Meeker Memorial Hospital Foundation

“The board of directors may designate an executive committee composed of at least three directors designated by the board of directors and the board officers. The board chair shall preside over all meetings of the executive committee. The executive committee shall have the authority of the board of directors in the management of the business of the foundation in the interval between meetings of the board of directors, and the executive committee shall at all times be subject to the control and direction of the board of directors.”

“The ceo is provided through a service agreement with centracare health system. The ceo is a contractor with centracare health system as well, through c suite resources. In 2024, meeker memorial hospital and clinics paid $350,493 to centracare for the management services that include non-salary items.”

“The board of directors for meeker memorial hospital has the authority to appoint and remove the foundation's governing body, whether periodically, as vacancies arise, or otherwise.”

“The meeker memorial hospital must approve amendments to the bylaws and articles of incorporation.”

“The board will be given an electronic copy of the form 990 for review and approval prior to filing with the irs.”

“Each new responsible person shall be required to review a copy of the conflict of interest policies and procedures and to acknowledge in writing that he or she has done so. Not later than seven days after the first meeting of the board of directors each calendar year, each responsible person shall annually complete a disclosure form identifying any relationships, positions, or circumstances in which the responsible person is involved that he or she believes could contribute to a conflict of interest arising. Such relationships, positions or circumstances might include ownership of a business that might provide goods or services to the foundation or investment in a venture in which the foundation has invested or may invest. Any such information regarding business interests of a responsible person or a family member shall be treated as confidential and shall generally be made available only to the president, except to the extent additional disclosure is necessary in connection with the implementation of these policies and procedures. A director or officers failure to comply with the requirements of the conflict of interest policies and procedures shall be grounds for the immediate removal from office of such director or officer, upon the approval of a majority of the other members of the board.”

“The foundation does not pay compensation. All compensation is paid by meeker memorial hospital, a related organization. Meeker memorial hospital uses the following process: compensation and benefits are compared with the minnesota hospital association annual survey of ceo, cfo and cno salaries and benefits. Ceo salary and benefits are approved by the executive committee of the meeker memorial hospital board.”

“Financial statements, conflict of interest policy and governing documents are available upon request for the same period of disclosure as set forth in section 6104(d).”