St Joseph Mercy Chelsea Inc

“The members of st. Joseph mercy chelsea (chelsea hospital) are trinity health-michigan and the regents of the university of michigan (university of michigan). See line 7 for additional information.”

“The board is to be comprised of a total of nine voting directors. Five directors are selected by trinity health-michigan and four directors are selected by university of michigan.”

“The two members acting jointly, with requisite approvals and actions, must approve certain decisions of the governing body, including the strategic plan, annual capital plan, and annual operating budget. Both members must also approve significant changes such as a merger, dissolution, sale of assets in excess of certain limits, and modifications to governing documents.”

“Prior to filing, the form 990 for chelsea hospital is reviewed by senior management. In addition, certain key sections of the form are reviewed by the board of directors after the return is filed. Each member of the board receives a copy of the return in its final form before it is filed with the internal revenue service.”

“Chelsea hospital has adopted trinity health's governance policy no. 1, which sets forth the organization's conflict of interest policy and processes. It applies to all "interested persons" of chelsea hospital, which includes directors, principal officers, key employees, and members of committees with board-delegated powers. Interested persons are expected to discharge their duties in a manner the person reasonably believes to be in the best interests of chelsea hospital and to avoid situations involving a conflict of interest. On an annual basis, interested persons are required to complete a conflict of interest disclosure statement and to affirm their receipt of the conflict of interest policy, compliance with its requirements, and agree to notify the organization of changes impacting their annual disclosure in accordance with the policy. The annual disclosures are provided to the integrity and compliance officer, who collaborates with internal legal counsel to assess the conflict and identify a conflict management plan when necessary. Additionally, the integrity and compliance officer along with legal counsel prepares a report for the board chair and ceo. A summary of potential conflicts is reviewed with the board of directors of chelsea hospital (or a delegated committee of the board) on a yearly basis. Interested persons are required to make full disclosure to chelsea hospital of any financial or business interests that might result in or have the appearance of a conflict of interest. The board of directors of chelsea hospital (or a delegated committee of the board) is responsible for the review of transactions to determine whether an actual conflict of interest exists. In the event of an actual conflict, the board (or a delegated committee of the board) will either avoid the conflict or appropriately scrutinize the transaction to ensure it is in the best interests of chelsea hospital. Interested persons are required to recuse themselves from discussion and voting on matters involving a conflict of interest. The policy further addresses the proper documentation of the proceedings and potential disciplinary and corrective action for violations of the policy. The policy is available to the public upon request.”

“Questions 15a and 15b are answered "no" because the compensation for certain officers and key management officials of chelsea hospital is established by trinity health, a related organization. In establishing compensation for the ceo, cfo and vice president finance, trinity health follows a process and policy that is intended to mirror the irc section 4958 guidelines for obtaining a "rebuttable presumption of reasonableness" with regard to compensation and benefits. As part of that process, the compensation and benefits of the ceo, cfo and vice president finance of chelsea hospital are reviewed at least annually by the trinity health board or the trinity health human resources and compensation committee (hrcc) of the board, authorized to act on behalf of the board with respect to certain compensation matters. As part of its review process, the hrcc retains an independent firm experienced in compensation and benefit matters for not-for-profit health care organizations to advise it in the determinations it makes on the reasonableness of proposed compensation and benefits arrangements. For other executives who are not part of the rebuttable presumption process, trinity health uses a market analysis to determine the appropriateness of the executive's compensation.”

“Chelsea hospital is a subsidiary organization in the trinity health system. Trinity health makes certain of its key documents available to the public on its website, www.trinity-health.org, in the "about us" section. In this section, the consolidated audited financial statements are publicly available. In addition, chelsea hospital includes a copy of its most recently filed schedule h on trinity health's website. Chelsea hospital's governing documents and conflict of interest policy are available upon request.”

“Individuals who work at chelsea hospital are on the payroll of a related organization. These individuals' salaries and benefits are allocated to chelsea hospital and are reported on part ix, lines 5 through 9.”

“Equity transfers to affiliates -1,739,572. Asset impairment -3,393,921.”

“Chelsea hospital's financial statements were included in the fy24 consolidated financial statements of trinity health, which were audited by an independent public accounting firm.”

“Chelsea community hospital, a member of the saint joseph mercy health system chelsea hospital chelsea hospital cancer center chelseacare chelseacare home medical equipment chelseacare pharmacy srsly st. Joseph mercy chelsea st. Joseph mercy chelsea - cancer center”