2026-05-08T15:28:24-05:00 2025-06-30 135565207 KPMG LLP 8350 BROAD STREET SUITE 900 MCLEAN VA 22102 990 2024-07-01 526056274 MEDSTAR HEALTH RESEARCH INSTITUTE INC MEDS 2028773756 10980 GRANTCHESTER WAY 7TH FLOOR COLUMBIA MD 210446097 ROSS DARROW VP, TREASURER & CIO 4107726721 2026-05-08 1 0 ISAAC IRBY P02444754 7032868000 2024 2025-03-06 01:10:19Z NEIL J WEISSMAN MD 109 IRVING STREET NW WASHINGTON DC 20010 74089762 0 X HTTP://WWW.MEDSTARRESEARCH.ORG X 1963 MD SEE SCHEDULE OMEDSTAR HEALTH RESEARCH INSTITUTE IS DEDICATED TO SUPPORTING THE ACADEMIC PLATFORM OF MEDSTAR HEALTH BY CONDUCTING HIGH QUALITY TRANSLATIONAL AND HEALTH SCIENCES RESEARCH THROUGHOUT THE MEDSTAR SYSTEM. 17 13 514 172 0 0 1027990 9575700 32474794 34670133 542790 537153 25415963 29306776 59461537 74089762 0 0 0 0 47277730 50825210 0 0 0 22257948 27532025 69535678 78357235 -10074141 -4267473 39720621 46768247 9786602 11823701 29934019 34944546 X SEE SCHEDULE O 0 0 35911984 26784657 SEE SCHEDULE OTHE MEDSTAR HEALTH RESEARCH INSTITUTE'S HIGHLY QUALIFIED SCIENTISTS AND INVESTIGATORS CONDUCT CUTTING EDGE CLINICAL RESEARCH. THE RESEARCH COVERS MANY AREAS AND TYPES OF RESEARCH ACROSS THE FOLLOWING COMPREHENSIVE RESEARCH NETWORKS: CARDIOVASCULAR, HEALTHCARE DELIVERY, CANCER, MEDICAL AND SURGICAL SERVICES, ORTHOPEDICS AND SPORTS MEDICINE, NEUROSCIENCES, REHABILITATION AND CORE SERVICES. FROM BENCH TO BEDSIDE AND INTO THE COMMUNITY, ASSOCIATES ACROSS THE RESEARCH INSTITUTE WORK TO ADVANCE THE SCIENTIFIC UNDERSTANDING OF DISEASE AND POINT THE WAY TO BETTER AND MORE EFFECTIVE TREATMENTS. AS THE RESEARCH FOCUSED ENTITY OF MEDSTAR HEALTH, THIS IS OUR CONTRIBUTION TO THE HEALING WORK PERFORMED THROUGHOUT THE SYSTEM AND IN THE COMMUNITIES WE SERVE. THE RESEARCH INSTITUTE IS HOME TO MORE THAN 400 INVESTIGATORS AND SCIENTISTS WHO ARE NATIONALLY AND INTERNATIONALLY RECOGNIZED FOR THEIR EXPERTISE IN EPIDEMIOLOGY, HEALTHCARE DELIVERY, HEALTH ECONOMICS, HUMAN FACTORS, MEDICAL ENGINEERING, IMPLEMENTATION SCIENCE, DRUG DEVELOPMENT, PHYSIOLOGY, SOCIAL WORK, AND REHABILITATION. THEY WORK ALONGSIDE CARE TEAMS TO DISCOVER BETTER CLINICAL INTERVENTIONS, SERVE ON EDITORIAL REVIEW BOARDS OF PROMINENT SCIENTIFIC MEDICAL JOURNALS, PRESENT AT NATIONAL MEDICAL AND SCIENTIFIC MEETINGS, AND ADVANCE THE STANDARD OF CARE FOR MEDSTAR HEALTH PATIENTS AND WITHIN THE FIELD OF MEDICINE. THE MEDSTAR HEALTH RESEARCH INSTITUTE IS ALSO HOME TO D.C. SAFE BABIES SAFE MOMS, AN INITIATIVE THAT SEEKS TO USE RESEARCH, EVIDENCE-BASED HEALTHCARE, AND PARTNERSHIPS WITH COMMUNITY-BASED ORGANIZATIONS TO CREATE POSITIVE, SUSTAINABLE CHANGE IN MATERNAL AND INFANT HEALTH. 17438483 16341493 SEE SCHEDULE OMEDSTAR HEALTH RESEARCH INSTITUTE'S HEALTHCARE DELIVERY RESEARCH IS RESPONSIBLE FOR COORDINATING AND PERFORMING RESEARCH ON ALL ASPECTS OF HEALTHCARE DELIVERY (QUALITY, SAFETY, ACCESSIBILITY, EQUITY, ETC.) ACROSS THE ENTIRE MEDSTAR HEALTH SYSTEM. SPECIFICALLY, THE RESEARCH IS AIMED TO IMPROVE THE WAY WE DELIVER CARE IN OUR HEALTHCARE FACILITIES AND IN THE COMMUNITY. MUCH OF THE RESEARCH HAS FOCUSED ON USING HUMAN FACTORS ENGINEERING PRINCIPLES, COMMUNITY ENGAGEMENT (SUCH AS HOW TO REDUCE INFANT AND MATERNAL MORTALITY), SAFETY OF ELECTRONIC HEALTH RECORD USE AND IDENTIFYING UNINTENDED CONSEQUENCES, IMPROVED IMPLEMENTATION IN POPULATION HEALTH AND HOW TO ACHIEVE HEALTH EQUITY FOR ALL ASPECTS OF OUR COMMUNITY. 19123020 20046261 CARDIOVASCULAR RESEARCH IS RESPONSIBLE FOR COORDINATING AND PERFORMING A WIDE VARIETY OF CARDIOLOGY RESEARCH DEDICATED TO DEVELOPING NEW DIAGNOSTIC AND THERAPEUTIC TECHNOLOGIES TO ENHANCE PATIENT CARE AND SAVE LIVES. AREAS OF SPECIALIZATION INCLUDE INTERVENTIONAL CARDIOLOGY DEVICES, CARDIOVASCULAR IMAGING AND APPLICATIONS OF ARTIFICIAL INTELLIGENCE, HEART FAILURE, ARRYTHMIAS AND OUTCOMES RESEARCH. 72473487 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 0 0 514 1 0 0 0 0 0 0 0 0 0 0 1 0 X 17 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 DC MD X ROSS DARROW 4107726721 10980 GRANTCHESTER WAY COLUMBIA MD 21044 SOO Y BANG MSHA DIRECTOR (UNTIL 10/2024) 1.00 0.00 X 0 0 0 EDWARD B HEALTON MD DIRECTOR 1.00 0.00 X 0 0 0 NORMAN J BEAUCHAMP JR MD DIRECTOR (AS OF 9/2024) 1.00 0.00 X 0 0 0 DALE MCELVEEN DIRECTOR (AS OF 9/2024) 1.00 0.00 X 0 0 0 DEREK GRIFFITH PHD DIRECTOR (UNTIL 1/2025) 1.00 0.00 X 0 0 0 SPIROS DIMOLITSAS PHD DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN RT EVANS MD DIRECTOR 1.00 39.00 X 0 3025422 66390 SARAH GREENE MPH CHAIR 1.00 0.00 X 0 0 0 PRENTICE PARRISH DIRECTOR 1.00 0.00 X 0 0 0 ANAND SHAH MD DIRECTOR 1.00 0.00 X 0 0 0 STEVEN SMITH MD DIRECTOR 1.00 0.00 X 0 0 0 FRED BUTLER JR DIRECTOR 1.00 0.00 X 0 0 0 JEFFREY B LEE DIRECTOR 1.00 0.00 X 0 0 0 JONATHAN M YOUNG PHD DIRECTOR 1.00 0.00 X 0 0 0 PAMELA TENAERTS MD DIRECTOR 1.00 0.00 X 0 0 0 TAMIKA AUGUSTE MD DIRECTOR 1.00 39.00 X 0 723448 34051 NEIL J WEISSMAN MD PRESIDENT/DIRECTOR 40.00 0.00 X X 1185542 0 62330 WILLIAM GAYNE TREASURER (UNTIL 8/2024) 20.00 20.00 X 188029 188029 31059 KEITH SHINER SECRETARY 1.00 39.00 X 0 321564 34699 AMANDA BARASH TREASURER (AS OF 11/2024) 20.00 20.00 X 14151 14151 22 STEPHAN QUIRICONI INTERIM TREASURER (08/2024-11/2024) 20.00 20.00 X 56586 56586 0 FEDERICO ASCH MD SCIENTIFIC DIRECTOR 40.00 0.00 X 600912 0 27669 RAJ RATWANI PHD VP SCIENTIFIC AFFAIRS 40.00 0.00 X 441548 0 19999 SETH KREVAT MD MEDICAL DOCTOR 40.00 0.00 X 374309 0 21094 WILLIAM WEINTRAUB PHYSICIAN INVESTIGATOR 40.00 0.00 X 381146 0 28408 SUZANNE SIMKOVICH PHYSICIAN INVESTIGATOR 40.00 0.00 X 455976 0 30550 3698199 4329200 356271 96 0 1 0 COMMUNITY OF HOPE INC 4 ATLANTIC STREET SW WASHINGTON DC 20032 PROFESSIONAL SERVICES 934451 BAYLOR UNIVERSITY PO BOX 301207 DALLAS TX 753031207 PROFESSIONAL SERVICES 559549 EIGHT ELEVEN GROUP LLC 6215 N COLLEGE AVE INDIANAPOLIS IN 46220 STAFFING SERVICES 450814 CLINLOGIX LLC 8 SPRING HOUSE INNOVATION PARK LOWER GWYNEDD PA 19002 PROFESSIONAL SERVICES 378768 GEORGE WASHINGTON UNIVERSITY 1918 F STREET NW WASHINGTON DC 20052 PROFESSIONAL SERVICES 361887 30 414880 9160820 754299 9575700 RESEARCH INCOME 541700 34670133 34670133 34670133 236958 236958 300195 0 300195 300195 300195 FUNDAMENTAL RESEARCH I 541700 28502278 28502278 MISCELLANEOUS REVENUE 900099 726573 726573 REBATE INCOME 900099 77925 77925 29306776 74089762 63172411 0 1341651 X 1522176 1286032 236144 41357729 33313861 8043868 716020 716020 4346551 6845330 -2498779 2882734 145325 2737409 8132549 8132549 20587 20587 13440923 26704489 -13263566 25664 16664 9000 340836 302961 37875 320823 436082 -115259 254525 216037 38488 135277 124609 10668 925822 925822 58346 58346 MAINTENANCE 620225 234642 385583 MED/SURG SUPPLIES 533457 560547 -27090 BAD DEBTS 339747 0 339747 UTILITIES 214559 181781 32778 2168685 2105127 63558 78357235 72473487 5883748 0 7302 7300 16527074 21596120 220797 62669 13742720 10523876 2786789 3218844 19246981 21702952 931678 180362 39720621 46768247 7010963 7020670 2356744 2733274 418895 2069757 9786602 11823701 X 22954771 29090094 6979248 5854452 29934019 34944546 39720621 46768247 X -4267473 1918867 7359133 X X 0 1 X 1 1 1 X WASHINGTON HOSPITAL CENTER CORPORATION WASHINGTON DC RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4687392 4120320 567072 296150 231093 65057 8505663 6159329 2346334 253515 13134 240381 3218844 PNC POOL DONOR RESTRICTED 10304897 F INV-BOARD DESIGNATED 11369301 F WORKERS COMP FUNDS L/T 28754 F 21702952 LT OPERATING LEASE LIABILITY 11324 WORKERS COMPENSATION 61972 INTERCOMPANY PAYABLES 1996461 2069757 X PART X, LINE 2: INCOME TAXES ARE ACCOUNTED FOR UNDER THE ASSET AND LIABILITY METHOD. DEFERRED TAX ASSETS AND LIABILITIES ARE RECOGNIZED FOR THE FUTURE TAX CONSEQUENCES ATTRIBUTABLE TO DIFFERENCES BETWEEN THE FINANCIAL STATEMENT CARRYING AMOUNTS OF EXISTING ASSETS AND LIABILITIES AND THEIR RESPECTIVE TAX BASES AND OPERATING LOSS AND TAX CREDIT CARRYFORWARDS. DEFERRED TAX ASSETS AND LIABILITIES ARE MEASURED USING ENACTED TAX RATES EXPECTED TO APPLY TO TAXABLE INCOME IN THE YEARS IN WHICH THOSE TEMPORARY DIFFERENCES ARE EXPECTED TO BE RECOVERED OR SETTLED. THE EFFECT ON DEFERRED TAX ASSETS AND LIABILITIES OF A CHANGE IN TAX RATES IS RECOGNIZED IN THE PERIOD THAT INCLUDES THE ENACTMENT DATE. ANY CHANGES TO THE VALUATION ALLOWANCE ON THE DEFERRED TAX ASSET ARE REFLECTED IN THE YEAR OF CHANGE. THE CORPORATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH THE FASB ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740, INCOME TAXES. THERE WAS NO LIABILITY RECORDED FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2025. X X X X X X 0 1 0 0 0 0 0 0 0 STEPHEN RT EVANS MD DIRECTOR 0 1384579 0 1640843 0 0 0 22465 0 43925 0 3091812 0 0 NEIL J WEISSMAN MD PRESIDENT/DIRECTOR 613135 0 572407 0 0 0 25756 0 36574 0 1247872 0 0 0 TAMIKA AUGUSTE MD DIRECTOR 0 718948 0 4500 0 0 0 13866 0 20185 0 757499 0 0 FEDERICO ASCH MD SCIENTIFIC DIRECTOR 522115 0 78797 0 0 0 11077 0 16592 0 628581 0 0 0 SUZANNE SIMKOVICH PHYSICIAN INVESTIGATOR 425976 0 30000 0 0 0 9900 0 20650 0 486526 0 0 0 RAJ RATWANI PHD VP SCIENTIFIC AFFAIRS 358851 0 82697 0 0 0 8379 0 11620 0 461547 0 0 0 WILLIAM WEINTRAUB PHYSICIAN INVESTIGATOR 381146 0 0 0 0 0 9900 0 18508 0 409554 0 0 0 WILLIAM GAYNE TREASURER (UNTIL 8/2024) 128038 128038 52318 52318 7673 7673 4950 4950 10580 10579 203559 203558 0 0 SETH KREVAT MD MEDICAL DOCTOR 374309 0 0 0 0 0 9900 0 11194 0 395403 0 0 0 KEITH SHINER SECRETARY 0 261642 0 59922 0 0 0 9347 0 25352 0 356263 0 0 SCHEDULE J, PART I, LINE 4B FEDERICO ASCH, M.D. AND SUZANNE SIMKOVICH PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN DESCRIBED IN SECTION 457(F) DURING THIS YEAR. SCHEDULE J, PART III WILLIAM GAYNE'S COMPENSATION IS FOR SERVICES PROVIDED AS CFO TO BOTH MEDSTAR WASHINGTON HOSPITAL CENTER AND MEDSTAR HEALTH RESEARCH INSTITUTE. KEITH SHINER'S COMPENSATION IS FOR SERVICES PROVIDED AS ATTORNEY TO WASHINGTON HOSPITAL CENTER CORPORATION AND MEDSTAR HEALTH RESEARCH INSTITUTE. X 1 754299 FMV 0 1 0 PART I, COLUMN (B): THIS COLUMN IS REPORTING THE NUMBER OF CONTRIBUTIONS, NOT THE NUMBER OF ITEMS RECEIVED. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: MEDSTAR HEALTH RESEARCH INSTITUTE (THE RESEARCH INSTITUTE) IS THE RESEARCH ARM FOR MEDSTAR HEALTH, PROVIDING SCIENTIFIC, ADMINISTRATIVE, AND REGULATORY SUPPORT FOR RESEARCH PROGRAMS THAT COMPLEMENT THE KEY CLINICAL SERVICES AND TEACHING PROGRAMS IN ALL HOSPITALS IN THE SYSTEM. THE RESEARCH INSTITUTE SUPPORTS CLINICAL RESEARCH PERFORMED BY ATTENDING MEDICAL STAFF, AND FULL-TIME RESEARCH INVESTIGATORS. THE RESEARCH INSTITUTE AND ITS INVESTIGATORS PROVIDE PATIENTS ACCESS TO THE LATEST CLINICAL TRIALS, CUTTING-EDGE DIAGNOSTICS, AND INNOVATIVE THERAPIES WHILE DISCOVERING NEW WAYS TO TREAT PEOPLE THROUGH HEALTH SERVICES AND CLINICAL RESEARCH. WITH MORE THAN 1,000 ACTIVE RESEARCH STUDIES AND CLINICAL TRIALS CONDUCTED ACROSS 40 DIFFERENT CARE SITES AND OVER 900 PEER-REVIEWED PUBLICATIONS IN FISCAL YEAR 2025, THE RESEARCH INSTITUTE'S PORTFOLIO INCLUDES CLINICAL AND INVESTIGATIVE WORK ACROSS CLINICAL SERVICE LINES INCLUDING CARDIOVASCULAR, ONCOLOGY, DIABETES, ORTHOPAEDICS, NEUROLOGY, GASTROENTEROLOGY, REHABILITATION, CRITICAL CARE, WOMEN'S HEALTH, HEALTHCARE QUALITY AND PATIENT SAFETY. FORM 990, PART VI, SECTION A, LINE 6 ORGANIZATION MEMBERS THE ORGANIZATION IS AN AFFILIATE AND SUBSIDIARY OF MEDSTAR HEALTH, INC. MEDSTAR HEALTH, INC., OR ONE OF ITS AFFILIATES AND SUBSIDIARIES, IS THE SOLE MEMBER OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A DESCRIPTION OF MEMBERS AS AN AFFILIATE AND SUBSIDIARY OF MEDSTAR HEALTH, INC., THE ORGANIZATION MAY RECOMMEND PERSON(S) FOR MEMBERSHIP ON THE ORGANIZATION'S GOVERNING BODY. ANY SUCH RECOMMENDATION BY THE ORGANIZATION IS SUBJECT TO APPROVAL BY THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS OF MEDSTAR HEALTH, INC. THE BOARD OF MEDSTAR HEALTH, INC. HAS DELEGATED CERTAIN APPROVAL AUTHORITY TO THE GOVERNANCE COMMITTEE AND THE PRESIDENT & CEO OF MEDSTAR HEALTH, INC. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS OF GOVERNING BODY AS AN AFFILIATE AND SUBSIDIARY OF MEDSTAR HEALTH, INC., THE BYLAWS OF THE ORGANIZATION ARE SUBJECT TO CERTAIN RESERVED POWERS, WHICH PROVIDE THAT THE SOLE MEMBER OF THE ORGANIZATION MUST APPROVE CERTAIN DECISIONS, INCLUDING BUT NOT LIMITED TO MATTERS CONCERNING THE SALE OR PURCHASE OF REAL OR PERSONAL PROPERTY, CAPITAL BUDGETS, STRATEGIC PLANNING, INVESTMENTS, AND CORPORATE GOVERNANCE. FORM 990, PART VI, SECTION B, LINE 11B PROCESS FOR REVIEWING FORM 990 THE PROCESS FOR REVIEWING THE FORM 990 INCLUDED EDUCATION AND TRANSPARENCY. SENIOR FINANCIAL EXECUTIVES, WORKING WITH INDEPENDENT OUTSIDE EXPERTS, THOROUGHLY REVIEWED FORM 990 AND ACCOMPANYING INSTRUCTIONS. IN ADDITION, SENIOR EXECUTIVES REVIEWED THE RELEVANT SECTIONS OF THE FORM 990 WITH THE FOLLOWING COMMITTEES OF THE ORGANIZATION'S GOVERNING BODY: FINANCE, AUDIT, GOVERNANCE AND EXECUTIVE COMPENSATION. FOLLOWING THESE MEETINGS, THE GOVERNING BODY WAS PROVIDED A COPY OF THE FORM 990 IN ITS FINAL FORM AND GIVEN AN OPPORTUNITY TO PROVIDE ANY INPUT OR COMMENTS RELATING TO THE FORM 990 PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY ENFORCEMENT APPOINTMENT OF BOARDS OF DIRECTORS: MEDSTAR HEALTH (AND ITS SUBSIDIARIES) REQUIRE ALL NOMINATED DIRECTORS, PRIOR TO THEIR APPOINTMENT OR ELECTION, TO DISCLOSE THE EXISTENCE OF (OR POTENTIAL EXISTENCE OF) ANY TRANSACTION WITH MEDSTAR THAT WOULD RESULT IN A CONFLICT OF INTEREST. SUCH DISCLOSURES (IF ANY) ARE REVIEWED BY THE GOVERNANCE COMMITTEE OF THE MEDSTAR HEALTH BOARD OF DIRECTORS WHICH DETERMINES HOW THE MATTER SHOULD BE RESOLVED. ANNUAL DISCLOSURES - ALL OFFICERS, DIRECTORS AND SENIOR MANAGERS ARE REQUIRED, NOT LESS THAN ANNUALLY, TO COMPLETE A SURVEY OF QUESTIONS CONCERNING ANY TRANSACTIONS OR RELATIONSHIPS WHICH WOULD OR COULD REPRESENT A CONFLICT OF INTEREST. SUCH DISCLOSURES (IF ANY) ARE REVIEWED BY THE GOVERNANCE COMMITTEE OF THE MEDSTAR HEALTH BOARD OF DIRECTORS WHICH DETERMINES HOW THE MATTER SHOULD BE RESOLVED. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION PROCESS THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS OF MEDSTAR HEALTH, INC. (THE "COMMITTEE") HAS OVERSIGHT OF THE EXECUTIVE COMPENSATION PROGRAM (THE "PROGRAM") OF MEDSTAR HEALTH, INC. AND ITS AFFILIATES. TOTAL COMPENSATION FOR THE TOP MANAGEMENT OFFICIALS, OFFICERS AND KEY EMPLOYEES OF MEDSTAR HEALTH, INC. AND ITS AFFILIATES ARE REVIEWED AND APPROVED BY THE COMMITTEE WITH ASSISTANCE AND GUIDANCE FROM AN INDEPENDENT THIRD PARTY ADVISOR. THE MEMBERS OF THE COMMITTEE ARE INDEPENDENT FROM ALL OF THE PARTICIPANTS IN THE PROGRAM. THE MAIN OBJECTIVE OF THE PROGRAM IS TO PROVIDE MARKET COMPETITIVE TOTAL COMPENSATION THAT IS INTERNALLY EQUITABLE AND HAS A STRONG PAY-FOR-PERFORMANCE LINKAGE. PERFORMANCE IS EVALUATED AT THE SYSTEM, OPERATING UNIT, AND INDIVIDUAL LEVELS. THE OVERALL TOTAL COMPENSATION PHILOSOPHY IS MANAGED AT THE 75TH PERCENTILE OF THE COMPETITIVE MARKET FOR COMPARABLE SIZE (NET REVENUE) AND TYPE (TAX-EXEMPT HEALTHCARE ORGANIZATIONS). WHERE APPROPRIATE, ADDITIONAL INDUSTRY DATA IS CONSIDERED (GENERAL BUSINESS AND/OR TAXABLE HEALTHCARE) FOR SELECTED POSITIONS THAT CAN BE RECRUITED FROM OR POTENTIALLY LOST TO THESE INDUSTRIES (E.G., INFORMATION TECHNOLOGY, FINANCE, ETC.). THE COMMITTEE HAS ENGAGED ERNST & YOUNG LLP ("E&Y") TO SERVE AS AN ADVISOR ON THE REASONABLENESS AND COMPETITIVENESS OF THE PROGRAM. IN DETERMINING REASONABLENESS AND COMPETITIVENESS, E&Y REVIEWS MARKET PRACTICES AND TRENDS, AND MAKES RECOMMENDATIONS RELATED TO THE PROGRAM. E&Y UTILIZES INFORMATION FROM CUSTOM SURVEYS, NATIONAL COMPENSATION SURVEYS, PROPRIETARY DATABASES, AND CLIENT EXPERIENCES TO DETERMINE ITS FINAL RECOMMENDATIONS. E&Y PRESENTS THEIR FINDINGS AND RECOMMENDATIONS TO THE COMMITTEE. THE COMMITTEE MAKES THE FINAL DECISIONS ON ALL OF THE COMPENSATION DETERMINATIONS OF THE PROGRAM. ALL DECISIONS MADE BY THE COMMITTEE ARE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS AVAILABILITY MEDSTAR HEALTH POSTS ITS ANNUAL FINANCIAL AUDIT AND QUARTERLY FINANCIAL REPORTS TO THE ELECTRONIC MUNICIPAL MARKET ACCESS (EMMA) SYSTEM. THE ORGANIZATION ALSO E-MAILS ITS ANNUAL AND QUARTERLY DISCLOSURES TO HOLDERS OF THE COMPANY'S PUBLICLY TRADED DEBT. THE COMPANY'S GOVERNANCE DOCUMENTS AND CONFLICTS OF INTEREST POLICIES ARE AVAILABLE UPON REQUEST THROUGH ITS CORPORATE (OR AS APPLICABLE ENTITY) PUBLIC INFORMATION OFFICES. FORM 990, PART IX, LINE 11G SUBCONTRACTORS-RESEARCH: PROGRAM SERVICE EXPENSES 5,258,029. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,258,029. PURCHASED PROFESSIONAL SERVICE: PROGRAM SERVICE EXPENSES 4,899,432. MANAGEMENT AND GENERAL EXPENSES 42,766. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,942,198. TESTING & DIAGNOSTIC SERVICES: PROGRAM SERVICE EXPENSES 514,290. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 514,290. CONSULTING FEES: PROGRAM SERVICE EXPENSES 1,331,969. MANAGEMENT AND GENERAL EXPENSES 199,544. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,531,513. PATIENT INCENTIVES: PROGRAM SERVICE EXPENSES 367,413. MANAGEMENT AND GENERAL EXPENSES 2,580. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 369,993. PHYSICIAN SERVICES: PROGRAM SERVICE EXPENSES 91,888. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 91,888. INDIRECT ADMIN ALLOCATION: PROGRAM SERVICE EXPENSES 13,206,740. MANAGEMENT AND GENERAL EXPENSES -13,446,154. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -239,414. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 1,034,728. MANAGEMENT AND GENERAL EXPENSES -62,302. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 972,426. FORM 990, PART XI, LINE 9: EQUITY TRANSFERS 7,359,133. FORM 990, PART XII, LINE 2C MEDSTAR HEALTH RESEARCH INSTITUTE IS PART OF MEDSTAR HEALTH, INC. AND SUBJECT TO OVERSIGHT BY THE AUDIT COMMITTEE OF MEDSTAR HEALTH. CHURCH HOME CORPORATION 10980 GRANTCHESTER WAY COLUMBIA MD 21044 237374724 MEDICAL FUND MD 501(C)(3) PF N/A 0 FRANKLIN SQUARE HOSPITAL CENTER INC 9000 FRANKLIN SQUARE DRIVE BALTIMORE MD 21237 520608007 HOSPITAL MD 501(C)(3) 3 N/A 0 HARBOR HOSPITAL INC 3001 SOUTH HANOVER STREET BALTIMORE MD 21225 520491660 HOSPITAL MD 501(C)(3) 3 N/A 0 MEDSTAR HEALTH INC 10980 GRANTCHESTER WAY COLUMBIA MD 21044 522087445 MEDICAL SVCS MD 501(C)(3) 12C III N/A 0 MONTGOMERY GENERAL HOSPITAL 18101 PRINCE PHILIP DRIVE OLNEY MD 20832 520646893 HOSPITAL MD 501(C)(3) 3 N/A 0 THE GOOD SAMARITAN HOSPITAL OF MARYLAND 5601 LOCH RAVEN BLVD BALTIMORE MD 21239 520591607 HOSPITAL MD 501(C)(3) 3 N/A 0 THE UNION MEMORIAL HOSPITAL 201 EAST UNIVERSITY PARKWAY BALTIMORE MD 21218 520591685 HOSPITAL MD 501(C)(3) 3 N/A 0 THE MEDSTAR-GEORGETOWN MEDICAL CENTER I HOPSITAL ADMIN 1 MAIN BLDG WASHINGTON DC 20007 522218584 HOSPITAL DC 501(C)(3) 3 N/A 0 WASHINGTON HOSPITAL CENTER CORPORATION 110 IRVING STREET NW WASHINGTON DC 20010 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