Altamed Foundation

“Castulo de la rocha, board member, and zoila d. Escobar, president, have a family relationship.”

“Altamed foundation's outside cpa firm and finance staff prepare the form 990. The form is then reviewed and approved by the organization's president. The form is subsequently provided to the full board for review before filing.”

“All officers, directors and key employees are covered persons under altamed health foundation's conflict of interest policy. The purpose of the policy is to protect the corporation's interests when it is contemplating entering into a transaction or arrangement that might benefit the private interests of a trustee, officer or other person in a position of authority within the corporation and to ensure compliance with applicable law. An interested person is required to make an appropriate disclosure of all material facts, including the existence of any financial interest, at any time that any actual or potential conflict of interest arises. This disclosure obligation includes instances in which an interested person who is a trustee knows of the potential for a self-dealing transaction as described in the policy, or a transaction involving common directorship as described in the policy, involving him or her. It also includes instances in which the interested person plans not to attend a meeting of the board or a board committee with governing board-delegated powers (a "committee") at which he or she has reason to believe that the board or committee will act regarding a matter about which he or she may have a conflict. Depending on the circumstances, this disclosure may be made to the chair of the board, or, if the potential conflict of interest first arises in the context of a board or committee meeting, the entire board or the members of the committee considering the proposed transaction or arrangement that relates to the actual or possible conflict of interest. In addition, interested persons are required to make an annual disclosure of ongoing relationships and interests that may present a conflict of interest. If an interested person becomes aware of any potential self-dealing or common directorship transaction or other conflict of interest involving another interested person, he or she is required to promptly report it consistently with the reporting procedures and requirements of the policy. Factors the decision-making body may consider when determining whether an actual conflict exists include: (i) the proximity of the interested person to the decision-making authority of the other entity involved in the transaction, (ii) whether the amount of the financial interest or investment is de minimis relative to the overall financial situation of the corporation, and (iii) the degree to which the interested person might benefit personally if a particular transaction were approved. If it is determined that an actual conflict of interest exists which also constitutes a "self-dealing" transaction as described in the policy, then the transaction or matter in question may be authorized only if approved by the vote described in the policy after the corporation has followed the procedures set forth in the policy. The interested person or a family member of such person has financial interest, or (iii) an entity with which the interested person has an agency relationship on the other hand, then the matter in question may be authorized only if approved by the vote described in this policy after the corporation has followed the procedures set forth in this policy. In all circumstances where it is determined that an actual conflict of interest exists, the decision-making body shall recommend an appropriate course of action to protect the interests of the corporation. All disclosures and the outcome of the deliberation about whether a conflict of interest exists shall be recorded in the minutes of the appropriate deliberative meeting. Prior to voting on a contract, the interested person may make a presentation at the board or committee meeting at which such transaction is being considered, but following the presentation, he or she must leave the meeting prior to the discussion of, and the vote on, the transaction or arrangement involving the conflict of interest. The chair of the board or committee, if appropriate, will appoint a disintereste”

“Governing documents, conflict of interest policy and financial statements are available to the public upon request. However current tax law does not require these documents be provided to the public.”