Enloe Medical Center

“The final form 990 is provided to emc's governing body where it is reviewed and made available for comment prior to filing with the internal revenue service. The review process includes multiple levels of review including key corporate finance department personnel and senior executives, including the director of finance and vice president/chief financial officer and chief executive officer. Additionally, the organization contracts with moss adams, llp, a cpa firm, for preparation and review of the form 990.”

“Enloe medical center (emc) is committed to preventing any participant of emc from gaining any personal benefit from information received or from any transaction of emc. Emc maintains a written conflict of interest policy that requires any interested person to submit a conflict of interest statement annually to the compliance officer. Emc defines an interested person as any director, trustee, principal officer, contracted physician or member of a committee with board-delegated powers that has a direct or indirect financial interest, or outside interest or active interest. A financial interest is based on if the person, directly or indirectly, through business, investment or immediate family has an ownership or investment interest in any entity with which emc has a transaction or arrangement, or a compensation arrangement with any entity or individual with which the organization has a transaction or arrangement, or a potential ownership or investment interest in, or compensation arrangement with any entity or individual with which emc is negotiating a transaction or arrangement. Each board member, officer, member of a board committee (committee) and contract physician is required to annually sign a conflict of interest annual statement which affirms that such person has (i) received a copy of the conflicts of interest policy, (ii) has read and understands the policy, (iii) agrees to comply with the policy, and (iv) has disclosed all real and potential conflicts. These statements are submitted by the chief compliance officer to the board on an annual basis. The minutes of the board contain all appropriate documentation of persons with actual or perceived conflict of interest. Any person deemed to be an interested person is recused from discussion or participation in the decision process for any contemplated transaction or arrangement. In connection with any actual or possible conflicts of interest, an interested person is required to disclose the existence and nature of any financial or other interest to the chairman of the board of committee. After disclosure of the interest and all material facts, investigation and any discussion with the interested person, the chairman or respective committee will undertake such steps as necessary to decide if a conflict of interest exists. Violations of the conflicts of interest policy are subject to the appropriate disciplinary and corrective action, including dismissal, at the board's discretion.”

“Enloe medical center (emc) is committed to ensuring that all executive compensation decisions are competitive, fair and equitable, supporting the mission and values of emc, as well as in compliance with appropriate regulatory guidelines. Responsibility for due diligence and the development of recommendations regarding executive compensation resides with the executive compensation committee of the board. The committee is comprised of individuals independent of the management of emc. The key principles to our compensation philosophy are to provide a reasonable market wage, maintain competitive and internally equitable pay and provide market competitive benefits. Executive compensation is based on national and regionally recognized organizations. The executive compensation committee completes a market-based analysis annually.”

“Emc makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Change in defined benefit pension plans -262,256. Change in value of gift annuity funds -509.”