Valley Health System Inc

“The form 990 is prepared by an outside accounting firm. It is reviewed by management and the audit committee of valley health system. A complete copy of the form 990 is made available to all members of the organization's governing body prior to filing.”

“The valley health system has a conflict of interest policy which covers all controlled organizations within the health system, including this organization. The policy requires all trustees, officers, and members of committees with board delegated powers, to annually sign a conflict of interest statement, disclosing any potential conflicts which may exist. Such persons are also required to disclose any potential conflicts as they arise. Conflicts are determined by the board of trustees or delegated committee considering the proposed transaction or arrangement. Persons with conflicts of interest must not participate in the discussion or vote on the related matter.”

“The organization has established a policy for compensation of its officers and top management. The policy mandates that compensation for its officers and top management, be annually reviewed by the executive compensation committee of the board of trustees free of any members with conflicts of interest related thereto. The committee determines that the executives are being paid an appropriate level of compensation by using comparative data for similarly qualified persons in functionally comparable positions at similarly situated organizations. Compensation decision on the amount of compensation paid and term is adequately documented in a contemporaneously written format.”

“The organization makes its financial statements, conflict of interest policy, and governing documents available upon request.”

“Outside service fees: program service expenses 1,620,639. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,620,639. Maintenance contracts: program service expenses 15,599,752. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,599,752. Temporary help: program service expenses 485,725. Management and general expenses 0. Fundraising expenses 0. Total expenses 485,725. Consulting: program service expenses 2,488,612. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,488,612.”

“Equity in captive 7,387,308.”

“The organization has a committee responsible for the oversight of its financial statements and the selection of an independent accountant. The process has not changed from the prior year.”