Porter Hospital Inc

“The governing body for porter hospital, inc. Is identical to that of helen porter nursing home, inc. As well as their parent organization, porter medical center. Scott comeau, brandi (betcher) helm, and linda havey had employment relationships with porter medical center. Dr. Jason sanders and dr. Kristofer anderson had an employment relationship with the university of vermont health network medical group, inc. Where dr. Jason sanders served as an officer and director.”

“Effective january 1, 2024, the bylaws for porter hospital were amended in connection with a network-wide effort to promote efficiency and standardization in the delivery of medical services through the creation of a single, unified medical staff (the "medical staff"). The amendments remove provisions in the bylaws relating to the administration of a separate medical staff, including provisions granting the board of trustees authority to approve medical staff and credentials. In the place of these provisions, additional provisions were added relating to the administration of a campus advisory committee of the medical staff. The chair of the campus advisory committee shall serve ex officio, with vote, on the board of trustees.”

“Porter medical center, inc. Is the sole member of the organization.”

“The governing body of porter hospital, inc. Is identical to that of its parent organization, porter medical center, inc. The university of vermont health network, as sole member of porter medical center, inc., has powers to elect members of the governing body.”

“Uvm health network has the power to approve significant corporate actions, including annual operating and capital budgets, strategic plans, the appointment of the ceo, the incurrence of long-term indebtedness, amendments to the organization's bylaws and articles of organization, and approval of major financial decisions including mergers, bankruptcies, and the development or termination of program services. Uvm health network is a vermont non-profit corporation which has been recognized by the irs as a 501(c)(3) organization that is not a private foundation.”

“The form 990 for porter hospital, inc. Is prepared by uvm medical center staff and reviewed by pwc us tax llp. Following or concurrent with pwc's review, a draft return is presented to the uvm health network audit committee and management for review and comment. The completed form 990 is provided to all members of the board of directors prior to the form being filed with the irs.”

“The organization monitors and enforces compliance with its conflict of interest policy through annual questionnaires and certifications required of all trustees, officers, and other individuals in a position to exercise influence over the affairs of the organization, through ongoing duties to disclose transactions in which such persons have a direct or indirect financial interest, and through ongoing monitoring efforts by the organization's cfo and controller. When a potential conflict is disclosed or otherwise identified, the board or affected board committee is charged with determining whether a conflict of interest exists, with the interested person being disqualified from voting, participation, and attendance. If the board or board committee determines that a conflict of interest does in fact exist, then such person is restricted from participation in all deliberations pertaining to the proposed transaction or arrangement at issue. The remaining board or committee members may, at their discretion, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. The minutes of the board or affected committee shall contain the name of the interested person, the nature of the interest, any action taken to determine whether a conflict was present, and the decision as to whether a conflict existed. Violations of the conflict of interest policy are subject to disciplinary and corrective action including but not limited to termination.”

“The organization delegates the setting of executive compensation to the uvm health network compensation committee, an independent committee, under principles described in its charter. The uvm health network has adopted a compensation philosophy which provides a framework for setting compensation for the executives of uvm health network and its affiliated member organizations. The parameters of this philosophy include utilizing appropriate national and regional peer groups. Salaries are targeted at the 50th percentile of the national peer group, with performance based variable pay opportunities to achieve up to the 65th percentile, depending on organization and individual results. Compensation levels are approved by the network compensation committee for the uvm health network/direct reports and the affiliated organizations' ceos. Calculations are performed using the same philosophy for the third tier of leadership, with the exception that the local boards approve compensation for all non-ceo positions. All actions taken regarding executive compensation are contemporaneously documented by the appropriate organization. This review is performed annually.”

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

“Operation of a critical access hospital, in line with our mission to improve the health of our community, one person at a time.”

“Other purchased services: program service expenses 14,889,681. Management and general expenses 14,115,800. Fundraising expenses 172,859. Total expenses 29,178,340.”

“Change in beneficial interest in perpetual trusts 170,632. Temporarily restricted contributions -781,159. Other changes in net assets -21,015. Transfer of net assets -2,882,450. Pension plan adjustment”