Shannon Clinic

“Administrative services for shannon clinic are contracted with shannon medical management.”

“Shannon health system, a 501(c)(3) organization, is the sole member of shannon clinic.”

“The sole member, shannon health system, appoints the members of the board of directors. The member exercises its powers & authority through the action of the chairman of the board of directors of the member or such other person or persons designated by the board of directors of the member to take action.”

“The member has the sole authority to act with respect to a variety of subjects including budgeting, incurrence or guarantee of any debt, creation or sale of any subsidiaries, real property transactions, modifications of the corporation, arrangements between the corporation and any insurer, establishment of training and residency programs, giving and receiving grants, auditor and legal counsel selection, approval, adoption, or amendment of: compensation policy that establishes reasonable salaries of officers, directors, physicians and physician extenders, insurance coverage and fee schedules relating to patient services, commencement of litigation by the corporation, selection and approval of the location of the provision of any services offered by the corporation and any other matters with respect to which exclusive authority is granted to the member by law, the articles, or the bylaws.”

“The organization engages an outside accounting firm to prepare form 990. Once prepared, the form is reviewed by the organization's internal accountants prior to filing. The member's finance committee will review after the form is filed.”

“Officers, directors, and key employees of shannon clinic are employed by shannon medical center or its affiliates, and as such are required to disclose conflicts of interest as they arise, and are required to file annual statements affirming either the conflicts of interest that they may have, or that they have no conflicts of interest.”

“Officers, directors, and key employees of shannon clinic are employed by shannon medical center or its affiliates, and as such have their compensation reviewed annually by the independent shannon medical center board of trustees, which consults comparability data and keeps contemporaneous records of its decisions.”

“Copies of governing documents, conflict of interest policies and financial statements are provided to the public upon request.”

“Other changes in net assets or fund balances transfer to/from affiliates $ 42,234,249”