Bath County Community Hospital

“The bylaws give the executive committee full authority to operate and administer the corporation between meetings of the board of directors and to act in all situations except as specified in the corporation's bylaws.”

“All members of the board review a copy of the 990 before it is filed.”

“A conflict of interest policy and disclosure form is signed annually by all members of the board of directors.”

“The board of directors has used the mccrackin group in the past to look at reasonableness of compensation. This group was recommended by vhha, and has been contacted on an as-needed basis by individual board members. The board of directors also use the vashhra report for salary survey purposes.”

“Governing documents, conflict of interest policy, and financial statements are all available to the public upon request.”

“Physicians and medical professional : program service expenses 1,158,918. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,158,918. Consulting fees : program service expenses 7,870. Management and general expenses 106,560. Fundraising expenses 0. Total expenses 114,430. Billing and coding services : program service expenses 990. Management and general expenses 434,676. Fundraising expenses 0. Total expenses 435,666. Other outside services : program service expenses 559,285. Management and general expenses 36,283. Fundraising expenses 0. Total expenses 595,568.”

“Total assets as reported on this return differ from the audited financial statements due to separate reporting of net loan issuance costs of $411,649. On the financial statements, these costs are netted against the liability balance.”

“ROUNDING -1.”

“The organization uses income tax basis of accounting. That basis differs from generally accepted accounting principles primarily because the hospital does not record, as a permanently restricted asset, funds held in trust by others. The hospital also does not record its long-term investments and beneficial interests at fair value as required by generally accepted accounting principles. The organization did not change its accounting method in current year.”

“The board of directors is responsible for selection of an audit committee that oversees preparation of financial statements and audit process. The organization did not change its oversight or selection process in current year.”