Noora Health

“The form 990 was prepared by outside tax accountants. The leadership team reviewed the 990 and the final copy is submitted to the board of directors.”

“An interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors. After disclosure of the financial interest and all material facts, the interested person will leave the board meeting while determination of a conflict of interest is discussed and voted upon. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing conflict of interest, the board shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable. If the board has reasonable cause to believe an interested person has failed to disclose actual or possible conflicts of interest, it shall inform the interested person of the basis for such belief and afford the interested person an opportunity to explain alleged failure to disclose. If, after hearing the interested person's response and making further investigation as warranted by the circumstances, the board determines the interested person has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“The determination of the reasonableness shall be based upon information about compensation paid by similarly situated organizations for similar services.”

“The organization's governing documents, conflict of interest policy and financial statements are available upon request.”

“Payroll processing fees: program service expenses 7,797. Management and general expenses 9,511. Fundraising expenses 0. Total expenses 17,308. Professional services: program service expenses 27,049. Management and general expenses 32,458. Fundraising expenses 0. Total expenses 59,507. Consulting fees: program service expenses 151,836. Management and general expenses 185,215. Fundraising expenses 0. Total expenses 337,051. Contracted services: program service expenses 1,473,801. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,473,801.”

“The organization has a finance committee which reviews the draft audit report each year before it is issued. The finance committee, the cfo, and the ceo, hold a meeting with auditors to discuss the draft audit report, and answer any inquiries posed by the finance committee chairman. The audit report is then approved by the finance committee with required changes, if any. In addition, the finance committee meets a few times during the year to discuss ongoing financials and the stability of the organization.”