Source: September 21, 2016 Read More →

Elkins Mountain Schools

EMS, Inc., DBA The Elkins Mountain Schools is a non-stock, not for profit corporation which operates treatment programs for youth with challenging behavior in Elkins, WV. The youth are provided with shelter, food, clothing, educations and behavioral health services. The details concerning the contents of this advertisement, together with other reports, statements and schedules required to be filed are available for public inspection and copying at the office of the West Virginia Health Care Authority, 100 Dee Drive, Charleston, WV 25311.

EMS, INC
DBA ELKINS MOUNTAIN SCHOOLS
STATEMENT OF FINANCIAL POSITION
June 30, 2016

ASSETS
Current Assets
Cash 972,895
Accounts Receivable, net 714,973
Prepaid Expenses 47,955

Total Current Assets 1,735,823

Property and Equipment, net 2,040,713

Other Assets
Deposits 10,425

Total Other Assets 10,425

Total Assets 3,786,961

LIABILITIES AND NET ASSETS
Current Liabilities
Accounts Payable and Accrued Expense 399,374
Payroll Taxes Payable 19,719
Accrued Payroll 117,535

Total Current Liabilities 536,627

Net Asset
Unrestricted 3,250,334

TOTAL LIABILITIES AND NET ASSETS 3,786,961

STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2016

REVENUES AND SUPPORT
Federal Financial Assistance 118,101
Medicaid service fees 3,059,453
Grants and Contractual Fees 3,628,149
Interest and Other Income 8,402

Total Revenue and Support 6,814,105

EXPENSES
Program Services
Residential Level III Program 3,884,753
Residential Level II Program 942,298
Community Services 229,884
Support Services
Maintenance 474,368
Cafeteria 427,268
Management and General 751,972

Total Expenses 6,710,543

Change in Net Assets 103,562

NET ASSETS AT THE BEGINNING OF YEAR 3,146,772

NET ASSETS AT THE END OF THE YEAR 3,250,334
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