Mount Desert Island Hospital

“The form 990 is prepared by an outside independent accounting firm with input and assistance from finance department staff. The trustees are provided with an electronic copy of the full form 990 and all supporting schedules. Once the finance committee has completed its review, all board of trustees members are provided with a copy of the form 990. Trustees are given the opportunity to comment and review the form 990 before it is filed with the irs. The president & ceo and the vp of finance & cfo are available to answer any inquiries from members of the board of trustees.”

“Mount desert island hospital monitors and enforces compliance with the conflict of interest policy by requiring all trustees, officers, and committee members to annually sign a statement affirming that each person has received, read, and understands the conflict of interest policy and that no such conflict exists. Additionally, interested persons have a duty to disclose any actual or possible conflicts of interest at the time they arise. After disclosing a potential conflict of interest and answering any questions that might be asked concerning such interest, the affected person shall withdraw from any meetings, deliberations, votes, or other matters concerning the conflict. To ensure that the hospital does not engage in activities that could jeopardize its tax exempt status, the board of trustees or a committee appointed by the board of trustees periodically reviews compensation and similar arrangements to ensure they are reasonable and are the result of arms-length bargaining. In conducting these reviews the board of trustees may use outside advisors.”

“The process used by mount desert island hospital for determining the president & ceo's compensation includes a review and approval by the governing body of the organization, specifically the compensation committee of the board of trustees. The governing body and this committee use market data from an independent source to compare compensation models of similarly sized organizations within like demographic and geographic areas to align compensation packages. The compensation of other officers and key employees is reviewed by the human resources department using the same market data guidelines to compare and establish compensation for these positions.”

“The annual report and form 990 are available to the public on the hospital's website. Governing documents, the conflict of interest policy, and the financial statements are available upon request.”

“Dr. Peter witham and dr. Julian kuffler are employees affiliated with mount desert island hospital. Compensation paid to them is for their services in these roles, and not for their services as members of the board of trustees. Dr. Julian kuffler's compensation as reported is for services performed during calendar year 2024 as a physician for the hospital. In may of 2024 dr. Kuffler retired as a physician/employee of the hospital and remained a voting trustee of the organization. He was not compensated for the fiscal year ended 04/30/2025.”

“Contract labor: program service expenses 3,229,831. Management and general expenses 948,166. Fundraising expenses 0. Total expenses 4,177,997. Purchased services: program service expenses 6,215,598. Management and general expenses 1,628,949. Fundraising expenses 0. Total expenses 7,844,547. Consulting fees: program service expenses 67,200. Management and general expenses 19,727. Fundraising expenses 0. Total expenses 86,927. Payroll processing fees: program service expenses 105,687. Management and general expenses 31,026. Fundraising expenses 0. Total expenses 136,713.”

“Pledge discount adjustment 69,651. Released contributions to net assets -4,098,943.”

“The audit process has not changed from the prior year.”