Nnu Health Inc

“Northwest nazarene university shall be nnu health's sole member (in such role, the "member"). Membership shall not expire. Actions of the member shall be taken in the manner authorized by the bylaws of the university, as may be in effect from time to time.”

“Northwest nazarene university is the sole member of nnu health. The chair shall be appointed by the university and the office of treasurer shall be filled by the ex officio director holding the position of vice president for finance and operations of the university. The offices of vice-chair and secretary shall be elected by the board of directors and approved by the university.”

“There are no committees with authority to act on behalf of the board of directors.”

“Once the form 990 has been prepared by the organization's accounting firm, it is reviewed by the controller and the vp for finance (cfo) for any missing and/or inaccurate numbers, statements, etc. When management is satisfied that it is accurate and complete, an electronic copy of the form and all schedules is emailed to the individuals on the audit committee for their review. If the timing is such that it can be readily reviewed at a regularly-scheduled board meeting, the audit committee discusses any questions they have with management and/or the accounting firm at the meeting. When all questions have been answered to their satisfaction, all other trustees receive an electronic copy of the return before it is electronically filed with the irs. If the timing does not coincide with a regularly-scheduled board meeting, the members of the audit committee direct any questions they have to the controller and/or cfo either individually via email or telephone or a telephone conference call meeting is held at which all of the committee can discuss any questions they have.”

“Each member of the board of trustees shall, annually, sign a statement certifying that they have read, understand, and agree to comply with the conflict of interest policy. If there are any exceptions, they are required to state them and excuse themselves from voting on any business related to the area of conflict. Additionally, any employees who report directly to the president or a vice president shall sign the same statement, also noting any exceptions. The disinterested board members review the conflict of interest and and results of the proceedings are documented in the organization's meeting minutes.”

“Nnu health makes its governing documents, conflict of interest policy, and audited financial statements available to the public upon request. They are available for review during regular business hours and a copy can be otained within a reasonable time period. The requestor may be required to pay the costs of reproducing the copies, if needed.”

“Beginning net assets consolidated with northwest nazarene university 752,354.”

“Nnu health's financials are consolidated with northwest nazarene university, which is the sole member of nnu health. The university's board has a committee which assumes responsibility for the oversight of its financial statement audit and accountant selection process. This process has not changed from the prior year.”