Lch Health and Community Services

“Governing board review of form 990 the organization has established a finance committee to assist the board in fulfilling its oversight responsibilities related to financial reporting. The committee reviews with management and independent auditors all matters required to be communicated to the finance committee under gaas. Once management and the finance committee have reviewed the form 990, a copy of the form 990 is provided to the board of directors for review prior to being submitted to the irs.”

“Enforcement and monitoring of conflicts policy the organization has a conflict of interest policy to include directors, officers, executive director, president and key management employees. Such individuals, as described above, must disclose actual or potential conflicts of interest by completing an annual conflict of interest statement and disclosure form, and must update the disclosure form on an on-going basis as any new activities or relationship arise. Policy extends to individual's immediate family members (spouse, partner, sibling, parents and children). Completed disclosure forms are maintained at the organization's corporate office and reviewed by the president and senior management. If actual or potential conflict arises, the matter is discussed at the appropriate board level. Board or designated committee shall review each conflict within one month to determine if a conflict exists. If a conflict exists, interested party must abstain from participating in discussion or decision-making on this matter. The minutes of the board shall record the names of the persons who were found to have an actual or potential conflict of interest, the nature of the conflict, follow up, and board's decision as to whether a conflict of interest in fact existed. The minutes will also record the board vote and persons who abstained and any alternative to the proposed transaction or arrangement. Intentional violation of this policy constitutes cause for termination or removal.”

“Process for determining compensation salary survey data was utilized. In addition, a performance evaluation process was followed, and included board of directors, staff, and outside stakeholders.”

“Public availability for other documents the organization's form 1023 and form 990 are both available upon request of the administration officer. Form 990 can also be viewed at a third party's website - www.guidestar.org.”

“Change in beneficial interest in assets held by community foundation 359. Bad debt expenses -147,000.”