The Ozarks Methodist Manor

“The organization has no separate committees.”

“Process to review the form 990: the form 990 is prepared by an independent accounting firm based on information provided by management and the audited financial statements. The form 990 is reviewed at a board meeting prior to filing.”

“Monitoring compliance with conflict of interest policy: the organization has a conflict of interest policy which covers all directors, who must sign the certificate relating to the policy annually. Upon notification of a potential conflict of interest, and before any action upon a contract or transaction that could involve the potential conflict of interest, a vote of a majority of the disinterested directors participating in the meeting and constituting a quorum will approve the contract or transaction. The interested director will abstain from the meeting while the contract or transaction is discussed and acted upon.”

“Program services: the retirement village operates a 32-bed residential care facility, 78-bed skilled nursing facility, 58 cottages, and supporting services. Form 990, part vi, section a, line 3 delegation of management duties: ozarks methodist manor has retained springfield senior care, llc (springfield senior care), specialists in continuing care headquartered in springfield, mo, to manage the manor. Although the board of directors has contracted day-to-day management of the manor to springfield senior care, the board of directors retains overall responsibility for the management of the manor. In this regard, some of the boards primary functions involve oversight of the performance of springfield senior care pursuant to the management agreement, review and approval of operating budgets and capital expenditures, and monitoring of financial condition. Operational policies for the manor and residency policy criteria for prospective residents are subject to approval and periodic review by the board. The board also adopts and approves personnel policies for facility employees, annually reviews the insurance coverages on the manors property and personnel, and contracts for and supervises the provision of legal and accounting services to the manor. The board approves and monitors all building and expansion programs. The board defines the fundamental policies and the short and long range goals of the manor.”