Ray County Memorial Hospital Foundation

“Ray county memorial hospital is the sole corporate member of the foundation.”

“Ray county memorial hospital board of trustees have the right to elect the board of directors of the foundation.”

“A copy of the 990 and all attachments is provided to the foundation's governing board and hospital ceo and cfo who review the form, schedules and related attachments. Any comments or questions are addressed with the preparer. Once the reviewers are satisfied with the 990, the preparer is authorized to finalize the return”

“Any director, officer, key employee, or committee member having an existing or potential interest in a contract or other transaction presented to the board of directors or a committee thereof for deliberation, authorization, approval, or ratification, or any such person who reasonably believes such an interest exists in another person, shall make a prompt, full and frank disclosure of the interest to the board or committee prior to its acting on such contract or transaction. The interested party shall disclose the nature and extent of their interest and any relevant and material facts, known to them, about the contract or transaction which might reasonably be construed to be adverse to the interests of the board or the corporation. The body to which such disclosure is made shall determine, by majority vote, whether the disclosure shows that the non-voting and non- participation provision below must be observed. If so, such person shall not vote on, nor use their personal influence on, nor participate other than to present factual information or to respond to questions in the discussion or deliberations with respect to such contract or transaction. Such person may not be counted in determining the existence of a quorum at any meeting where the contract or transaction is under discussion or is being voted upon. The minutes of the meeting shall reflect the disclosure made, the vote thereon and, where applicable, the abstention from voting and participation, and whether a quorum was present. Corrective and disciplinary action with respect to transgressions of these policies shall be taken by the board as the board deems appropriate and proper.”

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

“The audited financial statements have not been finalized as of the date the form 990 was e-filed.”

“The board of directors assumes responsibility for the audit and the selection of the independent auditor. This process has not changed from the prior year.”