Henry County Health Center Inc

“Jeremy alexander, dr. Michael mccoy, and matt wenzel are on the boards for the related entities of great river health system.”

“Executives and employees of great river health system, inc., manage the activities of the henry county health center, inc. The cfo is an employee of henry county soldiers and sailors memorial hospital and provides services through a services agreement with that organization.”

“Great river health system, inc., an iowa nonprofit corporation, is the sole member of henry county health center, inc.”

“The sole member, great river health system, inc (grhs), has the sole power to elect or remove all board members of henry county health center. The nominating committee shall present a recommendation for the election of directors to the board, which upon approval of the board and the subsequent approval of grhs, shall be elected to the board.”

“The grhs board of directors has the following specific powers related to all subsidiary corporations and affiliated organizations: 1. Elect or remove the board of directors, or any other member of the board of directors; 2. Amend the articles of incorporation or the bylaws; 3. Dissolve or approve merger with any other corporate entity; 4. Approve strategic or other business plans; 5. Approve capital and operating budgets; 6. Approval of any indebtedness incurred; 7. Transfer, sell or close any facility, department or function; 8. Approve any charitable disbursements, whether internal or external, in excess of one hundred thousand dollars ($100,000.00) in the aggregate during any fiscal year; 9. The sale, disposition or any encumbrance (other than routine lease transactions) of any real estate; 10. Adopt, amend, or terminate employee benefit programs or plans; 11. Appoint or terminate the chief executive officer; 12. Approve the election of any officer or chairperson of the board of directors; and 13. To take any other action necessary deemed in the best interests of grhs.”

“There are no committees with authority to act on behalf of the governing body.”

“The form 990 was prepared by an external accountant. A draft of the form 990 was reviewed in detail by a member of the accounting department, corporate controller, and cfo. Any necessary adjustments were made prior to finalizing the form. A copy of the final form 990 was made available to the board members for their review prior to filing with the irs. Any questions of the board members were addressed through the accounting department.”

“Both corporate and subsidiary board members are provided education regarding conflicts of interest. This education is provided by the chief compliance officer. All board members are required to complete a conflict of interest disclosure form. Relationships noted on this form may be discussed with the respective board member if there are questions. If an individual has a conflict of interest, they may not participate in discussions relating to the transaction in question and may not vote on matters related to the transaction. Conflict of interest proceedings arising from conflicts of interest are documented in the board minutes.”

“Compensation of officers is paid by great river health system inc. The compensation for the ceo and other officers is determined by the executive compensation committee of great river health system, inc. The role of the compensation committee is to act on behalf of the corporate board of directors in adopting, reviewing and maintaining an executive compensation philosophy. The compensation committee is comprised of three board members, all of whom are independent from the ceo and other officers. The compensation committee reviews the compensation of the ceo and other officers on an annual basis. The deliberations and decisions are documented in minutes taken at the meetings. Great river health system, inc. Participates in and utilizes executive salary surveys to determine compensation ranges. The committee reviews prevailing market data to ensure continued market competitiveness. The compensation committee also engages an independent third party compensation consulting group biennially to assess and validate the entirety of executive compensation and benefits packages to ensure regulatory compliance, external competitiveness, and internal equity. The most recent year of an independent third party review was 2024.”

“Henry county health center makes its governing documents, conflict of interest policy, and financial statements available upon request.”

“Other fees: program service expenses 10,871,752. Management and general expenses 7,916,106. Fundraising expenses 0. Total expenses 18,787,858.”

“The process for oversight and selection of an independent accountant has not changed from the prior year.”