Alice Hyde Medical Center

“Board member brian monette has a family relationship. Board members daniel clark, brian monette and marina medved have a business relationship.”

“The organizations did have members, and uvmhn, inc., is alice hyde medical center's sole member.”

“Uvmhn, inc., as alice hyde medical center's sole member has reserve powers that allow the university of vermont health network and uvmhn, inc, to refuse the acceptance of new board members appointed by the alice hyde medical center board of directors if uvmhn, inc., does not agree with the choice of appointments. The process of appointing members to the governing body is a collaboration of the alice hyde medical center board of directors and uvmhn, inc., as a result.”

“The university of vermont health network through uvmhn, inc., has certain reserve powers that require uvmhn, inc., to approve certain decisions made by the alice hyde medical center board of directors.”

“The form 990 is prepared by an independent outside accounting firm. It is provided to the full board of directors for review prior to submission.”

“The conflict of interest policy is monitored and enforced by the board of directors. Specifically, the policy requires a disclosure of any potential conflict to the board of directors. The board of directors then refers the potential conflict to the audit and compliance committee to review the matter. The audit and compliance committee reviews the proposed transaction or arrangement to determine if reasonable alternatives to the proposed transaction exist. Based on review, the audit and compliance committee shall approve or disapprove the transaction. All findings and actions taken by the audit and compliance committee are reported to the board at the next regularly scheduled meeting of the board of directors. In addition, the audit and compliance officer is responsible for reviewing and retaining annual disclosure statements completed by each director, officer, committee member and key employee.”

“Alice hyde medical center (ahmc) has a formal process that is used to determine the compensation of the ceo on an annual basis. This process includes a compensation committee of the board of trustees, engaging an independent consultant, performance of a compensation survey or study, review of other organization's 990 forms, and approval by the board of compensation committee. A written employment agreement is established setting forth the compensation and benefits of the ceo. Ahmc pays non-fixed earnings based on the success in meeting performance criteria that are prospectively agreed upon as goals for the ceo. Compensation for senior leaders is reviewed annually, in accordance with national bench marketing and internal equity within the uvm health network. Review is conducted by human resources, locally and network-wide. Non-fixed earnings of other officers are based on the success in meeting performance criteria and comparative market data. In addition to the tools and processes identified in schedule j, part i, alice hyde medical center receives guidance regarding its president's compensation from the compensation committee of the board of trustees of the university of vermont health network, which is the sole member of the hospital. That network compensation committee utilizes the following methods to establish that guidance: -compensation committee -independent compensation consultant -compensation survey or study -approval by the board or compensation committee”

“The completed forms 1023, 990, and 5500 for the medical center are made available to the public upon request.”

“The governing documents, the conflict of interest policy, and the financial statements for the medical center are made available to the public upon request.”

“The process has not changed from prior year.”