Civic Intelligence

Echn Eldercare Services Inc

990 • Fiscal year 2015 • EIN 06-1149193

Oct 01, 2014 to Sep 30, 2015 • Filed on Aug 15, 2016

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

78th percentile

0.62x

Higher debt load relative to assets than 78% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

72nd percentile

0.65x

Higher debt load relative to revenue than 72% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

48th percentile

2.4%

Higher net margin than 48% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

25th percentile

-3.3%

Faster asset growth than 25% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

33rd percentile

-1.8%

Faster revenue growth than 33% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Down

$15,742,934

Down $536,011 (-3.3%) from 2014

Net Assets

Up

$5,923,972

Up $361,912 (+6.5%) from 2014

Liabilities

Down

$9,818,962

Down $897,923 (-8.4%) from 2014

Revenue

Down

$15,056,463

Down $277,140 (-1.8%) from 2014

Expenses

Up

$14,699,483

Up $236,440 (+1.6%) from 2014

Net Income

Down

$356,980

Down $513,580 (-59%) from 2014

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

2015

Assets$15,742,934
Liabilities$9,818,962
Net Assets$5,923,972

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

2015

Revenue$15,056,463
Expenses$14,699,483
Net Income$356,980
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Aug 15, 2016
Return Version
2014v6.0
Gross Receipts
$15,056,463
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$7,264,624$6,858,867▼ $405,757
Investments in Publicly Traded Securities$3,730,288$3,727,919▼ $2,369
Cash and Non-Interest-Bearing Accounts$1,363,027$1,540,254▲ $177,227
Accounts Receivable$1,681,218$1,509,562▼ $171,656
Investments Other Securities$1,000,238$999,910▼ $328
Intangible Assets$520,156$490,830▼ $29,326
Investments Program Related$195,587$177,536▼ $18,051
Inventories for Sale or Use$38,849$33,849▼ $5,000
Prepaid Expenses and Deferred Charges$5,768$13,938▲ $8,170
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Total Assets$16,278,945$15,742,934▼ $536,011
Other Assets Total$479,190$390,269▼ $88,921
Liabilities
Tax Exempt Bond Liabilities$8,331,661$7,747,343▼ $584,318
Accounts Payable and Accrued Expenses$1,055,957$994,567▼ $61,390
Other Liabilities$1,051,033$807,598▼ $243,435
Deferred Revenue$144,014$172,671▲ $28,657
Mortgage Notes Payable Secured by Investment Property$134,220$96,783▼ $37,437
Total Liabilities$10,716,885$9,818,962▼ $897,923
Net Assets / Fund Balance
Unrestricted Net Assets$5,537,374$5,919,060▲ $381,686
Temporarily Rstr Net Assets$24,686$4,912▼ $19,774
Permanently Rstr Net Assets$0--
Total Net Assets Fund Balance$5,562,060$5,923,972▲ $361,912
Total Liabilities and Net Assets / Fund Balance$16,278,945$15,742,934▼ $536,011

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,437,920$6,474,805$11,912,725
Equipment$673,984$1,491,221$2,165,205
Land$720,000-$720,000
Other Land Buildings$26,963$22,478$49,441
Other Securities$999,910--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-AdministratorFT$137,990$11,582$149,572

Board Members and Trustees

NameTitle
-Chair
-President and CEO
-Vice Chair
-Trustee
-Evp, Chief Clinical Officer (term 5/1/15)
-General Counsel
-Med Dir, Emergency Department
-Secretary
-SVP, Chief Financial Officer
-SVP, Human Resources (term 1/1/15)
-SVP, Medical Affairs
-SVP, Patient Care Services
-SVP, Strategic Planning
-Treasurer
-VP, Quality (term 4/4/15)

Highest Paid Contractors

ContractorServicesLocationCompensation
Genesis Eldercare Rehabilitation ServicesRehabilitation Services101 EAST STATE STREET, Kennett Square, PA 19348$1,051,975
Revenue and Support

Revenue Composition

Contributions and Grants
$4,790
Program Service Revenue
$15,048,796
Investment Income
$2,877
Other Revenue
$0
All Other Contributions
$4,790
Change in Net Assets
$356,980
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,599,452
Other Expenses$5,100,031
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,951,661$652,185-$7,603,846
Other Employee Benefits$1,177,451$110,465-$1,287,916
Occupancy$610,533--$610,533
Payroll Taxes$497,894$46,711-$544,605
Depreciation Depletion$533,693--$533,693
Interest$345,894--$345,894
All Other Expenses$326,534$14,000$0$340,534
Office Expenses-$294,804-$294,804
Pension Plan Contributions$149,097$13,988-$163,085
Fees for Services Other$105,609$0$0$105,609
Fees for Services Accounting-$27,868-$27,868
Other Expenses$358,720$24,848-$24,848
Conferences and Meetings-$5,725-$5,725
Fees for Service Investment Mgmnt Fees-$4,790-$4,790
Fees for Services Legal-$750-$750
Travel-$197-$197
Total Functional Expenses$13,503,152$1,196,331$0$14,699,483
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$279,096
Estimated Settlements Due to Third-party Payers$273,006
Estimated Self Insurance Liabilities$207,196
Agency Funds$31,196
Due to Affiliates$17,104

Bond Issues

BondIssuerIssuedIssue PricePurpose
AState of Connecticut Health & Edl Facs Auth Rev Series C2005-11-09$37,579,404Advance refund and defease a portion of the series 2000a bonds (c)
CState of Connecticut Health & Edl Facs Auth Rev Series E2010-12-21$20,145,000Redeem prior issue and fund interest rate swap termination payments
BState of Connecticut Health & Edl Facs Auth Rev Series D2009-05-14$15,250,000Woodlake expansion, equipment purchase, refunding prior issue (ser d)

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$37,579,404$0$0$632,013
C$20,145,000$1,536,052$0$402,900
B$15,250,000$0$0$305,000

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
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
Yes
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, Line 6 Classes of members or stockholders

Echn is the sole member of the organization.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

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

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

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, Line 11B Review of form 990 by governing body

Prior 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 reconciliation 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, Line 12C Conflict of interest policy

The policy is reviewed annually.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

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 3/19/2015.

Form 990, Part VI, Line 19 Required documents available to the public

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
ECHN Eldercare Services Inc
EIN
06-1149193
Phone
8606461222
Address
26 Shenipsit Lake Road, Tolland, CT 06084

Signing Officer

Name
Michael D Veillette
Title
Chief Financial Officer
Signed
2016-08-15
Discuss with paid preparer
Yes

Organization Details

Formed
1985
Legal Domicile
Ct
Voting Board Members
12
Independent Board Members
11
Employees
311
Volunteers
25

Preparer

Firm
Crowe Horwath Llp
Address
175 POWDER FOREST DRIVE, SIMSBURY, CT 06089
Preparer
Beth a Thurz
Phone
8606789200
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Transfers (to)/from other affiliates, net - 4915;

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

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, 2015 and 2014. The network's policy is to include penalities and interest as a component of income tax expense, when applicable. As of september 30, 2015 and 2014, 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.

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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 2015, WOODLAKE PROVIDED LONG-TERM CARE AND SHORT-TERM IN-PATIENT REHABILITATION TO 493 (ADMISSIONS) RESIDENTS REPRESENTING 44,825 RESIDENT CARE DAYS. THE RESIDENT CARE DAYS FELL INTO THE FOLLOWING GROUPS: MEDICARE..... 9,497 MEDICAID..... 26,722 PRIVATE PAY..... 5,611 COMMERCIAL INSURANCE..... 2,995 WOODLAKE PROVIDED APPROXIMATELY 21,000 HOURS OF PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY REHABILITATION DURING FY15. 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/BusinessName/BusinessNameLine1Txt2DAVID A ENGELSON
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt3REV DONALD MILLER
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt4KATHLEEN A STAVENS
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt5LOUISE C ENGLAND
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt6SUSAN R BRESLAU
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt7RICHARD G BUNDY JR
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt8IRENE QUONG CONLON
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt9MARIANNE LASSMAN FISHER
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt10JOANNE-RENEE IRVIN
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt11AMERICO RODRIGUES
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt12MICHAEL D VEILLETTE
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt13MARY POWERS
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt14DEBORAH R GOGLIETTINO
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt15DENNIS P MCCONVILLE
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt16DEBORAH A PARKER
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt17JOEL REICH MD
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt18LEONA CROSSKEY
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt19ROBERT CARROLL MD
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt20JOYCE A TICHY
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt21KATHERINE E MON
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT AND CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
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IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12SVP, CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt13SVP, PATIENT CARE SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt14SVP, HUMAN RESOURCES (TERM 1/1/15)
IRS990/Form990PartVIISectionAGrp/TitleTxt15SVP, STRATEGIC PLANNING
IRS990/Form990PartVIISectionAGrp/TitleTxt16EVP, CHIEF CLINICAL OFFICER (TERM 5/1/15)
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IRS990/Form990PartVIISectionAGrp/TitleTxt18VP, QUALITY (TERM 4/4/15)
IRS990/Form990PartVIISectionAGrp/TitleTxt19MED DIR, EMERGENCY DEPARTMENT
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