Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, LINE 6 | MEMBERSHIP IN THE ORGANIZATION WILL BE ON AN INSTITUTIONAL BASIS AND AVAILABLE TO ORGANIZATIONS MEETING THE REQUIREMENTS AND OBJECTIVES OF THE ASSOCIATION, AND WILL BE CONSIDERED FOR MEMBERSHIP UPON APPLICATION AND ELECTION AS PROVIDED IN THE BYLAWS. |
| FORM 990, PART VI, LINE 7A & 7B | THE MEMBER HOSPITALS OF COLORADO HOSPITAL ASSOCIATION ELECT THE BOARD OF DIRECTORS. ADDITIONALLY, AMENDMENTS TO THE BYLAWS MUST BE APPROVED BY THE MEMBER HOSPITALS. |
| FORM 990, PART VI, LINE 11B | THE FORM 990 IS PREPARED BY A THIRD PARTY PREPARER AND REVIEWED BY THE ORGANIZATION'S CONTROLLER. AFTER INITIAL REVIEW THE 990 IS PRESENTED TO THE TREASURER AND THEN THE EXECUTIVE COMMITTEE FOR REVIEW PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, LINE 12C | All board members and officers are covered under the organization's conflict of interest policy and must disclose any conflicts annually to the Board of directors. Individuals with a conflict of interest will abstain from voting on the matter in which they have a conflict in. In addition, employees are required to immediately notify supervisors of any potential conflict of interest. Failure to report a conflict of interest is subject to disciplinary action. |
| FORM 990, PART VI, LINE 15A | THE EXECUTIVE COMPENSATION COMMITTEE IS RESPONSIBLE FOR THE ANNUAL PERFORMANCE REVIEW AND EVALUATION OF THE PRESIDENT OF THE ASSOCIATION. THE COMMITTEE HIRES AN OUTSIDE FIRM TO HELP THEM ANALYZE THE BASE COMPENSATION AND INCENTIVE PARAMETERS. EVALUATION POINTS ARE PREPARED AT THE BEGINNING OF THE YEAR TO EVALUATE THE PRESIDENT'S PERFORMANCE. AT THE END OF THE YEAR THE COMMITTEE REVIEWS THE CEO'S PERFORMANCE AND DECIDES WHAT PERCENTAGE OF THE POTENTIAL INCENTIVE COMPENSATION SHALL BE PAID. AT THE COMPLETION OF THEIR REVIEW THEY ISSUE A SINGLE LETTER TO DOCUMENT THEIR DECISIONS. |
| FORM 990, PART VI, LINE 15B | Near the end of each year, the executive compensation committee has an outside consultant gather information from shaef and other sources. The executive compensation committee considers this info in granting compensation and in setting the next years' potential incentive compensation. At the end of the year, the committee reviews performance and decides what percent of the potential incentive compensation shall be paid. At the completion of their review, they issue a single letter to document their decisions as to: the percent of potential incentive compensation earned, the compensation for the upcoming year, and the potential incentive compensation for the upcoming year. |
| FORM 990, PART VI, LINE 19 | The organization's governing documents, conflict of interest policy, and financial statements are made available upon request. |
| FORM 990, PART XI, LINE 9 | GAIN FROM CHA TRUST FOR WORKERS COMPENSATION -2,759 BOOK/TAX DIFFERENCES ON RENTAL DISPOSALS 10,950 |
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