River Valley Health Foundation Inc.

“Form 990 is reviewed by the one of the board of directors prior to filing and is available to any of the board of directors for review.”

“The executive committee of the board reviews the conflicts. Trustees with conflicts are not allowed to vote on matters in which their conflict pertains.”

“A performance evaulation is conducted annually for the executive director by the board of directors. This evaluation is then discussed with the executive director. Any changes in compensation initiate from the board of directors.”

“All required documentation is available upon request.”

“The mission of this corporation is to improve the health and well-being of the residents of the ohio valley. The corporation provides funding in support of health education for members of the community and healthcare professionals in the communities of wheeling, west virginia, martins ferry, ohio, st. Clairsville, ohio, and the following counties: brooke, ohio, marshall and wetzel in west virginia and belmont, jefferson, monroe, guernsey and harrison in ohio.”

“In 2023, the board of directors voted to transfer the majority of funds held by river valley health foundation to the community foundation for the ohio valley, inc. And establish the river valley health foundation fund. The result of this transfer is that the majority of the fundraising and charitable work that the river valley health foundation does has shifted to the community foundation. River valley health foundation will remain open as a 501(c)3 to receive the remaining distributions it has been allocated as part of various trusts. The board will remain active in looking for ways that the organization can continue its non-profit work of aiding the healthcare community.”

“The foundation was created as a result of the june 1, 2017 sale of ohio valley medical center ("ovmc") and east ohio regional hospital ("eorh") to alecto, a for-profit health care system. Therefore, the foundation was created to carry out the charitable outreach activities of the former not- for-profit ovmc and eorh. On march 19, 2018, the foundation was designated by the internal revenue service as a tax-exempt non-profit 501(c) (3) public charity. Therefore, most of the 2017 and early 2018 calendar years involved working on making the appropriate steps to rename and reclassify the foundation. From 2019 - 2022, the foundation awarded annual grants in order to assure community needs for healthcare and healthcare education are met. In 2023, the organization established the river valley health foundation fund with the community foundation for the ohio valley and continues to work towards its mission through both this organization and the fund at the community foundation. The mission of this foundation is to improve the health and well-being of the residents of the ohio valley.”

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“As of 12/31/2019, river valley health foundation was a 50% beneficiary of the ethel c elikan trust. Their share of the trust was included as an asset on the balance sheet as of 12/31/2019. In 2020, the trust removed river valley health foundation as a beneficiary due to the closing of two local hospitals. (river valley health foundation was established at these two hospitals but still serves the residents in the area and other non-profits that are replacing the two closed hospitals.) as a result, we had to remove the balance of the trust from the balance sheet which resulted in an expense entitled "loss of restricted funds" totaling 343,507. This is a one-time expense related to the loss of beneficiary status with this trust.”