Madison County Hospital Foundation

“Any power or authority herein, or by law, conferred upon the board of trustees, may, in the intervals between meetings of the board of trustees, be exercised by the executive committee.”

“Officers dana e. Engle, virginia kronk and michael s. Browning have a business relationship.”

“The foundation's code of regulations provides that the trustees of the corporation shall be the members of the corporation for the purpose of any statute or law relating to corporations.”

“The chief executive officer, the chief financial officer, and the chief development officer of madison county community hospital and the mch auxiliary president serve as four of the trustees of the foundation by virtue of their positions with the hospital.”

“The form 990 will be made available to the president of the board only by way of a secured web portal and to the executive director of the foundation in person. In addition, it is reviewed by the treasurer of the organization.”

“The organization does not have its own conflict of interest policy but follows that of madison county community hospital ("mcch"). Annually, the ceo, executive officers, treasurer and board members receive a copy of mcch's conflict of interest policy. In addition, they are asked to complete and return the conflict of interest agreement and annual disclosure statement to mcch's administrative office. The conflict of interest statements are reviewed and retained on file. Any interests so disclosed are dealt with appropriately as the conflict arises and in accordance with policy procedures.”

“Process for determining compensation: the organization does not have employees but rather three of its board members are or were employees of madison county community hospital whose process for determining compensation includes a review and approval by independent persons, the use of comparability data and contemporaneous documentation of the deliberation and process.”

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

“The organization has not adopted whistleblower or document retention and destruction policies but the organization does follow the whistleblower and document retention and destruction policies of madison county community hospital.”

“Madison county hospital foundation financial statements are audited by an independent accounting firm. In addition, the organization has a joint committee with madison health that assumes the responsibility for the oversight of the audit of its financial statements and its selection of its independent accountant. This process has not changed from the prior year.”