WHEELING RENAL CARE, LLC
dba Wheeling Dialysis Center
BALANCE SHEET
SEPTEMBER 30, 2015
ASSETS
CURRENT ASSETS
Cash & cash equivalents $2,077,681
Accounts receivable 1,674,840
Inventory 124,761
Prepaids 171,622 Other Receivable 399
$4,049,303
FIXED ASSETS
Property,
plant and equipment 720,780
$4,770,083
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Accounts payable $222,334
Other current liabilities 442,529
664,863
EQUITY
Members’ equity 4,105,220
$4,770,083
WHEELING RENAL CARE, LLC
dba Wheeling Dialysis Facility
STATEMENT OF INCOME
FOR THE YEAR ENDED SEPTEMBER 30, 2015
REVENUE
Patient revenue $5,187,817
Other revenue 5,715
Loss on disposal (63)
5,193,469
OPERATING EXPENSES
Direct care salary and
wages 1,119,581
Direct care payroll taxes
and benefits 300,052
Medical expenses 1,027,151 Other medical expenses 310,959
Facility expenses 583,496
3,341,239
OTHER EXPENSE
Depreciation 62,424
62,424
NET INCOME $1,789,806
WHEELING RENAL CARE, LLC
dba Wheeling Dialysis Center
STATEMENT OF MEMBERS’ EQUITY
FOR THE YEAR ENDED SEPTEMBER 30, 2015
TOTAL MEMBER A MEMBER B
Balance,
Sept. 30, 2014 $3,596,863 $1,798,431 $1,798,432
Net Income 3,381,883 1,690,942 1,690,941
Less
Distributions (2,873,526) (1,436,763) (1,436,763)
Balance,
Sept. 30, 2015 $4,105,220 $2,052,610 $2,052,610
WHEELING RENAL CARE, LLC
dba Wheeling Dialysis Center
STATEMENT OF OWNERSHIP
Wheeling Renal Care, LLC, is a limited liability company with a life of 50 + years. The balance sheet and statement of member equity include the assets and liabilities and equity of all of the dialysis facilities. The statement of income presented is that of the Wheeling Dialysis Center only.
The company is engaged in providing dialysis treatment and training and supplies to patients with end-stage renal failure. The Company operates a dialysis center and home training program at Medical Park, Wheeling, West Virginia, New Martinsville, West Virginia, Belmont County, Ohio.
The Company has two owner members, Wheeling Hospital, Inc. and LDK Associates, LLC. Cash distributions were $1,436,763 and $1,436,763 respectively, for a total of $2,873,526 during the year ended September 30, 2015.
Detailed financial statements are available for copying and public inspection at the Health Care Authority, 100 Dee Drive, Suite 201, Charleston, WV 25311.
Int., Dec. 31, 2015
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