Olathe Health System Inc

“Business relationship: frank h devocelle and tierney l grasser serve as an officer or director of related for profit companies of olathe health system, inc. Employer/employee relationship: david r gaboury, richard k summers, brian a metz, arthr e swank, mack bowen, larry k brubaker, vincent t donofrio, michael k knop, laurie minard, bruce b snider and chip wood are board members of olathe medical center, inc. And frank h devocelle, tierney l grasser, and cheryl l ross are employed by olathe medical center, inc.”

“The tax return is reviewed by the audit and compliance committee of the board of olathe medical center, inc. Prior to filing the return with the internal revenue service. The final form 990 with all required schedules is then provided to all voting board members.”

“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 trustees 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 trustees 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 trustee 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 trustees then in office, without counting the vote of the interested trustee, 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.”

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

“Change in investment in ohdc ($ 159,268) transfer from affiliate $ 234,627 ----------- $ 75,359”