Woods Services Workers' Compensation Trust

“Process Used By Management and/or Governing Body To Review 990: The tax return is reviewed by the Corporate Controller and Chief Financial Officer. The complete Form 990 is provided to all Board Members for their review prior to filing with the Internal Revenue Service. FORM 990, PART VI, QUESTIONS 15A AND 15B: PROCESS FOR DETERMINING COMPENSATION: The Organization does not have any paid employees; all compensation to officers reported on Part VII of the Form 990 was paid by a related organization. The process used to determine compensation for these individuals is reported on that Organization's Form 990 and is as follows: COMPENSATION FOR THE CEO AND OTHER OFFICERS IS DETERMINED THROUGH A PROCESS OVERSEEN BY AN INDEPENDENT TRUSTEE IN HIS/HER ROLE AS CHAIRMAN OF THE COMPENSATION AND BENEFITS COMMITTEE. THIS COMMITTEE MAKES RECOMMENDATIONS SUPPORTED BY: 1) COMPARABILITY DATA AVAILABLE THROUGH A MAJOR ANNUAL COMPENSATION SURVEY OF SIMILAR AGENCIES THROUGHOUT SEVEN STATES, AND 2)COMPARABILITY OF LOCAL/REGIONAL NONPROFITS OF SIGNIFICANT SIZE. RECOMMENDATIONS ARE PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FOR FINAL APPROVAL. NO OFFICERS OR STAFF ARE INVOLVED IN THE DELIBERATION REGARDING COMPENSATION FOR THE CEO. THE CEO DOES PARTICIPATE IN DELIBERATIONS REGARDING COMPENSATION FOR THE VICE PRESIDENTS. THE CHAIRMAN OF THE PERSONNEL/PENSION COMMITTEE DOCUMENTS THE FINAL RECOMMENDATIONS AND DETERMINATIONS.”

“Avaliablity of Governing Documents, Conflict of Interest Policy, & Financial Statements to the General Public: GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE IN THE OFFICE OF THE CHIEF FINANCIAL OFFICER FOR PUBLIC REVIEW UPON REQUEST.”

“Other Changes In Net Assets: Changes In Claims Incurred But Not Reported: ($702,182)”