Luthercare

“The board of directors delegates decision-making power to the executive committee as needed. The executive committee will make decisions when it isn't possible to convene the entire board on a voting matter in a timely fashion.”

“The organization's by-laws stipulate that the total board of directors will be elected by the lower susquehanna synod of the evangelical lutheran church in america (elca) and at least 51% of the members shall be voting members of an elca congregation.”

“The evangelical lutheran church in america (elca) must give written approval to any amendment of an article or paragraph of governing documents with regard to: a. Affiliation b. The purpose statement c. The mission statement d. Dissolution of the corporation e. Responsibility for management and fiscal affairs f. Corporate liability disclaimer g. Board membership any proposed amendment must be submitted to the division for church in society of the elca for review prior to action by the synod.”

“The organization's president and all vice presidents will review a draft of the federal form 990. AFTER MANAGEMENT HAS REVIEWED THE FORM 990, THE BOARD OF DIRECTORS WILL BE PROVIDED WITH AN eLECTRONIC COPY OF THE FORM 990 FOR THEIR REVIEW. AFTER THE BOARD AND MANAGEMENT are SATISFIED WITH THE FILING COPY, The chief financial officer will sign the form 990 and release the electronic version to the irs.”

“ALL NEWLY ELECTED BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST FORM. ALL EXISTING BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM ANNUALLY. IF A BOARD MEMBER HAS A CONFLICT OF INTEREST, THE RELATED PARTY TRANSACTION IS MONITORED AND EVALUATED BY THE remaining BOARD AND MANAGEMENT TO ENSURE THAT THE TRANSACTION IS AT ARM'S LENGTH. HAVING A RELATED PARTY TRANSACTION WITH A BOARD MEMBER DOES NOT PRECLUDE THAT PERSON FROM SERVING ON THE BOARD. If a conflict does exist, the interested individual may make a presentation at a board or committee meeting. However, after the presentation has been made, the interested person must leave the meeting during the discussion of, and vote on, the transaction or arrangement that results in the conflict of interest. The conflict of interest policy includes language that indicates family and business relationships can be a source of conflicts of interest.”

“LUTHERCARE CONTRACTS WITH AN INDEPENDENT PARTY TO PERFORM A SALARY MARKET REVIEW FOR THE CEO AND VP'S. THE SALARY MARKET REVIEW INCLUDES A REVIEW OF THE COMPENSATION AGREEMENTS IN PLACE BETWEEN COMPARABLE NON-PROFIT ORGANIZATIONS AND THEIR EXECUTIVES TO ENSURE THAT COMPENSATION IS WITHIN FAIR VALUE RANGE. THE REPORT IS SUBMITTED TO THE BOARD AND COMPENSATION COMMITTEE WHICH APPROVES ANY INCREASE FOR THE CEO. THE CEO USES THE REPORT TO DETERMINE INCREASES FOR THE VP'S. THE PROCESS IS PERFORMED IN CONJUNCTION WITH ANNUAL EMPLOYEE SALARY INCREASES. THIS PROCESS HAS BEEN DISCUSSED AT THE EXECUTIVE COMMITTEE LEVEL AND THEN DISCUSSED IN AN EXECUTIVE SESSION WITH THE BOARD. Executive commitees document board and committee discussions on CEO compensation as well as compensation of senior executives.”

“The organization provides its governing documents, conflict of interest policy, and financial statements to the public upon request.”

“Contracted Services: Program service expenses 2,765,777. Management and general expenses 505,446. Fundraising expenses 11,569. Total expenses 3,282,792. Pharmacy Fees: Program service expenses 78,540. Management and general expenses 0. Fundraising expenses 0. Total expenses 78,540. Laboratory Fees: Program service expenses 64,260. Management and general expenses 0. Fundraising expenses 0. Total expenses 64,260. Contracted Services - Lawncare: Program service expenses 69,894. Management and general expenses 0. Fundraising expenses 0. Total expenses 69,894. Maintenance Contracts: Program service expenses 55,018. Management and general expenses 0. Fundraising expenses 0. Total expenses 55,018. Consulting Fees: Program service expenses 102,996. Management and general expenses 135,642. Fundraising expenses 0. Total expenses 238,638. Cardiology Fees: Program service expenses 468. Management and general expenses 0. Fundraising expenses 0. Total expenses 468. Contracted Services - Psychiatric: Program service expenses 3,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,000. Contracted Services - Housekeeping: Program service expenses 18,257. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,257. X-Ray Fees: Program service expenses 29,028. Management and general expenses 0. Fundraising expenses 0. Total expenses 29,028. Contracted Services - Barber: Program service expenses 125,477. Management and general expenses 0. Fundraising expenses 0. Total expenses 125,477. Contracted Services - Food Services: Program service expenses 803,724. Management and general expenses 0. Fundraising expenses 0. Total expenses 803,724. Contracted Services - Therapy: Program service expenses 2,262,092. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,262,092.”

“Unrealized Depreciation on Interest Rate Swap Agreement -3,294,200. Change in value of deferred gifts 26,348. Change in FV of Swap Agreements 5,157,334. Loss on Refinancing -1,257,052.”