Teton Valley Health Care

“The Executive Committee consists of the officers of the board and immediate past Chair of the Hospital Board. The Executive Committee can transact regular business on behalf of the board between the governing board meetings. Any matters of substantial importance must be ratified by the governing board.”

“The members of Teton Valley Health Care, Inc. (TVHC) shall consist of a broad representation of the public that TVHC serves and the majority of the members must be citizens of Teton County, Idaho, including residents of each incorporated city in Teton County, Idaho, and the unincorporated area of Teton County. There shall be at least five members which are elected by a majority vote of the existing members. Each member is entitled one vote on any matter submitted to a vote at a meeting of the members.”

“Each member is entitled to vote on any matter submitted to a vote at a meeting of the members, including the election of the Board of Directors. Meetings are held annually as well as any special meetings called by the CEO or at the written request of the members.”

“A copy of the 990 is provided to the CFO and CEO who review the form, schedules and related attachments. Any comments or questions are addressed with the preparer and a final draft is presented to the Board of Directors who then approve the 990. Once management is satisfied with the 990, the CEO signs the Form 8879-TE authorizing the preparer to e-file the return.”

“TVCH has officers and board members annually review the conflict of interest policy. An individual is required to disclose to the Board of Directors if a potential conflict arises. The remaining board members discuss the situation with the absence of the individual to determine if a conflict of enough significance and materiality exists. If a conflict with a board member is signficant and material enough, the individual may be suspended or terminated.”

“The Board reviews and approves management wages each year. The sources utilized by TVHC in regards to original fair market value of the CEO salary was an executive compensation survey, published by Critical Data, Inc., and the Idaho Hospital Association (IHA) annual salary survey. These surveys are utilized for setting the salary levels of employees at TVHC. The IHA survey itemizes all hospitals as a group, CAH hospitals, and hospitals by region. The CEO base salary increase is equal to the average percent increase of all employees. The Board approves the annual incentive compensation of the CEO. The CEO reviews and approves the CFO compensation based on similar compensation survey sources. In regard to setting the salary levels of physicians, TVHC utilizes the MGMA physician compensation and production survey as well as other surveys. This survey itemizes salaries and productivity by physician speciality, years in practice, geographic region, and other categories. TVHC strives to pay market level salaries to all employees of the organization. It is our goal to recruit and retain top talent in every venue, while controlling salary and benefit costs within established targets.”

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

“Others: Program service expenses 4,462,519. Management and general expenses 1,281,149. Fundraising expenses 1,269. Total expenses 5,744,937.”