Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | THE VHMA CONTRACTS AN ASSOCIATION MANAGEMENT COMPANY TO PERFORM AND TO BE RESFONSIBLE FOR DAY-TO-DAY ACTIVITIES OF THE ASSOCIATION AT THE DIRECTION OF THE BOARD OF DIRECTORS. THE MANAGEMENT COMPANY PAID $139,027 TO THE EXECUTIVE DIRECTOR FOR HER ROLE IN VHMA. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION IS MADE UP OF FIVE CLASSES OF MEMBERS, INCLUDING INDIVIDUAL MEMBERS, TEAM MEMBERS, STUDENT MEMBERS, CONSULTANT MEMBERS AND HONORARY MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | DIRECTORS ARE ELECTED BY THE MEMBERS FOR A TWO YEAR TERM. AN ELECTED DIRECTOR MAY BE REMOVED FROM OFFICE BY VOTE OF THE MEMBERS THAT ELECTED THE DIRECTOR. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 WAS PREPARED BY AN OUTSIDE ACCOUNTING FIRM, THEN REVIEWED BY THE PRESIDENT, TREASURER, AND EXECUTIVE DIRECTOR. THE FULL FORM 990 WAS SENT TO THE BOARD PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | AT EACH BOARD MEETING, TYPICALLY 3 TIMES ANNUALLY, THE POLICY IS READ AND ACKNOWLEDGED AND THE BOARD MEMBERS ARE ASKED IF ANYTHING HAS CHANGED SINCE THE ANNUAL CONFLICT OF INTEREST POLICY WAS SIGNED OR LAST UFDATED. IF A CONFLICT OF INTEREST OCCURS, ETHICS COMMITTEE REVIEWS AND REFERS TO THE BOARD. THE BOARD EXCUSES THE MEMBER FROM VOTING. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION OF THE MANAGEMENT COMPANY REMAINS COMPETITIVE WITHIN THE ASSOCIATION MARKET PLACE THE GOAL IS TO HAVE A STAFF AND BOARD FUNCTIONING AT THE HIGHEST-LEVEL POSSIBLE TO SERVICE THE ASSOCIATION'S MISSION AND STRATEGIC GOALS. A PERIODIC PERFORMANCE EVALUATION OF THE MANAGEMENT COMPANY IS THE RESPONSIBILITY OF THE ASSOCIATION PRESIDENT OR A DESIGNATED SUBGROUP OF THE BOARD AS APFOINTED BY THE PRESIDENT. THE PERFORMANCE EVALUATION TOOLS SHOULD REFLECT THE UNIQUE ASPECTS OF MANAGING A NOT-FOR-PROFIT ORGANIZATION AND THE ADVANCEMENT OF THE ORGANIZATIONS MISSION AND STRATEGIC GOALS A FINAL REFORT IS PROVIDED TO THE BOARD AND EXECUTIVE DIRECTOR. THE LATEST COMPENSATION REVIEW WAS IN APRIL 2019. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
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