Davis Memorial Hospital

“Davis memorial hospital's sole member is davis health system.”

“Davis memorial hospital's board members are elected or appointed by davis health system, inc.”

“Davis health system, inc. Is davis memorial hospital's sole member and has reserved powers under davis memorial hospital's governing documents, which provide that decisions of davis memorial hospital's governing body, such as election of officers, approval of annual budgets and borrowings, are subject to approval by the sole member. The sole member also has all approval powers provided to members of west virginia nonprofit corporations under state law.”

“The 990 will be distributed to all board members. It will be presented and discussed at a board of trustees meeting or a finance committee meeting, whichever occurs first after the completion of form 990. If the finance committee meeting is the first to occur, all members of the board of trustees will be encouraged to attend the finance committee where the form is to be discussed.”

“The davis health system conflict of interest policy requires that each director, officer, and committee member with board delegated powers shall annually sign a statement which affirms the person has received a copy of the conflict of interest policy and reads and understands the policy. Board members complete the statement in january of each year. The conflict of interest statements are reviewed by the executive committee. In addition to board members, senior staff are required to annually prepare a conflict of interest statement.”

“The compensation committee of the board of trustees is responsible for the oversight of the compensation for the senior staff. A consultant (yaffe & company) is engaged who facilitates the annual evaluation process for determining compensation for executives. The consultant coordinates a series of meetings, leads discussions on the chief executive officer's performance evaluation, presents market analysis information for key positions and provides recommendations for salary levels based on that information. The committee makes their decision using the guidance of the consultant.”

“The board of trustees adopted a record keeping and disclosure policy in january of 2003. The policy provides for disclosure of corporate and financial records not covered by governmental or contractual agreements. Any request for financial or other corporate documents are submitted to the executive committee of the board of trustees and decisions are made on a case by case basis. The compliance code of conduct policy includes standards relating to conflicts of interest within the organization. This information is shared with the public, being posted on the website in addition to being distributed to all patients admitted to the hospital.”

“Purchased services: program service expenses 19,023,512. Management and general expenses 2,073,667. Fundraising expenses 0. Total expenses 21,097,179.”