2024-11-13T17:32:51-06:00 2023-12-31 450250958 EIDE BAILLY LLP 2950 E HARMONY RD STE 290 FORT COLLINS CO 805283429 990 2023-01-01 471820366 COMFORT BRIDGE DBA CARE SYNERGY COMF 3033986252 8289 E LOWRY BLVD DENVER CO 80230 BRAD ALLEY CHIEF FINANCIAL OFFICER 3033986252 2024-11-12 1 0 KYLE FRITCH CPA P01313374 9702238825 2024-11-12 2023 2024-10-15 13:58:12Z CARE SYNERGY TIM J BOWEN 8289 E LOWRY BLVD DENVER CO 80230 14997715 0 X HTTP://CARESYNERGYNETWORK.ORG/ X 2014 CO PROVIDES MISSION SUPPORT SERVICES FOR NONPROFIT HOME HEALTH CARE AND COMMUNITY-BASED HOSPICE AND PALLIATIVE CARE AFFILIATE ORGANIZATIONS SERVING COLORADO'S FRONT RANGE. 15 14 133 14 0 0 0 0 13449831 14978174 22930 19541 0 0 13472761 14997715 0 0 0 0 7915286 9834486 0 0 0 4846824 5243899 12762110 15078385 710651 -80670 9309219 9049497 6745637 6690172 2563582 2359325 X COMFORT BRIDGE D/B/A CARE SYNERGY IS A NONPROFIT ORGANIZATION FORMED IN 2014 AND IS THE REGION'S LARGEST END-OF-LIFE CARE NETWORK. CARE SYNERGY PROVIDES MISSION SUPPORT SERVICES FOR NONPROFIT HOME HEALTH CARE AND COMMUNITY-BASED HOSPICE AND PALLIATIVE CARE AFFILIATE ORGANIZATIONS SERVING COLORADO'S FRONT RANGE. 1 0 14845389 COMFORT BRIDGE D/B/A CARE SYNERGY, WAS FORMED IN 2014 AND IS THE REGION'S LARGEST END-OF-LIFE CARE NETWORK. CARE SYNERGY PROVIDES MISSION SUPPORT SERVICES FOR NONPROFIT HOME HEALTH CARE AND COMMUNITY-BASED HOSPICE AND PALLIATIVE CARE AFFILIATE ORGANIZATIONS SERVING COLORADO'S FRONT RANGE. AS THE REGION'S LEADING END-OF-LIFE CARE NETWORK, WE SERVE FAMILIES AND COMMUNITIES FROM THE ROCKY MOUNTAIN FOOTHILLS TO BENNETT, FROM COLORADO SPRINGS TO WYOMING. CARING FOR COLORADANS IS IMPORTANT. WE AID FAMILIES IN DEALING WITH END-OF-LIFE DECISIONS BY PROVIDING THE BEST CARE, WHETHER IN-HOME OR AT ONE OF OUR INPATIENT CARE CENTERS, PROMISING SUPPORT, EXCELLENCE, AND COMPASSION THROUGH PERSONALIZED PALLIATIVE, HOSPICE, AND BEREAVEMENT SERVICES. IN 2015, THE COMPANY BEGAN PROVIDING "BACK OFFICE" SUPPORT IN THE AREAS OF EXECUTIVE MANAGEMENT, FINANCE AND ACCOUNTING, INFORMATION TECHNOLOGY, HUMAN RESOURCES, AND QUALITY MANAGEMENT. CARE SYNERGY WILL CHARGE THE AFFILIATE MEMBERS OF THE GROUP FOR THE SERVICES PERFORMED AT COST IN ORDER TO COVER ITS EXPENSES. CARE SYNERGY FURTHERS THE EXEMPT PURPOSES OF PROVIDING HOSPICE AND PALLIATIVE CARE SERVICES DEEMED EXEMPT UNDER REV. RUL. 79-17 BY COMBINING BACK OFFICE SERVICES UNDER A SINGLE ORGANIZATION IN ORDER TO ACHIEVE EFFICIENCIES AND ECONOMIES OF SCALE. CARE SYNERGY CURRENTLY SERVES FOUR OPERATIONAL TAX-EXEMPT AFFILIATES, WHICH INCLUDES THE HOSPICE OF METRO DENVER, PATHWAYS HOSPICE, COLORADO VISITING NURSE ASSOCIATION, AND PIKES PEAK HOSPICE AND PALLIATIVE CARE, INC. 132785 CAPABLE IS A CLIENT-DIRECTED HOME-BASED PROGRAM DESIGNED TO INCREASE MOBILITY, FUNCTIONALITY, AND CAPACITY TO ALLOW OLDER ADULTS TO AGE IN THEIR HOME AND COMMUNITY. THE CAPABLE NATIONAL CENTER PROVIDES ADMINISTRATIVE SUPPORT AND TECHNICAL ASSISTANCE TO AGENCIES THAT ARE LICENSED OR WOULD LIKE TO BECOME LICENSED TO IMPLEMENT CAPABLE AS A SERVICE LINE. THE NATIONAL CENTER ALSO CONDUCTS OUTREACH TO ORGANIZATIONS AND STATE ENTITIES TO SCALE CAPABLE NATIONWIDE AND GLOBALLY. 1 0 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 4 0 1 133 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CO X BRAD ALLEY 3038142154 8289 E LOWRY BLVD DENVER CO 80230 TIM J BOWEN PRESIDENT/CHIEF EXECUTIVE OFFICER 56.00 4.00 X X 853855 0 175823 BEN PRICE BOARD CHAIRMAN 1.00 1.00 X X 0 0 0 GARY PREMER VICE CHAIR 1.00 1.00 X X 0 0 0 RODNEY RICE BOARD SECRETARY & TREASURER 1.00 1.00 X X 0 0 0 BRAD BAUMGARTNER DIRECTOR 1.00 1.00 X 0 0 0 ADAM BERGQUIST DIRECTOR 1.00 1.00 X 0 0 0 NANCY BOTILLER DIRECTOR 1.00 1.00 X 0 0 0 KAY COWLING DIRECTOR 1.00 1.00 X 0 0 0 KAREN DAWSON DIRECTOR 1.00 1.00 X 0 0 0 MARY BETH SAVORY DIRECTOR 1.00 1.00 X 0 0 0 JOANN LOVINS DIRECTOR 1.00 1.00 X 0 0 0 ADELE PHELAN DIRECTOR 1.00 1.00 X 0 0 0 SR MARY COLLEEN SCHWARZ DIRECTOR 1.00 1.00 X 0 0 0 BRANDON SCHULZE DIRECTOR 1.00 1.00 X 0 0 0 BRIAN WAGNER DIRECTOR 1.00 1.00 X 0 0 0 PAUL E TOSETTI CHIEF FINANCIAL OFFICER 40.00 8.00 X 403658 0 76506 JOHN BLASCHKE CHIEF INFORMATION OFFICER 40.00 X 270871 0 78645 PATRICIA FORD VP OF OPERATIONS 40.00 X 429562 0 78746 PATRICIA MEHNERT - DIRECTOR OF CORPORATE COMPLIANCE/RISK MANAGEMENT 40.00 X 272001 0 54143 CRYSTAL O'BRIEN VP OF HUMAN RESOURCES 40.00 X 242172 0 72407 DARCI DAVIS VP BUSINESS DEVELOPMENT 40.00 X 174615 0 20357 DAVID DIORDANO VP DEVELOPMENT 40.00 X 145676 0 18598 PETER SCHOOMAKER CONTROLLER 40.00 X 138808 0 29858 ROBERT HOWE CMO FROM 630 TDH MEDICAL DIR. (THRU 6/30) 40.00 X 137080 132924 38394 MICHAEL VOGT INFRASTRUCTURE TECH MGR. 40.00 X 114070 0 36084 3182368 132924 679561 23 0 1 0 0 MANAGEMENT SERVICES 561000 14845389 14845389 CAPABLE PROGRAM 561000 132785 132785 14978174 19541 19541 14997715 14978174 0 19541 X 2709643 2709643 5815527 5815527 76315 76315 673066 673066 559935 559935 32522 32522 45061 45061 2083 2083 798382 798382 182490 182490 275237 275237 1345355 1345355 467712 467712 91777 91777 14379 14379 16567 16567 324080 324080 692192 692192 DIRECT PATIENT CARE 435919 435919 EMPLOYEE RECRUITING 228520 228520 DUES, LICENSES, SUBSCRI 181652 181652 CONTINUING EDUCATION 71190 71190 38781 38781 15078385 0 15078385 0 2972011 1858492 108097 35457 475850 563666 2882915 2850259 99148 32656 1737325 1799156 3916788 4760070 9309219 9049497 2483953 2365678 60500 165219 4201184 4159275 6745637 6690172 X 2563582 2359325 2563582 2359325 9309219 9049497 X -80670 -123587 0 X 0 1 X 1 0 X X X 4 HOSPICE OF METRO DENVER INC DBA THE DENVER HOSPICE 840743121 10 1 0 7025476 PATHWAYS HOSPICE 840782874 10 1 0 3730327 PIKES PEAK HOSPICE AND PALLIATIVE CARE INC 840816047 10 1 0 2651511 COLORADO VISITING NURSE ASSOCIATION 841043351 10 1 0 1438075 4 0 14845389 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE A, PART I, LINE 12G, COLUMN VI: COMFORT BRIDGE D/B/A CARE SYNERGY, PROVIDED MANAGEMENT AND SUPPORT SERVICES TO THE HOSPICE OF METRO DENVER, PATHWAYS HOSPICE, COLORADO VISITING NURSE ASSOCIATION, AND PIKES PEAK HOSPICE AND PALLIATIVE CARE, ALL OF WHICH ARE RELATED TAX-EXEMPT ORGANIZATIONS. THE AMOUNTS REPORTED AS OTHER SUPPORT TO THE VARIOUS SUPPORTED ORGANIZATIONS REPRESENTS SERVICES PROVIDED TO THE SUPPORTED ORGANIZATIONS IN FURTHERANCE OF THESE ORGANIZATION'S EXEMPT ACTIVITIES OF PROVIDING HOSPICE CARE, COMFORT AND COMPASSION TO THE INDIVIDUALS, FAMILIES, AND COMMUNITIES THEY SERVE, AND THEREFORE, BY VIRTUE OF PROVIDING THESE SERVICES CARE SYNERGY IS SUPPORTING THE SUPPORTED ORGANIZATIONS. SCHEDULE A, PART IV, SECTION A, LINE 1: COMFORT BRIDGE, D/B/A CARE SYNERGY, IS ORGANIZED AND OPERATES AS A SUPPORTING ORGANIZATION TO CARRY OUT THE PURPOSES OF AND SUPPORT CHARITABLE ORGANIZATIONS, INCLUDING HOSPICE OF METRO DENVER, D/B/A THE DENVER HOSPICE AND OPTIO HEALTH SERVICES (TDH), COLORADO VISITING NURSE ASSOCIATION (CVNA), PATHWAYS HOSPICE (PWH), PIKES PEAK HOSPICE AND PALLIATIVE CARE (PPH), AND OTHER TAX-EXEMPT PUBLICLY SUPPORTED HOSPICE AND PALLIATIVE CARE ORGANIZATIONS THAT PROVIDE HOSPICE CARE, COMFORT AND COMPASSION TO THE INDIVIDUALS, FAMILIES, AND COMMUNITIES THEY SERVE THAT ARE DESCRIBED IN SECTION 509(A)(1) OR 509(A)(2). PARTICULARLY, AMONG ITS BROADER TAX-EXEMPT PURPOSES, CARE SYNERGY IS ORGANIZED AND OPERATES TO SUPPORT TDH, CVNA, PWH, PPH, AND OTHER NONPROFIT ORGANIZATIONS BY PROVIDING SUPPORT SERVICES FOR THE SUPPORTED ORGANIZATIONS' PROGRAMS AND SERVICES. SCHEDULE A. PART IV, SECTION C, LINE 1: COMFORT BRIDGE, D/B/A CARE SYNERGY, IS THE SOLE MEMBER OF ITS SUPPORTED ORGANIZATIONS WHICH INCLUDES THE HOSPICE OF METRO DENVER, PATHWAYS HOSPICE, COLORADO VISITING NURSE ASSOCIATION, AND PIKES PEAK HOSPICE AND PALLIATIVE CARE. THE CARE SYNERGY BOARD DID NOT SERVE AS A MAJORITY OF THE BOARD FOR ALL OF THE ORGANIZATIONS. HOWEVER, AS THE SOLE MEMBER OF EACH OF THESE ORGANIZATIONS, CARE SYNERGY, HAS THE POWER TO APPOINT AND REMOVE ALL THE DIRECTORS OF EACH OF THE SUPPORTED ORGANIZATIONS. THIS POWER TO APPOINT AND REMOVE THE BOARD MEMBERS REFLECTS A COMMON SUPERVISION AND CONTROL BY THE PERSONS SUPERVISING CARE SYNERGY AND EACH OF THE RELATED ENTITIES. THEREFORE, THERE IS COMMON SUPERVISION AND CONTROL BETWEEN THE SUPPORTING AND SUPPORTED ORGANIZATIONS. 0 0 0 0 0 0 0 0 1 2083 2083 0 PART II-B, LINE 1: LOBBYIST, ELIZABETH SMITH, WAS PAID FOR PROFESSIONAL SERVICES. 6948 203 6745 2875967 2850056 25911 32656 INVESTMENTS HELD FOR DEFERRED COMPENSATION 1353295 OPERATING LEASE 2616548 FINANCE LEASE 154690 DUE FROM AFFILIATED ENTITIES 635537 4760070 DEFERRED COMPENSATION LIABILITY 1339512 OPERATING LEASE LIABILITIES 2616547 FINANCE LEASE LIABILITIES 203216 4159275 X 14874128 -123587 -123587 14997715 0 14997715 15078385 0 15078385 0 15078385 PART X, LINE 2: WE ARE ORGANIZED AS A COLORADO NONPROFIT CORPORATION, HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) AND QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VIII). CARE SYNERGY HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(3). CARE SYNERGY IS REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, WE ARE SUBJECT TO INCOME TAX ON NET INCOME DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO OUR EXEMPT PURPOSE. WE FILE AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS TO REPORT UNRELATED BUSINESS INCOME. WE BELIEVE WE HAVE APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING OUR ANNUAL FILING REQUIREMENTS, AND AS SUCH, DO NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. X X X X X 0 1 0 0 0 0 0 1 0 TIM J BOWEN PRESIDENT/CHIEF EXECUTIVE OFFICER 623827 0 176752 0 53276 0 15000 0 29079 0 897934 0 0 0 PATRICIA FORD VP OF OPERATIONS 247058 0 180889 0 1615 0 51432 0 27896 0 508890 0 0 0 PAUL E TOSETTI CHIEF FINANCIAL OFFICER 231378 0 167422 0 4858 0 48327 0 28685 0 480670 0 0 0 JOHN BLASCHKE CHIEF INFORMATION OFFICER 225082 0 44397 0 1392 0 47851 0 31361 0 350083 0 0 0 PATRICIA MEHNERT - DIRECTOR OF CORPORATE COMPLIANCE/RISK MANAGEMENT 216831 0 52726 0 2444 0 41140 0 13443 0 326584 0 0 0 CRYSTAL O'BRIEN VP OF HUMAN RESOURCES 202153 0 39523 0 496 0 42896 0 30041 0 315109 0 0 0 ROBERT HOWE CMO FROM 630 TDH MEDICAL DIR. (THRU 6/30) 134412 129200 2015 3250 653 474 2226 0 18391 18407 157697 151331 0 0 DARCI DAVIS VP BUSINESS DEVELOPMENT 174312 0 0 0 303 0 0 0 20819 0 195434 0 0 0 PETER SCHOOMAKER CONTROLLER 110585 0 21207 0 7016 0 2610 0 27754 0 169172 0 0 0 DAVID DIORDANO VP DEVELOPMENT 145335 0 0 0 341 0 5900 0 13190 0 164766 0 0 0 MICHAEL VOGT INFRASTRUCTURE TECH MGR. 113856 0 0 0 214 0 4930 0 31549 0 150549 0 0 0 PART I, LINE 4B THE ORGANIZATION ESTABLISHED A SECTION 457(F) NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR THE EXCLUSIVE BENEFIT OF CERTAIN EXECUTIVES. FUNDS ARE SUBJECT TO RISK OF FORFEITURE BY PLAN PARTICIPANTS AND ARE AVAILABLE TO THE CREDITORS OF THE CARE SYNERGY. IN ACCORDANCE WITH THE BOARD OF DIRECTORS' INTENT, THE ORGANIZATION WILL FUND INDIVIDUAL PARTICIPANT ACCOUNTS THROUGH INVESTMENT OPTIONS DIRECTED BY THE PARTICIPANTS. THE DEFERRED COMPENSATION PLAN IS PARTIALLY FUNDED, AND THE ORGANIZATION REPORTS THE DEFERRALS AND RELATED FUNDING IN ACCRUED EXPENSES AND INVESTMENTS, RESPECTIVELY, IN THE BALANCE SHEET. THE FOLLOWING INDIVIDUALS PARTICIPATED IN THE 457(F) NON-QUALIFIED DEFERRED COMPENSATION PLAN IN 2023, FOR WHICH THE EXPENSE WAS INCURRED BY THE SPONSORING ORGANIZATIONS, BUT THE FUNDS HAVE NOT VESTED OR BEEN PAID OUT TO THESE INDIVIDUALS. THE AMOUNTS LISTED BELOW ARE INCLUDED ON SCHEDULE J, PART II, COLUMN (C): TIM BOWEN (CARE SYNERGY CEO): $132,644 PAUL TOSETTI (CARE SYNERGY CFO): $38,062 JOHN BLASCHKE (CARE SYNERGY CIO): $36,641 CRYSTAL O'BRIEN (CARE SYNERGY VP OF HUMAN RESOURCES): $32,887 PATRICIA FORD (CARE SYNERGY VP OF OPERATIONS): $40,500 PATRICIA MEHNERT (CARE SYNERGY DIR. OF CORP. COMPLIANCE & RISK MGMT.): $34,390 PART I, LINE 7 THE ORGANIZATION ANNUALLY REVIEWS THE PERFORMANCES OF THE EXECUTIVE STAFF AND OTHER STAFF TO DETERMINE IF ADDITIONAL COMPENSATION IN THE FORM OF BONUSES WILL BE PAID. THE DETERMINATION OF BONUSES IS BASED ON ACHIEVEMENT OF CERTAIN METRICS INCLUDED IN OVERALL STRATEGIC OBJECTIVES INCLUDING FINANCIAL PERFORMANCE, PATIENT CENSUS GROWTH, AND QUALITY RATINGS. DURING CALENDAR YEAR ENDED DECEMBER 31, 2023, THE ORGANIZATION AWARDED THE CEO, CHIEF FINANCIAL OFFICER, CHIEF INFORMATION OFFICER, VP OF HUMAN RESOURCES, VP OF OPERATIONS, VP OF QUALITY COMPLIANCE AND EDUCATION AND DIRECTOR OF MARKETING AND COMMUNICATION A BONUS BASED ON REVIEW OF THEIR PERFORMANCES AND SERVICES TO THE ORGANIZATION. FORM 990, PART III, LINE 2 CARE SYNERGY MEDICAL GROUP WAS FORMED TO TRACK PHYSICIAN WAGES. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL BE COMPRISED OF THE CHAIR, VICE-CHAIR, THE SECRETARY, THE TREASURER, AND UP TO THREE AT-LARGE MEMBERS DRAWN FROM THE BOARD. THE EXECUTIVE COMMITTEE MAY TRANSACT ANY BUSINESS OF THE ORGANIZATION THAT WOULD NORMALLY REQUIRE APPROVAL OF THE BOARD (EXCEPT AS SET FORTH BELOW) BETWEEN REGULARLY SCHEDULED MEETINGS OF THE BOARD ONLY IF THE BUSINESS AT HAND IS OF SUCH URGENT NATURE AS TO REASONABLY REQUIRE ACTION PRIOR TO THE NEXT REGULARLY SCHEDULED MEETING OF THE BOARD AND A QUORUM OF THE BOARD CANNOT REASONABLY BE ASSEMBLED. IN THE EVENT OF SUCH AN EMERGENCY, THE EXECUTIVE COMMITTEE CAN ACT WITH THE AUTHORITY OF THE BOARD, PROVIDED, HOWEVER, THAT ANY SUCH ACTIONS MUST BE SUBSEQUENTLY RATIFIED BY THE BOARD. THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE AUTHORITY TO APPROVE ANY OF THE FOLLOWING ACTIONS: (A) NOMINATION OF INDIVIDUALS TO SERVE AS A DIRECTOR ON BOARD; (B) ANY AMENDMENT TO THE ARTICLES OR BYLAWS OF THE ORGANIZATION; (C) REMOVAL OF A DIRECTOR OF THE ORGANIZATION WITH OR WITHOUT CAUSE; OR (D) APPROVAL OF THE ORGANIZATION'S STRATEGIC PLAN. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED IN DETAIL BY THE CFO, FINANCE STAFF, AND EXTERNAL CPA FIRM. A FINAL COPY IS GIVEN TO THE FULL BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. EACH MEMBER OF THE BOARD OF DIRECTORS AND SENIOR MANAGEMENT IS ASKED TO COMPLETE AN INDEPENDENCE QUESTIONNAIRE TO DISCLOSE ANY BUSINESS VENTURES, OWNERSHIP INTERESTS OR SERVICES THAT COULD CREATE A CONFLICT OF INTEREST. THE EXISTENCE OF ANY POTENTIAL CONFLICT OF INTEREST SHALL BE DISCLOSED TO BOARD OF DIRECTORS, WHO SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IN THE EVENT A CONFLICT OF INTEREST DOES EXISTS, AN INTERESTED PERSON MAY MAKE A PRESENTATION TO THE GOVERNING BOARD OR COMMITTEE, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMING WITH THE ABOVE DETERMINATION, IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOR CARE SYNERGY FUNCTIONS AS THE COMPENSATION COMMITTEE. THEY ENGAGE AN INDEPENDENT THIRD-PARTY COMPENSATION AND BENEFITS CONSULTANT TO CONDUCT A MARKET ANALYSIS OF COMPENSATION AND BENEFITS FOR ALL OF THE CARE SYNERGY EXECUTIVE STAFF AND AFFILIATE PRESIDENTS. THE ANALYSIS INCLUDES COMPARISONS OF SIMILARLY SIZED HOSPICE AND OTHER HEALTHCARE ORGANIZATIONS. THE CONSULTING FIRM ALSO EVALUATED THE REASONABLENESS OF EXECUTIVE COMPENSATION FROM AN INTERMEDIATE SANCTIONS PERSPECTIVE. ANY COMPENSATION OR BENEFITS CHANGES FOR CARE SYNERGY EXECUTIVE STAFF AND AFFILIATE PRESIDENTS ARE APPROVED BY THE EXECUTIVE COMMITTEE OF THE CARE SYNERGY BOARD OF DIRECTORS AND DOCUMENTED IN THE COMMITTEE MINUTES. THIS PROCESS IS COMPLETED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. REQUEST FORMS ARE AVAILABLE AT THE FRONT DESK AND CAN BE REQUESTED IN PERSON OR OVER THE PHONE. FORM 990, PART IX, LINE 11G CONTRACT LABOR: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 114,202. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 114,202. CONSULTING EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 317,225. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 317,225. SERVICE CONTRACTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 366,955. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 366,955. FORM 990, PART X, LINE 27 AND FORM 990, PART XI, LINE 10: IN 2020, AN OPERATING RESERVE WAS CREATED AT CARE SYNERGY (THE RESERVE) TO SUPPORT THE STRATEGIC GOALS AND OPERATIONAL PLANS OF CARE SYNERGY AND ITS AFFILIATES. THE RESERVE WAS FUNDED BY AFFILIATES WITH AVAILABLE CASH FLOW BASED ON THEIR PROPORTIONATE SHARE OF PATIENT SERVICE REVENUE. THE USE OF THE RESERVE IS TO SUPPORT UNFORESEEN FINANCIAL NEEDS OR CERTAIN STRATEGIC INITIATIVES OF CARE SYNERGY AND ITS AFFILIATES. THE RESERVE IS NOT INTENDED FOR CAPITAL PROJECTS, TO REPLACE A PERMANENT LOSS OF FUNDS OR ELIMINATE AN ONGOING BUDGET GAP OR SHORTFALL. THE RESERVE IS ACCOUNTED FOR AS "BOARD DESIGNATED RESERVE". UTILIZATION OF THE RESERVE REQUIRES THE EXPRESS APPROVAL OF THE CARE SYNERGY BOARD OF DIRECTORS. CARE SYNERGY MEDICAL GROUP LLC 8289 EAST LOWRY BLVD DENVER CO 80230 JOINT VENTURE IN ACCOUNTABLE CARE ORGANIZATION CO 0 0 COMFORT BRIDGE DBA CARE SYNERGY PATHWAYS HOSPICE 8289 E LOWRY BLVD DENVER CO 80230 840782874 HOSPICE AND PALLIATIVE CARE SERVICES CO 501(C)(3) LINE 10 COMFORT BRIDGE DBA CARE SYNERGY 1 HOSPICE OF METRO DENVER INC DBA THE DENVER HOSPICE 8289 E LOWRY BLVD DENVER CO 80230 840743121 HOSPICE AND PALLIATIVE CARE SERVICES CO 501(C)(3) LINE 10 COMFORT BRIDGE DBA CARE SYNERGY 1 PIKES PEAK HOSPICE AND PALLIATIVE CARE INC 8289 E LOWRY BLVD DENVER CO 80230 840816047 HOSPICE AND PALLIATIVE CARE SERVICES CO 501(C)(3) LINE 10 COMFORT BRIDGE DBA CARE SYNERGY 1 COLORADO VISITING NURSE ASSOCIATION 8289 E LOWRY BLVD DENVER CO 80230 841043351 HOSPICE AND PALLIATIVE CARE SERVICES CO 501(C)(3) LINE 10 COMFORT BRIDGE DBA CARE SYNERGY 1 0 0 0 1 1 0 0 0 0 0 1 1 0 1 1 1 1 0 0 COLORADO VISITING NURSES ASSOCIATION L 396679 COST BASED ON ALLOCATION METHODOL HOSPICE OF METRO DENVER E 185106 COST BASED ON ALLOCATION METHODOL HOSPICE OF METRO DENVER L 2201195 COST BASED ON ALLOCATION METHODOL PATHWAYS HOSPICE L 1114135 COST BASED ON ALLOCATION METHODOL PIKES PEAK HOSPICE AND PALLIATIVE CARE L 810702 COST BASED ON ALLOCATION METHODOL HOSPICE OF METRO DENVER O 4619886 COST BASED ON ALLOCATION METHODOL PATHWAYS HOSPICE O 2506154 COST BASED ON ALLOCATION METHODOL PIKES PEAK HOSPICE AND PALLIATIVE CARE O 1760729 COST BASED ON ALLOCATION METHODOL COLORADO VISITING NURSES ASSOCIATION O 999991 COST BASED ON ALLOCATION METHODOL PATHWAYS HOSPICE Q 110038 COST BASED ON ALLOCATION METHODOL PIKES PEAK HOSPICE AND PALLIATIVE CARE Q 80080 COST BASED ON ALLOCATION METHODOL HOSPICE OF METRO DENVER Q 204396 COST BASED ON ALLOCATION METHODOL PATHWAYS HOSPICE E 259592 COST BASED ON ALLOCATION METHODOL PIKES PEAK HOSPICE AND PALLIATIVE CARE E 219707 COST BASED ON ALLOCATION METHODOL