Franklin Community Health Network

“Maine Healthcare (EIN: 01-0431680), is the sole member of Franklin Community Health Network (FCHN) (EIN: 22-3209406) and its subsidiaries.”

“The sole member and Franklin Community Health Network have the responsibility for the election of the members of the governing body.”

“Decisions of the governing body such as budgets, business strategies, significant financial commitments, amendments to the Articles of Incorporation and election of the President/CEO among other decisions, are subject to the approval of the sole member.”

“The Form 990 was reviewed by the Regional Chief Financial Officer prior to signing the return. The Form 990 was then made available to the full board prior to filing.”

“On an annual basis board members and officers are required to submit a conflict of interest statement which is then reviewed by the compliance committee. The compliance committee is responsible for regularly and consistently monitoring and enforcing compliance with the conflict of interest policy.”

“The process followed for determining compensation of the CEO compensated by this or other related organization is a formal process performed annually by the Executive Committee of the Board of Directors. A related organization uses an outside firm, Sullivan Cotter, to perform an independent benchmark analysis for the CEO of Franklin Community Health Network, along with other executives in the Maine Healthcare system. The firm meets with the Executive Committee to review each executive's benchmark report. The Committee then deliberates on Maine Healthcare's written salary and incentive plan philosophy before making a final decision. All decisions and meetings are captured in minutes and there are appropriate approvals at all levels. The member is responsible for an annual evaluation of the key administrative employees of the organization. Compensation is evaluated by the compensation committee appointed by the member, and the organization's Board of Directors must approve of the compensation. In addition, the organization utilizes the services of an independent compensation consulting firm and industry survey.”

“Documents that are required to be open for public inspection are made available upon request.”

“Transfer to MaineHealth (EIN 01-0238552) -13,633,674.”

“Effective January 1, 2019, Franklin Community Health Network merged with MaineHealth (EIN 01-0238552) to begin operating as a unified system under the legal name of MaineHealth. On January 1, 2019, all of the assets, liabilities, and net assets of Franklin Community Health Network were transferred to MaineHealth (EIN 01-0238552). See Schedule N for more details.”