Community Hospital Health Foundation

“Community hospital health foundation has a separate committee from the hospital for budget and finance recommendations/decisions.”

“The community hospital foundation has one member, the community hospital association. The community hospital association appoints six of the ten members of the foundation's board of directors. The remaining four directors include three directors from the hospital association's board (one of whom is the the chair of the board) and the president of the hospital association.”

“Vacancies from directors whose terms expire during the organization's tax year are filled by new directors appointed by the foundation's sole member, the community hospital association (see form 990, part vi, section a, line 6). Vacancies other than by term expiration, are filled by a majority vote of the remaining directors of the foundation.”

“Community hospital health foundation's form 990 is prepared by the firm eide bailly, llp. Management receives draft copies of the completed form 990 for review. After management has reviewed the returns, complete copies are distributed to all members of the board of directors of the community hospital health foundation and the returns are approved for filing by the finance committee of the board. Board committee approval is required prior to signature and submission of the form 990 to the irs.”

“The community hospital health foundation policy requires all employees, contractors, and agents to report any conflicts of interest that arise. In addition, the foundation has a conflict of interest policy that is applicable to directors, officers, members of committees and subcommittees with board-delegated powers and key employees. The policy requires, among other things, all applicable persons to disclose any relationships that may create a conflict of interest. All applicable persons are required to complete an annual disclosure of all such relationships. All such relationships are disclosed to the entire board and senior management, and any and all conflicts or potential conflicts are monitored by senior management.”

“The foundation does not pay a ceo, executive director, officers, top management official, or any key employees. Therefore, there is not a process in place for determining compensation.”

“Community hospital foundation makes its governing documents, conflict of interest policy, form 1023, form 990 and financial statements available to the public upon request. Any individual that would like a copy of any of the above mentioned documents can inspect those documents in person at the foundation's office during normal business hours or request a copy in person, by phone, or by mail, and we will provide a copy free of charge.”

“Troy bruntz is an employee of community hospital association of mccook, a related entity, and serves on the board of directors for the community hospital health foundation. He is not being paid by the hospital for his service on the board of directors.”

“Community hospital health foundation has a separate committee from the hospital for budget and finance recommendations/decisions. The foundation's management staff does take most of its major fiscal oversight decisions, including auditor selection, review and acceptance of audited financial statements, and tax review to the committee for a recommendation and then to the full board for action. The full board has ultimate oversight of all fiscal matters. This process has not changed from the prior year.”