Frisbie Memorial Hospital

“The Form 990 is prepared with the assistance of the Organization's independent public accounting firm, and is thoroughly reviewed by the governing body and the Organization's liquidating trustees prior to filing. In its final years of operations, the Organization transferred the vast majority of its assets to the Greater Rochester Community Health Foundation, an affiliate of the New Hampshire Community Foundation. During these final wind-down years, senior accounting and finance personnel of the New Hampshire Community Foundation will also review the Form 990 prior to its filing with the IRS.”

“In accordance with the written conflict of interest policy, the office of the President annually secures a signed copy of the Trustee/Officer Conflict of Interest Statement and maintains them on file.”

“In January 2019, the Organization and HCA Healthcare, Inc. (HCA) signed a non-binding letter of intent (LOI) to affiliate the organizations. The transaction was approved by the New Hampshire Office of the Attorney General's Charitable Trust Unit and finalized effective February 29, 2020. Accordingly, the Organization only filed payroll forms for services rendered through the end of February, 2020, at which point the Organization ceased to maintain any employees and began to perform solely wind-down activities. Prior to this transaction, the executive compensation committee comprised of four members of the Company's Board reviewed the Hospital CEO performance and compensation. The VP of Human Resources presented the compensation committee with comparative salary and benefit data. Senior management compensation was also reviewed by the committee, but their compensation was determined by the CEO.”

“Documents that are required to be open for public inspection are made available upon request within the timeframe required by law.”

“Wind-down consulting and contractors: Program service expenses 0. Management and general expenses 203,061. Fundraising expenses 0. Total expenses 203,061.”

“Reduction in insurance claims 5,370. Reduction in tax settlements 27,137.”