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 6 AND 7A | MEMBERS OR STOCKHOLDERS: FACILITY MEMBERS PAY A SET RATE PER THE NUMBER OF SKILLED NURSING OR ASSISTED LIVING BEDS. FACILITY MEMBERS ELECT THE GOVERNING BODY. EACH FACILITY IS GIVEN ONE VOTE PER SKILLED NURSING BED AND 1/2 VOTE PER ASSISTED LIVING BED. ALL MEMBERS ARE ELIGIBLE TO VOTE AT THE ANNUAL MEETING TO ELECT THE NEW BOARD MEMBERS. ASSOCIATE MEMBERS - PAY A SET RATE OF $500 PER YEAR. ASSOCIATE MEMBERS DO NOT HAVE VOTING POWER. |
| FORM 990, PART VI, SECTION B, LINE 11B | PROCESS TO REVIEW THE FORM 990: Prior to filing the Form 990, The Finance Committee performs an initial review of the full form 990, including all applicable schedules, in conjunction with IHCA's tax advisors. Once the draft is approved and all respective changes are made, the final 990 is distributed to the Board of Directors. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST POLICY: THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT WAS SIGNED BY THE BOARD OF DIRECTORS. THE BOARD MONITORS ANY CONFLICTS THAT MAY ARISE THROUGHOUT THE YEAR. |
| FORM 990, PART VI, SECTION B, LINE 15A AND 15B | REVIEW OF OFFICER COMPENSATION: EVERY YEAR THE BOARD OF DIRECTORS APPROVE ANY PAYROLL INCREASES. THESE INCREASES ARE DISCUSSED WITH THE BOARD CHAIR AND INCLUDE COMPARISONS TO HISTORICAL DATA; AS WELL AS COMPARATIVE DATA OF SIMILAR ORGANIZATIONS VIA A COMPENSATION STUDY. AMERICAN HEALTH CARE ASSOCIATION 2022 - "AFFILIATED STATE HEALTH CARE ASSOCIATION EXECUTIVES 2022 COMPENSATION AND ORGANIZATION SURVERY." ALL POSITIONS ARE HANDLED IN THIS FORMAT; HOWEVER, THE PRESIDENT'S SALARY IS DISCUSSED INDIVIDUALLY WHILE THE REST OF THE POSITIONS ARE DISCUSSED IN AGGREGATE. THE PRESIDENT'S BASE SALARY IS BASED ON A COMPENSATION STUDY AND IS LOOSELY BASED OFF OF PRIOR PRESIDENT'S SALARIES. ANY AND ALL INCREASES COME WHEN THE PRESIDENT MEETS SET GOALS AND IMPROVES INDIANA HEALTH CARE ASSOCIATION'S PERFORMANCE. THESE SALARY INCREASES ARE SUGGESTED AND APPROVED BY THE BOARD. WHEN A NEW EMPLOYEE IS HIRED, IF HE OR SHE IS FILLING IN FOR A DEPARTED EMPLOYEE, SALARY IS BASED LOOSELY ON THE DEPARTING SALARY AS WELL AS THE EXPERIENCE LEVEL OF THE INCOMING EMPLOYEE. ANY AND ALL RAISES ARE FIRST SUGGESTED AND APPROVED BY THE PRESIDENT, THEN THE BOARD REVIEWS AND HAS THE FINAL SAY AND APPROVAL ON THESE SALARY INCREASES. |
| FORM 990, PART VI, SECTION C, LINE 19 | DOCUMENTS AVAILABLE TO THE PUBLIC: THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. |
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