Alabama Quality Assurance Foundation

“The company is organized as an alabama corporation. Its organized as a physician-sponsored organization.”

“The members elect the board of directors on an annual basis. The board then appoints officers of the company annually.”

“Decisions are made by the governing body and are not subject to member approval. The only potential action that requires member approval would be a proposed change to the articles of incorporation or bylaws.”

“Form 990 is prepared by aqafs cpa firm who sends the form to aqaf. The controller and cfo review the form 990 from the cpa firm. The return is presented to the board of directors for review. After reviewing the form, the form 990 is signed by an officer of the organization.”

“The organization maintains comprehensive written compliance policies covering both organizational and personal conflicts of interest (coi). All employees, board members and subcontractors are required to complete coi disclosure forms upon hire or engagement, and provide annual updates and recertifications, unless circumstances require more frequent disclosures. Compliance training is required upon hire and annually thereafter. The organization utilizes a toll-free third-party hotline service for reporting compliance and coi concerns. Conflict of interest matters are investigated and enforced by the organizations independent compliance officer who reports directly to the board of directors, and a compliance committee comprised of independent board members.”

“Aqaf obtained market matches for each position within the organization from an independent compensation consultant. Aqaf also participated in a survey of like organizations to determine the reasonableness of the compensation. The board then approves top management and key employees compensation.”

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