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.”

“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.”

“St. Mark's lutheran home has 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. 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 102,600. Chaplain reimbursement 12,144. Temporarily restricted grant 24,840.”

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