Twin Lakes Medical Foundation Inc

“Three members are officers from the grayson county hospital foundation, inc. Board and the remaining two members are appointed by the board. Directors in the first class shall serve on the board only during their term as directors and members of the executive committee of grayson county hospital foundation, inc. The second class of directors shall consist of two (2) members of the community at large who are nominated and elected by the grayson county hospital district board members appointed by the county judge executive. Directors in the second class shall serve two three-year terms. Directors need not be residents of kentucky. Each director shall hold office for the term for which he or she is elected or appointed until his or her successor shall have been elected or appointed and qualified.”

“The form 990 is submitted to the governing board for review and approval before it is filed with the internal revenue service.”

“Corporate compliance requires each board member to update and sign off on a conflict of interest policy on an annual basis.”

“Governing documents are made available upon request.”

“Twin lakes medical foundation, inc. (foundation) is a not-for-profit entity established for the recruitment and retention of qualified medical professionals in what was a federally designated rural health professional shortage area (hpsa). Its primary purpose is to provide management, support services and expertise that is often unavailable to solo practitioners in rural areas. The foundation proposes to serve all residents of the communities where ambulatory clinics are located. Patients will be served regardless of race, sex, religion, physical or mental handicap, national origin or income level. Physicians employed by the foundation agree that they will not discriminate against individual patients based on the ability to pay at any clinic site or affiliated hospital. The foundation participates in a nondiscriminatory manner in all federal and state programs including but not limited to the following: medicare, medicaid, passport (a state managed care program for medicaid eligible), or other third party payers. It is the policy of the organization that all patients who can afford to pay for health services should pay for services. No patient will be denied emergency services. For those patients who can not afford to pay, the foundation offers a financial assistance program to those that qualify. A letter of intent was signed on april 13, 2020 to transfer the operating assets of the grayson county hospital foundation, inc. (the "hospital") and the twin lakes medical foundation, inc. To owensboro health, inc., a not for profit health system. The transaction was finalized and became effective january 1, 2021. Under the terms of the agreement, a portion of the proceeds were used to satisfy the outstanding bonds issued by the grayson county public hospital district corporation (the "corporation"). Upon the defeasance of the bonds, the land and facilities owned by the corporation were transferred to a new corporation formed by owensboro health, owensboro health twin lakes regional medical center, inc., to operate the hospital. The net proceeds from the transaction and retained assets were transferred to the grayson county healthcare foundation, inc., a new not for profit corporation formed to provide grants and support healthcare in the county. After current obligations are fulfilled, it is management's intent to dissolve this entity; however, the time frame for the dissolution is uncertain at this time.”