Riverview Lutheran Retirement Community of Spokane

“The board of directors has an executive committee consisting of the officers of the board. The executive committee provides leadership to the board of directors and can act on behalf of the full board. As needed, the executive committee meets with the president & ceo and can facilitate decision-making between board meetings or in urgent and crisis circumstances. The executive committee does not have the authority of the board of directors in reference to (a) amending, altering or repealing the bylaws; (b) amending the articles of incorporation; (c) electing, apointing or removing any board members or committee members; (d) adopting a plan of merger or a plan of consolidation; (e) authorizing the sale, lease or exchange of substantially all of the organization's assets other than in the ordinary course of business; (f) authorizing the organization's voluntary dissolution or adoping a plan for the distribution of the organization's assets; or (g) amending, altering or repealing any resolution of the board that by its terms provides that it cannot be amended, altered or repealed by the executive committee.”

“The bylaws were amended in november 2023 to update the organization's mission statement.”

“The organization has "participating congregations" consisting of congregations of lutheran churches in the area commonly known as the "inland northwest", including the northwest intermountain synod of the evangelical lutheran church in america; the northwest district of the lutheran church, missouri synod; and other lutheran or christian churches that have applied for participating congregation status and been accepted by vote of the members. Each participating congregation may appoint two delegates who serve as the members of riverview lutheran retirement community of spokane.”

“The board members are appointed by majority vote of a quorum of the members.”

“Amendments to the bylaws that would modify the term limits of board members require approval of the members.”

“The form 990 was reviewed by the ceo, the vp-finance and the board for accuracy before filing.”

“Riverview's conflict of interest policy applies to board members, officers, administrative staff, and key employees of the organization. Each covered individual is required to review the policy and submit a conflict of interest disclosure annually. If an individual has a conflict, they are required to disclose the possible or actual conflict. The conflicted individual is allowed to remain for discussions, but must recuse themself from voting on the issue.”

“Compensation data is gathered from various sources, including information from similar organizations, and is presented to the board's executive committee. The committee uses this data to determine the compensation for the ceo and performs an annual performance review with the ceo. The ceo determines the compensation for all other key employees of the organization. This process was last completed in 2023.”

“The organization's annual audited financial statements are available online through the emma website (bond offering). The governing documents and conflict of interest policy are available upon request.”

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