Missouri Health Connection

“The organization had one member, velatura hie (vhie) corporation.”

“The sole member of mhc is velatura hie corporation (vhie). Vhie is 100% controlled by velatura public benefit corporation (vpbc). Vpbc has authority to appoint three directors. Two additional directors are appointed by mhc. The serving board of directors has authority to appoint three additional directors. The chief executive officer of vpbc serves as a director, ex officio.”

“Form 990 is shared with the board either at a regular board of directors meeting or via formal electronic communications.”

“All conflicts of interest forms have to be submitted annually to the organization by all officers, directors or trustees and key employees.”

“Compensation structures for highly compensated employees, including the president, are established following a national market review of similar positions. Our philosophy is to provide a competitive compensation package, understanding the business reality of needing to closely manage overall expenses. Compensation is reviewed and approved by the executive committee of the board.”

“Requests for governing documents, conflict of interest policy, and financial statements can come in through official website https://velatura.org/contact/ and are tracked in the velatura help desk.”

“In december 2020, missouri health connection (mhc) became a full-owned subsidiary of velatura hie corporation (vhie). During the year ended december 31, 2022, the operations of mhc were transitioned to vhie and vhie began the dissolution process for the mhc entity. As of 5/1/2022, mhc ceased activity and paperwork for dissolution was filed 10/11/2022, with the termination effective year-end.”

“Contract & labor services 550,393 0 0 other nonemployee services 114,550 38,183 0 total 664,943 38,183 0”

“Transfer to vhie (see sch n) -1,558,111”

“The finance committee reviews the audit and selection of an independent accountant. They provide a recommendation to the board of directors who approves the audit and an independent accountant.”