Renown Transitional Care Services

“Anthony Slonim, Janette Townsend, Dawn Ahner, David Line, and Donald Sibery have a business relationship. David Line had a business relationship with Lawrence Trilops III.”

“Renown Health paid Decisive Consulting Solutions, LLC for Donald Sibery's services as the Interim CEO for all the Renown entities. Renown Health paid $412,000 for fiscal year ending June 30, 2015 for the Interim CEO services and reimbursed travel and business expenses.”

“Renown Health is the sole corporate member of Renown Network Services.”

“Renown Health, acting through its board of directors, appoints the members of the Board of Governors of Renown Network Services.”

“Renown Health must approve any merger, consolidation or dissolution of Renown Network Services, any borrowing in excess of $1 million in any fiscal year, and encumbrances of assets and certain other actions not in the ordinary course of business.”

“There was no committee during the year that had the broad authority to act on behalf of the board.”

“The Form 990 is prepared by the organization's tax department with support from a certified tax preparer. The form is reviewed by the organization's current CFO and current EVP and Chief Administrative Officer prior to the final Form 990 being sent to the board. The IRS Form 990, as filed with the IRS, is sent to each voting member of the Renown Health Board prior to filing. Along with the forms, the Renown Health board is provided with a narrative that explains the various parts of the Form and their content.”

“On an annual basis at or prior to the first regular meeting following the election of new board members, the members of the Renown Network Services Board are given an Annual Disclosure Statement. They are expected to perform a reasonable investigation into their business, financial, family or significant personal relationships to disclose any actual or potential conflicts of interest. If, in connection with a proposed transaction or arrangement involving a Renown Health entity, a board member discovers that an actual or possible conflict of interest has arisen that was not disclosed on the Annual Statement, then the board member must disclose the existence and nature of his or her financial interests to the remaining directors that are considering the proposed transaction or arrangement in a timely manner. If a board member discloses an actual or possible conflict of interest, the board member shall leave the board or committee meeting while the remaining board members discuss the financial interest. The remaining board members shall vote upon and decide whether a conflict of interest actually exists. If the remaining board members determine that a conflict does exist, then appropriate measures are taken to ensure the issue is addressed.”

“Renown Health's executive compensation, including compensation for the CEO and certain executives, is reviewed and approved by the Renown Health Executive Committee. All decisions are submitted for final ratification at the next scheduled board meeting. The discussion is documented in the Executive Committee minutes and Board minutes. The Executive Committee is comprised of members of the Renown Health Board of Directors unrelated to and not subject to the control or undue influence of executives, with no material financial interest in transactions of the Company or any other perceived or actual conflicts of interest. Total cash compensation for the organization's executives is targeted at competitive compensation levels, relative to market surveys of comparable healthcare organizations, based upon the level of performance required to achieve the targeted compensation levels. Base compensation and total cash compensation is reviewed at a minimum of every two years in comparison to the surveys for comparable businesses and responsibilities and adjusted as to maintain equity with the survey information. The Executive Committee undertook the process outlined above for the fiscal year 2015 executive compensation.”

“Renown Network Services does not make its governing documents, conflict of interest policy, or financial statements available to the general public.”

“As of March 31, 2015 the exempt activities of the x-ray and imaging business line were transferred to a related organization, Renown Regional Medical Center, to be carried out.”

“Renown Network Services has independent contractors, however, Renown Health, the parent organization, pays all the independent contractors directly. The actual expense of each independent contractor is directly charged to the assigned entity. The highest compensated independent contractors are reported on Part VII, Section B.”

“Renown Network Services has its own employees, however, Renown Health, the parent organization, pays all compensation and employee benefit amounts under a common paymaster arrangement. The actual compensation of each employee is directly charged to their assigned entity. Salaries are reported on line 7 of Part IX.”

“Collection Services: Program service expenses 753,111. Management and general expenses 0. Fundraising expenses 0. Total expenses 753,111. Consulting Services: Program service expenses 14,112. Management and general expenses 0. Fundraising expenses 0. Total expenses 14,112. Garbage Services: Program service expenses 10,464. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,464. Laundry Services: Program service expenses 95,506. Management and general expenses 0. Fundraising expenses 0. Total expenses 95,506. Non Physician Medical Services: Program service expenses 181,856. Management and general expenses 0. Fundraising expenses 0. Total expenses 181,856. Transportation Services: Program service expenses 50,456. Management and general expenses 0. Fundraising expenses 0. Total expenses 50,456. Other Miscellaneous Services: Program service expenses 849,762. Management and general expenses 0. Fundraising expenses 0. Total expenses 849,762. Professional Fees: Program service expenses 3,637,448. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,637,448. Overhead Allocation Professional Fees: Program service expenses 0. Management and general expenses 570,761. Fundraising expenses 0. Total expenses 570,761.”

“Intercompany Settlements 15,239,231.”

“Renown Health, the sole member of this entity has an audit committee that assumes responsibility for the consolidated audit and selection of the independent accountant.”

“The following partnership incorrectly reports the EIN of the partner as Renown Health (94-2972845). The investment and income are actually held and reported on the Renown Network Services (EIN 88-0231828) tax return. All tax reporting will be made on the Renown Network Services return. Income Research & Management Core Bond Fund (EIN 02-0552970)”