2018-05-08T09:56:05-05:00 2017-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2016-07-01 522220700 MEDICAL FACULTY ASSOCIATES INC MEDI 2027413351 2150 PENNSYLVANIA AVENUE NW WASHINGTON DC 20037 ROBERT E KELLY CEO 2027413351 2018-04-30 1 ROBERT E SCHILE P00369682 6123764500 2016 2022-09-23 18:48:47Z DR ROBERT E KELLY 2150 PENNSYLVANIA AVENUE NW WASHINGTON DC 20037 433181065 0 X WWW.GWDOCS.COM X 2000 DC PROVIDE PATIENT CARE, CLINICAL RESEARCH, AND TEACHING TO MEDICAL STUDENTS AND RESIDENTS OF GWU. 9 4 2669 5 0 0 970294 648552 407192210 426914990 -2945157 307336 -1060202 -835188 404157145 427035690 0 0 0 0 276366520 287962196 757850 751189 751189 145918522 167300849 423042892 456014234 -18885747 -28978544 172753467 169608865 148981506 154425094 23771961 15183771 X MEDICAL FACULTY ASSOCIATES HAS THREE MAIN MISSIONS: EDUCATION, TO TEACH THE MEDICAL STUDENTS AND TRAIN RESIDENTS OF THE GEORGE WASHINGTON UNIVERSITY; RESEARCH, TO CONDUCT MEDICAL RESEARCH ON BEHALF OF THE GEORGE WASHINGTON UNIVERSITY (GWU); AND FINALLY, TO PROVIDE MEDICAL CARE TO THE RESIDENTS OF THE GREATER WASHINGTON DC METRO AREA. 0 0 374130563 0 406937141 HEALTH CARE PROGRAMS, GENERAL/OTHER: MEDICAL FACULTY ASSOCIATES, INC. (THE "COMPANY") IS A 501(C) (3) CORPORATION THAT WAS CREATED ON FEBRUARY 17, 2000. BUSINESS OPERATIONS BEGAN JULY 1, 2000, WHEN THE TRANSFER AND CONTRIBUTION AGREEMENT (THE "AGREEMENT") BETWEEN THE GEORGE WASHINGTON UNIVERSITY (THE "UNIVERSITY") AND THE COMPANY BECAME EFFECTIVE. PREVIOUSLY, THE COMPANY WAS AN UNICORPORATED DIVISION OF THE UNIVERSITY (THE MFA CLINICAL SERVICES BUSINESS), AND THIS AGREEMENT ESTABLISHED THE COMPANY AS A SEPARATELY INCORPORATED BUSINESS ENTITY. THE COMPANY WAS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE UNIVERSITY, A CONGRESSIONALLY CHARTERED EDUCATIONAL INSTITUTION OF HIGHER EDUCATION IN THE DISTRICT OF COLUMBIA, INCLUDING ITS SCHOOL OF MEDICINE AND HEALTH SCIENCES, AN INCORPORATED DIVISION OF THE UNIVERSITY (THE "SCHOOL OF MEDICINE"), AND IN FURTHERANCE HEREOF THE COMPANY SHALL: PROVIDE PROFESSIONAL PHYSICIAN SERVICES AND RELATED HEALTH CARE SERVICES, INCLUDING DIAGNOSTIC AND THERAPEUTIC PROCEDURES AND SERVICES, TO PATIENTS IN THE GREATER WASHINGTON, DC COMMUNITY AND OTHER AREAS, INCLUDING THOSE UNABLE TO PAY FOR SUCH CARE; EMPLOY PHYSICIANS DULY LICENSED TO PRACTICE MEDICINE WHO HOLD A FACULTY APPOINTMENT AT THE UNIVERSITY, AND OTHER QUALIFIED PERSONNEL AND MAKE THE SERVICE OF SUCH PERSONNEL AVAILABLE TO INDIGENT AND OTHER PERSONS REQUIRING SUCH CARE; AND PERFORM THE OTHER NECESSARY OR APPROPRIATE FUNCTIONS AND SERVICES IN CONNECTION WITH THE ABOVE PURPOSES. IN SATISFACTION OF OUR EXEMPT PURPOSE, MFA CONDUCTED 1,802,145 OUTPATIENT VISITS, WROTE OFF $76 MILLION IN CHARGES FOR THE NEEDY, AND CONDUCTS NUMEROUS COMMUNITY OUTREACH PROGRAMS TO INCLUDE HIV CLINICS, PROSTATE CANCER SCREENINGS, BREAST CARE CENTER, AND A MAMMOVAN. 5334882 0 5603404 MEDICAL RESEARCH, GENERAL/OTHER: PROVIDE CERTAIN CLINICAL RESEARCH AND ADMINISTRATIVE SERVICES TO THE UNIVERSITY; FURTHER THE ADVANCEMENT OF MEDICAL KNOWLEDGE THROUGH BASIC AND APPLIED RESEARCH IN MEDICINE, LECTURES, CONSULTING, PUBLISHING INFORMATION AND TEACHING, PARTICULARLY REGARDING MEDICAL AND HEALTH CARE ISSUES PREVALENT IN URBAN COMMUNITIES. MFA'S FACULTY DOES THE MAJORITY OF THE MEDICAL RESEARCH AT THE GEORGE WASHINGTON UNIVERSITY MEDICAL SCHOOL DURING THE FISCAL YEAR ENDING JUNE 30, 2017, MFA PERFORMED 242 STUDIES. 12629034 0 14374445 PROFESSIONAL EDUCATION: PROVIDE CERTAIN CLINICAL, TEACHING AND ADMINISTRATIVE SERVICES TO THE UNIVERSITY; UNDERTAKE TEACHING THE DIAGNOSIS AND TREATMENT OF MEDICAL CONDITIONS TO MEDICAL STUDENTS, INTERNS, RESIDENTS, FELLOWS AND OTHER PROFESSIONALS IN CONNECTION WITH THE UNIVERSITY. MFA'S FACULTY DOES THE MAJORITY OF THE TEACHING AND RESEARCH AT THE GEORGE WASHINGTON UNIVERSITY MEDICAL SCHOOL DURING THE FISCAL YEAR ENDING JUNE 30, 2017, MFA PROVIDED PROFESSIONAL EDUCATION TO 472 MEDICAL RESIDENTS AND 720 STUDENTS. 392094479 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 342 0 2669 0 0 1 CJ 0 0 0 0 0 0 0 0 X 9 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ALLEN FOSTER 7038424998 2150 PENNSYLVANIA AVENUE NW WASHINGTON DC 20037 SIDAWY ANTON N PRESIDENT/CHAIRMAN, DEPT OF SURGERY 40.00 X X 812118 0 13144 SANTARELLA ROY INTERIM CEO/TREASURER (THRU JAN 2017) 40.00 X X 609318 0 0 KELLY ROBERT CEO/TREASURER (SINCE JAN 2017) 40.00 X X 0 0 0 GABA NANCY SECRETARY/CHAIRMAN, OBGYN 40.00 X X 554442 0 20824 AKMAN JEFFREY DEAN SCHOOL OF MEDICINE 40.00 X 0 0 0 ALBERT MARC TRUSTEE 0.50 X 0 0 0 HUGHES MARK TRUSTEE 0.50 X 0 0 0 REID MORRIS TRUSTEE 0.50 X 5000 0 0 SIGAL GERALD TRUSTEE 0.50 X 5000 0 0 ZEMAN ROBERT K CHAIRMAN, DEPT OF RADIOLOGY 40.00 X 619902 0 21101 WAITE DOUGLAS CFO (THRU DEC 2016) 40.00 X 0 0 0 MCDONALD STEPHEN CFO (SINCE JAN 2017) 40.00 X 0 0 0 MCCLAIN PAMELA B CHIEF OPERATIONS OFFICER 40.00 X 250394 0 10741 RAO RAJKUMAR D CHAIRMAN, ORTHOPAEDIC SURGERY 40.00 X 908256 0 26782 SHESSER ROBERT CHAIRMAN, DEPT OF EMERGENCY MEDICINE 40.00 X 599022 0 20882 WASSERMAN ALAN G CHAIRMAN, DEPT OF MEDICINE 40.00 X 859715 0 17565 WHITMORE RODNEY W CHIEF HUMAN RESOURCES OFFICER 40.00 X 261909 0 19251 MELANCON JOSEPH K PHYSICIAN 40.00 X 726710 0 21442 RHEE JONATHAN J PHYSICIAN 40.00 X 723885 0 19511 SINGH AMEET PHYSICIAN 40.00 X 724588 0 13021 SOTOMAYOR EDUARDO M PHYSICIAN 40.00 X 784245 0 22477 YU WARREN D PHYSICIAN 40.00 X 1780922 0 17426 BADGER STEPHEN L FORMER CEO/TREASURER (THRU OCT 2015) 40.00 X 310000 0 0 MARTER KENNETH FORMER CFO (THRU FEB 2016) 40.00 X 234984 0 10113 10770410 0 254280 717 1 1 0 SIBLEY MEDICAL ASSOCIATION 5255 LOUGHBORD ROAD NW WASHINGTON DC 20026 PHYSICIAN SERVICES 5262682 ALLSCRIPTS LLC 24630 NETWORK PLACE CHICAGO IL 60673 IT/TELECOMMUNICATION SERVICES 4528509 CLIFTONLARSONALLEN LLP 220 S 6TH STREET STE 300 MINNEAPOLIS MN 55402 CONSULTING SERVICES 2913992 ROPES & GRAY LLP 800 BOYLSTON STREET BOSTON MA 02119 LEGAL SERVICES 2417032 CLEARPATH SOLUTIONS GROUP 2465 CENTERVILLE ROAD HERNDON VA 20171 IT/TELECOMMUNICATION SERVICES 2311196 69 648552 648552 PATIENT CARE 621110 406937141 406937141 MEDICAL EDUCATION 611310 14374445 14374445 MEDICAL RESEARCH 541700 5603404 5603404 426914990 399368 399368 5177559 6012747 -835188 -835188 -927758 92570 40596 132628 -92032 -92032 -92032 427035690 425987232 0 399906 7319169 5313076 2006093 248887932 229123321 19764611 7955948 7260026 695922 9789429 8933129 856300 14009718 12784261 1225457 2313201 74192 2239009 847807 847807 751189 751189 869263 869263 34605504 21047629 13557875 988744 685253 303491 4971838 3292953 1678885 10194674 374171 9820503 21392336 17922896 3469440 1690717 1416104 274613 459982 400541 59441 1660737 328077 1332660 4960751 4960751 7501907 4907372 2594535 7503308 6860186 643122 PATIENT CARE SUPPLIES 43925873 43925873 BAD DEBT EXPENSE 22605531 22605531 MEMBERSHIP 1422773 1171071 251702 TEACHING SUPPLIES AND E 1135994 1135994 -1750091 -2427928 677837 456014234 392094479 63168566 751189 -873905 930008 508813 6835710 62364765 59015591 789645 731589 4761430 4111740 136046930 61203923 80514855 74843007 19595532 15984855 5092332 7156365 172753467 169608865 56045070 43751795 8171989 7459863 37138495 37111432 47625952 66102004 148981506 154425094 X 22755667 14326322 1016294 857449 23771961 15183771 172753467 169608865 X -28978544 390354 20000000 X 0 1 X 1 0 X 844747 504815 1227117 970294 648552 4195525 325525656 333020612 360365053 407192210 426914990 1853018521 22795 0 22795 326370403 333525427 361592170 408185299 427563542 1857236841 0 0 0 1857236841 2039687 3840132 1888516 4782943 4856162 17407440 4283142 4447105 2473813 105517 278246 11587823 6322829 8287237 4362329 4888460 5134408 28995263 810379 943979 456249 2210607 333503611 342756643 366410748 413073759 432697950 1888442711 0.98350 0.98120 0.01540 0.01700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15640900 15640900 40775971 8498126 32277845 42404245 25518164 16886081 37225814 27187633 10038181 74843007 DEFERRED RENT 3935709 RESERVE FOR INSURANCE 16362605 LINE OF CREDIT 16148167 457(B) PLAN LIABILITIES 4168322 CAPITAL LEASE OBLIGATION 4562057 SUBORDINATED LOAN 10000000 PATIENT SERVICE LIABILITY 10925144 66102004 X 423436994 -9703476 -9703476 433140470 -6104780 -6104780 427035690 446617212 13208509 13208509 433408703 22605531 22605531 456014234 PART X, LINE 2: THE COMPANY HAS ADOPTED FASB INTERPRETATION ACCOUNTING FOR UNCERTAINTY IN INCOME TAX EFFECTIVE JULY 1, 2009. THIS INTERPRETATION PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE INTERPRETATION ALSO PROVIDES GUIDANCE ON RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. THE COMPANY HAS NO UNCERTAIN TAX POSITION AT JUNE 30, 2017 AND 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE -22,605,531. TEMPORARILY RESTRICTED NET ASSETS RELEASED 158,844. PIC REVENUE 12,743,211. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN/LOSS ON ASSET DISPOSITION -92,033. RENT EXPENSE NETTED AGAINST REVENUE -6,012,747. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE NETTED AGAINST REVENUE 6,012,747. GAIN/LOSS ON ASSET DISPOSITION 92,033. PIC EXPENSES 7,103,729. PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 22,605,531. MIDDLE EAST AND NORTH AFRICA 0 60 PROGRAM SERVICES TWO GOVERNMENT CONTRACTS (SUBCONTRACTOR) IN QATAR STAFFED & MANAGED THE US ARMY TROOP MEDICAL CLINIC. IN KUWAIT, MFA RAN THE EMS SYSTEM ON THE US MILITARY BASES THERE; ALSO PROVIDED TRAINING AS PART OF THE CONTRACT. THERE WERE ALSO A FEW EMED FACULTY MEMBERS WHO SUPPORTED PROGRAMS IN EGYPT THROUGH THE SCHOOL OF PUBLIC HEALTH AT GWU (GLOBAL HEALTH SERVICE PARTNERSHIP). 9174219 0 60 0 0 0 60 9174219 0 9174219 1 0 1 0 0 0 PART I, LINE 2: MFA DOES NOT PROVIDE ANY GRANTS TO FOREIGN ORGANIZATIONS OR INDIVIDUALS. X X X 1 THE GEORGE WASHINGTON UNIVERSITY SCHOOL OF MEDICINE AND HEALTH SCIENCE 2300 I STREET NW WASHINGTON DC 20037 GRATEFUL PATIENT FUNDRAISING PROGRAM;DISCOVERY FUNDS 0 648551 750000 -101449 648551 750000 -101449 DC X X X X 0 0 0 0 0 0 0 0 0 SIDAWY ANTON N PRESIDENT/CHAIRMAN, DEPT OF SURGERY 800000 0 0 0 12118 0 10600 0 2544 0 825262 0 0 0 SANTARELLA ROY INTERIM CEO/TREASURER (THRU JAN 2017 609318 0 0 0 0 0 0 0 0 0 609318 0 0 0 GABA NANCY SECRETARY/CHAIRMAN, OBGYN 550000 0 1544 0 2898 0 10600 0 10224 0 575266 0 0 0 ZEMAN ROBERT K CHAIRMAN, DEPT OF RADIOLOGY 552000 0 59063 0 8839 0 10600 0 10501 0 641003 0 0 0 MCCLAIN PAMELA B CHIEF OPERATIONS OFFICER 246735 0 0 0 3659 0 9869 0 872 0 261135 0 0 0 RAO RAJKUMAR D CHAIRMAN, ORTHOPAEDIC SURGERY 825000 0 75000 0 8256 0 15700 0 11082 0 935038 0 0 0 SHESSER ROBERT CHAIRMAN, DEPT OF EMERGENCY MEDICINE 502383 0 80073 0 16566 0 10600 0 10282 0 619904 0 0 0 WASSERMAN ALAN G CHAIRMAN, DEPT OF MEDICINE 828750 0 1247 0 29718 0 10600 0 6965 0 877280 0 0 0 WHITMORE RODNEY W CHIEF HUMAN RESOURCES OFFICER 260496 0 0 0 1413 0 9873 0 9378 0 281160 0 0 0 MELANCON JOSEPH K PHYSICIAN 650000 0 75000 0 1710 0 11200 0 10242 0 748152 0 0 0 RHEE JONATHAN J PHYSICIAN 450000 0 272445 0 1440 0 10600 0 8911 0 743396 0 0 0 SINGH AMEET PHYSICIAN 350000 0 372847 0 1741 0 10600 0 2421 0 737609 0 0 0 SOTOMAYOR EDUARDO M PHYSICIAN 730000 0 50381 0 3864 0 11533 0 10944 0 806722 0 0 0 YU WARREN D PHYSICIAN 1350000 0 427412 0 3510 0 10600 0 6826 0 1798348 0 0 0 BADGER STEPHEN L FORMER CEO/TREASURER (THRU OCT 2015) 310000 0 0 0 0 0 0 0 0 0 310000 0 0 0 MARTER KENNETH FORMER CFO (THRU FEB 2016) 234654 0 0 0 330 0 9386 0 727 0 245097 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 THERE MAY BE AN EXECUTIVE COMMITTEE CONSISTING ENTIRELY OF TRUSTEES THAT SHALL EXERCISE ALL THE POWERS OF THE BOARD OF TRUSTEES PERMITTED UNDER APPLICABLE LAW DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE SHALL REPORT ON ITS ACTIONS TO THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES SHALL HAVE THE POWER TO RESCIND ANY VOTE OR RESOLUTION OF THE EXECUTIVE COMMITTEE, BUT NO SUCH RECESSION SHALL HAVE RETROAVTICE EFFECT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN EXTERNAL, INDEPENDENT, PROFESSIONAL SERVICES FIRM WITH THE ASSISTANCE BY MFA'S FINANCE TEAM. ONCE THE FORM 990 WAS COMPLETED, IT WAS SHARED ELECTRONICALLY WITH THE BOARD MEMBERS AND DISCUSSED AT A REGULARLY SCHEDULED BOARD MEETING PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED BY THE BOARD OF TRUSTEES ANNUALLY. EMPLOYEES ARE REQUIRED TO DISCLOSE ANY CONFLICTS ANNUALLY. THE COMPLIANCE DEPARTMENT REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE THE POLICY BY: REQUIRING THE ANNUAL DISCLOSURE; REVIEWING ALL POTENTIAL CONFLICTS; AND PUTTING IN PLACE APPROPRIATE MEASURES TO MANAGE POTENTIAL CONFLICTS. MFA EMPLOYEES ARE REQUIRED TO REPORT TO THE COMPLIANCE OFFICER ANY ACTUAL OR POTENTIAL CONFLICTS OF INTERST THAT ARISE IN CONNECTION WITH THEIR EMPLOYMENT IMMEDIATELY UPON BEING AWARE OF SAME, INCLUDING, BUT NOT LIMTED TO, ANY OFFERS OR INCENTIVE PAYMENT OR FREE ITEMS OR SERVICES OFFERED BY SUPPLIERS OR VENDORS, AND OUTSIDE ENTITIES IN WHICH THE MFA EMPLOYEE OR HIS/HER IMMEDIATE FAMILY MEMBER HAS A FINANCIAL OR COMPENSATION INTEREST. THE INDIVIDUAL MUST DISCLOSE ALL MATERIAL FACTS REGARDING THE POTENTIAL CONFLICT AND RESPOND TO ANY INQUIRIES OF THE COMPLIANCE OFFICER. FOR ACTUAL OR POTENTIAL CONFLICTS OF FACULTY AND STAFF, THE COMPLIANCE OFFICER IN COLLABORATION WITH THE DEPARTMENT CHAIR WILL REVIEW THE DISCLOSURE RECORD AND DETERMINE WHETER A CONFLICT EXISTS. FOR CHAIRS AND SENIOR MANAGEMENT, THE COMPLIANCE OFFICER, IN COLLABORATION WITH THE MFA'S PRESIDENT, CEO AND GENERAL COUNSEL WILL REVIEW THE DISCLOSURE RECORD AND DETERMINE WHETHER A CONFLICT EXISTS. FOR THE COMPLIANCE OFFICER AND GENERAL COUNSEL, THE MFA'S PRESIDENT AND CEO WILL REVIEW THE DISLOSURE RECORD AND DETERMINE WHETHER A CONFLICT EXISTS. FOR THE MFA'S PRESIDENT AND CEO, OUTSIDE COUNSEL WILL BE CONSULTED, THE DISCLOSURE RECORD WILL BE REVIEWED AND DETERMINATION WILL BE MADE BY THE CHAIR OF MFA'S AUDIT COMMITTEE WHETHER A CONFLICT EXISTS. IF A CONFLICT IS FOUND TO EXISTST IN AN OUTSIDE INTEREST OR THE OUTSIDE INTEREST IS FOUND TO GIVE THE APPEARANCE OF A CONFLICT FOR FACULTY AND STAFF, THE CHAIR MAY PROHIBIT THE CONFLICT AND OUTSIDE INTEREST OR RECOMMEND TO THE MFA'S PRESIDENT AND CEO CONDITIONS OR RESTRICTIONS TO MANAGE THE CONFLICT. THE MFA'S PRESIDENT AND CEO SHALL DECIDE IN THEIR SOLE DISCRETION WHETHER TO ACCEPT SUCH RESTRICTIONS OR CONDITIONS, IMPLEMENT OTHERS, OR PROHIBIT THE CONFLICT OR OUTSIDE INTEREST. INTENTIONAL VIOLATION OF THE POLICY MAY BE SUBJECT TO DISCIPLINARY ACTION, UP TO AND AND INCLUDING TERMINATION FORM 990, PART VI, SECTION B, LINE 15 THE CHAIR OF THE BOARD OF TRUSTEES WORKED WITH THE CEO SEARCH COMMITTEE AND THE GENERAL COUNSEL TO PREPARE THE COMPENSATION PACKAGE FOR THE NEW CEO. FOR CHIEF-LEVEL POSITIONS, THE CHIEF HUMAN RESOURCES OFFICER (CHRO) WORKED WITH THE DIRECTOR, TOTAL REWARDS, TO IDENTIFY TOTAL CASH COMPENSATION RANGES FOR COMPARABLE ROLES WITHIN THE METRO DC AREA. THESE RANGES WERE PRESENTED TO CEO AND TO THE CHAIR OF THE BOARD OF TRUSTEES FOR APPROVAL BEFORE SALARY ADJUSTMENTS WERE MADE FOR INCUMBENTS AND BEFORE OFFERS WERE EXTENDED TO PROSPECTIVE EXECUTIVES. FOR THE GENERAL COUNSEL POSITION - FOLLOWING THE REVIEW OF THE COMPENSATION RANGES PRESENTED BY THE CHRO, THE INTERIM CEO AND CHAIR OF THE BOARD SOLICITED AND RECEIVED SUPPORT FOR THE COMPENSATION PACKAGE OFFERED TO THE NEW GENERAL COUNSEL. FOR THE CHIEF FINANCIAL OFFICER POSITION - FOLLOWING THE REVIEW OF THE COMPENSATION RANGES PRESENTED BY THE CHRO, THE INTERIM CEO AND CHAIR OF THE BOARD SOLICITED WRITTEN CONSENT FROM GWU AND UHS PRIOR TO EXTENDING AN OFFER TO THE CFO. A COMPENSATION STUDY WAS DONE IN MAY OF 2017 BY AN INDEPENDENT THIRD PARTY TO REVIEW THE TOTAL COMPENSATION PACKAGE FOR THE CEO, COO, CFO, GENERAL COUNSEL, CHRO, AND CIO. THE RESULTS OF THE STUDY DETERMINED THAT THE COMPENSATION PACKAGES WERE REASONABLE. FORM 990, PART VI, SECTION C, LINE 19 ALL OF THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. REQUESTS CAN BE MADE IN WRITING VIA REGULAR MAIL OR EMAIL. FORM 990, PART XI, LINE 9: PIC DIVIDENDS DECLARED AND PAID 20,000,000. 2300 M STREET LEASING LLC 2150 PENNSYLVANIA AVENUE NW SUITE 1 WASHINGTON DC 20037 273552342 RENTAL/LEASING ACTIVITIES DE 5177559 36720975 MEDICAL FACULTY ASSOCIATES INC ADVENTIST - MEDICAL FACULTY ASSOCIATES LLC 8807 COLESVILLE ROAD SUITE 300 SILVER SPRING MD 20910 TO PROVIDE PROFESSIONAL PHYSICIAN SERVICES TO PATIENTS IN THE MD/DC AREA MD 63707273 15474053 MEDICAL FACULTY ASSOCIATES INC MFA PHYSICIANS INSURANCE COMPANY LTD PO BOX 1363 GRAND CAYMAN KY1- CJ TO PROVIDE CLAIMS-MADE INSURANCE COVERAGE TO MFA AND ITS PHYSICIANS CJ MEDICAL FACULTY ASSOCIATES INC C 12743211 39362437 1.00000 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 MFA PHYSICIANS INSURANCE COMPANY LTD F 20000000 ACTUARY ANALYSIS MFA PHYSICIANS INSURANCE COMPANY LTD M 11580091 ACTUARY ANALYSIS