Aitkin Community Hospital Inc.

“Riverwood healthcare center has members.”

“Riverwood healthcare center has members who may elect members of the governing body.”

“The finance committee reviews and approves the 990 after preparation and recommends approval to the board. After approval by the board, the 990 is submitted to the internal revenue service.”

“Officers, directors, and key employees are required to disclose annually interests that could give rise to conflicts. Conflicts are discussed, reviewed, and forms are signed annually by each board member. This is done at the hospital's annual reorganizational meeting. Section 1. Purpose the purpose of this policy is to provide a means by which to address any conflict of interest involving the boards of directors, officers, licensed independent, contract, or employed practitioners, and employees that affect or have the potential to affect the safety or quality of care, treatment, and services. Section 2. Persons concerned this statement is directed not only to boards of directors, officers, licensed independent, contract, or employed practitioners, but to all employees or non-employees who can influence the actions of rhcc for example, this would include all who make purchasing decisions, all persons who might be described as "management personnel, and anyone who has proprietary information concerning rhcc. Section 3. Areas in which conflict may arise conflicts of interest may arise in the relations of the boards of directors, officers, licensed independent, contract or employed practitioners, and management employees with any of the following third parties: 1. Persons and firms supplying goods and services to rhcc. 2. Persons and firms from whom rhcc leases property and equipment. 3. Persons and firms with whom rhcc is dealing or planning to deal in connection with the gift, purchase or sale of real estate, securities, or other property. 4. Competing or affinity organizations. 5. Donors and others supporting rhcc. 6. Agencies, organizations and associations which affect the operations of rhcc. 7. Family members, friends, and other employees. Section 4. Nature of conflicting interest a conflicting interest may be defined as an interest, direct or indirect, with any persons or firms mentioned in section 3. Such an interest might arise through: section 5. Interpretation of this statement of policy the areas of conflicting interest listed in section 3, and the relations in those areas which may give rise to conflict, as listed in section 4, are not exhaustive. Conflicts might arise in other areas or through other relations. It is assumed that the boards of directors, officers, licensed independent, contract or employed practitioners, and management employees will recognize such areas and relation by analogy. The fact that one of the interests described in section 4 exists does not necessarily mean that a conflict exists, or that the conflict, if it exists, is material enough to be of practical importance, or if material, that upon full disclosure of all relevant facts and circumstances it is necessarily adverse to the interests of rhcc. However, it is the policy of the governing board that the existence of any of the interests described in section 4 shall be disclosed before any transaction is consummated. It shall be the continuing responsibility of the boards of directors, officers, licensed independent, contract or employed practitioners, and management employees to scrutinize their transactions and outside business interests and relationships for potential conflicts and to immediately make such disclosures. Section 6. Disclosure policy and procedure procedures for addressing conflicts of interest transactions with parties with whom a conflicting interest exists may be undertaken only if all of the following are observed: 1. The conflicting interest and all material facts are fully disclosed to the governing board of directors or to a committee with board-delegated powers; 2. The person with the conflict of interest may make a presentation at the governing board or committee meeting, but after the presentation, he or she shall be excluded from the discussion and vote on approval of such transaction; 3. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to inves”

“Riverwood has a compensation committee of the board which meets annually to review, discuss and recommend approval to the full board of the annual incentive compensation goals for the ceo and certain members of the executive leadership team. Annually, the committee also reviews compensation of the ceo as well as members of the executive leadership to ensure stated compensation falls within a fair market value range. In doing so, the committee relies heavily on a compensation survey(s) which is conducted by an external compensation consultant generally every 2 years, along with any other data or factors which the committee may deem relevant from time to time. Upon recommendation from the compensation committee, the full board is responsible for approving compensation of the ceo as well as the annual incentive compensation goals and associated metrics. Documentation and record keeping is maintained for both compensation committee and board meetings where compensation discussions and/or decisions occur. The full process as summarized above last occurred for the ceo in the later part of calendar year 2016.”

“The annual report, which provides an overview of the organization's financial status, is made available to the public for the same period of disclosure as set forth in section 6104(d). It is mailed to members of the organization, organizations that we have financing with, and is available on our website. The governing documents and conflict of interest policies are not made available to the general public.”

“Decrease in interest in net assets of aitkin community hospital foundation -33,298. Loss on extinguishment of debt -551,426.”