Adena Health Foundation

“The related organization, adena health system, paid an executive consulting services firm, tatum, for cfo duties. Lisa carlson was paid $56,100 from tatum for her role as chief financial officer.”

“Adena health system is the sole member of the corporation.”

“The board of trustees of adena health system elects members of the foundation's board of directors. Nominees are proposed by the foundation board of directors.”

“Nominations for officer positions on the foundation's board of directors must be approved by the board of trustees of adena health system.”

“The 990 was reviewed at a board meeting, and copies of the form 990 were provided to the bod members. Additionally, copies of the 990 were made available in the administration office until the november 16 filing date.”

“The corporate compliance office of adena health system annually coordinates the distribution and return of the conflict of interest statements. All conflicts are reviewed, and the corporate compliance office is responsible for reviewing the responses and communicating any extra steps that need to take place regarding any of the responses. At every board meeting and committee of the board, the agenda item of conflict of interest is included and called out. Conflicted board members abstain from voting on the particular items. Any member abstaining from voting is documented in the minutes. Front line supervisors up through the ceo, advanced practice clinicians, and board members are subject to the conflict of interest policy.”

“The top management official at adena health foundation has his compensation reviewed annually by adena health system, a related party. The system utilizes a separate tpa management compensation consulting firm that uses several available market studies for applicable positions in comparable markets. This process was last undertaken in 2016.”

“The foundation's governing documents and conflict of interest policy are available to the public upon request. The governing documents are also available through the office of the ohio attorney general. The 990 is available on the guide star website and available upon request.”

“The adena health system audit committee engages the independent audit firm for the audit, reviews results, and reports to the board. Adena health system's board of directors oversees the audit process and approves the independent audit firm. Adena health foundation is part of adena health system's consolidated audit. This process has not changed from prior year.”

“The administrative and fundraising expenses shown on part ix are paid by adena health system. This contribution for operating expenses is part of the related party contribution listed on part viii, line 1d. Because of this arrangement, 100% of donations can go to support the organization's programs.”