Southwest Colorado Mental Health Center Inc

“Compensation for all job classifications, including executive management, is reviewed periodically using independent resources. Compensation information is also obtained from all community mental health centers and fqhcs in the state to ensure a valid assessment is made. In addition, the ceo compensation is subject to additional annual review by the executive committee of the board of directors.”

“The executive committee shall consist of the president, the vice president, the secretary, and the treasurer. The executive committee may be delegated the authority to act on behalf of the entire board in specific circumstances, only between board meetings and consistent with established board direction. Such authorization must be granted by a vote of the board at a regular or special meeting in advance of the action required. The executive committee will report all actions taken to the full board which will be voted on as accepted in the minutes.”

“The form 990 is prepared by the audit firm based on the audited financials and schedules prepared by axis health system accounting staff. The approved form 990 is reviewed by the budget and finance committee of the board of directors, presented to the board of directors, approved and signed by the vp of finance. The form 990 is filed by the established deadline each year.”

“All staff sign a conflict of interest statement as part of their initial orientation. A reminder notice regarding the tenets of the conflict of interest policy is shared with all staff annually, with guidance on notifying axis health system of any change in status. The staff are expected to raise any potential conflict of interest issues for assessment by the ceo or designee. The board of directors has a conflict of interest policy and a related section (section 10) in the board bylaws that is reviewed annually with current board members. At each board meeting, members are asked to raise any real or perceived conflict of interest issues for assessment and resolution by the board.”

“Governing documents, conflict of interest policies, and financial statements are available from the organization upon request.”

“OTHER - Total Revenue: 1187663, Related or Exempt Function Revenue: 1187663, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“During the organization's fiscal year ending june 30, 2024, the assets and liabilities of uncompahgre mental health services, inc., a colorado nonprofit corporation which axis health system was the sole member of, were transferred to axis. An inherent contribution of $5,007,231 was recognized as a result of the transfer and is included as an other change in net assets on part xi, line 9.”

“Loss on investment in subsidiary - -6018118; change in fair value of interest rate swap - -3462;”

“The board of directors assumes the responsibilty for selecting the independent auditors. They are also responsible for ensuring the audit is complete. The board directs the ceo to ensure timely completion of the financial statements for regular board review and the performance of the annual audit of its financial statements. The ceo directs/delegates this function to the cfo. This process has not changed from prior years.”