Faith Regional Health Services

“The executive committee, consisting of the immediate past chair, the chair, the vice chair, the secretary, the treasurer, and one physician board member, has authority to act on behalf of the governing body. If the immediate past chair is no longer a voting director, he or she shall nevertheless serve in a voting capacity on the executive committee.”

“Faith regional has one nonprofit 501(c)(3) corporate member, lutheran community hospital association, a related organization.”

“The sole corporate member, lutheran community hospital association, appoints 13 voting members of the board of directors of faith regional health services.”

“Certain powers are reserved to its sole member, lutheran community hospital association. There are 13 reserved powers, including appointment and removal of directors, other than chief of staff and the physician services medical director, amendment of the articles of incorporation and bylaws, amendment of the mission, vision and value statements, among others.”

“Form 990 information schedules are completed in-house by the reimbursement accountant and reviewed by the controller and cfo. The information is provided for return preparation and signature. Form 990 is reviewed and discussed with the cfo and copies of the completed return are distributed to the board members for review prior to submission to the irs.”

“Faith regional's board members are required to sign a conflict of interest statement and disclosure annually. Any conflicts are reviewed by both the governance committee and independent legal counsel. The governance committee presents recommendations to the full board. A member with a conflict is excused from the board deliberations and action.”

“Determination of compensation for the ceo and other officers is made by gathering data from external surveys and the form 990 data provided by comparable facilities. Facilities used are determined by similar bed size, net revenues and number of ftes. Wages are gathered and compared by title, responsibilities and years of experience. The salary recommendations are made by the human resource department. The governing board approves the salary recommendations for the ceo; the ceo approves the recommendations for the other officers and vice-presidents; and the vice-presidents approve the recommendations for the directors of various hospital departments.”

“Faith regional does not make its governing documents, conflict of interest policy or financial statements available to the public.”

“Purchased services: program service expenses 19,159,118. Management and general expenses 1,985,057. Fundraising expenses 0. Total expenses 21,144,175. Other fees for services: program service expenses 2,144,976. Management and general expenses 295,683. Fundraising expenses 100. Total expenses 2,440,759. Contract labor: program service expenses 6,063,068. Management and general expenses 51,122. Fundraising expenses 0. Total expenses 6,114,190.”

“The finance/audit committee of the board of directors assumes responsbility for oversight of the audit and selection of an independent accountant. This process has not changed from the prior year.”