Civic Intelligence

Wnc Birth Center

990 • Fiscal year 2018 • EIN 45-5459543

Jul 01, 2017 to Jun 30, 2018 • Filed on Mar 13, 2019

390 South French BroadAsheville, NC 28801

(828) 378-0075

Siviq Scores

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

Liabilities / Assets

98th percentile

2.00x

Higher debt load relative to assets than 98% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

88th percentile

0.76x

Higher debt load relative to revenue than 88% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

18th percentile

-13%

Higher net margin than 18% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

80th percentile

$77,538

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 8.4% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

16th percentile

-11%

Faster asset growth than 16% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

95th percentile

138%

Faster revenue growth than 95% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$351,093

Down $43,910 (-11%) from 2017

Net Assets

Down

-$350,768

Down $120,134 (-52%) from 2017

Liabilities

Up

$701,861

Up $76,224 (+12%) from 2017

Revenue

Up

$927,298

Up $538,130 (+138%) from 2017

Expenses

Up

$1,047,432

Up $397,628 (+61%) from 2017

Net Income

Up

-$120,134

Up $140,502 (+54%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500K-$1.0MAssets 2016: $354,343Liabilities 2016: $314,9092016Assets 2017: $395,003Liabilities 2017: $625,637Net Assets 2017: -$230,6342017Assets 2018: $351,093Liabilities 2018: $701,861Net Assets 2018: -$350,7682018Assets 2019: $288,508Liabilities 2019: $629,950Net Assets 2019: -$341,4422019Assets 2020: $274,195Liabilities 2020: $535,553Net Assets 2020: -$261,3582020Assets 2021: $31,493Liabilities 2021: $683,889Net Assets 2021: -$652,3962021

Highlighted filing

2018

Assets$351,093
Liabilities$701,861
Net Assets-$350,768

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $138,786Expenses 2016: $105,264Net Income 2016: $33,5222016Revenue 2017: $389,168Expenses 2017: $649,804Net Income 2017: -$260,6362017Revenue 2018: $927,298Expenses 2018: $1,047,432Net Income 2018: -$120,1342018Revenue 2019: $1,160,567Expenses 2019: $1,151,241Net Income 2019: $9,3262019Revenue 2020: $1,216,415Expenses 2020: $1,136,331Net Income 2020: $80,0842020Revenue 2021: $1,634,400Expenses 2021: $2,025,438Net Income 2021: -$391,0382021

Highlighted filing

2018

Revenue$927,298
Expenses$1,047,432
Net Income-$120,134
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Mar 13, 2019
Return Version
2017v2.2
Gross Receipts
$927,298
Mission and Program Overview

Mission

The WNC Birth Center provides comprehensive primary and preventative care from adolescence through menopause and beyond to women seeking high quality, personalized healthcare in a relaxing, familiar environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$350,506$311,561▼ $38,945
Cash and Non-Interest-Bearing Accounts$27,203$21,238▼ $5,965
Loans From Officers Directors$18,168$8,168▼ $10,000
Savings and Temporary Cash Investments$300$300→ $0
Total Assets$395,003$351,093▼ $43,910
Other Assets Total$16,994$17,994▲ $1,000
Liabilities
Unsecured Notes Loans Payable$287,106$691,780▲ $404,674
Mortgage Notes Payable Secured by Investment Property$310,000--
Accounts Payable and Accrued Expenses$10,363$1,913▼ $8,450
Total Liabilities$625,637$701,861▲ $76,224
Net Assets / Fund Balance
Unrestricted Net Assets$-230,634$-350,768▼ $120,134
Total Net Assets Fund Balance$-230,634$-350,768▼ $120,134
Total Liabilities and Net Assets / Fund Balance$395,003$351,093▼ $43,910

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$311,561$77,890$389,451
Other Assets Org$1,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nancy KoerberExecutive DirectorFT$58,850$18,688$77,538

Board Members and Trustees

NameTitle
Deborah AitonPresident
Barbara Levin MdBoard Member
Dylan BabbBoard Member
Justine CleggBoard Member
Janice BrunkSecretary
Tara TheoddosisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$19,833
Program Service Revenue
$907,452
Investment Income
$0
Other Revenue
$13
All Other Contributions
$19,833
Change in Net Assets
$-120,134
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$916,183
Salaries, Compensation, and Employee Benefits$131,249
Total Fundraising Expense$3,028
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$413,271$72,930$0$486,201
Occupancy$93,888$11,623$0$105,511
Current Officers, Directors, Trustees, and Key Employees$70,058$11,275$394$81,727
Interest$0$54,452$0$54,452
Insurance$43,230$1,005$0$44,235
Other Salaries and Wages$38,852$4,415$883$44,150
Depreciation Depletion$36,998$1,947$0$38,945
Office Expenses$16,874$4,741$171$21,786
Information Technology$18,944$2,105$0$21,049
Payroll Taxes$4,728$537$107$5,372
All Other Expenses$20$2,116$1,349$3,485
Travel$0$3,205$58$3,263
Fees for Services Accounting$0$3,000$0$3,000
Other Expenses$2,193$0$0$2,193
Advertising$594$0$66$660
Total Functional Expenses$810,056$234,348$3,028$1,047,432
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$18,168$8,168▼ $10,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
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
Yes
Filing and Contact Details

Filer

Filer Name
WNC Birth Center
EIN
45-5459543
Phone
8283780075
Address
390 South French Broad, Asheville, NC 28801

Signing Officer

Name
Deborah Aiton
Title
President
Phone
8283780075
Signed
2019-03-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deborah Aiton
Formed
2012
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
9
Volunteers
14

Preparer

Firm
Corliss & Solomon Pllc
Address
242 CHARLOTTE ST SUITE 1, ASHEVILLE, NC 28801-1434
Preparer
Stephen C Corliss
Phone
8282360206
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The 990 is prepared by independent accountants and reviewed by officerson the board.

Pt VI, Line 12C

Enforced as necessary. Any board member with a conflict of interest onany specific issue informs the board and abstains from voting on theissue.

Pt VI, Line 15A

In the annual budgeting process, the board approves a budget line foraggregate salary expense. Thereafter, individual salaries and salaryincreases for employees are determined by the executive director. Theboard of directors sets the executive director's salary after a check ofcomparable salary information for similar organizations with similar budgets.

Pt VI, Line 18

Forms 1023 and 990 are available upon request.

Pt VI, Line 19

Governing documents and reviewed financial statements are available uponrequest.

Pt XII, Line 1

The records of WNC Birth Center are maintained on the modified cash basis of accounting and the accompanying statements have been prepared on that basis.

Pt VI, Line 3

The WNC Birth Center entered into an agreement on 10/01/17 for management and financial services with Women's Birth & Wellness Center (WBWC), a North Carolina nonprofit corporation with its principal place of operation located in Chapel Hill, North Carolina. The terms of the agreement call for WBWC to provide management, administrative and financial services such as providing the use of WBWC employees, managing financial accounts including payroll, negotiating contracts, managing human resource support, and preparing reports for the Organization's Board of Directors.

Form 990, Part IX, Line 24E

Miscellaneous Expense 692. 0. 611. 81.

Form 990, Part IX, Line 24E

Dues and Subscriptions 1505. 0. 1505. 0.

Form 990, Part IX, Line 24E

Professional Development 1268. 0. 0. 1268.

Form 990, Part IX, Line 24E

Professional Fees - Consulting 20. 20. 0. 0.

Financial Statement Notes

Pt X, Line 2

The Organization is exempt from federal income taxes under 501(c)(3) of the Internal Revenue Code. Under the Code, however, income from certain activities not related to the Organization's tax-exempt purpose may be subject to taxation as unrelated business income. The Organization had less than $1,000 of income from unrelated business activities in 2017-18 and was, therefore, not required to file Federal Form 990-T (Exempt Organization Business Income Tax Return). The Organization believes that it has appropriate support for all tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.

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IRS990/Desc0FY 2018 WAS THE SECOND FULL YEAR OF OPERATION FOR THE BIRTH CENTER. THREE HUNDRED AND SEVEN (307) PREGNANT WOMEN INQUIRED ABOUT OUR SERVICES AND 243 WOMEN ENTERED INTO OUR CARE. DURING THE YEAR, 200 WOMEN GAVE BIRTH THROUGH THE BIRTH CENTER MIDWIVES. THIS IS A 247% INCREASE OVER THE FIRST YEAR OF OPERATION. TWO-THIRDS OF THESE BIRTHS OCCURRED AT THE BIRTH CENTER. FOR THE WOMEN WHO TRANSFERRED TO THE HOSPITAL FROM THE BIRTH CENTER, THE MIDWIVES WORKED COLLABORATIVELY WITH THE PHYSICIANS TO CONTINUE TO PROVIDE CARE TO OUR CLIENTS. EQUALLY IMPORTANT, THE SECOND YEAR OF OPERATION BROUGHT TO FRUITION A SUCCESSFUL BILLING SYSTEM. BY FEBRUARY, ALL MAJOR INSURANCE CONTRACTS HAD BEEN FINALIZED AND A NEW BILLING CONTRACTOR WAS IN PLACE TO IMPLEMENT A SMOOTH BILLING OPERATION, EASING OUR CASH-FLOW CHALLENGES. STAFFING GREW TO ACCOMMODATE THE GROWING PRACTICE. AT THE END OF JUNE 3 CERTIFIED NURSE MIDWIVES AND 3 RNS MADE UP THE CLINICAL STAFF.
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0300
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt039831
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt077890
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0389451
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt016994
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Security Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Loan Fees
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from federal income taxes under 501(c)(3) of the Internal Revenue Code. Under the Code, however, income from certain activities not related to the Organization's tax-exempt purpose may be subject to taxation as unrelated business income. The Organization had less than $1,000 of income from unrelated business activities in 2017-18 and was, therefore, not required to file Federal Form 990-T (Exempt Organization Business Income Tax Return). The Organization believes that it has appropriate support for all tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt017994
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Up-Start Expenses
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt018168
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0JUDY MAJOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Prior Member of BOD
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IRS990ScheduleL/TotalBalanceDueAmt08168
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS PREPARED BY INDEPENDENT ACCOUNTANTS AND REVIEWED BY OFFICERSON THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ENFORCED AS NECESSARY. ANY BOARD MEMBER WITH A CONFLICT OF INTEREST ONANY SPECIFIC ISSUE INFORMS THE BOARD AND ABSTAINS FROM VOTING ON THEISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN THE ANNUAL BUDGETING PROCESS, THE BOARD APPROVES A BUDGET LINE FORAGGREGATE SALARY EXPENSE. THEREAFTER, INDIVIDUAL SALARIES AND SALARYINCREASES FOR EMPLOYEES ARE DETERMINED BY THE EXECUTIVE DIRECTOR. THEBOARD OF DIRECTORS SETS THE EXECUTIVE DIRECTOR'S SALARY AFTER A CHECK OFCOMPARABLE SALARY INFORMATION FOR SIMILAR ORGANIZATIONS WITH SIMILAR BUDGETS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Forms 1023 and 990 are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS AND REVIEWED FINANCIAL STATEMENTS ARE AVAILABLE UPONREQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The records of WNC Birth Center are maintained on the modified cash basis of accounting and the accompanying statements have been prepared on that basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The WNC Birth Center entered into an agreement on 10/01/17 for management and financial services with Women's Birth & Wellness Center (WBWC), a North Carolina nonprofit corporation with its principal place of operation located in Chapel Hill, North Carolina. The terms of the agreement call for WBWC to provide management, administrative and financial services such as providing the use of WBWC employees, managing financial accounts including payroll, negotiating contracts, managing human resource support, and preparing reports for the Organization's Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Miscellaneous Expense 692. 0. 611. 81.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Dues and Subscriptions 1505. 0. 1505. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Professional Development 1268. 0. 0. 1268.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Professional Fees - Consulting 20. 20. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt XII, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0927298
IRS990/TotalVolunteersCnt014
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-230634
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0390 South French Broad
IRS990/USAddress/CityNm0Asheville
IRS990/USAddress/StateAbbreviationCd0NC
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
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