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, 2016 and 2015
2016 2015
Revenue and support
Net patient service revenue $ 9,126,420 $ 8,726,147
Support from state and federal programs 1,395,538 1,512,846
Other 76,147 198,338
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Total revenue and support 10,598,105 10,437,331
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Expenses
Salaries and wages 2,821,279 2,842,379
Employee benefits 772,001 721,307
Supplies 95,369 81,703
Contractual and professional 5,666,125 5,446,478
Travel 123,186 98,544
Rent and utilities 212,239 224,814
Depreciation and amortization 100,277 93,707
Repairs, maintenance, and small equipment 272,462 354,398
Insurance 106,658 94,046
Bad debt expense 15,189 35,536
Taxes and licenses 454,042 432,762
Other 90,384 150,379
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Total expenses 10,729,211 10,576,053
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CHANGE IN UNRESTRICTED
NET ASSETS (131,106) (138,722)
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Net assets – unrestricted, beginning of year 1,251,435 1,390,157
Net assets – unrestricted, end of year $ 1,120,329 $ 1,251,435
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STATEMENTS OF FINANCIAL POSITION
June 30, 2016 and 2015
2016 2015
ASSETS
Current assets
Cash and cash equivalents $ 204,844 $ 350,255
Patient receivables, less allowance for
doubtful accounts:
2016, $72,018 and 2015, $33,155 1,056,729 939,392
Contract services receivable 185,272 276,209
Other current assets 69,178 67,718
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Total current assets 1,516,023 1,633,574
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Property and equipment
Land and land improvements 192,577 192,577
Buildings and improvements 1,038,791 1,034,549
Furniture and equipment 569,572 542,368
Vehicles 237,936 253,832
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2,038,876 2,023,326
Less accumulated depreciation 1,368,002 1,310,359
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Total property and equipment 670,874 712,967
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Other assets 131,923 123,377
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$ 2,318,820 $ 2,469,918
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LIABILITIES AND NET ASSETS
Current liabilities
Accounts payable and accrued
payroll expenses $ 1,104,760 $ 1,114,815 Accrued annual leave 93,731 78,668
Refundable advances – 25,000
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Total current liabilities 1,198,491 1,218,483
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Net assets – unrestricted 1,120,329 1,251,435
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$ 2,318,820 $ 2,469,918
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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.
12-7-1c
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