Shady Rest Foundation Inc.

“An independent accounting firm prepares the form 990 and returns the draft to management of the organization. Management checks the return and has any suggested changes made before distributing it to the bod members. The return is sent to all bod members with their monthly board packets so that the return can be reviewed before the monthly bod meeting. At the meeting, an overview of the return is provided and any questions are answered. After the board meeting, the 990 is filed.”

“The process to determine compensation for the ceo (top management official) is directed by the executive committee of the bod. The evaluation is done after the financial audit is completed each fiscal year and represents measurable job performance standards. A reference book, nursing home salary and benefits report, is ordered each year and is used as a benchmark for all levels of management and staff for hiring and market factor increases. In addition, market factor surveys are conducted annually by the human resources department and data is obtained from similar organizations in our geographic area. Other officers or key employees are evaluated annually in writing according to their job descriptions by their supervisors. If merit increases are being given to managers, the merit increases are given according to a scale of points earned and using the same percentage increases as all staff and management receive.”

“The organization has certain governance information available through the corporate filing with the state and the reporting contained in the 990. In addition, the annual financial audit is available and distributed to interested parties (insurance companies, banks, etc.) in any administrative meeting of the organization, a financial update is provided.”