2026-05-05T09:33:01-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2024-07-01 232216041 GOOD SHEPHERD REHABILITATION NETWORK GOOD 6107763160 GOOD SHEPHERD PLAZA 850 S 5TH ST ALLENTOWN PA 18103 MICHAEL SPIGEL PRESIDENT & CEO 6107763160 2026-05-01 1 1 KERRI N BOGDA P00760402 7177404863 2026-04-23 2024 2025-03-06 01:10:19Z MICHAEL SPIGEL GOOD SHEPHERD PLAZA 850 S 5TH ST ALLENTOWN PA 18103 158331998 0 X WWW.GOODSHEPHERDREHAB.ORG X 1908 PA TO ENHANCE LIVES, MAXIMIZE FUNCTION, INSPIRE HOPE, AND PROMOTE DIGNITY AND WELL-BEING. 17 15 255 141 0 0 6561012 4575070 47076221 49006344 24774860 28691812 518388 330489 78930481 82603715 7610036 3569407 0 0 23703201 24571990 0 0 2627420 29391321 30752448 60704558 58893845 18225923 23709870 548247805 539091569 159728780 157181405 388519025 381910164 X MOTIVATED BY THE DIVINE GOOD SHEPHERD AND THE OFTEN COMPLEX PHYSICAL AND COGNITIVE REHABILITATION NEEDS OF OUR COMMUNITIES, OUR MISSION IS TO ENHANCE LIVES, MAXIMIZE FUNCTION, INSPIRE HOPE, AND PROMOTE DIGNITY AND WELL-BEING WITH EXPERTISE INNOVATE CARE AND COMPASSION. 0 0 27266599 3569407 49006344 GOOD SHEPHERD REHABILITATION NETWORK ("GSRN"), BASED IN ALLENTOWN, PENNSYLVANIA, IS A NATIONALLY RECOGNIZED REHABILITATION LEADER, OFFERING A CONTINUUM OF CARE FOR PEOPLE WITH PHYSICAL AND COGNITIVE DISABILITIES AND SPECIALIZING IN ASSISTIVE AND REHABILITATION TECHNOLOGY. SPECIALIZED INPATIENT AND OUTPATIENT POST-ACUTE CARE PROGRAMS OFFERED BY GSRN INCLUDE: STROKE, ORTHOPEDICS, BRAIN INJURY, SPINE AND JOINT PAIN, SPINAL CORD INJURY, PEDIATRICS, MULTIPLE SCLEROSIS, AND AMPUTATION. GOOD SHEPHERD OPERATES: THIRTY-FOUR (34) OUTPATIENT SITES; 2 INPATIENT SITES; A LONG-TERM ACUTE CARE HOSPITAL; 2 LONG-TERM CARE HOMES FOR PEOPLE WITH SEVERE DISABILITIES; AND AN INDEPENDENT LIVING FACILITY. CONTINUED ON SCHEDULE O.GOOD SHEPHERD ALSO IS THE MAJORITY OWNER OF A JOINT VENTURE WITH PENN MEDICINE IN PHILADELPHIA, PENNSYLVANIA. GOOD SHEPHERD PENN PARTNERS ("GSPP") PROVIDES THE PHILADELPHIA REGION WITH A CONTINUUM OF POST-ACUTE CARE THAT INCLUDES INPATIENT AND OUTPATIENT REHABILITATION AND LONG-TERM ACUTE CARE. TWENTY-SIX (26) GSPP PENN THERAPY & FITNESS LOCATIONS PROVIDE OUTPATIENT REHABILITATION SERVICES THROUGHOUT THE GREATER PHILADELPHIA AREA, WHILE PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY SERVICES ARE PROVIDED WITHIN PENN MEDICINE'S THREE ACUTE-CARE HOSPITALS. GSRN WAS FOUNDED IN 1908 WHEN THE REV. JOHN AND ESTELLA RAKER INVITED A DISABLED ORPHAN NAMED VIOLA INTO THEIR ALLENTOWN, PENNSYLVANIA HOME. GSRN IS AFFILIATED WITH THE EVANGELICAL LUTHERAN CHURCH IN AMERICA AND PROVIDES REHABILITATION SERVICES AT MORE THAN 63 LOCATIONS IN 9 EASTERN PENNSYLVANIA COUNTIES. GSRN IS THE PARENT ORGANIZATION OF 5 TAX-EXEMPT AFFILIATES THAT OFFER MANY LEVELS OF REHABILITATION CARE. GSRN IS ALSO THE PARENT ORGANIZATION OF ONE TAXABLE AFFILIATE THAT IS A SELF-INSURANCE COMPANY. AS THE PARENT ORGANIZATION, GSRN OPERATES ALL CORPORATE ADMINISTRATIVE FUNCTIONS FOR THE GOOD SHEPHERD AFFILIATES, INCLUDING BUT NOT LIMITED TO ADMINISTRATION, DIETARY, FINANCE, FUNDRAISING, HUMAN RESOURCES, INFORMATION SYSTEMS, MAINTENANCE, MARKETING AND PASTORAL CARE. 27266599 1 1 0 1 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 X 227 0 255 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 15 1 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AZ AR CA CT DE FL GA HI ID IL IN IA KS KY MD MA MI MN MS MO MT NE NV NH NJ NM NY NC OR PA RI SC SD TN TX UT VT VA WV WI WY X MICHAEL SPIGEL PRESIDENT CEO 6107763160 GOOD SHEPHERD PLAZA 850 S 5TH ST ALLENTOWN PA 18103 MICHAEL R SPIGEL PRESIDENT & CEO 26.00 24.00 X X 712258 0 36013 MAURA TOPPER CHAIR/TREASURER 0.25 2.75 X X 0 0 0 MICHAEL PESSINA VICE CHAIR 0.25 0.75 X X 0 0 0 THOMAS LYNCH SECRETARY 0.25 0.75 X X 0 0 0 POLLY BESTE TRUSTEE 0.25 0.75 X 0 0 0 PAMELA DECAMPLI TRUSTEE 0.25 2.75 X 0 0 0 DAVID DECAMPLI TRUSTEE 0.25 2.75 X 0 0 0 DAVID FESSLER TRUSTEE 0.25 0.75 X 0 0 0 MATTHEW GREEN TRUSTEE 0.25 0.75 X 0 0 0 LORI GUSTAVE TRUSTEE 0.25 2.75 X 0 0 0 ELSBETH HAYMON TRUSTEE 0.25 0.75 X 0 0 0 KIMBERLY KUCHINSKI MD TRUSTEE 0.25 40.75 X 0 306320 41421 JO-ANN MENDLES TRUSTEE 0.25 0.75 X 0 0 0 VICTOR SALICETTI TRUSTEE 0.25 0.75 X 0 0 0 BLAKE C MARLES TRUSTEE 0.25 0.75 X 0 0 0 JOHN V COONEY TRUSTEE EMERITI 0.25 0.75 X 0 0 0 JILL DOUGLAS LEGACY TRUSTEE 0.25 0.75 X 0 0 0 GARY SCHMIDT CHAIR (UNTIL 9/24) 0.25 0.75 X X 0 0 0 SANDRA BODNYK VICE CHAIR (UNTIL 9/24) 0.25 0.75 X X 0 0 0 JOHN RICHTER SECRETARY (UNTIL 9/24) 0.25 0.75 X X 0 0 0 PAUL EMRICK TRUSTEE (UNTIL 9/24) 0.25 0.75 X 0 0 0 ROBERT TAROLA INTERIM CFO (UNTIL 9/24) 26.00 24.00 X 340000 0 0 PATRICK SEBASTIAN VP OF FINANCE (AS OF 5/25) 26.00 24.00 X 0 0 0 TERENCE P O'NEIL CHIEF INFORMATION OFFICER 30.00 20.00 X 299355 0 18379 CHERYL A FISHER CHIEF HR OFFICER 30.00 20.00 X 274985 0 33181 JEANNE DZURENKO CNO & SVP 10.00 50.00 X 256059 0 17948 CYNTHIA A BUCHMAN VP PHYSICIAN SERVICES 40.00 0.00 X 235359 0 8671 SANDEEP SINGH CMO & SVP 20.00 30.00 X 0 793966 42873 CARRY A GERBER VP MKTG AND COMMUNICATION 40.00 0.00 X 248782 0 5523 GEORGINE A OLEXA VP LEGAL AFFAIRS 40.00 0.00 X 198740 0 7711 KAREN L LONG VP OPERATIONS OP THERAPY 40.00 0.00 X 187855 0 7673 SCOTT M MOYNIHAN ADMIN DIR HUMAN RESOURCES 40.00 0.00 X 181941 0 39549 MARGARET A KAUFMANN ADMIN DIR TLNT & EMPL EXP 40.00 0.00 X 166018 0 5902 3101352 1100286 264844 55 0 1 0 METZ CULINARY MANAGEMENT TWO WOODLAND DRIVE DALLAS PA 18612 DIETARY, HOUSEKEEPING 3675891 ORACLE PO BOX 203448 DALLAS TX 75320 IT 1936553 ALLIED UNIVERSAL SECURITY SERVICES 450 EXCHANGE IRVINE CA 92602 SECURITY 459432 BAKER TILLY PO BOX 78975 MILWAUKEE WI 53278 CONSULTING 444752 COMPUTER DESIGN & INTEGRATION LLC PO BOX 23246 NEW YORK NY 10087 CONSULTING 343840 14 158866 670068 3746136 4575070 MANAGEMENT FEES 561000 49006344 49006344 49006344 8075893 8075893 68362 687288 -618926 -618926 -618926 95525916 74909997 20615919 20615919 20615919 35000 158866 130998 -95998 -95998 EXPENSE REIMBURSEMENT 900099 891465 891465 CLUBHOUSE REVENUE 621500 91124 91124 STUDY PARTICIPATION REV 900099 7392 7392 55432 55432 1045413 82603715 49006344 0 29022301 X 3569407 3569407 3036630 1321965 1714665 17162739 4955515 11267171 940053 312901 160623 140005 12273 2693307 1145283 1455011 93013 1366413 442803 861675 61935 84154 14821 69333 210904 210904 19404 19404 1241760 1241760 14324421 5402808 8732733 188880 864776 4025 860751 1810131 1028547 697738 83846 546319 537225 9094 176670 82575 89547 4548 4399174 4399174 2873415 2850217 378 22820 888098 888098 CORPORATE ALLOCATIONS 1293431 142569 1150862 REPAIRS & MAINTENANCE 872262 870075 2187 DUES & SUBSCRIPTIONS 649110 311991 328259 8860 OTHER EXPENSES 270821 132055 90779 47987 227598 37490 177765 12343 58893845 27266599 28999826 2627420 5009919 5398867 2999259 2016204 941881 871211 1158867 1021198 127662356 102556147 28047966 25106209 213540801 230525961 135590205 123324012 160958907 150827907 548247805 539091569 8136040 6689344 144412308 140842310 2168609 5013811 5011823 4635940 159728780 157181405 X 327684545 319737899 60834480 62172265 388519025 381910164 548247805 539091569 X 23709870 954102 -31272833 X X 0 1 X 1 1 1 X 8409367 8605989 12259557 6589012 4575070 40438995 8409367 8605989 12259557 6589012 4575070 40438995 3893068 36545927 2899707 7530389 6042529 7255421 8144255 31872301 1130781 1082413 1127623 1079473 1045413 5465703 77776999 243001658 0.46990 0.49340 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUES - 2020 AMOUNT: $ 47,861. 2021 AMOUNT: $ 13,088. 2022 AMOUNT: $ 88,890. 2023 AMOUNT: $ 66,396. 2024 AMOUNT: $ 55,432. EXPENSE REIMBURSEMENT - 2020 AMOUNT: $ 1,007,205. 2021 AMOUNT: $ 981,405. 2022 AMOUNT: $ 954,416. 2023 AMOUNT: $ 924,518. 2024 AMOUNT: $ 891,465. CLUBHOUSE REVENUE - 2020 AMOUNT: $ 75,715. 2021 AMOUNT: $ 78,834. 2022 AMOUNT: $ 84,317. 2023 AMOUNT: $ 88,559. 2024 AMOUNT: $ 91,124. STUDY PARTICIPATION REVENUE - 2021 AMOUNT: $ 9,086. 2024 AMOUNT: $ 7,392. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 19404 19404 0 PART II-B, LINE 1: GOOD SHEPHERD REHABILITATION NETWORK PAID DUES TO HAP DURING THE YEAR. A PERCENTAGE OF THOSE DUES WERE USED FOR LOBBYING PURPOSES. ADDITIONAL FEES WERE PAID TO JL MANN ASSOCIATES FOR LOBBYING. 35813217 30244 2543600 1791968 36595093 33016582 2134696 2437204 1775265 35813217 32388289 245709 2040077 1657493 33016582 35261022 98993 -1416396 1555330 32388289 26426280 3465935 6761262 1392455 35261022 0.01600 0.98400 0 0 744408 744408 58398550 43113146 15285404 690659 690659 0 62662422 54022772 8639650 5166317 4729570 436747 25106209 39502651 C ALTERNATIVE INVESTMENTS, ABSOLUTE RETURN 83821361 F 123324012 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 17129588 BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUSTS 5533158 DUE FROM AFFILIATE 127846487 OTHER ASSETS 318674 150827907 WORKERS' COMPENSATION 2366473 ANNUITIES PAYABLE 5502 DEFINED CONTRIBUTION PLAN LIABILITY 311198 CHARITABLE GIFT ANNUITIES 568057 LEASE LIABILITY -5025 DUE TO AFFILIATES 1389735 4635940 X 48292103 954102 -36084000 -35129898 83422001 -818286 -818286 82603715 54900964 818286 818286 54082678 4811167 4811167 58893845 PART V, LINE 4: GOOD SHEPHERD'S ENDOWMENTS PROVIDE INCOME IN PERPETUITY FOR PROGRAMS AND SERVICES, INCLUDING: RESEARCH, TECHNOLOGY, PEDIATRICS, LONG TERM CARE OPERATIONS AND RECREATION, EDUCATION, GENERAL AND NEUROREHABILITATION PROGRAMS, AND FOR THE GENERAL SUPPORT OF GOOD SHEPHERD'S OPERATIONS. PART X, LINE 2: GOOD SHEPHERD PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY IN RECORDING TAX LIABILITIES IN THE CONSOLIDATED FINANCIAL STATEMENTS. MEASUREMENT AND RECOGNITION OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCOME/(LOSS) ON INVESTMENT IN UNCONSOLIDATED SUBSIDIARY -1,180,896. PENSION LIABILITY ADJUSTMENT - UNCONSOLIDATED SUBSIDIARY 49,409. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 294,336. VALUATION LOSS, BENEFICIAL INTEREST IN PERPETUAL TRUSTS 962,336. INVESTMENT MANAGEMENT FEES NETTED TO INCOME ON F/S -1,241,760. GRANTS TO OTHER ORGANIZATIONS NETTED TO INCOME ON F/S -3,569,407. CHANGE IN VALUE OF PLEDGES RECEIVABLE -983,056. NET PERIODIC PENSION COST -128,546. LOSS ON PENSION SETTLEMENT -31,221,471. GAIN ON SALE OF INTEREST IN UNCONSOLIDATED SUBSIDIARY 935,055. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -687,288. FUNDRAISING EVENT EXPENSES -130,998. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 687,288. FUNDRAISING EVENT EXPENSES 130,998. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES NETTED TO INCOME ON F/S 1,241,760. GRANTS TO OTHER ORGANIZATIONS NETTED TO INCOME ON F/S 3,569,407. GALA IN THE GARDEN 180366 145366 35000 120651 DISABILITY INCLUSION DAY 13500 13500 10347 193866 158866 35000 130998 130998 -95998 1 GOOD SHEPHERD REHABILITATION HOSPITAL GOOD SHEPHERD PLAZA 850 SOUTH 5TH STREET ALLENTOWN PA 18103 231371947 501(C)(3) 2737336 0 N/A N/A CHARITABLE ACTIVITIES GOOD SHEPHERD HOME LONG-TERM CARE FACILITY INC GOOD SHEPHERD PLAZA 850 SOUTH 5TH STREET ALLENTOWN PA 18103 232215800 501(C)(3) 832071 0 N/A N/A CHARITABLE ACTIVITIES 2 0 PART I, LINE 2: RECIPIENTS ARE AFFILIATED TAX-EXEMPT ORGANIZATIONS. GSRN SERVES AS THE PARENT ENTITY AND IS AWARE OF THE OPERATIONS AND USE OF FUNDS RECEIVED. X X X X X 0 0 0 0 0 0 0 1 0 SANDEEP SINGH CMO & SVP 0 450498 0 343468 0 0 0 11524 0 31349 0 836839 0 0 MICHAEL R SPIGEL PRESIDENT & CEO 704134 0 8124 0 0 0 11500 0 24513 0 748271 0 0 0 KIMBERLY KUCHINSKI MD TRUSTEE 0 273211 0 33109 0 0 0 8666 0 32755 0 347741 0 0 ROBERT TAROLA INTERIM CFO (UNTIL 9/24) 340000 0 0 0 0 0 0 0 0 0 340000 0 0 0 TERENCE P O'NEIL CHIEF INFORMATION OFFICER 295271 0 4084 0 0 0 6975 0 11404 0 317734 0 0 0 CHERYL A FISHER CHIEF HR OFFICER 270839 0 4146 0 0 0 9208 0 23973 0 308166 0 0 0 JEANNE DZURENKO CNO & SVP 252031 0 4028 0 0 0 7004 0 10944 0 274007 0 0 0 CARRY A GERBER VP MKTG AND COMMUNICATION 245189 0 3593 0 0 0 4371 0 1152 0 254305 0 0 0 CYNTHIA A BUCHMAN VP PHYSICIAN SERVICES 235359 0 0 0 0 0 976 0 7695 0 244030 0 0 0 SCOTT M MOYNIHAN ADMIN DIR HUMAN RESOURCES 178908 0 3033 0 0 0 5762 0 33787 0 221490 0 0 0 GEORGINE A OLEXA VP LEGAL AFFAIRS 195709 0 3031 0 0 0 1983 0 5728 0 206451 0 0 0 KAREN L LONG VP OPERATIONS OP THERAPY 184881 0 2974 0 0 0 5631 0 2042 0 195528 0 0 0 MARGARET A KAUFMANN ADMIN DIR TLNT & EMPL EXP 163329 0 2689 0 0 0 4961 0 941 0 171920 0 0 0 PART I, LINE 7 GSRN HAS A PERFORMANCE COMPENSATION PROGRAM IN PLACE WHICH IS APPROVED BY THE BOARD. CERTAIN MEMBERS OF MANAGEMENT CAN RECEIVE AN ANNUAL PERFORMANCE PAYMENT WHEN PRE-DEFINED AND PRE-APPROVED FINANCIAL AND NON-FINANCIAL GOALS ARE ACHIEVED. A LEHIGH COUNTY GENERAL PURPOSE AUTHORITY 911886539 52480RDA5 2016-06-16 45275609 SEE PART VI 0 0 0 B LEHIGH COUNTY GENERAL PURPOSE AUTHORITY 911886539 52480RFU9 2021-09-16 82108022 SEE PART VI 0 0 0 A 45275609 717240 44558369 2016 0 1 1 1 B 8285000 83084376 1262969 22780882 1026061 58014463 2023 1 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: LEHIGH COUNTY GENERAL PURPOSE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/16/2021 PART I, COLUMN F: DESCRIPTION OF PURPOSE: BOND ISSUE A: PROVIDE FUNDS TO BE USED FOR ADVANCE REFUNDING OF SERIES A OF 2007 BONDS AND PAYMENT OF ISSUANCE COSTS OF THE 2016 BONDS BOND ISSUES B: PROVIDE FUNDS TO BE USED BY OBLIGATED GROUP FOR (I) BUILDING PROJECT OF A NEW 4 STORY 76 BED HOSPITAL FACILITY IN CENTER VALLEY (II) ADVANCE REFUNDING OF SERIES 2007B AND 2008A BONDS (III) PAY COSTS OF TERMINATING INTEREST RATE HEDGE AGREEMENTS OF REFUNDED BONDS (IV) PROVIDE CAPITALIZED INTEREST AND (V) PAY ISSUANCE COSTS OF 2021A BOND PART II, LINE 3: BOND B: PROCEEDS OF ISSUE LISTED IN PART II LINE 3 EXCEEDS ISSUE PRICE REPORTED IN PART I COLUMN E BY INVESTMENT EARNINGS. FORM 990, PART V, LINE 2: THE SALARY AND BENEFIT EXPENSES REPORTED ON FORM 990, PART IX, AND THE EMPLOYEE INFORMATION REPORTED ON FORM 990, PART VII, ARE THE GOOD SHEPHERD REHABILITATION NETWORK'S ("GSRN") ALLOCATED PAYROLL COSTS BASED ON TIME SPENT. ALL INDIVIDUALS WORKING AT GSRN ARE EMPLOYEES OF THE GOOD SHEPHERD REHABILITATION HOSPITAL ("GSRH") AND ARE REPORTED ON ITS FORM W-3 UNDER EIN: 23-1371947. GSRH IS AN AFFILIATED TAX-EXEMPT ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPRISED OF THE CHAIRS OF ALL THE BOARD COMMITTEES AS WELL AS THE CHAIR AND VICE CHAIR OF THE BOARD. ALL EXECUTIVE COMMITTEE MEMBERS ARE MEMBERS OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE CAN ACT ON BEHALF OF THE BOARD OF TRUSTEES IN MOST CASES. ANY FUNDAMENTAL CHANGES WILL GO TO THE FULL BOARD. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS PAMELA AND DAVID DECAMPLI ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION A, LINE 7A TWO-THIRDS OF THE ORGANIZATION'S TRUSTEES SHALL BE ELECTED BY THE SYNOD COUNCIL OF THE NORTHEASTERN PENNSYLVANIA SYNOD OF THE EVANGELICAL CHURCH IN AMERICA. FORM 990, PART VI, SECTION A, LINE 7B THE ORGANIZATION'S BYLAWS MAY BE ALTERED, AMENDED, OR REPEALED BY THE BOARD. IN ADDITION, THE AMENDMENT SHALL BE APPROVED BY THE SYNOD COUNCIL OF THE NORTHEASTERN PENNSYLVANIA SYNOD OF THE EVANGELICAL CHURCH IN AMERICA BEFORE TAKING EFFECT. FORM 990, PART VI, SECTION B, LINE 11B THE IRS FORM 990 IS PREPARED USING INFORMATION SOLICITED FROM OFFICERS, DIRECTORS, TRUSTEES, BOARD COMMITTEE MEMBERS, AND MANAGEMENT. THIS GROUP OF INDIVIDUALS IS PROVIDED A DRAFT RETURN BEFORE THE FINAL RETURN IS FILED. QUESTIONS, COMMENTS, AND ADDITIONAL INFORMATION PROVIDED BY THIS GROUP ARE INCORPORATED INTO THE FINAL RETURN. THE FINAL RETURN IS REVIEWED AT A COMMITTEE LEVEL OF THE BOARD PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THERE IS A SYSTEMATIC PROCESS COORDINATED THROUGH THE GOVERNANCE COMMITTEE WHERE THE CONFLICT OF INTEREST STATEMENTS COMPLETED ANNUALLY BY BOARD MEMBERS AND THE SENIOR LEADERSHIP TEAM MEMBERS ARE REVIEWED BY THE GOVERNANCE COMMITTEE. WHENEVER THE COMMITTEE FEELS THE CONFLICT STATEMENT IS EITHER INCOMPLETE OR FEELS SOMETHING MAY BE MISSING, THE COMMITTEE WILL ASK MANAGEMENT TO PURSUE FURTHER DUE DILIGENCE. WHEN A BOARD MEMBER DOES HAVE AN INHERENT CONFLICT, THE TRUSTEE IS ASKED TO EITHER ABSTAIN FROM VOTING OR EXCUSE HIMSELF FROM THE ROOM DURING THE DISCUSSION AND VOTING. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES OF GOOD SHEPHERD REHABILITATION NETWORK (GSRN) DELEGATE RESPONSIBILITY FOR ADHERENCE TO ALL LEGAL AND REGULATORY REQUIREMENTS AFFECTING EXECUTIVE COMPENSATION TO THE HUMAN RESOURCES / COMPENSATION COMMITTEE OF THE BOARD (THE COMMITTEE). THE COMMITTEE IS PERMITTED TO ENGAGE EXTERNAL RESOURCES AS NECESSARY TO EDUCATE THEM ON NEW LEGAL OR REGULATORY GUIDELINES, MARKET TRENDS AND TO SUPPORT DELIBERATIONS AND DECISION MAKING RELATED TO EXECUTIVE COMPENSATION. THE COMMITTEE SELECTED AND UTILIZES AN INDEPENDENT COMPENSATION CONSULTANT, MERCER- A MARSH & MCCLENNAN COMPANY, (THE CONSULTANT) AS A RESOURCE TO ASSIST WITH DECISIONS RELATED TO EXECUTIVE COMPENSATION. IN ACCORDANCE WITH THE COMMITTEE'S ANNUAL WORK PLAN, THE COMMITTEE REVIEWED AT THE SEPTEMBER 2024 MEETING THE FOLLOWING: MERCER (US), INC. CERTIFIES THAT IT (1) IS A COMPENSATION CONSULTING FIRM, (2) PERFORMS COMPENSATION VALUATION STUDIES OF THIS TYPE ON A REGULAR BASIS, AND (3) IS QUALIFIED TO PERFORM THE VALUATIONS OF THE TYPE OF PROPERTY OR SERVICES INVOLVED. DURING MERCER'S REVIEW OF EXECUTIVE COMPENSATION, IT WAS FOUND IN THEIR OPINION TO BE FAIR, REASONABLE AND MARKET APPROPRIATE BASED ON THEIR ANALYSIS OF COMPETITIVE COMPENSATION AND BENEFIT PRACTICES FOR FUNCTIONALLY COMPARABLE POSITIONS IN SIMILARLY SITUATED ORGANIZATIONS. ALL OF THE COMPENSATION MEETINGS ARE FORMALLY DOCUMENTED CONSISTENT WITH BEST GOVERNANCE PRACTICES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND POLICIES ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 5,402,808. MANAGEMENT AND GENERAL EXPENSES 8,732,733. FUNDRAISING EXPENSES 154,327. TOTAL EXPENSES 14,289,868. PRINTING/MAILING SERVICE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 34,553. TOTAL EXPENSES 34,553. FORM 990, PART XI, LINE 9: INCOME ON INVESTMENT IN UNCONSOLIDATED SUBSIDIARY -1,180,896. PENSION LIABILITY ADJUSTMENT 49,409. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 294,336. BENEFICIAL INTEREST IN PERPETUAL TRUST 962,336. CHANGE IN VALUE OF PLEDGES RECEIVABLE -983,056. NET PERIODIC PENSION COST -128,546. GAIN ON SALE OF INTEREST IN UNCONSOLIDATED SUBSIDIARY 935,055. LOSS ON PENSION SETTLEMENT -31,221,471. FORM 990, PART XI, LINE 2C: THE PROCESSES USED BY THE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT HAVE NOT CHANGED FROM THE PRIOR YEAR. 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