Southern Monterey County Memorial Hospital

“The form 990 is prepared by an independent tax accountant in conjunction with the organization's finance and accounting staff. A draft form 990 is then reviewed by the organization's cfo; adjustments are made, as necessary. A complete copy of the form 990 is then provided to all members of board of directors prior to filing with the internal revenue service.”

“Mee memorial hospital has a corporate policy on conflicts of interest; this policy applies to all interested persons, defined as: (a) trustees, and (b) senior management, which includes officers and key employees. The board of trustees, ceo, and cfo continuously monitor and evaluate any and all transactions of interested parties with the hospital. If a current or past transaction pose a potential risk of being a conflict of interest to the hospital, these item(s) will be brought to the attention of the ceo, board chairman, and/or full board of trustees. After disclosure of a potential conflict of interest to the board, the interested officer or board member leaves the board meeting while the conflict of interest is discussed and/or voted on. The remaining board members shall decide if a conflict of interest exists. Provided, however, if the interested person is an administrative staff employee and the contemplated transaction is at the administrative level, the decision shall be made by the hospital ceo. Any officer or board member having a possible conflict of interest in any matter must disclose the existence and nature of the conflict. Officer or board members always abstain from voting on any issues of a possible conflict of interest.”

“The compensation for the organization's ceo is set by the board of directors; the ceo, who is a member of the board, does not participate in this process. The board utilizes salary information compiled by the hospital association of southern california and takes into account other factors (such as performance) in making their determination. This process is documented in the minutes of the board meeting. Compensation for other officers and key employees is determined by the ceo, who takes into account comparability data provided by the hospital association of southern california as well as other factors, such as performance.”

“The governing documents and conflict of interest policy are made available to the public upon request. The financial statements are made available to the public upon request; additionally, quarterly financial statements and an annual report are filed with oshpd and are available on the oshpd website.”

“R. Michael hutchinson, md, sean murray, md, roy schindelheim, md, and amish shah, md each devote 2 hour per week for their services as members of the board of trustees in addition to other duties through employment at the hospital. Each does not receive compensation or benefits as a board member, but rather as services through employment to the hospital.”

“Professional fees - medical/physician: program service expenses 16,337,913. Management and general expenses 800,454. Fundraising expenses 0. Total expenses 17,138,367. Purchased services: program service expenses 5,677,585. Management and general expenses 2,026,165. Fundraising expenses 0. Total expenses 7,703,750.”