| FORM 990, PART VI, SECTION A, LINE 3 |
THE ORGANIZATION EXECUTED A MANAGEMENT SERVICES AGREEMENT WITH ADVENTIST HEALTHCARE IN FEBRUARY 2020 TO BRING IN A SENIOR LEADERSHIP TEAM TO STRENGTHEN THE MANAGEMENT AND DAY-TO-DAY OPERATIONS OF THE HOSPITAL. ANITA JENKINS SERVES AS CEO OF THE HOSPITAL AND SHE IS AN EMPLOYEE OF ADVENTIST HEALTHCARE. JOE PERRY, THE HOSPITAL CFO, IS ALSO EMPLOYED BY ADVENTIST HEALTHCARE. |
| FORM 990, PART VI, SECTION B, LINE 11B |
A COMPLETE DRAFT OF THE FORM 990 IS SENT TO THE CHAIR OF THE AUDIT AND LEGAL COMMITTEE OF THE BOARD OF TRUSTEES, PRESIDENT, AND CHIEF FINANCIAL OFFICER FOR REVIEW. THIS PROVIDES THE OPPORTUNITY TO FORWARD ANY QUESTIONS THEY MAY HAVE AS PART OF THEIR REVIEW. ONCE QUESTIONS HAVE BEEN ANSWERED AND THEIR REVIEW IS COMPLETE, A FINAL DRAFT OF THE FORM 990 IS THEN POSTED TO THE BOARD OF TRUSTEES PORTAL FOR ONE WEEK TO ALLOW EACH MEMBER TO REVIEW AND ASK QUESTIONS. UPON COMPLETION OF BOARD OF TRUSTEES REVIEW AND COMMENTS OF THE FORM 990, ANY REQUIRED CHANGES ARE DOCUMENTED AND UPDATED TO THE FORM 990. THE FORM 990 IS THEN FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C |
THE UNIVERSITY HAS ADOPTED A CODE OF ETHICS AND CONDUCT. EACH TRUSTEE, OFFICER, AND OTHER SENIOR ADMINISTRATIVE PERSONNEL ARE REQUIRED TO COMPLETE A PERSONAL DISCLOSURE STATEMENT ON AT LEAST AN ANNUAL BASIS. DISCLOSURE STATEMENTS TAKE SUCH FORM AND CONTAIN QUERIES TO ELICIT INFORMATION REQUIRED UNDER THE CODE OF ETHICS AND CONDUCT AND ARE FILED WITH THE OFFICE OF SECRETARY (FOR TRUSTEES) OR THE CHIEF COMPLIANCE OFFICER (FOR ALL OTHER PERSONNEL). THE DISCLOSURES ARE SHARED WITH THE OFFICE OF COMPLIANCE, THE OFFICE OF GENERAL COUNSEL, THE OFFICE OF THE SECRETARY AND ARE REQUIRED BY THE BY-LAWS TO BE REPORTED TO THE AUDIT AND LEGAL COMMITTEE. ANY DISCLOSURE WHICH REVEALS FACTS THAT INDICATE A DUALITY OF INTEREST, ACTUAL CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST ARE REVIEWED AND WHERE APPROPRIATE A PLAN IS DEVELOPED AND IMPLEMENTED TO REMEDY, MANAGE OR MINIMIZE SUCH CONFLICT. THESE PLANS ARE MONITORED AND ENFORCED THROUGH ONGOING OVERSIGHT COORDINATED BY THE UNIVERSITY'S OFFICE OF COMPLIANCE, OR WITH RESPECT TO ANY TRUSTEE, THE OFFICE OF THE SECRETARY. |
| FORM 990, PART VI, SECTION B, LINE 15 |
COMPENSATION OF THE CEO, EXECUTIVE DIRECTOR, OR OTHER TOP MANAGEMENT OFFICIAL: THE UNIVERSITY BY-LAWS AUTHORIZE THE BOARD OF TRUSTEES' COMPENSATION AND SUCCESSION SUBCOMMITTEE TO MAKE RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE REGARDING THE PRESIDENT'S ANNUAL SALARY AND INCENTIVE OPPORTUNITY COMPENSATION. THE EXECUTIVE COMMITTEE IS AUTHORIZED TO REVIEW AND RATIFY OR APPROVE THESE ACTIONS AND ALL OF ITS MEMBERS ARE INDEPENDENT. THE BOARD OF TRUSTEES HAS USED QUATT AND ASSOCIATES, AN EXECUTIVE COMPENSATION CONSULTANT, TO BENCHMARK THE PRESIDENT'S COMPENSATION WITH COMPARABLE INSTITUTIONS AND REVIEW THE REASONABLENESS OF THE COMPENSATION TERMS BEFORE THEY ARE FINALIZED AND SET FORTH IN THE PRESIDENT'S EMPLOYMENT AGREEMENT WITH THE UNIVERSITY. IN ADDITION, THE BOARD OF TRUSTEES CONDUCTS AN ANNUAL PERFORMANCE EVALUATION OF THE PRESIDENT WHICH PROVIDES THE BASIS UPON WHICH ANY BONUS/INCENTIVE PAYMENTS BASED ON ACHIEVEMENT OF AGREED UPON GOALS AND OBJECTIVES ARE AWARDED. THE PROCESS IS DOCUMENTED IN THE BOARD MEETING MINUTES. THE BYLAWS OF THE UNIVERSITY AUTHORIZE THE COMPENSATION AND SUCCESSION SUBCOMMITTEE TO REVIEW THE PRESIDENT'S RECOMMENDED COMPENSATION, BONUS/INCENTIVE AWARDS, TITLES, POWERS, AND DUTIES FOR THE OFFICERS, KEY EMPLOYEES AND OTHER TOP MANAGEMENT OFFICIALS OF THE UNIVERSITY AND TO MAKE RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE FOR APPROVAL REGARDING SUCH MATTERS. IN MAKING ITS ASSESSMENTS, THE SUBCOMMITTEE OBTAINS COMPENSATION INFORMATION THAT INCLUDES MARKET DATA, AND PERFORMANCE, GOALS AND ACCOMPLISHMENTS, LENGTH OF SERVICE, AND PRIOR SALARY HISTORY IN REVIEWING THE REASONABLENESS OF THE OFFICERS', KEY EMPLOYEES', AND OTHER TOP MANAGEMENT OFFICIALS' COMPENSATION. THE EXECUTIVE COMMITTEE IS AUTHORIZED TO REVIEW AND RATIFY OR APPROVE SUCH RECOMMENDATIONS OF THE COMPENSATION AND SUCCESSION SUBCOMMITTEE. |
| FORM 990, PART VI, SECTION C, LINE 19 |
PUBLIC DISCLOSURE OF GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS: THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE AND UPON REQUEST. |
| FORM 990, PART IX, LINE 11G |
OTHER: PROGRAM SERVICE EXPENSES 41,520,434. MANAGEMENT AND GENERAL EXPENSES 63,727,095. FUNDRAISING EXPENSES 440,294. TOTAL EXPENSES 105,687,823. |
| FORM 990, PART XI, LINE 9: |
UNREALIZED CHANGE IN FUNDED STATUS OF DEFINED BENEFIT PENSION PLAN 79,437,000. UNREALIZED CHANGE IN OBLIGATION FOR POST RETIREMENT BENEFIT PLAN -1,417,000. NET PERIOD BENEFIT COST OTHER THAN SERVICE COST 1,021,000. CHANGE IN FUNDED STATUS OF SUPPLEMENTAL BENEFIT COST 227,000. LOSS ON EXTINGUISHMENT OF DEBT -14,916,000. |
| FORM 990, PART XII, LINE 2C: |
THE PROCESS HASN'T BEEN CHANGED FROM THE PRIOR YEAR. |
Attach to Form 990 or 990-EZ.