Frasier Meadows Manor Inc

“The executive committee shall be composed of the board chair (who shall also serve as chair of the executive committee), the vice chair, and the president/ceo. The executive committee shall act for the board of directors between meetings of the board; establish the agenda for the board meetings assuring full disclosure of information and full consideration of all matters presented to the board; and no less often than annually, conduct a confidential performance review of the president/ceo and set their compensation for the ensuing year in accordance with the policies developed by the board. All actions taken by the executive committee shall be disclosed in minutes of its meetings and thereafter ratified by the board of director at its next meeting.”

“The organization shall have a sole member, frasier living, inc.”

“Frasier living, the sole member, shall have the rights and powers to approve and remove all members of the corporation's board of directors.”

“The following rights and powers shall be reserved to frasier living, the sole member: a. Approval of directors. Approve all members of the corporation's board of directors; b. Removal of directors. Remove any director serving on the corporation's board of directors; c. Officers. Appoint and remove the president and chief executive officer of the corporation ("president/ceo") and approve and remove all other officers of the corporation; d. Strategic plans. Approve strategic, operating, and master plans of the corporation; e. Budgets. Approve all annual operating and capital budgets of the corporation; f. Significant transactions. Approve any merger or consolidation of the corporation or its subsidiary, or any transaction providing for the sale, mortgage or other disposition of all or substantially all of corporation's assets; g. Lncurrance of debt. Approve any incurrence, assumption, or guarantee of debt by the corporation; h. Real estate. Approve the non-budgeted purchase, sale or lease of all real estate of the corporation; i. Auditors. Approve the financial auditors of the corporation and its subsidiaries; j. Organizational documents. Approve any amendments to the articles of incorporation, bylaws, operating agreements or analogous governing documents of the corporation and its subsidiaries; k. New affiliations. Approve any strategic affiliations, joint venture, or joint enterprise by the corporation; i. Bankruptcy. Approve any bankruptcy filing or any insolvency proceeding by the corporation; m. New entities. Approve the creation of new affiliates and subsidiaries of the corporation; n. Legal compliance. Approve all written compliance-related policies and procedures of the corporation; o. Compensation and benefits. Approve salaries, wage rates, compensation and employee benefits of the corporation's executives; p. Dissolution. Approve the dissolution, conversion or liquidation of the corporation; q. Material contracts. Approve contracts that call for expenditures by the corporation or a subsidiary the sums of which equal or exceed $250,000 per fiscal year or which equal or exceed $500,000 for a one-time purchase. R. Non-budgeted expenses. Approve non-budgeted operating expenses and capital expenditure by the corporation or a subsidiary the sums of which, individually or in the aggregate, equal or exceed $250,000; s. Settlements. Approve the initiation or settlement of litigation by the corporation or a subsidiary; t. Investments. Approve all significant investments and investment policy of the corporation. U. New service lines. Approve new service or business lines not previously provided by the corporation; and v. Discontinuance of service lines. Approve the discontinuance of existing service or business lines provided by the corporation.”

“The form 990 is prepared by an independent accounting firm with information provided by management. The form 990 is reviewed by the cfo, ceo and by the board of directors prior to filing.”

“Each trustee or officer signs a copy of the conflict of interest policy at the initiation of his or her term of office, annually thereafter, and at the time of any significant change of duties. During the year, conflicts are brought up and recorded in the board of trustees minutes. If any conflicts of interest exist, the board members recuse themselves from voting on any matter pertaining to the conflict.”

“The executive committee acts as the compensation committee for determining the compensation of the ceo and other officers of frasier meadows manor. At least every four years, the executive committee commissions a qualified independent consulting firm to evaluate the organization's executive compensation program. Using the data from the compensation study, the executive committee reviews the compensation packages of the ceo and other executive positions. Frasier living approves salaries, wage rates, compensation and employee benefits. The executive committee maintains the required documentation of the process in the minutes of its meetings, which includes, among other information, the terms of the compensation packages and the comparability data used in determining the compensation packages. The process described here was last completed in 2024.”

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

“A third party is used to sell donated vehicles.”

“Unrealized gains on interest rate swaps -1,585,480.”

“Frasier living has the sole authority to approve the selection of the financial auditors.”