Civic Intelligence

Meriwether Health Properties Inc.

990 • Fiscal year 2019 • EIN 26-1150091

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 14, 2020

P O Box 8Warm Springs, GA 31830

(706) 655-3812

Siviq Scores

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

Liabilities / Assets

28th percentile

0.01x

Higher debt load relative to assets than 28% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

34th percentile

0.03x

Higher debt load relative to revenue than 34% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

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

Source year 2019

Revenue Growth

Score unavailable

No value available

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

Source year 2019

Assets

Up

$1,956,696

Up $276,587 (+16%) from 2011

Net Assets

Up

$1,937,196

Up $257,087 (+15%) from 2011

Liabilities

Up

$19,500

Up $19,500 from 2011

Revenue

$585,363

No earlier filing loaded for comparison.

Expenses

Down

$0

Down $67,099 (-100%) from 2011

Net Income

$585,363

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.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $1,680,109Liabilities 2011: $0Net Assets 2011: $1,680,1092011Assets 2019: $1,956,696Liabilities 2019: $19,500Net Assets 2019: $1,937,1962019Assets 2020: $1,601,297Liabilities 2020: $19,500Net Assets 2020: $1,581,7972020Assets 2021: $3,966,122Liabilities 2021: $19,500Net Assets 2021: $3,946,6222021Assets 2022: $6,054,927Liabilities 2022: $19,500Net Assets 2022: $6,035,4272022

Highlighted filing

2019

Assets$1,956,696
Liabilities$19,500
Net Assets$1,937,196

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $67,0992011Revenue 2019: $585,363Expenses 2019: $0Net Income 2019: $585,3632019Revenue 2020: $0Expenses 2020: $355,399Net Income 2020: -$355,3992020Revenue 2021: $2,364,825Expenses 2021: $0Net Income 2021: $2,364,8252021Revenue 2022: $2,088,805Expenses 2022: $0Net Income 2022: $2,088,8052022

Highlighted filing

2019

Revenue$585,363
Expenses$0
Net Income$585,363
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 14, 2020
Return Version
2019v5.0
Gross Receipts
$585,363
Mission and Program Overview

Mission

The Corporation is organized to provide hospital care, nursing home care and all other types of health care and the making of distributions to organizations that qualify as exempt organizations under 26 U.S.C. Section 501 (c) (3)

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$520,142$520,142→ $0
Land, Buildings, and Equipment, Net$186,000$186,000→ $0
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,371,333$1,956,696▲ $585,363
Other Assets Total$665,191$1,250,554▲ $585,363
Liabilities
Other Liabilities$19,500$19,500→ $0
Total Liabilities$19,500$19,500→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,351,833$1,937,196▲ $585,363
Total Net Assets Fund Balance$1,351,833$1,937,196▲ $585,363
Total Liabilities and Net Assets / Fund Balance$1,371,333$1,956,696▲ $585,363

Asset Categories

AssetBook ValueDepreciationBasis
Land$186,000-$186,000
Other Assets Org$20,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bob PattersonChairman
Alan Thompson MDDirector
Victor LambertDirector
Will Cunningham MDDirector
Jim MabonSecretary/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$585,363
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$585,363

Audited Revenue Reconciliation

Revenue per Audited Statements
$585,363
Revenue Not Reported on Form 990
$57,978
Total Revenue per Audited Statements
$643,341
Total Revenue per Form 990
$585,363
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
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
Due to Affiliated Company$19,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

While the entity does not operate a hospital, it is a majority owner of an llc that operates the hospital and nursing home under the name of warm springs medical center.

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Meriwether county hospital authority serves as the organizer and sole entity owner for meriwether health properties, inc.

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

Meriwether health properties, inc. Is allocated 3 board spots and can appoint board members at its own discretion.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

Meriwether health properties, inc. And the meriwether county hospital authority share a common board.

Form 990, Part VI, Line 11B: Form 990 Review Process

A copy of the return and the related audited financial statements of the operating entity are made available and reviewed to the extent considered necessary at a scheduled board meeting prior to the return being filed.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Members are informed of policies. Annual assertions are obtained.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Meriwether Health Properties Inc
EIN
26-1150091
Phone
7066553812
Address
P O Box 8, Warm Springs, GA 31830

Signing Officer

Name
Bob Patterson
Title
Chairman
Signed
2020-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bob Patterson
Formed
2007
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Cedar Hill CPAs
Address
3155 US Highway 27 Suite 2B, Cataula, GA 31804
Preparer
Brad C Clements
Phone
7065765729
Supplemental Narrative

Additional Explanations

Consolidated Financial Statements

The organization did not prepare a financial statement for the period 1/1/19 - 12/31/19. The audited financial statements for meriwether healthcare, llc are included with this filing.

Description of the Entity

Meriwether health properties owns in excess of 94% of an operating hospital facility as part of a joint venture with a physician's group. Meriwether health properties serves as a member of the operating llc, meriwether healthcare, llc. All operations of the hospital are recorded in the financial records of meriwether healthcare, llc. The 990 reflects meriwether health properties related k-1 income from their joint venture. Please see the included audited financial statements for financial information and a description of operations of meriwether healthcare, llc.

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Minority owner share of profits $57978

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IRS990ScheduleH/HospitalFcltyPoliciesPrctcGrp/FAPAppAvailableOnWebsiteURLTxt0www.warmspringsmc.org
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IRS990ScheduleH/HospitalFcltyPoliciesPrctcGrp/FAPAvailableOnWebsiteURLTxt0www.warmspringsmc.org
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IRS990ScheduleH/HospitalFcltyPoliciesPrctcGrp/TaxExemptHospitalCYOrPYInd0false
IRS990ScheduleH/ManagementCoAndJntVenturesGrp/EntityName/BusinessNameLine1Txt0Meriwether Healthcare LLC
IRS990ScheduleH/ManagementCoAndJntVenturesGrp/OrgProfitOrOwnershipPct00.94705
IRS990ScheduleH/ManagementCoAndJntVenturesGrp/PhysiciansProfitOrOwnershipPct00.05295
IRS990ScheduleH/ManagementCoAndJntVenturesGrp/PrimaryActivitiesTxt0Operation of Hospital
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IRS990ScheduleH/SupplementalInformationDetail/ExplanationTxt0BAD DEBT EXPENSE IS CALCULATED BY MANAGEMENT THROUGH A REVIEW OF OPEN ACCOUNTS ALONG WITH FINANCIAL INFORMATION, IF ANYM PROVIDED BY THE PATIENT. IN THE ABSENCE OF FINANCIAL INFORMATION, THE NORMAL COLLECTION EFFORTS AS LAYED OUT IN THE HOSPITAL'S PUBLISHED POLICIES ARE FOLLOWED. ONCE ALL COLLECTION EFFORTS HAVE BEEN EXHAUSTED, THE AMOUNT IS WRITTEN OFF AS A BAD DEBT.
IRS990ScheduleH/SupplementalInformationDetail/ExplanationTxt1IT IS NOT POSSIBLE TO ESTIMATE THIS AMOUNT DUE TO THE FACT THAT THERE IS NOT FORCED PARTICIPATION IN THE FINANCIAL ASSISTANCE POLICY BY EACH PATIENT. BASED ON THE ECONOMIC CONDITIONS OF THE SURROUNDING COUNTY, MANAGEMENT ESTIMATES THERE WOULD BE A SIGNIFICANT AMOUNT OF PATIENTS THAT WOULD HAVE BEEN ELIGIBLE FOR FINANCIAL ASSISTANCE, BUT THEY REFUSED TO COMPLETE THE PAPERWORK.
IRS990ScheduleH/SupplementalInformationDetail/ExplanationTxt2THE HOSPITAL USES THE ALLOWANCE METHOD TO REPORT THE EXPENSE OF UNCOLLECTIBLE ACCOUNTS. MANAGEMENT PROVIDES FOR PROBABLY UNCOLLECTIBLE AMOUNTS THROUGH A CHARGE TO EARNINGS AND A CREDIT TO A VALUATION ALLOWANCE BASED ON ITS ASSESSMENT OF THE CURRENT STATUS OF INDIVIDUAL ACCOUNTS. BALANCES THAT ARE STILL OUTSTANDING AFTER MANAGEMENT HAS USED REASONABLE COLLECTION EFFORTS ARE WRITTEN OFF THROUGH A CHARGE TO THE VALUATION ALLOWANCE AND A CREDIT TO ACCOUNTS RECEIVABLE.
IRS990ScheduleH/SupplementalInformationDetail/ExplanationTxt3SEE ATTACHED COPY OF FACILITY FINANCIAL ASSISTANCE/BILLING & COLLECTION POLICY
IRS990ScheduleH/SupplementalInformationDetail/ExplanationTxt4PATIENT ACCOUNTS RECEIVABLE - THE HOSPITAL USES THE ALLOWANCE METHOD TO REPORT THE EXPENSE OF UNCOLLECTIBLE ACCOUNTS. MANAGEMENT PROVIDES FOR PROBABLE UNCOLLECTIBLE AMOUNTS THROUGH A CHARGE TO EARNINGS AND A CREDIT TO A VALUATION ALLOWANCE BASED ON ITS ASSESSMENT OF THE CURRENT STATUS OF INDIVIDUAL ACCOUNTS. BALANCES THAT ARE STILL OUTSTANDING AFTER MANAGEMENT HAS USED REASONABLE COLLECTION EFFORTS ARE WRITTEN OFF THROUGH A CHARGE TO THE VALUATION ALLOWANCE AND A CREDIT TO ACCOUNTS RECEIVABLE.
IRS990ScheduleH/SupplementalInformationDetail/FormAndLineReferenceDesc0Part III, Line 2 - Methodology Used To Estimate Bad Debt Expense
IRS990ScheduleH/SupplementalInformationDetail/FormAndLineReferenceDesc1Part III, Line 3 - Methodology of Estimated Amount & Rationale for Including in Community Benefit
IRS990ScheduleH/SupplementalInformationDetail/FormAndLineReferenceDesc2Part III, Line 4 - Bad Debt Expense
IRS990ScheduleH/SupplementalInformationDetail/FormAndLineReferenceDesc3Part III, Line 9b - Provisions On Collection Practices For Qualified Patients
IRS990ScheduleH/SupplementalInformationDetail/FormAndLineReferenceDesc4Part VI - Additional Information
IRS990ScheduleH/SupplementalInformationGrp/ExplanationTxt0INTERVIEWS AND INTERACTIONS WITH STAKEHOLDERS WITHIN THE COMMUNITY.
IRS990ScheduleH/SupplementalInformationGrp/FormAndLineReferenceDesc0Facility: Warm Springs Medical Center - Part V, Section B, Line 5
IRS990ScheduleH/TotalCommunityBenefitsGrp/DirectOffsettingRevenueAmt01947438
IRS990ScheduleH/TotalCommunityBenefitsGrp/TotalCommunityBenefitExpnsAmt0555629
IRS990ScheduleH/TotalFinancialAssistanceTyp/DirectOffsettingRevenueAmt01947438
IRS990ScheduleH/TotalFinancialAssistanceTyp/TotalCommunityBenefitExpnsAmt0555629
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WHILE THE ENTITY DOES NOT OPERATE A HOSPITAL, IT IS A MAJORITY OWNER OF AN LLC THAT OPERATES THE HOSPITAL AND NURSING HOME UNDER THE NAME OF WARM SPRINGS MEDICAL CENTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MERIWETHER COUNTY HOSPITAL AUTHORITY SERVES AS THE ORGANIZER AND SOLE ENTITY OWNER FOR MERIWETHER HEALTH PROPERTIES, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MERIWETHER HEALTH PROPERTIES, INC. IS ALLOCATED 3 BOARD SPOTS AND CAN APPOINT BOARD MEMBERS AT ITS OWN DISCRETION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MERIWETHER HEALTH PROPERTIES, INC. AND THE MERIWETHER COUNTY HOSPITAL AUTHORITY SHARE A COMMON BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF THE RETURN AND THE RELATED AUDITED FINANCIAL STATEMENTS OF THE OPERATING ENTITY ARE MADE AVAILABLE AND REVIEWED TO THE EXTENT CONSIDERED NECESSARY AT A SCHEDULED BOARD MEETING PRIOR TO THE RETURN BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MEMBERS ARE INFORMED OF POLICIES. ANNUAL ASSERTIONS ARE OBTAINED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION DID NOT PREPARE A FINANCIAL STATEMENT FOR THE PERIOD 1/1/19 - 12/31/19. THE AUDITED FINANCIAL STATEMENTS FOR MERIWETHER HEALTHCARE, LLC ARE INCLUDED WITH THIS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8MERIWETHER HEALTH PROPERTIES OWNS IN EXCESS OF 94% OF AN OPERATING HOSPITAL FACILITY AS PART OF A JOINT VENTURE WITH A PHYSICIAN'S GROUP. MERIWETHER HEALTH PROPERTIES SERVES AS A MEMBER OF THE OPERATING LLC, MERIWETHER HEALTHCARE, LLC. ALL OPERATIONS OF THE HOSPITAL ARE RECORDED IN THE FINANCIAL RECORDS OF MERIWETHER HEALTHCARE, LLC. THE 990 REFLECTS MERIWETHER HEALTH PROPERTIES RELATED K-1 INCOME FROM THEIR JOINT VENTURE. PLEASE SEE THE INCLUDED AUDITED FINANCIAL STATEMENTS FOR FINANCIAL INFORMATION AND A DESCRIPTION OF OPERATIONS OF MERIWETHER HEALTHCARE, LLC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7CONSOLIDATED FINANCIAL STATEMENTS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8DESCRIPTION OF THE ENTITY
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