Sioux Valley Memorial Hospital

“The executive committee shall consist of the chairperson, vice chairperson, secretary and treasurer. The executive committee shall have all power of the board of directors not expressly limited by the articles of incorporation or applicable law and shall have power to transact all regular business of the corporation, during the period between meetins of the board, provided that any action taken shall not conflict with the policies and expressed wished of the full board. The executive committee shall be responsible for evaluation of the performance of the ceo according to a schedule established by the board.”

“Cherokee regional health center has entered into a management agreement with st. Luke's health system, d/b/a unitypoint health to provide management services for the facility. Unitypoint provides education and vague oversite to crhc. The ceo of crhc is an employee of unitypoint. Compensation and benefits for gary jordan were $377,342 and $45,415 respectively.”

“The association is made up of community members who have purchased a membership interest and have continued to attend an annual meeting.”

“Members of the organization have power to elect board directors.”

“The executive committee does not meet outside of board meetings.”

“The 990 is reviewed by the organization's ceo and cfo and a copy is provided to the board members after filing.”

“All officers, committee members, medical directors, and key employees are covered by the conflict of interest policy. Conflict of interest questionnaires are completed upon election/employment and on an annual basis. The board serves as the conflict review committee and reviews any potential conflicts. An interested person should not be present during general discussion nor vote or use his or her personal influence on the matter, and he or she should not be counted in determining the existence of a quorum for purposes of the matter or item as to which a conflict exists. The applicable board should exclude the individual from any discussion or vote in which the board decides whether or not a conflict of interest exists.”

“The cfo's compensation is reviewed and approved by the ceo. All compensation is reviewed annually.”

“The articles of incorporation and financials statements are available upon request.”

“Purchased services: program service expenses 5,041,337. Management and general expenses 640,889. Fundraising expenses 0. Total expenses 5,682,226. Locum fees: program service expenses 944,262. Management and general expenses 0. Fundraising expenses 0. Total expenses 944,262. Professional fees: program service expenses 1,828,708. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,828,708.”

“Change in value of benefitcial interest in perpetual trusts 445,127.”

“During the year ended december 31, 2024, it was discovered that the medical center had not appropriately reported its irrevocable beneficial interest in perpetual trusts resulting in an understatement of assets and donor restricted net assets. The prior period adjustment reflects this adjustment.”