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false false true true true X true true SCHEDULE A, PART I, QUESTION 12G IN ADDITION TO THE FINANCIAL SUPPORT DESCRIBED IN ATTACHMENT 1, HACKENSACK MERIDIAN HEALTH, INC. PROVIDES CENTRALIZED SERVICES SUCH AS: STRATEGIC PLANNING, BOARD GOVERNANCE, FINANCE AND COMPLIANCE AND AUDIT TO EACH OF ITS SUPPORTED ORGANIZATIONS. SCHEDULE A, PART IV, SECTION A, QUESTION 5 Effective 1/1/2022, Hackensack Meridian Ambulatory Ventures, Inc. (EIN: 46-1227706) and Robert Wood Johnson Jr. Lifestyle Institute, Inc. (EIN: 22-2421433) merged into HMH Residential Care, Inc. (EIN: 22-2731440). HMH Residential Care, Inc. changed its name to Hackensack Meridian Ambulatory Care, Inc. The authority to merge two New Jersey nonprofit corporations is set forth in the Nonprofit Corporations Act, NJSA 15A - 1.1 et seq. Approving such a merger was included in the member reserved powers under the governing documents for both Hackensack Meridian Ambulatory Ventures, Inc., Robert Wood Johnson Jr. Lifestyle Institute, Inc. and HMH Residential Care, Inc. Hackensack Meridian Health, Inc., which was the sole member of each of Hackensack Meridian Ambulatory Ventures, Inc. and Robert Wood Johnson Jr. Lifestyle Institute, Inc., approved the merger by action of its Board, as did the Boards of both Hackensack Meridian Ambulatory Ventures, Inc. and Robert Wood Johnson Jr. Lifestyle Institute, Inc. The reasons for the merger of Hackensack Meridian Ambulatory Ventures, Inc. and Robert Wood Johnson Jr. Lifestyle Institute, Inc. into HMH Residential Care, Inc. were several, including standardization, efficiencies and consistency in hospital operations, consistent governance of all HMH Hospitals by a single board, standardization in terms of operations and delivery of quality care to our patients, efficiencies and reduction of multiple board meetings, and an alignment in operations and governance among all hospitals in the Network under a single corporate operational structure and board. The action was accomplished by the filing of a certificate of merger and plan of merger with the State of New Jersey - copy attached. SCHEDULE A, PART IV, SECTION D, QUESTION 3 By virtue of the relationship outlined in Part IV, Section D, Question #2, the supported organizations have a significant voice in this organization's investment policies and in directing the use of this organization's income or assets since they are all affiliates within Hackensack Meridian Health; a tax-exempt integrated healthcare delivery network. Hackensack Meridian Health, Inc. is the tax-exempt parent entity of Hackensack Meridian Health and, in this role, coordinates, oversees and supports the charitable activities of Hackensack Meridian Health. All organizations, in keeping with the charitable mission of Hackensack Meridian Health and in furthering the continuum of care, work together to provide medically necessary healthcare services to all individuals in a nondiscriminatory manner regardless of race, color, creed, sex, national origin or ability to pay. SCHEDULE A, PART IV, SECTION E, QUESTIONS 3A & 3B IN ACCORDANCE WITH ITS GOVERNING DOCUMENTS AND STATED MISSION AND CHARITABLE PURPOSES, HACKENSACK MERIDIAN HEALTH, INC. HAS THE POWER TO REGULARLY APPOINT OR ELECT THE OFFICERS, DIRECTORS, OR TRUSTEES OF EACH OF ITS SUPPORTED ORGANIZATIONS. HACKENSACK MERIDIAN HEALTH, INC. HAS ALSO EXERCISED A SUBSTANTIAL DEGREE OF DIRECTION OVER THE POLICIES, PROGRAMS AND ACTIVITIES OF EACH OF ITS SUPPORTED ORGANIZATIONS. HACKENSACK MERIDIAN HEALTH, INC. COORDINATES AND SETS THE STRATEGIC PLANS AND GOALS AND FURTHERS THE CHARITABLE PURPOSES AND MISSION OF ALL OF ITS SUPPORTED ORGANIZATIONS THROUGH COMMITTEES OF ITS GOVERNING BODY THAT FUNCTION AS COMMITTEES OF HACKENSACK MERIDIAN HEALTH; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY NETWORK OF WHICH HACKENSACK MERIDIAN HEALTH, INC. IS THE TAX-EXEMPT PARENT. ADDITIONALLY, THE ORGANIZATION'S GOVERNANCE STRUCTURE, THROUGH ITS BOARD COMMITTEES, PROVIDES DIRECTION AND OVERSIGHT AS IT RELATES TO STRATEGIC PLANNING, BOARD GOVERNANCE, FINANCE COMPLIANCE AND AUDIT. 174833 174833 8619862 2691089 5928773 45111 26537 17974 6121580 ALTERNATIVE INVESTMENTS 1295719983 F BOND PRINCIPAL/INTEREST 26873104 F JPM OPERATING FUND INVESTMENTS 1009948835 F CURR PORTION BD DESIGN 141188000 F 2473729922 0 TAXABLE BOND LIABILITY 1652473855 DUE TO THIRD PARTY 233602297 LONG TERM RETIREMENT PLAN 148551587 DUE TO RELATED PARTIES 100836260 2135463999 X SCHEDULE D, PART X THE ORGANIZATION IS THE TAX-EXEMPT PARENT ORGANIZATION OF HACKENSACK MERIDIAN HEALTH; A TAX-EXEMPT INTEGRATED HEALTH CARE DELIVERY NETWORK. PRICE WATERHOUSE COOPERS, L.L.P. AUDITED THE CONSOLIDATED FINANCIAL STATEMENTS OF HACKENSACK MERIDIAN HEALTH, INC. FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021. THE FOLLOWING DISCLOSURE IS INCLUDED IN THE ORGANIZATION'S INCOME TAX FOOTNOTE INCLUDED IN THE SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES FOOTNOTE OF THE 2022 AUDITED CONSOLIDATED FINANCIAL STATEMENTS THAT REPORTS THE ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 (ASC 740): ALL OF THE NOT-FOR-PROFIT ENTITIES INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS ARE CORPORATIONS AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("CODE") AND ARE EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THESE ENTITIES, EXCEPT FOR THE PHYSICIAN PRACTICES, ARE ALSO EXEMPT FROM STATE INCOME TAXES. PER THE REQUIREMENT TO ASSESS FOR TAX UNCERTAINTY, MANAGEMENT HAS DETERMINED THAT IT DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRED TO BE ACCRUED OR REPORTED. X X true true false true false false false false false false false ROBERT C GARRETT CEO/TRUSTEE 0 2549241 0 1832399 0 1292784 0 277938 0 32417 0 5984779 0 250000 MARK STAUDER CHIEF OPERATING OFF 0 1697375 0 936749 0 277208 0 15250 0 31009 0 2957591 0 0 ROBERT L GLENNING PRES FIN/IT SVCS CFO 0 1378293 0 655678 0 578577 0 15250 0 37883 0 2665681 0 0 IHOR SAWCZUK MD REG PRES HOSPITALS 0 1663959 0 542697 0 335365 0 27938 0 29940 0 2599899 0 0 AUDREY C MURPHY ESQ EVP CO-CHF LEGAL OFF 0 947437 0 284437 0 847509 0 27938 0 40325 0 2147646 0 133822 PATRICK YOUNG PRES POP HEALTH 0 1017079 0 588004 0 234002 0 424346 0 40067 0 2303498 0 150001 DANIEL VARGA MD CHIEF PHYSICIAN EXEC 0 1092955 0 409415 0 194560 0 15250 0 41248 0 1753428 0 0 JAMES BLAZAR EVP CHIEF STRAT OFF 0 975093 0 331817 0 236983 0 15250 0 34494 0 1593637 0 0 ANN B GAVZY ESQ EVP CO-CHF LEGAL OFF 0 855939 0 273827 0 248709 0 24400 0 32769 0 1435644 0 0 LINDA MCHUGH EVP CHIEF EXP OFF 0 887969 0 234914 0 207870 0 15250 0 30875 0 1376878 0 22500 JOYCE HENDRICKS CHIEF DEVEL OFF 0 619110 0 360943 0 145032 0 15250 0 28957 0 1169292 0 0 CATHERINE A AINORA EVP CIO (TERMED 4/2/22) 0 202069 0 404279 0 69878 0 12720 0 5356 0 694302 0 0 SCHEDULE J, PART I; QUESTION 1A CERTAIN BENEFITS, SUCH AS COMPANION TRAVEL, ARE PROVIDED ONLY AS EXCEPTIONS TO CORPORATE POLICY IN COMPELLING CIRCUMSTANCES INVOLVING STRONG BUSINESS PURPOSES. WHEN THESE BUSINESS-RELATED BENEFITS ARE APPROVED AND PROVIDED, HMH ALSO PROVIDES REIMBURSEMENT OF THE TAX, SO THAT THE BENEFIT IS PROVIDED WITHOUT COST TO THE INDIVIDUAL. THE TAX REIMBURSEMENTS WERE TREATED AS TAXABLE INCOME AND REPORTED AS SUCH ON THE FORM W-2 (OR 1099-MISC, IN THE CASE OF A BOARD MEMBER), AND INCLUDED IN THE AMOUNTS REPORTED IN SCHEDULE J FOR LISTED INDIVIDUALS. FIRST CLASS TRAVEL: HMH HAS A DETAILED AND THOROUGH CORPORATE POLICY ON REIMBURSEMENT OF BUSINESS EXPENSES, INCLUDING EXPENSES OF TRAVEL FOR BUSINESS PURPOSES. THE HMH EXPENSE REIMBURSEMENT POLICY GENERALLY PROHIBITS FIRST CLASS TRAVEL, BUT ALLOWS AN UPGRADE IN VERY LIMITED CIRCUMSTANCES. HMH ENCOURAGES SENIOR LEADERS TO UTILIZE THE TRAIN NETWORK FOR TRAVEL WHEN APPROPRIATE. HMH'S POLICY ALLOWS FOR BUSINESS CLASS TRAVEL (WHICH CAN BE THE EQUIVALENT OF FIRST CLASS TRAVEL, WHERE BUSINESS CLASS IS THE ONLY CLASS ABOVE ECONOMY/COACH), IF THE TRAVEL SEGMENT EXCEEDS TEN HOURS OF SCHEDULED FLYING TIME OR IF APPROVED BY THE CEO. BUSINESS CLASS AFFORDS THE TRAVELER THE ABILITY TO WORK ON CONFIDENTIAL HMH RELATED BUSINESS DURING TRAVEL TIME. UNLIKE BUSINESS CLASS, TRAVELING COACH DOES NOT PROVIDE THE EXECUTIVE WITH A REASONABLE MEANS TO WORK ON HMH BUSINESS DURING TRAVEL TIME. NO AMOUNTS HAVE BEEN INCLUDED AS REPORTABLE COMPENSATION AS THESE TRAVEL EXPENSES WERE INCURRED FOR BUSINESS PURPOSES. BUSINESS CLASS TRAVEL (WHERE THE EQUIVALENT OF FIRST CLASS TRAVEL) WAS PROVIDED TO THREE SENIOR EXECUTIVES AND FOUR BOARD MEMBERS. TRAVEL FOR COMPANIONS: HMH PROVIDES FOR BOARD MEMBERS AND CEO SPOUSAL TRAVEL FOR CRITICAL BUSINESS EVENTS THAT ARE ORDINARY AND NECESSARY. THE BOARD MEMBERS AND CEO SPEND AN EXTENSIVE AMOUNT OF TIME AWAY FROM THEIR FAMILIES. THE SPOUSES HAVE A SIGNIFICANT ROLE IN ASSURING THE ATTENDANCE AND FOCUS OF BOARD MEMBERS AND CEO AT THESE CRITICAL ORGANIZATION EVENTS. SUCH SPOUSAL TRAVEL WAS PROVIDED IN 2022 TO TWO BOARD MEMBERS, AND THE ENTIRE SPOUSAL TRAVEL REIMBURSEMENT AMOUNT HAS BEEN TREATED AS TAXABLE INCOME TO THESE INDIVIDUALS. SCHEDULE J, PART I; QUESTION 3 PLEASE REFER TO OUR RESPONSE TO CORE FORM, PART VI, SECTION B, QUESTIONS 15A & 15B INCLUDED IN SCHEDULE O. SCHEDULE J, PART I; QUESTION 4B THE AMOUNT REFLECTED IN COLUMN B(III) FOR THE FOLLOWING INDIVIDUALS INCLUDES PARTICIPATION IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") AS THE AMOUNTS WERE NO LONGER SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. THE AMOUNTS OUTLINED HEREIN WERE INCLUDED IN EACH INDIVIDUAL'S 2022 FORM W-2 AS TAXABLE WAGES: ROBERT C. GARRETT, FACHE,$904,854; ROBERT L. GLENNING,$384,734; ANN B. GAVZY, ESQ., $209,740; AUDREY C. MURPHY, ESQ., MSN, RN, $682,354; IHOR S. SAWCZUK,M.D., $227,681; PATRICK YOUNG, $180,672; JAMES BLAZAR, $153,901; CATHERINE AINORA, $31,101; DANIEL VARGA, MD, $169,290; MARK STAUDER, $258,957; JOYCE HENDRICKS, $98,594; AND LINDA MCHUGH, $162,100. THE DEFERRED COMPENSATION AMOUNTS REFLECTED IN COLUMN (C) FOR THE FOLLOWING INDIVIDUALS INCLUDE BENEFITS IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN). THESE AMOUNTS ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. THESE INDIVIDUALS WILL NOT EARN THE RIGHT TO RECEIVE THE DEFERRED COMPENSATION AMOUNTS UNLESS AND UNTIL THEY PROVIDE SUBSTANTIAL FUTURE SERVICES TO THE ORGANIZATION. WHEN THE FUTURE SERVICES REQUIREMENT IS MET, THE AMOUNTS WILL BECOME VESTED, WILL BE TAXED, WILL BE INCLUDED ON THE W-2, AND WILL BE REPORTED AGAIN ON THIS SCHEDULE. PATRICK YOUNG. A NJHCFA SERIES 2013A 221987084 64579F3H4 2013-05-08 33451469 REFUND 2002 BOND ISSUE false false false B NJHCFA SERIES 2015A 221987084 000000000 2015-11-02 130000000 CONSTRUCT & EQUIP FACILITY false false false C NJHCFA SERIES 2016A 221987084 000000000 2016-03-16 129602500 REFUND 2012 BOND ISSUE false false false D NJHCFA SERIES 2017A 221987084 645790KM7 2017-04-20 647774568 REFINANCE EXISTING BONDS, CONSTRUC false false false A 10305000 0 33452081 0 0 0 435471 0 0 0 33016610 0 2013 true false true true B 30694275 0 130000000 0 0 0 0 0 0 130000000 0 0 2015 false false true true C 14022500 0 129602500 0 0 0 0 0 0 0 129602500 0 2016 true false true true D 46380000 0 648555018 0 0 0 3730288 0 0 100000000 544824730 0 2018 true true true true A 0 B false true true true false 0 false false false true C false false false false 0 0.00280 0.00280 false false false true D false false true true false 0 0.01410 0.01410 false false false true A false true false false 0 false 0 false true B false true false false 0 false 0 false true C false true true false 0 false 0 false true D false true false false 0 false 0 false true A true B true C true D true SCHEDULE K, PART I, COLUMN (E) FOR THE BONDS ISSUED ON 5/8/2013 AND 4/20/2017 THE DIFFERENCE BETWEEN THE ISSUE PRICE AND TOTAL PROCEEDS IS DUE TO INVESTMENT EARNINGS. SCHEDULE K, PART I, COLUMN (F) PROCEEDS FOR THE BOND ISSUED ON 5/8/2013 WERE USED TO REFUND THE FOLLOWING NEW JERSEY HEALTH CARE FACILITIES FINANCING AUTHORITY REVENUE BOND ISSUE: - BAYSHORE COMMUNITY HOSPITAL ISSUE, SERIES 2002, DATED JANUARY 15, 2002. PROCEEDS FOR THE BOND ISSUED ON 3/16/2016 WERE USED TO REFUND THE FOLLOWING NEW JERSEY HEALTH CARE FACILITIES FINANCING AUTHORITY REVENUE BOND ISSUES: - MERIDIAN HEALTH SYSTEM OBLIGATED GROUP ISSUE, SERIES 2012A, DATED OCTOBER 2, 2012 - MERIDIAN HEALTH SYSTEM OBLIGATED GROUP ISSUE, SERIES 2012B, DATED OCTOBER 2, 2012 - MERIDIAN HEALTH SYSTEM OBLIGATED GROUP ISSUE, SERIES 2012C, DATED OCTOBER 2, 2012. PROCEEDS FOR THE BOND ISSUED ON 4/20/2017 WERE USED TO REFUND THE FOLLOWING NEW JERSEY HEALTH CARE FACILITIES FINANCING AUTHORITY REVENUE BOND ISSUES: - MERIDIAN HEALTH SYSTEM OBLIGATED GROUP ISSUE, SERIES 2007, DATED DECEMBER 13, 2007 - HACKENSACK UNIVERSITY MEDICAL CENTER ISSUE, SERIES 2008, DATED APRIL 10, 2008 - HACKENSACK UNIVERSITY MEDICAL CENTER ISSUE, SERIES 2010, DATED AUGUST 26, 2010 - HACKENSACK UNIVERISTY MEDICAL CENTER ISSUE, SERIES 2010B, DATED OCTOBER 26, 2010 - PALISADES MEDICAL CENTER OBLIGATED GROUP ISSUE, SERIES 2013, DATED JULY 2, 2013. PROCEEDS FOR THE BOND ISSUED 5/1/2019 WERE USED FOR THE REIMBURSEMENT OF PRIOR CAPITAL ASSET EXPENDITURES. SCHEDULE K, PART III THE BOND ISSUED ON 5/8/2013 REFUNDED PRE-2003 BONDS THEREFORE, PART III FOR THESE BOND ISSUES IS NOT APPLICABLE. SCHEDULE K, PART IV, LINE 2C THE COMPUTATION FOR THE BOND ISSUED ON 5/8/2013 WAS COMPUTED ON MAY 8, 2019. THE COMPUTATION FOR THE BOND ISSUED ON 8/12/2015 WAS COMPUTED ON AUGUST 11, 2017. THE COMPUTATION FOR THE BOND ISSUED ON 11/2/2015 WAS COMPUTED ON NOVEMBER 24, 2020. THE COMPUTATION FOR THE BOND ISSUED ON 3/16/2016 WAS COMPUTED ON MAY 28, 2020. THE COMPUTATION FOR THE BOND ISSUED ON 4/20/2017 WAS COMPUTED ON JULY 1, 2023. SCHEDULE K, PART VI THE FOLLOWING SIX BOND SERIES FROM PRIOR YEAR WERE REFINANCED IN 2022 AND NO LONGER QUALIFIED AS TAX-EXEMPT BONDS. NO FURTHER SCHEDULE K REPORTING IS REQUIRED FOR 2022 AND FUTURE PERIODS. (A)ISSUER NAME, (B)ISSUER EIN, (C)CUSIP #, (D)DATE ISSUED, (E)ISSUE PRICE 1. (A)NJHCFA SERIES 2003A & 2003B, (B)22-1987084, (C)64579E7X8, (D)2/20/2003, (E)$100,000,000 2. (A)NJHCFA SERIES 2004A-3, (B)22-1987084, (C)64579FDA8, (D)6/24/2004, (E)$14,725,000 3. (A)NJHCFA SERIES 2006, (B)22-1987084, (C)64579FHG1, (D)5/18/2006, (E)$18,390,000 4. (A)NJHCFA SERIES 2006 A-3, (B)22-1987084, (C)64579FJQ7, (D)11/22/2006, (E)$5,100,000 5. (A)NJHCFA SERIES 2011, (B)22-1987084, (C)64579FW25, (D)12/21/2011, (E)$215,633,457 6. (A)NJCFA SERIES 2006A-4 & A-5, (B)22-1987084, (C)64579FJS3,(D)11/22/2006, (E)$32,570,000 A NJHCFA SERIES 2015 221987084 000000000 2015-08-12 84000000 CONSTRUCT & EQUIP FACILITY false false false B NJHCFA SERIES 2019 CAP ASSET PROG LOAN 221987084 000000000 2019-05-01 27000000 Tax-Exempt Loan from Pre-1985 Bond false false true A 19747969 0 84000000 0 0 0 325733 0 0 0 83674267 0 2018 false false true true B 13499571 0 27000000 0 0 0 0 0 0 0 27000000 0 2019 false false true true A false false false false 0 false false false true B 0 A false true false false 0 false 0 false true B false true true false 0 false 0 true A true B true CORE FORM, PART III; LINE 4D PROVIDING VARIOUS OTHER MEDICALLY NECESSARY HEALTHCARE SERVICES, SUCH AS EMERGENCY DEPARTMENT, OBSTETRICS & NEWBORNS, CHEMOTHERAPY, ONCOLOGY, BEHAVIORAL HEALTH, ETC., TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. CORE FORM, PART VI, SECTION B; QUESTION 11B _____________________________________________ Hackensack Meridian Health, Inc. ("HMH") is the parent organization of a tax-exempt integrated healthcare delivery network. HMH's finance personnel prepared the federal Form 990. HMH retained a firm of independent certified public accountants with experience and expertise in healthcare and not-for-profit tax return preparation to review and file the Form 990. HMH's board of trustees designated the Audit and Compliance Committee ("ACC") to review the Form 990. The form 990 was provided to the members of the ACC for review. The Form 990 was also provided to each voting member of HMH's governing body, its board of trustees, prior to filing with the Internal Revenue Service. CORE FORM, PART VI, SECTION B; QUESTION 12C THE ORGANIZATION, HACKENSACK MERIDIAN HEALTH, INC., IS THE TAX-EXEMPT PARENT OF A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY NETWORK ("NETWORK"). HACKENSACK MERIDIAN HEALTH, INC. HAS ADOPTED A NETWORK-WIDE CONFLICT OF INTEREST POLICY WHICH IS APPLICABLE TO ALL OF ITS SUBSIDIARY ORGANIZATIONS. THE ORGANIZATIONS REGULARLY MONITOR AND ENFORCE COMPLIANCE WITH THE NETWORK'S CONFLICT OF INTEREST POLICY. ANNUALLY, ALL MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS AND KEY EMPLOYEES OF EACH ORGANIZATION ARE REQUIRED TO REVIEW THE EXISTING CONFLICT OF INTEREST POLICY AND COMPLETE A QUESTIONNAIRE WITH RESPECT TO ANY APPLICABLE TRANSACTIONS AND RELATIONSHIPS. THE COMPLETED QUESTIONNAIRES ARE RETURNED TO THE NETWORK'S CHIEF COMPLIANCE OFFICER FOR REVIEW. THE CHIEF COMPLIANCE OFFICER THEN PREPARES A SUMMARY OF THE COMPLETED QUESTIONNAIRES AND PRESENTS THE SUMMARY TO THE NETWORK'S GOVERNANCE AND BOARD DEVELOPMENT COMMITTEE FOR ITS REVIEW, DISCUSSION AND ACTION (IF NEEDED). ANY TRUSTEE, OFFICER OR KEY EMPLOYEE WITH A DISCLOSED CONFLICT WOULD RECUSE THEMSELVES FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS OF A TRANSACTION IN QUESTION. DURING THE YEAR, THE CHIEF COMPLIANCE OFFICER, IN CONJUNCTION WITH THE GENERAL COUNSEL, ALSO MONITORS ON-GOING TRANSACTIONS IN LIGHT OF THE SUMMARY TO ENSURE THAT ANY POTENTIAL CONFLICTS OF INTEREST ARE APPROPRIATELY HANDLED IN COMPLIANCE WITH THE POLICY. CORE FORM, PART VI, SECTION B; QUESTIONS 15A & 15B This organization is the tax-exempt parent of a tax-exempt integrated healthcare delivery network ("network"). The Executive and Physician Compensation Committee ("Committee") of this organization is responsible for reviewing the executive compensation of the CHIEF EXECUTIVE OFFICER and SPECIFIED key employees (senior management) of this network. The Committee has adopted a written executive compensation philosophy, which it follows when it reviews and approves compensation and benefits. The executive compensation philosophy recognizes the size and complexity of the health care network and the critical need to have and retain executives that consistently demonstrate superior levels of performance so that the health network can fulfill its charitable mission and strategic objectives. The Committee reviews the "total compensation", including both current and deferred compensation and all employee benefits, both qualified and non-qualified, on at least an annual basis to ensure that the "total compensation" of the chief executive officer(s), other officers and each senior management key employee is reasonable. To assist with the review, the Committee engages the services of a nationally recognized independent consulting firm specializing in executive compensation for not-for-profit health care organizations, and receives national and regional market data for comparable organizations, a report summarizing such data, and an opinion letter relating to the reasonableness of each executive's total compensation and benefits. Additionally, a senior member of the consulting firm attends the committee's meetings to provide information and to respond to questions by the members of the committee. The independent committee utilizes the outside market data comparability and, based upon the executive compensation philosophy, the organization's performance, business judgment considerations, and the individual's performance, reviews and approves compensation for each individual. Guided at each meeting by outside counsel to the committee, the comprehensive review process utilized by the committee is intentionally structured to qualify for the rebuttable presumption under Section 4958 of the Internal Revenue Code of 1986: 1. The compensation arrangement is approved in advance by the Committee, which is an "authorized body" of the organization composed entirely of individuals who do not have a conflict of interest within the meaning of the IRS regulations under Section 4958; 2. The Committee obtains and relies upon "appropriate data as to comparability" (for comparable positions at similar healthcare organizations) prior to making its determination, which comparability data is provided and analyzed by the committee's independent consulting firm with expertise in the area of not-for-profit health care executive compensation; and 3. The Committee thoroughly documents its review and approval process, as well as the basis for its approvals, concurrently with making that determination, again as described in the IRS regulations. As appropriate, the committee supplements the comparability data with other objective factors designed to ensure the reasonableness of the compensation paid, including an analysis of individual goals and objectives, organizational performance, personnel reviews, evaluations, self-evaluations, and any written offers from competing organizations. The compensation arrangements approved by the Committee are reported in executive session to the full board by the chair and vice chair of the Committee. CORE FORM, PART VI, SECTION C; QUESTION 19 The organization's filed Certificate of Incorporation and any amendments can be obtained and reviewed through the State of New Jersey Department of the Treasury. In addition, the organization makes available to the public via its website, www.hackensackmeridianhealth.org, its code of conduct and conflict of interest policy. Financial statements are available publicly at https://www.hackensackmeridianhealth.org/en/about-us/financial-statements CORE FORM, PART VII AND SCHEDULE J Part VII and Schedule J reflect officers and board members receiving compensation and benefits from a related tax-exempt organization. Please note this remuneration was for services rendered as full-time employees of the related organization and not for services rendered as an officer or voting member of this organization's Board of Trustees. CORE FORM, PART X Hackensack Meridian Health reviewed its reporting for certain line items related to pledges and grants receivable, notes and loans receivable, and other receivables reported on the balance sheet. Through this exercise, it was determined that some line items needed to be adjusted to better align with the nature of the accounts. HMH has reclassed the beginning of year balances as well so the year over year comparison is equivalent. This change is reflected on Form 990, Part X for 2022. CORE FORM, PART X; LINE 20 In accordance with the organization's audited financial statements, the tax-exempt bond values were reported on the books of Hackensack Meridian Health, Inc., the parent organization of this tax-exempt integrated healthcare delivery network. As such, the tax-exempt bonds are reported on Schedule K of this Form 990. CORE FORM, PART XI; LINE 9 Other changes in net assets or fund balance include: - HMH Program Service Revenue Reclass - $9,476,333 - Net transfer to affiliates - ($831,756,874) - Unrealized pension assets - $45,248,977 FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING FEES TOTAL FEES:303878 FORM 990 PART IX LINE 11G DESCRIPTION:PROFESSIONAL FEES TOTAL FEES:803268 FORM 990 PART IX LINE 11G DESCRIPTION:COORDINATION FEES TOTAL FEES:13657817 MERIDIAN ACCOUNTABLE CARE ORGANIZATION 343 Thornall Street EDISON NJ 08837 455440607 HEALTH SVCS. NJ 0 0 HMH HACKENSACK PHYS-HOSP ALLIANCE ACO LLC 30 PROSPECT AVENUE HACKENSACK NJ 07601 453067377 HEALTH SVCS. NJ 0 0 HMH HACKENSACK MERIDIAN HEALTH PARTNERS LLC 343 THORNALL STREET EDISON NJ 08837 820784282 HEALTH SVCS NJ 24197601 1939472 HMH JFK POPULATION HEALTH LLC 98 JAMES STREET EDISON NJ 08820 422866956 HEALTH CARE NJ 179056 0 HMH PALISADES MEDICAL ASSOCIATES LLC 7600 RIVER ROAD NORTH BERGEN NJ 07047 223814193 HEALTH SVCS. 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IS RELATED TO SEVERAL ADDITIONAL TAX-EXEMPT ORGANIZATIONS NOT SHOWN IN PART II AS THOSE ORGANIZATIONS ARE PART OF THE GROUP EXEMPTION IN WHICH HACKENSACK MERIDIAN HEALTH, INC. IS THE CENTRAL ORGANIZATION. SCHEDULE R, PART V THE ORGANIZATION IS THE TAX-EXEMPT PARENT ENTITY OF HACKENSACK MERIDIAN HEALTH; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY NETWORK. HMH HOSPITALS CORPORATION ROUTINELY PAYS EXPENSES FOR VARIOUS AFFILIATES WITHIN THE NETWORK IN THE ORDINARY COURSE OF BUSINESS. THESE RELATED PARTY TRANSACTIONS ARE RECORDED ON THE REVENUE/EXPENSE AND BALANCE SHEET STATEMENTS OF THIS ORGANIZATION AND ITS AFFILIATES. THESE ENTITIES WORK TOGETHER TO DELIVER HIGH QUALITY HEALTHCARE AND WELLNESS SERVICES TO THE COMMUNITIES IN WHICH THEY ARE SITUATED.