Washington Regional Medical Foundation

“Officers of the organization are compensated for their services on behalf of the organization by a related organization (washington regional medical center). The board of directors of the member organization has a standing compensation committee comprised of independent members of the board of directors of the member organization that regularly review the performance of the members of senior management of the organization, engage independent compensation consultant, tax and legal advisors to ascertain and opine as to the reasonableness of total compensation paid to members of senior management, as determined on the basis of compensation surveys prepared by such advisors, and who determine the total compensation paid members of senior management of the organization in conformance with the rebuttable presumption requirements of section 4958 of the internal revenue code.”

“Washington regional medical system is the sole member of the organization.”

“The organization has a member who is authorized to elect one or more members of the organization's governing body as permitted under the arkansas nonprofit corporation act of 1993.”

“The member of the organization has the right to approve certain actions of the organization's governing body as are reserved to the member under the arkansas nonprofit corporation act of 1993.”

“The form 990 is prepared by an independent accounting firm and then reviewed by management. At a duly called meeting of the organization's audit and finance committee, which is comprised of the organization's board of directors, copies of the proposed form 990 filing prepared on behalf of the organization were presented and reviewed with the board membership by the organization's chief accounting officer and general counsel.”

“The terms of the conflict of interest policy are incorporated within the bylaws of the organization and are reviewed annually with the board of directors, each of whom are required to sign an acknowledgment that they have reviewed the policy and are aware of its terms. The policy is also reviewed in detail at the time of new board member orientation. As potential conflicts arise, those conflicts are addressed pursuant to the policy.”

“The organization's form 990 filing, governing documents, conflict of interest policy, and certain financial statements are available to the public upon written request.”

“All w-2's are issued on the organization's behalf by washington regional medical center, inc.”