American Flood Coalition Inc

“The organization's board of directors does not have any committees that have authority to act on behalf of the governing body.”

“The return is provided to each board member for review and to the treasurer for approval before it is filed with the irs.”

“All board members and officers sign conflicts of interest policies annually. The executive director monitors the policy for board members and officers. The chief operations officer monitors the policy of the executive director. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of the committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or commitee members shall decide if a conflict of interest exists. Procedures for addressing the conflict of interest: a. An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement. B. The chairperson of the governing board or commitee shall, if appropriate, appoint a disinterested person or committee to investigate alternative to the proposed transaction or arrangement. C. After exercising due diligence, the governing board or committee shall detrmine whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. D. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement. If the governing board or commitee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“The compensation of the executive director is reviewed by the board annually and was last done during 2024. The compensation is based on annual salary surveys and comparisons to similar organizations. Compensation of the coo is also decided by the board annually and last done in 2024, and is based on an evaluation of market data.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“The organization did not change its oversight and/or selection process during the year.”