Valley Children'S Hospital

“Lisa smittcamp and bill smittcamp have a family relationship.”

“The amended and restated bylaws of valley children's hospital, effective 10/17/13, established valley children's healthcare as the sole member of the corporation. Certain member rights, including the right to approve, fix the number, elect, and remove elected trustees, are included in these bylaws.”

“See answer for line 6 above”

“See answer for line 6 above”

“A draft of the form 990 is uploaded to a secured board portal prior to the filing date. Board members are asked to review the form 990 and present any questions they may have to the cfo. In addition, a meeting is held to review the form 990 and provide for additional time to answer questions. Changes can then be made if warranted before the 990 is filed.”

“The hospital board of trustees maintains a conflict of interest policy within the hospital's corporate bylaws. The policy requires each trustee to disclose personal financial interests by executing annual statements and reporting specific interests on an ad hoc basis. A standing governance committee is tasked to review disclosed interests, to assess whether a conflict of interest exists and make recommendations regarding further action as may be necessary to mitigate or eliminate a conflict. The hospital maintains a separate but similar policy governing individuals employed in covered positions.”

“As provided by the valley children's healthcare bylaws, a compensation committee has been established that consists of a chair and at least three members of the board of trustees. The primary role of the committee is to ensure that compensation is reasonably related to the duties performed for the network and with the competitive employment market. Duties and activities specific to ceo, officer, and key employees of the organization include: 1) periodic review based on the independent advice of an external qualified compensation consultant 2) review of market data for equivalent positions 3) review and approval of terms and conditions of the ceo's employment and oversight to assure formal and timely performance assessments are conducted 4) review and approval of executive level compensation to assure that terms and conditions of employment are market competitive”

“A copy of valley children's hospital's articles of incorporation is on file with the california secretary of state. A copy of the corporate bylaws of valley children's hospital is available to the general public upon request. Conflict of interest management is described in article 10 of the bylaws. The annual financial statements are not made available to the public.”

“The organization's board of director's adopted a written policy in 2025 governing joint venture participation. However, this policy was not operative during the applicable tax year. However, as a matter of practice, any joint venture or other arrangement would be reviewed by both internal and external legal counsel, as well as other qualified advisors, to consider the impacts of the joint venture or similar arrangement on the tax-exempt status of the organization.”

“Professional medical fees: program service expenses 93,890,656. Management and general expenses 0. Fundraising expenses 0. Total expenses 93,890,656. Professional fees - other: program service expenses 23,421,052. Management and general expenses 142,985. Fundraising expenses 0. Total expenses 23,564,037. Consulting & service fees - on parent: program service expenses 0. Management and general expenses 120,621. Fundraising expenses 0. Total expenses 120,621.”

“Gain on sale of assets 161,218. Pass-through investment loss 3,051,050.”