Wise Regional Health Foundation

“Classes of members or stockholders: the sole member of the foundation is decatur hospital authority dba wise regional health system.”

“Members or stockholders who can elect members of the governing body: directors shall be elected by the member at such time at which it may determine. Additionally, any elected director may be removed, either for or without cause, or a vacancy may be filled by the election of the member at any meeting in which notice has been given.”

“Decisions of governing body subject to approval by members or stockholders: the member must approve the election of the foundation's directors. Additionally, the member may provide some or all of the administrative services necessary to carry out the activities of the foundation through contractual relationships by and between the member and or more of its subsidiaries; provided, however, that a consultant verifies that compensation arrangement for such services represents fair market value for comparable services in the area.”

“PROCESS TO REVIEW THE FORM 990: THE ORGANIZATION ENGAGES AN OUTSIDE ACCOUNTING FIRM TO PREPARE FORM 990. ONCE PREPARED, THE FORM IS REVIEWED BY THE CFO AND ACCOUNTING DIRECTOR PRIOR TO FILING. THE FORM IS Then PRESENTED TO THE BOARD OF DIRECTORS.”

“Process for monitoring compliance with conflict of interest policy: according to its bylaws, the organization is subject to the conflict of interest policy of its sole member, wise regional health system. Board members are required to disclose and resolve potential conflicts of interest when they occur.”

“Organizational documents publicly available: the organization governing documents, conflict of interest policy and financial statements are made available to the public upon request.”

“NUMBER OF EMPLOYEES: WISE REGIONAL HEALTH FOUNDATION HAS ENTERED INTO AN EMPLOYEE LEASING AGREEMENT WITH THE RELATED ORGANIZATION, WISE REGIONAL HEALTH SYSTEM, TO PROVIDE A DIRECTOR TO ADMINISTER AND OVERSEE ITS OPERATIONS. THE FOUNDATION DOES NOT EMPLOY ANY STAFF DIRECTLY AND DOES NOT FILE FORMS 941/W-2S. THE COST OF THIS LEASED EMPLOYEE, IF ANY, IS INCLUDED UNDER CONTRACTED/PURCHASED SERVICES IN PART IX, LINE 11G. FORM 990, PART VI, Section A, LINE 1A GOVERNING BODY DELEGATED BROAD AUTHORITY TO AN EXECUTIVE COMMITTEE: THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF NO MORE THAN SEVEN PERSONS, AND SHALL HAVE AND MAY EXERCISE ALL THE AUTHORITY AND POWERS OF THE BOARD OF GOVERNORS IN THE BUSINESS AND AFFAIRS OF THE CORPORATION.”