2016-10-26T08:47:12-05:00 2015-12-31 420714325 RSM US LLP 1 S Wacker Drive Ste 800 Chicago IL 60606 990 2015-01-01 364383840 St George Corporation STGE 7089234000 12251 S 80th Avenue Palos Heights IL 60463 Dr Terrence Moisan President 7089234000 2016-10-14 1 Wayne Harder P00294296 3126343400 2015 2017-02-10 21:41:12Z Dr Terrence Moisan 12251 S 80th Avenue Palos Heights IL 60463 1185244653 0 X N/A X 2000 IL Support Palos Community Hospital and St. George Wellness Center. 9 7 0 7 0 0 0 0 9098840 83036 45555565 53904307 605428 222072 55259833 54209415 100000 100000 0 0 9588816 0 0 0 0 10256668 3313301 19945484 3413301 35314349 50796114 575985963 751395506 10082984 2569729 565902979 748825777 X St. George's purpose is to solicit and receive contributions on behalf of Palos Community Hospital ("Hospital") and St. George Wellness Center ("Wellness Center"), support educational activities related to rendering health care services, promote scientific research relating to the care of the sick, and to support the Hospital and Wellness Center and their respective purposes. 0 0 112000 100000 83036 The St. George Corporation ("Corporation") is a supporting organization of the Palos Health System ("Palos"), which includes Palos Community Hospital ("Hospital") and St. George Wellness Center ("Wellness Center"), which are both IRC Section 501(c)(3) Organizations.During 2015, the organization supported by St. George Corporation provided service for 19,000 inpatients and 330,000 outpatients at Palos. Home Health operations provided 106,000 visits to patients in their homes and the doctors at Palos Medical Group provided 78,000 office visits. In addition, the Wellness Center served approximately 4,600 members during the year.In 2015 St. George Corporation granted $100,000 to BreaveHearts Therapeutic Riding & Education Center (BraveHearts) in support of the organization's programs and services. BraveHearts is a nonprofit organization under IRC Section 501(c)(3) that provides equine-assisted activities to children and adults with special needs. They also have the largest program of its type serving military veterans, active service members and military family members without charge. BraveHearts is recognized as a leader in developing and delivering innovative and challenging programs to veterans in addition to providing retreats for Gold Star Mothers and men and women with post-traumatic stress disorder. St. George Corporation has committed resources to the formation of Chicago Health Colleagues (CHC), a physician led, clinically integrated network (CIN) that improves the quality and cost-effectiveness of care provided at Palos. There are currently over 370 members representing 96 practices and 40 specialties, all working together to measure the effectiveness of health care services at Palos. As hospitals continue to be held more accountable for patient outcomes and cost savings, many have turned to professionally managed clinically integrated networks. CINs are commonly defined as a group of physicians working together - using proven protocols and measures - to improve patient care, decrease cost and demonstrate value. Chicago Health Colleagues was formed last year in order to help physicians practice better medicine by actively cooperating to achieve health care goals. Chicago Health Colleagues has a 21 month agreement with Palos to focus on the following areas: reducing readmissions, reducing hospital-acquired conditions, improving patient satisfaction and reducing supply costs. Educational events, data sharing and committee participation will all be part of helping CHC members collaborate with the hospital to achieve these improvements and efficiencies. 112000 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 7 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 1 1 IL X Roger Russell 7089234000 12251 S 80th Avenue Palos Heights IL 604630930 Dr Mark Sinibaldi Chairman 2.00 42.00 X X 0 329022 36426 Jason Ley Vice Chairman 1.00 X X 0 0 0 Fr Patrick O'Neill Director 1.00 1.00 X X 0 0 0 Dr Terrence Moisan President 10.00 41.00 X X 0 903888 107490 Edward Mulcahy Director 1.00 2.00 X 0 0 0 Dr Vincent Muscarello Director 1.00 X 0 0 0 Gordon B Nash Jr Director 1.00 2.00 X 0 0 0 Dr Charles Polcaster Director 1.00 2.00 X 0 0 0 Jack Vainauskas Director 1.00 2.00 X 0 0 0 Charles E Reiter III Secretary 10.00 40.00 X 0 442381 61699 Tom Honan Interim Financial Officer 40.00 X 0 389827 0 Roger Russell Treasurer 10.00 40.00 X 0 113587 14278 Hugh A Rose Former Treasurer 0.00 X 0 108174 496 0 2286879 220389 0 1 1 0 Western Asset Management Company 385 E Colorado Blvd Pasadena CA 91101 Investment Management 280914 Southeastern Asset Management Inc 6410 Poplar Ave Ste 900 Memphis TN 38119 Investment Management 251271 Montag & Caldwell Investment Counsel 3455 Peachtree Rd NE Atlanta GA 30366 Investment Management 246591 Barrow Hanley Mewhinney & Strauss Inc 2200 Ross Ave 31st Floor Dallas TX 75201 Investment Management 241520 Schroder Investment Management North Ame 875 Third Ave 22nd Floor New York NY 10022 Investment Management 227094 10 Outpatient Surgicenter 621400 83036 83036 83036 16444380 16444380 448237 226165 222072 222072 222072 1168269000 1130809073 37459927 37459927 37459927 54209415 83036 0 54126379 100000 100000 12000 12000 2945967 2945967 86309 86309 91002 91002 178023 178023 3413301 112000 3301301 0 1400 500 697981 381545 429178 0 23357 0 5626324 1538817 4216457 4087507 563731427 743615085 4881134 1084680 2005029 2226189 575985963 751395506 1924333 680475 8158651 1889254 10082984 2569729 X 565902979 748825777 565902979 748825777 575985963 751395506 X 50796114 -58067578 190194262 X 0 1 X 1 0 X X 2 Palos Commmunity Hospital 362169179 3 1 0 0 St George Wellness Center 364383845 9 1 0 0 2 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1121396 1121396 4500656 1538817 2961839 4272 4272 4087507 Due to Affiliated Organizations 1889254 1889254 X Part X, Line 2: St. George has received a determination letter from the Internal Revenue Service stating that it is exempt from the payment of income taxes under Section 501(c)(3) of the Internal Revenue Code. Accordingly, income taxes are not provided for in the accompanying consolidated financial statements. The Corporation adopted the FASB-issued guidance for accounting for uncertainty in income taxes on January 1, 2007. St. George files Form 990 (Return of Organization Exempt from Income Tax) annually. When these returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would ultimately be sustained. Examples of tax positions common to health systems include such matters as the following: the tax exempt status of each entity, the continued tax exempt status of bonds issued by the obligated group, the nature, characterization and taxability of joint venture income and various positions relative to potential sources of unrelated business taxable income (UBTI). UBTI is reported on Form 990-T, as appropriate. The benefit of a tax position is recognized in the consolidated financial statements in the period during which, based on all available evidence, management believes that it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions are not offset or aggregated with other positions. Tax positions that meet the "more-likely-than-not" recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely to be realized on settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying consolidated balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Upon the adoption of the FASB-issued guidance at January 1, 2007, and since that date through December 31, 2015, there were no unrecognized tax benefits identified and recorded as a liability. Forms 990 filed by St. George are subject to examination by the Internal Revenue Service (IRS) up to three years from the extended due date of each return. Forms 990 filed by St. George are no longer subject to examination for the years 2011 and prior. 1 Bravehearts Therapeutic Riding and Educational Center 7319 Maxon Rd Harvard IL 60033 320034746 501(c)(3) 100000 Support of general operations. 1 0 Part I, Line 2: The procedure for monitoring the use of grant funds includes a review of actual costs to budgeted costs in comparison to actual revenues received for the grant program, management of budget revisions as necessary, ongoing correspondence with the grantor and adherence to compliance to restrictions. 1 1 0 0 0 0 0 0 0 Dr Mark Sinibaldi Chairman 0 329022 0 0 0 0 0 17762 0 18664 0 365448 0 0 Dr Terrence Moisan President 0 886608 0 0 0 17280 0 84000 0 23490 0 1011378 0 0 Charles E Reiter III Secretary 0 424381 0 0 0 18000 0 40000 0 21699 0 504080 0 0 Tom Honan Interim Financial Officer 0 389827 0 0 0 0 0 0 0 0 0 389827 0 0 Hugh A Rose Former Treasurer 0 0 0 0 0 108174 0 0 0 496 0 108670 0 0 Part I, Line 3 Officers are compensated through a related entity, Palos Community Hospital ("PCH"). Palos engaged an independent consultant to complete a market analysis of executive positions. The market analysis included base rates, bonuses and benefits resulting in a total remuneration benchmark. They compared Palos executives to executives in organizations of similar size and with similar characteristics. The consultants presented their findings to the Compensation Committee of the Board. Part I, Lines 4a-b Hugh Rose received a severance package from Palos Community Hospital that was within the terms and conditions of the agreement. The severance was based on length of service and responsibilities. Additional terms and conditions of the confidential severance agreement will be provided to the IRS upon request. Amounts paid during the current period are properly reflected on the employees W-2. The following individuals particpate in a 457(f) plan and the amounts are the contributions to each plan during 2015: Dr. Terrence Moisan - $84,000 Charles E. Reiter, III - $40,000 Roger Russell - $8,125 Form 990, Part VI, Section A, line 4 The bylaws of the St. George Corporation were revised in July 2015. The requirement for the Corporate Secretary to be a member of the Board was removed. Form 990, Part VI, Section B, line 11 Senior management reviewed the Form 990 that was prepared by our tax advisors with the information we provided to them. Once reviewed by senior management it was made available to our Board prior to filing. Form 990, Part VI, Section B, line 12c On an annual basis directors, key personnel (VP, department heads (budget administrators)), and all purchasing staff must complete a Conflict of Interest Form disclosing any conflict of interest that may exist or be perceived to exist between themselves and/or family members and vendors, contractors and others Palos has a contract/transaction agreement. These annual disclosure statements of key personnel are reviewed by the VP of Human Resources. Any issue identified as part of this annual disclosure is referred to the Compliance Officer, in consultation with General Counsel, for disposition. The full Board reviewed the disclosure statements of each Director that identified an interest. Form 990, Part VI, Section B, line 15 Officers are compensated through a related entity, Palos Community Hospital ("Palos"). Palos engaged an independent consultant to complete a market analysis of executive positions. The market analysis included base rates, bonuses and benefits resulting in a total remuneration benchmark. They compared Palos executives to executives in organizations of similar size and with similar characteristics. The consultants presented their report and findings to the Compensation Committee of the Board. The independent members of the Compensation Committee approved compensation and this approval was documented in the minutes at the time of approval. Form 990, Part VI, Section C, line 19 All policies, governing documents and financial statements required to be available to the public are available upon request. Requests can be made from the Finance Department of Palos Community Hospital. Documents are available for the same period of disclosure as set forth in IRC Section 6104(d). Form 990, Part XI, line 9: Net Asset Transfer 183,015,201. Palos Medical Group - Net Asset Tranfer 7,179,061. Palos Community Hospital 12251 S 80th Avenue Palos Heights IL 60463 362169179 Hospital IL 501(c)(3) 3 St George Corporation 1 St George Wellness Center 15430 West Avenue Orland Park IL 60462 364383845 Fitness Center IL 501(c)(3) 9 St George Corporation 1 St George Assurance LTD PO Box 1159 878 W Bay Rd Grand Cayman CJ KY1-1102 981313176 Captive Insurance CJ N/A C 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 1 Palos Community Hospital P 975014 FMV Palos Community Hospital R 7510000 FMV Palos Community Hospital S 186795000 FMV