Wyandot Health Foundation Inc.

“The form 990 is prepared by the foundation's independent accounting firm in coordination with management. A complete draft of the return is presented to board leadership prior to filing. Board leadership is given the opportunity to review the document, ask questions, and provide feedback. Final approval for submission is granted after this review process, ensuring accuracy and transparency in financial and organizational reporting.”

“The foundation enforces its written conflict of interest policy on an annual basis. Each board member, officer, and key employee is required to complete and sign a conflict-of-interest disclosure form. Disclosures are reviewed by board leadership and the executive director. In the event a conflict arises, the individual is required to recuse themselves from discussion and voting on related matters. The policy is reviewed periodically to ensure continued compliance and best governance practices. During the 2024 fiscal year, the wyandot health foundation operated in accordance with the policies and procedures of wyandot memorial hospital, including those related to conflict of interest, document retention, whistleblower protection, and financial controls. The foundation's board of directors recognizes the importance of clearly defining and documenting these shared governance practices. Accordingly, the board intends to adopt a formal resolution reaffirming adherence to the hospital's applicable policies while establishing foundation-specific policies related to gift acceptance, investment management, and donor stewardship. This action will ensure continued alignment with the hospital's mission while maintaining appropriate independence and compliance as a supporting organization.”

“The wyandot health foundation does not pay any salaries or provide employee benefits directly. All compensation for staff who perform foundation-related duties is paid by wyandot memorial hospital. The hospital determines compensation through its established review and approval process in accordance with its compensation policies and applicable regulatory standards. The foundation board does not determine or approve compensation for any employees.”

“The foundation's governing documents, conflict of interest policy, and financial statements are available to the public upon request. Additionally, the organization's form 990 is made available in accordance with irs public-disclosure requirements. Requests for copies or information may be directed to the executive director at wyandot memorial hospital, and documents are also made available on the hospital's or foundation's website when appropriate.”

“The foundation's financial statements are audited annually by an independent certified public accounting firm. The audit process includes a review of internal controls and financial-reporting procedures. The audited financial statements and auditor's report are presented to the board of directors for review and acceptance. Any findings or recommendations from the audit are addressed by management and reviewed by the board to ensure continued accountability and compliance.”