Bethlen Home of the Hungarian Reformed Federation of America

“There are 9 non-independent voting members that serve as a board member on other Concordia Care Network entities are employed for services provided at related party organizations. Listing of board members that are employee as follows: Keith Frndak is Chief Executive Officer of Concordia Care Network and affiliates Brian Hortert is Chief Operating Officer of Concordia Care Network and its affiliates Michael Falbo is Chief Financial Officer of Concordia Care Network and affiliates, Erica Grubesky is Nursing Home Administrator of Harmony Physical Rehabilitation, Misty Ingram is Chief Operating Officer of Concordia Care Network and community-based affiliates, Natalie McKay is Director of Human Resources of Concordia Care Network and facility-based affiliates Martin Trettel is Chief Executive Officer of Concordia Visiting Nurses, Holly Vareha is Accounting Manager of Concordia of Monroeville, Tammy Young is Chief Financial Officer of Concordia Care Network and community-based affiliates.”

“Concordia Care Network is the sole member.”

“Concordia Care Network has the power to elect or appoint the governing board.”

“Concordia Care Network (47-3508524) has limited reserve powers over the organization's board of directors' decisions and actions.”

“The Concordia Care Network board of directors maintains reserve power on the binding decisions made by the board of directors of this organization. Due to the reserve powers maintained by the board of directors of Concordia Lutheran Ministries, it has been decided to present the form 990 of this organization to the board of directors of Concordia Lutheran Ministries for review prior to submission of this form. Additionally, any independent board member of this organization was offered an opportunity to review the form 990 prior to submission as well.”

“Concordia at Bethlen annually requires its board members, officers and key employees to complete a conflicts of interest form. During board meetings, if an interested party has a conflict, he/she recuses themselves from voting.”

“The board reviews comparability analysis for compensation and approves annually.”

“An annual report that summarizes the financial operations of the organization and its affiliates (including Concordia at Bethlen) which is mailed to all of its constituents and is available to the public upon request. The Concordia at Bethlen governing documents, conflict of interest policies, and financial statements are available to the public upon request.”

“All board members of Concordia at Bethlen serve on a purely volunteer basis. Any compensation to a board member by a related organization reported on Part VII and Schedule J, is for his/her service as an employee of that organization and not for his/her service as a board member.”

“The organization follows the guidance for accounting for uncertainty in income taxes recognized in an organization's consolidated financial statements that prescribes a recognition threshold of more-likely than not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold has been met. The standard also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, and disclosure. Management has determined that this guidance had no material effect on the consolidated financial statements. The organization's policy is to recognize interest related to unrecognized tax benefits in interest expense and penalties in operating expenses. There were no interest or penalties recognized on the statements of operations as a result of the guidance.”