Civic Intelligence

The Meth-Wick Community Inc

990 • Fiscal year 2018 • EIN 42-0838541

Apr 01, 2017 to Mar 31, 2018 • Filed on Feb 11, 2019

1224 13th Street NWCedar Rapids, IA 52405-2404

(319) 365-9171

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.52x

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

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

80th percentile

1.17x

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

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

30th percentile

-0.3%

Higher net margin than 30% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

44th percentile

$228,973

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

55th percentile

3.6%

Faster asset growth than 55% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

50th percentile

4.9%

Faster revenue growth than 50% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Up

$37,185,225

Up $1,287,552 (+3.6%) from 2017

Net Assets

Up

$17,671,403

Up $255,162 (+1.5%) from 2017

Liabilities

Up

$19,513,822

Up $1,032,390 (+5.6%) from 2017

Revenue

Up

$16,626,493

Up $771,624 (+4.9%) from 2017

Expenses

Up

$16,675,760

Up $777,207 (+4.9%) from 2017

Net Income

Down

-$49,267

Down $5,583 (-13%) from 2017

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $30,117,905Liabilities 2010: $19,512,207Net Assets 2010: $10,605,6982010Assets 2011: $29,561,963Liabilities 2011: $18,536,067Net Assets 2011: $11,025,8962011Assets 2012: $29,260,885Liabilities 2012: $17,851,534Net Assets 2012: $11,409,3512012Assets 2013: $28,679,644Liabilities 2013: $16,903,591Net Assets 2013: $11,776,0532013Assets 2014: $29,277,191Liabilities 2014: $16,022,435Net Assets 2014: $13,254,7562014Assets 2015: $32,950,598Liabilities 2015: $16,594,232Net Assets 2015: $16,356,3662015Assets 2016: $33,311,542Liabilities 2016: $16,156,289Net Assets 2016: $17,155,2532016Assets 2017: $35,897,673Liabilities 2017: $18,481,432Net Assets 2017: $17,416,2412017Assets 2018: $37,185,225Liabilities 2018: $19,513,822Net Assets 2018: $17,671,4032018Assets 2019: $37,068,318Liabilities 2019: $19,622,479Net Assets 2019: $17,445,8392019Assets 2020: $35,340,946Liabilities 2020: $18,071,844Net Assets 2020: $17,269,1022020Assets 2021: $36,957,243Liabilities 2021: $16,915,563Net Assets 2021: $20,041,6802021Assets 2022: $36,346,966Liabilities 2022: $16,385,720Net Assets 2022: $19,961,2462022Assets 2023: $33,603,955Liabilities 2023: $15,521,456Net Assets 2023: $18,082,4992023Assets 2024: $36,215,645Liabilities 2024: $16,308,370Net Assets 2024: $19,907,2752024Assets 2025: $34,930,510Liabilities 2025: $14,853,624Net Assets 2025: $20,076,8862025

Highlighted filing

2018

Assets$37,185,225
Liabilities$19,513,822
Net Assets$17,671,403

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $11,612,3312010Expenses 2011: $12,565,8612011Expenses 2012: $13,010,8762012Revenue 2013: $13,556,128Expenses 2013: $13,426,394Net Income 2013: $129,7342013Revenue 2014: $15,021,198Expenses 2014: $13,881,426Net Income 2014: $1,139,7722014Revenue 2015: $17,406,485Expenses 2015: $14,407,575Net Income 2015: $2,998,9102015Revenue 2016: $15,659,268Expenses 2016: $14,625,680Net Income 2016: $1,033,5882016Revenue 2017: $15,854,869Expenses 2017: $15,898,553Net Income 2017: -$43,6842017Revenue 2018: $16,626,493Expenses 2018: $16,675,760Net Income 2018: -$49,2672018Revenue 2019: $17,168,973Expenses 2019: $17,551,594Net Income 2019: -$382,6212019Revenue 2020: $18,905,390Expenses 2020: $18,210,274Net Income 2020: $695,1162020Revenue 2021: $20,345,368Expenses 2021: $19,997,940Net Income 2021: $347,4282021Revenue 2022: $18,595,855Expenses 2022: $18,897,373Net Income 2022: -$301,5182022Revenue 2023: $20,217,824Expenses 2023: $19,799,944Net Income 2023: $417,8802023Revenue 2024: $21,808,400Expenses 2024: $21,176,020Net Income 2024: $632,3802024Revenue 2025: $21,776,957Expenses 2025: $21,765,059Net Income 2025: $11,8982025

Highlighted filing

2018

Revenue$16,626,493
Expenses$16,675,760
Net Income-$49,267
Jump To
Filing Snapshot
Filing Period
Apr 1, 2017 to Mar 31, 2018
Signed
Feb 11, 2019
Return Version
2017v2.3
Gross Receipts
$17,471,589
Mission and Program Overview

Mission

Our mission is to provide a secure and caring living environment to those we serve, allowing them to maintain their dignity and to enrich the quality of their lives as they age.

Continuing care retirement community

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$24,092,296$26,900,195▲ $2,807,899
Investments in Publicly Traded Securities$6,413,764$7,236,064▲ $822,300
Cash and Non-Interest-Bearing Accounts$3,272,652$1,626,972▼ $1,645,680
Accounts Receivable$535,785$614,919▲ $79,134
Pledges and Grants Receivable$759,805$490,479▼ $269,326
Prepaid Expenses and Deferred Charges$201,071$177,995▼ $23,076
Savings and Temporary Cash Investments$622,300$138,601▼ $483,699
Total Assets$35,897,673$37,185,225▲ $1,287,552
Liabilities
Deferred Revenue$11,076,446$14,621,649▲ $3,545,203
Tax Exempt Bond Liabilities$5,433,631$3,319,153▼ $2,114,478
Accounts Payable and Accrued Expenses$1,441,680$1,355,736▼ $85,944
Other Liabilities$529,675$217,284▼ $312,391
Total Liabilities$18,481,432$19,513,822▲ $1,032,390
Net Assets / Fund Balance
Temporarily Rstr Net Assets$8,734,492$8,713,938▼ $20,554
Unrestricted Net Assets$7,715,948$7,991,664▲ $275,716
Permanently Rstr Net Assets$965,801$965,801→ $0
Total Net Assets Fund Balance$17,416,241$17,671,403▲ $255,162
Total Liabilities and Net Assets / Fund Balance$35,897,673$37,185,225▲ $1,287,552

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$24,447,269$43,795,380$68,242,649
Equipment$798,224$4,448,874$5,247,098
Land$1,654,702-$1,654,702

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$5,799,362$389,028▲ $555,319$170,571$6,528,856
2016$5,378,426$81,227▲ $521,968$143,325$5,799,362
2015$5,401,462$267,983▼ $111,942$138,789$5,378,426
2014$5,094,066$121,954▲ $361,670$136,645$5,401,462
2013$4,073,433$767,934▲ $505,594$108,154$5,094,066
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robin MixdorfPresidentFT$167,426$61,547$228,973
Ron JaegerChief Financial OfficerrFT$108,136$35,977$144,113

Board Members and Trustees

NameTitle
Gary ErnstChairperson
Richard JohnsonChairperson
Ruth NebergallVice-chairperson
Arlon BerkhofBoard Member
Brian ScottBoard Member
Dara SchmidtBoard Member
Dr John HerringBoard Member
Erica YoderBoard Member
Erik MadsenBoard Member
James RussellBoard Member
Jan HandlerBoard Member
Laverne FlagelBoard Member
Len HadleyBoard Member
Mary Ann OsbornBoard Member
Mike DulaneyBoard Member
Paul DraperBoard Member
Robert J BuntzBoard Member
Scott OlsonBoard Member
Terri DavisBoard Member
Dianne AustadSecretary
Deborah GertsenTreasurer
Doug AllemangTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Primus ConstructionConstruction Contractor401 8TH AVE SE, Cedar Rapids, IA 52401$3,860,550
Sodexo INCFood Service ProviderPO BOX 360170, Pittsburg, PA 15251$1,891,958
Millennium Rehab & Consulting INCTherapy Provider4725 MERLE HAY ROAD, Des Moines, IA 50322$315,203
Jw Morton And AssociatesAdvertising1924 ST ANDREWS CT NE, Cedar Rapids, IA 52402$209,543
Appleby And Horn Tile CoFlooring Vendor128 31ST ST NE, Cedar Rapids, IA 52402$188,843
Revenue and Support

Revenue Composition

Contributions and Grants
$712,058
Program Service Revenue
$15,576,040
Investment Income
$294,842
Other Revenue
$43,553
All Other Contributions
$712,058
Change in Net Assets
$-49,267

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded4$22,378Fair Value
Cars and Other Vehicles2$14,800Fair Value
Total Noncash Contributions6$37,178-

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,626,493
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$304,429
Total Revenue per Audited Statements
$16,930,922
Total Revenue per Form 990
$16,626,493
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,897,165
Salaries, Compensation, and Employee Benefits$7,778,595
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,380,979$331,688-$5,712,667
Depreciation Depletion$2,840,525$88,826-$2,929,351
Other Employee Benefits$1,066,418$84,859-$1,151,277
Occupancy$874,871$37,375-$912,246
Office Expenses$448,168$84,518-$532,686
Payroll Taxes$397,226$39,884-$437,110
Current Officers, Directors, Trustees, and Key Employees$67,354$269,416-$336,770
Fees for Services Other$274,889$290-$275,179
Insurance$216,502$18,826-$235,328
Advertising$228,951--$228,951
All Other Expenses$140,280$13,508-$153,788
Other Expenses$153,732$2,725-$153,732
Pension Plan Contributions$124,179$16,592-$140,771
Interest$83,883--$83,883
Fees for Services Accounting$9,345$53,288-$62,633
Conferences and Meetings$44,139$14,590-$58,729
Fees for Service Investment Mgmnt Fees-$39,966-$39,966
Travel$22,354$2,843-$25,197
Fees for Services Legal-$9,203-$9,203
Total Functional Expenses$15,254,382$1,421,378$0$16,675,760

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$16,675,760
Total Expenses per Audited Statements$16,675,760
Total Expenses per Form 990$16,675,760
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
APPLICANTS' DEPOSITS$217,284

Bond Issues

BondIssuerIssuedIssue PricePurpose
BLinn County Iowa2009-09-29$4,100,000Construction-town center addition
ACity of Robins Iowa2009-08-12$3,038,887Amend 8/16/99 bond issue (bldg)

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$4,100,000-$1,295,479$60,000
A$3,038,887-$2,520,689$28,661

Bond Financing Compliance

No rebate due
No
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
No
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The chief executive will sign and certify that the irs form 990 is accurate and complete. The finance committee will review and approve the irs form 990 annual tax filing prior to submission, and the full board shall receive a copy of the irs form 990 immediately prior to the date of submission for their review.

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

Board of directors conflict of interest policy any director, principal officer, or member of a committee with governing board delegated powers is required to complete a conflict of interest disclosure statement. This statement will allow the meth-wick community, inc. To identify any corporate, membership or other relationships of the individual which could benefit the private interest of such individual or result in a possible excess benefit transaction. The completed conflict of interest disclosure statement is reviewed by the chair of the corporation and insurance committee. The chair will report any actual or possible conflict of interest to the board of directors with the individual in question given the opportunity to disclose all material facts regarding the possible conflict. The board will then decide if a conflict of interest exists.

Form 990, Part VI, Section B, Line 15A

Executive compensation policy the executive committee of the board of directors of the meth-wick community, inc. Has general oversight of the yearly evaluation of the chief executive of the organization and is the authorized body to determine compensation arrangements for the chief executive. The chairperson of the board will notify the board of directors of the annual evaluation and seek their input along with input from the senior management staff and selected resident representatives. The evaluation will be conducted on a timely basis to coincide with the annual budgeting process. The executive committee will: -ensure that the compensation arrangement is approved by a committee composed entirely of individuals who have no conflict of interest with respect to the compensation arrangement. -obtain appropriate data as to salary comparability to be used in the decision making process. -adequately document the basis for its determination of the compensation package. Appropriate data for comparability will include compensation levels paid by similarly situated organizations, for functionally comparable positions; the availability of similar service in the geographic area of the organization; current compensation surveys compiled by independent firms; and actual written offers from similar institutions competing for the services of the person. The committee will meet independent of the chief executive to discuss performance relative to the position description and identified performance goals. Once consensus is reached regarding performance, a similar discussion is held concerning compensation relative to the established objectives. The committee and/or the board chair will meet with the chief executive to discuss and document strengths, weaknesses and goals for the upcoming year. Compensation for the upcoming year is to be discussed and documented as well. The committee will present its findings and resulting executive compensation package to the full board in an executive session without the chief executive present. Senior management staff compensation procedure the chief executive of the meth-wick community, inc. Has general oversight of the yearly evaluation of the senior management staff of the organization and is the authorized body to determine compensation arrangements for the senior management staff. The director of human resources of the meth-wick community will notify the chief executive of the necessary annual evaluations. The evaluations will be conducted on a timely basis to coincide with the annual budgeting process. The chief executive will: -ensure that there is no conflict of interest with respect to the compensation arrangement. -obtain appropriate data as to salary comparability to be used in the decision making process. -adequately document the basis for its determination of the compensation package. Appropriate data for comparability will include compensation levels paid by similarly situated organizations, for functionally comparable positions; the availability of similar service in the geographic area of the organization; current compensation surveys compiled by independent firms; and actual written offers from similar institutions competing for the services of the person. The chief executive will meet with the senior executive staff to discuss and document strengths, weaknesses and goals for the upcoming year. Compensation for the upcoming year is to be discussed and documented as well.

Form 990, Part VI, Section C, Line 19

The chief executive of the meth-wick community, inc. Is responsible for making the governing documents, conflict of interest policy and audited financial statements available to the general public. The general public can request copies of these documents by contacting the chief executive at the meth-wick community, inc., 1224 13th street nw, cedar rapids, ia 52405. The request can be made in person or in writing.

Filing and Contact Details

Filer

Filer Name
The Meth-wick Community Inc
EIN
42-0838541
Phone
3193659171
Address
1224 13TH STREET NW, CEDAR RAPIDS, IA 52405-2404

Signing Officer

Name
Robin Mixdorf
Title
President
Phone
3193659171
Signed
2019-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robin Mixdorf President
Formed
1959
Legal Domicile
Ia
Voting Board Members
22
Independent Board Members
22
Employees
281
Volunteers
125

Preparer

Firm
Rsm US Llp
Address
201 FIRST ST SE SUITE 800, CEDAR RAPIDS, IA 52401
Preparer
Shawna Huls
Phone
3192985333
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

The endowment funds provide a source for furnishing free and discounted care to residents of the meth-wick community who have substantially depleted their resources. The board of directors follow the policy of retaining a set percentage of the interest income earned on the funds and using the remainder for resident care.

PART X, LINE 2:

The internal revenue service has recognized the organization as exempt from federal income taxes under the provisions of section 501(c)(3) of the internal revenue code. The organization is subject to federal and state income taxes on unrelated business income. The organization follows the accounting guidance related to accounting for uncertainty in income taxes. In accordance with that guidance, management has evaluated their material tax positions and determined there is no liability to record. The organization has not been notified of any impending examination by tax authorities and no examinations are in process.

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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/Desc0NURSING HOME- OPERATED A 65 BED NURSING HOME FACILITY WHICHPROVIDED 22,879 RESIDENT DAYS OF CARE FOR RESIDENTS TRANSFERRINGFROM OTHER SERVICE LEVELS WITHIN THE METH-WICK COMMUNITY ANDFROM THE SURROUNDING AREA. FREE AND DISCOUNTED CARE IS PROVIDEDTO ANY RESIDENT WHO IS UNABLE TO PAY FOR THE SERVICES THEY NEED.16 RESIDENTS RECEIVED SUCH ASSISTANCE IN THE 2017-18 FISCAL YEAR.
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IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt23CHIEF FINANCIAL OFFICERR
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IRS990/MissionDesc0OUR MISSION IS TO PROVIDE A SECURE AND CARING LIVING ENVIRONMENT TO THOSE WE SERVE, ALLOWING THEM TO MAINTAIN THEIR DIGNITY AND TO ENRICH THE QUALITY OF THEIR LIVES AS THEY AGE.
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IRS990/OtherExpensesGrp/Desc0RESIDENT MEALS
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IRS990/OtherExpensesGrp/Desc3MEDICATIONS & MEDICAL S
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IRS990/OtherExpensesGrp/ProgramServicesAmt01907173
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IRS990/OtherExpensesGrp/TotalAmt1802071
IRS990/OtherExpensesGrp/TotalAmt2469025
IRS990/OtherExpensesGrp/TotalAmt3153732
IRS990/OtherLiabilitiesGrp/BOYAmt0529675

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$34.9$14.9$20.1$21.8$21.8$0.01
2024Detailed filing. Detailed filing data is available for this year.$36.2$16.3$19.9$21.8$21.2$0.63
2023Detailed filing. Detailed filing data is available for this year.$33.6$15.5$18.1$20.2$19.8$0.42
2022Detailed filing. Detailed filing data is available for this year.$36.3$16.4$20.0$18.6$18.9$0.30
2021Detailed filing. Detailed filing data is available for this year.$37.0$16.9$20.0$20.3$20.0$0.35
2020Detailed filing. Detailed filing data is available for this year.$35.3$18.1$17.3$18.9$18.2$0.70
2019Detailed filing. Detailed filing data is available for this year.$37.1$19.6$17.4$17.2$17.6$0.38
2018Detailed filing. Detailed filing data is available for this year.$37.2$19.5$17.7$16.6$16.7$0.05
2017Detailed filing. Detailed filing data is available for this year.$35.9$18.5$17.4$15.9$15.9$0.04
2016Detailed filing. Detailed filing data is available for this year.$33.3$16.2$17.2$15.7$14.6$1.03
2015Detailed filing. Detailed filing data is available for this year.$33.0$16.6$16.4$17.4$14.4$3.00
2014Detailed filing. Detailed filing data is available for this year.$29.3$16.0$13.3$15.0$13.9$1.14
2013Summary only. Only limited summary data is available for this year.$28.7$16.9$11.8$13.6$13.4$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.3$17.9$11.4$13.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.6$18.5$11.0$12.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.1$19.5$10.6$11.6