Tucker

Mountain Hospice Inc Balance Sheet

Legal
0608

Mountain Hospice, Inc.
Mountain Hospice. Inc. Is a non-stock, not-for-profit corporation, which operates as a hospice in Barbour, Grant, Mineral, Pendleton, Pocahontas, Randolph and Tucker Counties, West Virginia.
The details concerning the content of this advertisement together with additional reports, statements and schedules required to be filed, are available for public inspection and copying at the Office of the West Virginia Health Care Cost Review Authority, 100 Dee Drive, Suite 201, Charleston, WV 25311.
MOUNTAIN HOSPICE, lNC.
BALANCE SHEET
DECEMBER 31, 2015
2015
ASSETS
Current Assets
Cash and cash equivalents    $    236,223
Patient accounts receivable        841,206
Beneficial interest in foundations (current portion)    482
Prepaid expenses        47,925
Due from employees        –
Total current assets        1,125,836
Non current Assets
Beneficial interest in foundations (net of         15,587
current portion)
Investments        2,392,199
Land, property, and equipment (net)        549,064
Total noncurrent assets        2,956,850
TOTAL ASSETS    $    4,082,686
LIABILITIES AND NET ASSETS
Current Liabilities
Accounts payable    $    271,827
Accrued payroll and related taxes and benefits    112,973
Total current liabilities        384,800
Total liabilities        384,800
Net Assets
Unrestricted        3,675,047
Temporarily restricted        16,069
Permanently restricted        6,770
Total net assets        3,697,886
TOTAL LIABILITIES AND NET ASSETS    $    4,082,686
MOUNTAIN HOSPICE, INC.
STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED DECEMBER 31, 2015
2015
Changes in Unrestricted Net Assets
Unrestricted_ Revenues and Support
Net patient service revenues    $    4,535,703
Contributions        17,511
Fundraising Income        22,620
Other income        8,335
Total unrestricted revenues and support        4,584,169
Expenses and Losses
Hospice services    $    4,492,797
Management and general        187,369
Fundraising        23,258
Total expenses and losses        4,703,424
Operating income (loss)        (119,255)
Other Income
Investment Income        (54,388)
Change in unrestricted net assets    $    (173,643)
from activities
MOUNTAIN HOSPICE, INC.
STATEMENT OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2015
2015
Unrestricted Net Assets
Change in net assets from activities     $     (173,643)
Net assets released from temporary restrictions     839
Change in unrestricted net assets     $     (172,804)
Temporarily Restricted Net Assets
Change in value of beneficial interest         (1,159)
Released from temporary restrictions         (839)
Change in temporarily restricted net assets         (1,998)
Permanently Restricted Net Assets
Contributions – endowment investment        –
Change in permanently restricted net assets    –
Change in net assets         (174,802)
Net assets, beginning of year         3,872,688
Net assets, end of year     $    3,697,886