Woods Services Workers' Compensation Trust

“The tax return is reviewed by the vp finance 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.”

“All board members and officers complete a conflict of interest questionnaire annually. If a board member is determined to have a conflict with regard to a particular issue, the member abstains from voting on the issue. In addition, contract and business relationships are scrutinized for possible conflicts. Staff are required to report any conflicts of interest with contractors, carriers, suppliers, consultants, parents, agencies and other persons doing business with woods services and its related organizations. Reported conflicts are investigated depending on the nature of the conflict. Based on the outcome of the investigation, a range of actions from either an employee counseling statement to termination could occur.”

“Compensation for the ceo and other officers is determined through a process overseen by an indpendent trustee in his/her role as chairman of the compensation/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 the deliberations regarding compensation for the vice presidents. The chairman of the personnel/pension committee documents the final recommendations and determinations.”

“Governing documents, policies and financial statements are available in the office of the chief financial officer for public review upon request.”

“Changes in claims incurred but not reported 590,423.”