ANNUAL FINANCIAL REPORT AS REQUIRED BY THE
WEST VIRGINIA HEALTH CARE FACILITY FINANCIAL
DISCLOSURE LAW FOR
PWNR, LLC dba Worthington Nursing and Rehabilitation
Center
2675 36th Street, Parkersburg, WV 26104
Balance Sheet
December 31, 2015
ASSETS
Current Assets
Cash and cash equivalents $ (62,957)
Accounts receivable 1,695,422
Security deposists and prepaid rent 170,177
Prepaid expenses .89,939
Total current assets 1,892,581
Property and equipment, net 108,683
Other assets 21,438
Total assets $2,022,702
LIABILITIES AND STOCKHOLDERáS EQUITY
Current Liabilities
Accounts payable and other accrued expenses $1,755,969
Total Liabilities 1,755,969
Equity
Capitol Stock 300,000
Distributions (362,500)
Retained earnings 258,688
Current earnings 70,545
Total stockholderás equity 266,733
Total liabilities and equity $2,022,702
PWNR, LLC dba Worthington Nursing and Rehabilitation
Center
Statement of Revenues, Expenses and Changes in
Retained Earnings
Year Ended December 31, 2015
Revenues
Net patient service revenue $9,538,501
Other revenue (2,438)
Total revenue 9,536,063
Expenses
Salaries and wages 4,235,297
Payroll taxes and employee benefits 941,306
Contract labor and purchased services 529,710
Supplies 633,976
Food 320,775
Repairs and maintenance 60,214
Depreciation and amortization 21,015
Insurance 176,688
Utilities 154,581
Taxes and licenses 562,888
Interest expense 40,158
Other expenses 1,788,910
Total expenses 9,465,518
Net income 70,545
Worthington Nursing & Rehabilitation Center is a Limited
Liability Company.
Ownership percentages are as follows: Batya B. Klein & Kenneth S. Klein – 95{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c};
Paresh Vipani – 4{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}; Binyamin M. Klein – 1{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}.
NOTICE
All other reports, statements and schedules required to be filed with the Director of Health will be available for public inspection and copying at the office of the West Virginia Health Care Cost Review Authority, 100 Dee Drive, Charleston, West Virginia 25311, during regular hours 9:00 a.m. to 5:00 p.m., on any business day.
May 30