St Mark'S Lutheran Home

“St. Mark's lutheran home does not pay it's administrator directly, rather the home is paying the administrator through an independent contractor arrangement with a management company named ecumen services, inc. The home is contracted to pay ecumen services, inc. For the administrator position and other management consulting services. The compensation information on form 990 is the amount of compensation that ecumen paid the administrator and as a result the compensation information provided is not the amount the home paid to ecumen under the management contract arrangement. Per the irs instructions the compensation information is for the calendar year 2013. Ecumen prepares a study of comparable senior care facilities of similar size to determine the compensation applicable for providing the administrator position to the home.”

“A motion was passed by the board of directors to have the board president review and approve the form 990 before it is signed and submitted to the irs.”

“Board members and key employees annually complete a survey related to business relationships and family members that could, or do, create a conflict of interest. These are summarized and filed along with the board meeting minutes. Conflicts of interest are determined by a review of the potential conflicts by the administrator and the board of directors. If a conflict exists, then the conflicted board member or key employee is excluded from discussion and votes related to any potential or existing relationships involving the conflict of interest. If it is determined that a conflict of interest was intentionally hidden by a board member, then the situation would be investigated and the board member could be suspended and subject to dismissal. Additionally, the remaining board members and key employees will review, for fairness, all transactions back to the time the conflict became relevant. If a transaction appears to lack arms-length, either to the detriment of the organization, or to the unfair advantage of the board member, then all legal remedies will be considered.”

“Ecumen services, inc. Prepares a study of comparable senior care facilities of similar size to determine the compensation applicable for providing the administrator position to the home.”

“The governing documents, conflict of interest policy, and financial statements are available in the administrative office upon request.”

“Change in defined benefit pension plan -154,635.”

“The organizations board of directors assumes responsibility for oversight of the audit of its consolidated financial statements and the selection of its independent accountant.”