Indian Stream Health Center Inc

“The form 990 has historically been reviewed by the finance committee before filing. Because Indian Stream Health Center (ISHC) was acquired by Upper Connecticut Valley Hospital (UCVH) and ceased operations on 12/31/21, the 2021 form 990 will be reviewed by the Interim Financial Analyst and Interim CFO of ISHC in place at ISHC as of 12/31/21 and by the CFO of North Country Health (parent organization of acquiring organization UCVH). The Form will be provided to the entire UCVH Board prior to filing.”

“Indian Stream Health Center Inc. requires their board members to annually sign a form stating what other organizations they were involved in. The board members are not allowed to vote on issues if they pertain to another organization the board member is involved with.”

“Historically, the Board of Directors of Indian Stream Health Center, Inc. checked salary information from other FQHCs and review the Form 990s of the other nonprofits to obtain comparability information for the officers' salaries. The organization also participated in NACHC's salary survey. Because of the expected merger of ISHC into UCVH at year end, no new comparative surveys were conducted in 2021.”

“Organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“On December 31, 2021, the Organization merged with and into Upper Connecticut Valley Hospital Association, Inc. (UCVH), upon which time the separate corporate existence of the Organization ceased and UCVH continued its corporate existence as the surviving corporation, with all of the estate, assets, property, rights, privileges, immunities, powers and franchises of the Organization vesting in UCVH as the surviving corporation, all pursuant to an Agreement and Plan of Merger agreed to by both parties and approved by the State of New Hampshire Department of Justice, Charitable Trust Unit.”

“Other professional fees: Program service expenses 667,872. Management and general expenses 112,794. Fundraising expenses 0. Total expenses 780,666.”

“Net Asset transfer to Upper Connecticut Valley Hospital -2,040,449.”

“The health center has not changed its oversight process for the audit of its financial statements or its selection process of its independent accountant during the year, except that final audited financial statements were presented to the acquiring organization's (UCVH) board of directors.”