2022-08-10T07:13:58-05:00 2021-09-30 440160260 FORVIS LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2020-10-01 510191937 THE FOUNDATION OF FIRSTHEALTH INC FOUN 9106957500 155 MEMORIAL DRIVE PINEHURST NC 28374 JEFFREY CASEY CORPORATE CFO 9106957500 2022-08-05 1 JEFFREY CASEY 999009999 AMY BIBBY P00445891 8282542254 2022-08-05 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z KATHLEEN STOCKHAM 155 MEMORIAL DRIVE PINEHURST NC 28374 18623339 0 X WWW.FIRSTHEALTH.ORG/FOUNDATION X 1976 NC PROVIDE PHILANTHROPIC SUPPORT OF FIRSTHEALTH OF THE CAROLINAS, INC. 25 21 0 136 0 0 3547518 5326431 0 0 2583589 3925253 -12572 3472 6118535 9255156 1510306 6287121 0 0 822279 651750 0 0 2046 1572751 543473 3905336 7482344 2213199 1772812 82841471 97006378 3921535 2875726 78919936 94130652 X PROVIDE PHILANTHROPIC SUPPORT TO FIRSTHEALTH OF THE CAROLINAS, INC., A HEALTHCARE SYSTEM EXEMPT FROM INCOME TAX UNDER IRS SECTION 501C(3) AND 170(B)(1)(A)(III). 0 0 6877514 6287121 THE FOUNDATION OF FIRSTHEALTH, INC. ("FOUNDATION") PROVIDES PHILANTHROPIC SUPPORT TO THE OPERATING ENTITIES AND BUSINESS LINES OF FIRSTHEALTH OF THE CAROLINAS, INC. ("FIRSTHEALTH"), A NOT-FOR-PROFIT HEALTHCARE SYSTEM. THIS FY 2021 PHILANTHROPIC SUPPORT INCLUDED $6,287,121 IN GRANTS TO FIRSTHEALTH FOR OPERATIONAL SUPPORT OF EXISTING PATIENT CARE FACILITIES AND SERVICES, PHYSICIAN AND CLINICAL STAFF EDUCATION, AND OTHER APPROVED OPERATIONAL NEEDS. SIGNIFICANT FY 2021 DISBURSEMENT FROM THE FOUNDATION TO FIRSTHEALTH INCLUDED, BUT WERE NOT LIMITED TO:- $3,500,000 PAID TOWARD THE PURCHASE OF A NEW LINEAR ACCELERATOR FOR THE NEW COMPREHENSIVE CANCER CENTER.- $899,556 PAID BY THE FIRSTHEALTH HOSPICE FOUNDATION TO COVER THE FY 2019 AND FY 2020 OPERATING LOSSES OF THE FIRSTHEALTH HOSPICE HOUSE (INPATIENT FACILITY) AND PROVIDE FOR THE MAINTENANCE OF THE HEALING GARDENS AT THE HOSPICE HOUSE.- $300,332 TO COVER THE OPERATING DEFICIT OF THE CLARA MCLEAN HOSPITALITY HOUSE ("CLARA'S HOUSE") LOCATED ON THE FIRSTHEALTH MOORE REGIONAL HOSPITAL - PINEHURST CAMPUS AND TO OFFSET THE COST OF COMMUNITY PROGRAMS HELD AT THE FACILITY. - $260,000 PAID TOWARD THE ESTABLISHMENT AND EXPANSION OF FIRSTHEALTH'S PALLIATIVE CARE, TO OFFSET SOME OF THE FY 2019 AND FY 2020 PATIENT CARE COSTS NOT PAID THROUGH MEDICARE AND MOST COMMERCIAL INSURANCE COMPANIES. - $231,288 PAID IN SUPPORT OF THE FIRSTHEALTH PHYSICIAN'S LEADERSHIP ACADEMY PROGRAM AND THE OFFICE OF PROVIDER WELLBEING. - $183,640 DISBURSED FROM THE CANCER CARE FUND TO ASSIST PATIENTS WITH DIFFERENT TYPES OF CANCER WITH THE COST OF MEDICATION CO-PAYS, GAS MONEY, ARRANGING SPECIAL TRANSPORTATION NEEDS, SPECIAL NUTRITIONAL NEEDS, ETC. - $154,537 PAID TO FIRSTHEALTH MOORE REGIONAL HOSPITAL IN SUPPORT OF NUMEROUS NURSING EDUCATION PROGRAMS, NURSING ENRICHMENT PROGRAMS, EXTERNAL PROFESSIONAL CONFERENCES, ETC. AND FOR ONGOING MAGNET TRAINING. - $250,824 TO PROVIDE UNDERINSURED CHILDREN WITH QUALITY DENTAL CARE AND OUTSIDE PROFESSIONAL DENTAL SERVICES FOR NEEDED DENTAL SURGERIES; - $157,704 PAID IN SUPPORT OF THE FIRSTHEALTH HOME CARE'S COMPLEX CARE MANAGEMENT PROGRAM.- $87,816 DISBURSED BY THE FIRSTHEALTH RICHMOND MEMORIAL HOSPITAL FOUNDATION IN SUPPORT OF HEALTH SERVICES PROVIDED TO THE RESIDENTS OF RICHMOND COUNTY. - $87,141 DISBURSED BY THE FIRSTHEALTH MONTGOMERY MEMORIAL HOSPITAL FOUNDATION IN SUPPORT OF HEALTH SERVICES PROVIDED TO THE RESIDENTS OF MONTGOMERY COUNTY.DURING FISCAL YEAR 2021, CLARA'S HOUSE HOSTED 376 GUESTS WHO STAYED A TOTAL OF 707 ROOM NIGHTS. 289 OF THOSE GUESTS WERE FIRST TIME VISITORS. GUESTS TRAVELED A MEAN DISTANCE OF 87.5 MILES TO CLARA'S HOUSE WITH AN AVERAGE LENGTH OF STAY OF 2.5 NIGHTS. DUE TO THE COVID-19 PANDEMIC, CLARA'S HOUSE REMAINED OPENED IN 2021 AT A LIMITED CAPACITY OF 6 ROOMS AND HOUSED ONLY CANCER AND SURGICAL PATIENTS. WITH LODGING BEING CAREFULLY SUPERVISED, CLARA'S HOUSE PROVIDED MEETING SPACE FOR FIRSTHEALTH CLINICIANS TO LEARN, GROW AND GET AWAY FROM THE HOSPITAL ENVIRONMENT TO UNLOAD AND WIND DOWN. ADDITIONALLY, SHADOWLAWN WAS UTILIZED TO HOST PROGRAMMING FOR FIRSTHEALTH PHYSICIANS AND NURSES THROUGH THE PHYSICIAN LEADERSHIP ACADEMY AND THE NURSING LEADERSHIP PROGRAM. CLARA'S HOUSE IS HOME TO THE CENTER FOR PROVIDER WELLBEING, WHICH PROVIDES PSYCHOSOCIAL SUPPORT AND RESILIENCE TRAINING FOR FIRSTHEALTH PHYSICIANS AND NURSES SO THAT THEY CAN CARE FOR THEMSELVES AND CONTINUE TO CARE FOR OUR PATIENTS. SOME COMMUNITY PROGRAMMING RETURNED IN JULY 2021, TO INCLUDE ONCOLOGY ART THERAPY AND THE ONCOLOGY SUPPORT GROUP. CENTERING PRAYER, CLARA'S BOOK CLUB AND THE HEALING GARDEN VOLUNTEERS CONTINUED TO MEET. 6877514 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 X 25 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JEFFREY CASEY CORPORATE CFO 9107151561 155 MEMORIAL DRIVE PINEHURST NC 28374 ART MEDEIROS CHAIR 2.00 X 0 0 0 JON DEVAULT PAST CHAIR 2.00 X 0 0 0 CATHY SCHLAFF SECRETARY 2.00 X 0 0 0 KAREN FITCH ASST. SECRETARY 2.00 X 0 0 0 RON SCHUCH TREASURER 2.00 X 0 0 0 ROBERT BAHNER MD MEMBER 1.00 X 0 0 0 ART EDGERTON MD MEMBER 1.00 X 0 0 0 JOH ELLIS MD MEMBER 1.00 X 0 0 0 CONNIE FENSTERSTOCK MEMBER 1.00 X 0 0 0 CINDY GOODMAN MEMBER 1.00 X 0 0 0 KERRY HENSLEY MEMBER 1.00 X 0 0 0 RICH HOLADA MEMBER 1.00 X 0 0 0 JAMES J JACKSON MEMBER 1.00 X 0 0 0 NANCY KAESER MEMBER 1.00 X 0 0 0 ROBERT LOVELL MEMBER 1.00 X 0 0 0 JAMES OBI MEMBER 1.00 X 0 0 0 KITTI PYNE MEMBER 1.00 X 0 0 0 BECKY SMITH MEMBER 1.00 X 0 0 0 ROBERT SPONZO MD MEMBER 1.00 X 0 0 0 MICKEY FOSTER EX-OFFICIO MEMBER 49.00 X X 0 1081851 173019 DANIEL BARNES DO EX-OFFICIO MEMBER 49.00 X X 0 684928 29384 REBECCA CARTER EX-OFFICIO MEMBER 49.00 X X 0 307543 20552 JACKLYNN LESNIAK EFF 42021 EX-OFFICIO MEMBER 49.00 X X 0 0 0 KAREN ROBEANO RETIRED 62021 EX-OFFICIO MEMBER 49.00 X X 0 379573 834 CAROLYN HELMS EX-OFFICIO MEMBER 1.00 X 0 0 0 KATHY STOCKHAM PRESIDENT, FOUNDATION 50.00 X X 0 351321 28520 JEFFREY CASEY CORPOATE CFO 49.00 X 0 558306 29330 0 3363522 281639 0 0 1 0 0 8405 5318026 890098 5326431 2274049 2274049 11016234 9365030 1651204 1651204 1651204 6625 8405 3153 3472 3472 9255156 0 0 3928725 6287121 6287121 601891 146062 455829 49859 12099 37760 87985 87985 103053 83962 19091 38589 34424 2119 2046 313846 313846 7482344 6877514 602784 2046 695073 2410646 6424738 2848002 3887631 3576736 78258767 89079631 0 1939365 82841471 97006378 945077 354260 2976458 2521466 3921535 2875726 X 36220286 41508284 42699650 52622368 78919936 94130652 82841471 97006378 1772812 13405588 32316 0 X X 0 1 X 1 0 X X 1 FIRSTHEALTH OF THE CAROLINAS INC 561936354 3 1 6287121 6877514 1 6287121 6877514 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23154735 2932664 3623390 1324539 28386250 21949091 1268821 1011725 1074902 23154735 21622455 247990 406082 327436 21949091 18339797 2385917 1011341 114600 21622455 17030422 50000 1965128 705753 18339797 1.00000 0 0 182187 182187 4945625 1866549 3079076 979414 717605 261809 317512 263848 53664 3576736 ANNUITY OBLIGATIONS 2393866 DUE TO AFFILIATES 127600 2521466 X 22608228 13405588 32316 3153 13441057 9167171 87985 87985 9255156 7397512 3153 3153 7394359 87985 87985 7482344 PART V, LINE 4: THE CORPUS OF THE PERMANENTLY-RESTRICTED ENDOWMENT FUNDS ARE TO BE HELD INTACT IN-PERPETUITY. INVESTMENT INCOME GENERATED ON TEMPORARILY AND PERMANENTLY-RESTRICTED ENDOWMENT IS AVAILABLE FOR THE PURCHASE OF EQUIPMENT, HEALTH EDUCATION, AND/OR HEALTH CARE SERVICES PROVIDED BY THE FIRSTHEALTH OF THE CAROLINAS, INC.'S OPERATING ENTITIES AND BUSINESS LINES. PART X, LINE 2: THE FOUNDATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 (THE "CODE") AND AS A PUBLIC CHARITY UNDER SECTION 509(A) OF THE CODE. CONTRIBUTIONS TO THE FOUNDATION QUALIFY FOR A CHARITABLE CONTRIBUTION DEDUCTION TO THE EXTENT PROVIDE BY LAW. THE FOUNDATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE FOUNDATION FOLLOWS THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS, WHICH CLARIFIES THE ACCOUNTING UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR THE FINANCIAL STATEMENTS RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THIS STANDARD HAS HAD NO SIGNIFICANT IMPACT ON THE FINANCIAL STATEMENTS OF THE FOUNDATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 3,153. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 3,153. X X 1 IN 8K RACE 15030 8405 6625 1837 1316 15030 8405 6625 1837 1316 3153 3472 1 FIRSTHEALTH OF THE CAROLINAS INC 155 MEMORIAL DRIVE PINEHURST NC 28374 561936354 501(C)(3) 6287121 FMV MEDICAL EQUIPMENT, HEALTH EDUCATION, HEALTH CARE SERVICES 1 0 PART I, LINE 2: A FORMAL GRANT APPLICATION IS COMPLETED IN SUPPORT OF EACH GRANT REQUEST SUBMITTED TO THE FOUNDATION OF FIRSTHEALTH, INC.. THE APPLICATION MUST BE APPROVED BY A SENIOR MEMBER OF MANAGEMENT OF FIRSTHEALTH OF THE CAROLINAS, INC.. PRIOR TO SUBMISSION. THE FOUNDATION OF FIRSTHEALTH'S GRANT REVIEW COMMITTEE REVIEWS EACH APPLICATION AND APPROVES/REJECTS EACH FOR FUNDING. IF A GRANT AWARD IS MADE, THE GRANTEE SUBMITS A REPORT TO THE GRANT REVIEW COMMITTEE DETAILING THE USE OF THE GRANT PROCEEDS AND THE BENEFITS RECOGNIZED. 0 0 0 0 0 0 0 0 0 MICKEY FOSTER EX-OFFICIO MEMBER 0 666004 0 382902 0 32945 0 158029 0 14990 0 1254870 0 0 DANIEL BARNES DO EX-OFFICIO MEMBER 0 460436 0 169341 0 55151 0 14500 0 14884 0 714312 0 0 JEFFREY CASEY CORPOATE CFO 0 353934 0 151583 0 52789 0 14500 0 14830 0 587636 0 0 KAREN ROBEANO RETIRED 62021 EX-OFFICIO MEMBER 0 256576 0 95171 0 27826 0 0 0 834 0 380407 0 0 KATHY STOCKHAM PRESIDENT, FOUNDATION 0 235296 0 89135 0 26890 0 13565 0 14955 0 379841 0 0 REBECCA CARTER EX-OFFICIO MEMBER 0 202841 0 77751 0 26951 0 11600 0 8952 0 328095 0 0 PART II: ALL EMPLOYEES OF THE FOUNDATION OF FIRSTHEALTH, INC. ARE LEASED FROM FIRSTHEALTH OF THE CAROLINAS, INC. FIRSTHEALTH'S BOARD OF DIRECTORS DETERMINES COMPENSATION FOR THE CEO THROUGH ITS COMPENSATION COMMITTEE ("COMMITTEE"). THE COMMITTEE IS COMPOSED OF BOARD MEMBERS WHO ARE INDEPENDENT OF FIRSTHEALTH MANAGEMENT, HAVE NO PERSONAL INTEREST IN THE COMPENSATION ARRANGEMENTS, ARE NOT RELATED TO OR UNDER THE CONTROL OF ANY INDIVIDUAL WHOSE COMPENSATION ARRANGEMENT IS BEING REVIEWED, HAVE NO MATERIAL BUSINESS RELATIONSHIP WITH FIRSTHEALTH, AND ARE NOT PAID FOR THEIR SERVICES AS A BOARD MEMBER. THE COMMITTEE RETAINS AN INDEPENDENT CONSULTANT TO CONDUCT PERIODIC COMPENSATION ANALYSES TO HELP ENSURE FIRSTHEALTH'S COMPENSATION PRACTICES AND COMPENSATION LEVELS ARE REASONABLE. THIS CONSULTANT PROVIDES ONLY ADVISORY SERVICES RELATED TO COMPENSATION MATTERS TO FIRSTHEALTH. TO ATTRACT AND RETAIN THE HIGHEST CALIBER OF HEALTHCARE PROFESSIONALS NEEDED TO SUSTAIN THE QUALITY OF THE HEALTHCARE FIRSTHEALTH PROVIDES TO THE COMMUNITIES THAT IT SERVES, COMPENSATION MUST BE COMPETITIVE WITH THAT PROVIDED BY OTHER COMPETING ORGANIZATIONS IN THE AREA JOB MARKET. WHEN EXECUTIVE POSITIONS ARE FILLED, FIRSTHEALTH TYPICALLY CONDUCTS NATIONAL SEARCHES. FIRSTHEALTH BENCHMARKS AGAINST ORGANIZATIONS OF COMPARABLE SIZE AND MISSION, ACROSS THE REGION AND THE NATION. MARKET DATA IS ASSEMBLED FOR ALL ELEMENTS OF EXECUTIVE COMPENSATION (I.E. CASH COMPENSATION, BENEFITS AND PERQUISITES). COMPENSATION LEVELS REFLECT THE SCOPE OF THE CEO'S RESPONSIBILITIES, EDUCATIONAL BACKGROUND, EXPERIENCE AND INDUSTRY STANDING, AS WELL AS INDIVIDUAL AND ORGANIZATION PERFORMANCE. THE MOST RECENT REVIEW WAS PERFORMED DURING FISCAL YEAR 2021. A SIMILAR PROCESS TO THAT FOR THE CEO IS AFFECTED FOR DETERMINING THE COMPENSATION OF THE OTHER CORPORATE OFFICERS OR KEY EMPLOYEES OF FIRSTHEALTH (I.E. USE OF INDEPENDENT CONSULTANT, COMPARABLE INDUSTRY DATA, ETC.). THE COMMITTEE REVIEWS AND APPROVES THE CEO'S PERFORMANCE ASSESSMENTS AND COMPENSATION RECOMMENDATIONS FOR OTHER CORPORATE OFFICER AND KEY EMPLOYEES. ALL COMPENSATION DECISIONS ARE MADE IN A MANNER THAT IS CONSISTENT WITH FIRSTHEALTH'S BOARD-APPROVED COMPENSATION PHILOSOPHY. THE MOST RECENT YEAR REVIEW WAS PERFORMED DURING FISCAL YEAR 2021. X 1 32400 APPRAISED VALUE X 9 857698 MEAN VALUE 0 1 1 PART I, LINE 32B: IN CERTAIN INSTANCES, APPLICABLE THIRD PARTIES OR RELATED ORGANIZATIONS ARE USED TO SOLICIT, PROCESS, OR SELL NON-CASH CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION OF FIRSTHEALTH, INC. ("FOUNDATION") FORM 990 WAS INITIALLY REVIEWED BY QUALIFIED MEMBERS OF THE FOUNDATION AND FIRSTHEALTH OF THE CAROLINAS, INC'S ADMINISTRATION, INCLUDING THE CORPORATE CEO AND CFO, AND COMPLIANCE DEPARTMENTS. THE ENTIRE RETURN WAS REVIEWED BY THE FOUNDATION'S BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. THE FOUNDATION'S INDEPENDENT TAX PREPARER, DIXON HUGHES GOODMAN, LLP, ALSO CONDUCTED A REVIEW OF THE RETURN DURING THEIR PREPARATION PROCESS. IN ADDITION TO THE POSTING OF THE FOUNDATION RETURN ON GUIDESTAR, A PUBLIC INSPECTION COPY OF THE FORM 990 IS MADE AVAILABLE FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION STRIVES TO MAINTAIN THE HIGHEST ETHICAL STANDARDS AND HAS ADOPTED A CONFLICT OF INTEREST/DUALITY OF INTEREST POLICY THAT APPLIES TO ANY DIRECTOR, TRUSTEE, OFFICER OR MEMBER OF A BOARD COMMITTEE, OR ANY EMPLOYEE WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST OR DUALITY OF INTEREST WITH ANY ORGANIZATION SEEKING TO DO BUSINESS WITH OR IS IN AN ACTUAL OR POTENTIAL ADVERSARIAL RELATIONSHIP WITH THE FOUNDATION. ANY COVERED INDIVIDUAL WITH AN ACTUAL OR POSSIBLE CONFLICT MUST DISCLOSE THE EXISTENCE OF THE CONFLICT TO THE DIRECTORS, TRUSTEES AND MEMBERS OF BOARD COMMITTEES WITH BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION, ARRANGEMENT OR ISSUE. EACH TRUSTEE, OFFICER OR MEMBER OF A BOARD COMMITTEE WITH BOARD-DELEGATED POWERS COMPLETES AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT, AND ALL REPORTED CONFLICTS ARE REPORTED TO AND REVIEWED BY THE FOUNDATION AND FIRSTHEALTH OF THE CAROLINAS, INC'S BOARDS OF DIRECTORS. ALL MANAGEMENT EMPLOYEES ALSO COMPLETE ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENTS, WHICH ARE SUMMARIZED AND REVIEWED WITH SENIOR MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 15 ALL EMPLOYEES OF THE FOUNDATION OF FIRSTHEALTH, INC. ARE LEASED FROM FIRSTHEALTH OF THE CAROLINAS, INC. FIRSTHEALTH'S BOARD OF DIRECTORS DETERMINES COMPENSATION FOR THE CEO THROUGH ITS COMPENSATION COMMITTEE ("COMMITTEE"). THE COMMITTEE IS COMPOSED OF BOARD MEMBERS WHO ARE INDEPENDENT OF FIRSTHEALTH MANAGEMENT, HAVE NO PERSONAL INTEREST IN THE COMPENSATION ARRANGEMENTS, ARE NOT RELATED TO OR UNDER THE CONTROL OF ANY INDIVIDUAL WHOSE COMPENSATION ARRANGEMENT IS BEING REVIEWED, HAVE NO MATERIAL BUSINESS RELATIONSHIP WITH FIRSTHEALTH, AND ARE NOT PAID FOR THEIR SERVICES AS A BOARD MEMBER. THE COMMITTEE RETAINS AN INDEPENDENT CONSULTANT TO CONDUCT PERIODIC COMPENSATION ANALYSES TO HELP ENSURE FIRSTHEALTH'S COMPENSATION PRACTICES AND COMPENSATION LEVELS ARE REASONABLE. THIS CONSULTANT PROVIDES ONLY ADVISORY SERVICES RELATED TO COMPENSATION MATTERS TO FIRSTHEALTH. TO ATTRACT AND RETAIN THE HIGHEST CALIBER OF HEALTHCARE PROFESSIONALS NEEDED TO SUSTAIN THE QUALITY OF THE HEALTHCARE FIRSTHEALTH PROVIDES TO THE COMMUNITIES THAT IT SERVES, COMPENSATION MUST BE COMPETITIVE WITH THAT PROVIDED BY OTHER COMPETING ORGANIZATIONS IN THE AREA JOB MARKET. WHEN EXECUTIVE POSITIONS ARE FILLED, FIRSTHEALTH TYPICALLY CONDUCTS NATIONAL SEARCHES. FIRSTHEALTH BENCHMARKS AGAINST ORGANIZATIONS OF COMPARABLE SIZE AND MISSION, ACROSS THE REGION AND THE NATION. MARKET DATA IS ASSEMBLED FOR ALL ELEMENTS OF EXECUTIVE COMPENSATION (I.E. CASH COMPENSATION, BENEFITS AND PERQUISITES). COMPENSATION LEVELS REFLECT THE SCOPE OF THE CEO'S RESPONSIBILITIES, EDUCATIONAL BACKGROUND, EXPERIENCE AND INDUSTRY STANDING, AS WELL AS INDIVIDUAL AND ORGANIZATION PERFORMANCE. THE MOST RECENT REVIEW WAS PERFORMED DURING FISCAL YEAR 2020. A SIMILAR PROCESS TO THAT FOR THE CEO IS AFFECTED FOR DETERMINING THE COMPENSATION OF THE OTHER CORPORATE OFFICERS OR KEY EMPLOYEES OF FIRSTHEALTH (I.E. USE OF INDEPENDENT CONSULTANT, COMPARABLE INDUSTRY DATA, ETC.). THE COMMITTEE REVIEWS AND APPROVES THE CEO'S PERFORMANCE ASSESSMENTS AND COMPENSATION RECOMMENDATIONS FOR OTHER CORPORATE OFFICER AND KEY EMPLOYEES. ALL COMPENSATION DECISIONS ARE MADE IN A MANNER THAT IS CONSISTENT WITH FIRSTHEALTH'S BOARD-APPROVED COMPENSATION PHILOSOPHY. THE MOST RECENT YEAR REVIEW WAS PERFORMED DURING FISCAL YEAR 2020. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 990 IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND ON WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE CORPORATE DOCUMENTS ARE MADE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. IN ADDITION, QUARTERLY AND ANNUAL FINANCIAL STATEMENTS ARE POSTED TO THE DIGITAL ASSURANCE CERTIFICATION (DAC) WEBSITE. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FIRSTHEALTH OF THE CAROLINAS INC 155 MEMORIAL DRIVE PINEHURST NC 28374 561936354 HEALTHCARE SERVICES NC 501(C)(3) LINE 3 N/A 0 FIRSTHEALTH PROFESSIONAL SERVICES INC 155 MEMORIAL DRIVE PINEHURST NC 28374 561885149 HEALTHCARE SERVICES NC N/A C 0 FIRSTCAROLINACARE INSURANCE COMPANY INC 42 MEMORIAL DRIVE PINEHURST NC 28374 331160597 INSURANCE COMPANY NC N/A C 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0