Livingston Healthcare

“The Board shall have as a standing committee an Executive Committee. The Executive Committee shall consist of up to four members of the Board, which shall include the Chairperson, Vice Chairperson, Secretary, and Treasurer. The Executive Committee may consist of additional members of the Board at the discretion of the Board. Action of the Executive Committee shall be subject to approval by the Board, except to the extent provided otherwise in a resolution of the Board pertaining to a particular matter, transaction, or undertaking.”

“The CEO was paid by an unrelated management company, Billings Clinic. LHC paid Billings Clinic $251,004 for CEO services for Bruce Whitefield for the calendar year 2023. LHC paid Billings Clinic, an unrelated management company, $275,679 of severance pay for Deb Anczak, Former CEO, for calendar year 2023.”

“Through an affiliations agreement Billings Clinic has the authority to approve up to 25% of the total number of board members.”

“The finance committee reviews the 990 prior to its issuing. The governing board is provided a copy prior to filing.”

“This policy applies to all employees of Livingston HealthCare (LHC), volunteers, medical staff, contracted workforce, or other individuals that have a financial interest and are authorized to conduct business on behalf of LHC. Conflicts are reviewed by the Conflict of Interest Review Panel, chaired by the Compliance Officer. Communication will direct the interested person to discontinue the outside relationship/activity, discontinue relationship with outside organization, or establish management plan to monitor relationship/activities. Policy is monitored through open communication and review of the policy.”

“The CEO was paid by an unrelated management company, Billings Clinic. Billings Clinic reviews and establishes the compensation package for the CEO, and the full governing board of Livingston Healthcare then must approve the CEO compensation initially, as well as annually as a part of the budget process. The governing board of Livingston Healthcare has final authority on employment of the CEO through Billings Clinic. Executive compensation is reviewed by the board of directors, as well as an external third party.”

“The organization made its governing documents, conflict of interest policy, and financial statements available to the public upon request. The organization also has an annual report available on its website.”

“Four board members are physicians that are paid by unrelated management companies for their phsyician services. They are not paid for their service on the Board of Directors, and thus, no compensation is reported on Part VII for the following indidviduals: Justin Roberts, MD, Claire Kennamore, MD, or Stefanie Lange, MD.”

“Contracted Services: Program service expenses 7,440,840. Management and general expenses 1,777,043. Fundraising expenses 7,134. Total expenses 9,225,017. Licenses, Fees, and Taxes: Program service expenses 1,102,069. Management and general expenses 796. Fundraising expenses 0. Total expenses 1,102,865. Other Fees: Program service expenses 1,533,150. Management and general expenses 119,238. Fundraising expenses 0. Total expenses 1,652,388.”

“Audit Adjustment to Net Assets -30,397.”