Franciscan Missionaries of Our Lady

“The entity is organized as a non-profit corporation with members.”

“The members retain the power to appoint and remove the members of the board of trustees and officers of fmol health system.”

“The reserved powers to the members are as follows: 1. Change philosophy, objectives, purposes of corporation and any corporation in which fmol health system retains voting rights. 2. Appoint and remove board of trustees and officers of fmol health system 3. Alter articles of incorporation and bylaws of fmol health system and any corporation in which fmol health system retains voting rights 4. Authorize merger, consolidation or affiliation, or participate in joint ventures 5. Dissolve and distribute assets of fmol health system or any corporation in which fmol health system retains voting rights 6. Appoint and terminate ceo of fmol health system or any corporation in which fmol health system retains voting rights 7. Acquire, lease, encumber real estate on behalf of fmol health system or any corporation in which fmol health system retains voting rights 8. Add to or incur long term debt in excess of $5 million by fmol health system or any corporation in which fmol health system retains voting rights”

“After preparation and review by kpmg, llp, management will review the form 990. A copy of the form 990 is provided to the organization's governing body before it is filed with the irs.”

“Fmol health system has a comprehensive conflict of interest policy that requires each officer, trustee, board committee member and employee to complete a conflict of interest disclosure statement annually. Completed disclosure forms are reviewed and maintained by the chief compliance officer. If any trustee, board committee member or senior manager has a potential conflict, the executive committee of the board determines whether action needs to be taken and communicates any such action to the individual. A potential conflict of any other employee is reviewed by the ceo or his designee. The executive committee, ceo or designee, as applicable, determines if a conflict of interest results in creating the appearance of impropriety. If such a determination is made, the individual will be excused from participating in the business decision. During the year, any change to the information in the disclosure statement must be disclosed promptly to the chief compliance officer, who takes appropriate action. The process also requires affirmation from each individual that she or he (a) has received a copy of the conflict of interest policy; (b) has read and understands the policy; (c) has agreed to comply with the policy; and (d) understands that fmol health system is a charitable organization and that, in order to maintain its federal tax exemption, it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. In addition to the above, fmol health system provides mechanisms for confidential reporting of compliance issues. These mechanisms include an anonymous hotline and web site where individuals may raise issues, seek clarification, and report possible conflicts of interest or other concerns. These reports, including reports of possible conflicts of interest, are reviewed and investigated by the corporate compliance department and appropriate action is taken.”

“Our board of directors designates the human resources and compensation committee, made up of independent members to review and set the compensation annually of our executives and key employees. The committee obtains and relies upon comparable data including industry-wide compensation information from an outside consulting firm. The committee reviews compensation packages and appropriate compensation is determined and approved. The basis for determination is then documented by the committee.”

“Copies of the governing documents, conflict of interest policy, and financial statements are available upon request.”

“Through catholic health services by calling forth all who serve in the healthcare ministry.”

“Inspired by the vision of st. Francis and in the tradition of the roman catholic church, we extend the healing ministry of jesus christ to god's people, especially those most in need. We call forth all who serve in this healthcare ministry, to share their gifts and talents to create a spirit of healing - with reverence and love for all of life, with joyfulness of spirit, and with humility and justice for all those entrusted to our care. We are, with god's help, a healing and spiritual presence for each other and for the communities we are privileged to serve.”

“Contract labor: program service expenses 346,338. Management and general expenses 5,872,184. Fundraising expenses 0. Total expenses 6,218,522. Purchased services: program service expenses 1,216,518. Management and general expenses 20,626,112. Fundraising expenses 0. Total expenses 21,842,630. Other professional services: program service expenses 11,354. Management and general expenses 192,500. Fundraising expenses 0. Total expenses 203,854. Shared savings dist- fac: program service expenses 1,730,068. Management and general expenses 29,333,388. Fundraising expenses 0. Total expenses 31,063,456.”

“Capital transfers 23,070,239. Income from equity investees 588,577.”

“Section 1.263(a)-3(n) election - book conformity election franciscan missionaries of our lady health system, inc. Is making the election under treas. Reg. 1.263(a)-3(n) to capitalize those repair and maintenance costs that it treats as capital improvements on its books and records for the tax year ended june 30, 2024. Section 1.263(a)-1(f) - de minimis safe harbor election franciscan missionaries of our lady health system, inc. Hereby makes the de minimis safe harbor election under section 1.263(a)-1(f) of the treasury regulations, effective only for the tax year ending june 30, 2024. Taxpayer has an applicable financial statement for the year of the election. This election permits the taxpayer to deduct for tax purposes any item deducted under its book policy that does not exceed $5,000 per invoice (or per item, as substantiated by the invoice) or items having an economic useful life of twelve months or less as described in section 1.263(a)-1(f)(1)(i).”