PETERSON REHABILITATION HOSPITAL
AND GERIATRIC CENTER
HOMESTEAD AVENUE WHEELING, WV 26003
PHONE: (304) 234-0500
FAX: (304) 234-0591
BALANCE SHEET
FOR YEAR ENDING DECEMBER 31, 2014-2015
CURRENT ASSETS: 2014 2015
Cash and cash equivalents $2,026,670 $2,714,393
Accounts Receivable 3,890,285 3,316,466
Inventories, prepaid expenses
and deposits 219,466 404,198
TOTAL CURRENT ASSETS 6,136,421 6,435,057
FIXED ASSETS:
Land, Buildings & Equipment,
net of depreciation 843,524 838,559
TOTAL ASSETS 6,979,944 7,273,616
Payables and Accrued Interest 2,236,644 627,863
Accrued Payroll and Benefits 623,394 501,130
Tax Payable — —
TOTAL CURRENT
LIABILITIES 2,860,037 1,128,993
LONG-TERM DEBT — —
STOCKHOLDERS EQUITY 4,119,907 6,144,623
TOTAL LIABILITIES
AND STOCKHOLDERS
EQUITY 6,979,944 7,273,616
STATEMENT OF REVENUES & EXPENSES
FOR YEAR ENDING DECEMBER 31, 2014 – 2015
REVENUES: 2014 2015
Net patient Service Revenue 23,020,057 21,880,168
Non Operating Revenue 34,602 47,031
TOTAL REVENUE 23,054,659 21,927,199
EXPENSES:
Salaries and Benefits 7,609,064 7,481,294
Medical Supplies and Drugs 6,835,604 8,038,345
Insurance and Other 378,770 343,997
Depreciation and Amortization 147,570 138,181
Rent 3,206,640 3,263,882
Interest 0 0
TOTAL EXPENSES 18,177,648 19,265,859
Income before Provision
for Tax 4,877,010 2,661,340
Provision for Tax 1,357,085 3,926
NET INCOME 3,519,925 2,657,414
STATEMENT OF CHANGES IN
RETAINED EARNING
FOR YEAR ENDING DECEMBER 31, 2014 – 2015
Beginning Retained Earnings 3,659,307 4,046,447
NET INCOME
YEAR-TO-DATE 387,139 2,024,716
ENDING RETAINED
EARNINGS 4,046,446 6,071,163
Statement of Ownership:
Capital Stock –
Guardian Elder Care at Wheeling, LLC, a West Virginia Corporation dba Peterson Rehabilitation Hospital and Geriatric Center is owned 100{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} by its Sole Member Guardian LTC Management Inc., a Pennsylvania Corporation.
The contents of this advertisement along with other reports and admissions, shall be available for public inspection and copying at the office of the West Virginia Health Authority, 100 Dee Drive, Charleston, WV 25311, during normal Business hours 9:00 a.m. to 5:00 p.m., Monday-Friday or inquiries in writing to Brian Rendos, CFO, 8796 Route 219, VSI Brockway, PA 15824.
Int., April 7, 2016
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