Riverview Hospital Foundation Inc

“Riverview health foundation is a public benefit corporation organized as a nonprofit corporation under section 501(c)(3). There are two classes of members in the corporation, board members and hospital member. The number of members of the board of directors are between 3 and 30. There are two classes of directors, namely community and hospital. Community directors shall be elected by the members. Hospital directors are appointed by the hospital member, riverview hospital (d/b/a riverview health).”

“There are two classes of directors, namely community and hospital. Community directors shall be elected by the members. Hospital directors are appointed by the hospital member, riverview hospital (d/b/a riverview health). Hospital directors may only be removed by the hospital member.”

“The hospital member shall have the sole authority to approve the following matters: approving the operating and capital budgets, approving any unbudgeted expenditure in excess of $1,000, appointing or removing the executive director, granting any naming rights or signage in any facility of the hospital member, incurring any debt in excess of $1,000, entering into any transactions that are affiliated with a competitor of the hospital member, dissolving the corporation, entering into a material transaction outside the ordinary course of business, and adopting or revising any policy that would have a material adverse impact on the hospital member.”

“Form 990 is prepared by an independent cpa firm, drafts are reviewed by the foundation's executive director, foundation's executive committee, foundation's board of director chair, and cfo of riverview health. Draft changes are made and a final copy of the form 990 is reviewed and approved by the foundation's executive committee as well as provided to all voting board members.”

“The riverview health foundation is a charitable organization whose board members and foundation managers are chosen to serve the public purposes to which it is dedicated. These persons have a duty to conduct the affairs of the foundation in a manner consistent with such purposes and not to advance their personal interests. The conflict of interest policy is intended to permit the foundation and its board members and foundation managers to identify, evaluate, and address any real, potential, or apparent conflicts of interest that might, in fact or in appearance, call into question their duty of undivided loyalty to the foundation. Riverview health foundation requires each member of its board of directors and foundation executive director annually 1) to review the conflict of interest policy; 2) to disclose any possible personal, family, or business relationship that reasonably could give rise to a conflict of interest or the appearance of a conflict of interest, and 3) to acknowledge by his or her signature that he or she is acting and will act in accordance with the letter and spirit of such policy.”

“The individuals identified as executive director, other officers, and key employees for riverview health foundation are employees of riverview health and solely compensated by riverview health. The determination, review and documentation of this process is undertaken by riverview health. The process for determining compensation entails a collection of comparable data from other third party surveys annually by the human resources department of riverview health and documenation of decisions for approved salaries and wages by the human resources department.”

“The governing documents, conflict of interest policy, and financial statements are available upon request.”

“The foundation's board of directors and executive committee assume responsibility for oversight of the audit of the financial statements and no processes have changed from the prior year.”