Platte Valley Healthcare Project

“The bylaws allow for an executive committee to act on behalf of the governing board between board meetings. The executive committee consist of the board chair, vice-chair, secretary/treasurer, and immediate past chair. In the filing year an executive committee was not formed.”

“Services for the ceo, jeff mincy, and the cfo, donna pratt, were paid to health management services (hms), an unrelated management company. In calendar year 2022, the organization and disregarded entities paid a total of $131,848 to hms for ceo and cfo services, as well as administrative services. The agreement does not separate the ceo/cfo services from the administrative services.”

“There are no acting committees in the filing year that had the authority to act on behalf of the governing board.”

“The 990 will be reviewed by the board treasurer and, after any necessary corrections are made, the form 990 will be reviewed by the board of directors, and a vote will be taken to file with the irs.”

“The conflict of interest policy covers officers and directors of the organization. Annually they review the conflict of interest policy. If there is a potential conflict, the individual abstains from the discussion and voting on the potential conflict. The remaining board members determine if a conflict does exist.”

“The ceo and cfo are paid by an unrelated management company, hms. Platte valley healthcare project negotiates a management contract for administrative and management services. The organization does not compensate board members or officers.”

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

“During the year ended 6.30.2023, platte valley healthcare project (pvhp) hired a management company to provide leadership and recordkeeping for the organization, which included managing the funding, building, and opening of the new hospital facility. During this process, the management company failed to complete crucial steps required for opening the hospital, which resulted in pvhp terminating the agreement with the management company. This separation was contentious, and the management company refused to release pvhp's records to the organization. As a result, pvhp does not have complete accounting records for fiscal year 2023 and is unable to complete certain parts of this form 990. Specifically, this impacts: form 990, part iv, line 20b: pvhp hired an accounting firm to audit the financial statements for the year ended 6.30.2023. Due to the missing records described above, the auditor was not able to issue an opinion on the financial statements. The financial statements with the disclaimer of opinion report is attached. Form 990, part iv, line 23; form 990 part vii; schedule j: the management company has refused to provide payroll and contractor records for pvhp. As a result, pvhp is unable to identify employees that met the reporting requirements for part vii and schedule j. This reporting is excluded. Form 990, part v, lines 1a - 2b: the management company has refused to provide payroll and contractor records for pvhp. As a result, pvhp is unable to determine the number of 1099s and w-2s issued for calendar year 2022. This reporting is excluded. Form 990, part vii, section b: the management company has refused to provide contractor records for pvhp. During the year ended 6.30.2023, the records for the hospital were maintained separately from the records maintained by the care center (saratoga care center, laramie peak therapies, and platte valley clinic). As a result, the reporting of highest compensated contractors only includes contractors paid by the hospital. Contractor payments for the entities maintained by the management company are excluded. Schedule h, part i, lines 1a - 5c; schedule h, part iii, section c; schedule h, part v, lines 13 - 24: the management company has not provided records of policies that were prepared for the hospital opening. As a result, pvhp is unable to determine if a financial assistance policy or a collections policy were adopted for the year ended 6.30.2023.”

“Contracted therapy: program service expenses 25,017. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,017. Contracted medical staff: program service expenses 1,028,979. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,028,979. Contracted laboratory services: program service expenses 76,728. Management and general expenses 0. Fundraising expenses 0. Total expenses 76,728. Other contract services: program service expenses 9,023. Management and general expenses 381,194. Fundraising expenses 0. Total expenses 390,217.”