Gifford Medical Center Inc

“The Form 990 is prepared by an independent accounting firm based on the audited financial statements and information provided by the accounting department of the organization. The completed Form 990 is presented and reviewed by the Finance Committee of the Board of Trustees and an electronic copy of the complete Form 990 is made available to all Board Members prior to filing.”

“Gifford Medical Center, Inc. requires board members to complete an annual conflict of interest survey. Any duality of interest or possible conflict of interest on the part of any director shall be disclosed to the other board members. Any director having duality of interest or possible conflict of interest on any matter shall not vote or use his personal influence on the matter, and shall not be present for discussion of the matter. The minutes of the meeting shall reflect that a disclosure was made and that the director abstained from voting and discussion.”

“Gifford Medical Center's Chief Executive Officer is evaluated annually by a board compensation committee that relies on data and input from a variety of independent sources. The compensation information is then reviewed by the Executive Committee of the Board of Trustees and resultant recommendations are presented to the Board of Trustees for final approval. To evaluate the compensation of the Organization's other officers and key employees, the compensation review is administered by human resources and the CEO. The human resources department has some internal and external sources that are utilized to compare compensation amounts.”

“The Organization makes its conflict of interest policy available upon request. The financial statements are available on the Organization's website, and upon request.”

“Board Member Compensation: Emilija Florance (Medical Staff President), and Daniel Bennett (CEO) are employees of Gifford Medical Center/Gifford Health Care as well as members of the Board of Directors. Their compensation is related to their roles as employees. No trustees receive compensation for their roles as trustees.”

“Gifford Medical Center files all W-2s & 1099s for its related organizations, Gifford Health Care, Inc. (GHC) and Gifford Retirement Community, Inc. (GRC). The amounts reported on Part V, lines 1a & 1b are the allocable amounts specific to Gifford Medical Center, Inc. The compensation, employee benefits and payroll taxes are then allocated to GHC and GRC for the amounts that represent work performed for those organizations. Therefore, the amount reported on Part IX includes only those amounts allocated to work performed directly for Gifford Medical Center. The highest paid employees are determined by the work performed for each organization. Therefore, the five highest paid employees listed on Part VII and Schedule J are those employees who work directly for Gifford Medical Center, Inc. In addition the CEO and CFO's compensation has been shown in Part IX as paid by Gifford Medical Center only, although their time spent is attributable to all three entities.”

“Contract Labor: Program service expenses 3,652,137. Management and general expenses 1,115,438. Fundraising expenses 0. Total expenses 4,767,575. Other Professional Fees: Program service expenses 4,729,045. Management and general expenses 2,133,238. Fundraising expenses 0. Total expenses 6,862,283. Service Contracts: Program service expenses 3,148,226. Management and general expenses 403,251. Fundraising expenses 0. Total expenses 3,551,477.”

“Section 1.263(a)-3(n) Election: Gifford Medical Center, Inc. 44 South Main Street Randolph, VT 05060 EIN 03-0179418 Gifford Medical Center, Inc. is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).”

“Transfers to Affiliates -3,032,441.”