Murphy Medical Center Inc.

“The executive committee shall be composed of the chairman of the board of directors as the chairman of the committee, the vice chairman of the board of directors, and one other member of the board of directors elected to the committee by the board of directors. Members of the executive committee shall serve a term of the office of one year which will co-extend with the term of office of the chairman of the board of directors. The executive committee shall have the authority and responsibility to transact all regular business of the board of directors during the interim between regular meetings of the board of directors, provided that any action taken shall not conflict with policies and directives previously adopted by the entire board of directors and to hear and act upon formal recommendations and complaints presented by the medical staff to the executive committee for consideration and action. Should any matter of major importance and extreme urgency come to the attention of the executive committee between regular meetings, if time permits, the executive committee shall refer that matter to the board of directors and request the chairman to call a special meeting of the board of directors.”

“Form 990 and related schedules were prepared by an outside, independent accounting firm. Matt thomas, cfo, along with other hospital administrative staff, review form 990 prior to filing. Form 990 is also verbally approved by the board of directors prior to filing and will be officially approved by the board of directors in their quarterly meeting held in june 2020.”

“The organization requires board members to sign a conflict of interest policy annually. It is the responsibility of each member to disclose any potential conflicts and remove himself from situations with a potential conflict.”

“Executive compensation is determined by a multitude of factors including: performance, objective measures, feedback gathered from various internal stakeholders (including the board), available compensation resources, and benchmarking performed by human resources.”

“The organization makes its governing documents, financial statements, and conflict of interest policy available to the public upon request.”

“Professional services: program service expenses 2,201,418. Management and general expenses 550,355. Fundraising expenses 0. Total expenses 2,751,773. Purchased service: program service expenses 4,124,459. Management and general expenses 1,031,115. Fundraising expenses 0. Total expenses 5,155,574. Contract labor: program service expenses 220,230. Management and general expenses 55,058. Fundraising expenses 0. Total expenses 275,288.”

“Transfer of net assets -14,132,858.”