Distribution Cooperative Inc.

“The organization had seven members in 2021: northeast georgia health systems, inc., tift regional medical center, phoebe putney health system, hamilton health system, archbold medical center, gwinnett health system, and south georgia medical center. During 2021, gwinnett health system 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.”

“Gasoline: program service expenses 248,573. Management and general expenses 0. Fundraising expenses 0. Total expenses 248,573. Property taxes: program service expenses 240,450. Management and general expenses 0. Fundraising expenses 0. Total expenses 240,450. Other purchased services: program service expenses 234,536. Management and general expenses 0. Fundraising expenses 0. Total expenses 234,536. Supplies: program service expenses 68,649. Management and general expenses 0. Fundraising expenses 0. Total expenses 68,649. Miscellaneous expenses: program service expenses 60,264. Management and general expenses 0. Fundraising expenses 0. Total expenses 60,264. Federal tax: program service expenses 7,415. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,415.”

“Membership interest redemption -1,144,561.”