Pendleton

Potomac Highlands Mental Health Guild Statement of Activities

Pursuant to the disclosure requirements of the West Virginia Health Care Financial Disclosure Act, the following information is hereby presented for Potomac Highlands Mental Health Guild Inc.

POTOMAC HIGHLANDS MENTAL HEALTH GUILD INC.

STATEMENTS OF ACTIVITIES

Years Ended June 30, 2015 and 2014

2015 2014

Revenues and support

Net patient service revenue $ 8,726,147 $8,526,442

Support from state and federal programs 1,512,846 1,315,367

Other 198,338 136,953

Total revenue and support 10,437,331 9,978,762

Expenses

Salaries and wages 2,842,379 2,783,105

Employee benefits 721,307 703,467

Supplies 81,703 60,320

Contractual and professional 5,446,478 5,068,367

Travel 98,544 103,070

Rent and utilities 224,814 241,370

Depreciation and authorization 93,707 84,268

Repairs, maintenance, and small equipment 354,398 227,205

Insurance 94,046 100,235

Bad debt expense 35,536 36,930

Taxes and licenses 432,762 418,454

Other 150,379 151,182

Total expenses 10,576,053 9,977,973

CHANGES IN UNRESTRICTED NET ASSETS (138,722) 789

Net assets – unrestricted, beginning of year 1,390,157 1,389,368

Net assets – unrestricted, end of year $ 1,251,435 $ 1,390,157

POTOMAC HIGHLANDS MENTAL HEALTH GUILD, INC

STATEMENT OF FINANCIAL POSITION

June 30, 2015 and 2014

2015 2014

ASSETS

Current Assets

Cash and cash equivalents $ 350,255 $ 788,315

Patient receivables, less allowance for doubtful

accounts: 2015, $33,155 and 2014, $29,941 939,392 833,648

Contract services receivable 276,209 84,161

Other current assets 67,718 55,536

Total current assets 1,633,574 1,761,660

Property and equipment

Land and land improvements 192,577 210,577

Buildings and improvements 1,034,549 1,192,957

Furniture and equipment 542,368 490,734

Vehicles 253,832 249,074

2,023,326 2,143,342

Less accumulated depreciation 1,310,359 1,427,243

Total property and equipment 712,967 716,099

Other assets 123,377 106,404

$ 2,469,918 $ 2,584,163

Liabilities and Net Assets

Current Liabilities

Accounts payable and accrued payroll expenses $ 1,114,815 $ 1,118,248

Accrued annual leave 78,668 75,758

Refundable advances 25,000

Total current liabilities 1,218,483 1,194,006

Net assets-unrestricted 1,251,435 1,390,157

$ 2,469,918 $ 2,584,163

The Potomac Highlands Guild, Inc. is a non-profit, private agency holding an IRS 501 (c)(3) tax exempt status. Details relating to the above information are available for copying and public inspection at the Health Care Authority, 100 Dee Drive, Suite 201, Charleston, WV 25311. Information is also available at the Guild administrative offices located at 7 Mountain View St., Petersburg, WV 26847. 1c