2022-05-02T13:00:10-05:00 2020-12-31 420714325 RSM US LLP 30 S Wacker Drive Ste 3300 Chicago IL 60606 990 2020-01-01 364383840 St George Corporation STGE 6305815085 11S270 S Jackson Street Burr Ridge IL 60527 Dr Terrence Moisan President & CEO 6305815085 2022-04-22 1 Dr Terrence Moisan XXX-XX-XXXX Rebekuh Eley P01247672 3126343400 2022-04-22 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z X X Dr Terrence Moisan 11S270 S Jackson Street Burr Ridge IL 60527 907093219 0 X N/A X 2000 IL Support Palos Community Hospital. 9 6 0 6 0 0 142738 17946 -176 0 61120304 83613463 247776 267797 61510642 83899206 0 0 0 0 625282 641032 0 0 0 3600526 3857722 4225808 4498754 57284834 79400452 900687763 868170914 1232510 2376288 899455253 865794626 X St. George Corporation's purpose is to solicit and receive contributions on behalf of Palos Community Hospital (Palos), 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 its respective purposes. 0 1 0 0 0 St. George Corporation is a supporting organization of the Palos Health System, which includes Palos Community Hospital an IRC Section 501(c)(3) Organization.During 2020, the organization supported by St. George Corporation provided service for 17,000 inpatients and 186,000 outpatients at Palos. Palos Medical Group provided 197,000 office visits and Palos Imaging provided more than 47,000 imaging procedures.St. George Corporation committed resources to the formation of Chicago Health Colleagues (CHC), a physician led, clinically integrated network (CIN) in 2015. There are currently about 420 members representing about 70 practices and about 45 specialties, working together with Palos to improve quality, cost and effectiveness of health care services. As hospitals continue to be held more accountable for patient outcomes and cost, CHC is prepared for new value based care and accountability through the use of proven clinical protocols, measures and analytics to demonstrate improved patient care, decreased cost and increased efficiency. The technology and analytics to support clinical integration and population health enables robust data analytics and information sharing even with independent physicians across disparate computer systems. Chicago Health Colleagues has contracts with new and existing payors in the market including large payors for performance based shared savings contracts that offer incentives for the hospital and CHC members working together to improve quality, care coordination and efficiency of care. 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 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 8 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X Dr Terrence Moisan 6305815085 11S270 S Jackson Street Burr Ridge IL 60527 Dr Terrence Moisan President & CEO 20.00 21.00 X X 0 864215 49893 Don Dixon Secretary 12.00 29.00 X 0 407535 52968 Dr Mark Sinibaldi Director 1.00 42.00 X 0 397824 42751 Michael Rauwolf Treasurer 1.00 40.00 X 0 265954 49196 Lawrence Hunt Chairman 1.00 2.00 X X 0 0 0 Jason Ley Vice Chairman 1.00 2.00 X X 0 0 0 Fr Patrick O'Neill Director 1.00 0.00 X 0 0 0 Edward Mulcahy Director 1.00 2.00 X 0 0 0 Dr Vincent Muscarello Director 1.00 2.00 X 0 0 0 Jack Vainauskas Director 1.00 2.00 X 0 0 0 George Sreckovic MD Director 1.00 2.00 X 0 0 0 0 1935528 194808 0 0 1 0 Polsinelli PC 150 N Riverside Plaza Suite 3000 Chicago IL 60606 Legal services 782825 Select Equity Group LP 380 Lafayette Street 6th Fl New York NY 10003 Investment Manager 543677 Western Asset Management Company LLC 385 East Colorado Blvd Pasadena CA 91101 Investment Manager 457924 JP Morgan Asset Management Inc PO Box 27169 New York NY 10087 Investment Manager 362566 Schroders Investment Management Inc 7 Bryant Park 21st Fl New York NY 10018 Investment Manager 265682 8 17946 17946 19925829 19925829 453444 185647 267797 267797 267797 886696000 823008366 63687634 63687634 63687634 83899206 0 0 83881260 521168 521168 119864 119864 978636 978636 59762 59762 2177496 2177496 156055 156055 1271 1271 219032 219032 258093 258093 7377 7377 4498754 0 4498754 0 500 500 18182 1219226 30000 0 0 4631084 0 893624652 866921188 2413345 0 900687763 868170914 1189637 2376288 42873 0 1232510 2376288 X 899151453 865472880 303800 321746 899455253 865794626 900687763 868170914 X 79400452 -3852258 -109208821 X 0 1 X 1 0 X X 1 Palos Commmunity Hospital 362169179 3 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 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 follows the FASB-issued guidance for accounting for uncertainty in income taxes. St. George files a Form 990 (Return of Organization Exempt from Income Tax) annually. When this returns is 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, and the nature, characterization and taxability of joint venture income. The benefit of a tax position is recognized in the 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, 2020, there were no unrecognized tax benefits identified and recorded as a liability. Forms 990 filed by St. George is subject to examination by the 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 2016 and prior. 0 1 0 0 0 0 0 0 0 Dr Terrence Moisan President & CEO 0 766393 0 0 0 97822 0 21375 0 28518 0 914108 0 0 Don Dixon Secretary 0 389498 0 0 0 18037 0 39230 0 13738 0 460503 0 0 Dr Mark Sinibaldi Director 0 373203 0 0 0 24621 0 13275 0 29476 0 440575 0 0 Michael Rauwolf Treasurer 0 260204 0 0 0 5750 0 21990 0 27206 0 315150 0 0 Part I, Line 3 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. Part I, Line 4b The following individuals participate in a 457(f) plan and the amounts are the contributions to each plan during 2020: Dr. Terrence Moisan - $72,338 Dr. Mark Sinibaldi - $17,096 Don Dixon - $17,855 Michael Rauwolf - $6,125 The following individuals report amounts vested under a 457(f) plan on Part II, column B(iii): Dr. Terrence Moisan - $80,322 Dr. Mark Sinibaldi - $17,871 Don Dixon - $18,037 Explanation for filing Amended Form 990: The return is being amended to update the checkboxes, schedules, and numbers to align with restated audited financial statements. The following sections have changed from the original filed return: - Part I - Part IV, Line 11e - Changed from "Yes" to "No" - Part X - Part XI - Schedule D, Part X Form 990, Part III, line 3 Through December 31, 2020, St. George's purpose was to solicit and receive contributions on behalf of the Palos Community Hospital and Palos Medical Group (PMG), support educational activities related to rendering health care services and to support the Hospital and PMG and their respective purposes. Effective January 1, 2021, the Hospital and its consolidated subsidiaries affiliated with Northwestern Memorial HealthCare (NMHC). The affiliation was accomplished through a member substitution in which NMHC became the sole corporate member of the Hospital. Additionally, NMHC became the sole member of Sigma PSO, LLC. In conjunction with the NMHC affiliation, St. George retained investments and will be operated as an independent private foundation under Section 501(c)(3) of the Internal Revenue Code. As a private foundation, St. George will make contributions in support of the Hospital and other nonprofit health care organizations. Form 990, Part VI, Section B, line 11b 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 with whom Palos has a contract/transaction agreement. 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 statement 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 to Palos Community Hospital -109,208,821. Sigma PSO LLC 12251 S 80th Avenue Palos Heights IL 60463 Health Care IL 0 3000 St George Corporation Palos Community Hospital 12251 S 80th Avenue Palos Heights IL 60463 362169179 Hospital IL 501(c)(3) Line 3 St George Corporation 1 South Campus Partners Inc 15300 West Avenue Orland Park IL 60462 320517854 Health Care IL 501(c)(3) Line 3 Palos Community Hospital 1 Palos Health Surgery Center LLC 15300 West Avenue Orland Park IL 60462 352634975 Health Care IL N/A 0 0 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 0 0 0 1 0 1 1 Palos Community Hospital P 918796 Cash Palos Community Hospital R 38200000 Cash Palos Community Hospital S 5700000 Cash