Svhc Realty Inc.

“Business relationships: certain listed officers and board members also serve as officers and board members of southwestern vermont healthcare enterprises, a related taxable organization.”

“Pursuant to the bylaws, the board directors will be appointed by the svhc board of trustees. At least one member of the of the board of directors shall also be a member of the board of trustees of svhc. The svhc board of trustees shall have the ability to designate a replacement member should a vacancy occur on the board. Pursuant to the bylaws, the president of the organization at all times will be a corporate officer of svhc.”

“Please see form 990, section a, line 7a response above.”

“Form 990 review process: the form 990 is prepared by an independent accounting firm based on the audited financial statements and information provided by the accounting department of the organization. The draft 990 is then reviewed by management and accounting. After all suggested changes from management are made, the updated draft form 990 is then presented to the finance committee. After any final changes are made, the form 990 is presented to the full board of directors before filing with irs.”

“Monitoring compliance with conflict of interest policy: although svhc realty, inc. Itself does not have conflict to interest policy, southwestern vermont healthcare corporation (svhc), parent corporation to svhc realty, inc. And also a recognized 501 (c)(3) exempt corporation does maintain a conflict of interest policy. The svhc conflict of interest policy is followed by svhc realty.”

“Compensation review: the organization's ceo position is paid by southwestern vermont medical center (svmc). The process svhc/svmc uses to determine ceo compensation is as follows: the board engages an outside consulting firm to review comparable ceo salary data and uses national professional organization survey data in the determination of the ceo's salary and benefits. In addition, the board engages an outside consulting firm and also uses national professional organization survey data to review the wage data of other officers and key employees. Process begins with a request to svhc's/svmc's compensation consultant astron solutions to perform a market analysis of the ceo position. This report is used as the for structuring compensation for the ceo during the next contract period. Using the results of the market analysis with input from our ceo, the compensation offer for the next contract period is developed and incorporated into the contract. The compensation is then discussed by the governance committee of the board with astron solutions in attendance. Astron solutions will provide a written letter confirming their agreement.”

“Document disclosure: the organization makes its governing document, conflict of interest policy, and financial statements available to the public upon request.”

“Board member compensation: no trustee receives compensation for their services as a trustee of the board. Michael brady, dds, receives compensation for dental services provided. Thomas dee is compensated as the ceo of the southwestern vermont healthcare system.”

“Professional fees: program service expenses 221,964. Management and general expenses 0. Fundraising expenses 0. Total expenses 221,964.”

“Transfer from svhc 4,999,998.”