Otterbein Homes

“The membership of the executive committee shall consist of the chair of the board, vice chair, chair of the finance committee and two directors designated by the chair of the board. The executive committee is authorized to act for the board of directors between regular and/or called sessions of the board. The executive committee has authority to make all decisions without having to wait and bring the action to the full board. Additionally, the executive committee shall review compensation information provided by consultants or organizations with expertise in this profession and recommend the compensation and benefits of president/ceo to the board of directors at their annual meeting. Any member of the committee may be excluded from meetings during discussions related to his or her employment or for reasons deemed appropriate by the committee. All actions of the executive committee shall be reported to the board at their next regular meeting.”

“The irs form 990 is provided to and reviewed by the officers and board of directors prior to filing.”

“In accordance with the by-laws, any possible conflict of interest on the part of any board member, corporate executive, executive director, or administrative staff member, or committee members, who are not members of the board of trustees of otterbein homes shall be disclosed to the board and made a matter of record, either through an annual procedure or when the interest becomes relevant to a matter of board action.”

“The independent executive committee of the otterbein homes board of trustees has the responsibility for determining the annual compensation for the officers by the use of industry specific data such as salary surveys from leading age and leading age ohio. The salaries of the key employees are determined by the officers using industry comparative data such as salary surveys from leading age and leading age ohio. The deliberations and decisions regarding compensation are documented. This process was last performed in 2023.”

“The annual report is provided to the public which includes the audited financial statement summary and is certified by the chief executive officer and the chief financial officer. The governing documents and conflict of interest policies are available upon request.”

“Otterbein staffing agency, llc was created to act as a staffing agency to otterbein's related entities to support the physical, emotional, and spiritual needs of seniors.”

“Nurse agency fees/contracted services: program service expenses 8,082,195. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,082,195. Other services: program service expenses 3,291,116. Management and general expenses 500,143. Fundraising expenses 5,535. Total expenses 3,796,794. Corporate service fees: program service expenses 0. Management and general expenses 3,385,713. Fundraising expenses 0. Total expenses 3,385,713. Performance appraisal - cp administration: program service expenses 0. Management and general expenses 814,550. Fundraising expenses 0. Total expenses 814,550.”

“Change in value of gift annuity -190,177. Change in minimum pension liability 464,809. Equity transfers -1,578,697.”

“The selection and oversight process has not changed.”

“Otterbein homes maintains records to identify and monitor the level of charity care it provides and maintains a benevolent assistance policy to provide care without charge or at reduced rates to residents who meet certain criteria. The organization has estimated its direct and indirect costs of providing care under its benevolent assistance policy using a cost-to-charge ratio based upon historical operating margins. Using this methodology, the organization has estimates the costs foregone for services and supplies furnished under the organization's benevolent assistance policy aggregated approximately $472,000 for the year ended december 31, 2023.”