Newman Memorial Hospital Inc

“The directors include at least two members of the medical staff, one of whom is the chief of staff, who is elected by the medical staff, in an ex officio capacity with vote. The other is a member of the medical staff elected directly by the board. In the event that the chief of staff is also serving as the elected member, the vice chief of staff shall be seated as the other medical staff member to serve until the elected offices of the medical staff change. No more than twenty percent of the directors may be physicians with medical staff privileges at the hospital. Ex officio directors serve on the board by virtue of their official position, and remain a director until they resign or are removed from the official position.”

“A copy of the 990 is provided to the ceo & cfo who review the form, schedules, and related attachments. Any comments or questions are addressed with the preparer and a revised draft is then reviewed and approved by the board of directors. Once management is satisfied with the 990, the ceo signs off on the form 8879-te and the return is e-filed by the preparer.”

“Officers and directors are required to complete a conflict of interest statement annually or when a possible conflict arises. Any potential conflicts are reviewed by the board of directors. No contract or transaction between this corporation and one or more of its directors, or between this corporation and any other corporation, partnership, association, or other organization in which one or more of the directors are directors or officers, or have a financial interest, shall be void or voidable solely for that reason, or solely because an interested director is present at or participates in the meeting of the board or any committee which authorizes the contract or transaction, or solely because the vote of one or more interested directors or officers is counted for purposes of establishing a quorum, if: (1) the material facts as to the relationship or interest of such director and as to the contract or transaction are disclosed or are known to the board or the committee, and the board or committee, in good faith authorizes the contract or transaction by the affirmative votes of a majority of the disinterested directors, even though the disinterested directors may be less than a quorum; and (2) the contract or transaction is fair as to the corporation at the time it is authorized or ratified by the board. Common or interested directors may be counted in determining the presence of a quorum at a meeting of the board, or the committee which authorizes the contract or transaction.”

“Compensation for the ceo was determined through an annual evaluation conducted by the board of directors. The board of directors hired an outside consulting firm for salary comparability data. The information and decision were documented in the board minutes and employee file. Compensation for the cfo was determined through an annual evaluation conducted by the ceo. Comparability data and survey information from the oklahoma hospital association was used. The information and decision were documented in the employee file.”

“See form 990, part vi, line 15a.”

“The hospital makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. The hospital also provides a copy of its annual audit to the city of shattuck.”

“The hospital provides care to persons covered by governmental programs at below cost and to individuals who are unable to pay. The unreimbursed value of providing care to these patients was 341,271 for charity care, 11,339,530 for medicare, 365,824 for medicaid, and 8,047,600 for other third-party payors for the year.”

“Other professional fees 4,558,710 675,768 0”

“Transfer from authority 411,960”