Southwest Healthcare Services

“The Board of Trustees may designate an Executive Committee composed of the President, Vice President and at least one other trustee designated by the Board of Trustees. Subject to the limitations prescribed by the North Dakota Century Code, the Executive Committee has the authority of the Board of Trustees in the management of the business of this corporation in the interval between meetings of the Board of Trustees and the Executive Committee is at all times subject to the control and direction of the Board of Trustees.”

“The Organization has an Executive Committee, however no action was taken. Recommendations were taken to the full board of directors.”

“The return is reviewed by the CFO during the process of completing the return. Once a draft is completed, a copy is distributed to the CEO and emailed to the Board of Directors prior to filing.”

“All officers, directors, and key employees are required to complete a conflict of interest form annually. The forms are reviewed initially by the CEO for potential conflicts. Any actual conflicts are reviewed by the Board of Directors. A person with a conflict is restricted from voting on related matters.”

“The CEO's performance review is completed by the Executive Team of the Board of Directors, comprised of the President, Vice President, and Secretary. In 2023, the CEO brought data from the North Dakota Compensation Salary Survey as well as an independent study completed by Eide Bailly. The CFO also compiled other CEO wages from comparable North Dakota Critical Access Hospitals using publicly reported 990 data. The CEO made a recommendation of where his salary range should be based on years in his role and beforementioned data. In 2024 a 3% increase was given to the CEO similar to other staff. In 2023, the CEO brought a recommendation a one-time market increase for the CFO based on the North Dakota Compensation Salary Survey and her years of comparable service. A 3% increase was given to the CFO in 2024 similar to other staff.”

“The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“The Organization is in the process of completing an audit for the tax year ended December 31, 2024. As a result, the most recent financial statement issued for December 31, 2023 has been attached. An amended Form 990 will be completed when the audit is completed. Any financial statement adjustments will be made on the amended return as well as attachment of the audited financial statements for the year ended December 31, 2024.”

“Repairs, Maintenance and Service Contracts and Fees: Program service expenses 489,592. Management and general expenses 677,642. Fundraising expenses 0. Total expenses 1,167,234. Purchased services & recruitment: Program service expenses 335,557. Management and general expenses 69,323. Fundraising expenses 0. Total expenses 404,880. Professional Fees & Consulting: Program service expenses 4,505,300. Management and general expenses 73,338. Fundraising expenses 0. Total expenses 4,578,638.”

“Auxiliary Net Income 5,528. Change in Sunrise Receivable 193,354.”