Olathe Health System Inc

“The governing documents were amended to make the university of kansas hospital authority (ukha) the sole member and to allow ukha to elect the board of directors.”

“The university of kansas hospital authority is the sole member.”

“The university of kansas hospital authority, the sole member, has the right to elect the board of directors.”

“An independent accounting firm prepares and reviews the 990. The 990 is then reviewed by the organization's management personnel. Any questions and concerns management has are addressed and any corrections or clarifications are made. A copy of the 990 will be provided to the board before it is filed.”

“The purpose of the organization's conflict of interest policy is to protect the organization's interest when it is contemplating a decision or entering into a transaction or arrangement that might benefit the private interest of any person in a position of authority over the organization, or might result in a possible excess benefit transaction. Corporate officers and members of the board of directors review the conflict of interest policy and complete a disclosure of information form annually. A summary of the annual disclosures of information is provided to the full board for review at least one time per year. The conflict of interest policy calls for any interested person to disclose the existence of a financial relationship or competitive interest in connection with any pending transaction or arrangement. The individual is given the opportunity to disclose all material facts to the board of directors considering the proposed transaction or arrangement that gave rise to the disclosure. When a transaction involves an interested party, the following procedures are followed: 1. The interested party leaves the meeting after providing any material facts or discussion regarding the matter that gives rise to the interest unless requested to stay by the remaining board or committee members. 2. If appropriate, the board may appoint a non-interested person or committee to investigate alternatives to the proposed transaction. 3. The interested director may not vote in the matter that gives rise to the interest. 4. In order to approve the transaction, the board must first find, by a majority vote of the directors then in office, without counting the vote of the interested director. A. That the proposed transaction is in the organization's best interests and for its own benefit, and b. That, after reasonable investigation, the board has determined that the organization cannot obtain a more advantageous transaction with reasonable efforts under the circumstances.”

“Annually, the executive compensation committee of the board, which is comprised of independent members of the board, reviews and approves executive compensation in accordance with their compensation policy. The committee reviews third party salary surveys to review the executive compensation of the corporation to determine the fair market value of the current compensation, salary ranges and benefits. Compensation for such employees is approved by the committee, and information of their findings is available to all board members. In addition, the corporation has a written contract with the executives.”

“The organization's governing documents, conflict of interest policy and financial statements are not available to the public.”

“The university of kansas hospital authority became the sole member of olathe health systems, inc. On 1/1/2023. Olathe health systems, inc. Was dissolved effective 6/30/2023.”

“Transfer to affiliates $ ( 519,834,795) change in equity of affiliates $ ( 16,435,569) --------------- $ ( 536,270,364)”

“A MEMBER SUBSTITUTION OCCURRED ON 1/1/2023, MAKING THE UNIVERSITY OF KANSAS HOSPITAL AUTHORITY (UKHA), THE SOLE MEMBER OF OLATHE HEALTH SYSTEM, INC. UKHA has a committee that assumes responsibility and oversight of the audit and selection of the independent accountant.”

“Description:purchased services total fees:4033672”