Delta Dental Plan of New Mexico Inc

“Delta dental plan of new mexico, inc. Has a sole member, renaissance health service corporation.”

“Board members are elected by the present board and are approved by renaissance health service corporation, the sole corporate member of delta dental plan of new mexico, inc.”

“The sole member has the rights that are prescribed by law, for members of non-profit corporations, including the approval of significant expenditures and ceo appointment.”

“The information presented on the form 990 is gathered by the senior tax administrator for the organization. The cfo reviews the information. Once approved the information is given to outside tax preparers who prepare and review the form 990. Once complete, an electronic copy of the form 990 is placed in a secure portal for the board to review, prior to filing the 990 with the irs.”

“The enterprise's vice president and chief legal officer is charged with reviewing and monitoring any potential conflict of interest transactions. All members of the board of directors, officers, and key employees are required to review and execute a conflict of interest policy. This policy requires that any conflicts of interest be disclosed on an annual basis, or at any other time that the person executing the policy becomes aware of a situation or transaction that actually or potentially creates a conflict of interest. All conflict of interest disclosure forms are initially reviewed by the vice president and chief legal officer. If a prohibited transaction is identified, the matter is escalated to the ceo and to the audit, finance and risk management committee of the board of directors for further review and appropriate action. In the event of a conflict of interest involving a member of the board of directors, such as a vote, in which a member has an interest, the member is required to disclose the potential conflict and abstain from any vote on the matter. Whether further precautions are required (e.g., prohibiting the interested party from engaging in discussions) would depend upon the specific nature and background of the conflict.”

“Ceo compensation is set by the executive committee of the board of directors. Market data provided by outside consultants, towers watson, is used to validate the reasonableness of the total compensation package. Compensation for certain officers, including the cfo and chief legal officer is determined and paid through a related organization, delta dental plan of michigan, inc.”

“Delta dental plan of new mexico, inc. (ddnm) files on a quarterly and annual basis comprehensive financial documents with the new mexico office of insurance superintendent (osi). Osi and the new mexico secretary of state have on file all governing documents. The ddnm's 990 form is available to the public upon request.”

“Certain employees are officers of multiple companies within the larger organization. The average hours worked reflects approximate time spent in each of those individual companies. While the hours are allocated to individual companies, much of the officers' time is spent working on issues that impact the entire organization, not just one company. Compensation is reported in full to agree to the employee's w-2 as required by irs instructions. Any allocation of compensation is included on schedule r.”

“Contract labor: program service expenses 729,131. Management and general expenses 597,823. Fundraising expenses 0. Total expenses 1,326,954. Purchased dental services: program service expenses 55,277,287. Management and general expenses 0. Fundraising expenses 0. Total expenses 55,277,287.”

“Gain on investment in renaissance holding company 269,114.”