Civic Intelligence

Ech Legacy Inc.

990 • Fiscal year 2014 • EIN 25-0461835

Jul 01, 2013 to Jun 30, 2014 • Filed on May 07, 2015

724 Pershing Street16117

(724) 752-6819

Siviq Scores

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

Liabilities / Assets

51st percentile

0.33x

Higher debt load relative to assets than 51% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

56th percentile

0.52x

Higher debt load relative to revenue than 56% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Net Margin

20th percentile

-2.7%

Higher net margin than 20% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

26th percentile

$212,980

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Asset Growth

32nd percentile

1.4%

Faster asset growth than 32% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M 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

Up

$51,113,496

Up $719,873 (+1.4%) from 2013

Net Assets

Up

$34,334,464

Up $661,640 (+2.0%) from 2013

Liabilities

Up

$16,779,032

Up $58,233 (+0.3%) from 2013

Revenue

$32,053,770

No earlier filing loaded for comparison.

Expenses

Up

$32,930,743

Up $1,346,683 (+4.3%) from 2013

Net Income

-$876,973

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $47,776,102Liabilities 2011: $14,595,592Net Assets 2011: $33,180,5102011Assets 2012: $49,050,408Liabilities 2012: $20,023,737Net Assets 2012: $29,026,6712012Assets 2013: $50,393,623Liabilities 2013: $16,720,799Net Assets 2013: $33,672,8242013Assets 2014: $51,113,496Liabilities 2014: $16,779,032Net Assets 2014: $34,334,4642014Assets 2015: $49,555,251Liabilities 2015: $19,124,280Net Assets 2015: $30,430,9712015Assets 2016: $43,909,862Liabilities 2016: $21,377,091Net Assets 2016: $22,532,7712016Assets 2017: $37,258,551Liabilities 2017: $19,594,373Net Assets 2017: $17,664,1782017Assets 2019: $4,503,460Liabilities 2019: $1,451,329Net Assets 2019: $3,052,1312019Assets 2020: $4,177,893Liabilities 2020: $1,351,835Net Assets 2020: $2,826,0582020Assets 2022: $3,869,232Liabilities 2022: $1,183,503Net Assets 2022: $2,685,7292022Assets 2025: $4,007,772Liabilities 2025: $52,418Net Assets 2025: $3,955,3542025

Highlighted filing

2014

Assets$51,113,496
Liabilities$16,779,032
Net Assets$34,334,464

Operations Trend

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

$40M$30M$20M$10M$0-$10MExpenses 2011: $32,962,7572011Expenses 2012: $33,328,0752012Expenses 2013: $31,584,0602013Revenue 2014: $32,053,770Expenses 2014: $32,930,743Net Income 2014: -$876,9732014Revenue 2015: $29,670,197Expenses 2015: $28,618,529Net Income 2015: $1,051,6682015Revenue 2016: $30,061,340Expenses 2016: $29,569,010Net Income 2016: $492,3302016Revenue 2017: $30,107,874Expenses 2017: $29,574,649Net Income 2017: $533,2252017Revenue 2019: $26,579Expenses 2019: $870,289Net Income 2019: -$843,7102019Revenue 2020: $24,116Expenses 2020: $250,189Net Income 2020: -$226,0732020Revenue 2022: $2,096Expenses 2022: $61,709Net Income 2022: -$59,6132022Revenue 2025: $178,495Expenses 2025: $49,901Net Income 2025: $128,5942025

Highlighted filing

2014

Revenue$32,053,770
Expenses$32,930,743
Net Income-$876,973
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 7, 2015
Return Version
2013v4.0
Gross Receipts
$32,237,668
Mission and Program Overview

Mission

On october 31, 2017, the assets of ellwood city hospital were purchased by ellwood medical center operations, llc. The ellwood city hospital changed its name to ech legacy, inc. As it dissolves itself. Ech legacy is working to dissolve the remaining assets and liabilities of the hospital.

The ellwood city hospital is an acute care general hospital consisting of 60 acute care and swing beds and 10 behavioral health beds. The hospital provides inpatient, outpatient, home health care and emergency room services to the tri-county area of lawrence, butler, and beaver counties. The objectives of this corporation shall be to maintain, support, and manage, within a 100 mile radius of the boro of ellwood city, pa, a general hospital, home health services, mobile services, pharmacy services and wellness services, for diagnostic and treatment services to all patients throughout the range from preventive services through rehabilitation without regard to race, ancestry, religion, or ability to pay.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,229,710$9,343,311▲ $113,601
Prepaid Expenses and Deferred Charges$2,964,124$2,990,587▲ $26,463
Accounts Receivable$3,813,469$2,811,784▼ $1,001,685
Inventories for Sale or Use$672,208$558,669▼ $113,539
Investments in Publicly Traded Securities$31,560,499$361,231▼ $31,199,268
Cash and Non-Interest-Bearing Accounts$227,225$70,790▼ $156,435
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$50,393,623$51,113,496▲ $719,873
Other Assets Total$1,926,388$34,977,124▲ $33,050,736
Liabilities
Other Liabilities$7,988,019$8,497,300▲ $509,281
Tax Exempt Bond Liabilities$4,850,000$4,665,000▼ $185,000
Accounts Payable and Accrued Expenses$3,882,780$3,616,732▼ $266,048
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$16,720,799$16,779,032▲ $58,233
Net Assets / Fund Balance
Unrestricted Net Assets$32,441,557$33,009,820▲ $568,263
Permanently Rstr Net Assets$1,186,825$1,308,696▲ $121,871
Temporarily Rstr Net Assets$44,442$15,948▼ $28,494
Total Net Assets Fund Balance$33,672,824$34,334,464▲ $661,640
Total Liabilities and Net Assets / Fund Balance$50,393,623$51,113,496▲ $719,873

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,601,120$26,543,971$32,145,091
Buildings$3,655,672$8,277,550$11,933,222
Other Land Buildings$31,973$414,399$446,372
Land$54,546-$54,546
Leasehold Improvements$0$0$0
Other Assets Org$133,718--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$28,861,522$0▲ $39,151$28,539,435$361,231
2012$27,270,504$0▲ $2,911,763$307,993$28,861,522
2011$27,356,058$0▲ $640,046$713,625$27,270,504
2010$21,799,942$1,483,696▲ $4,550,794$467,173$27,356,058
2009$19,607,056$102,947▲ $2,134,214$0$21,799,942
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carolyn IzzoPresident/CEOFT$196,110$16,870$212,980
Christopher M LittleCFOFT$190,378$16,051$206,429
Kristi B GarmaDirector of Rehab Svcs/business DevelopmntPT$108,555$3,077$111,632

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Advanced AnesthesiaAnesthesia Services-$1,478,503
Pharmacy Systems INCMedical Services-$596,895
Labcorp Of AmericaLab Testing Services-$225,939
Transcend Services INCTranscription Services-$181,006
Paris Healthcare Linen ServicesLaundry Services-$160,285
Revenue and Support

Revenue Composition

Contributions and Grants
$2,842,988
Program Service Revenue
$28,290,407
Investment Income
$18,630
Other Revenue
$901,745
All Other Contributions
$28,557
Change in Net Assets
$-876,973

Audited Revenue Reconciliation

Revenue per Audited Statements
$32,167,351
Revenue Not Reported on Financial Statements
$-113,581
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-113,581
Total Revenue per Audited Statements
$32,167,351
Total Revenue per Form 990
$32,053,770
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$19,555,737
Other Expenses$13,375,006
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$12,355,130$3,093,641$0$15,448,771
Office Expenses$4,076,000$653,774$0$4,729,774
Other Employee Benefits$1,656,616$467,251$0$2,123,867
Depreciation Depletion$0$1,498,444$0$1,498,444
Payroll Taxes$930,006$251,699$0$1,181,705
Occupancy$2,347$796,835$0$799,182
Insurance$0$538,417$0$538,417
Current Officers, Directors, Trustees, and Key Employees$0$417,479$0$417,479
Pension Plan Contributions$338,219$45,696$0$383,915
Fees for Services Accounting$0$165,738$0$165,738
Other Expenses$0$114,949$0$114,949
All Other Expenses$21,067$79,753$0$100,820
Travel$80,142$6,252$0$86,394
Advertising$5,279$26,232$0$31,511
Interest$16,851$4,709$0$21,560
Fees for Services Legal$0$18,452$0$18,452
Conferences and Meetings$742$5,707$0$6,449
Total Functional Expenses$23,944,767$8,985,976$0$32,930,743

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$33,048,469
Total Expenses per Audited Statements$33,048,469
Total Expenses per Form 990$32,930,743
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-117,726
Other Expense Adjustments$-117,726
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$35,456
Fundraising Direct Expenses$20,392
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$30,019$7,295$1,558$5,737
Total Events$30,019$7,295$10,274$-2,979
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Minimum Pension Liability$7,530,649
Toshiba Capital Lease$365,502
Malpractice Insurance Claims$302,707
Olympus Capital Lease$297,488
Due to Subsidiaries$954

Bond Issues

BondIssuerIssuedIssue PricePurpose
A23-28998012006-06-29$5,975,000Capital purchases and improvements

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$6,165,010$0$1,310,000$105,716

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
Yes
Gross proceeds invested in GIC
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
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The ellwood city hospital prepares its form 990 in draft form. It is reviewed by management of the organization for final approval. Management then distributes the completed form 990 and accompanying schedules to all members of the board for review prior to filing.

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

The ellwood city hospital annually requires its board members, officers, and key employees to fill out a conflict of interest form during board meetings. If an interested party has a conflict, he or she recuses themselves from voting.

Form 990, Part VI, Section B, Line 15

The ellwood city hospital's board of directors annually reviews and approves the compensation of their organization's top management with the input of an independent consultant.

Form 990, Part VI, Section C, Line 19

At this time, the ellwood city hospital does not make its governing documents, conflict of interest policy, and financial statements available to the general public since it is not required to do so under current laws.

Filing and Contact Details

Filer

EIN
25-0461835
Phone
7247526819

Signing Officer

Name
Christopher Little
Title
Vice President, CFO
Phone
7247526749
Signed
2015-05-07

Organization Details

Principal Officer
Christopher M Little
Formed
1913
Legal Domicile
Pa
Voting Board Members
16
Independent Board Members
15
Employees
531
Volunteers
91
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

The hospital opened a wound care center in january 2014. Wound care provides various wound care treatments including hyperbaric oxygen therapy.

Form 990, Part III, Line 3

The hospital ceased obstetric and nursery operations effective november 1, 2013.

Form 990, Part XI, Line 9

Other changes in net assets are comprised of liability for pension benefits (426,532), change in net unrealized gain/loss $123,700, change in net realized gain/loss ($3,270), net assets released from restrictions ($31,197), loss from subsidiary operations ($849,390), and change in foundation value $2,725,302.

Financial Statement Notes

Schedule D, Part V, Line 4

The endowment assets are to be invested so that long-range goals of the organization are met. The organization believes it is important to preserve capital and its purchasing power. Further, the endowment assets' principal should increase in value to provide the necessary base for the generation of income for current and future organization needs.

Schedule D, Part X, Line 2

Note 2 summary of significant accounting policies. The organization has adopted the standard for acounting for uncertainty in income taxes. The standard clarifies the accounting for uncertainty in income taxes by prescribing the recognition threshold a tax position is required to meet before being recognized in the financial statements. It also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition.

Schedule D, Part XI, Line 4B

Rental expenses associated with physician rent already deducted from rental income.

Schedule D, Part XII, Line 4B

Rental expenses associated with physician rent already deducted from rental income.

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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/ActivityOrMissionDesc0THE ELLWOOD CITY HOSPITAL IS AN ACUTE CARE GENERAL HOSPITAL CONSISTING OF 60 ACUTE CARE AND SWING BEDS AND 10 BEHAVIORAL HEALTH BEDS. THE HOSPITAL PROVIDES INPATIENT, OUTPATIENT, HOME HEALTH CARE AND EMERGENCY ROOM SERVICES TO THE TRI-COUNTY AREA OF LAWRENCE, BUTLER, AND BEAVER COUNTIES. THE OBJECTIVES OF THIS CORPORATION SHALL BE TO MAINTAIN, SUPPORT, AND MANAGE, WITHIN A 100 MILE RADIUS OF THE BORO OF ELLWOOD CITY, PA, A GENERAL HOSPITAL, HOME HEALTH SERVICES, MOBILE SERVICES, PHARMACY SERVICES AND WELLNESS SERVICES, FOR DIAGNOSTIC AND TREATMENT SERVICES TO ALL PATIENTS THROUGHOUT THE RANGE FROM PREVENTIVE SERVICES THROUGH REHABILITATION WITHOUT REGARD TO RACE, ANCESTRY, RELIGION, OR ABILITY TO PAY.
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IRS990/Desc0FROM JULY 1, 2013 TO JUNE 30, 2014, THE HOSPITAL PROVIDED INPATIENT SERVICES TO 1,896 PATIENTS ACCUMULATING 11,434 DAYS OF PATIENT CARE. IN ADDITION TO INPATIENT AND SWING BED CARE, THE HOSPITAL PROVIDES 24-HOUR EMERGENCY ROOM SERVICES. DURING THE FISCAL YEAR, THE HOSPITAL HAD EMERGENCY VISITS OF 11,851. THE ELLWOOD CITY HOSPITAL HOME HEALTH AGENCY PROGRAM HAD VISITS OF 19,560. DURING THE FISCAL YEAR, SERVICES ARE PROVIDED TO ALL PATIENTS WITHOUT REGARD TO RACE, COLOR, NATIONAL ORIGIN, ANCESTRY, AGE, RELIGIOUS CREED, OR HANDICAP. THE HOSPITAL MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF CHARITY CARE IT PROVIDES. THESE RECORDS INCLUDE THE AMOUNT OF CHARGES FOR-GONE FOR SERVICES AND SUPPLIES FURNISHED UNDER ITS CHARITY CARE POLICY. DURING THE FISCAL YEAR, THE HOSPITAL PROVIDED UNCOMPENSATED AND CHARITY CARE IN THE AMOUNT OF $33,479,563. IN ADDITION TO CHARITY AND UNCOMPENSATED CARE, SERVICES ARE PROVIDED UNDER THE MEDICAID PROGRAM TO FINANCIALLY NEEDY PATIENTS. THE HOSPITAL ALSO CO-SPONSORS THE ELLWOOD CITY MEALS ON WHEELS PROGRAM BY PROVIDING THE PREPARATION OF FOODS FOR ALL MEALS SERVED. THE ELLWOOD CITY HOSPITAL AND THE ELLWOOD CITY HOSPITAL AUXILIARY ALSO PROVIDE A TECH ALERT SYSTEM FOR THE ELDERLY, YEARLY (AS WELL AS THROUGHOUT THE YEAR) INFORMATIONAL FAIRS, SUCH AS PRENATAL CLASSES, SIBLING CLASSES, BABYSITTING CLASSES, NATIONAL SAFETY BELT/SAFETY WEEK, BREAST CANCER AWARENESS WEEK, PROSTATE SCREENINGS, AND GENERAL HEALTH SCREENINGS TO NAME A FEW. THE HOSPITAL AND AUXILIARY ALSO PARTICIPATE WITH VARIOUS LOCAL, CIVIC, AND SCHOOL GROUPS TO PROVIDE OUTREACH SERVICES TO THE TRI-COUNTY AREA. SUCH PROGRAMS INCLUDE KINDERGARDEN TOURS OF THE HOSPITAL, A VOLUNTEER PROGRAM, AND HTE USE OF THE HOSPITAL AS A CLINICAL SITE FOR AREA NURSING STUDENTS. THE HOSPITAL ALSO ENCOURAGES ITS EMPLOYEES TO BECOME INVOLVED WITH VOLUNTEER SERVICES SUCH AS THE UNITED WAY, THE RED CROSS ANNUAL BLOOD DRIVE, AND VARIOUS COMMUNITY PROJECTS. THE ELLWOOD CITY HOSPITAL, IN COOPERATION WITH HIGHMARK BLUE CROSS BLUE SHIELD, OFFERS A LOW COST COVERAGE PROGRAM CALLED SPECIAL CARE AND THE CARING PROGRAM. SPECIAL CARE IS DESIGNED FOR INDIVIDUALS AND FAMILIES WITH LOW INCOMES WHO ARE INELIGIBLE FOR GOVERNMENT ASSISTANCE AND THE CARING PROGRAM IS FOR CHILDREN OF LOW INCOME FAMILIES.
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Filings

Peer Organizations

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