Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
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Total |
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Calendar year
(or fiscal year beginning in)
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(a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in)
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(a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2021 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2021 |
(iii) Distributable Amount for 2021 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2021 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2021 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2021: | ||||
| a From 2016....... | ||||
| b From 2017....... | ||||
| c From 2018....... | ||||
| d From 2019....... | ||||
| e From 2020....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2021 distributable amount | ||||
|
i
Carryover from 2016 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2021 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2021 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2021, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2021. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2022. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2017..... | ||||
| b Excess from 2018..... | ||||
| c Excess from 2019..... | ||||
| d Excess from 2020..... | ||||
| e Excess from 2021..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | WEBSITE: HTTPS://TOWERHEALTH.ORG/LOCATIONS/ST-CHRISTOPHERS-HOSPITAL- CHILDREN STC OPCO, LLC (ST. CHRISTOPHER'S HOSPITAL FOR CHILDREN) PROVIDES A FULL RANGE OF HIGH-QUALITY HEALTHCARE SERVICES TO ALL CHILDREN AND YOUTH UP TO AGE 21 WHO SEEK OUR CARE OR WHO ARE REFERRED TO US. WE SERVE AS THE PRIMARY ACADEMIC AFFILIATE OF DREXEL UNIVERSITY FOR PEDIATRIC MEDICINE ACADEMIC AND RESEARCH ACTIVITIES, INCLUDING THE TEACHING OF DREXEL UNIVERSITY COLLEGE OF MEDICINE (DUCOM) MEDICAL STUDENTS AND OTHER HEALTH CARE PROFESSIONALS AND TRAINING OF GRADUATE MEDICAL PROFESSIONALS (RESIDENTS AND FELLOWS) BY DUCOM FACULTY AT ST. CHRISTOPHER'S HOSPITAL FOR CHILDREN FACILITIES, AND ANY OTHER EDUCATIONAL ACTIVITIES, TRAINING PROGRAMS, OR SCHOOLS OF INSTRUCTION WITH OTHER EDUCATIONAL INSTITUTIONS RELATED TO RENDERING CARE TO THE SICK AND INJURED OR THE PROMOTION OF HEALTH. STC PEDIATRICS, LLC WORKS COLLECTIVELY WITH ST. CHRISTOPHER'S HOSPITAL FOR CHILDREN IN ITS MISSION TO PROVIDE CONSISTENTLY HIGH QUALITY HEALTH CARE TO CHILDREN AND YOUTH IN THE PHILADELPHIA AREA AND THROUGHOUT THE GREATER DELAWARE VALLEY. STC PEDIATRICS ENGAGES IN ACTIVITIES RELATED TO THE PROMOTION OF HEALTH OF CHILDREN AND YOUTH IN THE PHILADELPHIA AREA AND THROUGHOUT THE GREATER DELAWARE VALLEY, INCLUDING, BUT NOT LIMITED TO, THE PROVISION OF A FULL RANGE OF HIGH-QUALITY, FAMILY CENTERED HEALTH CARE SERVICES AND CONTEMPORARY PEDIATRIC MEDICINE, INCLUDING RESEARCH AND MEDICAL EDUCATION, RELATED TO THE PROMOTION OF HEALTH. STC PEDIATRICS WORKS JOINTLY WITH DREXEL UNIVERSITY COLLEGE OF MEDICINE TO ATTRACT AND RETAIN PHYSICIANS WITH EXCELLENT ACADEMIC QUALIFICATIONS AND SKILLS TO PROMOTE STC PEDIATRIC'S MISSIONS; AND WORKS CHARITABLY TO PROMOTE COMMUNITY HEALTH EDUCATION, PREVENT ILLNESS AND INJURY AND PROVIDE MEDICAL SERVICES TO CHILDREN AND YOUTH UNDER THE AGE OF TWENTY-ONE (21) IN THE COMPANY'S SERVICE AREA. |
| FORM 990, PAGE 1, PART I, LINE 6 | VOLUNTEERS WORK THROUGHOUT THE HOSPITAL. SOME WORK WITH CHILDREN AND THEIR FAMILIES. OTHERS WORK IN DEPARTMENTS THAT HELP SUPPORT PATIENT CARE BEHIND THE SCENES. |
| FORM 990, PAGE 2, PART III, LINE 4D | OTHER INPATIENT/OUTPATIENT/PHYSICIAN SERVICE ACCOMPLISHMENTS INCLUDE BUT ARE NOT LIMITED TO: NEONATAL INTENSIVE CARE: ST. CHRIS'S NEONATAL INTENSIVE CARE UNIT DEPARTMENT IS A REGIONAL REFERRAL NICU WHICH PROVIDES EMERGENT, URGENT AND PRIMARY CARE SERVICES TO HIGH RISK NEONATES IN OUR COMMUNITY "24/7/365", REGARDLESS OF ABILITY TO PAY. OUR LEVEL IV NICU PROVIDES CARE FOR SOME OF THE REGION'S MOST CRITICALLY ILL NEWBORNS. WE PROVIDE ADVANCED TREATMENTS, SUCH AS LIFESAVING EXTRACORPOREAL MEMBRANE OXYGENATION (ECMO), COOL CAP THERAPY, COMPREHENSIVE NEUROLOGY CARE, AND ADVANCED SURGERIES. OUR CRITICAL CARE TRANSPORT TEAM GOES TO ALL REFERRING FACILITIES TO TRANSPORT THESE BABIES TO OUR NICU. TOTAL PATIENT DAYS IN FY2022 WERE 7,267. ORTHOPEDICS: A LEADER IN PEDIATRIC CARE SINCE 1875, ST. CHRIS'S ORTHOPEDICS DEPARTMENT CONSISTS OF ORTHOPEDIC SPECIALISTS THAT ASSIST CHILDREN FROM BIRTH TO AGE 21. SERVICES THEY TREAT ARE A RANGE OF PEDIATRIC AND ADOLESCENT CONDITIONS, INCLUDING, BONE AND JOINT INFECTIONS, BONE TUMORS (CANCEROUS AND NONCANCEROUS), CONGENITAL (INHERITED) PROBLEMS IN THE LIMBS OR SPINE, INCLUDING LIMB DEFORMITIES, DISLOCATIONS, FOOT DEFORMITIES, SUCH AS CLUBFOOT, FRACTURES & HIP, DISORDERS, NEUROMUSCULAR PROBLEMS, INCLUDING CEREBRAL PALSY AND MYELOMENINGOCELE, SPINE PROBLEMS, SUCH AS SCOLIOSIS AND SPONDYLOLISTHESIS, AND TRAUMATIC INJURIES. TOTAL VISITS FOR FY2022 WERE 24,996. |
| FORM 990, PART V | THE ORGANIZATION DOES NOT FILE FORM W-2, 1099-MISC OR FORM 1096. THE ORGANIZATION AND ITS RELATED ORGANIZATION, READING HOSPITAL (EIN 23- 1352204), SHARE ADMINISTRATIVE RESPONSIBILITIES. AS SUCH, READING HOSPITAL ADMINISTERS PAYMENTS TO INDEPENDENT CONSULTANTS AND FURNISHES FORM 1099- MISC, AS REQUIRED, AND IS RESPONSIBLE FOR FILING STC HEALTHCARE PARTNERS (EIN 84-3467958) FORM 1096 AND W-2 FILINGS. |
| FORM 990, PAGE 6, PART VI, LINE 6 | STC HEALTHCARE PARTNERS HAS A BOARD OF DIRECTORS AND TOWER HEALTH AND DREXEL UNIVERSITY EACH APPOINT 50%. |
| FORM 990, PAGE 6, PART VI, LINE 7A | THE BUSINESS AND AFFAIRS OF STC HEALTHCARE PARTNERS, LLC SHALL BE UNDER THE DIRECTION OF THE BOARD OF DIRECTORS (THE BOARD). THE MANAGEMENT OF THE COMPANY SHALL BE VESTED EXCLUSIVELY IN THE BOARD, SUBJECT TO CERTAIN POWERS RESERVED TO THE MEMBERS. THE BOARD SHALL ELECT THE OFFICERS OF THE COMPANY AT THE ANNUAL MEETING; PROVIDED, HOWEVER, THAT THE BOARD SHALL ELECT OFFICERS AT SUCH OTHER TIME AS NECESSARY TO FILL A VACANCY. |
| FORM 990, PAGE 6, PART VI, LINE 7B | THE FOLLOWING CHANGES TO THE COMPANY SHALL REQUIRE UNANIMOUS CONSENT FROM ALL MEMBERS: (A) ADMISSION OF NEW OR SUBSTITUTE MEMBERS OF THE COMPANY OR A SUBSIDIARY; (B) CHANGE IN, SALE, ASSIGNMENT, OR OTHER TRANSFER OF ANY MEMBERSHIP OWNERSHIP IN THE COMPANY; (C) RELOCATION OF THE HOSPITAL OR ESTABLISHMENT OF ADDITIONAL COMPANY OR SUBSIDIARY LICENSED HEALTH CARE FACILITIES; (D) DEBT ISSUANCE BY THE COMPANY BEYOND MATERIALITY THRESHOLDS AS MAY BE DETERMINED BY THE MEMBERS; (E) WITHDRAWAL OR DISSOCIATION OF ANY MEMBER FROM THE COMPANY; (F) AMENDMENT OF THE COMPANY'S CERTIFICATE OF ORGANIZATION OR THIS OPERATING AGREEMENT EXCEPT AS PERMITTED IN SECTION 1.3; (G) CHANGE IN OR DIVERGENCE FROM THE STATED MISSION AND PURPOSE OF THE COMPANY; (H) FILING OF A VOLUNTARY PETITION IN BANKRUPTCY OR OTHER APPLICATION FOR JUDICIAL RELIEF FROM THE CREDITORS OF THE COMPANY; (I) REORGANIZATION, RECAPITALIZATION, DIVISION, CONVERSION, LEASE, OR EXCHANGE OF SUBSTANTIALLY ALL OF THE ASSETS, DISSOLUTION, LIQUIDATION OR ANY OTHER MODIFICATION OF STRUCTURE OR AFFILIATIONS AFFECTING THE AUTONOMY, GOVERNANCE, OR OPERATIONS OF THE COMPANY; AND (J) ANY ACT OUTSIDE THE ORDINARY COURSE OF THE COMPANY'S ACTIVITIES AND AFFAIRS. IN THE EVENT THAT THE VOTE OF THE BOARD OF DIRECTORS IS TIED, THE MEMBER TOWER HEALTH SHALL BREAK THE TIE. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE FORM 990 IS PREPARED BY TOWER HEALTH STAFF AND REVIEWED BY AN EXTERNAL TAX ADVISOR AND POSTED TO A BOARD PORTAL FOR BOARD MEMBERS TO VIEW PRIOR TO FILING WITH THE IRS. MEMBERS ARE ALERTED TO INFORMATION AND NOTICES. A PAPER COPY OF FORM 990 IS AVAILABLE UPON REQUEST FOR ANY BOARD MEMBER UNABLE TO VIEW THE PORTAL. |
| FORM 990, PAGE 6, PART VI, LINE 12C | IT SHALL BE THE POLICY OF STC HEALTHCARE PARTNERS, LLC TO REQUIRE EACH BOARD MEMBER, OFFICER AND KEY EMPLOYEE TO SUBMIT IN WRITING TO TOWER HEALTH A LIST OF BUSINESS OR OTHER ORGANIZATIONS OF WHICH THE MEMBER OR MEMBER'S SPOUSE IS AN OFFICER, DIRECTOR, MEMBER EMPLOYEE OR OWNER (35% OR GREATER SHARE) WITH WHICH THE COMPANY MIGHT REASONABLY ENTER INTO A RELATIONSHIP OR A TRANSACTION IN WHICH THE BOARD MEMBER, OFFICER AND KEY EMPLOYEE WOULD HAVE CONFLICTING INTERESTS. EACH YEAR A COPY OF THE WRITTEN STATEMENT WILL BE SENT TO THE BOARD MEMBER FOR UPDATING AND RESUBMISSION AND BY WHICH THE BOARD MEMBER, OFFICER AND KEY EMPLOYEE SHALL CONFIRM HIS OR HER AWARENESS OF THIS POLICY. PROCEDURES FOR ADDRESSING A CONFLICT OF INTEREST: A. AFTER THE BOARD OR COMMITTEE HAS DETERMINED THAT A MEMBER IS INDEED CONFLICTED, THE CONFLICTED PERSON MAY BE COUNTED IN DETERMINING WHETHER THERE IS A QUORUM TO ACT, BUT MAY NOT VOTE UPON THE MATTER. THE CONFLICTED MEMBER, OR A CONFLICTED OFFICER WHO IS NOT A MEMBER, MAY NEVERTHELESS MAKE A PRESENTATION TO THE BOARD OR COMMITTEE ON THE MATTER BUT, AFTER THE PRESENTATION, THE CONFLICTED PERSON SHALL LEAVE THE MEETING DURING THE DISCUSSION OF AND VOTE ON THE MATTER. B. THE BOARD OR COMMITTEE CHAIR MAY APPOINT ONE OR MORE DISINTERESTED PERSONS TO INVESTIGATE POSSIBLE RESOLUTIONS OF THE MATTER THAT ARE DEVOID OF THE CONFLICT OF INTEREST. C. THE BOARD OR COMMITTEE SHALL EXERCISE DUE DILIGENCE TO DETERMINE WHETHER STC HEALTHCARE PARTNERS CAN ADDRESS THE MATTER MORE ADVANTAGEOUSLY BY MEANS THAT AVOID THE CONFLICT OF INTEREST. D. IF THE MATTER CANNOT BE ADDRESSED MORE ADVANTAGEOUSLY BY MEANS THAT AVOID THE CONFLICT OF INTEREST, OR IF OTHER APPROACHES TO RESOLUTION ARE IMPRACTICAL UNDER THE CIRCUMSTANCES, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE PROPOSED TRANSACTION OR CONTRACT IS IN STC HEALTHCARE PARTNERS BEST INTERESTS, WHETHER IT IS FAIR AND REASONABLE, AND WHETHER TO ENTER INTO IT. E. IF THE BOARD DETERMINES THAT THERE HAS BEEN A VIOLATION OF THIS POLICY, THE BOARD SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION, WHICH MAY INCLUDE REMOVAL (IF THE INTERESTED PERSON IS A BOARD OR COMMITTEE MEMBER) OR TERMINATION (IF THE INTERESTED PERSON IS AN EMPLOYEE). INTENTIONALLY OR REPEATEDLY FAILING TO ADHERE TO THIS POLICY IS GROUNDS FOR REMOVAL FROM THE BOARD AND ITS COMMITTEES |
| FORM 990, PAGE 6, PART VI, LINE 15A | IT SHALL BE THE PROCESS OF STC HEALTHCARE PARTNERS LLC TO FOLLOW THE TOWER HEALTH COMPENSATION PROCESS FOR EXECUTIVE MANAGEMENT, OTHER OFFICERS AND KEY EMPLOYEES. THE TOWER HEALTH BOARD OF DIRECTORS HAS DULY APPOINTED AN EXECUTIVE COMPENSATION COMMITTEE (THE "COMMITTEE"), WHICH IS RESPONSIBLE FOR THE REVIEW AND APPROVAL OF ALL COMPENSATION AND BENEFITS PROVIDED TO STC HEALTHCARE PARTNERS LLC'S EXECUTIVE MANAGEMENT. THE COMMITTEE HAS ADOPTED A WRITTEN EXECUTIVE COMPENSATION PHILOSOPHY STATEMENT AND AN EXECUTIVE COMPENSATION COMMITTEE CHARTER GOVERNING THE WORK AND REVIEW PROCESS OF THE COMMITTEE. THE COMMITTEE FOLLOWS THE PROCEDURES DESCRIBED IN THE PHILOSOPHY STATEMENT AND THE CHARTER WHEN IT REVIEWS AND APPROVES THE COMPENSATION AND EMPLOYEE BENEFITS PROVIDED TO SENIOR MANAGEMENT, INCLUDING THE CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER AT STC HEALTHCARE PARTNERS, LLC. THE COMMITTEE'S REVIEW ANALYZES EVERY ELEMENT OF COMPENSATION, INCLUDING CURRENT AND DEFERRED COMPENSATION, AND BENEFITS, INCLUDING QUALIFIED AND NON-QUALIFIED BENEFITS. THE COMMITTEE CONDUCTS ITS REVIEW AND APPROVAL PROCESS AT LEAST ANNUALLY AND APPROVES COMPENSATION AND BENEFITS ONLY TO THE EXTENT THAT THE COMMITTEE HAS CONCLUDED THAT THE COMPENSATION AND BENEFITS CONSTITUTE NO MORE THAN REASONABLE COMPENSATION FOR EACH EXECUTIVE. THE COMMITTEE CONSISTS ENTIRELY OF DISINTERESTED MEMBERS OF THE TOWER HEALTH BOARD, AND THE COMMITTEE WORKS WITH AN INDEPENDENT COMPENSATION CONSULTANT TO PREPARE AND REVIEW IN ADVANCE COMPREHENSIVE DATA SHOWING THE COMPENSATION PROVIDED BY SIMILARLY SITUATED ORGANIZATIONS FOR FUNCTIONALLY SIMILAR POSITIONS. THE COMMITTEE ALSO PREPARES A TIMELY AND THOROUGH WRITTEN RECORD OF ITS DELIBERATIONS AND CONCLUSIONS. AS A RESULT, THE COMMITTEE'S REVIEW PROCESS IS DESIGNED TO SATISFY THE PROCEDURAL CRITERIA NECESSARY TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE FEDERAL INCOME TAX LAW INTERMEDIATE SANCTIONS RULES. |
| FORM 990, PAGE 6, PART VI, LINE 15B | SAME RESPONSE AS LINE 15A WHICH INCLUDES KEY EMPLOYEES. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. |
| FORM 990, PART XI, LINE 9 | IMPAIRMENT (F/A & GOODWILL) 835,589 |
| Software ID: | |
| Software Version: |