Civic Intelligence

Echn Eldercare Services Inc

990 • Fiscal year 2014 • EIN 06-1149193

Oct 01, 2013 to Sep 30, 2014 • Filed on Aug 14, 2015

26 Shenipsit Lake RoadTolland, CT 06084

(860) 646-1222

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.66x

Higher debt load relative to assets than 80% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

73rd percentile

0.70x

Higher debt load relative to revenue than 73% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

59th percentile

5.7%

Higher net margin than 59% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

29th percentile

-1.2%

Faster asset growth than 29% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Down

$16,278,945

Down $195,666 (-1.2%) from 2013

Net Assets

Up

$5,562,060

Up $765,158 (+16%) from 2013

Liabilities

Down

$10,716,885

Down $960,824 (-8.2%) from 2013

Revenue

Up

$15,333,603

Up $342,592 (+2.3%) from 2013

Expenses

Down

$14,463,043

Down $338,491 (-2.3%) from 2013

Net Income

Up

$870,560

Up $681,083 (+359%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $16,465,900Liabilities 2010: $12,441,110Net Assets 2010: $4,024,7902010Assets 2011: $15,794,829Liabilities 2011: $11,723,509Net Assets 2011: $4,071,3202011Assets 2012: $16,347,809Liabilities 2012: $11,952,619Net Assets 2012: $4,395,1902012Assets 2013: $16,474,611Liabilities 2013: $11,677,709Net Assets 2013: $4,796,9022013Assets 2014: $16,278,945Liabilities 2014: $10,716,885Net Assets 2014: $5,562,0602014Assets 2015: $15,742,934Liabilities 2015: $9,818,962Net Assets 2015: $5,923,9722015Assets 2016: $9,113,759Liabilities 2016: $8,592,131Net Assets 2016: $521,6282016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2014

Assets$16,278,945
Liabilities$10,716,885
Net Assets$5,562,060

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $14,320,3352010Expenses 2011: $14,631,6632011Expenses 2012: $14,763,5532012Revenue 2013: $14,991,011Expenses 2013: $14,801,534Net Income 2013: $189,4772013Revenue 2014: $15,333,603Expenses 2014: $14,463,043Net Income 2014: $870,5602014Revenue 2015: $15,056,463Expenses 2015: $14,699,483Net Income 2015: $356,9802015Revenue 2016: $14,774,646Expenses 2016: $14,440,336Net Income 2016: $334,3102016Revenue 2017: -$3,879,762Expenses 2017: $0Net Income 2017: -$3,879,7622017

Highlighted filing

2014

Revenue$15,333,603
Expenses$14,463,043
Net Income$870,560
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Aug 14, 2015
Return Version
2013v4.0
Gross Receipts
$15,333,603
Mission and Program Overview

Mission

To improve the well being of patients by providing high-quality, compassionate healthcare.

A skilled nursing home and short-term rehabilitation facility.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,672,388$7,264,624▼ $407,764
Investments in Publicly Traded Securities$3,630,706$3,730,288▲ $99,582
Accounts Receivable$1,772,700$1,681,218▼ $91,482
Cash and Non-Interest-Bearing Accounts$887,544$1,363,027▲ $475,483
Investments Other Securities$999,492$1,000,238▲ $746
Intangible Assets$549,482$520,156▼ $29,326
Investments Program Related$181,832$195,587▲ $13,755
Inventories for Sale or Use$38,816$38,849▲ $33
Prepaid Expenses and Deferred Charges$4,671$5,768▲ $1,097
Total Assets$16,474,611$16,278,945▼ $195,666
Other Assets Total$736,980$479,190▼ $257,790
Liabilities
Tax Exempt Bond Liabilities$8,882,308$8,331,661▼ $550,647
Accounts Payable and Accrued Expenses$870,615$1,055,957▲ $185,342
Other Liabilities$1,607,101$1,051,033▼ $556,068
Deferred Revenue$148,245$144,014▼ $4,231
Mortgage Notes Payable Secured by Investment Property$169,440$134,220▼ $35,220
Total Liabilities$11,677,709$10,716,885▼ $960,824
Net Assets / Fund Balance
Unrestricted Net Assets$4,772,427$5,537,374▲ $764,947
Temporarily Rstr Net Assets$24,475$24,686▲ $211
Total Net Assets Fund Balance$4,796,902$5,562,060▲ $765,158
Total Liabilities and Net Assets / Fund Balance$16,474,611$16,278,945▼ $195,666

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,774,161$6,092,147$11,866,308
Equipment$693,739$1,396,057$2,089,796
Land$720,000-$720,000
Other Land Buildings$76,724$19,134$95,858
Other Securities$1,000,238--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Eric KloterChair
Peter J KarlPresident and CEO
David a EngelsonVice Chair
Americo RodriguesTrustee
Joanne-renee IrvinTrustee
Joy DorinTrustee
Katherine MonTrustee
Louise EnglandTrustee
Marianne Lassman FisherTrustee
Richard Bundy JrTrustee
Thomasina ClemonsTrustee
Deborah ParkerEvp, Chief Clinical Officer
Kevin G MurphyEvp, Treasurer (through Oct 2013)
Joyce TichyGeneral Counsel
Robert Carroll MdMed Dir, Emergency Department
Rev Donald MillerSecretary
Michael D VeilletteSVP, Chief Financial Officer
Deborah GogliettinoSVP, Human Resources
Joel Reich MdSVP, Medical Affairs
Dennis McconvilleSVP, Strategic Planning
Kathleen a StavensTreasurer
Charles CovinVP and CIO (through Nov 2013)
Leona CrosskeyVP, Quality

Highest Paid Contractors

ContractorServicesLocationCompensation
Genesis Eldercare RehabilitationRehabilitation Services-$879,248
Revenue and Support

Revenue Composition

Contributions and Grants
$6,324
Program Service Revenue
$15,101,499
Investment Income
$197,917
Other Revenue
$27,863
All Other Contributions
$6,324
Change in Net Assets
$870,560
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,457,048
Other Expenses$5,005,995
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,692,256$803,376-$7,495,632
Other Employee Benefits$1,110,215$133,276-$1,243,491
Occupancy$616,293--$616,293
Depreciation Depletion$557,532--$557,532
Pension Plan Contributions$479,172$57,522-$536,694
Interest$431,847--$431,847
Other Expenses$386,003--$386,003
All Other Expenses$342,179--$342,179
Office Expenses-$321,807-$321,807
Payroll Taxes$161,807$19,424-$181,231
Fees for Services Other$100,269--$100,269
Fees for Services Accounting-$30,996-$30,996
Fees for Services Legal-$5,024-$5,024
Fees for Service Investment Mgmnt Fees-$4,666-$4,666
Conferences and Meetings-$1,515-$1,515
Travel-$311-$311
Total Functional Expenses$13,085,126$1,377,917$0$14,463,043
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Estimated Self Insurance Liabilities$493,923
Due to Third Party Payers$248,895
Other Liabilities$222,699
Due to Affiliates$60,602
Agency Funds$24,914

Bond Issues

BondIssuerIssuedIssue PricePurpose
A06-08061862005-11-09$37,579,404Advance refund and defease a portion of the series 2000a conds (c)
C06-08061862010-12-21$20,145,000Redeem prior issue and fund interest rate swap termination payments
B06-08061862009-05-14$15,250,000Woodlake expansion, equipment purchase, refunding prior issue (ser d)

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$37,579,404$1,536,052-$632,013
C$20,145,000--$402,900
B$15,250,000--$305,000

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Echn is the sole member of the organization.

Form 990, Part VI, Section A, Line 7A

Echn has the authority to elect trustees and officers and appoint committee members.

Form 990, Part VI, Section A, Line 7B

Echn has various powers including but not limited to: approving all operating and capital budgets, controlling the investment of funds, location of services, agreements and transactions, affiliations, changes, amendments, or restatements of certificates of incorporation and bylaws, adopting a system-wide vision and strategic plans, and approving debt borrowings.

Form 990, Part VI, Section B, Line 11

Proir to the filing of the form 990, the following steps are taken: 1) the accounting manager, together with other members of the finance department, conduct a review of the 990 along with a review and reconcilation of the 990 to the audited financial statements; 2) the accounting manager conducts an extensive review and discussion of the 990 with the cpa firm that prepares the return; 3) an electronic copy of the 990 is made available to the audit and corporate compliance committee of the board of trustees (the governing board), and senior management of the organization, for review.

Form 990, Part VI, Section B, Line 12C

The policy is reviewed annually.

Form 990, Part VI, Section B, Line 15

The compensation committee takes the following steps with an independent compensation consultant (1) reviews data related to current market values consistent for organization's executives by review of compensation levels and plans consistent with hospitals and health systems of comparable size and location; (2) completes a review of data on current and future plans for the organization, including structure and job descriptions; (3) reviews and approves and recommends salary ranges for each position, along with related benefits; (4) reviews and approves a tiered executive structure with appropriate incentive opportunity, benefits, and compensation. The last compensation review occurred 12/18/2013.

Form 990, Part VI, Section C, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

EIN
06-1149193
Phone
8606461222

Signing Officer

Name
Michael D Veillette
Title
Chief Finanical Officer
Phone
8606461222
Signed
2015-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter J Karl
Formed
1985
Legal Domicile
Ct
Voting Board Members
13
Independent Board Members
11
Employees
303
Volunteers
32

Preparer

Preparer
Beth a Thurz
Phone
8606789200
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Net transfer from/(to) affiliates 7,130. Temporarily restricted investment income 2,038.

FORM 990, PART XI, LINE 2C:

The echn audit committee assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. There have been no changes in these processes since the prior year.

Financial Statement Notes

PART X, LINE 2:

The network accounts for uncertain tax postitions in accordance with provisions of fasb asc 740, "income taxes" which provides a framework for how companies should recognize, measure, present and disclose uncertain tax positions in their consolidated financial statements. The network may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The network does not have any uncertain tax positions as of september 30, 2014 and 2013. As of september 30,2014 and 2013, the network did not record any penalties or interest associated with uncertain tax positions. Generally, the network's prior three tax years are open and subject to examination by the internal revenue service.

Raw XML AppendixShowing 400 of 1,090 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0ECHN ELDERCARE SERVICES, INC., DOING BUSINESS AS WOODLAKE AT TOLLAND REHABILITATION AND NURSING CENTER, IS A NOT-FOR-PROFIT, SKILLED NURSING FACILITY WITH 130 LICENSED BEDS AND PHYSICAL, OCCUPATIONAL, AND SPEECH REHABILITATION SERVICES LOCATED IN TOLLAND, CT. WOODLAKE IS A SUBSIDIARY OF EASTERN CONNECTICUT HEALTH NETWORK, INC., WHICH WAS FORMED IN 1995 BY A MERGER OF MMH CORP. AND ROCKVILLE AREA HEALTH SERVICES, INC. ECHN WAS ORGANIZED TO PROVIDE A BROADER HEALTH CARE SYSTEM FOR THE SURROUNDING COMMUNITIES WITH QUALITY MEDICAL CARE AT A REASONABLE COST AND TO FOSTER AN ENVIRONMENT CONDUCIVE TO HEALTH AND WELL BEING WHETHER IN THE HOME OR IN THE COMMUNITY.WOODLAKE PROVIDES LONG TERM NURSING HOME CARE. WHAT MAKES WOODLAKE AT TOLLAND SO SPECIAL IS ITS COMMITMENT TO IMPROVING THE QUALITY OF LIFE FOR ITS RESIDENTS. WOODLAKE STAFF FIRMLY BELIEVES THAT RESIDENTS HAVE EVERY RIGHT TO BE TREATED WITH RESPECT AND DIGNITY.WOODLAKE AT TOLLAND ALSO OFFERS A COMPREHENSIVE SHORT-TERM REHABILITATION PROGRAM DESIGNED TO HELP PEOPLE GET BACK ON THEIR FEET FOLLOWING A SERIOUS ILLNESS OR INJURY. THE PHYSICAL, OCCUPATIONAL, SPEECH AND RESPIRATORY THERAPIES PROVIDE JOINT REPLACEMENT REHABILITATION, ORTHOPEDIC POST-HOSPITAL CARE, STROKE AND NEUROLOGICAL REHABILITATION, POST-MEDICAL/SURGICAL RECONDITIONING, ADAPTIVE EQUIPMENT, PRE-DISCHARGE HOME EVALUATIONS, PATIENT AND FAMILY INSTRUCTION, AND PERSONALIZED, PROGRESSIVE AND INTERDISCIPLINARY CARE PLANS.WOODLAKE'S SHORT-TERM REHABILITATION SERVICE PROMOTES INDEPENDENCE, WITH THE GOAL OF A QUICK RETURN TO HOME AFTER REHABILITATION FROM THE BROAD RANGE OF SURGICAL PROCEDURES, STROKE, AMPUTATION, INJURIES AND ILLNESS. CARE IS PROVIDED TO THOSE WHO HAVE HAD JOINT REPLACEMENTS, MAINLY TOTAL KNEES AND HIPS, AS WELL AS PEOPLE RECOVERING FROM STROKES, FRACTURES AND PNEUMONIA. FOR LONG-TERM WOODLAKE RESIDENTS, REHABILITATION SERVICES OFFER RELIEF FROM PAIN, BETTER MOBILITY, AND RECOVERY FROM DISABLING CONDITIONS SUCH AS A HEART ATTACK OR STROKE. DURING FY 2014, WOODLAKE PROVIDED LONG-TERM CARE AND SHORT-TERM IN-PATIENT REHABILITATION TO 447 (ADMISSIONS) RESIDENTS REPRESENTING 45,663 RESIDENT CARE DAYS. THE RESIDENT CARE DAYS FELL INTO THE FOLLOWING GROUPS:MEDICARE 10,172MEDICAID 26,610PRIVATE PAY 7,507COMMERICAL INSURANCE 1,374WOODLAKE PROVIDED APPROXIMATELY 22,877 PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY REHABILITATION SESSIONS DURING FY14. EXPENSES RELATED TO SERVICES PERFORMED FOR PATIENTS AT WOODLAKE CONTRIBUTE IMPORTANTLY TO ITS EXEMPT PURPOSE BECAUSE THE EXPENSES ARE INCURRED IN THE DIAGNOSIS, CURE, MITIGATION, TREATMENT AND PREVENTION OF DISEASE, AND FOR MEDICAL PURPOSES AFFECTING THE STRUCTURE OF FUNCTION OF THE HUMAN BODY.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
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IRS990/Form990PartVIISectionAGrp/PersonNm2REV DONALD MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm3KATHLEEN A STAVENS
IRS990/Form990PartVIISectionAGrp/PersonNm4RICHARD BUNDY JR
IRS990/Form990PartVIISectionAGrp/PersonNm5LOUISE ENGLAND
IRS990/Form990PartVIISectionAGrp/PersonNm6MARIANNE LASSMAN FISHER
IRS990/Form990PartVIISectionAGrp/PersonNm7JOANNE-RENEE IRVIN
IRS990/Form990PartVIISectionAGrp/PersonNm8KATHERINE MON
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IRS990/Form990PartVIISectionAGrp/PersonNm10THOMASINA CLEMONS
IRS990/Form990PartVIISectionAGrp/PersonNm11JOY DORIN
IRS990/Form990PartVIISectionAGrp/PersonNm12AMERICO RODRIGUES
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IRS990/Form990PartVIISectionAGrp/PersonNm18JOEL REICH MD
IRS990/Form990PartVIISectionAGrp/PersonNm19CHARLES COVIN
IRS990/Form990PartVIISectionAGrp/PersonNm20LEONA CROSSKEY
IRS990/Form990PartVIISectionAGrp/PersonNm21ROBERT CARROLL MD
IRS990/Form990PartVIISectionAGrp/PersonNm22JOYCE TICHY
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT AND CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt14SVP, CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15SVP, HUMAN RESOURCES
IRS990/Form990PartVIISectionAGrp/TitleTxt16SVP, STRATEGIC PLANNING
IRS990/Form990PartVIISectionAGrp/TitleTxt17EVP, CHIEF CLINICAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt18SVP, MEDICAL AFFAIRS
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IRS990/Form990PartVIISectionAGrp/TitleTxt20VP, QUALITY
IRS990/Form990PartVIISectionAGrp/TitleTxt21MED DIR, EMERGENCY DEPARTMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt22GENERAL COUNSEL
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