Usc Arcadia Hospital Foundation

“Description of classes of persons and the nature of their rights: the persons who simultaneously serve on the methodist hospital of southern californias board of directors and the foundations board of directors are the corporate members. The corporate members elect the directors of the foundation at their annual meeting.”

“Decisions requiring approval and type of voting rights: the following matters are subject to corporate members approval: (a)annually, audited financial statements and periodically, unaudited financial statements (which financial statements are to be prepared in such form with such content, and at such intervals as shall be specified by the corporate members); (b)the amendment or restatement of the foundation articles of incorporation or bylaws; (c)the merger, consolidation, or dissolution of the foundation; (d)the selection or removal of the independent auditor for the foundation; (e)the borrowing of funds by the foundation; (f)such other matter as may be required by law to be submitted to the corporate members; (g)other matters deemed advisable by the board of directors; and (h)any other matter which may be specified by the corporate members.”

“The process used by management and/or governing body to review form 990: form 990 is provided to all members of the governing body prior to its filing with adequate time to make inquiries or recommendations.”

“Description of process to monitor transactions for conflicts of interest: by written policy, officers, directors, key employees and managers to prepare annual disclosure statements to reflect financials or personal interest in, or obligations, which might affect or appear to affect, his/her judgement on behalf of methodist hospital of southern california or methodist hospital foundation. All material facts are gathered by chief compliance and risk officer (ccro) and presented to the ceo and board chair annually or upon disclosure of an actual or potential conflict of interest. The board chair and ceo are, in consultation with the ccro, responsible for ascertaining what if any next steps and/or actions may be necessary to protect the interest of the hospital. Based on the assessment of the materiality of the conflict, the interested officer or director may be asked to only provide input into the discussion but refrain from voting; or may be asked to leave the room during the discussion and refrain from voting.”

“Process and review for determining compensation of officers: all officers and directors receiving compensation are employed by methodist hospital of southern california. Compensation arrangements are established pursuant to a process that satisfied 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 hospital 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 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 similar situated for similar job responsibilities, as obtained from independent their-party sources. The boards written records include the (1)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. Key deliberations, a description of the comparability data, how it was obtained, the members present and how they voted was documented in the executive compensation committee minutes. The results of the executive compensation committee of methodist hospital related to the foundation president is reviewed and approved by the foundations executive committee. This process was completed for all officers and key employees in 2017.”

“Availability of governing documents, conflict of the interest policy, and financial statements to general public: under current federal tax law, the organization is not required to make its governing documents, etc. Available for public inspection. However, the organization does make its form 990 available upon request.”

“Average hours per week: in addition to the hours spent on methodist hospital foundation. The following individual devoted hours to a related organization: michael driebe is the president of foundation. He also serves as an executive member for methodist hospital of southern california. The average hours devoted to his position with the hospital are 2 hours per week. In addition to the hours spent on a related organization, the following individuals devoted hours to methodist hospital foundation: dan asuman is the president of methodist hospital. He also serves as an officer of the foundation. The average hours devoted to his position with the foundation are 0.5 hours per week. William grigg is the senior vice president/cfo of methodist hospital. He also serves as an officer of the foundation. The average hours devoted to his position with the foundation are 0.5 hours per week.”

“Mission statement the mission of methodist hospital foundation is to engage in the solicitation, receipt, and administration of property, and from time to time to disburse such property and the income therefrom solely to, or for the benefit of, the hospital facility and related activities operated by the methodist hospital of southern california.”

“Program services: in addition to providing support for general hospital services, the foundation also supported the following specific programs of methodist hospital. Next generation care - a new patient tower was completed in 2011 that housed advanced medical technology and information systems to provide exceptional care in a healing environment. The new tower features the hollfelder emergency care center which expands life saving services, increases the number of patient beds and additional critical care beds, plus specialty areas for cardiology, cancer and orthopedics. Cardiac care - methodist hospital is committed to always being that place - one that is capable of helping patients in a crisis whether it is a cardiac arrest, heart attack, heart failure or long term rehabilitation care after cardiac surgery. Its excellence in comprehensive cardiac services includes: (1) as a specially designated stemi receiving center, paramedics bypass other hospitals and bring patients who are experiencing a life-threatening stemi-type heart attack (where the coronary artery is completely blocked by a blood clot) to methodist hospital; (2) the chest pain team stands ready 24 hours a day, seven days a week, to open blocked arteries in one of three cath labs in less than 90 minutes, the gold standard in cardiac care; (3) it is among the few heart centers where top electrophysiologists are regularly mapping the heart and using ultrasound or radio waves to correct dangerous arrhythmias without drugs; (4) in the cardiac rehabilitation department, staff certified in american heart association (aha) advanced cardiac life support offer education and exercise therapy whose goal is to help cardiac patients recover quickly and return to work or an active retirement; (5) los angeles countrys emergency medical services agency recognizes that the team provides some of the best cardiac care in los angeles country; (6) among other awards, methodist hospitals cardiology services where recently recognized with a gold performance achievement award from aha for our high-quality care of congestive heart failure patients. Stroke care center methodist hospital is approved by the joint commission as an advanced primary stroke center and is certified by the county of los angeles as an approved stroke center one of only 18 approved stroke centers in los angeles county and one of only two such facilities in the san gabriel valley. When it comes to effective stroke treatment, where patients go for help is critically important. Methodist hospital meets all the key criteria with: (1) specially trained physicians, nurses and technicians who ready to spring into action whenever a stroke patient arrives; (2) a place that delivers care fast - meeting or exceeding national recommendations to rapidly assess stroke victims and start treatment within 60 minutes of arrival in the emergency department; (3) the equipment and technology to stop stroke in its tracks and minimize damage; (4) hospital with a plan of action that works hard to care for the unique needs of every stroke patient. The goal is to ensure that patients never have to experience another stroke. Emergency department methodist hospital is one of the two largest emergency departments in the west san gabriel valley. Each year, care is provided for approximately 56,000 patients who come, through the emergency department. The emergency department has physicians of all specialties on call 24 hours per day, seven days per week, including cardiologist, orthopedic, plastic, hand, neuro and vascular surgeons specialists that may not be available at other hospitals. Rehabilitation center a new acute rehabilitation unit was completed in 2016. With its expansion and improvement, methodist hospital can help more patients recovering from strokes, brain injuries, orthopedic and other conditions.”

“Management fee to methodist hospital: management fees paid to methodist hospital of southern california represent personnel costs for hospital employees, including the foundation president, who is engaged in the methodist hospital foundations activities.”

“Other changes in net assets or fund balances: change in value of chartable remainder trust: ($59,743)”