Ole Health

“From november 2017 - february 2017, the organization contracted with emma mayer, an independent consultant, to fulfill the role of interim cfo. Thereafter, the organization contracted with bill deane, an independent consultant, to fulfill the role of interim cfo until august 2018, when the interim title was removed and he was elevated to a full-time employee.”

“The organization utilized a professional accounting firm to prepare the form 990, who worked in conjunction with the organization's finance and accounting team to gather the required information. Upon review of the form 990 amongst the organization's management team, the form 990 was then sent to the audit & benefits committee of the board of directors for review and approval. The audit committee also presents the results of its review process to the board of directors, who receives a copy of the form prior to filing with the internal revenue service.”

“All employees and board members must complete and sign a conflict of interest disclosure statement annually. It is also the continuing responsibility of the board, officers, and management employees to scrutinize their transactions, outside business interests, and relationships for potential conflicts and to immediately make such disclosures. Transactions with parties with whom a conflicting interest exists may be undertaken only if all of the following are observed: (1) the conflicting interest is fully disclosed; (2) the person with the conflict of interest is excluded from the discussion and approval of such transaction; (3) a competitive bid or comparable valuation exists; and (4) the board has determined that the transaction is in the best interest of the organization. Disclosure from employees of the organization should be made to the chief executive officer (or if he/she is the one with the conflict, then to the board chair); disclosures involving directors should be made to the board chair (or if he/she is the one with the conflict, then to the board vice chair).”

“The ceo and cfo salaries are approved by the board of directors after performance reviews and compensation studies. The other key leadership positions are based on a compensation study done by an independent firm every two to three years. If necessary to evaluate outside of that time period, the human resources department will evaluate by soliciting external compensation data and place the position appropriately within the organizational structure.”

“The audited financial statements, conflict of interest policy, and governing documents are available upon request. Bound copies of audited financial statements are available at the administrators desk for anyone who asks for a copy. The most recent audited financials and form 990 are published on our website. Also we publish a community report with condensed financial information included.”

“Revisions have been made to the prior year balance sheet (as reflected on the form 990 for the tax year ending june 30, 2018) when compared to the amounts declared on the form 990 for the tax year ending june 30, 2017 to conform with adjustments made on the audited financial statements. There were no adjustments to total assets, liabilities, or net assets; rather, these adjustments are simply changes in classification.”