Civic Intelligence

Byron Wellness System Inc

990 • Fiscal year 2023 • EIN 47-5285597

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

1661 Beacon StreetFort Wayne, IN 46805

(260) 637-3166

Siviq Scores

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

Liabilities / Assets

64th percentile

0.16x

Higher debt load relative to assets than 64% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

94th percentile

2.58x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

4th percentile

-79%

Higher net margin than 4% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

93rd percentile

$260,399

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 136.8% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

53rd percentile

5.6%

Faster asset growth than 53% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

63rd percentile

16%

Faster revenue growth than 63% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$2,997,159

Up $159,761 (+5.6%) from 2022

Net Assets

Down

$2,506,811

Down $118,333 (-4.5%) from 2022

Liabilities

Up

$490,348

Up $278,094 (+131%) from 2022

Revenue

Up

$190,396

Up $26,897 (+16%) from 2022

Expenses

Down

$340,844

Down $68,476 (-17%) from 2022

Net Income

Up

-$150,448

Up $95,373 (+39%) from 2022

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2015: $4,977,539Liabilities 2015: $0Net Assets 2015: $4,977,5392015Assets 2016: $5,555,642Liabilities 2016: $5,298Net Assets 2016: $5,550,3442016Assets 2017: $5,760,428Liabilities 2017: $2,038Net Assets 2017: $5,758,3902017Assets 2018: $3,413,894Liabilities 2018: $18,817Net Assets 2018: $3,395,0772018Assets 2019: $3,530,043Liabilities 2019: $21,169Net Assets 2019: $3,508,8742019Assets 2020: $3,476,271Liabilities 2020: $0Net Assets 2020: $3,476,2712020Assets 2021: $3,436,835Liabilities 2021: $57,145Net Assets 2021: $3,379,6902021Assets 2022: $2,837,398Liabilities 2022: $212,254Net Assets 2022: $2,625,1442022Assets 2023: $2,997,159Liabilities 2023: $490,348Net Assets 2023: $2,506,8112023Assets 2024: $3,148,360Liabilities 2024: $948,859Net Assets 2024: $2,199,5012024

Highlighted filing

2023

Assets$2,997,159
Liabilities$490,348
Net Assets$2,506,811

Operations Trend

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

$500K$0-$500KRevenue 2015: $41,757Expenses 2015: $25Net Income 2015: $41,7322015Revenue 2016: $206,540Expenses 2016: $51,797Net Income 2016: $154,7432016Revenue 2017: $243,324Expenses 2017: $180,884Net Income 2017: $62,4402017Revenue 2018: $357,185Expenses 2018: $251,056Net Income 2018: $106,1292018Revenue 2019: $178,228Expenses 2019: $280,380Net Income 2019: -$102,1522019Revenue 2020: $178,696Expenses 2020: $330,190Net Income 2020: -$151,4942020Revenue 2021: $236,595Expenses 2021: $453,618Net Income 2021: -$217,0232021Revenue 2022: $163,499Expenses 2022: $409,320Net Income 2022: -$245,8212022Revenue 2023: $190,396Expenses 2023: $340,844Net Income 2023: -$150,4482023Revenue 2024: $23,844Expenses 2024: $372,449Net Income 2024: -$348,6052024

Highlighted filing

2023

Revenue$190,396
Expenses$340,844
Net Income-$150,448
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$435,819
Mission and Program Overview

Mission

To develop, support, promote, and/or conduct educational programs, scientific research, human service programs, and other charitable activities, all in promotion and support of the interests and purposes of recovery health services and the byron foundation.

To support and/or develop educational programs, scientific research, human service programs, and other charitable activities in promotion of supported organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,822,302$720,352▼ $2,101,950
Cash and Non-Interest-Bearing Accounts$15,096$225,508▲ $210,412
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net-$0-
Loans From Officers Directors-$0-
Total Assets$2,837,398$2,997,159▲ $159,761
Other Assets Total$0$2,051,299▲ $2,051,299
Liabilities
Accounts Payable and Accrued Expenses$84,416$386,080▲ $301,664
Other Liabilities$127,838$104,268▼ $23,570
Total Liabilities$212,254$490,348▲ $278,094
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,625,144$2,506,811▼ $118,333
Total Net Assets Fund Balance$2,625,144$2,506,811▼ $118,333
Total Liabilities and Net Assets / Fund Balance$2,837,398$2,997,159▲ $159,761

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$2,051,299--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-Chief Executive OfficerFT$202,404$23,084$225,488
-Chief Financial OfficerPT$70,493$6,857$77,350
-Chief Operating OfficerFT$27,047$4,137$31,184

Board Members and Trustees

NameTitle
-Board Chair
-Vice Chair
-Board Member
-Secretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$37,128
Investment Income
$153,268
Other Revenue
$0
Change in Net Assets
$-150,448

Audited Revenue Reconciliation

Revenue per Audited Statements
$185,313
Revenue Not Reported on Financial Statements
$5,083
Revenue Not Reported on Form 990
$32,115
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$217,428
Total Revenue per Form 990
$190,396
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$334,021
Other Expenses$6,823
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$250,516$83,505-$334,021
Fees for Service Investment Mgmnt Fees-$5,083-$5,083
Fees for Services Legal-$1,740-$1,740
Total Functional Expenses$250,516$90,328$0$340,844

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$340,844
Expenses per Audited Statements$335,761
Total Expenses per Audited Statements$335,761
Expenses Not Reported on Financial Statements$5,083
Expenses Not Reported on Form 990$0
Other Expense Adjustments$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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$104,268
Due to Rhs-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 1B

Debra lambert is a compensated employee of byron wellness system, inc. And is therefore considered a non-independent voting member of the governing board.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

One member of the board of directors is appointed by recovery health services, inc., a supported organization and one member is appointed by the byron foundation, inc., a supported organization.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The form 990 is reviewed in detail by the executive officers and the president of the board. After any changes and/or questions are addressed, the form 990 is provided to each member of the governing body for review prior to filing with the irs.

Form 990, Part VI, Line 12C Conflict of interest policy

The conflict of interest policies are completed annually by all board members and staff. The policy statements are reviewed annually by officers of the organization. When organization business is being conducted and there is a conflict, the board member involved will abstain from voting on related matters. This is documented in the board minutes. In the event that there is a failure to disclose a conflict of interest, the board of directors shall take appropriate disciplinary and corrective action.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

Process to establish compensation of ceo the board uses comparability data, including compensation surveys and forms 990 of other organizations, to determine and propose a reasonable compensation amount for the chief executive officer. The board of directors approves the proposed compensation for the ceo. The review and approval of the ceo is documented in the board minutes and all compensation reviews are included in employee files. This process was last undertaken in 2022.

Form 990, Part VI, Line 19 Required documents available to the public

These documents are available upon request.

Form 990, Part VII, Section A

Debra j. Lambert is the president and ceo of the byron foundation, byron wellness center, and recovery health services. Her compensation, paid through byron wellness center, reflects her duties between all three organizations.

Filing and Contact Details

Filer

Filer Name
Byron Wellness System Inc
EIN
47-5285597
Phone
2606373166
Address
1661 BEACON STREET, FORT WAYNE, IN 46805

Signing Officer

Name
Debra Lambert
Title
CEO
Phone
2606373166
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
2015
Legal Domicile
In
Voting Board Members
6
Independent Board Members
5
Employees
3
Volunteers
6

Preparer

Firm
Forvis Mazars LLP
Address
111 E Wayne Street Suite 600, Fort Wayne, IN 46802
Preparer
Lauren Denton
Phone
2604604000
Supplemental Narrative

Financial Statement Notes

Schedule D, Part I ASC 740 FOOTNOTE

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0RECOVERY HEALTH SERVICES INC
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part I ASC 740 FOOTNOTE
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt121328
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt221215
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt0Debra J Lambert
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt1Audra S Guy
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt2Sarah Starcher
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Chief Executive Officer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Chief Financial Officer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2Chief Operating Officer
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DEBRA LAMBERT IS A COMPENSATED EMPLOYEE OF BYRON WELLNESS SYSTEM, INC. AND IS THEREFORE CONSIDERED A NON-INDEPENDENT VOTING MEMBER OF THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ONE MEMBER OF THE BOARD OF DIRECTORS IS APPOINTED BY RECOVERY HEALTH SERVICES, INC., A SUPPORTED ORGANIZATION AND ONE MEMBER IS APPOINTED BY THE BYRON FOUNDATION, INC., A SUPPORTED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED IN DETAIL BY THE EXECUTIVE OFFICERS AND THE PRESIDENT OF THE BOARD. AFTER ANY CHANGES AND/OR QUESTIONS ARE ADDRESSED, THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE GOVERNING BODY FOR REVIEW PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICIES ARE COMPLETED ANNUALLY BY ALL BOARD MEMBERS AND STAFF. THE POLICY STATEMENTS ARE REVIEWED ANNUALLY BY OFFICERS OF THE ORGANIZATION. WHEN ORGANIZATION BUSINESS IS BEING CONDUCTED AND THERE IS A CONFLICT, THE BOARD MEMBER INVOLVED WILL ABSTAIN FROM VOTING ON RELATED MATTERS. THIS IS DOCUMENTED IN THE BOARD MINUTES. IN THE EVENT THAT THERE IS A FAILURE TO DISCLOSE A CONFLICT OF INTEREST, THE BOARD OF DIRECTORS SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROCESS TO ESTABLISH COMPENSATION OF CEO THE BOARD USES COMPARABILITY DATA, INCLUDING COMPENSATION SURVEYS AND FORMS 990 OF OTHER ORGANIZATIONS, TO DETERMINE AND PROPOSE A REASONABLE COMPENSATION AMOUNT FOR THE CHIEF EXECUTIVE OFFICER. THE BOARD OF DIRECTORS APPROVES THE PROPOSED COMPENSATION FOR THE CEO. THE REVIEW AND APPROVAL OF THE CEO IS DOCUMENTED IN THE BOARD MINUTES AND ALL COMPENSATION REVIEWS ARE INCLUDED IN EMPLOYEE FILES. THIS PROCESS WAS LAST UNDERTAKEN IN 2022.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THESE DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DEBRA J. LAMBERT IS THE PRESIDENT AND CEO OF THE BYRON FOUNDATION, BYRON WELLNESS CENTER, AND RECOVERY HEALTH SERVICES. HER COMPENSATION, PAID THROUGH BYRON WELLNESS CENTER, REFLECTS HER DUTIES BETWEEN ALL THREE ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 1b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7a Members or stockholders electing members of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12c Conflict of interest policy
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15a Process to establish compensation of top management official
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19 Required documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VII, Section A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Recovery Health Services Inc dba Byron Health Center

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