L&M Physician Association Inc

“Part i, line 4 & part vi, line 1b number of independent voting members of the governing body the organization sought to confirm the independence of each voting member of its governing body by requesting that each such voting member respond to a questionnaire containing the pertinent instructions and definitions and designed to elicit the information necessary to determine independence. Based on responses to the questionnaires received by the organization and annual conflicts of interest disclosures, the organization was able to confirm that one (1) voting member is independent. The organization was a related organization of lawrence + memorial corporation. Pursuant to its bylaws, the organization's executive director and the president and chief executive officer of lawrence + memorial corporation served as ex-officio members of the board of trustees of the organization. All other directors were appointed by lawrence + memorial corporation. The organization's bylaws further required that at least half of the directors be physicians, who were typically employed by the organization.”

“Business relationships between officers, directors, trustees, or key employees the organization's current officers and/or trustees served as officers and/or directors of taxable affiliates within the organization's corporate system or joint ventures in which the organization's corporate system had an ownership interest. The individual officers did not have personal financial interests in the taxable affiliate and served only as a function of their roles with the organization or within the organization's corporate system.”

“L&m corporation was the sole corporate member of l&m physician association, inc. (lmpa).”

“The lmpa board members were elected by the board of l&m corporation.”

“The sole member of the organization had the power to accept or reject the annual operating and capital budgets of the organization; and to approve, upon recommendation of the board, significant fundraising programs and sale or disposition of any assets and the incurring of indebtedness in specific situations.”

“The form 990 was prepared by the organization and reviewed by the external tax consultants. A draft of the return was provided to management for review. Any necessary changes were made prior to the final review and signing of the return by the organization's independent tax consultants. The final form 990 was provided to the board prior to filing.”

“Lmpa required all board members, officers, and key employees to complete a conflict of interest questionnaire. Questionnaires were completed annually and are reviewed by l&m hospital's general counsel. Any actual or potential conflicts disclosed were presented to the board. Appropriate corrective actions were decided on a case by case basis.”

“The officers compensation and benefits reported in part vii were determined by l&m hospital. L&m hospital executive compensation committee annually reviewed the salaries of its executive management and key employees. Utilizing independent compensation consultants the executive compensation committee made its recommendations. The committee's deliberations were reflected in its minutes.”

“All documents available upon request.”

“On march 31, 2017, the corporation merged into northeast medical group inc. And northeast medical group inc. Will continue its existence as the surviving corporation under its current name. The transfer of the net asset balances in the corporation was made at the same time.”

“Transfer to northeast medical group inc. 9,088,133. Transfer to lawrence & memorial hospital -431,953. Transfer from associated specialists of southeastern connecticut, inc. 200,000.”