Beatrice Retirement Inc

“James ensz, larry thimm, thomas sommers and alan streeter have a business relationship.”

“The nominees for the board of directors are approved by health system of beatrice inc. And then forwarded to the board of directors for vote.”

“The health system of beatrice, inc., a tax exempt corporation, has the right to approve or disapprove all amendments to the articles of incorporation, the bylaws of the corporation, any sale, lease, transfer or disposition of all or substantially all of the assets of the corporation, and the election of board members of the corporation.”

“The form 990 is prepared and reviewed by an independent accounting firm. It is then reviewed by the organization's officers and accounting personnel. Any questions and concerns they have are addressed and any corrections or clarifications are made. The form 990 is then provided to the beatrice community hospital's finance committee for review prior to filing. Once the finance committee recommends submission of the form 990 to the irs, each board member is given access to the form 990 via the board portal prior to filing.”

“The conflict of interest policy is handed out annually for board members and officers to identify any boards, businesses, etc. That may potentially give rise to conflict. If a conflict should arise, the affected board member or officer will be excused from the discussion and/or vote.”

“Beatrice retirement, inc. Does not have a written whistleblower policy but has taken the stance that open communication is important and is the preferred method to address that type of problem.”

“Beatrice retirement, inc. Does not pay compensation to a ceo, executive director, top management official, officers or employees. Therefore, there is not a process in place for determining compensation. However, beatrice community hospital and health center, inc. Does have a process for determining compensation of the ceo and cfo. Please see schedule j, part iii for details.”

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

“Flowing springs which is a 45-unit congregate living facility for the elderly.”

“The board of directors is responsible for the oversight of the audit of the organization's financial statements and the selection of an independent accountant. The organization changed audit firms this year.”