Bethany Lutheran Health Services

“The membership consists of lutheran church congregations as stated in article v of the articles of incorporation. Congregations having up to 200 confirmed members are allowed one board delegate. Congregations having 200 or more confirmed members are allowed two board delegates.”

“The congregation-members elect one or two lay persons as board members for bethany lutheran home. The number of persons elected is based on the size of the congregation, as noted above.”

“The organization does not have committees with board authority to act on behalf of the governing body.”

“The form 990 was prepared by an independent accounting firm with information provided by management. The return is reviewed by the cfo and subsequently authorized by the finance subcommittee of the board.”

“The code of conduct policy covers the board of directors. The board of directors determine if a conflict exists among board members. The board would review actual conflicts among the board members. An interested person may make a factual presentation at the board or committee meeting, but after such presentation, he or she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement that results in the conflict of interest. An interested person shall not actively participate in the discussion of, or vote on, the transaction or arrangement that results in the conflict of interest, either formally at a board or committee meeting or informally through contact with individual board or committee members. The minutes of the board and all committees with board-delegated powers shall contain: a. The names of the persons who disclosed or otherwise were found to have a financial interest in connection with an actual or possible conflict of interest, the nature of the financial interest, any action taken to determine whether a conflict of interest was present, and the board's or committee's decision as to whether a conflict of interest in fact existed, and b. The names of the persons who were present for discussions and votes relating to the transaction or arrangement, the names of the persons who recused themselves from such discussion and votes, the content of the discussion, including any alternatives to the proposed transaction or arrangement, and a record of any votes taken in connection therewith. The organization also has a conflict of interest policy that it reviews with new employees prior to their employment start date.”

“The board of directors approves compensation for the coo through utilization of a compensation survey/study and a written employment contract. The deliberation and decision regarding the coo's salary is documented in the board minutes. Compensation for the cfo, administrator and all other employees is based on the salary survey information provided by leadingage iowa. This process is typically not conducted by the board and is completed annually.”

“The governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Impairment write down -550,668.”