Mountain Health Network Inc

“Governing documents amended to include a name change to marshall health network inc. The corporation will have no members now. It is the sole corporate member of cabell huntington hospital inc., st. Mary's medical center inc., pleasant valley hospital inc. Dba rivers health, and university physicians & surgeons inc. Dba marshall health. Marshall health network inc. Is now organized exclusively for charitable purposes within the meaning of section 501 (c)(3) of the internal revenue code of 1986, as amended, and any corresponding provision of any future internal revenue laws, as a supporting organization described in section 509(a)(3) of the code, the purpose of which is to operate exclusively for the benefit of, to perform the functions of, and to carry out the charitable, scientific, and educational purposes of the supported organization that it is now the sole corporate member of above. The corporation is to operate under the management of its board of directors. The board of directors will consist of thirteen voting members who will not have ongoing financial relationships with the employee, contractor, partner, or otherwise. The stipulations for who should be a board member, the board member terms to be serviced, and board member duties were changed as well. The articles were changed so that only the majority vote of the board of directors of the corporation can amend the articles of incorporation.”

“A draft of the form 990 is reviewed by drew hefner, director of financial decision support; beth cutler, financial manager; monte ward, cfo; and melissa leasure, general counsel. After review by these individuals, the final copy of form 990 is provided to the board members for their review.”

“Yearly, officers, directors, and key employees are sent an annual questionnaire addressing the conflict of interest policy. Each completed questionnaire is reviewed by the board members and general counsel to determine if a conflict exists. If a conflict does exist, an in-depth analysis is performed to determine any impact to the organization.”

“The executive compensation committee shall be composed of at least three members of the board, and shall meet at least twice each year. The composition of the executive compensation committee shall comply with the requirements of the board policy on conflicts of interest. The committee shall have the following specific duties and responsibilities. A. Annual evaluation of the performance of the president. The executive compensation committee shall make a written report of its findings, together with recommendations for compensation to the board. B. Annual evaluation of the performance of the chief physician executive, the chief financial officer, and such other vice presidents as the board shall determine to require evaluation by the executive compensation committee. The executive compensation committee shall make a written report of its findings, together with recommendations for compensation, to the board. C. Annual self-evaluation of the board and its members. D. Ensure that no personal loans are made to the president or other members of the administration of the corporation. In carrying out its duties, the executive compensation committee shall have the authority to hire compensation consultants and shall obtain data on compensation ranges for comparable executive positions at least every other year.”

“The form 990 will be available on guidestar. It is also available by requesting it.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon request through the in-house general counsel's office.”

“Professional services: program service expenses 433,108. Management and general expenses 76,431. Fundraising expenses 0. Total expenses 509,539. Purchased services: program service expenses 12,763,057. Management and general expenses 2,252,304. Fundraising expenses 0. Total expenses 15,015,361.”

“The annual financial statements are consolidated. The audit committee intermittently puts out bids for the annual audit and chooses what firm to engage. During the year auditors meet with this committee prior to audit and again to present audit. This process remains unchanged.”