Distribution Cooperative Inc.

“The organization had nine members in 2020: gwinnett hospital system, inc., floyd healthcare management, inc., dba floyd medical, northeast georgia health systems, inc., navicent health, tift regional health system, inc., phoebe putney health system, inc., hamilton health care system, inc., archbold memorial hospital, and south georgia medical center. During 2019 navicent health, floyd healthcare mangement, inc. And gwinnett hospital system, inc. Submitted their intent to withdraw from the cooperative. During 2020 navicent health and floyd healthcare management fully withdrew from the cooperative.”

“Each member has the right to appoint one director.”

“The organization has a policy which requires that copies of the form 990 shall be provided to the president, executive director, chief financial officer, and board of directors prior to its annual 990 filing. Recipients receive a draft of the 990 for review in ample time prior to filing, and then discuss and approve the 990 in a meeting of the board of directors.”

“The organization has a conflict of interest policy which requires that all board members, officers, employees, and leased employees working at the facility complete and sign a conflict of interest statement annually. All signed statements are reviewed by the secretary of the organization and kept on file with other key company records.”

“The organization's by laws state that officers shall receive such reasonable salary or compensation as may be fixed by the board of directors in accordance with policies and procedures adopted by the board of directors regarding the methodology for setting such salary or compensation in accordance with applicable internal revenue service rules, regulations or guidelines. Additionally, the organization has a compensation policy. This policy states that on an annual basis an independent, third party audit firm will be engaged to review the executive director's annual compensation. It also states than an independent, third party audit firm will be engaged once every two years to review total compensation of the organization's key employees whose total compensation exceeds $100,000, such that the total compensation package is considered fair market value and not excessive. This third party's findings pertaining to the executive director's compensation are to be presented to the board of directors for their review at the annual january board meeting for board consideration and vote. The third party's findings pertaining to the compensation of the organization's key employees are reviewed by management.”

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

“Other purchased services: program service expenses 230,091. Management and general expenses 0. Fundraising expenses 0. Total expenses 230,091. Gasoline: program service expenses 207,022. Management and general expenses 0. Fundraising expenses 0. Total expenses 207,022. Supplies: program service expenses 100,674. Management and general expenses 0. Fundraising expenses 0. Total expenses 100,674. Miscellaneous expenses: program service expenses 52,782. Management and general expenses 0. Fundraising expenses 0. Total expenses 52,782. Federal tax: program service expenses 19,164. Management and general expenses 0. Fundraising expenses 0. Total expenses 19,164. State tax: program service expenses 7,922. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,922.”

“Membership interest redemption -3,285,464.”