Headwaters High Value Network Inc

“Headwaters High Value Network delegated control over management duties to Cibolo Health. Brett Norell served as the Chief Financial Officer and was a contractor of Cibolo Health. During 2024, he received $22,500 in compensation from Cibolo Health for his services he provided through them for the benefit of Headwaters High Value Network.”

“MN Hospitals that have requested membership and been admitted as members to the Headwater High Value Network, Inc.”

“Board of directors are elected by the Members.”

“The following actions must be approved by two-thirds of all the Members: Admit additional Members; Remove a member except when dues and assessments are not paid within 90 day; Substantially change the present or now intended nature of the Corporation's operations or its mission; Amend the Articles or Bylaws Voluntary dissolve, merge convert, or sell or transfer of all or substantially all of the Corporation's assets to another entity in one transaction or a series of related transactions; Elect the Board of Directors; Exercise all other powers expressly reserved to the Members pursuant to the Corporation's Articles, Bylaws, or Minnesota Statutes Chapter 317A, the Minnesota Nonprofit Corporation Act.”

“No committees are able to act on behalf of the board.”

“The CFO and Chairman will review the Form 990 and provide a copy to the Board prior to filing.”

“Any director, principal officer, or member of a committee with Headwaters Governing Board delegated powers, who has a direct or indirect financial interest, as defined below, is an interested person. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with Governing Board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, they shall leave the Governing Board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. Persons with conflicts will recuse themselves from voting on issues on which they have a conflict.”

“Headwaters High Value Network, Inc. makes the governing documents, conflict of interest policy, and financial statements available upon request.”