2022-07-11T10:44:00-05:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2021-01-01 411518013 CRITICAL CARE SERVICES INC CRIT 6126384900 8009 34TH AVENUE SOUTH 13TH FLOOR BLOOMINGTON MN 55425 ROBERT SANNERUD CFO 6126384900 2022-07-11 1 ROBERT SANNERUD 999009999 RYAN STRUSZ P01604381 6123764500 2022-07-11 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z LIFE LINK III JOSHUA HOWELL 8009 34TH AVENUE SOUTH 13TH FLOOR BLOOMINGTON MN 55425 68835570 0 X WWW.LIFELINKIII.COM X 1985 MN TO PROVIDE SAFE AND EFFECTIVE MEDICAL CARE AND TRANSPORTATION SERVICES FOR PATIENTS. 13 10 318 23 -396832 0 546634 3058440 48750173 55878040 1244922 1776170 386452 990611 50928181 61703261 0 0 0 0 24647731 33554735 0 0 0 23839238 21234903 48486969 54789638 2441212 6913623 75118606 91145525 28595082 38497048 46523524 52648477 X THE MISSION OF LIFE LINK III IS SAFE AND EFFECTIVE AIR MEDICAL TRANSPORT. WE ACCOMPLISH THIS BY SETTING, HOLDING, AND ENHANCING THE STANDARD FOR EXCELLENCE IN PATIENT CARE, TRANSPORTATION, AND INDUSTRY LEADERSHIP. 0 0 45197669 0 51378524 ROTOR WING SERVICESPROVIDES AIR TRANSPORTATION OF PATIENTS REQUIRING CRITICAL CARE AND EMERGENCY MEDICAL CARE IN HELICOPTERS CONFIGURED FOR MOBILE INTENSIVE CARE 3,371 TRANSPORTS. LIFE LINK III PROVIDES HELICOPTER AIR MEDICAL TRANSPORTATION INCLUDING ON-SCENE EMERGENCY RESPONSE AND INTER-FACILITY TRANSPORT 24 HOURS A DAY, 365 DAYS PER YEAR. WITH HELICOPTER BASES THROUGHOUT MINNESOTA AND WISCONSIN, LIFE LINK III TRANSPORTS ALL TYPES OF CRITICALLY ILL OR INJURED PATIENTS. 3927877 0 4499516 FIXED WING SERVICESPROVIDES AIR TRANSPORTATION OF PATIENTS REQUIRING CRITICAL CARE AND EMERGENCY MEDICAL CARE IN FIXED WING AIRCRAFT CONFIGURED FOR MOBILE INTENSIVE CARE 284 TRANSPORTS. LIFE LINK III PROVIDES AIRPLANE AMBULANCE TRANSPORTATION THROUGHOUT THE UNITED STATES, 24 HOURS A DAY, 365 DAYS PER YEAR. LIFE LINK III HAS A DEDICATED, MEDICALLY-CONFIGURED AIRPLANE READY AT ALL TIMES AND HAS ACCESS TO A FLEET OF OTHER AIRCRAFT FOR ADDITIONAL SUPPORT TO TRANSPORT ALL TYPES OF CRITICALLY ILL OR INJURED PATIENTS. 0 0 0 LIFE LINK III'S AIRPLANE AND HELICOPTER TRANSPORTATION SERVICES ARE ACCREDITED BY THE COMMISSION ON ACCREDITATION OF MEDICAL TRANSPORT SYSTEMS (CAMTS), WHICH REFLECTS THE ORGANIZATION'S COMMITMENT TO MEETING OR EXCEEDING THE HIGHEST STANDARDS OF PATIENT CARE, QUALITY AND SAFETY. THERE WERE OVER 162 CAMTS ACCREDITED SERVICES NATIONALLY AND INTERNATIONALLY BY THE END OF 2021. LIFE LINK III IS ONE OF ONLY 60 MEDICAL TRANSPORTATION SERVICES NATIONALLY AND INTERNATIONALLY THAT ARE CAMTS ACCREDITED FOR THE TWO MODES OF CRITICAL CARE AIR MEDICAL TRANSPORTATION: ROTOR WING AND FIXED WING. LIFE LINK III SUCCESSFULLY COMPLETED THE REACCREDITATION PROCESS IN MARCH 2019. THAT EXTENDED ACCREDITATION THROUGH MARCH 2022.LIFE LINK III PROVIDES OUTREACH EDUCATION AND TRAINING TO PRE-HOSPITAL AND HOSPITAL-BASED HEALTHCARE PROVIDERS COVERING SUCH TOPICS AS HELICOPTER LANDING ZONE SET UP, SCENE SAFETY, PATIENT TRANSPORT PREPARATION AND OTHER PATIENT CARE TOPICS. LIFE LINK III ACTIVELY PARTICIPATES WITH THE COMMUNITIES IT SERVES, INCLUDING PUBLIC, INFORMATIONAL, SCHOOL, INJURY PREVENTION AND COMMUNITY EVENTS. THESE EVENTS HAVE RESUMED WITH CAUTION AFTER THE COVID 19 PANDEMIC. IN 2021 THE ORGANIZATION DONATED MORE THAN 1,715 HOURS OF CLINICIAN TIME, 157 HOURS OF PILOT TIME AND 50 HOURS OF AIRCRAFT TIME FOR 268 SEPARATE COMMUNITY AND HEALTHCARE-RELATED EVENTS AND TRAININGS. THE 143 OUTREACH EDUCATION PROGRAMS TRAINED 23,800 EMS AND COMMUNITY-BASED MEDICAL AND FIRST RESPONDERS.IN ADDITION TO THE COMMUNITY AND HEALTHCARE-RELATED EDUCATION AND SAFETY EVENTS, LIFE LINK III CONTINUES TO SEEK NEW CHANNELS FOR DELIVERING EDUCATION TO EMERGENCY SERVICE, FIRST RESPONDER, AND HEALTHCARE PERSONNEL FROM MINNESOTA, WISCONSIN, AND SURROUNDING STATES. LIFE LINK III PROVIDES HIGH QUALITY CONTINUING EDUCATION WITH EXCEPTIONAL SPEAKERS AND SPECIAL GUESTS THROUGH BOTH ITS CLINICAL EDUCATIONAL PROGRAM AND LINKED EVENTS, A REGIONAL EDUCATIONAL SERIES THAT BRINGS EDUCATION TO THE REGION WITH THE GOAL OF ENHANCING SKILLS AND DEMONSTRATING TRANSPORT BEST PRACTICES FOR PROVIDERS OF ALL LEVELS, FROM RESCUE AND PRE-HOSPITAL SITUATIONS TO TRANSPORT AND IN-HOSPITAL TREATMENT. 0 0 0 FINANCIAL ASSISTANCELIFE LINK III MAINTAINS A FINANCIAL ASSISTANCE PROGRAM CALLED COMMUNITY CARE. THIS PROGRAM PROVIDES CARE FOR THOSE WHO ARE UNINSURED OR UNABLE TO AFFORD THE COST OF SERVICES. WE MAINTAIN RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF CHARITY CARE UNDER THIS PROGRAM. APPLICANTS FOR OUR CHARITY CARE PROGRAM ARE REQUESTED TO PROVIDE CURRENT AND PRIOR YEAR INCOME INFORMATION. WE USE INCOME-BASED CRITERIA IN OUR DETERMINATION OF CHARITY CARE AND USE 300% OF THE FEDERAL POVERTY GUIDELINES ESTABLISHED BY THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES IN DETERMINING ELIGIBILITY. IN 2021 THE COST OF PROVIDING CARE TO PATIENTS UNDER THIS PROGRAM WAS $1,045,082. LIFE LINK III PARTICIPATES IN GOVERNMENT PROGRAMS AND IS COMMITTED TO SERVING ALL PERSONS IN NEED REGARDLESS OF RACE, CREED, SEX, NATIONALITY, RELIGION, DISABILITY, AGE OR ABILITY TO PAY. TO PROMOTE ACCESS TO ALL INDIVIDUALS, LIFE LINK III PARTICIPATES IN THE FOLLOWING PUBLIC HEALTHCARE PROGRAMS: MEDICARE, MEDICAID (PRIMARILY MINNESOTA AND WISCONSIN), MINNESOTACARE, BADGERCARE, AND OTHER GENERAL ASSISTANCE PROGRAMS. PAYMENTS FROM THESE PROGRAMS FREQUENTLY DO NOT COVER THE COSTS LIFE LINK III INCURS TO SERVE PROGRAM BENEFICIARIES. IN 2021 THE COST OF HEALTH CARE SERVICES PROVIDED BY LIFE LINK III WAS $8,198,712 IN EXCESS OF THE REIMBURSEMENT RECEIVED FROM PUBLIC PROGRAMS.PATIENT RECEIVABLES AND CREDIT POLICYPATIENT ACCOUNTS RECEIVABLE ARE UNCOLLATERALIZED PATIENT OBLIGATIONS THAT ARE STATED AT THE AMOUNT MANAGEMENT EXPECTS TO COLLECT FROM OUTSTANDING BALANCES. THESE OBLIGATIONS ARE PRIMARILY FROM LOCAL RESIDENTS, MOST OF WHOM ARE INSURED UNDER THIRD-PARTY PAYORS ON THE PATIENTS' BEHALF. OR, IF THE PATIENT IS UNINSURED, THE PATIENT RECEIVES AN AUTOMATIC DISCOUNT EQUAL TO THE DISCOUNT GIVEN THE ORGANIZATIONS LARGEST THIRD PARTY PAYER, THEN THAT PATIENT IS BILLED DIRECTLY. ONCE CLAIMS ARE SETTLED WITH THE PRIMARY PAYER, ANY SECONDARY INSURANCE IS BILLED AND PATIENTS ARE BILLED FOR COPAY AND DEDUCTIBLE AMOUNTS THAT ARE PATIENTS' RESPONSIBILITY. PAYMENTS ON PATIENT ACCOUNTS RECEIVABLE ARE APPLIED TO THE SPECIFIC CLAIM IDENTIFIED ON THE REMITTANCE ADVICE OR STATEMENT. LIFE LINK III DOES NOT HAVE A POLICY TO CHARGE INTEREST ON PAST DUE ACCOUNTS. PATIENT ACCOUNTS RECEIVABLE ARE REDUCED BY AN ALLOWANCE FOR DOUBTFUL ACCOUNTS. IN EVALUATING THE COLLECTABILITY OF PATIENT ACCOUNTS RECEIVABLE, THE ORGANIZATION ANALYZES ITS COLLECTION HISTORY AND IDENTIFIES TRENDS FOR EACH OF ITS MAJOR PAYOR SOURCES OF REVENUE TO ESTIMATE THE APPROPRIATE ALLOWANCE FOR DOUBTFUL ACCOUNTS AND PROVISION FOR BAD DEBTS. MANAGEMENT REGULARLY REVIEWS DATA ABOUT THESE MAJOR PAYOR SOURCES OF REVENUE IN EVALUATING THE SUFFICIENCY OF THE ALLOWANCE FOR DOUBTFUL ACCOUNTS. FOR RECEIVABLES ASSOCIATED WITH SERVICES PROVIDED TO PATIENTS WHO HAVE THIRD-PARTY COVERAGE, THE ORGANIZATION ANALYZES CONTRACTUALLY DUE AMOUNTS AND PROVIDES AN ALLOWANCE FOR DOUBTFUL ACCOUNTS, A PROVISION FOR BAD DEBTS AND CHARITABLE CARE. FOR RECEIVABLES ASSOCIATED WITH SELF-PAY PATIENTS (WHICH INCLUDES BOTH PATIENTS WITHOUT INSURANCE AND PATIENTS WITH DEDUCTIBLE AND COPAYMENT BALANCES DUE FOR WHICH THIRD-PARTY COVERAGE EXISTS FOR PART OF THE BILL), THE ORGANIZATION RECORDS A SIGNIFICANT PROVISION FOR BAD DEBTS IN THE PERIOD OF SERVICE ON THE BASIS OF ITS PAST EXPERIENCE, WHICH INDICATES THAT MANY PATIENTS ARE UNABLE OR UNWILLING TO PAY THE PORTION OF THEIR BILL FOR WHICH THEY ARE FINANCIALLY RESPONSIBLE. THE DIFFERENCE BETWEEN THE STANDARD RATES (OR DISCOUNTED RATES IF NEGOTIATED) AND THE AMOUNTS ACTUALLY COLLECTED AFTER ALL REASONABLE COLLECTION EFFORTS HAVE BEEN EXHAUSTED IS CHARGED OFF AGAINST THE ALLOWANCE FOR DOUBTFUL ACCOUNTS. IN 2021 THESE BAD DEBTS TOTALED $3,125,491.PATIENT ACCOUNTS RECEIVABLE ARE RECORDED IN THE ACCOMPANYING BALANCE SHEET NET OF CONTRACTUAL ADJUSTMENTS AND AN ALLOWANCE FOR DOUBTFUL ACCOUNTS.IT IS UNKNOWN HOW MUCH BAD DEBT EXPENSE, IF ANY, REASONABLY COULD BE ATTRIBUTABLE TO PERSONS WHO LIKELY WOULD QUALIFY FOR FINANCIAL ASSISTANCE UNDER OUR COMMUNITY CARE PROGRAM. 0 0 0 49125546 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 49 0 318 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 13 10 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 MN X ROBERT SANNERUD CFO 6126384900 8009 34TH AVENUE SOUTH 13TH FLOOR BLOOMINGTON MN 55425 ROBERT A SANNERUD CHIEF FINANCIAL OFFICER 40.00 X 300529 0 65946 STEVEN STERNER MD INTERIM CEO (THROUGH AUGUST 2021) 40.00 X X 313978 0 29647 JOSHUA HOWELL PRESIDENT/CEO 40.00 X X 284010 0 52602 CATHY RICHARDS CHIEF ADMINISTRATIVE OFFICER 40.00 X 245415 0 65709 KOLBY KOLBET CHIEF CLINICAL OFFICER 40.00 X 263509 0 41548 MATHEW NELSON DIRECTOR, OPERATIONS 40.00 X 204479 0 29014 ARUL IGNATIUS ROTOR WING PILOT BASE LEAD 42.00 X 157635 0 59792 RONALD MUNTIFERING ROTOR WING PILOT BASE LEAD 42.00 X 184631 0 30841 ALLEN WOLFE JR SR DIRECTOR, CLINICAL EDUCATION 40.00 X 148106 0 46431 LISA KNIPPING DIRECTOR, FINANCE 40.00 X 144033 0 49186 JIM LESTE MS CHSP CHAIR 2.00 X X 0 0 0 JOSEPH HELLIE VICE CHAIR 2.00 X X 0 0 0 ERIC LOHN MBA FHFMA SECRETARY/TREASURER 2.00 X X 0 0 0 ANDREW BAGNALL FACHE DIRECTOR 1.00 X 0 0 0 ROBERT BEACHER RPH DIRECTOR 1.00 X 0 0 0 EMILY BLOMBERG DIRECTOR 1.00 X 0 0 0 KEVIN BOREN DIRECTOR 1.00 X 0 0 0 DR RALPH FRASCONE MD FACEP DIRECTOR AND CMO 2.00 X 0 0 0 BRET HAAKE MD DIRECTOR 1.00 X 0 0 0 JOHN L HICK MD DIRECTOR (THROUGH SEPTEMBER 2021) 1.00 X 0 0 0 NARAYANA MURALIL MD FACP DIRECTOR (THROUGH YEAR-END) 1.00 X 0 0 0 KELLY SPRATT DIRECTOR 1.00 X 0 0 0 2246325 0 470716 96 0 1 0 ROBERT GERADS 1960 CLIFF LAKE ROAD ST PAUL MN 55122 SOFTWARE SUPPORT 347040 K&E CONSULTING 1541 OAKVIEW COURT LINO LAKES MN 55038 IT SUPPORT 303087 FAEGRE DRINKER 90 S 7TH STREET SUITE 2200 MINNEAPOLIS MN 55402 LEGAL SERVICES 269720 3 3058440 3058440 ROTOR WING SERVICE 621910 51378524 51378524 FIXED WING SERVICE 621910 4499516 4499516 55878040 414270 414270 8035 8230 -195 -195 -195 8485979 7120334 3745 1365645 -3745 1361900 1361900 ADMINISTRATIVE SERVICES 561000 976608 976608 MISCELLANEOUS INCOME 900099 411030 411030 INVESTMENT IN FLIGHTBRIDGEED LLC 523000 -396832 -396832 990806 61703261 55878040 -396832 3163613 1662893 1662893 26129942 24754807 1375135 732382 732382 2957911 2740948 216963 2071607 1848364 223243 203980 79003 124977 50429 50429 43561 43561 830270 478058 352212 288849 165289 123560 751004 422751 328253 480309 8342 471967 936383 897746 38637 2648607 2506691 141916 328200 240879 87321 414410 408673 5737 3138218 3063119 75099 1228313 954079 274234 REPAIRS AND MAINTENANCE 3563277 3484654 78623 BAD DEBT EXPNSE 3125491 3125491 AIRCRAFT RENT 1670595 1670595 MISCELLANEOUS 874467 834712 39755 658540 658534 6 54789638 49125546 5664092 0 7210023 3178118 8532650 9938705 354013 870615 799657 1413423 1188305 2073329 75773615 17941188 41753271 57832427 11091724 11560176 2470868 2473209 1718095 1700523 0 105000 75118606 91145525 3334604 3222330 316140 0 6262903 4189397 18040042 28588017 641393 2497304 28595082 38497048 X 46523524 52648477 46523524 52648477 75118606 91145525 6913623 -788670 0 X 0 1 X 1 0 X 546634 3058440 3605074 33140719 36638671 43427345 48750173 55878040 217834948 33140719 36638671 43427345 49296807 58936480 221440022 0 0 0 221440022 461341 525631 566683 543381 422305 2519341 461341 525631 566683 543381 422305 2519341 10021 1695 69615 495382 1387638 1964351 33612081 37165997 44063643 50335570 60746423 225923714 0.98020 0.98390 0.01120 0.01310 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME ADMINISTRATIVE SERVICES RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 17245 17245 0 PART II-B, LINE 1: LIFE LINK III DOES NOT DIRECTLY ENGAGE IN ANY LOBBYING ACTIVITIES. A PERCENTAGE OF MEMBERSHIP DUES PAID TO THE ASSOCIATION OF AIR MEDICAL SERVICES, MINNESOTA AMBULANCE ASSOCIATION, ASSOCIATION FOR CRITICAL CARE TRANSPORT, AND HELICOPTER ASSOCIATION INTERNATIONAL ARE USED BY THOSE ORGANIZATIONS TO LOBBY ON BEHALF OF THEIR MEMBERS. 1444066 804601 639465 68186 68186 0 55668256 17068401 38599855 18593107 18593107 57832427 DEFERRED AIRCRAFT MAINTENANCE 2497304 2497304 X PART X, LINE 2: CRITICAL CARE SERVICES, INC. (DBA: LIFE LINK III) IS A NONPROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. IT IS ALSO EXEMPT FROM STATE INCOME TAXES PURSUANT TO SIMILAR PROVISIONS IN THE MINNESOTA STATUTES. THE ORGANIZATION FOLLOWS THE GUIDANCE IN THE ACCOUNTING STANDARDS REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE APPLICATION OF THIS STANDARD HAS NO EFFECT ON THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. X X X X X 0 0 0 0 0 0 0 0 0 ROBERT A SANNERUD CHIEF FINANCIAL OFFICER 247494 0 33853 0 19182 0 11600 0 54346 0 366475 0 0 0 STEVEN STERNER MD INTERIM CEO (THROUGH AUGUST 2021) 264088 0 0 0 49890 0 12527 0 17120 0 343625 0 0 0 JOSHUA HOWELL PRESIDENT/CEO 242149 0 24085 0 17776 0 11150 0 41452 0 336612 0 0 0 CATHY RICHARDS CHIEF ADMINISTRATIVE OFFICER 208669 0 25614 0 11132 0 10206 0 55503 0 311124 0 0 0 KOLBY KOLBET CHIEF CLINICAL OFFICER 224668 0 24930 0 13911 0 10595 0 30953 0 305057 0 0 0 MATHEW NELSON DIRECTOR, OPERATIONS 172040 0 20972 0 11467 0 8199 0 20815 0 233493 0 0 0 ARUL IGNATIUS ROTOR WING PILOT BASE LEAD 155488 0 936 0 1211 0 6715 0 53077 0 217427 0 0 0 RONALD MUNTIFERING ROTOR WING PILOT BASE LEAD 182013 0 936 0 1682 0 7534 0 23307 0 215472 0 0 0 ALLEN WOLFE JR SR DIRECTOR, CLINICAL EDUCATION 146918 0 0 0 1188 0 5637 0 40794 0 194537 0 0 0 LISA KNIPPING DIRECTOR, FINANCE 143619 0 0 0 414 0 5637 0 43549 0 193219 0 0 0 A PUBLIC FINANCE AUTHORITY 273866124 2013-09-30 15420000 PURCHASE OF HELICOPTERS 0 0 0 B PUBLIC FINANCE AUTHORITY 273866124 2015-12-11 2600000 PURCHASE OF A HELICOPTER 0 0 0 A 12366298 15420000 15420000 2014 0 0 1 1 B 1719153 2600000 2600000 2015 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: PUBLIC FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/01/2018 ISSUER NAME: PUBLIC FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/22/2020 FORM 990, PART VI, SECTION A, LINE 1A EXECUTIVE COMMITTEE MEMBERSHIP CONSISTS SOLELY OF BOARD MEMBERS. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE BUSINESS IN THE INTERVALS BETWEEN BOARD OF DIRECTORS MEETINGS, PROVIDED, HOWEVER, THE EXECUTIVE COMMITTEE DOES NOT HAVE AUTHORITY TO ACT ON ANY MATTER REQUIRING A SUPERMAJORITY VOTE OR OTHER MATTERS SPECIFIED IN THE BYLAWS. FINANCE COMMITTEE MEMBERSHIP CONSISTS PRIMARILY OF NON-BOARD MEMBERS APPOINTED BY THE RESPECTIVE LIFE LINK III MEMBER ORGANIZATIONS. THE FINANCE COMMITTEE ACTS AS THE AUDIT COMMITTEE AND ASSISTS AND ADVISES THE BOARD OF DIRECTORS ON CAPITAL STRUCTURE, FINANCING, INVESTMENT STRATEGIES AND FINANCIAL POLICIES. THE COMPENSATION COMMITTEE IS RESPONSIBLE FOR THE PERFORMANCE REVIEW AND SETTIING COMPENSATION OF THE CEO. FORM 990, PART VI, SECTION A, LINE 6 THERE IS ONLY ONE CLASS OF MEMBER - NON-PROFIT HEALTHCARE ORGANIZATIONS. LIFE LINK III OPERATES AS A CONSORTIUM WITH TEN MEMBERS INCLUDING: ALLINA HEALTH; CHILDRENS HEALTH CARE; HENNEPIN HEALTHCARE SYSTEM INC.; REGIONS HOSPITAL; FAIRVIEW HEALTH SERVICES; CENTRACARE HEALTH SYSTEM; SACRED HEART HOSPITAL OF THE HOSPITAL SISTERS OF THE THIRD ORDER OF ST. FRANCIS; ST. LUKES HOSPITAL OF DULUTH, INC.; ESSENTIA HEALTH; AND MARSHFIELD CLINIC HEALTH SYSTEM. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS ARE ENTITLED TO APPOINT ONE PERSON TO THE BOARD OF DIRECTORS AND UPON DISSOLUTION OF THE ORGANIZATION, SHARE EQUALLY IN ANY SURPLUS OF PROPERTY. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN WAS REVIEWED IN DETAIL BY THE CHIEF FINANCIAL OFFICER (CFO). THE CFO PROVIDED AND REVIEWED A DRAFT OF THE FORM WITH THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL. THE BOARD OF DIRECTORS THEN RECEIVED A FINAL DRAFT AND APPROVED PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY COMPLETE AND SIGN THE CONFLICT OF INTEREST STATEMENT. THE SIGNED STATEMENTS REMAIN ON FILE WITH THE ORGANIZATION'S CEO FOR THE CALENDAR YEAR. CONFLICTS ARE REVIEWED AND DETERMINED BY THE CEO IN CONJUNCTION WITH THE EXECUTIVE COMMITTEE. PERSONS WITH A CONFLICT ARE REQUIRED TO DISCLOSE AND REFRAIN FROM VOTING ON MATTERS WHERE THEY HAVE A CONFLICT. ACTUAL CONFLICTS ARE NOTED IN MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15A AN INDEPENDENT NATIONAL COMPENSATION CONSULTING FIRM IS ENGAGED TO ASSESS EVERY POSITION IN THE COMPANY INCLUDING THAT OF THE CEO. DATA PROVIDED BY THAT INDEPENDENT CONSULTANT AND CONSIDERATION OF THE NEEDS OF THE ORGANIZATION CONSISTENT WITH THE DIRECTION OF THE BOARD WERE ALL USED TO ARRIVE AT THE COMPENSATION FOR THE CEO. THE PROCESS OF REVIEWING THE CEO'S COMPENSATION INCLUDES REVIEW AND APPROVAL BY INDEPENDENT PERSONS, MARKET COMPENSATION DATA FOR COMPARABLE COMPANIES AND CONTEMPORANEOUS SUBSTANTIATION. LIFE LINK III ENGAGES AN INDEPENDENT CONSULTANT TO REVIEW MARKET COMPENSATION DATA FOR COMPARABLE COMPANIES AND CONTEMPORANEOUS SUBSTANTIATION, AS WELL AS MAKE INFORMED RECOMMENDATIONS ON COMPENSATION LEVELS OF KEY ROLES. THE COMPENSATION REVIEW PROCESS LAST OCCURRED FOR THE CEO IN 2019 AND FOR OTHER OFFICERS IN 2020. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE IN THE CARE OF THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER AND ARE AVAILABLE FOR INSPECTION UPON REQUEST AT THE ORGANIZATION'S OFFICE DURING NORMAL BUSINESS HOURS. 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