Graham Hospital Association

“The prepared form 990 is reviewed by the board of trustees, president and ceo, cfo, director of accounting, vice president of accounting and support services and senior accountant before filing with the irs. Before filing, the vice president of accounting and support services presents the form 990 to the organization's board of trustees.”

“Graham hospital requires that all trustees and administrative officers keep the board of trustees informed of potential conflicts of interest, and that each person make an annual declaration of such interest. A conflict of interest might exist when organizations in which trustees or officers have a material financial interest are either doing business with, competing with, or have a financial interest in graham hospital.”

“The compensation of the administrative officers is reviewed annually by the executive compensation committee of the board of trustees. The organization utilizes an outside firm, sullivan, cotter and associates, inc. To provide outside executive compensation information. The last review was completed in january 2020.”

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

“Graham added two new clinic locations in galesburg.”

“Outside contractors: program service expenses 1,389,453. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,389,453. Physicians: program service expenses 13,052,481. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,052,481. Service agreement: program service expenses 3,021,663. Management and general expenses 286,298. Fundraising expenses 0. Total expenses 3,307,961. Physical therapy: program service expenses 97,779. Management and general expenses 0. Fundraising expenses 0. Total expenses 97,779. Repair and maintenance: program service expenses 60,661. Management and general expenses 1,748. Fundraising expenses 0. Total expenses 62,409. Other fees: program service expenses 4,570,651. Management and general expenses 810,555. Fundraising expenses 0. Total expenses 5,381,206. Laundry services: program service expenses 322,419. Management and general expenses 0. Fundraising expenses 0. Total expenses 322,419.”

“Change in interest in net assets of foundation 386,151. Change in beneficial interest in perpetual trusts 601,679. Change in fair value of interest rate swap agreement -187,205. Contributions to restricted net assets -167,486.”