Franklin Memorial Hospital

“Maine healthcare (ein 01-0431680) is the sole member of franklin community health network (fchn) (ein: 22-3209406). Fchn is the sole member of franklin memorial hospital (fmh).”

“Maine healthcare and franklin community health network have the responsibility for the election of the members of the governing body.”

“Decisions of the governing body such as budgets, business strategies, significant financial commitments, amendments to the articles of incorporation and election of the president/ceo among other decisions, are subject to approval of the sole member.”

“The form 990 was reviewed by the regional chief financial officer prior to signing the return. The form 990 was then made available to the full board prior to filing.”

“On an annual basis board members and officers are required to submit a conflict of interest statement which is then reviewed by the compliance committee. The compliance committee is responsible for regularly and consistently monitoring and enforcing compliance with the conflict of interest policy.”

“Compensation for ceo the process followed for determining compensation of the ceo compensated by this or other related organization is a formal process performed annually by the executive committee of the board of directors. A related organization uses an outside firm, sullivan cotter, to perform an independent benchmark analysis for the ceo of franklin memorial hospital, along with other executives in the maine healthcare system. The firm meets with the executive committee to review each executive's benchmark report. The committee then deliberates on maine healthcare's written salary and incentive plan philosophy before making a final decision. All decisions and meetings are captured in minutes and there are appropriate approvals at all levels. Compensation for officers the member is responsible for an annual evaluation of the other key administrative employees of the organization. Compensation is evaluated by the compensation committee appointed by the member, and the organization's board of trustees must approve of the compensation. In addition, the organization utilizes the services of an independent compensation consulting firm and industry survey.”

“Documents that are required to be open for public inspection are made available upon request.”

“Mainehealth (ein 01-0238552), acting on behalf of maine healthcare (ein 01-0431680), filed 1,645 form 1099s for the calendar year 2018 on behalf of the following organizations: maine healthcare, mainehealth, southern maine health care, coastal healthcare alliance, pen bay medical center, waldo county general hospital, franklin memorial hospital, lincolnhealth group, memorial hospital, western maine healthcare, maine behavioral healthcare, nordx, mainehealth care at home.”

“Franklin memorial hospital (ein 01-0211503) filed form w-3, reporting 826 employees for the calendar year 2018 on behalf of the following organizations: franklin memorial hospital, evergreen behavioral services, and healthy community coalition.”

“Transfer to MaineHealth (EIN 01-0238552) -18,067,176. Transfers from Affiliates, net -183,000. Change in interest in temporarily restricted net assets -188,020.”

“Effective january 1, 2019, franklin memorial hospital merged with mainehealth (ein 01-0238552) to begin operating as a unified system under the legal name of mainehealth. On january 1, 2019, all of the assets, liabilities, and net assets of franklin memorial hospital were transferred to mainehealth (ein 01-0238552). See schedule n for more details.”