Solomon Valley Transportation Inc.

“Solomon valley transportation has on the board members that are employees, owners or volunteers of the following entities: hilltop nursing home, mitchell county hospital health systems, beloit medical center, mitchell county health department, mitchell county regional medical foundation and osborne county memorial hospital. All of these entities are in the medical industry and have business relationships with each other due to the nature of their business.”

“The governing body engages the solomon valley transportaion inc's accountants to prepare the 990 and the voting members review the 990 for accuracy and completeness prior to an officer signing the tax return.”

“To ensure the organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: a) whether compensation arrangements and benefits are reasonable, based on competent survey information, and the results of arm's length bargaining. B) whether partnerships, joint ventures, and arrangements with management organizations conform to the organization's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction. When conducting the periodic reviews the organization may, but need not, use outside advisors. If outside experts are used, their use shall not relieve the governing board of its responsibility for ensuring periodic reviews are conducted.”

“Solomon valley transportation, inc. Included all of its governing documents, conflict of interest policy and major operational agreements with the irs form 1023 application. Accordingly, if the public wishes to view these documents they would be available upon request. Specific financial documents are not provided to the public; although, the financial information will be included in the irs form 990 annually, which is also available upon request.”