Nordx

“Mainehealth (ein 01-0431680) is the sole member of nordx.”

“Mainehealth shall elect the members of the board of trustees and officers of nordx.”

“Mainehealth as the sole member has the power to approve the following: operating and capital budgets; capital expenditures in excess of 1,000,000; borrowings in excess of 1,000,000; the sale of any assets other than dispositions of less than 50,000; adoption of business, marketing and strategic plan; any merger or consolidation or creation or acquisition of subsidiary organization; the filing of a voluntary petition seeking relief of debtors; the commencement of litigation other than routine collection actions; developing, implementing, or terminating programs or services; entering into agreements for management services; and the annual selection of the president.”

“Upon completion of the draft 990, the return was reviewed in detail by both the treasurer of the board and the director of finance. Subsequent to the detailed review, the 990 was provided to all members of the board of trustees before being signed by the ceo.”

“Annual conflict of interest disclosure statements are required from board members and management. The organization reviews the responses to these documents and addresses any issues immediately.”

“The process followed for determining compensation of the ceo is a formal process performed annually by the executive committee of the board of directors. Mainehealth uses an outside firm, sullivan cotter, to perform an independent benchmark analysis for the ceo of nordx along with other executives in the mainehealth system. The firm meets with the executive compensation committee to review each executive's benchmark report. The committee then deliberates on mainehealth's written salary and incentive plan philosophy and documents before making a final decision. All decisions and meetings are captured in minutes and there are appropriate approvals at all levels.”

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

“Equity transfer to affiliate 4,097,000”