Faulkton Area Medical Center

“The executive committee is comprised of the chair, vice chair, and secretary/treasurer. The executive committee shall have power to transact all regular business of the facility during the interim between the meetings of the board of directors, provided any action taken shall not conflict with the policies and expressed wishes of the board of directors and that it shall refer all matters of major importance to the board of directors. Any action taken by the executive committee is later presented to the board of directors and they can elect to either condone or reverse the actions.”

“Susan miller and john miller have a family and business relationship.”

“The ceo and cfo completed a detailed review of the form 990 and presented it to the board for discussion and review at a regular board meeting.”

“Faulkton area medical center (famc) regularly and consistently monitors and enforces compliance with their conflict of interest policy. Any officer, director, employee or committee member of famc is considered a covered individual under the current conflict of interest policy. The determination of whether a conflict exists is made by majority vote by the body, usually the board, to which such disclosure was made. Conflicts are reviewed on two levels depending on the individual(s) involved. The board settles disputes regarding conflicts involving any board member. Famc administration settles all other conflicts. After a conflict is deemed to exist, the individual(s) involved is not allowed to cast a vote; however, he/she is counted for the purposes of a quorum.”

“Annually, faulkton area medical center (famc) reviews the sdaho compensation data survey and conducts an individual interview and/or discussionbetween the ceo and the board of directors to determine ceo compensation. The board of directors is responsible for reviewing the ceo's performance annually and the full board of directors, which must approve the final compensation decision. In 2024, the compensation determination for the chief financial officer (cfo) was based solely on the ceo's evaluation, with consideration given tothe sdaho salary survey. The board of directors, in collaboration with the ceo, holds the authority to approve the cfo's compensation.”

“Documents are made available upon request.”

“340b contract: program service expenses 114,684. Management and general expenses 0. Fundraising expenses 0. Total expenses 114,684. Ami collection agency: program service expenses 0. Management and general expenses 20,806. Fundraising expenses 0. Total expenses 20,806. Purchased services: program service expenses 728,995. Management and general expenses 427,204. Fundraising expenses 0. Total expenses 1,156,199. Other expenses: program service expenses 0. Management and general expenses 26,939. Fundraising expenses 0. Total expenses 26,939.”

“Change in net interest of the foundation 11,186.”