Civic Intelligence

Wnc Birth Center

990 • Fiscal year 2019 • EIN 45-5459543

Jul 01, 2018 to Jun 30, 2019 • Filed on May 08, 2020

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

2.18x

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

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

Liabilities / Revenue

80th percentile

0.54x

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

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

Net Margin

42nd percentile

0.8%

Higher net margin than 42% of similar nonprofits.

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

Top Officer Pay

59th percentile

$80,406

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 6.9% of source-year revenue.

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

Asset Growth

7th percentile

-18%

Faster asset growth than 7% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

78th percentile

25%

Faster revenue growth than 78% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$288,508

Down $62,585 (-18%) from 2018

Net Assets

Up

-$341,442

Up $9,326 (+2.7%) from 2018

Liabilities

Down

$629,950

Down $71,911 (-10%) from 2018

Revenue

Up

$1,160,567

Up $233,269 (+25%) from 2018

Expenses

Up

$1,151,241

Up $103,809 (+9.9%) from 2018

Net Income

Up

$9,326

Up $129,460 (+108%) from 2018

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

2019

Assets$288,508
Liabilities$629,950
Net Assets-$341,442

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

2019

Revenue$1,160,567
Expenses$1,151,241
Net Income$9,326
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 8, 2020
Return Version
2018v3.1
Gross Receipts
$1,160,567
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$311,561$272,616▼ $38,945
Loans From Officers Directors$8,168$0▼ $8,168
Savings and Temporary Cash Investments$300$300→ $0
Cash and Non-Interest-Bearing Accounts$21,238$-2,402▼ $23,640
Total Assets$351,093$288,508▼ $62,585
Other Assets Total$17,994$17,994→ $0
Liabilities
Unsecured Notes Loans Payable$691,780$626,541▼ $65,239
Accounts Payable and Accrued Expenses$1,913$3,409▲ $1,496
Total Liabilities$701,861$629,950▼ $71,911
Net Assets / Fund Balance
Unrestricted Net Assets$-350,768$-341,442▲ $9,326
Total Net Assets Fund Balance$-350,768$-341,442▲ $9,326
Total Liabilities and Net Assets / Fund Balance$351,093$288,508▼ $62,585

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$272,616$116,835$389,451
Land$0--
Other Assets Org$1,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Nancy KoerberExecutive DirectorFT$80,406$80,406

Board Members and Trustees

NameTitle
Deborah AitonPresident
Justine CleggBoard Member
Katherine LangleyBoard Member
Dylan BabbSecretary
Tara TheoddosisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$9,574
Program Service Revenue
$1,150,594
Investment Income
$0
Other Revenue
$399
All Other Contributions
$9,574
Change in Net Assets
$9,326
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,069,517
Salaries, Compensation, and Employee Benefits$81,724
Total Fundraising Expense$997
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$442,214$78,037$0$520,251
Occupancy$99,089$10,964$0$110,053
Current Officers, Directors, Trustees, and Key Employees$69,465$12,259$0$81,724
Insurance$75,195$831$0$76,026
Depreciation Depletion$36,998$1,947$0$38,945
Interest$0$36,033$0$36,033
All Other Expenses$19,122$9,618$498$29,238
Information Technology$23,531$2,615$0$26,146
Office Expenses$5,423$8,727$172$14,322
Fees for Services Accounting$0$7,716$0$7,716
Travel$0$4,005$265$4,270
Other Expenses$1,033$0$0$1,033
Advertising$554$0$62$616
Total Functional Expenses$866,602$283,642$997$1,151,241
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$8,168$0▼ $8,168
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
2020-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deborah Aiton
Formed
2012
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
14

Preparer

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

Additional Explanations

Pt VI, Line 11B

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

Pt VI, Line 12C

Enforced as necessary. Any Board Member with a conflict of interest on any specific issue informs the Board and abstains from voting on the issue.

Pt VI, Line 15A

In the annual budgeting process, the Board approves a budget line for aggregate salary expense. Thereafter, individual salaries and salary increases for employees are determined by the Executive Director. The Board of Directors sets the Executive Director's salary after a check of comparable 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 upon request.

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.

Other

WNCBC entered into a management agreement with Women's Birth & Wellness Center (WBWC) on 10/01/2017 for management, adminsitrative and financial services. At this point all of the WNCBC employee's became employees of WBWC and all of those expenses, with the exception of the executive director's compensation, are reported under management fees.

Form 990, Part IX, Line 24E

Miscellaneous Expense 1004. 214. 627. 163.

Form 990, Part IX, Line 24E

Dues and Subscriptions 6853. 0. 6853. 0.

Form 990, Part IX, Line 24E

Professional Development 3352. 2682. 335. 335.

Form 990, Part IX, Line 24E

Small Furniture/Equipment 18029. 16226. 1803. 0.

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IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
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IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0389451
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt016994
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Security Deposits
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Up-Start Expenses
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt018168
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Judy Major
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is prepared by independent accountants and reviewed by officers on the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Enforced as necessary. Any Board Member with a conflict of interest on any specific issue informs the Board and abstains from voting on the issue.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2In the annual budgeting process, the Board approves a budget line for aggregate salary expense. Thereafter, individual salaries and salary increases for employees are determined by the Executive Director. The Board of Directors sets the Executive Director's salary after a check of comparable 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 upon request.
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/ExplanationTxt7WNCBC entered into a management agreement with Women's Birth & Wellness Center (WBWC) on 10/01/2017 for management, adminsitrative and financial services. At this point all of the WNCBC employee's became employees of WBWC and all of those expenses, with the exception of the executive director's compensation, are reported under management fees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Miscellaneous Expense 1004. 214. 627. 163.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Dues and Subscriptions 6853. 0. 6853. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Professional Development 3352. 2682. 335. 335.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Small Furniture/Equipment 18029. 16226. 1803. 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/FormAndLineReferenceDesc7Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
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IRS990/USAddress/AddressLine1Txt0390 South French Broad
IRS990/USAddress/CityNm0Asheville
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
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