Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
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| FORM 990, PART VI, SECTION A, LINE 4 | THERE WERE TWO BYLAWS CHANGES : (1) REDUCING THE VOTING MEMBERS OF THE FEDERATION EXECUTIVE COMMITTEE TO THE CHAIR, CHAIR-ELECT, AND IMMEDIATE PAST CHAIR, WITH THE VICE CHAIR SERVING IN AN EX-OFFICIO CAPACITY; AND (2) REDUCING THE FEDERATION'S BOARD OF DIRECTOR SIZE BY ELIMINATING BOARD OF DIRECTOR SEATS THAT SERVE BY VIRTUE OF THEIR STATUS AS CHAIRS OF THE LEGISLATIVE, HEALTH FINANCE, AND HOSPITAL LEADERSHIP COMMITTEES. |
| FORM 990, PART VI, SECTION A, LINE 6 | THERE ARE FOUR CLASSES OF MEMBERSHIP: THE INSTITUTIONAL, ASSOCIATE, INDIVIDUAL, AND HONORARY MEMBERSHIP. WITHIN EACH CATEGORY, THERE ARE DIFFERENT TIERS OF MEMBERSHIP. |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH HOSPITAL AND TYPE C ASSOCIATE MEMBER SHALL BE ENTITLED TO ONE VOTE ON MATTERS TO BE VOTED UPON BY THE MEMBERSHIP. INSTITUTIONAL MANAGEMENT COMPANIES, TYPE A-1, A 2, B, D, AND E ASSOCIATE AND INDIVIDUAL MEMBERS, OTHER THAN BOARD OF DIRECTORS, SHALL HAVE NO VOTING RIGHTS. OFFICERS ARE ELECTED BY VOTING MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11 | RAFFA, P.C. PREPARES A DRAFT FEDERAL FORM 990 BASED UPON MANAGEMENT'S FINANCIAL STATEMENTS AND THE FEDERAL FORM 990 QUESTIONNAIRE THAT RAFFA, P.C. PRESENTS TO MANAGEMENT. UPON RECEIPT OF THE DRAFT, THE CONTROLLER COMPARES THE DRAFT FEDERAL FORM 990 TO THE FINANCIAL STATEMENTS AND GENERAL LEDGER TO ENSURE THAT THE AMOUNTS RECONCILE AND THAT ALL FIGURES ARE REPORTED IN THE AREAS FOR WHICH THEY ARE INTENDED. FOR ADDITIONAL REVIEW, THE EXECUTIVE VICE PRESIDENT, MANAGEMENT, COMPLIANCE AND GENERAL COUNSEL REVIEWS THE DRAFT FEDERAL FORM 990 TO IDENTIFY ANY QUESTIONS OR CONCERNS ABOUT ENTRIES ON THE FORM. ONCE THE CONTROLLER AND THE EXECUTIVE VICE PRESIDENT DETERMINE THE FEDERAL FORM 990 TO BE ACCEPTABLE, THE TAX ACCOUNTANTS ARE GIVEN THE APPROVAL TO FINALIZE THE RETURNS. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL BOARD MEMBERS ARE PROVIDED WITH A COPY OF THE CONFLICT OF INTEREST AND DISCLOSURE FORM, THEN REQUIRED TO COMPLETE AND SIGN IT ANNUALLY. IN ADDITION, ALL BOARD MEMBERS ARE REQUIRED TO REPORT POTENTIAL OR ACTUAL CONFLICTS OF INTEREST TO THE FEDERATION ETHICS AND COMPLIANCE OFFICER. THE ETHICS AND COMPLIANCE OFFICER FORWARDS ALL COMPLETED FORMS TO THE FEDERATION'S EXECUTIVE COMMITTEE FOR REVIEW AND, IF NECESSARY, ACTION. ALL RECORDS ARE MAINTAINED IN THE FEDERATION'S CORPORATE OFFICES BY THE ETHICS AND COMPLIANCE OFFICER. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE PRESIDENT AND CEO'S TOTAL COMPENSATION PACKAGE IS SET BY CONTRACT, WHICH IS NEGOTIATED BY THE FEDERATION EXECUTIVE COMMITTEE SITTING AS THE FEDERATION'S COMPENSATION COMMITTEE. THE COMPENSATION AMOUNTS ARE DETERMINED WITH INPUT FROM A NATIONALLY REPUTABLE COMPENSATION CONSULTANT, WHO STUDIES THE COMPENSATION PACKAGES OF THE PRESIDENT AND CEO'S PEER GROUP. THE BASE COMPENSATION AND ANNUAL PERFORMANCE BONUSES FOR OTHER KEY EMPLOYEES ARE DETERMINED BY THE PRESIDENT AND CEO, WITH THE AID OF A COMPENSATION STUDY DONE BY THE SAME NATIONALLY RECOGNIZED COMPENSATION CONSULTANT. SPECIAL COMPENSATION ARRANGEMENTS FOR OTHER KEY EMPLOYEES ARE APPROVED BY THE FEDERATION'S COMPENSATION COMMITTEE. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FEDERATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. HOWEVER, THE FEDERATION'S FEDERAL FORM 990 IS AVAILABLE UPON REQUEST. |
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