Keystone Medical Services Inc

“The organization restated its articles of incorporation and bylaws during the fiscal year to amend its the charitable purposes of the organization to state that at all times the organization is to be organized and operated for the benefit of, to perform the functions of, and to carry out the charitable purposes of tift regional health system (trhs), a contolled 501 (c)(3) regional referral hospital.”

“Form 990 is prepared by an independent certified public accounting firm from financial records and other information provided by management. The tax return is reviewed by the organization's chief financial officer and the board of directors prior to filing.”

“Officers are required to annually affirm that any possible conflicts of interest have been disclosed to the board of directors. The board determines if any signficant conflicts of interest exists and take any necessary actions to resolve such conflicts and protect the organization's interest. Members of the board must also disclose any potential conflicts. Disinterested members of the board review these situations and resolve potential conflicts of interest.”

“The organization's governing documents are available upon request.”

“The fiscal year ended september 30, 2019 form 990 is being amended to reflect a change in public charity status to that of a functionally integrated parent and supporting organization to tift regional health system, inc., a section 501(c)(3) hospital. The response to questions related to audited financial statements contained in part iv, part xii and schedule d have been changed to reflect the issuance of consolidated audited financial statements and the oversight of the audit process by the organization's finance committee. The response to part v, question 7 (a- f)related to organizations that may receive charitable contributions have been answered. In addition, schedule r has been completed to disclose related party transfers and transactions. The return also is being amended to disclose all members of the board of directors (each of which is a volunteer). Finally, the income from the organization's wholly owned subsidiary is corrected to reflect dividends paid by the subsidiary as income in part viii, and the difference between the dividends paid and the equity in the subsidiary's earnings as a change in fund balance.”

“The mission of southwell, inc. Is to operate for the benefit of, to perform the functions of and to carry out the charitable purposes of tift regional health system, inc. The organization is the parent organization of a multi-enity healthcare system serving the community of tifton, georgia and surrounding areas. Southwell, inc. Is the sole member of tift regional health system, inc., a regional referral tax-exempt regional referral hospital.”

“The organization began functioning as the parent organization of tift regional health system, inc. Its articles of incorporation and bylaws were restated for the fiscal year to amend its charitable purposes to state that at all times the organization is organized and operated for the benefit of, to perform the functions of, and to carry out the charitable purposes of tift regional health system (trhs), a contolled 501(c)(3) regional referral hospital. The governance of trhs was also amended for the fiscal year to name southwell, inc. As the sole member of trhs.”

“Equity in consolidated subsidiary -9,381 difference in book income (equity in consolidated subsidary) and tax income (dividends received from a subsidiary)”