Central Maine Real Estate Management Corp

“The only member of the corporation shall be central maine healthcare corporation. The annual meeting of the voting members shall be held in january each year at such time and place as may be established by the sole member of the corporation. Members of the board of directors shall be appointed by the sole member of the corporation.”

“The only member of the corporation shall be central maine healthcare corporation. The annual meeting of the voting members shall be held in january each year at such time and place as may be established by the sole member of the corporation. Members of the board of directors shall be appointed by the sole member of the corporation.”

“The only member of the corporation shall be central maine healthcare corporation. The annual meeting of the voting members shall be held in january each year at such time and place as may be established by the sole member of the corporation. Members of the board of directors shall be appointed by the sole member of the corporation. Decisions regarding wind-up or termination must be approved by the member.”

“All affiliated form 990's and applicable schedules are prepared by a public accounting firm in cooperation with the finance department. The completed returns are reviewed with the vice president of finance then with the cfo following that review; they are presented to the finance committee of the central maine healthcare board of directors. Once this review is completed, any necessary changes are made and the final return is presented to its respective board.”

“Officers and directors complete an annual conflict of interest statement which is reviewed by the chairman of the board and conforms to the conditions contained within the corporation's bylaws, which meet or exceed the current irs reporting thresholds. In areas of conflict by the chairman, the vice-chairman reviews. Additionally, as part of the annual form 990 preparation process, a separate questionnaire is provided, which includes distribution to key employees, covering reporting areas of loans, grants, business relationships, and other conflicts. These questionnaires are reviewed by the finance department for reportable items for the form 990. In the case of a possible conflict, the board would review the situation and take actions deemed appropriate for the possible or actual conflicts of members of the board or the executive officers. In the case of key employees, the review and actions taken would be performed by their direct supervisor.”

“Compensation paid to key employees and recommendations by the ceo for any changes to their compensation is also reviewed by the executive and physician compensation committee (epcc). The independent executive compensation consultant provides market data on comparable positions from comparative groups or healthcare organizations that are appropriately similar in terms of their revenue, geographic location, number of employees, numbers of staffed hospital beds, etc. The consultant provides at a minimum four sets of comparability data from the most recent national healthcare specific compensation surveys (e.g. Willis towers watson, sullivan and cotter, integrated healthcare strategies, mercer, etc) for reference. These surveys report pay rate data that is typically aged less than 6 months. Central maine healthcare and affiliates strive to pay at the market average or slightly above it for the ceo and key employees once the compensation consultant and the vice president, chief human resource officer have finalized recommendations based on this empirical data, they are presented to the presidents of each hospital that supervise the key employees and the ceo of central maine healthcare for review, edits, and approval. The epcc is asked to review and approve those recommendations. This typically occurs after the close of the fiscal year with any adjustments made retroactive to the beginning of the fiscal year. Central maine healthcare documents the basis for the determination of the ceo and & key employees' compensation and maintains this contemporaneously substantiated material in the human resources department.”

“The organization's governing documents and conflict of interest policy are available upon request in the organization's administrative offices. The financial statements of the organization are included in the most recently filed form 990 and provided, upon request, in that format unless the specific request deems a different format more appropriate.”

“Board member compensation: no board members receive compsensation for their duties as directors.”

“Equity transfer to affiliate 303,683.”

“The organization has not changed its oversight process during the tax year.”