Centro Medico Community Clinic Inc

“The board reviews and approves of the form 990 before it is filed.”

“Directors and officers of the corporation and other persons in a position to influence corporate decisions are required to disclose all actual and potential conflicts of interest. The ceo reviews the conflict of interest statements.”

“The board of directors determines and approves the compensation of the organization's officers and key employees.”

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

“Laboratory fees: program service expenses 8,697. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,697. Medical consultants: program service expenses 3,240,725. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,240,725. Outside services: program service expenses 428,667. Management and general expenses 107,167. Fundraising expenses 0. Total expenses 535,834. Professional fees: program service expenses 956,875. Management and general expenses 239,219. Fundraising expenses 0. Total expenses 1,196,094.”

“There have been no changes in the oversight or selection process during the year.”

“In march 2023, the organization reached a final settlement agreement with parties involved in a lawsuit. As a result, the organization recognized an aggregate settlement cost of $8,470,861 through may 31, 2023. During the year ended may 31, 2023, the organization paid $5,159,554 of the $8,470,861 that is due. The settlement cost for the year ended may 31, 2023, was $6,145,861 and this amount is included as settlement costs in other expenses and losses on the accompanying statement of activities. The settlement payable of $3,311,307 was outstanding as of may 31, 2023. This amount is included in accrued liabilities on the accompanying statement of financial position. Subsequent to year end, the organization has made an additional $1,735,430 in payments. As of february 8, 2024, the amount due is $1,575,877. The organization is expected to repay the remaining balance by september 2024.”