2014-08-13T13:54:08-05:00 2013-09-30 560747981 DIXON HUGHES GOODMAN LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2012-10-01 570342027 CANNON MEMORIAL HOSPITAL CANN 8648784791 123 WG ACKER DRIVE PICKENS SC 29671 NORMAN RENTZ 8648784791 2014-08-05 1 AMY BIBBY P00445891 8282542254 2012 2015-11-30 17:44:51Z NORMAN RENTZ 123 WG ACKER DRIVE PICKENS SC 29671 37694803 0 X WWW.CANNONHOSPITAL.ORG X 1950 SC PROVIDING QUALITY HEALTHCARE IN A SAFE, COMPETENT, AND COMPASSIONATE MANNER 11 10 334 100 0 0 1749417 1265350 37392079 36239282 16017 7080 183254 183091 39340767 37694803 0 0 0 0 12495038 13137482 0 0 24063 26835729 26483858 39330767 39621340 10000 -1926537 18545591 16501617 10764226 10680238 7781365 5821379 THE MISSION OF CANNON MEMORIAL HOSPITAL IS TO PROVIDE QUALITY HEALTHCARE IN A SAFE, COMPETENT, AND COMPASSIONATE MANNER. 0 0 35401327 0 36239282 CANNON MEMORIAL HOSPITAL OFFERS A FULL RANGE OF STATE-OF-THE-ART MEDICAL TECHNOLOGY, EQUIPMENT, AND SERVICES TO MEET THE HEALTH CARE NEEDS OF THE COMMUNITY. THE EXPANDED SERVICES OF THE HOSPITAL INCLUDE A 24-HOUR EMERGENCY DEPARTMENT, A FULL SERVICE LABORATORY, PHYSICAL AND OCCUPATIONAL THERAPY, CRITICAL CARE UNIT, SLEEP CLINIC, WELLNESS PROGRAMS FOR BOTH CHILDREN AND ADULTS, AND DIAGNOSTIC IMAGING FOR BOTH INPATIENT AND OUTPATIENT TEST INCLUDING CT SCANS. FOR FISCAL YEAR 2013, THE HOSPITAL PROVIDED 3,032 PATIENT DAYS OF SERVICE.WE ALSO SPONSOR HEALTH FAIRS, FLU CLINICS, CPR TRAINING, FITNESS CLASSES, SUPPORT GROUPS, AND MANY OTHER COMMUNITY WELLNESS SERVICES THROUGH OUR WELLNESS CENTER LOCATED AT THE HOSPITAL. 35401327 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 30 0 1 334 1 0 0 0 0 0 0 0 0 0 0 X 11 10 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X WILL GRANT 8648784791 123 WG ACKER DRIVE PICKENS SC 29671 DR DONALD L MARLER 1.00 X X 0 0 0 DR JAMES R MAHANES 1.00 X X 75942 0 9508 J FLETCHER PERRY 1.00 X X 0 0 0 KENNETH D ACKER 1.00 X X 0 0 0 GEORGE D ACKER 1.00 X 0 0 0 LINDA S CASSELL 1.00 X 0 0 0 R JANINE PETERSEN 1.00 X 0 0 0 RANDALL P GRIFFIN 1.00 X 0 0 0 TIMOTHY E MORGAN 1.00 X 0 0 0 FRANCES C STOKES 1.00 X 0 0 0 JOHN E SPARKS 1.00 X 0 0 0 NORMAN RENTZ 40.00 X 152404 0 20520 MARY ARNETTE 40.00 X 85031 0 10110 DONNA ANDERSON 40.00 X 93752 0 17591 GREG SCARBROUGH 40.00 X 0 0 0 DR PETER SCHRIVER 40.00 X 231554 0 19074 DR BYRON MARSH 40.00 X 224256 0 6153 DR DANIEL DAHLHAUSEN 40.00 X 173028 0 17776 DR MARION CLINCH 40.00 X 156449 0 12675 DR TRAVIS DAVIS 40.00 X 143019 0 17139 1335435 0 130546 12 0 1 0 ANMED HEALTH 800 NORTH FANT STREET ANDERSON SC 29621 MANAGMENT SERVICES 521308 MATRIX REHABILITATION PO BOX 11407 BIRMINGHAM AL 35246 REHABILITATION SERVICES 329807 MICHAEL DILLARD MD PO BOX 186 PICKENS SC 29671 PHYSICIAN 325448 JAMES CALDWELL MD 220 GLEN LAUREL DRIVE EASLEY SC 29642 PHYSICIAN 292614 MICHAEL DONALD MD 350 NORTH SUMMIT DRIVE SENECA SC 29672 PHYSICIAN 252495 6 135000 1130350 1265350 NET PATIENT SERVICE 621400 36239282 36239282 36239282 7080 7080 26898 0 26898 26898 26898 CAFETERIA & FOODSERVICE 722210 65242 65242 SALES TO EMPLOYEES 446110 55231 55231 MEDICAL TRANSCRIPTION 900099 20589 20589 15131 15131 156193 37694803 36239282 0 190171 379408 379408 9658752 8424941 1217343 16468 53688 45413 8183 92 2316917 1959832 353135 3950 728717 616407 111068 1242 127684 127684 90074 90074 3124901 2251944 872468 489 48866 48866 1956323 1147374 807127 1822 20121 20121 324053 324053 74886 31910 42976 372778 372778 1457227 1457227 256362 138865 117497 BAD DEBT EXPENSE 16577302 16577302 MEDICAL SUPPLIES 2053281 2053281 39621340 35401327 4195950 24063 140753 660160 993029 831769 4492347 3998838 658851 645682 272626 174832 26703106 18486346 9004186 8216760 653436 566487 2330363 1407089 18545591 16501617 2611387 1665412 4800000 880824 5497512 2472015 3517314 10764226 10680238 X 7293292 5420255 488073 401124 7781365 5821379 18545591 16501617 X -1926537 -33449 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 747 747 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: THE ORGANIZATION IS A MEMBER OF THE SOUTH CAROLINA HOSPITAL ASSOCIATION (SCHA). THIS ORGANIZATION ROUTINELY ENGAGES IN LOBBYING EFFORTS ON BEHALF OF ITS MEMBERSHIP BODIES, AND A PORTION OF THE DUES PAID TO THIS ORGANIZATIONS IS ALLOCATED TO THOSE EFFORTS EACH YEAR. FOR 2012, DUES PAID TO THIS ORGANIZATION ALLOCATED TO LOBBYING EFFORTS WERE APPROXIMATELY $747. 758191 758191 11102979 7800252 3302727 384370 231320 153050 14285979 10454774 3831205 171587 171587 8216760 ESTIMATED THIRD PARTY PAYOR SETTLEMENTS 246640 DEFERRED FINANCE COSTS 37034 NON-PATIENT RECEIVABLES 142586 MEANINGFUL USE RECEIVABLE 962729 OTHER ASSET 18100 1407089 ESTIMATED THIRD-PARTY PAYOR SETTLEMENTS 529679 LINE OF CREDIT 2987635 3517314 X 21083086 53500 53500 21029586 16665217 16665217 37694803 23043072 0 23043072 16578268 16578268 39621340 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE HOSPITAL IS A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501 (C)(3) AND, ACCORDINGLY, NO PROVISION FOR INCOME TAX IS RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE HOSPITAL HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF SEPTEMBER 30, 2013. FISCAL YEARS ENDING ON OR AFTER SEPTEMBER 30, 2010 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 53,500. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUE OF EQUITY IN FOUNDATION NET ASSETS 86,949. BAD DEBT EXPENSE 16,577,302. EMPLOYEE SALES EXPENSE 966. PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 16,577,302. EMPLOYEE SALES EXPENSE 966. 1 1 1 X 1 X 1 1 1 0 1 1 748681 748681 0.03250 4356693 2651470 1705223 0.07400 5105374 2651470 2453904 0.10650 113986 57766 56220 0.00240 51543 35676 15867 0.00070 165529 93442 72087 0.00310 5270903 2744912 2525991 0.10960 1 4291863 1716745 3372795 16854083 -13481288 X 1 1 1 1 CANNON MEMORIAL HOSPITAL

123 WG ACKER DRIVE PICKENS SC 29671

X X X CANNON MEMORIAL HOSPITAL 1 1 X X X X X X X X X 12 1 0 1 X X X X X 1 0 1 1 100.000000000000 1 200.000000000000 1 X X X X 1 1 X X 1 0 1 X 0 0 5 CANNON ORTHOPEDIC

123 WG ACKER DRIVE PICKENS SC 29671

ORTHOPEDIC PRACTICE CANNON SURGICAL

123 WG ACKER DRIVE PICKENS SC 29671

GENERAL SURGERY PRACTICE CANNON FAMILY PRACTICE - EASTSIDE

111 WEST ROPER ROAD PICKENS SC 29640

RURAL HEALTH CLINIC CANNON FAMILY PRACTICE - PICKENS

123 WG ACKER DRIVE PICKENS SC 29671

FAMILY PRACTICE CANNON FAMILY PRACTICE - LIBERTY

105 LIBERTY BOULEVARD PICKENS SC 29657

FAMILY PRACTICE PART I, LINE 7, COLUMN (F): THE BAD DEBT EXPENSE INCLUDED ON FORM 990, PART IX, LINE 25, COLUMN (A), BUT SUBTRACTED FOR PURPOSES OF CALCULATING THE PERCENTAGE IN THIS COLUMN IS $ 16577302. PART III, LINE 4: THE ORGANIZATION'S FINANCIAL STATEMENTS DO NOT INCLUDE A FOOTNOTE ON BAD DEBT.WORKSHEET TWO OF THE 2012 SCHEDULE H INSTRUCTIONS WAS USED TO CALCULATE A COST-TO-CHARGES RATIO USED TO COMPUTE BAD DEBT AT COST. PART III, LINE 8: 100% OF THE SHORTFALL SHOULD BE CONSIDERED A COMMUNITY BENEFIT. PART III, LINE 9B: CANNON UTILIZES AN EXTENDED BUSINESS OFFICE SERVICE THROUGH A THIRD PARTY VENDOR TO MANAGE ALL OF ITS ACTIVE SELF-PAY ACCOUNTS. CANNON RECOGNIZES THREE ASSISTANCE/CHARITY PROGRAMS FOR ITS PATIENTS. THOSE PROGRAMS ARE: 1) MEDICALLY INDIGENT ASSISTANCE PROGRAM (MIAP), 2) CANNON MEMORIAL'S UNCOMPENSATED ASSISTANCE PROGRAM AND 3) PATIENTS REFERRED BY THE SAMARITAN HEALTH CLINIC OF PICKENS COUNTY. AT THE TIME OF DETERMINATION OF ELIGIBILITY, BILLING & COLLECTION EFFORTS ARE DISCONTINUED FOR THE ELIGIBLE ACCOUNTS. CANNON PROVIDES HELP TO ALL PATIENTS WHO NEED ASSISTANCE COMPLETING THE FINANCIAL AIDE APPLICATION. CANNON MEMORIAL HOSPITAL PART V, SECTION B, LINE 3: A COMMUNITY BASED APPROACH WAS TAKEN WITH INPUT FROM LOCAL AND REGIONAL PUBLIC HEALTH PROFESSIONALS, COMMUNITY LEADERS, AND COMMUNITY BOARDS. CANNON MEMORIAL HOSPITAL PART V, SECTION B, LINE 14G: THE ORGANIZATION INCLUDES SUMMARY LANGUAGE ON BILLING INVOICES DIRECTING PATIENTS ON WHERE THEY CAN OBTAIN ADDITIONAL INFORMATION RELATING TO FINANCIAL ASSISTANCE. CANNON MEMORIAL HOSPITAL PART V, SECTION B, LINE 20D: IF A PATIENT IS ELIGIBLE FOR FINANCIAL ASSISTANCE, THEIR ACCOUNT IS REDUCED ON A SLIDING SCALE, BASED ON THE FEDERAL POVERTY LEVEL. THE SCALE INCLUDES CHARGES LESS THAN AMOUNTS GENERAL BILLED. PART VI, LINE 2: WE CURRENTLY USE DATA PROVIDED BY THE STATE TO ASSESS OUR COMMUNITY. THAT DATA INCLUDES INFORMATION ABOUT PATIENTS WHO USE OUR HOSPITAL, AS WELL AS PATIENTS FROM OUR SERVICE AREA WHO ACCESS HEALTHCARE AT OTHER HOSPITALS AND WHAT CHARGE CODE THAT CARE IS UNDER. THIS GIVES US AN IDEA OF THE HEALTH PROBLEMS IN OUR SERVICE AREA. PART VI, LINE 3: THE ASSISTANCE/CHARITY PROGRAM POLICIES ARE POSTED ON CANNON'S WEBSITE AND THE PATIENT IS VERBALLY INFORMED DURING THE REGISTRATION PROCESS. PART VI, LINE 4: CANNON MEMORIAL HOSPITAL SERVES GREATER PICKENS COUNTY, WITH THE PRIMARY COMMUNITY SERVED BY THE HOSPITAL CLASSIFIED AS RURAL. POPULATION ESTIMATES AS OF 2009 ARE APPROXIMATELY 118,000. THE PER CAPITA INCOME IS $27,487. A SIGNIFICANT PERCENTAGE OF THE POPULATION LIVES BELOW THE FEDERAL POVERTY LEVEL. PICKENS HAS A 10% UNEMPLOYMENT RATE AND APRROXIMATELY 24,000 RESIDENTS (OR 21%) ARE UNINSURED. PART VI, LINE 5: CMH FURTHERS ITS EXEMPT PURPOSE BY PROMOTING THE HEALTH OF THE COMMUNITY IN SEVERAL WAYS. THE MAJORITY OF OUR BOARD IS COMPRISED OF INDIVIDUALS WHO RESIDE IN PICKENS WHO ARE NEITHER EMPLOYEES NOR CONTRACTORS OF CMH. CMH EXTENDS MEDICIAL STAFF PRIVILEGES TO ALL QUALIFIED PHYSICIANS IN THE AREA FOR ALL OF OUR DEPARTMENTS. ANY SURPLUS IS USED TO FUND IMPROVEMENTS IN PATIENT CARE. A DIGITAL MAMMOGRPAHY MACHINE BECAME AVAILABLE TO THE PUBLIC STARTING IN 2011. THE HOSPITAL ALSO PROMOTES HEALTH WITHIN PICKENS COUNTY BY PROVIDING EMERGENCY ROOM CARE TO ALL INDIVIDUALS, REGARDLESS OF THEIR ABILITY TO PAY. CMH ALSO PARTICIPATES IN TRAINING OF STUDENTS FROM MULTIPLE CAREER CENTERS, TECHNICAL SCHOOLS AND UNIVERISTIES IN THE AREA. IN ADDITION, THE HOSPITAL PROVIDES VOLUNTEER OPPPORTUNITIES THROUGH THE AUXILIARY. X 1 1 X X X X 0 1 0 1 0 1 0 0 0 NORMAN RENTZ 140989 0 0 0 11415 0 6181 0 14339 0 172924 0 0 0 DR PETER SCHRIVER 231554 0 0 0 0 0 4741 0 14333 0 250628 0 0 0 DR BYRON MARSH 224256 0 0 0 0 0 4500 0 1653 0 230409 0 0 0 DR DANIEL DAHLHAUSEN 148776 0 24252 0 0 0 3572 0 14204 0 190804 0 0 0 DR MARION CLINCH 135066 0 21383 0 0 0 3167 0 9508 0 169124 0 0 0 DR TRAVIS DAVIS 132523 0 10496 0 0 0 2971 0 14168 0 160158 0 0 0 PART I, LINE 1A THE FILING ORGANIZATION PROVIDES THESE BENEFITS THE CEO. NO PART OF THE BENEFIT WAS TREATED AS TAXABLE COMPENSATION DURING FY2013. ALL PERSONAL USE AMOUNTS ARE REQUIRED TO BE PAID BACK TO THE ORGANIZATION. PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN (457(F)) AND/OR DEFINED BENEFIT PLAN FOR 2012, AS FOLLOWS. THE AMOUNTS ARE REPRESENTED IN PART II, COLUMN (C): DONNA ANDERSON $1,960 DR. BYRON MARSH 4,500 DR. PETER SCHRIVER 4,741 DR. DANIEL DALHAUSEN 3,572 DR. MARION CLINCH 3,167 DR. TRAVIS DAVIS 2,971 PART I, LINE 5 FULL TIME FAMILY PRACTICE PHYSICIANS ARE INCENTIVIZED THROUGH A BONUS DERVIED FROM A FORMULA THAT INCLUDES REVENUES. PART I, LINE 6 FULL TIME FAMILY PRACTICE PHYSICIANS ARE INCENTIVIZED THROUGH A BONUS DERVIED FROM A FORMULA THAT INCLUDES NET EARNINGS. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE OFFICERS OF THE BOARD AND THE CHAIRMEN OF THE STANDING COMMITTEES. THE PRESIDENT/CHIEF EXECUTIVE OFFICER SHALL BE AN EX-OFFICIO MEMBER. THE EXECUTIVE COMMITTEE SHALL HAVE THE POWER TO TRANSACT ALL REGULAR BUSINESS OF THE HOSPITAL BETWEEN THE MEETINGS OF THE BOARD OF TRUSTEES, PROVIDED THAT ANY ACTION WHICH IT MAY TAKE SHALL NOT CONFLICT WITH THE POLICIES AND EXPRESSED WISHES OF THE BOARD OF TRUSTEES OR THE CHARTER AND THAT IT SHALL REFER ALL MATTERS OF MAJOR IMPORTANCE OF THE BOARD OF TRUSTEES. THIS COMMITTEE SHALL MEET UPON THE CALL OF THE CHAIRPERSON OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 2 ONE MEMBER OF THE CANN BOARD OF DIRECTORS SERVES ON THE BOARD FOR A LOCAL BANK. FORM 990, PART VI, SECTION A, LINE 3 ON OCTOBER 1, 2009, THE ORGANIZATION ENTERED INTO A MANAGEMENT SERVICES AGREEMENT WITH ANMED HEALTH, A SOUTH CAROLINA NON-PROFIT HEALTHCARE ORGANIZATION. ANMED HEALTH HAS BEEN APPOINTED AS THE MANAGER FOR THE HOSPITAL DURING THE TERM OF THE AGREEMENT. IN ADDITION TO GERERAL MANAGMENT RESPONSIBILITIES OUTLINED IN THE AGREEMENT, ANMED HEALTH IS REQUIRED TO HIRE AND EMPLOY ON A FULL-TIME BASIS A PRESIDENT AND CEO, CFO, AND OTHER EXECUTIVES AS ARE DESIGNATED AND AGREED UPON BY CANNON AND ANMED HEALTH. ANMED HEALTH IS GRANTED THE AUTHORITY AND RESPONSIBILITY FOR MANAGEMENT OF THE HOSPITAL, SUBJECT TO GENERAL APPROVAL OF THE BOARD OF DIRECTORS OF CANNON MEMORIAL HOSPITAL. THE BOARD SHALL REVIEW AND ACT PROMPTLY ON REQUESTS FOR APPROVAL SUBMITTED TO THE BOARD BY ANMED HEALTH FOR CERTAIN MATTERS OUTLINED IN THE MANAGEMENT AGREEMENT, INCLUDING LARGE CAPITAL EXPENDITURES, SALE OR OTHER DISPOSAL OF HOSPITAL ASSETS, AND BORROWING OTHER THAN IN THE ORDINARY COURSE OF CONDUCT OF HOSPITAL AFFAIRS. FORM 990, PART VI, SECTION B, LINE 11 THE RETURN WAS PREPARED BY AN INDEPENDENT ACCOUNTANT WITH ASSISTANCE AND OVERSIGHT BY MANAGEMENT. UPON COMPLETION, THE RETURN WAS REVIEWED BY MANAGEMENT AND PROVIDED TO ALL VOTING MEMBERS OF THE BOARD OF DIRECTORS VIA E-MAIL. A PERIOD OF TIME WAS ALLOWED FOR QUESTIONS AND COMMENTS. FORM 990, PART VI, SECTION B, LINE 12C THE ADMINISTRATION REQUIRES ALL MANAGEMENT, KEY OFFICIALS, AND BOARD MEMBERS TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ON AN ANNUAL BASIS. ANY DUALITY OF INTEREST OR POSSIBLE CONFLICT OF INTEREST ON THE PART OF ANY GOVERNING BOARD MEMBER SHALL BE DISCLOSED TO THE OTHER MEMBERS OF THE BOARD AND MADE A MATTER OF RECORD THROUGH AN ANNUAL PROCEDURE AND ALSO WHEN THE INTEREST BECOMES A MATTER OF BOARD ACTION. ANY GOVERNING BOARD MEMBER HAVING A DUALITY OF INTEREST OR POSSIBLE CONFLICT OF INTEREST ON ANY MATTER SHALL NOT VOTE OR USE PERSONAL INFLUENCE ON THE MATTER, EVEN WHERE PERMITTED BY LAW. THE MINUTES OF THE MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE, THE ABSTENTION FROM VOTING, AND THE QUORUM SITUATION. THE FOREGOING REQUIREMENTS SHALL NOT BE CONSTRUED AS PREVENTING THE GOVERNING BOARD MEMBER FROM BRIEFLY STATING A POSITION IN THE MATTER, NOR FROM ANSWERING PERTINENT QUESTIONS OF OTHER BOARD MEMBERS SINCE THE BOARD MEMBER'S KNOWLEDGE MAY BE OF GREAT ASSISTANCE. ANY NEW MEMBER OF THE BOARD WILL BE ADVISED OF THIS POLICY UPON ENTERING INTO THE DUTIES OF BOARD MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 15 A COMMITTEE OF FOUR CANNON BOARD MEMBERS KNOWN AS THE "CEO REVIEW COMMITTEE" MEETS ANNUALLY TO REVIEW THE PROGRESS OF THE CEO AGAINST GOALS DETERMINED THE PREVIOUS YEAR. THE COMMITTEE MAKES A RECOMMENDATION TO THE BOARD FOR A SALARY INCREASE AND/OR BONUS FOR THE CEO BASED UPON THAT PROGRESS. THE RECOMMENDATION IS VOTED ON BY THE FULL BOARD. THE BOARD APPROVES THE GOALS FOR THE CEO FOR THE UPCOMING YEAR IN ACCORDANCE WITH THE ORGANIZATION'S STRATEGIC GOALS. SALARY AND BONUS ARE REVIEWED AND COMPARED PERIODICALLY TO APPLICABLE COMPENSATION SURVEYS. THE CEO REVIEWS THE PROGRESS OF THE OTHER OFFICERS/KEY EMPLOYEES AGAINST THE ESTABLISHED GOALS FOR THE PRIOR YEAR AND DETERMINES THE ANNUAL SALARY INCREASE AND/OR BONUS BASED UPON THAT PROGRESS. SALARIES ARE REVIEWED AND COMPARED PERIODICALLY TO APPLICABLE COMPENSATION SURVEYS. THE CEO DETERMINES THE GOALS FOR THE UPCOMING YEAR IN ACCORDANCE WITH THE ORGANIZATION'S STRATEGIC GOALS. THE BOARD APPROVES THE ORGANIZATIONAL BUDGET WHICH INCLUDES THESE SALARY INCREASES. FORM 990, PART VI, SECTION C, LINE 18 PHOTOCOPIES OF THE FORM 990 ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE. IN ADDITION, RECENT FILINGS OF THE FORM 990 ARE AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 PHOTOCOPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT -86,949. CHANGE IN VALUE OF EQUITY IN FOUNDATION NET ASSETS 53,500. CANNON MEMORIAL HOSPITAL FOUNDATION PO BOX 188 PICKENS SC 29671 570943822 SUPPORT/FUNDRAISING SC 501(C)(3) 7 CANNON MEMORIAL HOSPITAL INC 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 CANNON MEMORIAL HOSPITAL FOUNDATION C 135000