Tomah Memorial Hospital

“The Executive Committee includes the Corporation's officers and Chairmen of Standing Committees. The Executive Committee has power to transact all regular business of the Corporation during the period between the meetings of the Board of Directors subject to any prior limitation imposed by the Articles of Incorporation, these Bylaws, or the Board, and with the understanding that all matters of major importance will be referred to the Board of Directors. The Chairman of the Board presides as Chairman of Executive Committee and the Treasurer presides in the Chairman's absence. Actions of the Executive Committee are subjected to approval or disapproval at the next regular Board of Directors meeting except for those actions taken pursuant to delegation by the Board of Directors.”

“Derek Daly, CEO of Tomah Memorial Hospital, is employed by HealthTechS3, an unrelated management company. This position has the responsibility of supervising the management, administration and operation of the organization. HealthTechS3 was compensated $482,208 for Derek's services provided to Tomah Memorial Hospital.”

“A copy of the Form 990 is provided to the Board before it is filed. The CEO, CFO, and Executive/Finance Committee review the draft in detail.”

“All members of the Board and Administration team are covered by the conflict of interest policy. Potential conflicts are contracts or transactions between the Hospital and a Director or another corporation, firm, association, or entity in which there is a material financial interest. The Hospital administration reviews annual statements for potential conflicts. If the Hospital Administration determines there is a conflict, the person involved must abstain from voting on any matter related to the conflict.”

“The Administrator and CEO positions are employed by HealthTechS3. The Board approves the contract on a three-year period with two one-year renewal clauses. Comparability data is used during this process and the decision is documented. The contract was renewed for five years from 7/1/22 through 6/30/27 with an out clause on 6/30/25 provided 120 days notice is given. The CEO makes recommendations to the Finance/Executive Committee of the Board for other officers. Comparability data is used during this process and the decisions are documented. This is an annual process completed each fiscal year.”

“The Organization's governing documents and conflict of interest policy are not available to the general public. Financial statements are available through the Organization's bond issuer on the internet, and the Organization presents an annual report to the community, open to the general public, in which a financial report is presented. Additionally, an annual financial report is included in the quarterly mailings the Organization sends to all community members.”

“Purchased services: Program service expenses 13,499,196. Management and general expenses 558,509. Fundraising expenses 0. Total expenses 14,057,705. Professional fees: Program service expenses 0. Management and general expenses 674,169. Fundraising expenses 0. Total expenses 674,169.”

“Net change in fair value of beneficial interest in perpetual trust 197,427.”