Henry Ford Health Parent

“Effective october, 3, 2024, hf health become a membership corporation. The members of hf health are henry ford health parent, a michigan nonprofit corporation, and ascension health d/b/a ascension healthcare, a missouri nonprofit corporation. Pursuant to the integration agreement between hf health and ascension health ("ascension") effective oct. 1, 2024, control over a number of michigan-based ascension health care hospitals and other healthcare provider entities was transferred to hf health. The transferred entities became additional nonprofit, tax-exempt subordinate affiliates of hf health. Hf health established henry ford health system parent ("hf parent") to serve as its supporting organization and it holds controlling 80% membership interest in hf health. Ascension will continue to have a limited, minority (non-controlling) relationship to such transferred entities as the 20% percent member of hf health.”

“The organization is an affiliate of henry ford health (hf health) and the tax department of hf health prepares the organization's form 990. As part of the preparation and review process prior to filing the return the following review process is conducted: - review of the entire return with the hf health chief financial officer and chief executive officer - review of all compensation matters and disclosures with the hf health compensation committee of the organization's board of trustees - review of the return with the organization's hf health audit and compliance committee of the board of trustees - provide a copy of the return to the organization board of trustees”

“The organization is an affiliate of henry ford health (hf health) who oversees the conflict of interest process with regard to the organization. Hf health has a standing conflict of interest committee (the committee) that is responsible for oversight of all conflict of interest matters. The organization's conflict of interest policy applies to all trustees and employees. Annually, trustees, employees of a management level, researchers, as well as employees associated with procurement, or in certain other predefined roles must complete an annual disclosure designed to identify activities and relationships that could potentially give rise to a conflict of interest. It is the responsibility of the committee to review these disclosures and determine the need for any action to manage the potential conflict. The committee annually reports the results of its activities to the audit and compliance committee of the hf health board of trustees.”

“The organization is an affiliate of henry ford health (hf health) who has responsibility to oversee the compensation practices of the organization. Hf health has a compensation committee of the board of directors consisting of all external directors. They meet periodically throughout the year. They are charged with approval of the organization's overall compensation and benefit programs as well as the specific review and approval of the compensation of certain employees including the chief executive officer, all officers and key employees of the organization. They directly engage an independent compensation advisor to assist with this process. The process includes evaluation of the individual's performance, utilization of compensation studies of similarly situated positions, as well as comparisons to compensation as reported by other health care organizations. The reasonableness of compensation is evaluated based upon these and other factors. The committee also reviews the compensation disclosures to be made on form 990 in advance of filing.”

“It is the practice of the organization to make its governing documents and conflict of interest policy available to any party requesting such information. The financial statements of the organization are made available to a public clearing house on a quarterly basis.”

“Average hours per week devoted to related organizations: many executive employees of hf health provide services to multiple affiliated entities. Henry ford health uses estimates for reporting average hours per week in all sections of form 990. Generally 60 hours are reported for the hours associated for the organization that the individual has principal responsibility for. Hours associated with other hospital or larger organizations are reported at 5 per week and for smaller organizations 1 hour per week is reported.”

“Henry ford health parent is included in the consolidated financial statements of henry ford health. The governing body of hf health has delegated the oversight of the financial statements, including the choice of independent auditors, to its audit committee.”

“The organization is an element of the external audit report obtained for the consolidated operations of henry ford health.”

“A form 5713, international boycott report, has been filed on our behalf by henry ford health (parent of our controlled group). The organization did not itself have any activities associated with an international boycott country.”