American Association on Health & Disability Inc

“The form 990 was prepared by the outside accountants, and is then reviewed by the executive director. A copy of the form 990 is then provided to the full board for review prior to filing.”

“The conflict of interest forms are distributed and signed annually by the full board of directors. Any transaction, including the payment of compensation for services between a covered member, an immediate family member of a covered member, or an organizaion in which any covered member holds a material financial interest or has significant managerial or leadership responsibilities or acts as a fiduciary should be considered by the board only upon the following conditions: it has determined that such a transaction is permissible under the applicable state and federal laws, and it has made such factual determinations, as will satisfy the requirements of the law. In determining whether the association should approve the transaction, the covered person shall fully disclose to the board all relevant facts concerning the possible conflict of interest, no covered person shall participate as an advocate on behalf of his or her own interest, no covered person shall be present when the board discusses the proposed transaction, no covered person shall be present or participate in the vote concerning the proposed transaction, and the board shall maintain records of its determinations.”

“The board reviews the executive director's annual compensation and recommends changes based on compensation studies. Staff compensation is reviewed annually by the executive director and changes are provided to the full board. The latest compensation review was held on may 2023.”

“The form 990 is available to the public on www.guidestar.org. All governing documents are available to the public upon request.”

“Program subcontractors: program service expenses 336,596. Management and general expenses 0. Fundraising expenses 0. Total expenses 336,596. Other prof. Fees: program service expenses 1,500. Management and general expenses 50. Fundraising expenses 0. Total expenses 1,550.”

“As of the date of the report, the organization has received full forgiveness of the entire ppp loan and $54,184 has been recognized as revenue in 2021. On july 5, 2020, the organization entered into an economic disaster injury loan of $25,000, with the sba. Monthly principal and interest payments on the loan are $107 with an annual interest rate of 2.75%. Principal and interest payments begin in july 2022. The maturity date is june, 2050. The outstanding balance on the loan as of december 31, 2022 and 2021 was $24,037 and $24,679, respectively.”