Wake Robin Corporation

“All meetings are documented, including sub-committees, however there are no sub-committees authorized to act on behalf of the organization. Sub-committees make recommendations to the board of directors. Minutes are forwarded to all members prior to the next meeting. At that subsequent meeting, members vote to approve the minutes.”

“The form 990 is prepared by an independent accounting firm. The audit and finance committee and the full board then review and approve the form 990 prior to its filing with the irs.”

“Every june, all board directors and management complete a conflict of interest statement. They are asked to disclose any conflicts of interest that might arise during the year. At the time they arise, the ceo, cfo and the board evaluate how the conflict can be mitigated and establish appropriate controls and oversight to monitor and ensure the policy is in place. The ceo is in charge of overseeing compliance of this policy. In addition, the conflict of interest policy includes a duty to timely disclose any potential conflicts as they arise. Directors who have declared or been found to have a conflict of interest shall refrain from participating in proposed transactions in which potential conflict exists. In cases where such conflict exists, unless for special reasons, persons with conflicts shall not vote, participate in discussion, nor be present at the time of discussion or vote.”

“The ceo compensation is approved by the full board of directors, who are volunteers from the local community. Their recommendations are based on: 1. Input from all board members and the human resources director. 2. Comparison of other ceo compensation in vermont and in the industry (ty dol and leading age). 3. Compensation is tied to performance in carrying out the strategic plan and tied to financial results. However, it is not tied to any specific performance indicators or ratios. The board makes its determination of compensation increases separate and apart from the internal staff scale of adjustments, the board does take that range of increase into account in making its determination. The final determination and deliberation is documented in an executive session of the board. The review process occurs annually. The review process last occurred during 2024.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. Quarterly financial results are presented to residents of the organization and available on an internal resident portal. The financial statements are available on the organization's website and are available to the public on electronic municipal market access (emma).”

“Change in fair value of gift annuities -14,822.”