Cass Regional Medical Center Foundation

“Cass regional medical center, the supported organization of the cass regional medical center foundation, must elect the foundation's board of directors.”

“Cass regional medical center, the sponsored organization of the cass regional medical center foundation, has the right to approve articles of incorporation and bylaws and the board of directors.”

“The executive director and staff accountant gather information to prepare the form 990 tax return. The information is then given to an outside tax preparer to prepare the form 990 return. The outside tax preparer provides the executive director and the staff accountant a draft of the form 990 for comments and approval. Prior to the filing of the form, the organization notifies the governing board that the draft form 990 will be available for review at the regularly scheduled board meeting along with a response time for questions and comments. Once all issues are resolved, the final form 990, with all required schedules, is provided to the governing board and then filed.”

“The organization's conflicts of interest policy covers any board member, officer or member of a board committee who had a direct or indirect financial interest in any entity with which the foundation has a proposed transaction or arrangement. It is the duty of the interested person to disclose the existence and nature of his or her financial or other interest to the board members, officers or members of board committees considering the proposed tranaction or arrangement. Once a disclosure is made, the remaining board members will respect the disclosure and treat it the same as a conflict. An interested person may make a presentation at the board committee meeting, but after such presentation, may be asked to leave the meeting during the discussion of, and the vote on, the transaction or arrangment that resulted in the conflict or interest. The remaining board or committee members shall be able to fully and freely discuss and vote thereon. The minutes of the board and the board committees shall contain the names of the persons who disclosed or otherwise were present for the discussion and vote relating to the conflicted transaction or arrangement, and a record of any votes taken in connection herewith.”

“When compensation is made, cass regional medical center's human resources department decides the compensation by using a market comparison every few years as necessary.”

“Compensation, when paid for officers and key employees, is decided as provided for the top official.”

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

“Patient assistance fund provides aid to cass regional patients in need with expenses such as transportation, medication and medical supplies; scholarships are provided for deserving students who are pursuing careers in health care; pulmonary co-pay assistance program provides funds to disadvantaged patients suffering chronic lung disease to ensure access to rehabilitation; employee assistance fund provides financial aid to cass regional employees in crisis.”

“Unrealized market gain 28,177 write off pledge receiveable received in 2023 -100,000 total -71,823”