SW RESOURCES, INC.
SW Resources, INC. Statement of Financial Position of December 31, 2014 Assets 2014: Current Assets: Cash Receivable $265,461, Accounts Receivable, Net of Allowance for Doubtful Accounts: $521,652: Inventory: $31,276: Prepaid Expenses: $2,602: Total Current Assets: $820,991: PROPERTY, PLANT, AND EQUIPTMENT Land: $335,937: Buildings: $2,491,555: Furniture, Fixtures, and Equipment: $802,527: $3,630,019: LESS: Accumulated Depreciation: $1,674,976: PROPERTY, PLANT, AND EQUIPMENT-NET $1,955,043: OTHER ASSETS: Deposits: $300: Total Other Assets: $300: Total Assets: $2,776,334. CURRENT LIABILITES: Line of Credit: $-: Current Portion of Long Term Dept.: $42,689: Accounts Payable: $111,179: Tenant Security Deposits: $2,520: Accrued and Withheld Expenses: $86,327: TOTAL CURRENT LIABILITIES: $242,715: LONG TERM LIABILITIES: $393,543: Long Term Debt, Net of Current Portion: $393,543: TOTAL LONG-TERM LIABILITES: $393,545: TOTAL LIABILITES: $636,258: NET ASSETS: Unrestricted, Designated by Board of Directors: $12,000: Undesignated, Available for General Activities: $2,125,028: Temporarily Restricted, $3,048: Permanently Restricted, $-: TOTAL NET ASSETS: 2,140,076: TOTAL LIABILITES AND NET ASSETS: $2,776,334. STATEMENTS OF ACTIVITIES YEAR ENDED DECEMBER 31, 2014. PUBLIC SUPPORT, REVENUES AND OTHER GAINS: Blennerhassett Rehabilitation Center: Unrestricted, $9,638: S/W Industries: Unrestricted, $2,831,001: S/W Graphics: Unrestricted, $307,581: Mail Plus: Unrestricted, $313,358: Contributions: Unrestricted, $121,505: Grants: Unrestricted, $133,867: Temporarily Restricted, $28,038: Total: $161,905: Programs, Service Fee: Unrestricted, $330,007: Interest: Unrestricted, $14: Rental Income: Unrestricted, $30,560: NET ASSETS RELEASED FROM RESTRICTIONS: Satisfaction on Contractual Obligations: Unrestricted, $33,031: Temporarily Restricted, $33,031: TOTAL PUBLIC SUPPORT, REVENUE, AND OTHER GAINS: Unrestricted,$4,210,562: Temporarily Restricted, $4,993: Permanently Restricted, $0: Total: 4,205,569. EXPENSES: Program Services: Unrestricted, 3,627,833: Management and General: Unrestricted, $473,626: TOTAL EXPENSES: Unrestricted, $4,101,459. CHANGE IN NET ASSETS: Unrestricted, $109,103: Temporarily Restricted, $4,993, Permanently Restricted, $0: Total, $104,110: NET ASSETS AT BEGINNING OF THE YEAR, Unrestricted, $2,027,925: Temporarily Restricted, 8,041: Permanently Restricted, $0: Total: 2,035,966. NET ASSETS AT END OF THE YEAR: Unrestricted, $2,137,028: Temporarily Restricted, $3,048: Permanently Restricted, $0: Total: $2,140,076 Statement of Ownership: SW Resources, Inc. is operated as a non-profit West Virginia corporation by a community-based Board of Directors, who serve on a voluntary basis without compensation. The Statements are provided pursuant to the Health Care Facility Disclosure Laws. The details of this ad are available for copying and public inspection at the West Virginia Health Care Authority, 100 Dee Drive, Charleston, WV 25311.
Jul 18