Presbyterian Homes and Services

“Phs has an executive committee that is made up of the chairman of the board, the vice chairman of the board, the chair of the audit and finance committee, the chair of the board growth committee, and the immediate past chair if he/she is still a current board member. The president/ceo shall be an ex-officio non-voting member. Except for the power to amend the articles of incorporation and the bylaws of this corporation, the executive committee shall have all the powers and authority of the board of directors of this corporation in the management of the property, business, and affairs of this corporation in the interval between meetings of the board of directors, subject always to the direction and control of the board of directors. The executive committee shall also serve as the compensation committee.”

“Phs management, llc provides management services for presbyterian homes and services. Phs management, llc provides financial accounting, operational oversight, human resources, information technology, clinical nursing consultation, corporate compliance, coordinated advertising and marketing, staffing for fund development, and new business development.”

“The organization's form 990 is provided to voting members of the governing body prior to filing with the irs. Officers and management of the organization have been involved in the preparation of the form 990 and have reviewed it throughout the process.”

“The organization obtains annually written disclosures from governing body members, officers, and key employees. Management and officers review these disclosures and evaluate whether the interest could result in a conflict and then take the necessary steps to remediate any such conflict.”

“The presbyterian homes & services board of directors is responsible for the governance and structure of compensation plans and for ensuring regulatory compliance of these plans. Ceo, senior management, executives and officers' compensation systems are managed by the executive committee and presbyterian homes & services board of directors. Systems are reviewed manually and the organization engages an external independent compensation consultant to provide a fair market value opinion. The target for total compensation for executive staff who meet performance expectations is set at 105% of the midpoint in each respective market price pay range.”

“The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”