Waccamaw Community Hospital

“The organization has an executive committee, finance committee, and compensation committee that have limited powers delegated from the full voting board of directors. The executive committee is comprised of five or more members, including four who are also members of the member organization's board of directors. The finance committee contains four or more members including the treasurer of the member organization. The compensation committee is as appointed by the chairman of the board.”

“The organization is a member organization within the meaning of the south carolina nonprofit corporation act of 1994. The sole member of the corporation is georgetown hospital system.”

“The sole member has the sole authority to appoint or remove a trustee or the chief executive officer of the organization.”

“The sole member has the sole authority to (1) direct healthcare services undertaken by the organization, including the addition or deletion of clinical service lines, and audit compliance with such directives, (2) veto policies and procedures, (3) require distribution of income, assets, or other property from, or make contributions to the organization to achieve the mutual objectives of the organization and the sole member, (4) approve budgets, (5) authorize capital transactions, (6) adopt a plan of dissolution, (7) admit new members to the organization, (8) amend the articles of the organization, and (9) negotiate and authorize management agreements with third parties.”

“The return was prepared by an outside accounting firm with the assistance and oversight of management. A representative of the accounting firm presented the return to the finance committee with management and answered questions from board members. The ceo and cfo then reviewed the form with all board members, as evidenced in the board minutes. A copy of the return was provided to each voting board member. After a discussion period, the board voted to approve the filing of the form 990 with the irs as presented. The cfo/ceo met in person with any members absent from the meeting to discuss the return.”

“The organization has a conflict of interest policy which is reviewed, accepted, and signed by each officer and voting board member on an annual basis. Pursuant to this policy, each officer and board member will recuse himself or herself from any discussions and votes for which a conflict exists. Determination of whether a conflict exists is made at a management, board member, officer, and individual level. Actual conflicts are reviewed by management and the board without the presence of the interested party.”

“The organization uses outside agencies to establish, assess the reasonableness of, review, and approve the compensation of directors, senior management & physicians. Senior management provides oversight on director compensation, the board compensation committee provides oversight on physician compensation and the ceo provides oversight (with the assistance of the cfo) on senior management compensation. Ceo compensation is evaluated and approved by the full board and board compensation committee. Fair market valuations are completed for all compensation at least annually and monthly compensation meetings are held to review any and all compensation related activities.”

“Photocopies of the form 990 are available upon request at the organization's administrative office. In addition, recent filings of the form 990 are available online at www.guidestar.org.”

“Photocopies of the organization's governing documents, conflict of interest policy, and financial statements are available upon request at the organization's administrative office.”

“Former chiefs of staff may continue to be compensated for emergency room call pay, committee pay, etc.”

“The organization has no direct employees. Georgetown hospital system, a related organization, files payroll for the organization. The number of employees reported by georgetown hospital system that are related to the organization is 1,257.”

“Other fees: program service expenses 42,209,248. Management and general expenses 20,597,473. Fundraising expenses 0. Total expenses 62,806,721.”

“The process has not changed from the prior year.”