Jefferson Elder Care

“Jaba assumes responsibility for all financial reporting to the board of jefferson elder care (jec). External auditors prepare form 990 and present it to jaba. Jaba reviews it in draft form. Once reviewed, the 990 has historically been presented to the treasurer of jec who then presented it to the entire board of directors for jec. If the directors had any questions, the auditors were asked to respond directly to the board as a whole. Once the board had completed its review, the auditors finalized the document, it was reviewed again, signed, and mailed to the irs. However, during calendar year 2018 jec became financially unsustainable. On january 28, 2019 the jec board authorized sale of the operation. A sales agreement was signed on january 29, 2019, and daily operations were transferred to the buyer on february 1, 2019. The jec board has not functioned since january 28, 2019. Review of this 990 was limited to the chief financial officer.”

“The board chairman requests at every meeting that all attending board members disclose any conflict of interest concerns that may be present for matters brought to the board meeting. Although we have not had a conflict of interest surface, should one occur, the chairman would ask the member to excuse him/herself for any discussion or voting on an issue that may qualify. All members of the board of directors must follow the written policy completely.”

“The management team reviews all salary recommendations and changes. Annually, all salaries are reviewed during the budget process. The director of operations (doo) reviews the compensation plan of the administrator of the facility. The administrator submits a self-evaluation for the year and identifies status of current goals and objectives set in the previous year. The doo then evaluates the administrator and rates the accomplishments and recommends any changes or suggestions. The evaluation is signed by both parties and made available to the board for review.”

“Governing documents, conflict of interest policy, and financial statements are provided upon valid request.”