Agrace Health Inc

“The organization relied on agrace hospicecare, a related tax-exempt organization, to determine the compensation of its other officers and key employees. Below is the process used by agrace hospicecare for determining compensation of the organization's top management official. Each year the organization gathers market data for determining compensation of the chief executive officer. This includes benchmarks of national, regional, and local compensation that are provided from independent compensation surveys. The vp, human resources presents this information to the executive committee of the board, along with pertinent 990 compensation reporting by similar sized non-profit hospices based on this information, the executive committee sets and approves the compensation package for the chief executive officer for the year and contemporaneously documents their approval in writing. This process occurs annually in february.”

“THE ORGANIZATION RELIED ON AGRACE HOSPICECARE, A RELATED TAX-EXEMPT ORGANIZATION, TO DETERMINE THE COMPENSATION OF ITS OTHER OFFICERS. BELOW IS THE PROCESS USED BY AGRACE HOSPICECARE FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S OTHER OFFICERS. Every other year the organization gathers market data for compensation of the executive leadership team. This data includes benchmarks of national, regional, and local compensation that are provided from independent compensation surveys. Executive leadership pay is adjusted based on: 1) years of experience; 2) performance; and 3) market data for the 65th percentile of total compensation for the position. The VP, Human Resources presents the market data information to the executive committee of the board. Based on this information, the executive committee of the board approves the compensation package for the executive leadership team and documents their approval in writing. This process occurs biennially in February.”

“The Controller and CFO performed a detailed review of Form 990 and the related schedules prior to filing the return. This included verification of all amounts for accuracy and completeness. The form and schedules were also reviewed for content, presentation and reasonableness. The entire Form 990 is made available to the entire executive leadership team and an entity specific highlights summary is provided. The entire Form 990 is provided to the entire Board of Directors prior to filing and is accompanied by a 990 highlight summary. The audit committee reviewed the Form 990 and related schedules for reasonableness. The Controller prepared a detailed summary of the Form 990 that was presented to the board of directors by Management.”

“Directors, officers, community committee members, and key employees (interested persons) are required to annually review the organization's Standards of Conduct, including the conflict-of-interest policy/statement. Interested persons are required to disclose potential or actual conflicts with the organization in writing via the annual questionnaire distributed electronically to each interested person. When a disclosure arises, the person shall promptly make disclosure of the interest to the governing board or committee. After disclosure and discussion, the interested person shall leave the governing board or committee meeting while the determination of a conflict of interest is further discussed and voted upon by the remaining disinterested governing board or committee members. Once an actual conflict of interest exists with respect to a particular contract, transaction, or arrangement the disinterested members of the board exercise due diligence to determine whether said contract, transaction or arrangement is reasonable. The conflict-of-interest questionnaires are reviewed by the Controller and Governance Manager. The Controller and Governance Manager determine whether a potential conflict exists based on the completed questionnaires submitted by each interested person. The result of that determination is reviewed with the CFO and CEO and approved by the Agrace Board.”

“These documents may be made available to the public upon receipt of a written request.”

“Agrace Health Inc. was created in 2024 and is now the sole member of all Agrace entities, including Agrace Hospicecare Inc, Agrace Hospicecare Foundation Inc. and Agrace Hospicecare Holdings Inc. It is also the sole member of our service line LLCs: Agrace Palliative Care LLC, Agrace HME, LLC, Age at Home LLC, Agrace Adult Day Center LLC and Agrace Milwaukee LLC. SIGNIFICANT MISSION-RELATED ACTIVITY TOOK PLACE IN 2024: In 2024, Agrace served a total of 5,567 individual patients and clients through its Hospice Care, Palliative Care, Age at Home and Adult Day Center programs. Agrace introduces Dementia Support Services As more and more people are now caregiving for a loved one who has memory loss, Agrace introduced Dementia Support Services that can provide guidance long before a person is eligible for hospice care. The "Learning to Live with Dementia" education series helps people (and their families) who are living with early- to mid-stage Alzheimer's disease or other dementias and need answers about the illness, how to access care and plan for future care decisions. During an Agrace Care Consultation, Agrace's dementia support specialist meets with individuals in person or virtually to offer personalized information and guidance. Agrace Establishes Operations in Milwaukee County In late 2024, Agrace opened a new office in Wauwatosa, Wis. from which it would establish hospice care operations serving all of Milwaukee County beginning in January, 2025. With this expansion, Agrace is able to serve people living throughout southern Wisconsin all the way from the Mississippi River to Lake Michigan.”

“(Expenses $ 167,614 including grants of $)(Revenue $ 114,173) Agrace Adult Day Center, LLC is a disregarded entity that was established in 2020. In July 2021, Agrace opened its doors to a freestanding Adult Day Center located at 1702 W. Beltline Highway, Madison. The Center is a safe, supportive place for older adults who need companionship and help with daily activities. As clients enroll at the Center, they have a functional assessment to help our staff understand their needs and interests so what they like can be woven into their daily activities. In 2024, the Center provided daytime care to 120 clients. In November 2024, Agrace Health, Inc. became the member of Agrace Adult Day Center LLC. Prior to November, Agrace Hospicecare, Inc. was the member.”

“CHANGE IN INTEREST IN NET ASSETS OF AFFILIATES - XXX-XX-XXXX; Total - XXX-XX-XXXX;”