Fort Madison Community Hospital Foundation

“Great river health system began providing management services to the great river health foundation as of august 1, 2018. Great river health system began compensating jeremy alexander during the calendar year ended december 31, 2018. Compensation from great river health system is included in reportable compensation in part vii, line 1 and schedule j, as applicable.”

“The organization changed its name to great river health foundation.”

“The sole memeber of great river health foundation is fort madison community hospital.”

“Directors shall be selected by the sole member from among persons who posess the ability to participate effectively in the discharge of the board's responsibilities, and shall include, but not be limited to, persons who are residents of the community served by the corporation. The sole member shall elect the board of directors on an annual basis.”

“Actions initiated by the board of directors on the following matters can be authorized by and shall be effective only with the approval of the member include 1) the appointment of the chief executive officer of the corporation, 2) the acquisition, purchase, sale, lease, transfer, or encumberance of any real estate or of any substantial part of other assets of the corporation, 3) the approval of any dissolution, merger, affiliation, restructuring, financing, or refinancing of this corporation or of any corporation of which fort madison community hospital is a member or controlling shareholder or other entity, 4) any borrowing not indicated in the capital or operating budgets of the corporation, 6) any contract of the corporation where the amount of funds to be expended or the obligation incurred, and 7) expenditure of funds held as an endowment by the corporation.”

“A copy of the form 990 is reviewed by the organization's controller and vice president of finance with the external accountants for completeness and accuracy prior to filing the form 990 with the internal revenue service.”

“The organization's governing documents, conflict of interest policy, and financial statements are not made available to the public.”

“Great river health foundation and great river medical center are related entities. As a result, board overlap exists among these entities, and it would be administratively impractical for members of the governing board and the executive team to breakout their hours devoted among each organization.”

“The process for selection of an independent accountant has not changed from the prior year.”