FORM 990, Part III, Line 3 |
At the end of FY14, Main Line Affiliates stopped providing therapy services to facilities. FORM 990, Part VI, Section A, Lines 6, 7a and 7b AS PER THE ARTICLES OF INCORPORATION, THE SOLE MEMBER OF MAIN LINE AFFILIATES IS MAIN LINE DIVERSIFIED SERVICES, A PA NONPROFIT CORPORATION. AS SOLE MEMBER, MAIN LINE DIVERSIFIED SERVICES HOLDS CERTAIN POWERS OF ELECTION AND APPROVAL IN CONNECTION WITH THE GOVERNING BODY OF MAIN LINE AFFILIATES. THESE POWERS ARE PRESENTED IN DETAIL IN THE COMPANY'S GOVERNING DOCUMENTS WHICH THE COMPANY MAKES AVAILABLE TO THE PUBLIC UPON REQUEST. |
FORM 990, PART VI, SECTION B, LINE 11B |
THE FORM 990 IS PREPARED IN CONJUNCTION WITH PRICEWATERHOUSECOOPERS LLP AND REVIEWED INTERNALLY BY MANAGEMENT. IT IS THEN SENT TO THE BOARD OF TRUSTEES FOR THEIR REVIEW. THE FORM 990 IS REVIEWED AT A MEETING OF THE BOARD OF TRUSTEES PRIOR TO FILING. |
FORM 990, PART VI, SECTION B, LINE 12C |
ANNUAL CONFLICTS OF INTEREST STATEMENTS ARE REQUIRED TO BE COMPLETED BY ALL TRUSTEES, OFFICERS, DIRECTORS, KEY EMPLOYEES AND OTHER INTERESTED PERSONS. ANY CONFLICTS ARISING ARE REFERRED TO THE GOVERNANCE COMMITTEE FOR RESOLUTION. IF DEEMED NECESSARY OR ADVISABLE, CASES MAY BE REFERRED TO THE MAIN LINE HEALTH BOARD FOR RESOLUTION. |
FORM 990, PART VI, SECTION B, LINE 15 |
THE COMPENSATION PAID TO BOARD MEMBERS IS PAID BY AFFILIATES OF THE ORGANIZATION. THE PROCESS FOR DETERMINING COMPENSATION FOR BOARD MEMBERS IS AS FOLLOWS: Using the services of an independent consulting firm, Main Line Health System (formerly Jefferson Health System), utilized no fewer than three executive compensation surveys in determining the compensation of the Main Line Health CEO. Main Line Health System (formerly Jefferson Health System) used market data representing functionally comparable jobs within similarly situated organizations in making these compensation determinations. After the review and deliberation of the executive committee of the board, which has the responsibilities of a compensation committee, compensation recommendations were reviewed and approved by the full board. FURTHER, THE HUMAN RESOURCES & COMPENSATION COMMITTEE OF THE MAIN LINE HEALTH BOARD, USING THE SERVICES OF AN INDEPENDENT EXECUTIVE COMPENSATION CONSULTING FIRM, IS RESPONSIBLE FOR EVALUATING AND DETERMINING THE TOTAL SENIOR EXECUTIVE BENEFITS AND COMPENSATION FOR THE EVP & CHIEF FINANCIAL OFFICER, HOSPITAL PRESIDENTS AND OTHER SENIOR EXECUTIVES USING BOTH NATIONAL AND REGIONAL HEALTHCARE DELIVERY MARKET COMPARABLE COMPENSATION DATA. AFTER REVIEW AND DELIBERATION, THE COMMITTEE DOCUMENTS ITS COMPENSATION DECISIONS AND REPORTS TO THE FULL Main Line Health BOARD OF GOVERNORS WHO REVIEW AND APPROVE THE COMPENSATION DECISIONS. |
FORM 990, PART VI, SECTION C, LINE 19 |
THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
FORM 990, Part VII, Section A, Column B |
THE OFFICERS DEVOTE THEIR TIME TO ALL OF THE ORGANIZATIONS WITHIN MAIN LINE HEALTH, INC. AS SUCH, THE TOTAL HOURS WORKED BY THE OFFICERS, ACROSS ALL OF THE ORGANIZATIONS, CUMULATIVELY REPRESENT THEIR FULL-TIME EMPLOYMENT STATUS. |
FORM 990, PART XI, LINE 9 |
Other changes in net assets include an DEcrease of $900,000 due to a INcrease in the Pension Projected Benefit Obligation in accordance with Statement of Financial Accounting Standards No. 158, Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans. |