Hampshire

POTOMAC HIGHLANDS MENTAL HEALTH GUILD, INC.

Pursuant to the disclosure requirements of the West Virginia Health Care Financial Disclosure Act, the following information is hereby presented for Potomac Highlands Mental Health Guild, Inc:

STATEMENTS OF ACTIVITIES
Years Ended June 30, 2015 and 2014

2015    2014
Revenue and support
Net patient service revenue    $  8,726,147    $  8,526,442
Support from state and federal programs    1,512,846    1,315,367
Other        198,338    136,953
—————-    —————

Total revenue and support    10,437,331    9,978,762
—————-    —————

Expenses
Salaries and wages    2,842,379    2,783,105
Employee benefits    721,307    703,467
Supplies    81,703    60,320
Contractual and professional     5,446,478    5,068,367
Travel        98,544    103,070
Rent and utilities    224,814    241,370
Depreciation and amortization    93,707    84,268
Repairs, maintenance, and small equipment    354,398    227,205
Insurance    94,046    100,235
Bad debt expense    35,536    36,930
Taxes and licenses    432,762    418,454
Other        150,379    151,182
—————-    —————
Total expenses    10,576,053    9,977,973
—————-    —————
CHANGE IN UNRESTRICTED
NET ASSETS    (138,722)    789
—————    —————
Net assets – unrestricted, beginning of year    1,390,157    1,389,368
Net assets – unrestricted, end of year    $ 1,251,435    $  1,390,157
—————-    —————
—————-    —————

STATEMENTS OF FINANCIAL POSITION
June 30, 2015 and 2014

2015    2014
ASSETS
Current assets
Cash and cash equivalents    $  350,255    $  788,315
Patient receivables, less allowance for
doubtful accounts:
2015, $33,155 and 2014, $29,941    939,392    833,648
Contract services receivable    276,209    84,161
Other current assets    67,718    55,536
—————    ————–

Total current assets    1,633,574    1,761,660
—————    ————–
Property and equipment
Land and land improvements    192,577    210,577
Buildings and improvements    1,034,549    1,192,957
Furniture and equipment    542,368    490,734
Vehicles        253,832    249,074
—————-    —————
2,023,326    2,143,342

Less accumulated depreciation    1,310,359    1,427,243
—————-    —————
Total property and equipment    712,967    716,099
—————-    —————

Other assets        123,377    106,404
—————-    —————
$  2,469,918    $ 2,584,163
—————-    —————
—————-    —————

LIABILITIES AND NET ASSETS
Current liabilities
Accounts payable and accrued
payroll expenses         $  1,114,815    $  1,118,248        Accrued annual leave    78,668    75,758
Refundable advances    25,000    –
—————    ————–
Total current liabilities    1,218,483    1,194,006

Net assets – unrestricted    1,251,435    1,390,157
—————    ————–                        $  2,469,918    $ 2,584,163
—————-    —————
—————-    —————
The Potomac Highlands Guild Inc. is a non-profit, private agency holding an IRS 501(c)(3) tax exempt status. Details relating to the above information are available for copying and public inspection at the Health Care Authority, 100 Dee Drive, Suite 201, Charleston, WV 25311. Information is also available at the Guild administrative offices located at 7 Mountain View St., Petersburg, WV 26847.

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