Hopelink Behavioral Health

“A complete copy of the 990 is provided to the board of directors prior to submission to the irs. Board members, upon their review, direct questions to the chief operating officer. After all questions have been responded to, the board of directors is asked to accept the 990, and following its acceptance, the 990 is submitted to the irs.”

“Prs maintains open communication between directors and employees; furthermore, officers, directors, and key employees are made aware of new business relationships as they are contracted. When potential conflicts are discovered, top management assesses the situation. If a conflict exists, the person with a conflict is prohibited from participating in the governing body's deliberations and decisions in the transaction. A conflict of interest disclosure survey is administered to board members and key employees.”

“Prs' ceo compensation committee annually reviews compensation for the ceo utilizing comparable industry organizational data and performance. The committee then recommends compensation adjustments for the ceo to the board. The deliberations and decisions are documented in the committee's meetings minutes. Compensation for other key employees is determined by the ceo based on an assessment of performance and reviewed by the human resources director. Prs maintains an established pay scale system for all agency positions which is modified as needed based on a regular review of inudstry data.”

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

“The audit committee assumes the responsiblity of reviewing the audited financial statements and selecting the independent accountants. No change in procedure was made during the fiscal year.”

“Although prs revenues decreased from the prior year, there were several factors impacting this change. First, prior year revenue included a one-time, $500,000 multi-year pledge to be paid over a five-year period; however, all $500,000 was recorded as revenue in the previous year as required by gaap. Second, on august 1, 2016 of the current year, prs made the informed decision to cease operations of our rehabilitation day program in washington, d.c., which resulted in a decrease in medicaid revenue of $322,573 from the previous year to the current year. Net of investment income, the change in revenue from program operations from the previous year to the current year was a decrease of $398,578. The multi-year pledge of $500,000 recorded last year more than accounts for this decrease in revenue. Growth in other areas of prs' program operations in virginia further offset the revenues lost from the closing of our d.c.-based rehabilitation day program.”