2026-04-16T09:17:15-05:00 2025-06-30 393647910 WIPFLI ADVISORY LLC 105 E PINE ST UPPER FLOOR MISSOULA MT 59802 990 2024-07-01 810245848 ROUNDUP MEMORIAL HOSPITAL ASSOCIATION ROUN 4063232301 PO BOX 40 ROUNDUP MT 59072 TRACY ANDERSON CEO 4063232301 2026-03-31 1 1 SAM BRUNSON CPA P01696998 4067281800 2026-03-31 2024 2025-03-06 01:10:19Z TRACY ANDERSON PO BOX 40 ROUNDUP MT 59072 17561135 0 X WWW.RMHMT.ORG X 1979 MT PROVIDING HEALTHCARE THAT IS CAREFUL, COMPETENT AND KIND. 7 7 129 28 0 0 411441 202302 14689367 15859796 324673 368570 680000 1124449 16105481 17555117 0 0 0 0 5893301 6069957 0 0 49655 8821399 8574451 14714700 14644408 1390781 2910709 17060868 19755863 1089353 873639 15971515 18882224 X WE AIM TO DELIVER SAFE, PATIENT-CENTERED CARE WITH THE KINDNESS WE WOULD WANT FOR OURSELVES AND OUR FAMILY. WE STRIVE TO OFFER QUALITY CARE AND PROGRAMS THAT MEET OUR COMMUNITY'S NEEDS, EXCEED PATIENT EXPECTATIONS, AND ARE OFFERED IN A CARING, CONVENIENT, COST-EFFECTIVE, AND ACCESSIBLE SPACE. 0 0 12949660 0 16941638 CRITICAL ACCESS HOSPITAL - ROUTINE SERVICE FOR ADULTS, PEDIATRICS, AND SWING BED. RURAL HEALTH CLINIC WITH FOUR PROVIDERS. OTHER SERVICES INCLUDE BUT ARE NOT LIMITED TO ANCILLARIES; CT SCANS; LABORATORY; PHYSICAL, THERAPIES AND REHABILITATION; PHARMACY; EMERGENCY ROOM; X-RAY; DEXASCAN; CHRONIC CARE AND DIABETES MANAGEMENT; CENTRAL SUPPLY; INTRAVENOUS SOLUTIONS; ULTRASOUND; ELECTROCARDIOGRAPHY; OBSERVATION; BLOOD BANK; AND PATHOLOGY. RMH IMPLEMENTED STOP THE BLEED PROGRAM AND PROVIDED EDUCATION AND FREE RESOURCES TO THE COMMUNITY OF ROUNDUP AND SURROUNDING TOWNS IN OUR SERVICE REGION. THE TWO INSTRUCTORS WERE A PROVIDER AND OUR TRAUMA COORDINATOR, BOTH FORMALLY CERTIFIED TO TEACH STOP THE BLEED. THEY TAUGHT THESE LIFE-SAVING SKILLS TO DIFFERENT AUDIENCES INCLUDING SCHOOL-AGED TEENS, THE RETIRED COMMUNITY, THOSE IN AGRICULTURE, AND MANY IN VOLUNTEER ROLES WITHIN THE COMMUNITY.DUE TO THE CONTINUED SAFETY CONCERNS OF THE PANDEMIC AND REGULATIONS FOR HEALTHCARE WORKERS, RMH HAS NOT PUT ON THE HEALTH FAIR THIS PAST YEAR. WE ARE HOPING TO REINSTITUTE THIS COMMUNITY BENEFIT SOON. 12949660 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 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 0 0 0 0 1 47 0 129 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 1 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X ROUNDUP MEMORIAL HOSPITAL ASSOCIATION 4063232301 1202 THIRD STREET WEST ROUNDUP MT 59072 X JOHN PFISTER CHAIR 2.50 X X 0 0 0 MARK ROSEBUSH DMD VICE CHAIR 1.00 X X 0 0 0 KEN MOSDAL SECRETARY/TREASURER 1.00 X X 0 0 0 BRYAN ADOLPH DIRECTOR 1.00 X 0 0 0 JEN EVANS DIRECTOR 1.00 X 0 0 0 TIM SCHAFF DIRECTOR 1.00 X 0 0 0 MARSHALL WHITE MD DIRECTOR (TERMED 6.5.25) 1.00 X 0 0 0 TODD JOHNSON DIRECTOR 1.00 X 0 0 0 RICK SCHROEDER OUTGOING CEO 40.00 X 0 0 0 TRACY ANDERSON INCOMING CEO 40.00 X 0 0 0 LAURIE HUTCHISON PA 40.00 X 171394 0 5966 BRYNN BIXBY PA 40.00 X 157822 0 6322 VALERI RUSSELL PA 40.00 X 157291 0 14463 VELMA BULCHER DON 40.00 X 127383 0 239 REFIEL CARLOS LAB TECHNITIAN 40.00 X 107623 0 7428 721513 0 34418 7 0 1 0 MEDICAL SOLUTIONS PO BOX 850737 MINNEAPOLIS MN 554850737 CONTRACT HEALTHCARE PROFESSIONALS 1363486 BILLINGS CLINIC PO BOX 30357 BILLINGS MT 59107 MANAGEMENT, ACCOUNTING, IT AND PROVIDER 1144111 FOREFRONT HEALTHCARE PO BOX 33661 DETROIT MI 48232 CONTRACT DIETARY STAFF AND SERVICES 597613 WILDERNESS MEDICAL STAFFING PO BOX 30729 SPOKANE WA 99223 CONTRACT PROVIDERS 462595 AVEL ECARE 4500 N LEWIS AVENUE SIOUX FALLS SD 57104 EMERGENCY CONSULTING SERVICES 112593 5 11500 190802 202302 PATIENT SERVICE REVENUE 621110 15363947 15363947 340B REVENUE 900099 382687 382687 OTHER OPERATING REVENUE 900099 113162 113162 15859796 366588 366588 42607 0 42607 42607 42607 8000 6018 1982 1982 1982 TAX REVENUE 900099 1081842 1081842 1081842 17555117 16941638 0 411177 X 5131383 4885659 207239 38485 75980 66292 9118 570 435306 379804 52237 3265 427288 372808 51275 3205 162135 31583 130552 20283 3951 16332 106954 20834 86120 4445233 3816329 628904 8290 3534 626 4130 149438 106165 43273 421690 326697 94993 238733 161350 77383 62237 32543 29694 33053 6660 26393 5140 5140 828921 825644 3277 115376 15777 99599 MEDICAL SUPPLIES 930564 930564 BAD DEBT EXPENSE 344783 344783 REPAIRS & MAINTENANCE 303055 303055 OTHER OPERATING EXPENSE 152812 88765 64047 245754 226863 18891 14644408 12949660 1645093 49655 28995 50534 8862689 10976064 1958458 2921406 272763 253675 177884 221393 17306277 12342955 5505228 4963322 8784 121283 246067 248186 17060868 19755863 720742 674884 238701 198755 129910 0 1089353 873639 X 15722885 18756046 248630 126178 15971515 18882224 17060868 19755863 2910709 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8623406 5609601 3013805 8682871 6733354 1949517 4963322 17205194 0 17205194 349923 349923 17555117 14294485 0 14294485 349923 349923 14644408 PART XI, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 344,783. INTEREST EXPENSE 5,140. PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 344,783. INTEREST EXPENSE 5,140. 1 1 1 X 1 X 1 1 1 0 0 557886 557886 0.03810 2686820 3479331 0 0.00000 3244706 3479331 557886 0.03810 21838 21838 0.00150 76207 76207 0.00520 500 500 0.00000 98545 98545 0.00670 3343251 3479331 656431 0.04480 0 344783 17239 4634271 4659814 -25543 X 1 1 1 1 ROUNDUP MEMORIAL HOSPITAL ASSOCIATION 1202 3RD STREET WEST ROUNDUP MT 59072 WWW.RMHMT.ORG 13511 X X X RURAL HEALTH CLINIC ROUNDUP MEMORIAL HOSPITAL ASSOC 1 0 0 1 X X X X X X X X X 23 1 0 1 1 X WWW.RMHMT.ORG/ABOUT-US/COMMUNITY-HEALTH-NEEDS-ASSESSMENT/ X 1 24 1 WWW.RMHMT.ORG/ABOUT-US/COMMUNITY-HEALTH-NEEDS-ASSESSMENT/ 0 1 X 200.000000000000 400.000000000000 1 1 X X X X 1 X WWW.RMHMT.ORG/PATIENT-RESOURCES/FINANCIAL-ASSISTANCE/ X WWW.RMHMT.ORG/PATIENT-RESOURCES/FINANCIAL-ASSISTANCE/ X WWW.RMHMT.ORG/PATIENT-RESOURCES/FINANCIAL-ASSISTANCE/ X X X X 1 X 0 X X X X 1 X 0 0 ROUNDUP MEMORIAL HOSPITAL ASSOC PART V, SECTION B, LINE 5: THE STEERING COMMITTEE CREATED TO ASSIST ROUNDUP MEMORIAL HEALTHCARE IN CONDUCTING CHSD WAS SELECTED TO REPRESENT A BROAD GROUP ACROSS THE COMMUNITY, BUT DIFFERENTIATE FROM THE PAST CHNA. A DIVERSE GROUP OF COMMUNITY MEMBERS REPRESENTING VARIOUS ORGANIZATIONS AND POPULATIONS WITHIN THE COMMUNITY (EX. PUBLIC HEALTH, ELDERLY, UNINSURED) CAME TOGETHER IN MARCH 2024. THE STEERING COMMITTEE MET TWICE DURING THE CHSD PROCESS; FIRST TO DISCUSS HEALTH CONCERNS IN THE COMMUNITY AND OFFER THEIR PERSPECTIVE IN DESIGNING THE SURVEY INSTRUMENT, CONSIDERING APPROPRIATE CANDIDATES FOR TARGETED KEY INTERVIEWS (DUE TO INABILITY TO CONDUCT FOCUS GROUPS) AND MEETING AGAIN TO REVIEW RESULTS OF THE SURVEY AND TO ASSIST IN THE PRIORITIZATION OF HEALTH NEEDS WHEN CREATING THE IMPLEMENTATION PLAN. ROUNDUP MEMORIAL HOSPITAL ASSOC PART V, SECTION B, LINE 6B: THE MONTANA OFFICE OF RURAL HEALTHTHE NATIONAL RURAL HEALTH RESOURCE CENTER ROUNDUP MEMORIAL HOSPITAL ASSOC PART V, SECTION B, LINE 11: THE FOLLOWING SUMMARY BRIEFLY REPRESENTS THE GOALS AND CORRESPONDING STRATEGIES AND ACTIVITIES WHICH THE FACILITY WILL EXECUTE TO ADDRESS THE PRIORITIZED HEALTH NEEDS.GOAL 1: IMPROVE ACCESS TO MENTAL AND BEHAVIORAL HEALTH RESOURCES IN MUSSELSHELL COUNTY.STRATEGY 1.1: ENHANCE COLLABORATION WITH LOCAL LCSW TO INCREASE AWARENESS OF AND AMOUNT OF SERVICES PROVIDED. - SUPPORT LCSW TO VISIT LOCAL MEETINGS (E.G. COMMUNITY CENTER, LEPC) TO INCREASE PRESENCE AND VISIBILITY IN THE COMMUNITY.- WORK TO DETERMINE LCSW'S ROLE IN ORGANIZING, FACILITATING, AND MAINTAINING LOCAL SUPPORT GROUPS.- DETERMINE FEASIBILITY OF STARTING GRANDPARENTS RAISING GRANDCHILDREN SUPPORT GROUP.- EXPLORE FEASIBILITY OF COOPERATING WITH LOCAL CHURCHES TO ENABLE AND SUSTAIN SUPPORT GROUPS FOR THE COMMUNITY (E.G. GRIEF SUPPORT). STRATEGY 1.2: CONTINUE TO SUPPORT OTHER MENTAL AND BEHAVIORAL HEALTH RESOURCES IN THE COMMUNITY.- CONTINUE TO COORDINATE WITH AND SUPPORT LOCAL SCHOOL COUNSELORS AND LCSWS.- CONTINUE TO EXPLORE WAYS TO BOLSTER IN-PATIENT MENTAL HEALTH RESOURCES. GOAL 2: ENHANCE COMMUNITY AWARENESS OF HEALTH RESOURCES AND SERVICES OFFERED THROUGH RMH.STRATEGY 2.1: ENHANCE MARKETING AND PUBLICITY EFFORTS TO INCREASE VISIBILITY OF RMH IN THE COMMUNITY.- INQUIRE ABOUT PUTTING HOSPITAL ADVERTISING MATERIALS IN NEW KIOSK DOWNTOWN. - EXPLORE RE-STARTING RMH PRESENCE ON LOCAL RADIO STATION.- CONTINUE TO ENGAGE WITH LEPC MEETINGS AND UTILIZE THIS FORUM TO ADVERTISE RMH SERVICES AND RESOURCES.- CONTINUE TO ATTEND COMMUNITY EVENTS (E.G. MARKET ON MAIN, COMMUNITY JOB FAIR) TO INCREASE HOSPITAL PRESENCE IN THE COMMUNITY. STRATEGY 2.2: REINVIGORATE PARTNERSHIPS AND RELATIONSHIPS WITH VARIOUS COMMUNITY ENTITIES.- CONTINUE COMMUNITY EDUCATION EFFORTS.- DEFINE THE ROLE OF THE HOSPITAL FOUNDATION AND ITS RELATIONSHIP WITH RMH.- CONTINUE TO SUPPORT AND COLLABORATE WITH THE HOSPITAL FOUNDATION.- EXPLORE METHODS OF INCREASING AWARENESS OF CHW PRESENCE AND SERVICES THROUGH THE CLINIC.- ENHANCE CLINICAL STAFF AWARENESS OF PATIENT ASSISTANCE PROGRAM THROUGH INCREASED COMMUNICATION.- MONITOR NEWLY-INTRODUCED RMH PASSENGER VAN TO EVALUATE SUCCESSES AND ROOM FOR IMPROVEMENT. GOAL 3: BOLSTER ACCESS TO SPECIALTY CARE SERVICES AVAILABLE THROUGH RMH.STRATEGY 3.1: EXPLORE INTRODUCTION OF NEW SPECIALTY SERVICES OFFERED THROUGH RMH.- EXPLORE RE-INTRODUCING AUDIOLOGY AND PODIATRY VISITING SPECIALISTS.- EXPLORE FEASIBILITY OF BRINGING VISITING DERMATOLOGY SPECIALTY SERVICES TO RMH.- DETERMINE IF PATIENT LOAD IS SUFFICIENT TO WARRANT AN ORTHO PA AT RMH. PART I, LINE 7: THE COST-TO-CHARGE RATIO WAS USED TO CALCULATE THE FIGURES IN THE TABLE. THE COST-TO-CHARGE RATIO WAS DERIVED FROM WORKSHEET 2, RATIO OF PATIENT CARE COST-TO-CHARGES. PART I, LN 7 COL(F): THE BAD DEBT EXPENSE REPORTED ON FORM 990, PART IX, LINE 25 HAS BEEN SUBTRACTED FROM TOTAL OPERATING EXPENSES IN THE CALCULATION OF THE COST-TO-CHARGE RATIO FROM WORKSHEET 2. PART III, LINE 2: NET BAD DEBT EXPENSE RECORDED IN THE GENERAL LEDGER (EXPENSE LESS RECOVERIES). PART III, LINE 3: WE IMPLEMENTED PRESUMPTIVE BAD DEBT PROCEDURES SO WE STIMATE ONLY ABOUT 5% OF THE BAD DEBT WRITE OFFS MIGHT BE ELIGIBLE FOR THE FINANCIAL ASSISTANCE POLICY BUT MISSED BY OUR PROCESSES. PART III, LINE 4: THE FOOTNOTE DESCRIBING BAD DEBT IS ON PAGE 14 OF THE ATTACHED FINANCIAL STATEMENTS. PART III, LINE 8: THE ENTIRE SHORTFALL SHOULD BE TREATED AS COMMUNITY BENEFIT. MEDICARE RATES DO NOT ALWAYS ALIGN WITH THE ACTUAL COSTS OF TREATMENT. BY CONTINUING TO TREAT PATIENTS ELIGIBLE UNDER MEDICARE, THE HOSPITAL OPERATES TO PROMOTE THE HEALTH OF THE COMMUNITY. THE ORGANIZATION USED AMOUNTS FROM THEIR MEDICARE COST REPORT TO DETERMINE LINE 6. PART III, LINE 9B: POLICY STATES UP FRONT THAT ADMISSIONS REPRESENTATIVE IS TO GIVE FINANCIAL ASSISTANCE PAPERWORK WITH INFORMAION ON CHARITY CARE AT THE TIME OF ADMISSION. FOLLOW UP CONSULTATION IS DONE LATER TO INCLUDE FINANCIAL ASSISTANCE DISCUSSIONS WITH PATIENT. PART VI, LINE 2: IN 2024, THE HOSPITAL CONDUCTED A NEEDS ASSESSMENT. THE STEERING COMMITTEE INCLUDED REPRESENTATIVES FROM THE LOCAL BUSINESSES, EMS, PUBLIC HEALTH, THE SCHOOL SYSTEM, AGENCY ON AGING, AND LOCAL GOVERNMENT IN ADDITION TO THE HOSPITAL CLINICAL AND ADMINISTRATIVE STAFF. KEY INTERVIEWS AND INFORMANT MEETINGS WERE HELD TO GATHER INFORMATION ON HEALTHCARE NEEDS AND GAPS IN SERVICES. PART VI, LINE 3: WHEN A PATIENT INDICATES THAT A FINANCIAL HARDSHIP EXISTS, THE HOSPITAL PROVIDES INFORMATION ON THE HOSPITAL CHARITY PLAN AND OTHER STATE AND FEDERAL ASSISTANCE PROGRAMS. PART VI, LINE 4: ROUNDUP MEMORIAL HEALTHCARE (RMH) IS THE SOLE COMMUNITY HEALTHCARE PROVIDER FOR MUSSELSHELL COUNTY, A RURAL AREA WITH A POPULATION DENSITY OF 2.4 PER SQUARE MILE. NO OTHER HOSPITALS SERVE THE COMMUNITY, AND THE NEAREST HEALTHCARE FACILITY IS LOCATED IN BILLINGS, 45 MILES TO THE SOUTH. PER THE 2020 FEDERAL CENSUS, THE COUNTY POPULATION WAS 4,730; THE PER CAPITA INCOME IN THE COUNTY IS $24,979 AND THE PERCENTAGE OF PERSONS BELOW THE POVERTY LINE WAS 15.4 PERCENT. IN 2010, 13.4 PERCENT OF MUSSELSHELL COUNTY WAS UNINSURED. THE HEALTH RESOURCES AND SERVICES ADMINISTRATION HAS DESIGNATED MUSSELSHELL COUNTY AS AN UNDERSERVED AREA WITH A SCORE OF 16. PART VI, LINE 5: THE CEO HAS ATTENDED THE ROUNDUP COMMUNITY PARTNERS COMMITTEE TO WORK ON COMMUNITY EFFORTS IN PROMOTING HOSPITAL-LED PARTICIPATION. THE HOSPITAL MAINTAINS A WORKING RELATIONSHIP WITH THIS GROUP. THE HOSPITAL COMMITTEE, PATIENTS AND FAMILY ADVISORY COMMITTEE (PFAC) HAS RECRUITED A COMMUNITY MEMBER TO ACT AS AN ADVISORY ROLE IN PROVIDING INPUT AND INSIGHT FROM THE COMMUNITY PERSPECTIVE. 0 0 0 0 0 0 0 0 0 LAURIE HUTCHISON PA 171394 0 0 0 0 0 5787 0 179 0 177360 0 0 0 VALERI RUSSELL PA 157291 0 0 0 0 0 6355 0 8108 0 171754 0 0 0 BRYNN BIXBY PA 157822 0 0 0 0 0 6075 0 247 0 164144 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 BRYAN ADOLPH AND VAL RUSSELL HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS CONTRACTED WITH BILLINGS CLINIC TO PROVIDE MANAGEMENT SERVICES. THE ORGANIZATION'S CEO DURING FY25, TRACY ANDERSON FOR PART OF THE YEAR AND RICK SCHROEDER FOR PART OF THE YEAR, WAS AN EMPLOYEE OF BILLINGS CLINIC AND COMPENSATION FOR SERVICES PROVIDED TO THE HOSPITAL INCLUDE THE FOLLOWING: TRACY ANDERSON: BASE SALARY - $137,421 EMPLOYER CONTRIBUTION TO MEDICAL AND DENTAL - $6,634 EMPLOYER CONTRIBUTION TO LIFE INSURANCE AND LONG-TERM DISABILITY - $293 RICK SCHROEDER: BASE SALARY - $42,300 EMPLOYER CONTRIBUTION TO 403B PLAN - $5,499 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE HAVE ANY COMMITTEES AUTHORIZED TO ACT ON BEHALF OF GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CEO, CFO, AND CONTROLLER AND IS DISTRIBUTED TO THE BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY APPLIES TO EMPLOYEES, VOLUNTEERS, MEDICAL STAFF, AND CONTRACTED WORKERS. ALL INTERESTED PERSONS SHOULD REPORT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST AS SOON AS THEY BECOME AWARE OF IT. DISCLOSURE OF CONFLICTS OF INTEREST INVOLVING EMPLOYEES WILL BE REVIEWED BY SENIOR LEADERSHIP. DISCLOSURES INVOLVING SENIOR LEADERSHIP WILL BE REVIEWED BY THE BOARD OF DIRECTORS. IF THE MATTER IS DEEMED A CONFLICT OF INTEREST, THE INTERESTED PERSON SHALL DISCONTINUE THE RELATIONSHIP/ACTIVITY OR MANAGEMENT SHALL ESTABLISH A PLAN TO MONITOR THE ACTIVITY. FORM 990, PART VI, SECTION B, LINE 15 THE CEO IS COMPENSATED ACCORDING TO ARRANGEMENTS WITH THE MANAGEMENT AGREEMENT WITH BILLINGS CLINIC, WHO RECOMMENDS THE CEO SALARY TO THE BOARD FOR APPROVAL. THE HOSPITAL UTILIZES THE MONTANA HOSPITAL ASSOCIATION AND ASSOCIATED EMPLOYEES SALARY SURVEY TO DETERMINE SALARIES OF KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST TO THE CEO. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 3,578,350. MANAGEMENT AND GENERAL EXPENSES 519,302. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,097,652. PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 227,465. MANAGEMENT AND GENERAL EXPENSES 66,139. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 293,604. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 10,514. MANAGEMENT AND GENERAL EXPENSES 43,463. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 53,977. FORM 990, PART XII, LINE 2C: THERE IS NO SEPARATE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT. THE BOARD OF DIRECTORS ASSUMES THIS OVERSIGHT RESPONSIBILITY. THE BOARD HIRES THE AUDIT FIRM AND MEETS WITH THE AUDIT TEAM AT THE CONCLUSION OF THE AUDIT. THE BOARD IS ALSO AVAILABLE FOR ANY QUESTIONS THAT ARISE THROUGHOUT THE AUDIT.