Ray County Memorial Hospital Foundation

“The members of ray county memorial hospital foundation (the foundation) are the ray county memorial hospital (the hospital) board of trustees.”

“The board of trustees of the hospital, being the members of the foundation, have the right to elect the board of directors of the foundation.”

“An independent cpa firm prepares and reviews the 990. A draft of the form 990 is distributed to all members of the governing body for review before filing. Time is allowed for the submission of requests for clarification or changes. Any changes that are required to be made are completed and the revised return is submitted again for review. The final complete form 990 is filed with the irs and is then sent to all members of the governing body.”

“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 his interest and any relevant and material facts, known to him, 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 nonparticipation provision below must be observed. If so, such person shall not vote on, nor use his personal influence on, nor participate other than to present factual information or to respond to questions in the discussions 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 organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.”