Lincoln County Health Care Inc

“The sole corporate member (corporator) is mainehealth - ein 01-0431680.”

“The member elects the board of trustees. All officers of the board of trustees are elected by the board, and each must be a trustee. Officers of the corporation are elected annually by the board.”

“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 finance committee performs a detailed review of the form 990. The form 990 is then made available to the full board. The chief financial officer also performs a detailed review of the entire form 990 before signing and prior to filing.”

“Any duality of interest or possible conflict of interest on the part of a trustee, physician, officer or manager (e.g., a member of lincoln county healthcare leadership team, director, manager or person responsible for purchasing) must be disclosed to the applicable board, board committee or, in the case of an administrative decision that is not subject to board or committee approval, to the manager's immediate supervisor. Such disclosures shall be made a matter of record. Disclosure will be made at the time of initial affiliation with lincoln county healthcare, annually and when the interest becomes a matter for board or committee action or administrative decision. Disclosure forms shall be completed annually by trustees and officers at the time of the annual meeting, and annually by vice presidents, directors, and managers in conjunction with their annual performance review.”

“In consultation with sullivan cotter, the mainehealth board compensation committee establishes appropriate compensation parameters for each member organizations ceo and certain members of their senior management team. Working within those parameters, the lincoln county health care, inc. (lch) board determines the level of compensation for its ceo. The findings of the compensation committee are made transparent to, and voted on by, the full governing board. This total executive compensation is filed publicly by the organization, and includes total cash compensation and total value of all benefits and perquisites associated with the position (such as housing allowances, social club memberships, signing bonuses,etc.). The board takes necessary action to prevent the ceo from voting or directly participating in the final committee determination of (her/his)own compensation. The organizations executive compensation procedure relies upon appropriate data for comparability (e.g. Compensation levels paid by both taxable and tax-exempt similarly situated organizations and independent compensation surveys by nationally recognized independent firms). Finally, the organization refrains from allowing executive compensation to ever be based solely on lchs revenues or other similar profit-sharing strategies.”

“In consultation with sullivan cotter, the mainehealth board compensation committee establishes appropriate compensation parameters for each member organizations ceo and certain members of their senior management team. Working within those parameters, the lincoln county health care, inc. (lch) board determines the level of compensation for its ceo. The findings of the compensation committee are made transparent to, and voted on by, the full governing board. This total executive compensation is filed publicly by the organization, and includes total cash compensation and total value of all benefits and perquisites associated with the position (such as housing allowances, social club memberships, signing bonuses,etc.). The board takes necessary action to prevent the ceo from voting or directly participating in the final committee determination of (her/his)own compensation. The organizations executive compensation procedure relies upon appropriate data for comparability (e.g. Compensation levels paid by both taxable and tax-exempt similarly situated organizations and independent compensation surveys by nationally recognized independent firms). Finally, the organization refrains from allowing executive compensation to ever be based solely on lchs revenues or other similar profit-sharing strategies.”

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

“Continued from page 2 cove's edge long-term care, mainegeneral hospital and riverview psychiatric center for student clinical experiences. Students attend nursing courses in classrooms at the lincoln county healthcare education center located at 66a chapman street, in damariscotta. Classes are transmitted from central maine community college's main campus in auburn via videoconferencing to the education center or classes are taught live at the lincoln county healthcare education center and transmitted to the class at central maine community college. An agreement with lincoln academy will allow students to use their lincoln academy's labs for central maine community center's anatomy and physiology course. Lincoln county healthcare provides administration services, clinical training, equipment, supplies, technical support, and three scholarships to selected students for full tuition and fees for each year of the nursing program. Please refer to the community benefits statement for a more detailed description of its programs.”

“Equity transfers -225,000 intercompany equity transfers -235,595 non-operating income 34 other expenses -28,386 unrestricted gifts and donations 525”