FORM 990 - ORGANIZATION'S MISSION |
HISTORICALLY, THE MISSION OF THE ORGANIZATION HAS BEEN TO PROVIDE AND SUPPORT THE PROGRAMS AND ACTIVITIES OF MEADOWS REGIONAL MEDICAL CENTER, INC. (NOW PASTURES NEW III, INC.) AND MEADOWS HEALTHCARE RESOURCES, INC. (NOW PASTURES NEW II, INC.), PUBLICLY SUPPORTED CHARITABLE 501(C)(3) ORGANIZATIONS. THE ORGANIZATION IS IN THE PROCESS OF LIQUIDATING AND HAS NOT BEEN OPERATIONAL SINCE APRIL 2021. |
FORM 990, PAGE 6, PART VI, LINE 11B |
HISTORICALLY, FORM 990 AND ALL RELATED SCHEDULES WERE REVIEWED BY MRMC'S AUDIT COMMITTEE BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. THE BOARD MEMBERS OF THE GOVERNING BODY WOULD RECEIVE A COPY OF THE FORM 990 THROUGH THE ORGANIZATION'S WEB PORTAL FOR THEIR REVIEW. PRIOR TO FILING, THE CFO OF MRMC (NOW PASTURES NEW III, INC.) REVIEWED THE RETURN FOR FINANCIAL AND DISCLOSURE ACCURACY, AND RESPONDED TO QUESTIONS FROM BOARD MEMBERS. AS A RESULT OF THE SALE OF ASSETS TO AN HCA HEALTHCARE AFFILIATE IN APRIL 2021, THE CHAIRMAN OF THE BOARD REVIEWS THE RETURN PRIOR TO FILING. |
FORM 990, PAGE 6, PART VI, LINE 12C |
THE ORGANIZATION IS IN THE PROCESS OF LIQUIDATING AND IS NOT OPERATIONAL. HISTORICALLY, EACH MEMBER OF THE BOARD OF TRUSTEES AND THE EXECUTIVE OFFICERS ANNUALLY COMPLETED A WRITTEN POLICY OF CONFLICT OF INTEREST. ANNUAL STATEMENTS WERE TYPICALLY COMPLETED IN THE MONTH OF JANUARY. THE CEO AND GENERAL COUNSEL FOR MRMC MONITORED CONFLICTS, ATTENDED EACH BOARD MEETING, AND WERE RESPONSIBLE FOR ADDRESSING KNOWN CONFLICTS, AND REQUESTING TRUSTEE MEMBERS TO REFRAIN FROM VOTING ON DECLARED CONFLICTS. FOR SUBSTANTIAL CONFLICTS, THE BOARD MEMBERS WERE ASKED NOT TO DELIBERATE, TO ABSTAIN FROM VOTING, AND WERE REQUESTED TO REMOVE THEMSELVES FROM THE DISCUSSIONS OF THE MATTER. |
FORM 990, PAGE 6, PART VI, LINE 19 |
THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ADMINISTRATIVE OFFICES OF THE ORGANIZATION. |
FORM 990, PART XI, LINE 9 |
INTERCOMPANY ASSET/LIABILITY TRUE UP 9,209,830 PASTURES NEW I, INC. CEASED OPERATIONS IN 2021. THE ORGANIZATION IS THE PARENT ENTITY OF A COMPREHENSIVE INTEGRATED HEALTHCARE NETWORK, THE MEADOWS HEALTHCARE ALLIANCE (NOW PASTURES NEW I, INC.). SUBSTANTIALLY ALL ASSETS AND OPERATIONS OF THE ORGANIZATION (AND OF THE ENTIRE INTEGRATED GROUP) WERE SOLD TO VIDALIA HEALTH SERVICES, LLC, AN AFFILIATE OF HCA HEALTHCARE, INC. ON APRIL 30, 2021. THE ORGANIZATION AND ITS AFFILIATED ENTITIES ARE IN THE PROCESS OF LIQUIDATING. ALL REMAINING ASSETS OF THE INTEGRATED GROUP ARE OR WILL BE TRANSFERRED TO MEADOWS NEW FOUNDATION, A TAX-EXEMPT ENTITY. THE CHANGE IN FUND BALANCE IS ATTRIBUTABLE TO INTER AFFILIATE ACCOUNTING ADJUSTMENTS. |