Vb Medical Holdings

“CLASSES OF MEMBERS OR STOCKHOLDERS Valley Baptist Service Corp is the sole member.”

“Governing documents available to the public the organization does not make its governing documents, conflict of interest policies, and financial statements available to the public.”

“MEMBERS OR STOCKHOLDERS WHO MAY ELECT MEMBERS OF GOVERNING BODY As the sole member, Valley Baptist Service Corp has the power to appoint all members to the board of directors. As the sole member, Valley Baptist Service Corporation has the power to approve or disapprove certain decisions previously approved by the board of directors.”

“PROCESS FOR MONITORING COMPLIANCE WITH CONFLICT OF INTEREST POLICY The board reviews and resolves, if necessary, any conflicts of interest as they arise throughout the year.”

“Review of compensation the board of directors of valley baptist developed the policy to be utilized for determining compensation. A compensation committee was formed from the board who oversees this process. Valley baptist utilizes an independent compensation consulting firm which approves the pay ranges proposed based on published survey data. Written employment contracts are executed with the ceo only. In 2013, a compensation committee was formed and an independent consultant was hired to perform a compensation study using comparability data.”

“Process to review the from 990 the organization engages an outside accounting firm to prepare form 990. Once prepared, the organization's internal accountants and governing board review the return prior to filing.”

“During the tax year VB Medical Holdings sold its 49% interest in a joint venture which operated two hospitals and other healthcare ancillary services. The organization is in the process of winding down operations.”