Lrghealthcare

“LRGHealthcare has 850 members who are also considered stakeholders who are eligible to vote.”

“The members, also known as stakeholders, may elect one or more board members of the governing body at the annual meeting.”

“The members, also known as stakeholders, approve bylaws and articles of incorporation changes. The Members shall support the mission of LRGHealthcare, provide information to the Board of Trustees to enable it to better fulfill the vision, serve as ambassadors in the community, and perform such other functions and activities as requested by the Chair. Members may participate in the consideration of any matter that properly comes before a meeting of the Members and shall be eligible to hold any position with LRGHealthcare to which he or she may be elected, appointed or hired. Members shall elect new Members of LRGHealthcare, ratify the election and re-election of Trustees, and vote to dissolve the Corporation.”

“A draft of the Form 990 is prepared with the assistance of an independent public accounting firm. The draft is then initially reviewed in detail by key finance employees and general comments and revisions are incorporated before sending a copy of the draft to LRGH's Finance Committee for review and recommendation. Each member of the board is then provided with a copy of the Form 990 prior to filing with the IRS.”

“A copy of LRGHealthcare's conflict of interest policy is distributed annually to all officers, trustees, medical staff officers and committee members, and the senior team. All are required to report any conflicts and sign, date, and return the policy, whether or not a conflict exists, to confirm compliance. Conflicts are disclosed in accordance with State of New Hampshire RSA 7 19-A in the local newspaper and submitted to the New Hampshire Attorney General.”

“The CEO's compensation and benefits are reviewed, adjusted, and voted upon by the full board annually. The board of trustees uses comparative data provided by a consultant who surveys compensation for healthcare executives in the New Hampshire and broader New England area. Survey data from the New Hampshire Hospital Association (NHHA) and the American Society for Healthcare Human Resources (ASHHRA) is also used to validate that the salary, benefits, and pay range for the CEO is fair, reasonable, and competitive. The CEO is excused from discussions surrounding CEO compensation during any meeting. The CEO uses data provided from human resource consultants, NHHA and ASHHRA surveys to evaluate salaries and approve market adjustments for employees at the Vice President level and below. Physician salary ranges are established annually using the Medical Group Management Association (MGMA) salary survey data. These reviews are also conducted annually.”

“LRGHealthcare files audited financial statements annually with the New Hampshire Attorney General's Charitable Trust Unit. Current copies of the bylaws, conflict of interest policy, and Form 990 are on file with the Charitable Trust Unit. Copies of the Organization's governing documents, conflict of interest policy, and financial statements are also available to the public upon request.”

“The 2016 compensation reported for Dr. Ephrem, Dr. Fusonie, and Dr. Racicot is for their full-time services as physicians on the medical staff and does not reflect remuneration for services as board of trustees members of the Hospital. Seth Warren served as CEO of LRGHealthcare until April 15, 2016. Kevin Donovan took over the role of CEO in June 2016. Mr. Warren is reported as a former officer on Part VII-A of the Form 990 and Schedule J since he left before the fiscal year began on October 1, 2016 but received 2016 calendar year compensation. The compensation reported for him includes all amounts earned between January 1, 2016 and his departure on April 15, 2016. Mr. Donovan is reported as the current CEO during the fiscal year and the compensation reported for him is the total compensation earned between his start date in June 2016 and December 31, 2016. This reporting is in accordance with IRS instructions. Wayne Bennett became Chief Financial Officer of LRGHealthcare in February 2017. IRS instructions stipulate that compensation information be reported for an organization's officers in Form 990, Part VII based on the calendar year ending within the fiscal year covered by this Form 990. As the Hospital's current Form 990 is for the fiscal year ending September 30, 2017 the calendar year compensation reported in Part VII is based on calendar year ending December 31, 2016. As Mr. Bennett's tenure with the Hospital began after 2016, no compensation information is being reported for him in Part VII. The Hospital's 2017 Form 990 will report compensation information for Mr. Bennett.”

“Contracted Providers: Program service expenses 3,462,225. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,462,225. Administrative and Infrastructure Support: Program service expenses 2,372,181. Management and general expenses 6,689,617. Fundraising expenses 0. Total expenses 9,061,798. Consulting Fees: Program service expenses 3,737,407. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,737,407. Recruiting Fees: Program service expenses 441,438. Management and general expenses 0. Fundraising expenses 0. Total expenses 441,438. Transcription Services: Program service expenses 150,427. Management and general expenses 0. Fundraising expenses 0. Total expenses 150,427. Service Contracts: Program service expenses 4,365,138. Management and general expenses 4,100,522. Fundraising expenses 12,248. Total expenses 8,477,908.”

“Adjustment to Pension Liability 6,250,431. Investment in Affiliate 1,111,345.”

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