Hillsboro Area Hospital Inc

“Healthtech management services, inc. Dba healthtechs3, provides management and ceo services. Michael alexander, president & ceo of hillsboro area hospital, is employed by healthtechs3. The amount paid in total to healthtechs3 is included in part vii, section b. The specific amount paid for ceo services in particular within that total was $809,933. This also includes services to hillsboro area hospital and other related parties listed on schedule r.”

“Hillsboro area health system nfp, a not-for-profit corporation is the sole corporate member of hillsboro area hospital, inc. The hospital also has individual members. There are two classes of individual members. Annual (regular) and life members make up the classes of individual members.”

“Only the individual members can elect members to the governing body. The voting of directors to the board only occurs in october. In addition, the sole corporate member must approve all board members.”

“The corporate member, hillsboro area health system nfp, approves all amendments to the articles of incorporation or to the bylaws of the corporation and approves hospital board members elected. The only voting right of the individual members is the right to elect directors. In addition, hillsboro area health system nfp must approve such items as budgets, strategic plans, large unbudgeted capital expenditures, land sales, etc.”

“The cfo reviews the form 990 and provides a copy of the 990 to each member of the board for review. The board then votes on the approval of the 990 as it is or contingent upon changes prior to filing.”

“Annually, employees complete and sign a disclosure statement and the board of directors complete and sign a conflict of interest form. The board reviews the disclosures and takes appropriate action to resolve any issues. If a conflict exists, the board member shall abstain from voting on the matter.”

“A performance evaluation is completed and discussed in executive session by the board of directors for executive employees. The process for determining compensation includes reviews of salary ranges for the positions per various databases and/or material available.”

“The governing documents, conflict of interest policy, and financial statements are not made available to the public.”

“Emergency room professional fees: program service expenses 2,211,301. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,211,301. Other physician fees: program service expenses 844,274. Management and general expenses 0. Fundraising expenses 0. Total expenses 844,274. Other professional fees: program service expenses 2,137,226. Management and general expenses 1,341,286. Fundraising expenses 0. Total expenses 3,478,512.”

“Net assets released from restrictions -522. Change in interest in net assets of foundation 104,173. Transfer to hillsboro area health system nfp -500,000.”

“The board of directors of the organization work closely with hillsboro area health system nfp and the other related entities to select and appoint the auditor of the financial statements.”