Northern Maine Medical Center

“The form 990 is prepared by the organization's independent public accounting firm and thoroughly reviewed by the cfo and controller. The completed form is sent electronically to board members prior to the form being filed. In addition, ceo has documents for review prior to sending to the board members and has opportunity to request any edits. When the forms are sent to board members, they are instructed to contact ceo or cfo with questions. Any questions are responded to immediately upon request and at the following finance or board meetings, cfo provides ability for anyone to ask any additional questions. Finance committee may request a formal/detailed presentation by consultants if deemed necessary but have not requested that level of review recently.”

“On an annual basis, board members must read the organization's conflict of interest policy, disclose any potential conflicts, and return the signed statement to administration. If topics arise where a member has an actual or potential conflict, the group will determine the level to which the individual may be involved in discussions and the member with the conflict will not have a vote. In some instances, the member will be excused from the meeting and can only rejoin when the board has moved on to a different topic.”

“The board of directors determines the compensation of the ceo using compensation studies and comparability data. The ceo determines the compensation of other officers and key employees in a similar manner.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Nmmc closed its child & adolescent psych unit.”

“Contract labor: program service expenses 4,464,498. Management and general expenses 1,683,627. Fundraising expenses 0. Total expenses 6,148,125. Maintenance contract: program service expenses 858,462. Management and general expenses 323,739. Fundraising expenses 0. Total expenses 1,182,201. Purchased services: program service expenses 2,114,676. Management and general expenses 797,475. Fundraising expenses 0. Total expenses 2,912,151. Other professional services: program service expenses 169,771. Management and general expenses 64,025. Fundraising expenses 0. Total expenses 233,796.”

“Increase in net assets with donor restrictions 146,982.”