Northeastern Vermont Regional Hospital Inc.

“The sole member of the Organization is Northeastern Vermont Regional Corp.”

“All trustees shall be elected by the member of the Organization.”

“The process for reviewing the Organization's 990 evolves from oversight for utilized numbers from the TB which have been audited. Schedules to support various aspects of the tax return are prepared by several finance department staff, and Bob Hersey, as CFO, reviews the information which is submitted to the auditors. In addition, prior to the document's filing, the draft Form 990 is reviewed by the Organization's CEO, CFO, and Treasurer. A copy of Form 990 is provided to the Organization's board on the closest meeting date after the filing of the return.”

“The organization monitors and enforces compliance with the conflict of interest policy by requiring directors and trustees to complete an annual questionnaire. Board members disclose any potential conflict prior to voting. Significant conflicts of interest would be discussed with legal counsel prior to board action.”

“A compensation committee sets the compensation level for the Organization's CEO. The CEO is charged with determining the compensation level for the Organization's CFO. The basis for arriving at the CFO and CEO's compensation is determined by using comparable compensation data of the CEOs and CFOs from other similar sized Vermont hospitals. The Organization obtains this data by examining other Vermont hospital Form 990s. Compensation for all other key employees is based on the Vermont and New Hampshire annual wage survey. The CEO has the final determination for the appropriate level of compensation for all other employees.”

“The Organization makes its financial statements available to the public upon request as well as through the publishing of its annual report on its website. The Organization makes its governing documents and conflict of interest policy available to the public upon request.”

“Purchased Services: Program service expenses 3,290,563. Management and general expenses 865,683. Fundraising expenses 0. Total expenses 4,156,246. Physician Fees: Program service expenses 3,613,029. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,613,029. Lab Fees: Program service expenses 607,916. Management and general expenses 0. Fundraising expenses 0. Total expenses 607,916.”

“Section 1.263(a)-3(n) Election: Northeastern Vermont Regional Hospital, Inc. 1315 Hospital Drive St. Johnsbury, VT 05819-0905 EIN: 03-6013761 Northeastern Vermont Regional Hospital, Inc. is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).”

“Change in Beneficial Interest in Net Assets of Parent 87,558. Equity Transfer to Parent -2,000,000.”