Redwood Memorial Foundation

“DESCRIPTION OF CLASSES OF PERSONS AND THE NATURE OF THEIR RIGHTS REDWOOD MEMORIAL FOUNDATION HAS A TIERED GOVERNANCE IN WHICH THE CORPORATE MEMBERS RESERVE THE RIGHT TO APPOINT TRUSTEES TO THE REDWOOD MEMORIAL FOUNDATION BOARD. ALL TRUSTEE APPOINTMENTS THAT COME FROM THE REDWOOD MEMORIAL FOUNDATION BOARD AS NOMINATIONS MUST BE APPROVED BY THE Redwood Memorial Hospital, AS THE CORPORATE MEMBER, AND THE ST. JOSEPH HEALTH MINISTRY, AS THE ORGANIZATIONAL SPONSOR.”

“Descr classes of persons, decisions requiring appr & type of voting the reserved rights in our tiered governance structure contemplate approval by the st. Joseph health system member of financing, budgets, unbudgeted expenditures of defined amounts, strategic plan, appointment of auditors, creation or investment in a legally recognized entity, joint ventures, purposes, sale or disposition of real property, merger or sale of substantially all assets, appointment and removal of trustees, adoption or amendment of articles or bylaws.”

“Process used to review the form 990 the form 990 was prepared by the finance department based on information received from various departments of the organization and was reviewed by an officer of the organization. A copy of the form 990 was distributed to all voting members of the board at the april 2018 meeting. During the finance committee meeting, management presented and discussed certain disclosures and information included in the form 990. The finance committee chair then provided a summary at the full board meeting.”

“Monitoring enforcement of compliance with conflict of interest policy officers, trustees and key employees are required to disclose the existence and nature of any actual, apparent, or potential conflicts of interest he/she may have that might result in or have the appearance of a conflict in connection with that individual satisfying their fiduciary obligations to the organization. Disclosures shall be made promptly any time an actual, apparent or potential conflict of interest arises and before the consummation of any contract, transaction or arrangement that is the subject of the potential conflict of interest. With guidance from the st. Joseph health system chief compliance officer (cco), the chief executive and/or the governing board chairperson, as appropriate, considers the matter initially. If the matter cannot be resolved at that level, the matter is escalated to the cco. The cco, in consultation with the st. Joseph health system general counsel, reviews the matter and presents recommendations to the governing board and/or board committee, as appropriate, for discussion and vote. The individual whose potential conflict is being reviewed may be requested to be present during any meeting in which the board or board committee conducts its evaluation but shall be excused for any discussion or vote. Once all necessary information has been obtained, the committee conducts its evaluation and forwards its findings and recommendations to the sjhs chief compliance officer. If the committee determines an unresolved conflict of interest exists, the committee will evaluate and recommend conflict mitigation strategies. The sjhs chief compliance officer, in consultation with sjhs general counsel, will review the committee findings, recommendations, and mitigation strategies, and present recommendations to the board for discussion and vote.”

“It is St. Joseph Health System's intention to make financial information accessible and transparent. Although the filing of Form 990 provides insight into how St. Joseph Health System achieves its Mission, delivers its programs and stewards its finances, deciphering the information directly from Form 990 can be challenging. The following paragraphs provide further information about the process we use to determine compensation for top management, officers and key employees. St. Joseph Health System has a single fiduciary Board, with responsibility for financial oversight associated with fulfillment of the St. Joseph Health System Mission, developing system policies, protecting the assets entrusted to the organization and overseeing the strategic and operational affairs of St. Joseph Health System's legal entities. St. Joseph Health System also maintains a network of community ministry boards with responsibility for quality of care oversight, community relations, advocacy and community needs assessments. St. Joseph Health System has a consistent compensation philosophy for all of its officers, including our senior executives. Salaries for senior executives are reviewed by the Providence St. Joseph Health Committee and approved by the full Board of Directors, none of whom is a St. Joseph Health System employee. The Board retains an independent consultant each year to review salaries of those in the most significant leadership roles in the organization. Part of the consultant's role is to review an extensive array of compensation surveys of large, not-for-profit health care systems in the United States. St. Joseph Health System is one of the larger health systems in the country, and as such, the Board benchmarks executive compensation against other large, not-for-profit health systems whose revenue is similar to that of St. Joseph Health System. Additionally, St. Joseph Health Systems labor market continues to spread across health care and into general industry. Because of this, St. Joseph Health System also takes into consideration general industry for-profit market data, where applicable. Base salaries for St. Joseph Health System executives are generally targeted to the median level of the market, as identified by the independent consultant and reviewed with the Executive Compensation Committee. The President/CEO utilizes the market information provided by the consultant along with formal performance evaluations, to determine salary recommendations for other senior executives. This process includes a rigorous analysis of those recommendations with the Executive Compensation Committee as a part of the review and approval process. Performance incentives allow executives to earn additional compensation if they achieve specific organizational goals for furthering St. Joseph Health System operating commitments and strategic objectives. The Board of Directors conducts a thorough process to ensure performance incentives are aligned with appropriate market practices. The Board's process for executive compensation fully complies with IRS standards and mirrors best practices. THIS PROCESS WAS LAST COMPLETED IN SEPTEMBER 2016.”

“Avail of gov docs, conflict of interest policy, & fin stmts to gen public the organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. The sjhs community benefit reports, financial reports, and philanthropy reports are also available on the sjhs internet site. Redwood memorial foundation audited financial statements are attached to form 990.”

“Organization's mission the mission of redwood memorial foundation is to develop and manage all resources and assets of the foundation in support of redwood memorial hospital's health care mission and goals. The foundation promotes participation in developing and maintaining a positive relationship between our community, health care providers and redwood memorial hospital.”

“St. Joseph health system the sisters of st. Joseph of orange trace their roots back to 17th century france and the unique vision of a jesuit priest named jean-pierre medaille. He sought to organize an order of religious women who, rather than remaining safely cloistered in a convent, ventured out into the community to seek out "the dear neighborsminister to their needs. The congregation managed to survive the turbulence of the french revolution and eventually expanded, not only throughout france, but throughout the world. In 1912 a small group of sisters of st. Joseph went to eureka, california, at the invitation of the local bishop, to establish a school. A few years later, the great influenza epidemic of 1918 caused the sisters to temporarily set aside their education efforts to care for the ill. They realized immediately that the small community desperately needed a hospital. Through bold faith, foresight, and flexiblity in 1920, the sisters opened the 28-bed st. Joseph hospital of eureka, the first st. Joseph health system ministry. Providence st. Joseph health on july 1, 2016, providence health services (phs) and st. Joseph health system (sjhs) entered into a business combination agreement, the purpose of which was to better serve both organization's communities, maintain strong traditions of catholic healthcare, and provide greater affordability and access to healthcare services. As part of the business combination, phs and sjhs aligned under a single parent corporation, providence st. Joseph health, with a consolidated board of directors and cosponsorship from the public juridic persons providence ministries and st. Joseph health ministry. Realizing our mission a part of st. Jospeh health, redwood memorial foundation has been directly supporting redwood memorial hospital in meeting the health and quality of life needs of the local community for over 35 years. Serving the communities of eureka, fortuna, ferndale, loleta rio dell and throughout the eel river valley and into southern humboldt county, redwood memorial hospital is a critical care access hospital that provides quality care in the areas of emergency medicine, holistic and patient centered care, diagnostic imaging, cancer program and obstetrics as well as community-based programs and resource centers focused on prevention, health promotion, outreach, care coordination and community building. With over 210 employees committed to realizing the mission, redwood memorial hospital is one of the largest employers in the humboldt region. As a member of the st. Joseph health system, redwood memorial foundation is committed to extend the healing ministry of jesus in the tradition of the sisters of st. Joseph of orange. This mission has guided our catholic healthcare ministry since the opening of our first hospital in eureka, california nearly 100 years ago. Redwood memorial foundation supports redwood memorial hospital: redwood memorial foundation contributed $1,150,308 to redwood memorial hospital in fy17. Redwood memorial hospital believes that no one should delay seeking needed medical care because they lack health insurance. That is why redwood memorial hospital has a patient financial assistance program (fap) that provides free or discounted services to eligible patients. In fy17, redwood memorial hospital provided $567,489 in free and discounted care. Medicaid program redwood memorial hospital provided access to uninsured and underinsured persons by participating in the federal and state sponsored medicaid program. In fy17, redwood memorial hospital provided $1,869,295 in medicaid shortfall. Program service accomplishments in addition to programs highlighted above, redwood memorial hopsital, with the support of redwood memorial foundation, offers the following three progams: community resource centers (crcs) the community resource centers (crc) are a community benefit program of redwood memorial hospital and provide resource and referral services county-wide throu”

“REDWOOD MEMORIAL FOUNDATION WAS INCLUDED IN CONSOLIDATED, INDEPENDENT AUDITED FINANCIAL STATEMENTS FOR PROVIDENCE ST. JOSEPH HEALTH FOR THE PERIOD ENDED DECEMBER 31, 2017. AS SUCH, AUDITED FINANCIAL STATEMENTS WERE NOT PREPARED FOR THE TAX YEAR ENDED JUNE 30, 2017. THE REPORTING ORGANIZATION WILL CHANGE ITS TAX YEAR END TO DECEMBER 31 FOR 2017. FORM 990, PART VI, LINE 6 DESCRIPTION OF CLASSES OF MEMBERS OR STOCKHOLDERS Redwood Memorial Hospital IS THE SOLE CORPORATE MEMBER OF REDWOOD MEMORIAL FOUNDATION.”

“Other changes in net assets uncollectible pledges $27,600”