Porter Hospital Inc. Hcsr

“Missy Foote and Richard Foote have a family relationship”

“Porter Medical Center, Inc. is the parent holding company and sole corporate member of the Organization.”

“Porter Medical Center, Inc., the parent holding company and sole corporate member of the Organization, has the right to appoint Hospital directors”

“Porter Medical Center, Inc., the parent holding company and sole corporate member of the Organization, has the right to approve major hospital expenditures and approve hospital long-term borrowings.”

“Form 990 is reviewed by management and the Finance committee before filing. The form 990 is also made available electronically to the Board of Directors before filing.”

“The Organization's CFO and Controller are responsible for regularly and consistently monitoring and enforcing compliance with the conflict of interest policy. When bids are solicited to include the business of a Board member, those bids are reviewed by the Board of Directors to assure adherence to the Hospital's lowest bid policy. When an issue comes up to a vote and it is connected, in any way, to the business of a Board member, the member must recuse him/herself from the vote.”

“The Organization's executive committee reviews comparative data prepared by a consultant prior to referral of compensation to the board of directors. The board of directors review the findings of the consultant and vote to approve the salary of the CEO.”

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

“In the later part of November 2015, Porter Hospital expanded its infusion services by creating an Infusion Center within the hospital. This provided a higher level of quality and an enhanced level of care to our patients.”

“In May 2015, Tapestry Midwifery and Addison Association of OB/GYN practices were merged to form Porter Women's Health. As a result, Porter Hospital was able to fully integrate women's health services within our community into one practice. Due to changes in provider staffing, Porter Internal Medicine closed in May 2016. The remaining providers were reallocated to another practice within Porter Hospital's practice network.”

“Purchased Services: Program service expenses 8,130,870. Management and general expenses 684,889. Fundraising expenses 0. Total expenses 8,815,759.”

“Section 1.263(a)-3(n) Election: Porter Hospital, Inc. 115 Porter Drive Middlebury, VT 05753 EIN 03-0181058 Porter Hospital, Inc. is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).”

“Change in Net Assets to Recognize Funded Status of Pension Plan -704,322. Change in Beneficial Interest in Perpetual Trusts -104,223. Equity Transfer to Affiliate -2,250,000.”