Civic Intelligence

Voa Rehabilitation Centers Inc

990 • Fiscal year 2017 • EIN 46-3725132

Jul 01, 2016 to Jun 30, 2017 • Filed on May 07, 2018

7530 Market Place DriveEden Prairie, MN 55344

(952) 941-0305

Siviq Scores

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

Liabilities / Assets

97th percentile

1.38x

Higher debt load relative to assets than 97% of similar nonprofits.

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

Liabilities / Revenue

94th percentile

5.31x

Higher debt load relative to revenue than 94% of similar nonprofits.

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

Net Margin

4th percentile

-65%

Higher net margin than 4% of similar nonprofits.

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

Top Officer Pay

91st percentile

$538,642

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 11.6% of source-year revenue.

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

Asset Growth

11th percentile

-6.8%

Faster asset growth than 11% of similar nonprofits.

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

Revenue Growth

98th percentile

550%

Faster revenue growth than 98% of similar nonprofits.

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

Assets

Down

$17,895,286

Down $1,313,924 (-6.8%) from 2016

Net Assets

Down

-$6,808,277

Down $3,035,310 (-80%) from 2016

Liabilities

Up

$24,703,563

Up $1,721,386 (+7.5%) from 2016

Revenue

Up

$4,654,640

Up $3,938,955 (+550%) from 2016

Expenses

Up

$7,689,950

Up $3,314,410 (+76%) from 2016

Net Income

Up

-$3,035,310

Up $624,545 (+17%) from 2016

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2015: $19,363,225Liabilities 2015: $19,476,337Net Assets 2015: -$113,1122015Assets 2016: $19,209,210Liabilities 2016: $22,982,177Net Assets 2016: -$3,772,9672016Assets 2017: $17,895,286Liabilities 2017: $24,703,563Net Assets 2017: -$6,808,2772017Assets 2018: $17,365,364Liabilities 2018: $24,515,774Net Assets 2018: -$7,150,4102018Assets 2019: $17,164,210Liabilities 2019: $24,494,576Net Assets 2019: -$7,330,3662019Assets 2020: $16,566,845Liabilities 2020: $24,025,078Net Assets 2020: -$7,458,2332020Assets 2021: $16,227,927Liabilities 2021: $23,431,051Net Assets 2021: -$7,203,1242021Assets 2022: $16,123,561Liabilities 2022: $23,392,892Net Assets 2022: -$7,269,3312022Assets 2023: $16,098,770Liabilities 2023: $23,438,469Net Assets 2023: -$7,339,6992023Assets 2024: $20,431,672Liabilities 2024: $29,508,044Net Assets 2024: -$9,076,3722024

Highlighted filing

2017

Assets$17,895,286
Liabilities$24,703,563
Net Assets-$6,808,277

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2015: $13,785Expenses 2015: $126,897Net Income 2015: -$113,1122015Revenue 2016: $715,685Expenses 2016: $4,375,540Net Income 2016: -$3,659,8552016Revenue 2017: $4,654,640Expenses 2017: $7,689,950Net Income 2017: -$3,035,3102017Revenue 2018: $7,931,398Expenses 2018: $8,262,838Net Income 2018: -$331,4402018Revenue 2019: $8,641,537Expenses 2019: $8,832,186Net Income 2019: -$190,6492019Revenue 2020: $8,879,594Expenses 2020: $9,007,461Net Income 2020: -$127,8672020Revenue 2021: $8,449,252Expenses 2021: $8,194,143Net Income 2021: $255,1092021Revenue 2022: $8,644,106Expenses 2022: $8,708,681Net Income 2022: -$64,5752022Revenue 2023: $9,734,953Expenses 2023: $9,805,321Net Income 2023: -$70,3682023Revenue 2024: $7,949,251Expenses 2024: $9,685,924Net Income 2024: -$1,736,6732024

Highlighted filing

2017

Revenue$4,654,640
Expenses$7,689,950
Net Income-$3,035,310
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 7, 2018
Return Version
2016v3.0
Gross Receipts
$4,654,640
Mission and Program Overview

Mission

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,917,871$12,517,611▼ $400,260
Cash and Non-Interest-Bearing Accounts$128,568$933,015▲ $804,447
Accounts Receivable$495,662$796,230▲ $300,568
Prepaid Expenses and Deferred Charges$765,306$50,368▼ $714,938
Inventories for Sale or Use$15,688$16,340▲ $652
Total Assets$19,209,210$17,895,286▼ $1,313,924
Other Assets Total$4,886,115$3,581,722▼ $1,304,393
Liabilities
Tax Exempt Bond Liabilities$18,109,168$17,426,775▼ $682,393
Other Liabilities$4,609,777$6,786,211▲ $2,176,434
Accounts Payable and Accrued Expenses$263,232$490,577▲ $227,345
Total Liabilities$22,982,177$24,703,563▲ $1,721,386
Net Assets / Fund Balance
Unrestricted Net Assets$-3,772,967$-6,808,277▼ $3,035,310
Total Net Assets Fund Balance$-3,772,967$-6,808,277▼ $3,035,310
Total Liabilities and Net Assets / Fund Balance$19,209,210$17,895,286▼ $1,313,924

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,020,980$439,630$11,460,610
Equipment$1,386,567$288,212$1,674,779
Other Land Buildings$110,064$4,496$114,560
Other Assets Org$2,832,750--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Burks JaneBoard Chair
King Michael WPresident
Kikumoto DavidVice Chairman
Arnold PattiDirector
Cooper WillDirector
Dale KarenDirector
Edeburn AndyDirector
Knapp KeithDirector
Leblanc JamesDirector
Rase NancyDirector
Sullivan MichaelDirector
Wakefield SteveDirector
Keller Cynthia RAsst. Secretary
Sheridan Patrick NAsst. Secretary
Gavin Nancy aAsst. Secretary/Treasurer
Perry Deborah aAsst. Secretary/Treasurer
Turnbull Thomas DAsst. Secretary/Treasurer
Budzynski Joseph aAsst. Secretary/Treasurer & CFO
Carrington EdwinaSecretary
Olson Wayne CSVP, Healthcare Operations
Moore CarolTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Milestone healthcareconsultingl-3542, columbus, OH 43260$399,871
mercy rehabilitation servicescontract therapyPO Box 636535, cincinnati, OH 45263$224,501
volunteers of america national servicesManagement7530 MARKET PLACE DRIVE, Eden Prairie, MN 55344$207,447
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,633,782
Investment Income
$20,858
Other Revenue
$0
Change in Net Assets
$-3,035,310

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,654,640
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,654,640
Total Revenue per Form 990
$4,654,640
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,246,610
Salaries, Compensation, and Employee Benefits$3,443,340
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,169,160--$3,169,160
Interest$1,306,773$365-$1,307,138
Fees for Services Other$822,593--$822,593
Depreciation Depletion$511,821$4,801-$516,622
Occupancy$225,191$2,735-$227,926
Fees for Services Management-$207,447-$207,447
All Other Expenses$195,973$669-$196,642
Other Employee Benefits$190,500--$190,500
Information Technology$93,117--$93,117
Insurance$89,316$902-$90,218
Other Expenses$82,637--$82,637
Payroll Taxes$75,472--$75,472
Office Expenses$57,321--$57,321
Fees for Services Accounting$29,726--$29,726
Travel$14,618--$14,618
Conferences and Meetings$13,631--$13,631
Advertising$8,844--$8,844
Pension Plan Contributions$8,208--$8,208
Fees for Services Legal$1,984--$1,984
Total Functional Expenses$7,473,031$216,919$0$7,689,950

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,689,950
Total Expenses per Audited Statements$7,689,950
Total Expenses per Form 990$7,689,950
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
Intercompany Payable - Voans$4,043,611
Unsecured working capital line of credit - voans$2,000,000
Accrued Interest Payable$742,576
due to third party payors$24

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACounty of Seneca Ohio2014-07-30$17,074,800Finance health care facility

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$17,074,800--$341,496

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
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
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

Governance Explanations

Form 990, Part VI, Section A, line 2

Michael king, joseph budzynski, thomas turnbull, patrick sheridan, wayne olson, deborah perry, nancy gavin, and cynthia keller have business relationships with each other, because they serve as directors, officers, and/or key employees of volunteers of america, inc., volunteers of america national services, and/or their related organizations.

Form 990, Part VI, Section A, line 6

VOA National Services is a member.

Form 990, Part VI, Section A, line 7A

VOA National Services can elect or appoint directors.

Form 990, Part VI, Section A, line 7B

VOA National Services approves amendments to the articles and bylaws.

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

The tax return is provided to the Board of Directors for review. The board has 5 days to review and give comments on the return. After the comment period, any changes will be made to the return. The Board of Directors is then provided a complete copy of the final return upon filing.

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

The policy requires officers, directors, and key employees to disclose annually interests that could give rise to conflicts. The policy and disclosure form are distributed and collected annually, and individuals are required to update the disclosure form throughout the year in the event potential conflicts arise. Potential conflicts of interest are reviewed by the Board of Directors.

Form 990, Part VI, Section B, line 15

The organization's president and ceo is not compensated by the organization but is compensated by a related organization, volunteers of america, inc. Volunteers of america's process for determining compensation of the organization's president and ceo, officers, and key employees includes review and approval by a compensation committee formed of independent members appointed by the board of directors. The compensation committee conducts a market compensation analysis review every year and reports their conclusions to the board of directors.

Form 990, Part VI, Section C, line 19

The governing documents, conflict of interest policy, and financial statements are available upon request.

PART VI, SECTION B, LINE 13:

The organization follows the whistleblower policy adopted by its corporate parent, volunteers of america national services.

PART VI, SECTION B, LINE 14:

The organization follows the document retention and destruction policy adopted by its corporate parent, volunteers of america national services.

Filing and Contact Details

Filer

Filer Name
VOA Rehabilitation Centers Inc
EIN
46-3725132
Phone
9529410305
Address
7530 Market Place Drive, Eden Prairie, MN 55344

Signing Officer

Name
Nancy Gavin
Title
VP Financial Services
Phone
9529410305
Signed
2018-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Budzynski
Formed
2013
Legal Domicile
Mn
Voting Board Members
14
Independent Board Members
13
Employees
47
Volunteers
13

Preparer

Firm
Baker Tilly Virchow Krause LLP
Address
225 S 6th St 2300, Minneapolis, MN 55402
Preparer
Lawrence H Mohr CPA
Phone
6128764500
Supplemental Narrative

Additional Explanations

PART 1, LINE 1 AND PART III, LINE I:

Established in 1896, volunteers of america is a national, nonprofit, faith-based organization providing services such as housing and healthcare to more than 2 million people in over 400 communities each year. In support of that mission, voa rehabilitation centers, inc. Was organized and is operated to engage in, advance, support, promote, and administer health and health-related services and supportive services to seniors and individuals with behavioral health needs.

Form 990, Part IX, line 11G

Other Fees for Services: Program service expenses 822,593. Total expenses 822,593.

Financial Statement Notes

Part X, Line 2:

The organization has evaluated its tax positions for uncertainty and has no unrecognized tax matters that are required to be disclosed. The organization had no income tax expense and there were no cash payments for income taxes in 2017 and 2016.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt13115944
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1425423
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt15108358
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1623677
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1785710
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1850028
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1998675
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2051909
IRS990/Form990PartVIISectionAGrp/PersonNm0BURKS JANE
IRS990/Form990PartVIISectionAGrp/PersonNm1Kikumoto David
IRS990/Form990PartVIISectionAGrp/PersonNm2CARRINGTON EDWINA
IRS990/Form990PartVIISectionAGrp/PersonNm3Moore Carol
IRS990/Form990PartVIISectionAGrp/PersonNm4Arnold Patti
IRS990/Form990PartVIISectionAGrp/PersonNm5COOPER WILL
IRS990/Form990PartVIISectionAGrp/PersonNm6DALE KAREN
IRS990/Form990PartVIISectionAGrp/PersonNm7EDEBURN ANDY
IRS990/Form990PartVIISectionAGrp/PersonNm8Knapp Keith
IRS990/Form990PartVIISectionAGrp/PersonNm9LEBLANC JAMES
IRS990/Form990PartVIISectionAGrp/PersonNm10Rase Nancy
IRS990/Form990PartVIISectionAGrp/PersonNm11SULLIVAN MICHAEL
IRS990/Form990PartVIISectionAGrp/PersonNm12WAKEFIELD STEVE
IRS990/Form990PartVIISectionAGrp/PersonNm13KING MICHAEL W
IRS990/Form990PartVIISectionAGrp/PersonNm14BUDZYNSKI JOSEPH A
IRS990/Form990PartVIISectionAGrp/PersonNm15TURNBULL THOMAS D
IRS990/Form990PartVIISectionAGrp/PersonNm16SHERIDAN PATRICK N
IRS990/Form990PartVIISectionAGrp/PersonNm17KELLER CYNTHIA R
IRS990/Form990PartVIISectionAGrp/PersonNm18GAVIN NANCY A
IRS990/Form990PartVIISectionAGrp/PersonNm19PERRY DEBORAH A
IRS990/Form990PartVIISectionAGrp/PersonNm20OLSON WAYNE C
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1988525
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13President
IRS990/Form990PartVIISectionAGrp/TitleTxt14Asst. Secretary/Treasurer & CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt15Asst. Secretary/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt16Asst. Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt17Asst. Secretary
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IRS990/Form990PartVIISectionAGrp/TitleTxt19Asst. Secretary/Treasurer
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