Breckinridge Health Inc

“Breckinridge health inc. (bhi) contracts with alliant management services (alliant) to provide management services for bhi. Alliant prepares cost reports for third-party payors; provides technical and consulting assistance; and provides the ceo and cfo positions.”

“Form 990 is prepared by the organization's accounting firm and reviewed by the chief executive and chief financial officers.”

“Any duality of interest or possible conflict of interest on the part of any governing board member is required to be disclosed to the other members of the board and made a matter of records, either through an annual procedure or when the interest becomes a matter of board action; any governing board member having duality of interest or possible conflict of interest on any matter is prohibited to vote or use his personal influence on the matter, even where permitted by law. The minutes of the meeting should reflect that a disclosure was made, the absentation from voting and the quorum situation. This policy is reviewed annually for the information and guidance of governing board members and any new members advised of the policy upon entering on the duties of the office.”

“As part of the agreement with alliant management services, inc., the board is provided with compensation surveys for senior leadership. The board approves compensation based on the studies provided by alliant.”

“Organization's meetings are open to the public and significant actions are available to local media. Any request for documents would be presented to the board and would be provided to the requesting party unless there was a reason not to honor their request.”

“The organization uses alliant management to provide its ceo and cfo; therefore, the organization does not pay compensation directly to these individuals.”

“As of 2024, breckinridge hospital offers chemotherapy and oncology services to its patients.”

“Contract labor: program service expenses 1,009,228. Management and general expenses 178,099. Fundraising expenses 0. Total expenses 1,187,327. Contract services: program service expenses 2,852,459. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,852,459. Collection fees: program service expenses 30,172. Management and general expenses 0. Fundraising expenses 0. Total expenses 30,172. Other professional fees: program service expenses 1,133,820. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,133,820.”

“The process has not changed from prior year. The organization has a finance committee that oversees the audit of the financial statements and selection of an independent auditor. The independent auditor meets with the finance committee at the conclusion of the audit.”