Roger Williams Medical Associates Inc

“Kenneth belcher and michael conklin have a business relationship. They are officers/directors of roger williams medical associates, inc. And officers/directors of related for profit entities rosebank corporation, elmhurst health associates and our lady of fatima ancillary services.”

“The principle management function of roger williams medical associates is conducted under the direction of chartercare health partner's officers, trustees, and key employees. Consequently, there are no key employees disclosed for the executive or financial function.”

“Chartercare health partners is the sole member of roger williams medical associates, inc.. Chartercare health partners as the sole member reserves the power to amend the articles and bylaws of the entity, appoint or remove a member of the board of trustees, enter into contracts, effect any dissolution, affiliation, merger, or reorganization, and has the exclusive power to appoint or remove the ceo, cfo and the coo (if any).”

“The completion of the form 990 begins with an opening meeting attendied by chartercare's controller and kpmg llp, an independent tax consultant. The meeting consists of a review of the organizational structure, significant changes in operations or program activities from the prior year, and overview of changes in the form 990. The finance department gathers the required information and populates the for 990 in conjunction with kpmg llp. Once completed, the draft 990 is reviewed with senior management to ensure individuals are provided time to review and approve the form 990 prior to the deadline. After the internal review is completed, the form 990 is provided to chartercare's board members for their review and comments. The form 990 has also been provided to the management of prospect chartercare llc, the entity acquiring all assets in the reorganization.”

“The conflict of interest policy included in the by-laws is to protect the corporation's interest when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or trustee of the corporation. In connection with any actual or possible conflicts or interest, an interested person must disclose the existnce of his or her financial interest and all material facts to the officers, trustees, and members of any committees with board delegated powers considering the proposed transaction or arrangement. On an annual basis, each member of the board is required to complete a conflict of interest statement and all responses are submitted and reviewed by legal counsel. Any actual and possible conflicts of interest are reviewed with the board of trustees”

“Executive salaries and benefits are paid by chartercare health partners and employees are paid by roger willams medical associates. Employee salaries are established under the compensation policies of the organization's management company chartercare health partners.”

“Roger williams medical associates makes its tax return, governing documents, conflict of interest policy, and financial statements available to the public upon request. Its tax return is also available on www.guidestar.org.”

“With the consent the board of directors, CharterCARE Health Partners, the sole member of Roger Williams Medical Associates, agrees to contribute substantially all assets to a joint venture Prospect CharterCARE LLC. The assets of Roger Williams Medical Associates, a supporting organization to Roger Williams Medical Center, and subsidiary of Roger Williams Medical Center, were included in the assets contributed to the joint venture under an agreement reached with the approval of the Rhode Island Attorney General and the Rhode Island Department of Health. Roger Williams Medical Associates, a Rhode Island corporation will be dissolved. BOOK VALUE OF ASSETS TRANSFERED TO PROSPECT CHARTERCARE LLC - 4,425,558. BOOK VALUE OF ASSETS TRANSFERED TO PROSPECT CHARTERCARE LLC - 4,425,558.”