Martins Run

“The board of trustees may delegate from time to time certain powers to the chair and executive committee as may be needed or as may be required to transact business on behalf of the corporation.”

“Effective march 2015 martins run became affiliated with wesley enhanced living. Upon affiliation the organization is now doing business as wesley enhanced living main line, and the by-laws have been re-written. The new by-laws have reduced the number of board members from 15-21 to 3-5. The new by-laws recognize evangelical services for the aging as the sole member or the organization. The new by-laws limit the powers of the board through requiring approval from the sole member for the budget, to assume debt, purchase or sell, develop contracts, transfer property, amend articles or revise bylaws. The new by-laws have adjusted the term limits to allow for three year terms with no limit on the number of terms severed. The new by-laws now allow for vacancies to be filled only by the organization's sole member. The new by-laws no longer require meetings to be held regularly, only required to be held at least annually. The new by-laws no longer list out ocmmittees of the board, and committees shall instead be created at the discreition of the board. The new by-laws have reduced officers to only chair, secretary, and treasurer.”

“Management prepares the base information. Management sends the prepared information to a third party for review and submission. Once the third party completes the form, the budget and finance committee will review final drafts prepared by the third party. If no objections are noted, approval is given to the third party to file.”

“No part of the net earnings of the corporation shall inure to the benefit of or will be distributable to its directors, officers, or other private persons. No officer, director, trustee or employee or their spouses shall be involved in a relationship with any professional service, firm, association, trust, partnership, or corporation which does, will, or may provide goods, leases, or services to the facility unless such relationship is made public to the board in writing and said individual recuses him/herself from any discussions or votes relating to such relationship. In addition, no officer, director, or trustee shall be employed or serve on a board or committee of any organization that directly competes with martins run. It is the intent of the board to minimize or eliminate any such conflicts or appearances of conflict of interest. In the event that a matter arises where there is a perceived, potential, or actual conflict after signing the yearly acknowledgement form, the board member agrees to undertake the following procedures: disclose orally or in writing, as appropriate, to the full board any transaction or interest which results or could result in a conflict or appearance of a conflict between the interest of martins run and his/her personal interest. This includes any interest with which the board member or a member of his/her immediate family is associated. Recuse himself/herself from participation in any such decisions and discussions. Determine with the board chair, by-laws chair, and the ceo whether any action is required. If necessary, the board member may be required to divest himself/herself of the relationship which gives rise to the conflict, or resign from the board immediately.”

“A leading age pa wage survey was used to determine the compensation of the organization's ceo, executive director, and highest paid executives. In addition, an executive committee comparision of leading age pa statistics are taken into consideration. Process last took place in 2014.”

“Governing documents, conflict of interest policy, financial statements are available to the public upon request.”

“Write-off beginning net deficit 3,959,109. Write-off net earnings through march 2015 -551,448.”