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:
STATEMENTS OF ACTIVITIES
Years Ended June 30, 2015 and 2014
2015 2014
Revenue 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
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Total revenue and support 10,437,331 9,978,762
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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 amortization 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
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Total expenses 10,576,053 9,977,973
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CHANGE 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
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STATEMENTS 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
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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
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Total property and equipment 712,967 716,099
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Other assets 123,377 106,404
—————- —————
$ 2,469,918 $ 2,584,163
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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
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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.
12-16-1c
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