Renown Transitional Care Services

“Derrick Glum has a business relationship with Anthony Slonim and Dawn Ahner. Anthony Slonim and Dawn Ahner have a business relationship with each other, Alaro Devia, Bernie Carter, Brian Loy, Christi Matteoni, G Blake Smith, James De Volld, Jeff Resnik, Joanne Olsen, Kimberly Cooney, Michael Peterson, Owen Roberts, Richard Bostdorff, Rob Winkel, Steven Johnson, Thomas Deveny, Todd McKenzie, and William Newberg. Bernie Carter, Steven Johnson, Brian Loy, Jennifer Smith and Jennifer Satre have a business relationship. Steven Johnson, G Blake Smith, and Rob Winkel have a business relationship.”

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

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

“Renown Health must approve: 1) any changes of a strategic plan 2)selection of independent auditors, employee benefit consultants, legal counsel, and investment advisors 3) insurance and risk management programs 4) annual operating or capital budgets 5) material changes to the budget 6) investment policies 7) contacts among Renown entities 8) changes to governing documents 9) encumbrances of assets in excess of $1 million or real property 10) any borrowing in excess of $1 million in any fiscal year 11) merger, purchase or aquisition of another organization 12) joint venture with any other organization, entity or persons 13) any other material action take outside of 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 Controller 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 Transitional Care 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 2017 executive compensation.”

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

“Renown Transitional Care 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 Transitional Care 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.”

“Laundry Services: Program service expenses 4,353. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,353. Non Physician Medical Services: Program service expenses 201,618. Management and general expenses 0. Fundraising expenses 0. Total expenses 201,618. Transportation Services: Program service expenses 770. Management and general expenses 0. Fundraising expenses 0. Total expenses 770. Other Miscellaneous Services: Program service expenses 666,868. Management and general expenses 0. Fundraising expenses 0. Total expenses 666,868. Professional Fees: Program service expenses 3,416,643. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,416,643. Overhead Allocation Professional Fees: Program service expenses 0. Management and general expenses 473,606. Fundraising expenses 0. Total expenses 473,606.”

“Intercompany Settlements 12,648,615.”

“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.”