Touchette Regional Hospital

“The organization has one member, southern illinois healthcare foundation.”

“The member appoints the directors to the board.”

“The member shall approve all amendments to the articles or bylaws that are proposed by the board of directors, shall approve any capital purchases or leases in excess of $250,000, shall approve the disposition, sale or transfer of property and real property owned by the organization with a value in excess of $250,000, shall approve the annual budget submitted by the board of directors and shall approve any resolution of the board of directors authorizing the dissolution or liquidation of the organization.”

“The 990 is prepared by the independent cpa firm that also conducts the annual audit. A printed and electronic copy of the 990 was made available to the board. The cfo also offered to sit down with any board member who wanted to review the 990. Finally, an electronic copy was sent to scott moore, legal counsel for touchette regional hospital.”

“All members of the board must sign a conflict of interest policy annually and disclose any conflicts that may exist. Board members must disclose and business conducted with the organization and recuse themselves of any vote in which a conflict arises as a result.”

“The compensation committee meets annually, and reviews/approves the compensations of those executives that make 90k or more annually. An executive is defined as those persons holding positions meeting the definition of a "disqualified person" under irc section 4958. More commonly, these are people in upper management who have substantial influence and/or manage a segment or activity of trh that represents a substantial portion of the activities. These conclusions are based upon the findings and recommendations of our independent external compensation consultant.”

“Governing documents, conflict of interest policy and financial statements are made available to the public upon written request.”

“Professional fees: program service expenses 6,519,681. Management and general expenses 532,087. Fundraising expenses 0. Total expenses 7,051,768. Purchased services: program service expenses 15,315,859. Management and general expenses 4,378,718. Fundraising expenses 0. Total expenses 19,694,577.”

“EQUITY TRANSFER 18,000.”

“This process did not change in current year.”