Civic Intelligence

Parrish Medical Center Auxiliary Inc.

990 • Fiscal year 2017 • EIN 46-4518861

Oct 01, 2016 to Sep 30, 2017 • Filed on Aug 01, 2018

951 N Washington AvenueTitusville, FL 32796

(321) 636-0426

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Higher debt load relative to assets than 58% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

60th percentile

0.00x

Higher debt load relative to revenue than 60% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

29th percentile

-5.9%

Higher net margin than 29% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

40th percentile

-2.0%

Faster asset growth than 40% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

24th percentile

-19%

Faster revenue growth than 24% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$444,119

Down $9,073 (-2.0%) from 2016

Net Assets

Down

$443,452

Down $8,878 (-2.0%) from 2016

Liabilities

Down

$667

Down $195 (-23%) from 2016

Revenue

Down

$146,610

Down $34,674 (-19%) from 2016

Expenses

Down

$155,209

Down $24,465 (-14%) from 2016

Net Income

Down

-$8,599

Down $10,209 (-634%) from 2016

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2014: $449,900Liabilities 2014: $0Net Assets 2014: $449,9002014Assets 2015: $451,462Liabilities 2015: $1,022Net Assets 2015: $450,4402015Assets 2016: $453,192Liabilities 2016: $862Net Assets 2016: $452,3302016Assets 2017: $444,119Liabilities 2017: $667Net Assets 2017: $443,4522017Assets 2018: $421,133Liabilities 2018: $735Net Assets 2018: $420,3982018Assets 2019: $430,932Liabilities 2019: $237Net Assets 2019: $430,6952019Assets 2020: $399,452Liabilities 2020: $239Net Assets 2020: $399,2132020Assets 2021: $386,922Liabilities 2021: $230Net Assets 2021: $386,6922021Assets 2022: $364,959Net Assets 2022: $364,9592022Assets 2023: $23,454Net Assets 2023: $23,4542023Assets 2024: $23,454Liabilities 2024: $2,150Net Assets 2024: $21,3042024

Highlighted filing

2017

Assets$444,119
Liabilities$667
Net Assets$443,452

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2014: $537,985Expenses 2014: $88,085Net Income 2014: $449,9002014Revenue 2015: $154,149Expenses 2015: $153,609Net Income 2015: $5402015Revenue 2016: $181,284Expenses 2016: $179,674Net Income 2016: $1,6102016Revenue 2017: $146,610Expenses 2017: $155,209Net Income 2017: -$8,5992017Revenue 2018: $180,833Expenses 2018: $203,887Net Income 2018: -$23,0542018Revenue 2019: $144,487Expenses 2019: $134,190Net Income 2019: $10,2972019Revenue 2020: $39,308Expenses 2020: $70,790Net Income 2020: -$31,4822020Revenue 2021: $4,809Expenses 2021: $17,330Net Income 2021: -$12,5212021Revenue 2022: -$3,178Expenses 2022: $18,555Net Income 2022: -$21,7332022Revenue 2023: -$222,299Expenses 2023: $119,207Net Income 2023: -$341,5062023Revenue 2024: $1Expenses 2024: $2,150Net Income 2024: -$2,1492024

Highlighted filing

2017

Revenue$146,610
Expenses$155,209
Net Income-$8,599
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Aug 1, 2018
Return Version
2016v3.1
Gross Receipts
$276,401
Mission and Program Overview

Mission

The purpose for which the corporation is organized and formed is for charitable and educational purposes to promote and advance the welfare of parrish medical center (a public non-profit corporation) (the "hospital") consistent with the goals and objectives of parrish medical center as approved by its governing board. This purpose shall be accomplished through service to parrish medical center, to the public, and in harmony with the healthcare needs of the community served by parrish medical center. The corporation as part of its charitable purposes may also make distributions to other organizations that qualify as exempt organizations under section 501(c)(3) of the internal revenue code or the corresponding section of any future federal tax code.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$323,836$339,022▲ $15,186
Cash and Non-Interest-Bearing Accounts$73,004$59,800▼ $13,204
Land, Buildings, and Equipment, Net$44,337$32,510▼ $11,827
Savings and Temporary Cash Investments$10,153$10,156▲ $3
Total Assets$453,192$444,119▼ $9,073
Other Assets Total$1,862$2,631▲ $769
Liabilities
Accounts Payable and Accrued Expenses$862$667▼ $195
Total Liabilities$862$667▼ $195
Net Assets / Fund Balance
Unrestricted Net Assets$452,330$443,452▼ $8,878
Total Net Assets Fund Balance$452,330$443,452▼ $8,878
Total Liabilities and Net Assets / Fund Balance$453,192$444,119▼ $9,073

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$111,476-$111,476
Equipment$-78,966$78,966-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael Van HeusenPresident
Al BrownDirector
Amanda CoxDirector
Ann KennedyDirector
Bob FortnerDirector
Christine SylvesterDirector
Delores AbrahamDirector
Dennis JonesDirector
Edith PierceDirector
Evelyn DickasonDirector
Jan BenderDirector
Jean CampbellDirector
Joyce JohnsDirector
Pat MooreDirector
Richard HartDirector
Theresa McdonaldDirector
Tom BenderDirector
Vivian HamiltonDirector
Wanda FitzgeraldDirector
William TerryDirector
Debbie Cox1st Vice-pre
Nancy Turgeon2nd Vice-pre
Karen VesterSecretary
Peggy CochranTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$19,324
Program Service Revenue
$76,565
Investment Income
$0
Other Revenue
$50,721
All Other Contributions
$18,192
Change in Net Assets
$-8,599
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$135,209
Grants and Similar Amounts Paid$20,000
Total Fundraising Expense$7,738
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$20,000--$20,000
Depreciation Depletion$11,828--$11,828
Office Expenses$5,288$5,639-$10,927
Conferences and Meetings-$9,278-$9,278
Other Expenses$11,083$24,614$7,738$7,738
All Other Expenses$1,311$5,656-$6,967
Fees for Services Other$5,574$61-$5,635
Travel$2,247$2,977-$5,224
Information Technology$4,410--$4,410
Fees for Services Accounting-$1,800-$1,800
Advertising-$895-$895
Total Functional Expenses$96,551$50,920$7,738$155,209
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Jess Parrish Medical FoundationTitusville, FL-Scholarships$20,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7B

The auxiliary general membership shall meet at least two times a year, in april and september, at such dates and times as determined by the executive board. The executive board may change the months of the meetings as it deems necessary. The april meeting shall be the meeting to elect the nominating committee and to conduct the business deemed necessary by the executive board. The september meeting shall be the annual meeting of the general membership of the auxiliary. Election of officers will occur at this meeting. A quorum for all meetings, including a vote on changes and amendments to the articles of incorporation and bylaws, shall consist of a simple majority of members present and voting at the annual auxiliary general membership meeting

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

Documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Parrish Medical Center Aux Inc
EIN
46-4518861
Address
951 N WASHINGTON AVENUE, TITUSVILLE, FL 32796

Signing Officer

Name
Dennis Jones
Title
Director
Signed
2018-08-01

Organization Details

Principal Officer
Michael Van Heusen
Formed
2014
Legal Domicile
Fl
Voting Board Members
24
Independent Board Members
19
Employees
0
Volunteers
373

Preparer

Firm
Davies Houser & Secrest CPA Pa
Address
PO BOX 129, COCOA, FL 32923-0129
Preparer
Todd M Russell CPA
Phone
3216360426
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The purpose for which the corporation is organized and formed is for charitable and educational purposes to promote and advance the welfare of parrish medical center (a public non-profit corporation) (the "hospital") consistent with the goals and objectives of parrish medical center as approved by its governing board. This purpose shall be accomplished through service to parrish medical center, to the public, and in harmony with the healthcare needs of the community served by parrish medical center. The corporation as part of its charitable purposes may also make distributions to other organizations that qualify as exempt organizations under section 501(c)(3) of the internal revenue code or the corresponding section of any future federal tax code.

Form 990, Page 2, Part III, Line 4D

Donations to other 501(c)(3)organizations.

Form 990, Part XI, Line 9

Book / tax depreciation difference 1 prior perior book tax difference -280 total -279

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IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
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IRS990/MissionDesc0THE PURPOSE FOR WHICH THE CORPORATION IS ORGANIZED AND FORMED IS FOR CHARITABLE AND EDUCATIONAL PURPOSES TO PROMOTE AND ADVANCE THE WELFARE OF PARRISH MEDICAL CENTER (A PUBLIC NON-PROFIT CORPORATION) (THE "HOSPITAL") CONSISTENT WITH THE GOALS AND OBJECTIVES OF PARRISH MEDICAL CENTER AS APPROVED BY ITS GOVERNING BOARD. THIS PURPOSE SHALL BE ACCOMPLISHED THROUGH SERVICE TO PARRISH MEDICAL CENTER, TO THE PUBLIC, AND IN HARMONY WITH THE HEALTHCARE NEEDS OF THE COMMUNITY SERVED BY PARRISH MEDICAL CENTER. THE CORPORATION AS PART OF ITS CHARITABLE PURPOSES MAY ALSO MAKE DISTRIBUTIONS TO OTHER ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.
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IRS990/PartialLiquidationInd0false
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IRS990/PrincipalOfficerNm0MICHAEL VAN HEUSEN
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE CORPORATION INTENDS TO PROVIDE SCHOLARSHIPS TO LOCAL HIGH SCHOOL AND COLLEGE STUDENTS WHO WILL STUDY MEDICINE OR A RELATED HEALTH CARE FIELDS. IT IS ANTICIPATED THAT APPROXIMATELY 20,000 SCHOLARSHIPS WILL BE GIVEN EACH YEAR. WE PARTNER WITH THE JESS PARRISH MEDICAL FOUNDATION AND AWARD APPROXIMATELY 40,000 IN SCHOLARSHIPS EACH YEAR.
IRS990/ProgSrvcAccomActy3Grp/Desc0THE CORPORATION WILL PROVIDE PHILIPS LIFELINE MEDICAL ALERT SERVICES AND EQUIPMENT TO SUBSCRIBERS WHO REQUIRE SUCH SERVICES . THE LIFELINE DEVICE WILL SEND A SIGNAL TO A MONITORED CALL CENTER SHOULD A USER NEED MEDICAL ASSISTANCE. THE SYSTEM CAN ALSO DETECT FALLS. THIS PROGRAM IS STAFFED ENTIRELY WITH VOLUNTEERS.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0DONATIONS TO OTHER 501(C)(3)ORGANIZATIONS.
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IRS990ScheduleI/RecipientTable/RecipientEIN0592249275
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 2969
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PURPOSE FOR WHICH THE CORPORATION IS ORGANIZED AND FORMED IS FOR CHARITABLE AND EDUCATIONAL PURPOSES TO PROMOTE AND ADVANCE THE WELFARE OF PARRISH MEDICAL CENTER (A PUBLIC NON-PROFIT CORPORATION) (THE "HOSPITAL") CONSISTENT WITH THE GOALS AND OBJECTIVES OF PARRISH MEDICAL CENTER AS APPROVED BY ITS GOVERNING BOARD. THIS PURPOSE SHALL BE ACCOMPLISHED THROUGH SERVICE TO PARRISH MEDICAL CENTER, TO THE PUBLIC, AND IN HARMONY WITH THE HEALTHCARE NEEDS OF THE COMMUNITY SERVED BY PARRISH MEDICAL CENTER. THE CORPORATION AS PART OF ITS CHARITABLE PURPOSES MAY ALSO MAKE DISTRIBUTIONS TO OTHER ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DONATIONS TO OTHER 501(C)(3)ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE AUXILIARY GENERAL MEMBERSHIP SHALL MEET AT LEAST TWO TIMES A YEAR, IN APRIL AND SEPTEMBER, AT SUCH DATES AND TIMES AS DETERMINED BY THE EXECUTIVE BOARD. THE EXECUTIVE BOARD MAY CHANGE THE MONTHS OF THE MEETINGS AS IT DEEMS NECESSARY. THE APRIL MEETING SHALL BE THE MEETING TO ELECT THE NOMINATING COMMITTEE AND TO CONDUCT THE BUSINESS DEEMED NECESSARY BY THE EXECUTIVE BOARD. THE SEPTEMBER MEETING SHALL BE THE ANNUAL MEETING OF THE GENERAL MEMBERSHIP OF THE AUXILIARY. ELECTION OF OFFICERS WILL OCCUR AT THIS MEETING. A QUORUM FOR ALL MEETINGS, INCLUDING A VOTE ON CHANGES AND AMENDMENTS TO THE ARTICLES OF INCORPORATION AND BYLAWS, SHALL CONSIST OF A SIMPLE MAJORITY OF MEMBERS PRESENT AND VOTING AT THE ANNUAL AUXILIARY GENERAL MEMBERSHIP MEETING

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