Tucson Hospitals Medical Education Prog

“The bylaws of the organization were updated to reflect the new name of the filing organization, tmc health medical education program.”

“Tmc healthcare, a related tax exempt organization, is the sole member of the organization.”

“The board shall be composed of those persons appointed by the board of trustees of tmc healthcare.”

“Tmc healthcare shall have exclusive authority to determine the following actions on behalf of the organization: (a) approval of the corporation's annual operating and capital budgets and material changes thereto. The board shall propose annual operating and capital budgets for the corporation and may request material changes thereto. (b) approval of individual non-recurring unbudgeted expenditures in excess of fifty thousand and no/100 dollars ($50,000.00), which approval can be provided by the sole member's chief executive officer or chief financial officer. (c) approval of any unbudgeted capital expenditures the cost of which in any one fiscal year exceeds fifty thousand and no/100 dollars ($50,000.00), which approval can be provided by the sole member's chief executive officer or chief financial officer. (d) approval of the corporation's strategic goals and objectives, consistent with the sole member's strategic goals and objectives. (e) filing for bankruptcy, making a general assignment for the benefit of creditors, or taking any similar action. (f) making any material change in the nature of the corporation's business. (g) sale, exchange or other disposition of any assets outside the ordinary course of business. (h) entering into, amending, or terminating any lease of real property. (i) engaging in any dissolution or liquidation. (j) engaging in any merger, consolidation, conversion, reorganization or issuance of any memberships. (k) entering into a management agreement with any person or entity pursuant to which it would reasonably be interpreted that the corporation is transferring management control of its operations to a third party. (l) borrowing money in the name of the corporation or utilizing property (real or personal) owned by the corporation as security for such loans, or otherwise entering into any loan, guaranty, security interest, mortgage, surety, hypothecation or other form of indebtedness, except as permitted by a policy of the sole member that allows management to incur debt up to but not exceeding a specified amount per transaction without additional approval. (m) making any loan, investment, transfer or disposition of any assets of the corporation or entering into any contract or incurring any liabilities on behalf of the corporation other than for fair consideration and in the ordinary course of business relating to its normal daily operation. (n) taking any other action that the sole member determines, in its sole and absolute discretion, may have a material adverse effect on the 501(c)(3) status of the corporation or the 501(c)(3) status or tax-exempt bonds of the sole member or any subsidiary or affiliate.”

“The form 990 was prepared by an independent accounting firm based on the audited financial statements and information provided by the accounting department of the organization. Prior to filing, the form 990 is first reviewed by management.”

“The organization reviews annual all conflicts noted in the conflict of interest statements provided by the directors and management, and take appropriate actions.”

“Tmc is responsible for the payment of compensation and benefits as well as the process for reviewing and approving compensation and benefits for administrative leadership. For the chief executive officer and chief financial officer as well as other senior leadership positions the compensation committee contracts directly with sullivan cotter, an independent third-party compensation consultant, who periodically provides a written report containing a summary of relevant, contemporaneous benchmark information and makes recommendations regarding the level of compensation and benefits that would be reasonable. The compensation committee carefully reviews the information, discusses it directly with the consultant and makes recommendations based upon the information provided. The compensation committee then makes its final recommendation to the full board for their approval.”

“All documents, including policies and financial statements, are available upon request in the office of the tucson hospitals medical education program.”

“OTHER PROFESSIONAL FEES - Total Expense: 1673030, Program Service Expense: 1550665, Management and General Expenses: 122365, Fundraising Expenses: ; MEDICAL DIRECTOR - Total Expense: 279172, Program Service Expense: 242078, Management and General Expenses: 37094, Fundraising Expenses: ; PURCHASED SERVICES - Total Expense: 106699, Program Service Expense: 98895, Management and General Expenses: 7804, Fundraising Expenses: ;”

“Tmc health medical education program is amending its form 990 to accurately reflect the financial information for the full year of activity. The organization is also amending its form 990 for the changes to the organization's bylaws.”