Allied Services Risk Retention Group

“The organization delegates duties to a management company through a service agreement with usa risk group of south carolina. Additional services are performed by allied healthcare services, inc. Note that the organization does not have any employees.”

“The allied services foundation is the majority controlling member with voting privileges. Further, the members of allied services risk retention group ("the organization") shall be those persons who serve from time to time as members of the executive committee of the board of directors of the foundation. In each case to serve in such a capacity is at the discretion of the foundation, and each member is subject to removal by the foundation at any time, with or without cause.”

“As documented in the organization's bylaws, the foundation appoints the governing body as majority controlling member.”

“The form 990 was reviewed in detail by the chairman of the board and the chairman of the audit committee prior to filing with the irs. A copy of the return is available to the entire board prior to filing.”

“Allied services foundation and related entities' conflict of interest policy covers board members down to department heads as well as any staff that are involved in the purchasing process. All covered persons must complete an annual conflict statement. If a transaction is proposed involving a conflict, the board investigates alternatives for the transaction and makes a determination if a more advantageous arrangement can be made. Members involved in the conflict must abstain from voting on such matters. Any violations of the policy are handled as necessary from reprimand to termination from the board or employment, depending on the severity of the offense. Compliance with this policy is monitored by the vice president of human resources.”

“Allied services foundation and related entities particpate in multiple regional salary surveys to determine market competitiveness, and consider the external market as a factor in the job evaluation process. Compensation for officers and key employees are reviewed by a compensation committee of the board. Increases are recommended by the committee and approved by the board of directors based on the external surveys and internal reviews. This process is documented by the compensation committee and the board of directors.”

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

“Reclassification adjustments for realized gains included in net income 5,644. Distributions to policy holders -500,000.”