Form 990, Part III, Line 2 |
During the fiscal year ending September 30, 2021, COPA Health, Inc. entered into a partnership agreement to operate a pharmacy within the proximity of the Partners in Recoverys clinic facility, to enhance benefits for the patients served at the clinic. |
Form 990, Part VI, Section A, Line 2 |
Board member Wilford A. Cardon and Board member Craig A. Cardon are related, as defined by the IRS definition of a relative. |
Form 990, Part VI, Section B, Line 11 b |
Copies of the 990 and all related schedules are sent to the Board of Directors for review after being reviewed and approved by the audit committee. Any questions the Board might have are directed back to the Chief Financial Officer. The 990 is then discussed at a full board meeting and approved by the Board of Directors. |
Form 990, Part VI, Section B, Line 12 c |
Enforcing agency policy on conflicts of interest is the responsibility of the audit committee. This committee dedicates one meeting per year to 1 Ensure all conflict of interest statements have been received, 2 Ensure conflicts are fully understood and implications discussed and disposition agreed upon, 3 Ensure that board members with conflicts, if any, follow policy with respect to voting on matters that they may have a conflict with, and 4 Recommend enhancements to existing forms, policies, and training related to conflicts of interest. |
Form 990, Part VI, Section B, Line 15 a b |
Each year, the Board approves the performance goals for the CEO based primarily on the Board approved strategic plan. At the end of the year, the board chair completes a performance evaluation. In addition to the performance evaluation, the board is provided data from the most recent GuideStar Compensation Study and/or credible surveys/studies. The board is provided a five year historical wage analysis that breaks down all of the components of comprehensive compensation. Periodically, the agency contracts with an independent organization to conduct a formal compensation study to provide the board with benchmark data and provide independent assurances that compensation is reasonable based on IRS guidelines. Finally, the board is provided the breakdown of comprehensive compensation to all officers and key employees that report directly to the CEO. The board convenes to approve compensation that is appropriately comparable per IRS guidelines and consistent with the performance evaluations. All components of comprehensive compensation for the CEO, including bonuses to the CEO or officers are approved by the board prior to payments being disbursed. |
Form 990, Part VI, Section C, Line 18 19 |
The Organization will provide in a timely manner, copies of all policies, procedures, annual financial audits, and Forms 990 when requested in writing or in person. |
Form 990, Part XI, Line 8 |
Prior period adjustment Subsequent to the filing of the 2019 tax return, the audited financial statements of a subsidiary organization were amended to reflect an adjustment to deferred revenue for 119,972 the deferred revenue adjustment flowed through to the filing Organization as a change in prior equity method income. |
Form 990, Part XI, Line 9 |
Other adjustment 6,519,548 Equity method income from subsidiaries excluded for the tax return 6,559,547, and Accrual method for bad debt expense of 40,000 not included on the tax return, and a 1 rounding adjustment. |
Form 990, Part XII, Line 2 c |
The board of directors has an Enterprise Risk, Audit, and Finance Committee that is tasked to oversee the consolidated financial statement audit and select the independent auditor. |