Source: September 8, 2015 Read More →

Mountain Hospice Balance Sheet

Mountain Hospice, Inc.
Mountain Hospice, Inc. is a non-stock, not-for-profit corporation, which operates as a hospice in Barbour, Grant, Mineral, Pendleton, Pocahontas, Randolph and Tucker Counties, West Virginia. The details concerning the content of this advertisement, together with additional reports, statements and schedules required to be filed, are available for public inspection and copying at the Office of the West Virginia Health Care Cost Review Authority, 100 Dee Drive, Suite 201, Charleston WV 25311.
MOUNTAIN HOSPICE, INC.
BALANCE SHEETS
DECEMBER 31, 2014
ASSETS             2014
Current Assets
Cash and cash equivalents            $     411,780
Patient accounts receivable                775,908
Beneficial interest in foundations (current portion)            542
Prepaid expenses                26,588
Due from employees                1,900
Total current assets                1,216,718
Noncurrent Assets
Beneficial interest in foundations (net of current portion)            17,525
Investments                    2,566,501
Land, property, and equipment (net)                433,656
Total noncurrent assets                3,017,682
TOTAL ASSETS                $     4,234,400
LIABILITIES AND NET ASSETS
Current Liabilities
Accounts payable            $    270,944
Accrued payroll and related taxes and benefits                90,768
Total current liabilities                361,712
Total liabilities                $    361,712
Net Assets
Unrestricted                    3,847,851
Temporarily restricted                18,067
Permanently restricted                6,770
Total net assets                3,872,688
TOTAL LIABILITIES AND NET ASSETS            $     4,234,400
Changes in Unrestricted Net Assets
Unrestricted Revenues and Support
Net patient service revenues            $    5,508,230
Contributions                    57,731
Fundraising Income                12,220
Other income                    13,006
Total unrestricted revenues and support            4,591,187
Expenses and losses
Hospice services            $    4,336,462
Management and general                167,589
Fundraising                    16,324
Total expenses and losses            $    4,520,375
Operating income                70,812
Other income
Investment income (loss)                109,388
Increase in unrestricted net assets            $    180,200
Unrestricted Net Assets
Increase in unrestricted net assets            $    180,200
Temporarily Restricted Net Assets
Change in value of beneficial interest                449        Increase in temporarily restricted net assets                449
Permanently Restricted Net Assets
Contributions – endowment investment                –
Increase in permanently restricted net assets                –
Increase in net assets                180,649
Net assets, beginning of year                3,692,039
Net assets, end of year            $    3,872,688