Usc Arcadia Hospital

“Members or stockholders of the organization usc health system is the sole corporate member of the organization through a member substitution agreement, effective july 1, 2022.”

“The members of the corporation elect the directors of the board.”

“Process used by management &/or governing body to review the form 990 the form 990 is provided to and reviewed with board members in advance of its filing with adequate time to make and answer inquiries.”

“As a related organization of the usc health system, the organization follows the health system's policies including the conflict-of-interest policy. The conflict-of-interest policy covers all interested persons, employees, and their close relations. Interested persons will continue to be subject to the policy for five years after ceasing to be an interested person. An "interested person" means any director, member of any committee appointed by the board (whether or not such person is a director), principal officer, or key employee who has a direct or indirect financial interest in a contemplated transaction or arrangement. In connection with any actual or potential conflict of interest, an interested person must fully disclose the existence of and all material facts related to the financial interest that gives rise to the actual or potential conflict of interest. Such disclosure shall be made to the chair of the board, the chair of the executive committee, or the chair of such other committee of the board as is authorized to review such transaction or arrangement referred to as an "appropriate committee". If a director, committee member, principal officer, or key employee becomes aware of any actual or potential conflict of interest related to another director, committee member, principal officer, or key employee, such person shall promptly bring it to the attention of the chair of the board, the chair of the executive committee, or the chair of an appropriate committee. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, the interested person shall be excused from the meeting of the board or appropriate committee during the discussion of the financial interest and the vote on whether a conflict of interest exists, which shall be determined by a majority of a disinterested quorum. The remaining board or committee members (or the sole member if there are no disinterested directors) shall decide if a conflict of interest exists. If the remaining board or committee members determine that the financial interest of an interested person does not constitute an actual or potential conflict of interest, the review process is complete. If an actual or potential conflict of interest has been found, the board or committee shall proceed as follows: the interested person shall be excused from the meeting during the discussion of, and the vote on, the transaction or arrangement, provided that the interested person may with the permission or at the request of the presiding officer address the meeting with respect to the transaction or arrangement before leaving the meeting. The body that considers the proposed transaction or arrangement shall be composed entirely of individuals without a conflict of interest with respect to the proposed transaction or arrangement. The board or appropriate committee may appoint a disinterested person or committee of disinterested persons to investigate alternatives to the proposed transaction or arrangement before voting on such transaction or arrangement. Further, legal counsel may be consulted if desired by the board or committee prior to considering the transaction or arrangement. The board or an appropriate committee (except as provided below), after the exercise of reasonable due diligence, may authorize or approve a transaction or arrangement by vote of a majority of the disinterested directors on the board or such committee after making the determinations set forth. If a director has a material financial interest in a transaction or arrangement, then the transaction or arrangement may only be approved by action taken by the full board, or by an appropriate committee. To authorize or approve a transaction or arrangement, the board or appropriate committee must determine the following: that the board (or appropriate committee) has knowledge of all material facts concerning the transaction or arrangement and the financial or other interest”

“Compensation arrangements involving any of the organization's officers or key employees are established pursuant to a process that satisfies the rebuttable presumption of reasonableness as provided for in irc sec 4958 (excess benefit transaction tax). This process requires a review of compensation determinations by disinterested persons, the use of comparability data, and contemporaneous documentation of the decision making process. The board performs periodic review and determination of appropriate compensation levels for the previously mentioned officers and key employees based upon external salary data. Their most recent review included a report from an independent third-party compensation consultant which used benchmarking data for the total compensation and benefits packages of officers and key employees, including total economic benefits paid by organizations which the governing body believes are similarly situated for similar job responsibilities, as obtained from independent third-party sources. The board's written records include (1) the terms of the arrangement with the disqualified person (including the date the arrangement was approved); (2) a list of members present during the debate of the transaction (and how the members voted when it was approved); and (3) a description of the comparable data relied on by the committee. The key deliberations, a description of the comparability data, how it was obtained, the members present and how they voted, were documented in the executive committee minutes for its meeting during the year.”

“The availability of governing documents, conflict of interest policy, and financial statements to the general public under current federal law is not required to be available for public inspection. However, the audited financial statements are available upon request, attached to public inspection copy of the form 990.”

“Number of volunteers and hours the number of volunteers and hours served is determined through an actual unduplicated count of volunteers. Hours of service are logged as volunteers clock in and out for various assignments. Volunteers serve in supportive roles to enhance the patient experience. Volunteers provide non-medical services and information to patients and families; assist with way finding and errands/escort; provide hospitality services to waiting areas and patient and family visitors; and assist in clinical areas by supporting the services of the department such as assembly of educational packets for patients. Administrative volunteers may serve in departments assisting office staff with filing and errands. Volunteers also serve outside the hospital environment producing baby blankets, hats, cancer resource center gifts and various gifts for patients and their families.”

“Other changes in net assets: changes in unrestricted net assets $ 52,646,367 changes in restricted net assets $ 4,395,053 ------------------ total $ 57,041,420”