2017-11-13T17:43:47-06:00 2016-12-31 KPMG LLP 3975 FREEDOM CIRCLE SUITE 100 SANTA CLARA CA 95052 990 2016-01-01 237290564 SATELLITE HEALTHCARE INC % HARITA BAJAJ SATE 6504043600 300 Santana Row Suite 300 San Jose CA 95128 SUSAN DEL BENE CFO 6504043600 2017-11-11 true VALERIE J BALL P00178114 4083672747 2017-11-13 167.68.102.5 94029720173175000009 2017-11-13 P 1CD284445D861E484B660855BA15EC2ACB095D90 1CD284445D861E484B660855BA15EC2ACB095D90 2016 2017-02-10 21:41:12Z richard barnett 300 santana row suite 300 san jose CA 95128 386029284 false X www.satellitehealth.com X 1973 CA SINCE 1973, THE MISSION HAS BEEN TO MAKE LIFE BETTER FOR THOSE WITH KIDNEY DISEASE BY SUPPORTING RESEARCH, PROVIDING EDUCATION, AND ENSURING ACCESS TO CARE FOR THOSE AFFECTED. 8 5 2281 0 3791527 3101867 0 0 196594902 212118162 4808837 37980876 178202 372678 201581941 250471716 2267768 2586509 0 0 98963334 110394266 0 0 0 107577086 114908919 208808188 227889694 -7226247 22582022 469203972 471261912 54360978 47638504 414842994 423623408 X SINCE 1973, THE MISSION HAS BEEN TO MAKE LIFE BETTER FOR THOSE LIVING WITH KIDNEY DISEASE BY SUPPORTING RESEARCH, PROVIDING EDUCATION, AND ENSURING ACCESS TO CARE FOR ALL PATIENTS WITH KIDNEY DISEASE. false false 158865103 1488609 208608113 Kidney Dialysis In-Center Chronic Kidney Disease ("CKD") is a public health problem in the United States that impacts approximately 26 million Americans. It is well known that hypertension and diabetes are two leading causes of kidney failure. The 2016 United States Renal Data System Report shows that over 678,000 Americans who live with End Stage Renal Disease ("ESRD"), close to 72% are treated by dialysis. Satellite Healthcare owns and operates 79 in-center hemodialysis facilities (Satellite Dialysis) and home dialysis training centers (WellBound) providing a variety of treatment options to our patients. In 2016, Satellite Healthcare provided over 1,364,264 dialysis treatments and services to over 7,470 patients in California, Texas, Indiana, Illinois, New Jersey, and Tennessee. Peritoneal Dialysis and Home Hemo Center: WellBound, a Satellite Healthcare company, is the first healthcare services company to specialize in the delivery and support of daily home dialysis therapies through free-standing, patient-friendly Centers of Excellence. Our unique care model is built on the premise that early-stage patient education is the first step in an effective treatment program. As such, we dedicate significant resources to reaching patients before they require dialysis. Once dialysis is required, WellBound's goal is to enable nephrologists to easily offer self-care (home) dialysis therapies to their patients. We strive to empower patients to take charge of their health and experience the clinical and quality of life benefits associated with self-care dialysis. See also community benefit report below: COMMUNITY BENEFIT REPORT 2016 Satellite Healthcares dedication to patient care extends beyond the doors of our centers. As a company and as individuals, Satellite teams donate money, time, and talent to help those with kidney disease live the best, most joyful life possible. In every corner of the organization, our employees support CKD and greater community in countless of ways. On the following pages, we invite you to learn more about specific programs Satellite proudly sponsors in support of our patients and the communities where they live. Patient Financial Assistance No one facing CKD should also worry about how to pay for treatment and basic needs. Satellite helps patients in need cover the cost of: o Dialysis care o Household essentials o Nutritional supplements o Urgent medical transportation o Utility and phone bills 1. Satellite Financial Assistance Program Each patient is screened annually to learn if financial assistance is needed to cover all or part of the cost of his/her dialysis care. When needed, Satellite social workers help patients access both Satellite and community support resources to lighten their burden. This program provided more than $800,000 in assistance to patients in 2016. 2. Satellite Patient Trust Fund Funded annually by Satellite, and with the help of tax-deductible donations from individuals and organizations, this fund helps pay for patient expenses other than direct dialysis costs. In 2016, the fund covered more than $27,000 of expenses for patients in need. 3. American Kidney Fund (AKF) Satellite supports the AKF in their efforts to provide health insurance premium and other treatment-related financial assistance to more than 98,000 dialysis patients. In 2016, Satellite donated more than 2 million dollars to help patients in need receive health care. CKD Research Satellite research focuses on care delivery and process improvement that lead to findings that can rapidly be adopted and implemented across the CKD community. 1. Coplon Extramural Grant The Norman S. Coplon Extramural Grant Program has become one of the nation's largest private research endowments for kidney disease treatment. Since 2000, the program has funded over 15 million dollars in research to improve the lives of patients. 2016 Coplon Grant Recipients Laura Plantinga, PhD, Emory University Matthew Rivara, MD, University of Washington Bjoerg Thorsteinsdottir, MD, Mayo Clinic 2. In-House Research Satellites $150 million endowment supports applied pragmatic clinical research. Due to a formalized and inclusive process of topic selection, many research ideas originate with direct patient care teams at Satellite locations. For a partial list of recently completed research efforts, visit satellitehealth.com/research. For example, 2 centers conducted research on a new therapy that involves laughter during hemodialysis. The LOL HD program brings together elements of laughter, activity, meditations and deep breathing exercises that stimulate better mood and decreases anxiety. 3. Contract Research An integral part of Satellite Research continues to be participating in phase II and III clinical trials with new promising products in the process of achieving FDA approval. Trials are chosen according to their applicability and likelihood to improve patient morbidity and mortality rates. CKD Community Involvement Professionals across Satellite departments and locations volunteer thousands of hours a year to raise awareness, promote prevention, and elevate the standard of care for dialysis patients everywhere. Fundraising, Donations, and Sponsorship 1. National Kidney Foundation (NKF) In 2016, Satellite raised and donated more than $185,000 to the National Kidney Foundation (NKF). These funds, along with Satellite volunteers, supported a number of important NKF programs including: o The Quarterly Journal Club (Nephrologist Education) o 4 KEEP Healthy CKD Screening Clinics (Prevention) o Patient Education Symposiums (Patient Education) o 48th Annual Medical Symposium and CKD Workshops (Professional Education) o Annual Authors Luncheon (Fundraising Event) o 3 Pro-to-Go Scholarships for Annual Spring Clinical Meeting (Professional Development) o Annual National Kidney Walks (CKD Awareness and Fundraising) o More than 1000 Satellite staff members participated in 11 NKF Walks. o The combined total raised topped $110,000. 2. American Kidney Fund (AKF) In 2016, Satellite donated $60,000 in support of patient-focused education programs including: o 2 Health Screenings (Prevention) o Kidney Action Day Awareness Event (Prevention) 3. Home Dialysis Central Home Dialysis Central is the Internets leading information source for home dialysis information and support. In 2016, Satellite donated $10,000 to help them fulfill their mission to education ESRD patients on dialysis modality options and support those who choose home dialysis. 4. Between the Bay Area Association of Kidney Patients (BAAKP) BAAKPs mission is to education and support San Francisco Bay Area people with CKD. In 2016, Satellite donated costs associated with the video documentation at four, three-hour patient educational presentations, for a total of $12,000. 5. PKD Foundation Annual Walk for PKD Satellite staff, patients and families collected pledges and participated in 11 walks, including walks in Chicago, Houston, San Francisco, and Philadelphia, to raise funds for kidney related research. Industry Leadership In 2016, more than 40 Satellite Healthcare employees took a leadership role in more than a dozen organizations. Working with colleagues across the nation, these volunteers are helping define the future of CKD patient care. A partial list of these organizations include: Renal Physicians Association (RPA) Texas Renal Coalition American Association of Kidney Patients National Association of Nephology Technicians and Technologists NKF Council on Renal Nutrition NKF Council of Nephrology Social Workers American Nephology Nurses Association American Society of Nephology Public & Patient Health Education Satellite empowers people with information on CKD prevention, modality options, and dialysis lifestyle support. 1. Local Community Health Fairs Satellite provided funds and in-kind donations to support CKD education at more than 8 local community events in 2016. Employees donate time, expertise, and passion to staff booths, pass out flyers, and participate in health screenings. 2. Treatment Options Classes In small group settings using carefully developed communication materials, Satellite staff helps CKD dialysis patients and their families understand treatment options. With the advice and consent of their nephrologist, this training helps patients choose a treatment modality to best fit the life the want to live. 3. Online CKD Information and Support a. KidneysDoThat.org Satellite hosts a pre-CKD public health education website that offers simple explanations on how kidneys work and tips on how to keep them healthy. b. SatelliteHealth.com/for-patients-families Satellites company website was built and is maintained with the express intent to provide new patients and their families with easy information and helpful links to credible sources. c. Facebook.com/SatelliteHealthcare Rather than a channel to promote Satellite services, Satellites Facebook page was created to provide a reliable source of C 3275354 1097900 10165 Patient and Community Programs included: Research Programs: $2,177,454 Research Grants: $1,097,900 SEE THE COMMUNITY BENEFIT REPORT IN SCHEDULE O FOR ADDITIONAL INFORMATION 162140457 true false false true false false false false false false true false true true true true false true false false true true false false false false false true false true false false false true false true false false false false false false true true true true false false true 344 0 true 2281 true true true false false false false false false false false false X 8 5 false false false false false false false true true false false true true true true true true true true true false CA X HARITA BAJAJ 6504043600 300 SANTANA ROW SUITE 300 san jose CA 95128 RICHARD J BARNETT PRESIDENT & CEO 40.0 0.0 X X 1017617 0 145708 WILLIAM J LONG CHAIRMAN 1.0 0.0 X 195000 0 0 LUIS ALVAREZ DIRECTOR 1.0 0.0 X 82138 0 0 GLEN CHERTOW DIRECTOR 1.0 0.0 X 43500 0 0 ROBERT FAHLMAN DIRECTOR 1.0 0.0 X 9000 0 0 CHRISTOBEL SELECKY DIRECTOR 1.0 0.0 X 46500 0 0 JOHN PANETTA DIRECTOR 1.0 0.0 X 45000 0 0 THOMAS WILLIAMS DIRECTOR 1.0 0.0 X 46500 0 0 SUSAN DEL BENE SECRETARY & CFO 40.0 0.0 X 556185 0 99639 BRIGITTE SCHILLER MORAN CHIEF MEDICAL OFFICER 40.0 0.0 X 639272 0 178327 DAVE CARTER COO 40.0 0.0 X 627829 0 116024 GLENN A DAVIS CHIEF INNOVATION OFFICER 40.0 0.0 X 495322 0 101500 SERGEY MUZA VP INFORMATION TECHNOLOGY 40.0 0.0 X 410599 0 88844 ESTRELLA MARIA PARKER VP CHIEF HR OFFICER 40.0 0.0 X 373455 0 46648 MARSHA DODD CHIEF BI OFFICER 40.0 0.0 X 339566 0 37984 FRANK E JESSE VP REAL ESTATE & FACILITIES 40.0 0.0 X 331065 0 46676 Rosemary Fox VP Dialysis Operations 0.0 0.0 X 278193 0 -1765 Ann Robar VP Wellbound Facilities 0.0 0.0 X 205392 0 19913 5742133 0 879498 297 true true false Barnett Medical Services PO Box 4436 HAYWARD CA 94540 BIOHAZARD WASTE MGMT 1090058 Capital Nephrology Associates PO Box 81626 AUSTIN CA 78708 MEDICAL DIRECTOR 864164 Alvarez Marsal Corporate Performa 600 Madison Avenue NEW YORK NY 10022 CONSULTING SERVICES 689752 The Kaiser Permanente Medical Group PO Box 745768 LOS ANGELES CA 90074 MEDICAL DIRECTOR 490854 Ni2 Health LLC 17424 34th Dr SE BOTHELL WA 98012 Consulting Services 419350 34 0 DIALYSIS/ANCILLARY 621400 191711011 191711011 CHARITY CARE 621400 -816513 -816513 LABORATORY SERVICES 541900 5835848 2335964 3499884 MANAGEMENT FEES 561000 15387816 15387816 212118162 735192 66643 668549 0 0 0 0 0 165803252 7000000 135414134 143434 30389118 6856566 37245684 37245684 0 0 0 0 0 0 0 0 0 ADMINISTRATIVE SERVICES 900099 225000 225000 OTHER INCOME 900099 147678 147678 372678 250471716 208618278 3791527 38061911 2468609 2468609 0 117900 117900 0 3848239 3848239 0 72405672 53191268 19214404 2173342 1880329 293013 26218161 14966908 11251253 5748852 4334578 1414274 0 642369 642369 387536 42994 344542 65000 65000 0 0 22266629 9207852 13058777 1803180 495 1802685 2633833 1177026 1456807 1523492 866095 657397 0 14773259 14475033 298226 3393649 401413 2992236 0 35382 2230 33152 252483 252483 0 14380278 7152181 7228097 1633107 1271032 362075 MEDICAL SUPPLIES 45837584 44661179 1176405 LAB SERVICES 3543915 3543915 INCOME TAX -586011 56519 -642530 BAD DEBT EXPENSE 2315461 2315461 7773 7440 333 227889694 162140457 65749237 0 8558674 4689525 21117396 17797957 0 0 46052826 47515166 0 471250 0 0 0 0 1829644 2761789 3167852 3857552 166326461 97528260 71921882 68798201 165601857 169293550 8916980 7387119 81030370 81943142 43665089 42701512 17341402 24045149 469203972 471261912 39356309 37514190 0 0 0 0 0 0 0 0 0 0 14500009 9700009 0 0 504660 424305 54360978 47638504 X 414842994 423623408 0 0 0 0 414842994 423623408 469203972 471261912 X 22582022 -23200593 9398985 X false true X true false X Part I, Line 3 Satellite Healthcare Inc.(SHI) does not meet the definition of a hospital for the purpose of Schedule H. SHI is not required to be licensed, registered, or similarly recognized by the state as a hospital, therefore a Schedule H is not required to be completed. false false false false false false false false true 54750 54750 false Part II-B Satellite Healthcare Inc. is a member of various medical associations. Line 1i represents the portion of membership dues allocable to lobbying activities. 5582472 5582472 17387696 8323160 9064536 51055296 25687196 25368100 90584998 63517904 27067094 1715999 1715999 68798201 PROGRAM-RELATED JOINT VENTURES 81943142 F 81943142 DEPOSITS 1000082 OTHER ASSETS 3475000 DUE FROM AFFILIATES 19570067 24045149 0 DEFERRED AMORTIZATION 26633 DEFERRED RENT 397672 424305 X ASC 740 The Company has evaluated its current tax positions and has concluded that as of December 31, 2016 and 2015, the Company does not have any significant uncertain tax positionS for which a reserve would be necessary. true North America Grantmaking 117900 117900 117900 North America Research 117900 check 1 true false true true false false Schedule F, part 1, line 3, Column F The accrual method of accounting was used to determine the amounts in column (F) Schedule F, Part I, Line 1 Research grantees are selected by Satellite Healthcare's Scientific Advisory Board. By November 30 of each calendar year, the principal investigator must send 1) a two page abstract summarizing the progress of the funded research, and 2) an updated list of all current and pending support, including specific aims, key personnel, direct and indirect budget costs, and other pertinent information. Continued funding will be contingent upon the Scientific Advisory Board's satisfaction regarding the progress of the funded research and lack of duplication between Satellite research funding and funding from other sources. The final payment will be contingent upon the principal investigator complying with all conditions of the award. Satellite Healthcare Inc. sponsors an Annual Symposium each year. The purpose of this symposium is to provide a forum for researchers supported by the extramural grants program to share their findings with peers and members of the Scientific Advisory Board, and receive constructive feedback, and participate in a free exchange of ideas. To this end, each grant recipient must commit to attend the Annual Symposium in its entirety and incorporate their new findings into a lecture that covers progress in their field of interest. Failure of the Principal investigator or designee to attend the Annual Symposium may result in forfeiture of continued funding. true Mayo Clinic PO BOX 860334 Minneapolis MN 554860334 416011702 501c(3) 100000 Research Grant University of Washington 1959 NE Pacific Street Box 356521 Seattle WA 981956521 966001537 501c(3) 100000 Research Grant Emory University School of Medicine 1639 Pierce Drive Suite 338B Atlanta GA 30322 580566256 501c(3) 100000 Research Grant Vanderbilt University Medical Center 1161 21st Avenue South MCN S-3223 Nashville TN 372322372 620476822 501c(3) 100000 Research Grant Columbia University Medical Center 622 W 168th Street PH4-124 New York NY 10032 135598093 501c(3) 100000 Research Grant Stanford University School of Medicine 777 Welch Road Suite DE Palo Alto CA 94304 941156365 501c(3) 100000 Research Grant Mayo Clinic 200 First Street SW Rochester MN 55905 416011702 501c(3) 100000 Research Grant John Hopkins University School of Medicine 301 Mason F Lord Drive Suite 2500 Baltimore MD 21224 520595110 501c(3) 100000 Research Grant American Kidney Fund 11921 Rockville Pike Suite 300 Rockville MD 20852 237124261 501c(3) 180000 Research Grant American Kidney Fund 11921 Rockville Pike Suite 300 Rockville MD 20852 237124261 501c(3) 1242527 Kidney Disease Columbia University 116th street broadway New York NY 10032 135598093 501c(3) 19419 Student Scholarship American Association of Kidney Patients Tampa 14440 Bruce B Downs Blvd Tampa FL 33613 112306416 501c(3) 10000 Kidney Disease American Nephrology Nurses Association East Holly Avenue Box 56 Pitman NJ 080710056 237189008 501c(3) 15000 Home Therapies Workshop SUCCESSFUL COMPREHENSIVE HOME DIALYSIS PROGRAM "THE ROAD HOME" National Kidney Foundation 131 Steuart Street Suite 425 San Francisco CA 94105 131673104 501c(3) 164500 Kidney Disease Oakland Museum of CA 1000 Oak Street Oakland CA 94607 453138892 501c(3) 7500 Community Benefit Indiana University Office of Research 980 Indiana Avenue Room 2232 Indianapolis IN 462022915 351990726 501c(3) 15000 Home Symposium - The Road 15 0 Schedule I, part I, line 2 Research grantees are selected by Satellite Healthcare's Scientific Advisory Board. By November 30 of each calendar year, the principal investigator must send 1) a two page abstract summarizing the progress of the funded research, and 2) an updated list of all current and pending support, including specific aims, key personnel, direct and indirect budget costs, and other pertinent information. Continued funding will be contingent upon the Scientific Advisory Board's satisfaction regarding the progress of the funded research and lack of duplication between Satellite research funding and funding from other sources. The final payment will be contingent upon the principal investigator complying with all conditions of the award. Satellite Healthcare Inc. sponsors an Annual Symposium each year. The purpose of this symposium is to provide a forum for researchers supported by the extramural grants program to share their findings with peers and members of the Scientific Advisory Board, and receive constructive feedback, and participate in a free exchange of ideas. To this end, each grant recipient must commit to attend the Annual Symposium in its entirety and incorporate their new findings into a lecture that covers progress in their field of interest. Failure of the Principal investigator or designee to attend the Annual Symposium may result in forfeiture of continued funding. X X X X true true false false false false false false false RICHARD J BARNETT PRESIDENT & CEO 538142 0 467475 0 12000 0 115071 0 30637 0 1163325 0 0 0 WILLIAM J LONG CHAIRMAN 195000 0 0 0 0 0 0 0 0 0 195000 0 0 0 SUSAN DEL BENE SECRETARY & CFO 321673 0 228512 0 6000 0 80435 0 19204 0 655824 0 0 0 BRIGITTE SCHILLER MORAN CHIEF MEDICAL OFFICER 380326 0 234373 0 24573 0 149430 0 28897 0 817599 0 0 0 DAVE CARTER COO 354947 0 260382 0 12500 0 87126 0 28898 0 743853 0 0 0 GLENN A DAVIS CHIEF INNOVATION OFFICER 296176 0 199146 0 0 0 76996 0 24504 0 596822 0 0 0 SERGEY MUZA VP INFORMATION TECHNOLOGY 248739 0 155860 0 6000 0 75785 0 13059 0 499443 0 0 0 ESTRELLA MARIA PARKER VP CHIEF HR OFFICER 276455 0 48018 0 48982 0 18849 0 27799 0 420103 0 0 0 MARSHA DODD CHIEF BI OFFICER 255826 0 83740 0 0 0 27140 0 10844 0 377550 0 0 0 FRANK E JESSE VP REAL ESTATE & FACILITIES 219314 0 111376 0 375 0 13028 0 33648 0 377741 0 0 0 Rosemary Fox VP Dialysis Operations 0 0 0 0 278193 0 -1765 0 0 0 276428 0 0 0 Ann Robar VP Wellbound Facilities 0 0 0 0 205392 0 19913 0 0 0 225305 0 0 0 Schedule J, Part I, Line 4a The following listed persons received payments pursuant to a severance plan providing payments for one year after termination of employment: Rosemary Fox - $276,428 Ann Roblar - $225,305 Schedule J, Part I, Line 4b Certain persons listed on Form 990 Part VII participated in a section 457(F) nonqualified deferred compensation plan. No payments were made during the year. Schedule J, Disclosure In addition to their compensation as board members, Luis Alvarez and William Long received payments for consulting services. Estrella Maria Parker VP Chief Human Resources Officer Relocation X 225000 183750 false false true Dave Carter Chief Operating Officer Relocation X 300000 287500 false false true 471250 William J Long Board Chairman 105000 consulting services false PART VI Section B, Line 11B The organization's accounting department worked closely with the outside accounting firm it engaged to prepare the return. The final draft of the Form 990 was reviewed by the Controller, CFO, and the audit committee. A complete copy of the return was provided to the entire voting Board before the return was filed with the Internal Revenue Service. PART VI, Section B, Line 12C The Satellite Healthcare Board of Directors is charged with monitoring proposed or ongoing transactions for conflicts of interest and addressing any potential or actual conflicts. Pursuant to the Conflicts of Interest Policy of Satellite Healthcare Inc., an annual conflict of interest disclosure statement, aimed at determining any family and business relationships and transactions or other transactions that may pose a potential conflict, is distributed to all covered persons (i.e., board members, officers and executive leadership or key employees). Covered persons are required to disclose real or potential conflicts at the time when such conflicts arise. When someone becomes a covered person and annually thereafter, each covered person is required to sign a statement affirming that he/she: (1) has received a copy of the Conflict of Interest Policy; (2) has read the Policy and understands said Policy; and (3) agrees to comply with all requirements of the Policy, including completing the conflicts of interest questionnaire. The completed questionnaires are reviewed by the Satellite Healthcare Board of Directors and any persons with actual or potential conflicts are informed via written communication. The procedures for addressing any conflict of interest includes, but is not limited to, the following: (1) the conflicting interest is fully disclosed to the Board; (2) the interested person responds to factual questions related to the substance of the transaction or arrangement being considered, after which he/she shall leave the meeting; (3) the person with the conflict of interest is excluded from the discussion and approval of such transaction; (4) alternatives to the proposed transaction are investigated, competitive bids or comparable valuations are obtained; (5) any conflicting issues during the course of a Board meeting which cannot be resolved is referred to the Governance Committee; and (6) the transaction or action must be approved by a majority of disinterested persons. PART VI, Section B, Line 15 For 2016 compensation, The Board appointed a Compensation Committee, comprised solely of independent directors (none of which have a conflict of interest with respect to the compensation arrangement), to be accountable for setting reasonable compensation packages for each officer or key employee, including the CEO. The Compensation Committee developed, consistent with the organization's philosophy and principles, the annual performance goals and criteria to be used in determining merit increases and variable compensation criteria for officers and key employees. The Compensation Committee also hired a qualified independent compensation and benefits specialist (independent expert) to review, analyze and provide benchmarking data for the total compensation and benefits packages of officers and key employees. Appropriate comparability data was obtained from the independent experts, i.e., total economic benefits paid by similarly situated organizations (both taxable and tax-exempt) for similar job responsibilities. The Committee's written records include the (1) terms of the arrangement with the disqualified person (including the date the arrangement was approved); (2) a list of members present during the debate on the transaction (and how the members voted when it was approved); and (3) a description of the comparable data relied on by the Committee. Key deliberations of the Committee are also documented in minutes which are approved at the next Committee meeting. PART VI, Section B, Line 16B While Satellite Healthcare, Inc. has not adopted a written policy or procedure requiring steps be taken to safeguard its tax-exempt status when entering into Joint Venture agreements, by practice, it only enters into such agreements where 1) Satellite Healthcare, Inc. is the managing partner and 2) specific language has been added to the Joint Venture agreement which states that the Joint Venture will follow Satellite Healthcare, Inc.'s charitable mission and remain in-line with those principals. An example of the typical language used is as follows: Section 1.2 Charitable Purposes. The LLC and the Center shall at all times be operated and managed in a manner that furthers the charitable and community-based healthcare purposes, mission, vision and values of Satellite. The LLC and the Center shall be operated and managed in a manner that: (a) provides access to patient care services based on medical necessity, without regard to characteristics such as a person's race, religion, creed, national origin, gender, age, sexual orientation, physical or mental disability, payor source or ability to pay; (b) establish, maintain and communicate its financial assistance policies and procedures for the Center that are consistent with Satellite's policies and procedures; (c) provides access to patient care services to individuals covered by Medicare, Medicaid/Medi-Cal and other federal and state governmental payment programs; and (d) will not, in the reasonable opinion of Satellite, on advice of Satellite's legal and/or tax counsel, cause Satellite to act other than exclusively in furtherance of its tax exempt purposes, adversely affect its exempt status under Section 501(c)(3) of the Code or cause its share of the LLC's income to be taxed as "unrelated business taxable income" within the meaning of Section 511 of the Code. Part VI, Section C, Line 19 While federal tax laws do not mandate that the organization's governing documents, conflict of interest policy and financial statements be made available for public inspection, the organization makes its financial statements available upon request. PART XI, Line 9, Other Changes in net assets or fund balance Current Year Reclass of negative investments $ 23,409,787 Schedule K-1 Additions $ (3,566,527) Intercompany Transfers $ (9,826,502) Goodwill Impairment $ (617,773) ---------------------------------------------------------- Total changes in net assets $ 9,398,985 Satellite Healthcare Central States LLC 300 Santana Row SUITE 300 San Jose CA 95128 205475344 dialysis CA 53730335 55281868 SATELLITE Wellbound LLC 300 Santana row SUITE 300 San Jose CA 95128 364510754 DIALYSIS CA 5250995 25234470 SATELLITE Wellbound of Emeryville LLC 300 Santana Row SUITE 300 San Jose CA 95128 201536908 DIALYSIS CA 9949334 2432049 Wellbound Wellbound of San Jose LLC 300 Santana Row SUITE 300 San Jose CA 95128 800060772 DIALYSIS CA 8472472 1773262 Satellite Wellbound of Vallejo LLC 300 Santana Row SUITE 300 San Jose CA 95128 562590049 DIALYSIS CA 3020123 998854 Wellbound WELLBOUND OF HOUSTON llc 300 Santana Row SUITE 300 San Jose CA 95128 640949650 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