Civic Intelligence

Valir Pace Foundation

990 • Fiscal year 2017 • EIN 46-0885751

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

Organization ProfileWWW.VALIR.COM/SERVICES/PACE-PROGRAM
721 NW 6th StreetOklahoma City, OK 73102

(405) 609-3682

Siviq Scores

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

Liabilities / Assets

100th percentile

6.30x

Higher debt load relative to assets than 100% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

66th percentile

0.46x

Higher debt load relative to revenue than 66% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

28th percentile

-1.9%

Higher net margin than 28% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

99th percentile

546%

Faster asset growth than 99% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

88th percentile

51%

Faster revenue growth than 88% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets100th percentile

Assets

Up

$782,413

Up $661,239 (+546%) from 2016

Net Assets

Up

-$4,145,760

Up $405,105 (+8.9%) from 2016

Liabilities

Up

$4,928,173

Up $256,134 (+5.5%) from 2016

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin28th percentile

Revenue

Up

$10,829,509

Up $3,656,259 (+51%) from 2016

Expenses

Up

$11,033,169

Up $2,920,638 (+36%) from 2016

Net Income

Up

-$203,660

Up $735,621 (+78%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$5.0M$0-$5.0MAssets 2012: $1Liabilities 2012: $02012Assets 2013: $1Liabilities 2013: $02013Assets 2014: $1Liabilities 2014: $02014Assets 2015: $77,382Liabilities 2015: $3,688,966Net Assets 2015: -$3,611,5842015Assets 2016: $121,174Liabilities 2016: $4,672,039Net Assets 2016: -$4,550,8652016Assets 2017: $782,413Liabilities 2017: $4,928,173Net Assets 2017: -$4,145,7602017Assets 2018: $1,242,397Liabilities 2018: $3,195,465Net Assets 2018: -$1,953,0682018Assets 2019: $3,227,923Liabilities 2019: $2,611,493Net Assets 2019: $616,4302019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2017

Assets$782,413
Liabilities$4,928,173
Net Assets-$4,145,760
Open 2017 Filing

Operations Trend

Revenue Growth88th percentile

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2012: $0Expenses 2012: $0Net Income 2012: $02012Revenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $2,992,934Expenses 2015: $5,162,990Net Income 2015: -$2,170,0562015Revenue 2016: $7,173,250Expenses 2016: $8,112,531Net Income 2016: -$939,2812016Revenue 2017: $10,829,509Expenses 2017: $11,033,169Net Income 2017: -$203,6602017Revenue 2018: $13,861,189Expenses 2018: $11,668,497Net Income 2018: $2,192,6922018Revenue 2019: $15,536,132Expenses 2019: $12,966,634Net Income 2019: $2,569,4982019Revenue 2020: $6,966,948Expenses 2020: $5,704,295Net Income 2020: $1,262,6532020

Highlighted filing

2017

Revenue$10,829,509
Expenses$11,033,169
Net Income-$203,660
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$10,829,509
Mission and Program Overview

Mission

To operate valir pace (program of all-inclusive care for the elderly) for its participants who are aged 55 and older, qualify for nursing home care, are medicare and/or medicaid eligible and are able to live safely in the community.

To operate valir pace (program of all-inclusive care for the elderly) for its participants who are aged 55 and older, qualify for nursing home care, are medicare and/or medicaid eligible and are and able to live safely in the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$615,696$658,890▲ $43,194
Land, Buildings, and Equipment, Net$61,332$56,952▼ $4,380
Cash and Non-Interest-Bearing Accounts$43,678$51,629▲ $7,951
Prepaid Expenses and Deferred Charges$9,233$14,942▲ $5,709
Total Assets$729,939$782,413▲ $52,474
Liabilities
Accounts Payable and Accrued Expenses$2,477,460$3,431,117▲ $953,657
Mortgage Notes Payable Secured by Investment Property$1,377,014$1,338,753▼ $38,261
Other Liabilities$817,565$158,303▼ $659,262
Total Liabilities$4,672,039$4,928,173▲ $256,134
Net Assets / Fund Balance
Unrestricted Net Assets$-3,942,100$-4,145,760▼ $203,660
Total Net Assets Fund Balance$-3,942,100$-4,145,760▼ $203,660
Total Liabilities and Net Assets / Fund Balance$729,939$782,413▲ $52,474

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$47,888$22,439$70,327
Other Land Buildings$6,303$3,650$9,953
Leasehold Improvements$2,761$439$3,200
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeOtherTotal
Brandy BaileyExecutive DirectorFT$104,466$104,466

Board Members and Trustees

NameTitle
Andrew LasserBoard Member
DIRK O'HARABoard Member
Jeremy TubbBoard Member
Karel BrewsterBoard Member
Kitt WakeleyBoard Member
Lou CarmichaelBoard Member
Nathan ValentineBoard Member
Tim ReddoutBoard Member
Tom TuckerBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Care Kinesis INCMedical Services228 STRAWBRIDGE DRIVE SUITE 100, Morrestown, NJ 08057$1,408,077
Valir Health LLCAdministrative Services700 NW 7TH STREET, Oklahoma City, OK 73102$1,233,159
Valir Transportation Services LLCTransportation Services700 NW 7TH STREET, Oklahoma City, OK 73102$1,019,219
Vision Health LLCManagement Fees925 NW 5TH STREET, Oklahoma City, OK 73106$700,306
Variety Care INCMedical Services3000 N GRAND BLVD, Oklahoma City, OK 73107$604,814
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,829,509
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-203,660

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,829,509
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$10,829,509
Total Revenue per Form 990
$10,829,509
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,497,246
Salaries, Compensation, and Employee Benefits$2,535,923
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,667,818$517,514-$2,185,332
Fees for Services Management-$1,182,743-$1,182,743
Fees for Services Other-$514,522-$514,522
Occupancy$340,527--$340,527
Insurance$223,300$33,178-$256,478
Office Expenses$32,110$187,416-$219,526
Other Employee Benefits$130,625$32,123-$162,748
Payroll Taxes$125,123$34,103-$159,226
Other Expenses$88,679$32,248-$120,927
All Other Expenses$119,662--$119,662
Interest$74,735--$74,735
Travel$37,336$19,212-$56,548
Advertising-$48,957-$48,957
Pension Plan Contributions$23,480$5,137-$28,617
Fees for Services Accounting-$22,509-$22,509
Depreciation Depletion$10,368--$10,368
Fees for Services Legal-$3,877-$3,877
Total Functional Expenses$8,399,630$2,633,539$0$11,033,169

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,033,169
Total Expenses per Audited Statements$11,033,169
Total Expenses per Form 990$11,033,169
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
DIRK O'HARABoard MemberDIRK O'HARA OWNS 100% OF O'HARA INVESTMENTS THAT OWNS 7.69% OF VALIR HEALTH. DIRK OWNS 100% OF OKLAHOMA SENIOR CARE WHICH OWNS 20% OF VISION HEALTH. O'HARA INVESTMENTS OWNS 12.36% OF N-VEST/VALIR TRANSPORT. VALIR REAL ESTATE IS OWNED 95% BY VALIR HEALTH. VALIR PACE HAD 2017 MANAGEMENT FEES OF $765,189 TO VISION HEALTH WITH $1,023,324 UNPAID AT 12-31-17. VALIR PACE ADMIN SERVICE FEES OF $300,000 TO VALIR HEALTH (BASED ON FIXED COST CONTRACT). VALIR PACE MAY UTILIZE EMPLOYEES OF VALIR HEALTH & ITS RELATED ENTITIES & REIMBURSES THOSE ENTITIES FOR THE COST OF THOSE EMPLOYEES & INCURRED $71,995 IN PAYROLL REIMBURSEMENT EXPENSES IN 2017. VALIR PACE PAID $186,352 TO VALIR HEALTH IN 2017 TO REIMBURSE FOR INSURANCE COSTS FOR ITS PORTION OF PROFESSIONAL LIABILITY, PROPERTY & HEALTH INSURANCE OBTAINED THROUGH VALIR HEALTH. TRANSPORT & FACILITY COSTS INCURRED WERE $1,168,283. VALIR PACE OWED PAYABLES & DEBT TO VALIR HEALTH IN THE AMOUNT OF $1,181,627 AT 12-31-17. GUARANTY FEE OF $28,865.Yes-
Jon JilesCommon Ownership of Affiliated EntitiesJON JILES OWNS 41.67% OF ABBE REHAB & 100% OF SENIOR COMFORT, WHICH OWN 74.98% OF VALIR HEALTH IN TOTAL. SENIOR COMFORT OWNS 50% OF VISION HEALTH. SENIOR COMFORT OWNS 60.67% OF N-VEST/VALIR TRANSPORT. VALIR REAL ESTATE IS OWNED 95% BY VALIR HEALTH. VALIR PACE HAD 2017 MANAGEMENT FEES OF $765,189 TO VISION HEALTH WITH $1,023,324 UNPAID AT DECEMBER 31, 2017. VALIR PACE ADMIN SERVICE FEES WERE $300,000 TO VALIR HEALTH (BASED ON FIXED COST CONTRACT). VALIR PACE MAY UTILIZE EMPLOYEES OF VALIR HEALTH & ITS RELATED ENTITIES & REIMBURSES THOSE ENTITIES FOR THE COST OF THOSE EMPLOYEES & INCURRED $71,995 IN PAYROLL REIMBURSEMENT EXPENSES IN 2017. VALIR PACE PAID $186,352 TO VALIR HEALTH IN 2017 TO REIMBURSE FOR INSURANCE COSTS FOR ITS PORTION OF PROFESSIONAL LIABILITY, PROPERTY & HEALTH INSURANCE OBTAINED THROUGH VALIR HEALTH. TRANSPORT & FACILITY COSTS INCURRED WERE $1,168,283. VALIR PACE OWED PAYABLES & DEBT TO VALIR HEALTH IN THE AMOUNT OF $1,181,627 AT 12-31-17. GUARANTY FEE OF $50,547.Yes-
Kitt WakeleyBoard MemberKITT WAKELEY OWNS 16.67% OF ABBE REHAB & 100% OF KITTCO, LLC, WHICH OWN 45.17% OF VALIR HEALTH IN TOTAL. KITTCO, LLC OWNS 30% OF VISION HEALTH. KITTCO OWNS 14.61% OF N-VEST/VALIR TRANSPORT. VALIR REAL ESTATE IS OWNED 95% BY VALIR HEALTH. VALIR PACE HAD 2017 MANAGEMENT FEES OF $765,189 TO VISION HEALTH WITH $1,023,324 UNPAID AT DECEMBER 31, 2017. VALIR PACE ADMIN SERVICE FEES OF $300,000 TO VALIR HEALTH (BASED ON FIXED COST CONTRACT). VALIR PACE MAY UTILIZE EMPLOYEES OF VALIR HEALTH & ITS RELATED ENTITIES & REIMBURSES THOSE ENTITIES FOR THE COST OF THOSE EMPLOYEES & INCURRED $71,995 IN PAYROLL REIMBURSEMENT EXPENSES IN 2017. VALIR PACE PAID $186,352 TO VALIR HEALTH IN 2017 TO REIMBURSE FOR INSURANCE COSTS FOR ITS PORTION OF PROFESSIONAL LIABILITY, PROPERTY & HEALTH INSURANCE OBTAINED THROUGH VALIR HEALTH. TRANSPORT & FACILITY COSTS INCURRED WERE $1,168,283. VALIR PACE OWED PAYABLES & DEBT TO VALIR HEALTH IN THE AMOUNT OF $1,181,627 AT 12-31-17. GUARANTY FEE OF $38,142.Yes-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates - Accounts Payable$158,303
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
Yes
Other officer compensation reviewed
Yes
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 A, Line 2

“Board members dirk o'hara and kitt wakely are related through common ownership in various affiliated entities.”

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

“The draft of 990 is provided to the valir cfo and board of directors for approval prior to filing.”

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

“ANNUAL QUESTIONNAIRES”

Form 990, Part VI, Section B, Line 15

“NPA SURVEY UTILIZED”

Form 990, Part VI, Section C, Line 19

“The organization's financial statements, governing documents and conflict of interest policy are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Valir Pace Foundation
EIN
46-0885751
Phone
4056093682
Address
721 NW 6TH STREET, OKLAHOMA CITY, OK 73102

Signing Officer

Name
Scott Brasier
Title
Pace CFO
Phone
4056093682
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Brasier
Formed
2012
Legal Domicile
Ok
Voting Board Members
9
Independent Board Members
7
Employees
77
Volunteers
0

Preparer

Firm
Landmark Plc Cpas
Address
P O BOX 10148, FORT SMITH, AR 72917-0148
Preparer
Deana a Infield
Phone
4794845740
Supplemental Narrative

Additional Explanations

Form 990, Part X

“On january 1, 2017, valir pace changed its method of recording medicare adjustments to refelct the amounts estimated to be collected in the following year for the current year's services. In all prior years, the adjustments were based on cms reviews and recorded to patient revenue when full resolution was determined, and the amount had been received or paid. The new method of accounting for medicare adjustments was adopted to better reflect the actual revenues of the company. The prior year 2016 balance sheet and income statement numbers were adjusted to apply the new method retrospectively. The financial statement line items for the 2016 year that were affected by the change in accounting principle were: medicare receivable increased $608,765; gross patient revenue increased $570,258; net assets at end of year increased $608,765.”

FORM 990, PART XII, LINE 1:

“In prior years, the organization's 990 has been marked as prepared on the cash basis. However, the organization is audited and the audited financial statements are prepared on the accrual basis of accounting.”

Form 990, Part XII, Line 2C

“The process of reviewing 990 has not changed from prior year.”

Financial Statement Notes

PART X, LINE 2:

“Valir pace, a not-for-profit charitable corporation, as defined in section 501(c)(3) of the internal revenue code, is exempt from federal income taxation pursuant to section 501(a) of the code. The organization has adopted the recognition requirements for uncertain income tax positions as required by generally accepted accounting principles, with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The organization has analyzed tax positions taken for filing with the internal revenue service and the oklahoma tax commission. The organization believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse affect on the organization's financial condition, results of operations, or cash flows. Accordingly, the organization has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at december 31, 2017. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The organization believes it is no longer subject to income tax examinations for years prior to 2014.”

Raw XML AppendixShowing 400 of 562 raw XML fields

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/Form990PartVIISectionAGrp/PersonNm0JEREMY TUBB
IRS990/Form990PartVIISectionAGrp/PersonNm1KITT WAKELEY
IRS990/Form990PartVIISectionAGrp/PersonNm2DIRK O'HARA
IRS990/Form990PartVIISectionAGrp/PersonNm3LOU CARMICHAEL
IRS990/Form990PartVIISectionAGrp/PersonNm4TOM TUCKER
IRS990/Form990PartVIISectionAGrp/PersonNm5TIM REDDOUT
IRS990/Form990PartVIISectionAGrp/PersonNm6NATHAN VALENTINE
IRS990/Form990PartVIISectionAGrp/PersonNm7KAREL BREWSTER
IRS990/Form990PartVIISectionAGrp/PersonNm8ANDREW LASSER
IRS990/Form990PartVIISectionAGrp/PersonNm9BRANDY BAILEY
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IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE DIRECTOR
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IRS990/FormationYr02012
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IRS990/GamingActivitiesInd00
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IRS990/GrantsToOrganizationsInd00
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IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndependentAuditFinclStmtInd01
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
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IRS990/InsuranceGrp/ManagementAndGeneralAmt033178
IRS990/InsuranceGrp/ProgramServicesAmt0223300
IRS990/InsuranceGrp/TotalAmt0256478
IRS990/InterestGrp/ProgramServicesAmt074735
IRS990/InterestGrp/TotalAmt074735
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IRS990/IRPDocumentCnt0103
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IRS990/LandBldgEquipCostOrOtherBssAmt083480
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IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO OPERATE VALIR PACE (PROGRAM OF ALL-INCLUSIVE CARE FOR THE ELDERLY) FOR ITS PARTICIPANTS WHO ARE AGED 55 AND OLDER, QUALIFY FOR NURSING HOME CARE,ARE MEDICARE AND/OR MEDICAID ELIGIBLE AND ARE ABLE TO LIVE SAFELY IN THE COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01338753
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IRS990/OccupancyGrp/TotalAmt0340527
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IRS990/OfficeExpensesGrp/ProgramServicesAmt032110
IRS990/OfficeExpensesGrp/TotalAmt0219526
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt032123
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0130625
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0162748
IRS990/OtherExpensesGrp/Desc0CLINICAL CLAIMS & SERVI
IRS990/OtherExpensesGrp/Desc1PHARMACY
IRS990/OtherExpensesGrp/Desc2MEDICAL SUPPLIES
IRS990/OtherExpensesGrp/Desc3OTHER OPERATING EXPENSE
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IRS990/OtherExpensesGrp/ProgramServicesAmt03836006
IRS990/OtherExpensesGrp/ProgramServicesAmt11421914
IRS990/OtherExpensesGrp/ProgramServicesAmt2267947
IRS990/OtherExpensesGrp/ProgramServicesAmt388679
IRS990/OtherExpensesGrp/TotalAmt03836006
IRS990/OtherExpensesGrp/TotalAmt11421914
IRS990/OtherExpensesGrp/TotalAmt2267947
IRS990/OtherExpensesGrp/TotalAmt3120927
IRS990/OtherLiabilitiesGrp/BOYAmt0817565
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IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-203660
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt010829509
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt021565951
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/TotalSupportAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt047888
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022439
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt070327
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02761
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0439
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03200
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06303
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03650
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt09953
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0158303
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES - ACCOUNTS PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt010829509
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0VALIR PACE, A NOT-FOR-PROFIT CHARITABLE CORPORATION, AS DEFINED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, IS EXEMPT FROM FEDERAL INCOME TAXATION PURSUANT TO SECTION 501(A) OF THE CODE. THE ORGANIZATION HAS ADOPTED THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, WITH NO CUMULATIVE EFFECT ADJUSTMENT REQUIRED. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE ORGANIZATION HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND THE OKLAHOMA TAX COMMISSION. THE ORGANIZATION BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE AFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS, OR CASH FLOWS. ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2017. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt056952
IRS990ScheduleD/TotalExpensesPerForm990Amt011033169
IRS990ScheduleD/TotalLiabilityAmt0158303
IRS990ScheduleD/TotalRevenuePerForm990Amt010829509
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010829509
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011033169
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JON JILES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1KITT WAKELEY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2DIRK O'HARA
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0COMMON OWNERSHIP OF AFFILIATED ENTITIES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd01
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd11
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd21
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0JON JILES OWNS 41.67% OF ABBE REHAB & 100% OF SENIOR COMFORT, WHICH OWN 74.98% OF VALIR HEALTH IN TOTAL. SENIOR COMFORT OWNS 50% OF VISION HEALTH. SENIOR COMFORT OWNS 60.67% OF N-VEST/VALIR TRANSPORT. VALIR REAL ESTATE IS OWNED 95% BY VALIR HEALTH. VALIR PACE HAD 2017 MANAGEMENT FEES OF $765,189 TO VISION HEALTH WITH $1,023,324 UNPAID AT DECEMBER 31, 2017. VALIR PACE ADMIN SERVICE FEES WERE $300,000 TO VALIR HEALTH (BASED ON FIXED COST CONTRACT). VALIR PACE MAY UTILIZE EMPLOYEES OF VALIR HEALTH & ITS RELATED ENTITIES & REIMBURSES THOSE ENTITIES FOR THE COST OF THOSE EMPLOYEES & INCURRED $71,995 IN PAYROLL REIMBURSEMENT EXPENSES IN 2017. VALIR PACE PAID $186,352 TO VALIR HEALTH IN 2017 TO REIMBURSE FOR INSURANCE COSTS FOR ITS PORTION OF PROFESSIONAL LIABILITY, PROPERTY & HEALTH INSURANCE OBTAINED THROUGH VALIR HEALTH. TRANSPORT & FACILITY COSTS INCURRED WERE $1,168,283. VALIR PACE OWED PAYABLES & DEBT TO VALIR HEALTH IN THE AMOUNT OF $1,181,627 AT 12-31-17. GUARANTY FEE OF $50,547.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1KITT WAKELEY OWNS 16.67% OF ABBE REHAB & 100% OF KITTCO, LLC, WHICH OWN 45.17% OF VALIR HEALTH IN TOTAL. KITTCO, LLC OWNS 30% OF VISION HEALTH. KITTCO OWNS 14.61% OF N-VEST/VALIR TRANSPORT. VALIR REAL ESTATE IS OWNED 95% BY VALIR HEALTH. VALIR PACE HAD 2017 MANAGEMENT FEES OF $765,189 TO VISION HEALTH WITH $1,023,324 UNPAID AT DECEMBER 31, 2017. VALIR PACE ADMIN SERVICE FEES OF $300,000 TO VALIR HEALTH (BASED ON FIXED COST CONTRACT). VALIR PACE MAY UTILIZE EMPLOYEES OF VALIR HEALTH & ITS RELATED ENTITIES & REIMBURSES THOSE ENTITIES FOR THE COST OF THOSE EMPLOYEES & INCURRED $71,995 IN PAYROLL REIMBURSEMENT EXPENSES IN 2017. VALIR PACE PAID $186,352 TO VALIR HEALTH IN 2017 TO REIMBURSE FOR INSURANCE COSTS FOR ITS PORTION OF PROFESSIONAL LIABILITY, PROPERTY & HEALTH INSURANCE OBTAINED THROUGH VALIR HEALTH. TRANSPORT & FACILITY COSTS INCURRED WERE $1,168,283. VALIR PACE OWED PAYABLES & DEBT TO VALIR HEALTH IN THE AMOUNT OF $1,181,627 AT 12-31-17. GUARANTY FEE OF $38,142.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2DIRK O'HARA OWNS 100% OF O'HARA INVESTMENTS THAT OWNS 7.69% OF VALIR HEALTH. DIRK OWNS 100% OF OKLAHOMA SENIOR CARE WHICH OWNS 20% OF VISION HEALTH. O'HARA INVESTMENTS OWNS 12.36% OF N-VEST/VALIR TRANSPORT. VALIR REAL ESTATE IS OWNED 95% BY VALIR HEALTH. VALIR PACE HAD 2017 MANAGEMENT FEES OF $765,189 TO VISION HEALTH WITH $1,023,324 UNPAID AT 12-31-17. VALIR PACE ADMIN SERVICE FEES OF $300,000 TO VALIR HEALTH (BASED ON FIXED COST CONTRACT). VALIR PACE MAY UTILIZE EMPLOYEES OF VALIR HEALTH & ITS RELATED ENTITIES & REIMBURSES THOSE ENTITIES FOR THE COST OF THOSE EMPLOYEES & INCURRED $71,995 IN PAYROLL REIMBURSEMENT EXPENSES IN 2017. VALIR PACE PAID $186,352 TO VALIR HEALTH IN 2017 TO REIMBURSE FOR INSURANCE COSTS FOR ITS PORTION OF PROFESSIONAL LIABILITY, PROPERTY & HEALTH INSURANCE OBTAINED THROUGH VALIR HEALTH. TRANSPORT & FACILITY COSTS INCURRED WERE $1,168,283. VALIR PACE OWED PAYABLES & DEBT TO VALIR HEALTH IN THE AMOUNT OF $1,181,627 AT 12-31-17. GUARANTY FEE OF $28,865.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS DIRK O'HARA AND KITT WAKELY ARE RELATED THROUGH COMMON OWNERSHIP IN VARIOUS AFFILIATED ENTITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DRAFT OF 990 IS PROVIDED TO THE VALIR CFO AND BOARD OF DIRECTORS FOR APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL QUESTIONNAIRES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NPA SURVEY UTILIZED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ON JANUARY 1, 2017, VALIR PACE CHANGED ITS METHOD OF RECORDING MEDICARE ADJUSTMENTS TO REFELCT THE AMOUNTS ESTIMATED TO BE COLLECTED IN THE FOLLOWING YEAR FOR THE CURRENT YEAR'S SERVICES. IN ALL PRIOR YEARS, THE ADJUSTMENTS WERE BASED ON CMS REVIEWS AND RECORDED TO PATIENT REVENUE WHEN FULL RESOLUTION WAS DETERMINED, AND THE AMOUNT HAD BEEN RECEIVED OR PAID. THE NEW METHOD OF ACCOUNTING FOR MEDICARE ADJUSTMENTS WAS ADOPTED TO BETTER REFLECT THE ACTUAL REVENUES OF THE COMPANY. THE PRIOR YEAR 2016 BALANCE SHEET AND INCOME STATEMENT NUMBERS WERE ADJUSTED TO APPLY THE NEW METHOD RETROSPECTIVELY. THE FINANCIAL STATEMENT LINE ITEMS FOR THE 2016 YEAR THAT WERE AFFECTED BY THE CHANGE IN ACCOUNTING PRINCIPLE WERE: MEDICARE RECEIVABLE INCREASED $608,765; GROSS PATIENT REVENUE INCREASED $570,258; NET ASSETS AT END OF YEAR INCREASED $608,765.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6IN PRIOR YEARS, THE ORGANIZATION'S 990 HAS BEEN MARKED AS PREPARED ON THE CASH BASIS. HOWEVER, THE ORGANIZATION IS AUDITED AND THE AUDITED FINANCIAL STATEMENTS ARE PREPARED ON THE ACCRUAL BASIS OF ACCOUNTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE PROCESS OF REVIEWING 990 HAS NOT CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART X
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0SEE SCHEDULE L-COST REIMBURSEMENTSTAFF SHARING W COMMON CONTROLLED ENTITY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt1SEE SCHEDULE L-COST REIMBURSEMENTSTAFF SHARING W COMMON CONTROLLED ENTITY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt2SEE SCHEDULE L-COST REIMBURSEMENTSTAFF SHARING W COMMON CONTROLLED ENTITY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt3SEE SCHEDULE L-COST REIMBURSEMENTSTAFF SHARING W COMMON CONTROLLED ENTITY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd10
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd20
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd30
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0472194295
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN1731577996
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN2202639546
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN3204218631
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd10
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd20
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd30
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0OK
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd1OK
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd2OK
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd3OK
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0RELATED SERVICES
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt1RELATED SERVICES
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt2RELATED SERVICES
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt3RELATED SERVICES
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0NURSING FACILITIES

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$782,413
Liabilities
$4,928,173
Net assets
-$4,145,760
Revenue
$10,829,509
Expenses
$11,033,169
Net income
-$203,660
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$6.97$5.70$1.26
2019Detailed filing. Detailed filing data is available for this year.$3.23$2.61$0.62$15.5$13.0$2.57
2018Detailed filing. Detailed filing data is available for this year.$1.24$3.20$1.95$13.9$11.7$2.19
2017Detailed filing. Detailed filing data is available for this year.$0.78$4.93$4.15$10.8$11.0$0.20
2016Detailed filing. Detailed filing data is available for this year.$0.12$4.67$4.55$7.17$8.11$0.94
2015Detailed filing. Detailed filing data is available for this year.$0.08$3.69$3.61$2.99$5.16$2.17
2014Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00