Cheshire Medical Center

“The ceo is paid by a related organization. Executive compensation is evaluated by an independent third-party firm for reasonableness and national data benchmarking. The talent development and compensation committee, along with independent trustees, approve the final compensation in consideration with the independent third-party firm's recommendations and suggestions. This process was contemporaneously documented and last undertaken in 2024.”

“As described in the organization's bylaws, the Executive Committee shall consist of the officers of the Board of Trustees of the Corporation and an additional trustee recommended by the Chairperson of the Board and approved by the Board. The Chairperson of the Board of Trustees shall be the Chairperson of the Executive Committee, which shall work at the direction of (and report to) the Board of Trustees, undertaking specific activities assigned to it by the full Board. The Executive Committee shall serve as a resource in the following areas: policy formulation, preparation of background material and analysis for Board deliberations, evaluation of the CEO's performance and recommendations on compensation, and other areas in which the Board requires the deliberation of the officers. The Executive Committee shall have the power to transact all regular business of the Corporation between meetings of the Board. The Executive Committee shall also perform functions of the "Executive Compensation Committee."”

“Dartmouth-hitchcock health, a new hampshire voluntary corporation, is the sole corporate member of the cheshire medical center.”

“Dartmouth-hitchcock health, a new hampshire voluntary corporation, is the sole corporate member of the cheshire medical center. D-hh has the power to appoint 1/3 of the members of the cheshire medical center's board of trustees.”

“The sole member has the right to ratify the cheshire medical center's nomination of 2/3 of the members of the board of trustees; remove trustees after consultation with the chairperson of the board, approve the dissolution or liquidation of the cheshire medical center; appoint, evaluate, terminate, and approve the compensation of the president and ceo; and other governance decisions.”

“The form 990 is reviewed by external tax advisors and the cfo before the filing of the return. Once the return has been fully prepared, a final 990 is sent to each board member and time is allocated for comments and responses prior to the official filing of the forms.”

“Cheshire medical center's board of trustees approved a policy concerning a voluntary self-disclosure of any potential conflict of interest. The dartmouth-hitchcock compliance and audit services department conducts an annual survey of all officers and trustees and performs other procedures as considered necessary to report on compliance with the conflict of interest policy. The department then reports to each board any potential conflicts for their review. Per the policy, any conflicts or otherwise perceived conflicts are required to be addressed by the board of trusteees on an ongoing basis. In the event a conflict arises, the individual may be removed from participating in any decision making regarding the identified conflict and/or its corresponding transactions. If the board or committee has reasonable cause to believe that an interested person has failed to disclose actual or possible conflicts of interest, it shall inform such person on the basis for such belief and afford him/her an opportunity to explain the alleged failure to disclose. If, after hearing the response of the interested person and making such further investigation as may be warranted in the curcumstances, the board or committee determines that such person has in fact failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“The executive committee has a compensation review process to provide an orderly structure for executive compensation decisions. Annually, the committee uses a multi-tiered approach that includes independent comparability data to gauge appropriate comparative market levels of compensation and benefits. An annual performance evaluation is based on subjective and objective criteria which flows from the organization's strategic plan. By way of questionnaire, board members participate in the performance review process and a summary report is shared with the ceo. Variable pay is awarded based on achievement of specific qualitative and quantitative goals. In conjunction with the executive committee, challenging and measurable goals are established, which provide alignment between executive compensation and achievement of the hospital's strategic initiatives. During fy24, compensation for the following positions were reviewed: chief nursing officer, chief operating officer, and the chief financial officer. The president of the medical staff is paid by a related party who conducted a similar review.”

“The cheshire medical center makes its governing documents, conflict of interest policy, and financial statements available to members of the public upon request.”

“Other Revenue - Total Revenue: 500000, Related or Exempt Function Revenue: 500000, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Other Revenue - Total Revenue: 422764, Related or Exempt Function Revenue: 422764, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“Contracted Healthcare Services - Total Expense: 71259536, Program Service Expense: 71259536, Management and General Expenses: , Fundraising Expenses: ; Lab and Radiology Services - Total Expense: 1883534, Program Service Expense: 1883534, Management and General Expenses: , Fundraising Expenses: ; Consulting and Other Services - Total Expense: 19920836, Program Service Expense: 17593927, Management and General Expenses: 2225440, Fundraising Expenses: 101469;”

“Net asset transfers - 24196994;”

“The medical center was included in the consolidated audited financial statements of the dartmouth-hitchcock health system. During fiscal year 2024, mary hitchcock memorial hospital expended federal funding which met the minimum threshold set forth in the single audit act and omb circular a-133 . Due to the nature of the consolidated financial statements, the audit was performed on the financial information of all organizations, including cheshire medical center.”