Mount Olivet Careview Home

“The executive committee consists of the president, vice president, treasurer and secretary of the board of directors. Other persons may be elected or appointed by the board, but under no circumstances may the executive committee exceed seven members. The executive committee, in the interim between meetings of the board, exercises the powers of the board in accordance with the general policy of the organization and the board. The executive committee is subject at all times to the direction and control of the board.”

“The option to view a draft 990 is provided to select representatives of the board of directors for detail review and approval.”

“Department heads are required to complete an annual statement that includes a duty to disclose any potential conflict of interest. Department heads must disclose the existence of any potential conflict of interest as soon as they are aware of a potential conflict of interest and not just on the annual disclosure. The reporting and tracking of potential conflicts is monitored by the appointed compliance officer through retaining the annual disclosures and any potential conflicts that have been reported. Potential conflicted parties must be given the opportunity to disclose all material facts to the administrator. The administrator will report material facts to the board of directors or the board executive committee for determination of whether a conflict of interest exists. Individuals with potential conflicts of interest may not be present during the discussion nor vote on the transaction, management agreement or arrangement where a conflict exists. If a conflict of interest is found the board shall determine whether the organization can obtain a more advantageous transaction, management agreement or arrangement with reasonable efforts from a non conflicted party, if none is found the the disinterested board will vote on whether to proceed with the arrangement, management agreement or transaction. Minutes of the board of directors or board executive committee will record all proceedings related to conflicts of interest.”

“Administrator and controller compensation is reviewed and approved by the president and vice president of the board. The compensation of these individuals was last compared to the 2022 elca salary survey.”

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

“Nursing consultants: program service expenses 218,272. Management and general expenses 0. Fundraising expenses 0. Total expenses 218,272. Social services purchased services: program service expenses 10,807. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,807. Ancillary purchased services: program service expenses 1,016,027. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,016,027. Dietary purchased services: program service expenses 2,061,825. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,061,825. Laundry purchased services: program service expenses 7,409. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,409. Maintenance purchased services: program service expenses 329,782. Management and general expenses 9,784. Fundraising expenses 1,402. Total expenses 340,968. Admin purchased services: program service expenses 0. Management and general expenses 26,049. Fundraising expenses 0. Total expenses 26,049.”

“The process of selecting an independent accountant has not changed from the prior year.”