Katherine Shaw Bethea Hospital

“The executive committee shall consist of the board chairperson as chairperson of the committee, the vice chairperson, the secretary, the treasurer and the chief executive officer. The executive committee shall have the power to transact all regular business of the hospital during the interim between board meetings provided any action taken shall not conflict with the policies and expressed wishes of the board.”

“Board members are elected by a majority vote of the city council of the city of dixon, illinois. If two-thirds or more of the board positions are vacated in any one year, the mayor of the city of dixon, illinois, would have the power to appoint all board members to fill such vacancies.”

“The mayor may, by and with the consent of the city council, remove any director for misconduct or neglect of duty.”

“Full complete copies of the form 990 are provided to the entire governing body and management prior to filing, with a review at the board meeting to address any questions that may arise.”

“On an annual basis, a conflict of interest questionnaire is distributed to all members of the governing body and management to identify any conflicts of interest. In addition, on an ongoing basis, prior to each board action, each voting officer is responsible to self-evaluate to determine whether a conflict of interest is present. An individual with a potential conflict discloses the matter to the board or committee. After disclosure of the relevant facts, that individual leaves the room while the remaining board or committee members vote on whether a conflict of interest exists. In the instance that conflict exists, the necessary parties are excused from the room while the remaining board or committee members discuss the transaction and vote on the matter. If an individual fails to disclose a conflict, the board will take appropriate disciplinary and corrective action.”

“The organzation engages an outside consultant to provide comparability compensation data for the ceo position. The outside consultant provides the board with a suggested range for compensation. The board and compensation committee then reviews the information received and determines the compensation of the ceo with legal counsel. The board approves in advance and documents the compensation determinations in the board minutes on a timely basis. A five year contract was negotated. This contract is in effect for 2024. The vice presidents' (cfo, cno, cpo(chief practice officer), cmo and cao) compensation are determined by providing the ceo with comparability data. The comparability data is gathered by the human resources department. The ceo determines the appropriate compensation for the vice presidents and presents a report to the compensation committee. Physcician compensation is negotiated at the time of contract renewal. The organzation engages an outside consultant to provide comparability data for the physicians.”

“Financial statements, governing documents and conflicts of interest policies are not required disclosures pursuant to irc section 6104. Portions of the financial statements are published in the annual report that is mailed to the local community. The governing documents and conflict of interest policy are not available to the public at this time.”

“Repairs and maintenance contracts: program service expenses 2,351,331. Management and general expenses 333,036. Fundraising expenses 0. Total expenses 2,684,367. Professional: program service expenses 0. Management and general expenses 160. Fundraising expenses 0. Total expenses 160. Purchased: program service expenses 15,536,987. Management and general expenses 4,796,212. Fundraising expenses 0. Total expenses 20,333,199. Recognition: program service expenses 27,400. Management and general expenses 6,584. Fundraising expenses 0. Total expenses 33,984. Other: program service expenses 47,974. Management and general expenses 54,666. Fundraising expenses 0. Total expenses 102,640.”

“Changes in value of subsidiaries -190,035.”

“The process has not changed from the prior year.”

“During the 2023 tax year, the restrictions on the endowment funds were released, and as such, the funds no longer qualify as an endowment under asc 958. The funds were utilized for operations during the 2023 tax year. No funds were utilized in 2024 so part v is blank.”