Avalon Medical Development Corporation

“The organization used a management company to perform management duties during the year. The organization contracted cfo services from lovrich tax and business services. John lovrich, listed in part vii, section a is the owner. The organization paid $278,678 for these services during calendar year 2023 as listed in part vii, section b.”

“The draft form 990 is provided to the board either at the board meeting or electronically if one is not scheduled within a reasonable period before being filed.”

“Prior to conducting a business session at a meeting of the board, board members shall disclose and discuss their individual conflicts or potential conflicts. In the exercise of voting rights by members of the board, no individual shall vote on any issue, motion or resolution which directly or indirectly inures to his or her benefit financially or with respect to which he or she has any other conflict of interest, except that such individual may be counted in order to qualify a quorum and, except as the board may otherwise direct, may participate in the discussion of such an issue, motion or resolution if he or she first discloses the nature of his or her interest. After disclosure of the position or financial interest and all material facts, and after any discussion with the interested person, he or she will leave the board meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board members will decide if a conflict of interest exists.”

“The organization's board of directors will make determinations regarding the ceo's compensation annually. The executive compensation committee conducts necessary research and data collection, and brings forth recommendations, subject to review and action by the independent board members. The ceo establishes salaries of other officers in accordance with the organization's corporate policies. Changes are subject to review and approval by independent board members.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Physician fees: program service expenses 1,893,835. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,893,835. Consulting fees: program service expenses 377,794. Management and general expenses 217,887. Fundraising expenses 0. Total expenses 595,681. Repairs and maintenance services: program service expenses 135,169. Management and general expenses 77,956. Fundraising expenses 0. Total expenses 213,125. Other professional services: program service expenses 1,768,946. Management and general expenses 1,020,211. Fundraising expenses 0. Total expenses 2,789,157.”