Mckenna Memorial Hospital Inc

“Members or stockholders the corporation shall have one member. Sole member shall be mckenna foundation.”

“Decisions of the governing body a) approve or adopt an annual operating or capital budget of the corporation, b) approve any financial expenditure which deviates from the corporation's annual operating and capital budgets if the sum of such financial expenditure and the sum of all prior financial expenditures deviate from the corporation's annual and capital budgets by more than five percent per fiscal year, c) approve the purchase or acquisition of any property (real, personal, or mixed) by the corporation if the purchase price or other obligation of the corporation for such purchase deviates from the corporation's annual budget by more than five percent per fiscal year, d) approve any sale, gift, lease, mortgage, or other transfer or encumbrance of the real property of the corporation if the value of such sale, gift, lease, mortgage, or other transfer deviates from the corporation's annual budget by more than five percent per fiscal year, e) approve any sale, gift, lease, mortgage, or other transfer or encumbrance (collectively, a "transfer") of the personal property of the corporation if the sum of such transfer and the sum of all prior transfers deviates from the corporation's annual budget by more than five percent per fiscal year, f) approve a merger, acquisition, or consolidation of the corporation, g) approve the creation of or investment in any subsidiary or affiliated entity of the corporation or other legal entity, h) approve the creation of indebtedness through the guaranty of the debt of others or similar action in an aggregate amount exceeding $500,000 per fiscal year, i) approve giving or seeking of grants if the same deviates from the policy of the member, j) approve the appointment or removal of one or more trustees in accordance with article 3 of these bylaws, or k) approve any alteration, amendment, or repeal of these bylaws in accordance with article 8 of these bylaws or any alteration or amendment to the articles of incororation of the corporation.”

“Detailed review of the form 990 the organization engages an outside accounting firm to prepare form 990. Once prepared, a draft of the form 990 is presented to the mckenna audit/finance committee for review and recommendation to the mckenna foundation board for approval. The mckenna foundation board approves the form 990 prior to filing.”

“Compliance with written conflict of interest policy board members complete a conflict of interest questionnaire annually at the beginning of each year. The board resolves any conflicts of interest, as they arise, throughout the year.”

“Governing documents available to the public all mckenna memorial hospital governing documents, policies and financial statements are available to the public upon request.”

“Election of governing body the board of directors appoints directors with the approval of the member.”

“Process for determining compensation the mckenna foundation board discusses and reviews the compensation for the ceo by reviewing compensation comparisons from other organizations of similar size. In addition the foundation board receives a salary survey from the association of small foundations that is used in determining total compensation and benefits paid to the ceo.”

“Reconciliation of net assets transfers to mckenna health management $ (6,651,131)”