Copley Professional Services Group Inc

“Stuart May, who served as Chief Financial Officer beginning in February of 2019 and President/Chief Executive Officer beginning in May of 2020, was a contract employee from February of 2019 to January of 2020 through Canton & Company of Baltimore, MD, an unrelated organization. Compensation in the amount of $110,000 was paid to Canton & Company by Lamoille Health Partners, Inc. for Mr. May's services in calendar year 2019. In accordance with IRS instructions, these fees have been reported as compensation on Form 990, Part VII-A and further disclosed in Schedule O for Form 990, Part VI, Line 3.”

“The Organization's Form 990 is prepared with the assistance of an independent public accounting firm. The draft is then thoroughly reviewed by the Finance Committee and other key financial staff. Once any changes are made, the Organization makes the Form 990 available for all Board Members to review via secure web portal, email, or in hard copy prior to filing with the IRS.”

“The Board of Directors fills out a conflict of interest questionnaire/disclosure form annually in April.”

“The CEO compensation is determined and executed by the Board of Directors taking into consideration individual and organizational performance, experience, and comparable market rates for the position. All other officer and key employee compensation is determined by the CEO focusing on individual performance, experience, and utilizing outside compensation data.”

“The Organization makes its governing documents, conflict of interest policy, audited financial statements, and Forms 1023 and 990 available to the public upon request at its central offices.”

“In accordance with IRS instructions, compensation is to be reported for individuals listed on Form 990, Part VII, Section A based on the calendar year ending within the reportable fiscal year. Therefore, no compensation has been listed for Mr. David Simmons, who served as CFO beginning in May of 2020. Compensation information for Mr. Simmons will be reported on the Organization's Form 990 for the fiscal year ending September 30, 2021.”

“While no policy or procedure that is written exists, in every instance where Lamoille Health Partners (LHP) has entered into a joint venture, LHP has secured legal advice to understand the implications of entering into an LLC agreement and its impact on the Organization's tax exempt status. This is the normal procedure followed to safeguard the Organization's tax exempt status for all LLC agreements. Previously, LHP's Schedule R listed several LLC entities as related organizations which constituted the Organization's joint ventures. The Organization has disposed of its interest in all joint ventures during the tax year.”

“The Organization did not incur any fundraising expenses during the current fiscal year. All grants are received primarily from state and federal sources on an on-going basis.”

“The audit process has not changed from the prior year.”