Phelps County Hospital Foundation

“Review of the form 990: the form 990 is prepared by an independent accounting firm based on internal financial statements and information provided by the accounting department of the organization. The form is reviewed by the cfo and controller of the organization before being filed with the irs.”

“Conflict of interest policy: all employees, directors, officers and trustees are covered under the conflict of interest policy. Each individual is required to submit any potential conflicts for review by the board and, if necessary, general counsel so that a determination of conflict can be issued. If a conflict does exist, the affected individual is not allowed to vote with regards to transactions that involve the organization and potentially the conflicted party and will be excused from the board session during the voting period. In addition, the board maintains the right to appoint an independent third party to research the potential transaction and any possible alternatives.”

“Compensation review: the top management official of the organization is compensation by phelps health, a related organization. Human resources conducts an organization-wide compensation review based on market data collected from competitive markets. Recommended adjustments are based on the data collected and the financial positions of the organization. Pay raises are approved by the board of directors, and documented in the board minutes.”

“Document disclosure: the organization makes its government documents, conflict of interest policy, and financial statements available to the public upon request.”

“Board member compensation: beena green, edward clayton, keri brookshire-heavin, dr. Christopher spencer, marsha wayman, and jason shenefield receive w-2 compensation from phelps health for their services as employees. No board members are compensated for their services as a board member.”

“Organization's significant activities: the phelps health foundation is a 501(c)(3) tax exempt, not-for-profit supporting organization to phelps health, established in 1996. Our mission is to serve as the philanthropic organization that facilitates charitable donations to support and assist the mission of phelps health to improve the health and wellness of people in our region. The foundation exists to ensure that health care delivery in phelps county and the surrounding communities continues to be transformational. Through patient-centered and community-focused initiatives, the foundation works in cooperation with clinicians, staff, patients, friends and donors to ensure the greatest needs and opportunities are funded across phelps health.”