Copley Professional Services Group Inc

“During the period covered by this Form 990, Lamoille Health Partners engaged an indepdent third-party accounting firm, BerryDunn, to provide interim Chief Financial Officer (CFO) services to the Organization. As per the Interim CFO Agreement, BerryDunn was to provide the following services: interim CFO support and related services; budgeting and financial reporting; forecasting and projections; support for the CEO and other key employees and officers; and to assist in the development and recruitment of a permanent CFO role and BerryDunn's eventual replacement. The agreement with BerryDunn was signed effective January 2024. In March 2024, through the agreement with BerryDunn, Evalie Crosby was placed as the Interim CFO, in which role Ms. Crosby served through the end of this tax year, and up until November 2024. In this capacity, Evalie Crosby fulfilled the same general responsibilities assigned to BerryDunn under the original Interim CFO Agreement. As these agreements all began effective January 2024 or later, no compensation or other payments were paid by Lamoille Health Partners regarding these arrangements during the 2023 calendar year. Therefore, in accordance with IRS Instructions, no compensation, benefits, or other payments regarding these Interim CFO contracts have been reported on this Form 990, Part VII, or on the accompanying Schedule J.”

“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.”

“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 it previously participated in with taxable entities in previous tax years.”

“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.”