Anchorum St Vincent

“The organization changed its bylaws by replacing christus st. Vincent regional medical center with anchorum health foundation as the designated supported organization. Also, the board of directors of anchorum st. Vincent is now appointed by anchorum health foundation.”

“The bylaws were updated in august 2023 to reflect that the board of directors of anchorum health foundation shall appoint the board members for anchorum st. Vincent.”

“The following items require the written approval from anchorum health foundation: (a) amend, revise or restate the articles of incorporation or the bylaws of the corporation; (b) adopt or change the mission, purposes, philosophy or objectives of the corporation; (c) designate the number of the directors of the corporation; (d) appoint and remove the board of directors and any one or of the directors of the corporation; (e) appoint and remove the chair of the board of directors or make any modifications to the duties and obligations of the chair of the board of directors; (f) amend, revise or restate that certain pledge agreement entered into as of august 31, 2023, between the corporation and the supported organization; (g) approve the purchase, sale, alienation, exchange, lease or encumbrance of any real property of the corporation, which property has value in excess of limits set from time to time by the supported organization; (h) approve debt incurred by the corporation in an amount in excess of limits set from time to time by the supported organization; (i) approve the annual capital and operating budgets for the corporation; (j) approve the strategic plan and annual goals of the corporation; (k) approve the merger, dissolution, consolidation or reorganization of the corporation; (l) approve the sale or other disposition of all or substantially all of the assets of the corporation upon dissolution or otherwise; (m) approve any joint venture or other affiliation involving the corporation; (n) appoint or remove the president and executive director of the corporation or make any modifications to the duties and obligations of the president and executive director of the corporation; (o) approve the financial policies and procedures of the corporation and approve any deviations from such policies and procedures by the corporation; and (p) adopt policies to implement the reserved powers of the supported organization.”

“The form 990 was provided to the board for their review prior to filing.”

“Every director and officer, in a manner and form prescribed by the conflict of interest policy adopted by the board, is required as a condition of his or her office to fully disclose any potential conflict of interest as defined in the approved conflict of interest policy. Any person with a potential conflict of interest does not participate in any deliberation or vote on any matter which gives rise to an actual or perceived conflict.”

“The president/ceo's salary is determined by the board of directors utilizing the prior year's council on foundations salary survey. The organization does a periodic review of peer data from the council on foundations annual study to compare compensation and benefit offerings for its other senior leaders. The board's deliberation and decision on the president/ceo's salary is documented.”

“The organization's governing documents and financial statements are made available on the new mexico attorney general's website. The conflict of interest statement is not made available to the public.”

“Anchorum st. Vincent changed its bylaws to become the supporting organization to its parent organization, anchorum health foundation, which has a mission to improve the conditions that have the greatest influence on the health of communities and people in the northern new mexico region.”

“The organization transitioned its grantmaking program to its parent organization, anchorum health foundation, during 2024.”

“Reversal of grant expense 425,000.”