was formed for the purposes set forth in its articles of incorporation, including the following primary purposes: 1. To develop resources, funding, and community support for the benefit of nonprofit health care in the communities we serve, including, but not limited to, sutter central valley hospitals (scvh) dba sutter tracy community hospital. 2. To solicit, receive, and maintain gifts of money and property and to distribute money and property to scvh dba sutter tracy community hospital, for charitable, scientific, and educational activities related to sutter tracy community hospital. 3. To engage in and conduct charitable, educational, and scientific research in collaboration with scvh dba sutter tracy community hospital in the fields of medicine, medical technology and allied sciences. 4. To promote or carry on such other activities as may be deemed advisable for the betterment of the general health of the community served.”

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

“Other changes in net assets: change in split interest $ 11,232”