Huggins Hospital

“A designated officer or management official meets with the preparer to discuss a draft of the Form 990 in detail. Once any necessary revisions are made, this draft is then submitted to the Finance & Budget Committee for further review. Afterwards, a copy of the public inspection copy of Form 990 is made available to the full board for their general review and comment prior to filing the return. A designated officer then signs the return after considering board comments.”

“A copy of the conflict of interest policy is given to every officer, board member, and key employee on an annual basis, along with an annual disclosure statement. Each person is asked to complete, date and sign the disclosure statement, listing any known financial interest that the individual, or a member of the individual's family, has in any business entity that transacts business with the Organization. The Chairman of the board then reviews and maintains the disclosure statements for future reference. If a conflict arises, the board member will recuse themselves from participation in the deliberations and decisions relating to that conflict.”

“The Hospital relies on externally available market data to determine the appropriate salary and any incentive compensation for the President as well as other officers and key employees of the organization. Each year, the President provides the Board with a listing of the five highest paid senior staff. Base salary and incentive compensation provided to the President is determined by three members of the Executive Committee of the Board as part of an annual performance review and their recommendation is shared with the full Board for final approval.”

“The governing documents, conflict of interest policy, and financial statements are made available to the public upon request for inspection in the President's office.”

“Physician Fees: Program service expenses 7,899,039. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,899,039. Contracted Services: Program service expenses 2,568,422. Management and general expenses 2,468,124. Fundraising expenses 9,291. Total expenses 5,045,837. Other Professional Services: Program service expenses 831,098. Management and general expenses 737,827. Fundraising expenses 120,878. Total expenses 1,689,803. Collection Fees: Program service expenses 80,042. Management and general expenses 70,670. Fundraising expenses 0. Total expenses 150,712. Consulting Fees: Program service expenses 178,067. Management and general expenses 157,217. Fundraising expenses 0. Total expenses 335,284.”

“Section 1.263(a)-3(n) Election: Huggins Hospital PO Box 912 Wolfeboro, NH 03894 EIN 02-0223332 Section 1.263(a)-3(n) Election: Huggins Hospital is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).”

“Change in Value of Interest Rate Swap -497,352. Change in Beneficial interest in Perpetual Trust 487,836.”