Arkansas Children'S Inc

“The following officers, employees, and directors had a business relationship during the fiscal year: marcella doderer, crystal kohanke, frederick barr, and gena wingfield served on the board of the children's healthcare system, an affiliated company; gena wingfield and brent thompson served on the arkansas children's care network board, also an affiliated company; marcella doderer, gena wingfield, patrick schueck and ryan solomon served on the board of sacova insurance company, ltd., also an affiliated company. Additionally the following directors had a business relationship during the fiscal year: mark mccaslin and mark saviers mark saviers and ron clark ron clark and charles whiteside”

“The draft form 990, which is reconciled to the internal financial statements and the arkansas children's, inc. Consolidated audit report, is initially reviewed in detail with the vp of financial operations of arkansas children's, inc. The draft form 990 is then provided to the arkansas children's planning and oversight committee for its review prior to filing. If the review results in revisions to the form 990, those revisions are made. The form 990 to be filed is then provided to the entire board prior to filing.”

“Arkansas children's, inc. Maintains a conflict of interest policy which pertains to all related entities. Following are the details regarding monitoring and compliance: a. Consistent with the arkansas children's code of conduct, all employees or those serving on arkansas children's-related committees must disclose any employment, transaction, or other arrangement that may cause a conflict of interest. All persons covered by this policy must disclose possible conflicts of interest caused by their work, or a family member associated with arkansas children's. All parties must further agree to manage such conflicts in accordance with this policy and associated procedures. B. Each employee and volunteer must complete the conflict of interest statement at the time of their annual evaluation. C. Medical staff members will complete an initial conflict of interest statement during the credentialing process and then annually during the reappointment application process. The conflict-of-interest statements are submitted electronically to corporate compliance for review and further action, if needed. D. It is the responsibility of each individual to immediately notify their supervisor of any conflict and remove themselves from any discussion, evaluation, deliberation that involves their conflict of interest. E. The compliance officer will review completed statements and if needed take further action, in consultation with appropriate management. F. Upon request, patients or their legal representatives will be given information regarding physician conflicts of interest related to the patient's care. This information can be requested from the corporate compliance office. Regarding board conflicts, the arkansas children's board has adopted, and requires the directors, non-director committee members, officers and key employees of the corporation to adhere to, a conflict of interest policy that is substantially consistent with the principles and standards established for addressing conflicts of interest by applicable law, regulation or administrative guidance and with prevailing best practices for section 501(c)(3) tax-exempt organizations. The board of directors conflict of interest policy is issued to and reviewed with all new board members during their board orientation. In addition, in-house counsel will periodically review the policy with the full board during a regular board meeting. A director shall disclose in writing to the board of directors any actual or potential conflict of interest when the situation develops, including the facts that make it an actual or potential conflict. Each director shall sign an initial conflict of interest disclosure statement upon election to the board of directors. Each director also shall sign an annual conflict of interest disclosure statement. If an actual or potential conflict of interest develops after the director's initial and annual statements are signed, the director shall immediately sign a new disclosure statement to address the new situation or transaction. Conflict of interest disclosure statements or declared conflicts will be reviewed by the director board officers. Review will result in one of the following actions by majority vote: (1) determined not to be a conflict; (2) conflict is accepted; or (3) conflict is not accepted and the director will need to abstain from participation in certain votes. Conflict disclosures, facts and actions will be documented in the appropriate committee or board minutes. A director with a conflict of interest will not participate in deliberations or vote by the board of directors, or committee thereof, on the matter giving rise to the conflict. He or she may present relevant information about the matter and also may respond to requests for facts needed by the board to reach an informed decision. After any discussion, the interested director shall either abstain from vote or recuse completely and be absent during further deliberations and action on the matt”

“Compensation for any arkansas children's executive or senior officer (president; executive vice president; senior vice president) who is not a contracted uams employee is reviewed by the arkansas children's human resources and compensation committee which is established through the bylaws of arkansas children's, inc. The committee has the full authority and specific responsibility for reviewing and approving executive compensation practices as it relates to base salary, incentive compensation and total remuneration targets. The committee has specific responsibility for determining compensation for the health system president/ceo and for approval of recommendations made by the ceo for positions deemed as "disqualified persons" under section 4958 of the code. The policies and programs reviewed and approved by the committee shall be designed to ensure that the corporation and its affiliates remain competitive and reasonable relative to the compensation and total remuneration of similarly situated health systems locally and nationally, and to permit the corporation and such affiliates to attract and retain superior executives in furtherance of the corporation's and affiliates purposes. In its process, the committee shall obtain and must rely upon appropriate data as to comparability prior to making its determination of reasonableness with respect to the compensation arrangements of disqualified persons. Appropriate data includes, but is not limited to, compensation levels paid by similarly situated organizations, both taxable and tax-exempt, for functionally comparable positions, current compensation surveys compiled by independent firms; the committee may rely upon opinions of qualified legal, accounting, valuation and executive compensation experts. Contemporaneously with making its determination of reasonableness with respect to the compensation arrangement of the ceo and disqualified persons, the committee shall document in its minutes the basis for its decisions. A verbal report is provided to the board by the chair of the committee. Minutes are available for review upon board member request to the board chair.”

“Arkansas children's form 990 is available to the public upon request.”

“Arkansas children's governing documents, conflict of interest policy, and financial statements are available to the public upon request as required.”

“Allocation adjustment of additional costs - ach 1,846,083.”