Health First Foundation Inc

“The sole member of health first foundation, inc. Is health first shared services, inc., a florida not-for-profit corporation that serves as the corporate parent of the health system.”

“Health first shared services, inc. (hfss), a section 501(c)(3) exempt organization and the parent of the exempt healthcare system, is the sole corporate member of the filing organization with the power to elect or appoint any members of the governing body.”

“Per the bylaws and the laws of the state of florida, the administrative power of the corporation shall be vested in the board of trustees which shall have charge, control and management of property, affairs and funds of the corporation. The board of trustees shall not take any action with respect to the following without approval of the member: -change in the mission, purpose or scope of the corporation and its operation; -incurrence of debt or guarantee the debt of another; -approval of the sale, lease, purchase, conveyance or other disposition of any real property or any personal property of the corporation having a fair market value in excess of $100,000; -approval of the sale, lease, purchase, conveyance or other disposition of all or substantially all the assets of the corporation; -approval of annual operating and capital expenditure budgets of the corporation and any material deviations from such budgets; -approval of the engagement of any auditor, legal counsel or consultant involving expenditures in excess of $150,000 annually or per engagement; -approval of any significant changes of human resource and employee benefit, accounting, financial and other policies and procedures; -approval of strategic and long-range plans, major fund-raising programs and financial commitments (over and above those contained in approved budgets) in excess of $100,000; -creation, acquisition, sale, purchase, dissolution or other disposition of any affiliated or controlled entity or joint venture or any interest in any such entity; -the relocation, implementation or discontinuation of a major program service; and -the repeal, amendment or restatement of articles of incorporation and bylaws of the corporation.”

“The form 990 was prepared by health first's tax department and then reviewed by the system controller. After review and approval by the executive vp cfo, the form 990 is sent to each member of the board of trustees electronically for their review and approval prior to filing.”

“A copy of the conflict of interest policy is provided to all associates, including management, in which they review and electronically attest that they have agreed to the terms noted in the policy on an annual basis. In addition, senior leadership and board of trustees members on an annual basis are required to complete a conflict of interest questionnaire prepared and monitored by the chief compliance officer. The questionnaire requires an attestation stating that the individual is free of conflicts should they not report anything of concern. These forms are tracked and kept on file. Should a conflict arise, the chief compliance officer investigates the issue and determines a course of action to ensure enforcement of the policy.”

“The compensation process is determined by health first shared services, inc. (hfss). Hfss process is as follows: the salaries of our chief executive officer and other hfss executives are reviewed and recommended annually to the board of trustees and approved in executive session by the full board of hfss. Hfss contracts annually, with a highly respected national consulting firm, to provide these recommendations to ensure that our executives are compensated fairly and competitively when compared with similar roles in other healthcare organizations nationally. The compensation committee is independent for internal revenue code section 4958 for the individuals whose salary is reviewed. Minutes are kept for all board of trustees and compensation committee meetings. The process is documented contemporaneously in the board and committee meetings.”

“Quarterly and annually consolidated financials and consolidated statistical information is filed electronically on www.dacbond.com and is available to the public. In addition, any requests made to the chief financial officer for the above referenced items are provided upon request in a timely manner. A copy of the governing documents and conflicts of interest policy are available upon request to the chief compliance officer. Documents are available for the same period of disclosure as provided in section 6104(d).”

“Brett a. Esrock: former sr vp ceo hospital services / executive vp cfo/coo end 7/15/2024. Taylor k. Smith: trustee / interim president and ceo end 8/5/2024 kirk kessel: trustee, vice chair 1/2024 rebecca dukes: trustee, treasurer 1/2024 kay cantrell: trustee/ secretary beg 10/2023”

“The accounting period for calendar year 2024 is a short-term calendar year filing. The accounting period changed from fiscal year (october 1st - september 30th) to calendar year (january - december). For calendar year 2024 filing the period is covering october 1, 2024 - december 31, 2024. This change was necessary to simply operations and enhance comparibility.”

“Employees at health first foundation, inc. Are included in the form 941 filed by health first shared services, inc., ein: 59-333684.”

“Transfer of net assets to foundation 1,586,810. Change in temp restricted net assets -729,790. Change in unrestricted net assets -566,070.”

“The audit committee of health first reviews and approved the annual audit and compliance audit plans then makes its report to the health first board of trustees. The audit committee is responsible for the selection of the independent auditors. There was no change from prior year.”