Eastern Connecticut Health Network Inc

“The form 990 is reviewed and approved by the legacy echn, inc. Board of directors. Each member of the board of directors is provided access to a copy of the form 990 prior to filing. The form 990 is also reviewed for accuracy by key management employees of prospect echn, inc., including michael d. Veillette, chief financial officer of prospect echn, inc., and nicholas jamieson, director of accounting of prospect echn, inc. The director of accounting also conducts an extensive review and discussion of the form 990 with the cpa firm that prepares the return.”

“Annually, the corporate compliance/internal audit department provides to officers, directors, or trustees and key employees the organization's conflict of interest policy and disclosure statement, and each individual is required to return to the department, a signed document, acknowledging receipt of the policy and disclosure statement and disclose any interests that could give rise to conflicts. A summary of the disclosures is shared with the chairman of the board of trustees and with the audit and corporate compliance committee of the board. Individuals who are identified as having a conflict of interest are prohibited in participating in the governing bodies deliberations and decisions related to the transaction. The returned statements are retained by the corporate compliance/internal audit department”

“The organization, will, upon request, allow for review of our governing documents, conflict of interest policy, and most recent annual audited financial statements at an office of the organization.”

“Transfer out of trust's assets - andrew and ann ferguson -4,066,325. Transfer out of trust's assets - gertrude h. Rogers fund -3,969,564. Transfer out of trust's assets - me moxon & d m yost memorial trust -293,561. Change in market value of trusts assets 267,917.”

“It was determined that legacy echn had no interest in the trust assets and they were removed as an asset on the balance sheet.”