Hamakua Health Center Inc

“The form 990 is reviewed in detail by the chief financial officer and approved by the business affairs committee. The form 990 is also distributed to all members of the board of directors before it is filed.”

“If at any time during his/her tenure a director of the board concludes that his/her membership and/or affiliation with any organization or company doing business with or having a contractual or other relationship with the hamakua health center results in a conflict of interest, that director shall disclose to the board such material facts regarding such interest, and note thereof will be recorded in the minutes. Appropriate action will then be taken as determined by a majority vote of the board (in which such director shall not have a vote). Depending on the circumstances, such action shall include: 1. Abstaining from voting, and/or 2. Withdrawal from a meeting during discussion, and/or 3. Resignation from the board or termination of such director's membership in or affiliation with, such an organization or company. Interested directors may be counted in determining the presence of a quorum at a meeting of the board or of a committee which authorized such contract or transaction which is the source of the conflict. Approval of such contract or transition shall require the approval of a majority (or greater number if necessary) of the disinterested directors. If the executive committee ascertains that such a conflict of interest exists, and the director involved has not volunteered to bring it before the board, the executive committee may require said director to take one or more of the appropriate actions outlined above, or may require such transaction to be ratified by the board if such conflict of interest is discovered after the board has approved such transaction. Each board member must sign a conflict of interest and confidentiality statement upon joining the board and annually thereafter each january.”

“The executive director's compensation is determined as follows: 1. Performance evaluation conducted by the governance committee of the board of directors. 2. Wage and salary analysis conducted with the help of the national association of community health centers, the hawaii primary care association, and the hawaii employers' council. 3. The governance committee recommends salary adjustment to the business affairs committee of the board of directors for appropriateness and alignment with the budget. 4. The business affairs committee makes a recommendation to the full board of directors for final approval.”

“Governing documents and the form 990 are available upon request.”

“Consultants & contractors 139,302 219,470 0 payroll fees 14,216 22,446 748 providers 62,048 97,972 3,266 billing services 129,368 204,745 6,328 practice management 119,635 188,897 6,297 total 464,569 733,530 16,639”

“Cost of goods sold 305,580 net unrealized gain on pension 43,767 cost of goods sold -305,580 total 43,767 net assets as of december 31, 2023 was revised after the filing of the form 990 to account for a 50,000 increase to accrued expenses.”