Helen Porter Nursing Home Inc.

“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 directors of the Organization.”

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

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

“The Organization's CFO is 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 Organization'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.”

“Change in Net Assets to Recognize Funded Status of Pension Plan -83,384. Equity Transfer from Affiliate 191,250.”

“Reason for Public Charity Status: The Organization's exemption is based upon being classified as a hospital or cooperative hospital service organization described in 170(b)(1)(A)(iii). Since the Organization is not licensed in the state of Vermont as a hospital, but rather as a skilled nursing facility, Schedule H is not required.”