Cedar Falls Lutheran Home

“The executive committee is made up of the president, vice president, treasurer and secretary. The executive committee shall have the authority of the board of directors to make decisions when the timing is such that a decision cannot wait until the next board meeting. They also approve compensation for the executive director. During votes of the board of directors, the board president only casts a vote in the event of a tie.”

“The seven members we have are our seven sponsoring lutheran churches. Each member and the newaldaya lifescapes residents each present one of its pastors to be a voting delegate at the corporation's annual meeting. In addition, any member with a congregation membership larger than 2,000 baptized members may present one additional delegate for each 1,000 members in excess of 2,000 members as of january first of the year in which the annual meeting is to be held. The newaldaya lifescapes residents select two voting delegates from their members.”

“The members of the organization elect the members of the board of directors at the annual meeting.”

“Any change to the organization's name or amendments to the organization's bylaws requires the approval of the members.”

“The board of directors is provided an electronic copy of the 990 for approval once coo and sr. Accountant review draft.”

“The conflict of interest policy is reviewed annually by the board of directors during a board meeting and all board members sign to indicate they understand the policy. Any changes will be discussed and applied during board meeting discussion. Board members are to immediately report any activity that could appear to be a conflict of interest. If there is a conflict of interest, they are to publicly disclose it to the committee and/or board, and refrain from discussing or taking any official action that would affect the decision making process.”

“The compensation of the executive director is determined by the board of directors. The board's personnel committee meets with the human resource director and chief financial officer to review wage surveys from leadingage iowa and leadingage. The personnel chairperson and the executive committee meet to determine the final compensation package. Approval and discussion is documented in board meeting minutes. The compensation of the chief operating officer is determined by the executive director. The coo reports to the ceo and performance evaluations are completed by the ceo. The ceo meets with the human resource director to review wage surveys from leadingage iowa and leadingage. The ceo meets with cfo to discuss goals, performance, and wage surveys. Final compensation is then forwarded to the payroll specialist. Compensation review process is done every october.”

“The organization does not make its governing documents, conflict of interest policy or financial statements available to the public.”