Cobre Valley Regional Medical Center

“The CEO and CFO duties are carried out by employees of HealthTech Management Services, Inc. (HealthTech), an unrelated management company. Compensation is included in the management fee paid to HealthTech. The management fee for 2024 was $1,031,112.”

“A CPA firm prepared and reviews the form 990 from data gathered and provided by the CVRMC. The return is then provided to the CFO for review and approval. Any questions or concerns the CFO has are addressed and any correction or clarifications are made. The final Form 990, with all required schedules, is made available to the full board prior to filing.”

“Board members and officers are covered by the organization's conflict of interest policy and are required to annually complete a questionnaire disclosing any and all possible conflicts of interest.”

“The Officers' compensation is determined by a review conducted by HealthTech Management Services, Inc. using data provided by a nationally recognized management consulting firm, along with Form 990 data from comparable organizations and other hospitals managed by HealthTech. Once this information has been compiled and reviewed, a meeting is held with the board and a decision is made on the Officers' compensation.”

“The Officers' compensation is determined by a review conducted by HealthTech Management Services, Inc. using data provided by a nationally recognized management consulting firm, along with Form 990 data from comparable organizations and other hospitals managed by HealthTech. Once this information has been compiled and reviewed, a meeting is held with the board and a decision is made on the Officers' compensation.”

“Available upon request.”

“Please see note on Part VI, Section A, Line 3. Officers of the organization are provided by a management company.Voting Board member Dr. Alan Osumi was compensated by CVRMC for medical staff leadership services provided. Dr. Osumi's compensation did not exceed the allowable amount to maintain voting independence, nor did it meet the requirements to be reported on Schedule L. See Part VI, Section A, Line 1b.”

“Continued from Schedule H.THE TUITION ASSISTANCE PROGRAM IS A BENEFIT PROVIDED TO ASSIST EMPLOYEES IN IMPROVING THEIR JOB CAPABILITIES WITHIN THEIR WORK ENVIRONMENT. THE HOSPTIAL ALSO SPONSORS A NURSING PROFESSOR POSITION AT THE LOCAL COMMUNITY COLLEGE TO ENHANCE AND ASSURE THE STRENGTH OF THE LOCAL NURSING PROGRAM.STANDARDS OF PERFORMANCE AND CUSTOMER SERVICE TRAINING THE CVRMC STANDARDS OF PERFORMANCE ARE DESIGNED AND CREATED BY A TEAM OF HOSPITAL STAFF AND CONSIST OF A SET OF PERFORMANCE EXPECTATIONS FOR EVERY EMPLOYEE TO FOLLOW AT ALL TIMES. AT CVRMC OUR POSITION DESCRIPTIONS OUTLINE THE DUTIES AND RESPONSIBILITIES EVERY INDIVIDUAL IS ACCOUNTABLE FOR IN THE COMMISSION OF THEIR RESPECTIVE JOBS. THE CVRMC STANDARDS OF PERFORMANCE OFFERS A DEFINITION AND FRAMEWORK OF BEHAVIORS THAT EVERY EMPLOYEE WILL EXHIBIT WHEN INTERACTING WITH PATIENTS, CUSTOMERS, ANDCO-WORKERS. THESE STANDARDS ALSO PROVIDE THE CRITERIA BY WHICH AN EMPLOYEE IS EVALUATED.IN OUR STANDARDS OF PERFORMANCE, WE IDENTIFY PATIENTS, CUSTOMERS, AND CO-WORKERS AS OUR TARGET SERVICE POPULATIONS. AT CVRMC WE CONSIDER CUSTOMERS TO INCLUDE PHYSICIANS, FAMILIES, VENDORS, SUPPLIERS, AND ANYONE ELSE THAT WE HAVE CONTACT WITH AND THE BEHAVIOR EXPECTATIONS INCLUDE PRIVACY, ATTITUDE, COMMUNICATION, TEAMWORK, COURTESY, ACCOUNTABILITY, APPEARANCE, RESPONSIVENESS, AND SAFETY.EVERY EMPLOYEE OF CVRMC IS REQUIRED TO ATTEND CUSTOMER SERVICE TRAINING TO HELP DRIVE OUR MISSION STATEMENT AND TO GUIDE THEM IN THE STANDARDS OF PERFORMANCE AT EVERY LEVEL OF THE ORGANIZATION. THIS CUSTOMER TRAINING IS ALSO OFFERED TO EVERY PHYSICIAN, THEIR OFFICE STAFF, AND ORGANIZATIONS WITHIN THE REGION, FREE OF CHARGE, IN ORDER TO CREATE A REGIONAL CULTURE OF COURTESY AND RESPECT.SAN CARLOS, PARTNER SERVICE AREA - ADJACENT TO THE SAN CARLOS APACHE RESERVATION, CVRMC SERVES AS A PARTNER IN ACUTE OBSTETRIC, PODIATRY, ORTHOPEDIC, ONCOLOGY AND SURGICAL SERVICES FOR RESERVATION RESIDENTS REFERRED BY THEIR HOSPITAL OR THE CVRMC HOSPITAL PHYSICIANS WHO MAINTAIN CLINICAL HOURS AT SAN CARLOS.”

“Net assets changes in assets held with donor restrictions = $140593”

“Funds were approved by the Board of Directors as pledged to a new city park in the amount of $2.25M. The project will be a collaborative effort funded by several local organizations.”

“Other Assets: Other assets consist of bond issuance costs for the Series 2014 Bonds and other loan fees. These deferred costs are amortized over the straight-line method over the life of the bonds and loans, ending balance was $127,874. Cash and cash equivalents held in reserve for debt service totaled $1,326,855, $653,993 was held for the 457(f) plan, and $923,313 in fixed income securities in the form of corporate bonds and notes. Other assests also include Land held for investment, in the amount of $56,870.”

“Facilities are listed in order from Largest to smallest. Please disregard the number appearing to the left of the name of the facility, which does not have any significance.”

“Subsidy paid for hospital-based physician services to ensure the community had access to these physicians. Subsidy represents amount paid in excess of physician billings for services.”

“Grants to domestic organizations and governments in excess of $5000 (a total of $18,800) are required to be reported on Schedule I, Part II. Those have been listed accordingly. Other, minor grants were given that did not exceed the $5000 threshold, thus not reported on Schedule I, but are reflected in the total of grants to organizations/governments ($30,777) on Form 990, Part IX, Line 1 - Grants and other assistance.”