ANNUAL FINANCIAL REPORT AS REQUIRED BY THE
WEST VIRGINIA HEALTH CARE FACILITY FINANCIAL DISCLOSURE LAW FOR
Ohio Valley Nursing Home 222 Nicolett Road, Parkersburg, WV 26104 Balance Sheet December 31, 2014
ASSETS
Current Assets
Cash and cash equivalents $ 336,777
Patient accounts receivable 982,292
Inventories 12,119
Prepaid expenses 95,836
Patient trust accounts 16,241
Total current assets 1,443,265
Property and equipment, net 2,100,724
Land held for investments 840,724
Other assets 3,941,476
Total assets $ 8,326,189
LIABILITIES AND STOCKHOLDERáS EQUITY
Current Liabilities
Current maturities, long term debt 140,638
Accounts payable 560,083
Other accrued liabilities 351,372
Patient deposits 16,241
Total current liabilities 1,068,334
Long-term debt, less current maturities 2,998,456
Stockholderás Equity
Common stock 5,000
Additional paid in capital 720,009
Retained earnings 3,534,390
Total stockholderás equity 4,259,399
Total liabilities and stockholderás equity $ 8,326,189
Ohio Valley Nursing Home
Statement of Revenues, Expenses and Changes in
Retained Earnings
Year Ended December 31, 2014
Revenues
Net patient service revenue $ 6,445,793
Other revenue 295,587
Total revenue 6,741,380
Expenses
Salaries and wages 2,506,035
Payroll taxes and employee benefits 657,265
Contract labor and purchased services 528,605
Supplies 309,432
Food 216,002
Repairs and maintenance 55,682
Depreciation and amortization 222,280
Insurance 126,027
Utilities 148,661
Taxes and licenses 298,799
Interest expense 206,580
Loss on partial disposition fo assets 78,592
Other expenses 1,019,359
Total expenses 6,373,319
Net income 368,061
Retained earnings, beginning of year 3,746,466
Distributions (580,137)
Retained earnings, end of year $ 3,534,390
Ohio Valley Health Care, Inc. is a C Corporation, 100{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} owned by Michael A. Miller.
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.
Jul 13