Sarh Holdings Inc

“The board of directors may appoint an executive committee consisting of the officers of the board and other members appointed by the board. The executive committee would exercise the powers of the board in the management of the organization's affairs and business as allowed under the arkansas nonprofit corporation act of 1993. The executive committee would maintain regular minutes of its proceedings and report the same to the board at each regular board meeting. There was not an active executive committee in 2024.”

“Share foundation provides executive management services. Additionally, ovation healthcare provides hospital administrative services (including the hospital's president), operations and clinical management consulting, financial reporting, revenue cycle, information technology and supply chain/group purchasing shared services support to south arkansas regional hospital holding company, south arkansas regional hospital, llc and south arkansas physician group, llc through multiple lines-of-business and related statements of work including, but not limited to octave leadership advisory, amplify revenue cycle shared services, elevate supply chain management, and tempo information technology shared services. Furthermore, services totaling $33,000 were paid to share foundation for britney snell's services.”

“The members of sarh holdings are share foundation, the murphy foundation, murphy usa charitable foundation, and arhealth ventures.”

“All individuals serving on the board of directors are elected by the members. Six directors are elected by share foundation, one of which is the chair of the board. Two directors are elected by murphy usa charitable foundation. Arhealth ventures and the murphy foundation each elect one director.”

“Amendments to the articles of incorporation and bylaws require approval of the members.”

“Prior to filing, the 990 was provided to the board of directors.”

“All board members are asked to review the conflict of interest policy and disclose interests annually. Upon disclosure of the material facts of a transaction and a director's interest therein, a conflict of interest transaction may be authorized, approved or ratified if it receives the affirmative vote of a majority of the directors then in office who have no direct or indirect interest in the transaction.”

“The ceo's services are provided through a contract with a third party, so their compensation is set by that third party. The president, cfo and cno's compensation is determined by the board's personnel and compensation committee, which reviews external compensation benchmarks, approves recommendations and presents those to the finance committee and the board of directors for approval. The process and outcome are documented.”

“The organization's governing documents, financial statements and conflict of interest policy are not available to the public.”

“Purchased services and professional services: program service expenses 14,830,652. Management and general expenses 7,838,918. Fundraising expenses 0. Total expenses 22,669,570.”

“The authority and process for selecting the financial statement auditor and for overseeing the financial statement audit did not change during the year.”