VALLEY HOSPICE, INC.
COMBINED OFFICE OPERATIONS
STATEMENT OF ASSETS, LIABILITIES, & EQUITY
FOR THE YEAR ENDED DECEMBER 31, 2015
ASSETS
CURRENT ASSETS:
Short & Long Term Investments $ 1,455.116
Cash $ 2,535,407
Accounts Receivable $ 1,779,728
Prepaid Expenses $ 83,160
Total Current Assets $ 5,853,411
TOTAL RESTRICTED ASSETS:
Restricted Assets $169,230 Total Restricted Assets $169,230
TOTAL FIXED ASSETS:
Fixed Assets $ 7,108,968
Total Fixed Assets $ 7,108,968
TOTAL ASSETS $13,131,609
LIABILITIES AND EQUITY
CURRENT LIABILITY:
Accrued Expenses $4,803,290
Total Current Liability $4,803,290
EQUITY:
Fund Balance $8,328,319
Total Equity $8,328,319
TOTAL LIABILITIES & EQUITY $13,131,609
VALLEY HOSPICE, INC.
WEST VIRGINIA OPERATIONS
STATEMENT OF REVENUE AND EXPENSES
FOR YEAR ENDED DECEMBER 31, 2015
INCOME
Service Revenue $7,735,107
OPERATING EXPENSES
Operating Expenses $6,352,071
NET PROFIT (LOSS) ON
OPERATIONS $1,383,036
OTHER INCOME
Other Income ($77,930)
Extraordinary Item –
FUNDS AVAILABLE FOR
PROGRAM DEVELOPMENT $1,305,106
Valley Hospice, Inc. is a nonprofit 501 (C) (3)
corporation serving the following counties
in Ohio and West Virginia. In Ohio: Belmont,
Columbiana, Guernsey, Harrison, Jefferson,
and Monroe. In West Virginia: Brooke,
Hancock, Marshall, and Ohio. Valley
Hospice, Inc. is governed by a Board of Trustees
made up by individuals from communities throughout our service area.
The details from the above advertisement are available for copying or public inspection at:
Health Care Cost Review Authority
100 Dee Drive, Suite 201
Charleston, WV 25311
N.R. March 24, 2016
235195