Trinity Healthshare Inc

“Line(s) 13 and 14: in 2020 the board caused the adoption of a written whistleblower policy and a written document destruction policy even though the organization currently still has only two (2) full time employees.”

“William h. Thead iii david r. Thead chairman secretary siblings”

“The organization engaged aliera healthcare, inc. To provide it with a variety of management services. In 2019, aliera was paid 32,138,105 for these services. On december 4, 2019, the organization completed and signed contractual agreements to take effect january 1, 2020, with four service vendors of a health care services holding company to assist with its program services.”

“The organization amended its bylaws in 2019 to provide for more detailed provisions on nonprofit corporate governance, corporate structure, its health care sharing programs and specific protections concerning its section 501(c)(3) tax-exempt status.”

“In 2019, the organization had no committees in place that would act on behalf of the governing body.”

“The form 990 is prepared by an independent cpa firm which sends a draft return to counsel and the board of directors for review. A meeting between all parties is scheduled to review the tax return in detail. Any changes decided on at this meeting will be incorporated into the final return before submission to the irs.”

“The written conflict of interest policy is reviewed annually by the board and any relevant parties. Additionally, the policy is reviewed with any new board member(s) or key employee(s) upon their addition to the organization.”

“The board of directors reviewed salary data from comparable industry sources, including similar organizations. The salary paid was at - or in most cases well below - industry standards.”

“Documents were available upon request.”

“Line 1a: through july 16, 2019, the organization had only one employee, the chairman of the board of directors (the "board"). On july 17, 2019, the organization hired its second employee as its president, who is a nationally known expert in the field of health care sharing ministries like that operated by the organization. This substantially enhanced the organization's ability to carry out its tax exempt charitable ministry. An independent director was added on october 23, 2019. As of this filing date, the board had been expanded from three (3) directors in 2019 to five (5) directors, the third, fourth and fifth such directors being independent, thus enabling the organization to make board decisions through the majority vote of independent directors. The board of directors will continue to aggressively recruit qualified and independent board members.”

“The organization is reporting 'beginning of year' amounts that are consistent with what was filed as part of the organization's 2018 form 990. For 2019, the organization has corrected its accounting to more accurately reflect asset and liability amounts.”

“As noted for part x, the organization has corrected its accounting to more accurately reflect asset and liability amounts and has not yet amended its 2018 form 990 (and its 2018 ending 'net assets or fund balances' as reported on line 4). As such, a prior period adjustment amount is reported to properly reflect the 2019 ending 'net assets or fund balances'.”

“The 2018 audit firm selection was performed by aliera healthcare, inc. For 2019 the audit oversight and selection was performed by the organizations's board of directors.”