Civic Intelligence

Presence Ambulatory Services

990 • Fiscal year 2015 • EIN 36-4286236

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 14, 2016

100 North River RoadDes Plaines, IL 60016

(630) 914-2791

Siviq Scores

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

Liabilities / Assets

1st percentile

-0.05x

Higher debt load relative to assets than 1% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

1st percentile

-0.03x

Higher debt load relative to revenue than 1% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

9th percentile

-30%

Higher net margin than 9% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

100th percentile

$2,611,239

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 36.4% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

1st percentile

-83%

Faster asset growth than 1% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

46th percentile

2.3%

Faster revenue growth than 46% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Down

$5,068,126

Down $25,039,331 (-83%) from 2014

Net Assets

Up

$5,310,807

Up $33,073,850 (+119%) from 2014

Liabilities

Down

-$242,681

Down $58,113,181 (-100%) from 2014

Revenue

Up

$7,176,601

Up $161,953 (+2.3%) from 2014

Expenses

Down

$9,306,622

Down $1,259,146 (-12%) from 2014

Net Income

Up

-$2,130,021

Up $1,421,099 (+40%) from 2014

Historical Trend

Balance Sheet Trend

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

$100M$50M$0-$50MAssets 2011: $20,838,566Liabilities 2011: $36,102,397Net Assets 2011: -$15,263,8312011Assets 2012: $26,169,318Liabilities 2012: $45,757,164Net Assets 2012: -$19,587,8462012Assets 2013: $27,706,761Liabilities 2013: $51,917,553Net Assets 2013: -$24,210,7922013Assets 2014: $30,107,457Liabilities 2014: $57,870,500Net Assets 2014: -$27,763,0432014Assets 2015: $5,068,126Liabilities 2015: -$242,681Net Assets 2015: $5,310,8072015Assets 2016: $4,698,172Liabilities 2016: $0Net Assets 2016: $4,698,1722016Assets 2017: $4,304,625Liabilities 2017: $800Net Assets 2017: $4,303,8252017Assets 2019: $1,351,818Liabilities 2019: $60,243Net Assets 2019: $1,291,5752019Assets 2020: $1,481,891Liabilities 2020: $451,318Net Assets 2020: $1,030,5732020Assets 2021: $2,097,973Liabilities 2021: $1,488,537Net Assets 2021: $609,4362021Assets 2022: $789,103Liabilities 2022: $567,948Net Assets 2022: $221,1552022Assets 2023: $400,595Liabilities 2023: $210,993Net Assets 2023: $189,6022023Assets 2024: $539,047Liabilities 2024: $70,022Net Assets 2024: $469,0252024

Highlighted filing

2015

Assets$5,068,126
Liabilities-$242,681
Net Assets$5,310,807

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $9,822,4622011Expenses 2012: $9,345,8962012Revenue 2013: $5,968,558Expenses 2013: $10,591,504Net Income 2013: -$4,622,9462013Revenue 2014: $7,014,648Expenses 2014: $10,565,768Net Income 2014: -$3,551,1202014Revenue 2015: $7,176,601Expenses 2015: $9,306,622Net Income 2015: -$2,130,0212015Revenue 2016: $4,258,117Expenses 2016: $4,870,752Net Income 2016: -$612,6352016Revenue 2017: $5,387,491Expenses 2017: $5,392,131Net Income 2017: -$4,6402017Revenue 2019: $3,533,122Expenses 2019: $5,054,795Net Income 2019: -$1,521,6732019Revenue 2020: $2,560,043Expenses 2020: $3,051,194Net Income 2020: -$491,1512020Revenue 2021: $2,395,648Expenses 2021: $2,592,035Net Income 2021: -$196,3872021Revenue 2022: $1,336,666Expenses 2022: $1,595,610Net Income 2022: -$258,9442022Revenue 2023: $693,685Expenses 2023: $710,962Net Income 2023: -$17,2772023Revenue 2024: $314,696Expenses 2024: $303,454Net Income 2024: $11,2422024

Highlighted filing

2015

Revenue$7,176,601
Expenses$9,306,622
Net Income-$2,130,021
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 14, 2016
Return Version
2015v2.1
Gross Receipts
$7,176,601
Mission and Program Overview

Mission

Our mission as part of a catholic health care system is to further the healing ministry of jesus by continually improving the health and well-being of all people, especially the poor, in the communities we serve.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,979,414$2,126,681▼ $852,733
Accounts Receivable$951,704$751,825▼ $199,879
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
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Cash and Non-Interest-Bearing Accounts$526$-72,674▼ $73,200
Total Assets$30,107,457$5,068,126▼ $25,039,331
Other Assets Total$26,175,813$2,262,294▼ $23,913,519
Liabilities
Other Liabilities$58,155,912$0▼ $58,155,912
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
Tax Exempt Bond Liabilities$0$0→ $0
Accounts Payable and Accrued Expenses$-285,412$-242,681▲ $42,731
Total Liabilities$57,870,500$-242,681▼ $58,113,181
Net Assets / Fund Balance
Unrestricted Net Assets$-27,763,043$5,310,807▲ $33,073,850
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$-27,763,043$5,310,807▲ $33,073,850
Total Liabilities and Net Assets / Fund Balance$30,107,457$5,068,126▼ $25,039,331

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$959,661$-8,091,457$9,051,118
Leasehold Improvements$1,015,023$-59,116$1,074,139
Land$150,000-$150,000
Other Land Buildings$1,997$-13,814$15,811
Buildings$0$0$0
Other Assets Org$-64,532--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Helena PodgorskaHouse PhysicianFT$222,156$47,242$269,398
Anne BurkePhysicianFT$211,108$28,582$239,690
Claudia WeddaburnePhysicianFT$183,328$28,335$211,663
Shital ShahPhysicianFT$196,929$14,467$211,396
Juan P MontoyaHouse PhysicianFT$170,131$30,076$200,207

Board Members and Trustees

NameTitle
Brian DavisDirector
Dean HobsonDirector
Jonathon Maks MdDirector
Leslie SternDirector
Sunil Desai MdDirector
Howard DrenthPres/CEO/director
Julie RoknichAssistant Secretary
Patrick QuinnAssistant Treasurer
Jeannie C FreySecretary
Anthony J FilerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Midwest Imaging ProfessionalsMedical Imaging Serv903 COMMERCE DR, Oak Brook, IL 60523$315,949
Revenue and Support

Revenue Composition

Contributions and Grants
$204,685
Program Service Revenue
$6,232,408
Investment Income
$149,989
Other Revenue
$589,519
Change in Net Assets
$-2,130,021
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,309,588
Salaries, Compensation, and Employee Benefits$3,997,034
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,341,721$0$0$3,341,721
Fees for Services Management$0$1,638,833$0$1,638,833
Depreciation Depletion$1,091,866$0$0$1,091,866
Fees for Services Other$963,216--$963,216
Occupancy$704,474$0$0$704,474
Other Employee Benefits$301,347$0$0$301,347
Payroll Taxes$233,260$0$0$233,260
Interest$222,411$0$0$222,411
Insurance$167,050$0$0$167,050
Pension Plan Contributions$120,706$0$0$120,706
Other Expenses$93,451$0$0$93,451
Office Expenses$60,632$0$0$60,632
All Other Expenses$58,797--$58,797
Travel$2,364$0$0$2,364
Information Technology$1,539$0$0$1,539
Total Functional Expenses$7,667,789$1,638,833$0$9,306,622
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
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Presence Ambulatory Services
EIN
36-4286236
In Care Of
% JAMES H KELLEY
Phone
6309142791
Address
100 NORTH RIVER ROAD, DES PLAINES, IL 60016

Signing Officer

Name
James H Kelley
Title
Treasurer
Phone
6309142791
Signed
2016-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dana Gilbert
Formed
1997
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
1
Employees
0
Volunteers
11

Preparer

Firm
Ernst & Young US Llp
Address
155 N Wacker Drive, Chicago, IL 60606
Preparer
Jacob J Zehnder
Phone
3128792000
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Mission statement/significant activity presence ambulatory services (pas) provides the highest quality medical care supported by full medical service units. Pas is dedicated to easy outpatient surgeries, endoscopy, and minor medical procedures. Form 990, part iii, question 1 mission statement the corporation is part of the presence health system and acts in accordance with the presence health mission, which is as follows: inspired by the healing ministry of jesus christ and as part of presence health, a catholic health system, presence ambulatory services provides healthcare services in a compassionate, holistic manner in the spirit of healing and hope. Form 990, part i, question 5, and part v, question 2 compensation and form w-3 transmittal of wages and tax statement presence ambulatory services (the "corporation") reports 0 employees on form 990, part i, question 5 and form 990, part v, question 2a as it is not required to file form w-3, transmittal of wages and tax statement. The corporations compensation is paid by presence care transformation corporation ("pctc"), which issues the forms w-2 and w-3, and the expense is transferred to the corporation. The compensation amounts reported in this 990 reflect the amount transferred to the corporation from pctc. Form 990, part v, question 1a form 1096 transmittal of u.s. Information returns presence ambulatory services (the "corporation") reports 0 on form 990, part v, question 1a as it is not required to file form 1096, transmittal of u.s. Information returns. All of the corporations accounts payable reportable on form 1096 are paid by presence care transformation corporation ("pctc"), which issues all forms 1099, and the expense is transferred to the corporation. The compensation amounts reported in this 990 reflect the amount transferred to the corporation from pctc. Form 990, part vi, question 6 members or shareholders presence ambulatory services has one member, presence chicago hospitals network. Form 990, part vi, question 7a persons with authority to elect members of the governing body the corporations sole member, presence chicago hospitals network, has the power to appoint members of the governing body, other than ex-officio directors. Form 990, part vi, question 7b decisions of governing body approval by members or shareholders presence rhc corporation (the "member"), through its board of directors, has certain reserve powers with respect to the following. General powers: the member shall provide oversight and support for the activities of the corporation, for the purpose of assuring that all actions of the corporation are consistent with the mission and values of the system; the purposes of the corporation; the ethical and religious directives; the presence health system strategic plan; and best practices. Exclusive powers: in furtherance of the exercise of its general powers, the corporate member shall have the exclusive power to: a) amend or repeal the bylaws of the corporation; b) appoint and remove all officers of the corporation and all of the directors of the corporation, other than any ex-officio directors. C) approve capital and operating budgets, and long-term capital equipment plans for the corporation; d) approve unbudgeted expenditures in excess of the limit, established by the corporate member from time to time; e) approve any borrowing or significant incurrence of debt by the corporation in excess of the limit established by the member from time to time, or any sale, purchase, alienation, exchange, significant leases (other than in the ordinary course) or encumbrances of the corporations real property, except those made pursuant to approved budgets. F) approve execution of any deeds, mortgages, bonds, or major equipment leases, except those entered into pursuant to approved budgets. G) approve any other significant and unbudgeted sale, purchase, exchange, lease (other than in the ordinary course) transfer, litigation or legal settlement, benefits packag

Form 990 Part IX Line 11G

Description:fees for servs-other total fees:545068

Form 990 Part IX Line 11G

Description:fees for servs-physician fees total fees:418148

Financial Statement Notes

Schedule D, Part X, Line 2

Fin 48(asc740) footnote presence health recognizes 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. As of december 31, 2015 and 2014, presence health does not have any liabilities for unrecognized tax benefits.

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