Tripil

“Trpil delegated accounting and managerial services to transitional paths to independent living, an affiliated organization.”

“Trpil and voices for independence (vfi), a nonprofit organization located in erie, pa entered into an affiliation agreement effective october 1, 2019. The affiliation is a parent/subsidiary relationship pursuant to which vfi is the parent corporation and trpil and its affiliates (transitional paths to independent living, trpil community services, and accessible dreams) are each independent subsidiary corporation of vfi. Private care resources, inc. D/b/a trpil home health remained an affiliate of trpil. The chief executive officer (cfo) of vfi was appointed ceo of each of the trpil entities. The new vfi board was initially comprised of an equal number of board members from both vfi and trpil, plus the ceo of vfi.”

“Written policies and procedures exist which govern the activities of affiliates.”

“A copy of form 990 was supplied to all board members for review and discussion prior to signing and submission of the form.”

“Tthe organization requires the completion of an annual conflict of interest questionaire and monitors the conflict of interest policy through education and communication among the board of any potential conflict and the steps needed to address any conflicts which may arise.”

“Board of directors of the parent organization reviews the compensation of the ceo and cfo positions in conjunction with approving the annual budget. Comparability data of the area and the industry is used.”

“Board of directors of the parent organization reviews the compensation of the ceo and cfo positions in conjunction with approving the annual budget. Comparability data of the area and the industry is used.”

“Governing documents made available upon request.”

“Trpil's organizational mission is to affirm liberty and justice for all people with disabilities. As keeper of this vision, trpil strives to remain in touch with current events of the worldwide disability movement and evolving principles of the independent living philosophy. Trpil monitors and enforces the cooperation of the affliiates in pursuit of a common goal - the system-wide advancement of economic development through the independent living movement. Trpil provides leadership to the affilated organizations.”

“Trpil acquired goodwill in the august 31, 2017 purchase of 100% of the common stock of private care resources, inc., d/b/a vfi home health. Generally accepted accounting principles require goodwill to be subject to an assessment for impairment on at least an annual basis. If the fair value of the reporting unit is less than its carrying value at the valuation date, an impairment loss should be recorded to the extent that the fair value of the goodwill within the reporting unit is less than its carrying value. An assessment of impairment was made based on the financial results of trpil home health through june 30, 2019. A (674,084) loss on impairment of goodwill was recognized to write the goodwill down to -0-. This amount is reported on form 990 - part ix - line 24a.”

“Additonal paid-in capital of 100% owned for-profit corporation of private care resources, inc. D/b/a vfi home health.”