Civic Intelligence

Wnc Health Network Inc.

990 • Fiscal year 2015 • EIN 56-1889715

Oct 01, 2014 to Sep 30, 2015 • Filed on Apr 14, 2016

1200 Ridgefield Boulevard Ste 200Asheville, NC 28806

(828) 667-8220

Siviq Scores

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

Liabilities / Assets

31st percentile

0.03x

Higher debt load relative to assets than 31% of similar nonprofits.

2015 filings • NTEE E • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

31st percentile

0.06x

Higher debt load relative to revenue than 31% of similar nonprofits.

2015 filings • NTEE E • $1M-$5M nonprofits • Source year 2015

Net Margin

70th percentile

12%

Higher net margin than 70% of similar nonprofits.

2015 filings • NTEE E • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

67th percentile

$171,408

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 16.0% of source-year revenue.

2015 filings • NTEE E • $1M-$5M nonprofits • Source year 2015

Asset Growth

57th percentile

4.2%

Faster asset growth than 57% of similar nonprofits.

2015 filings • NTEE E • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

6th percentile

-56%

Faster revenue growth than 6% of similar nonprofits.

2015 filings • NTEE E • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,904,253

Up $76,821 (+4.2%) from 2014

Net Assets

Up

$1,841,666

Up $423,356 (+30%) from 2014

Liabilities

Down

$62,587

Down $346,535 (-85%) from 2014

Revenue

Down

$1,074,203

Down $1,361,831 (-56%) from 2014

Expenses

Down

$950,434

Down $1,624,021 (-63%) from 2014

Net Income

Up

$123,769

Up $262,190 (+189%) from 2014

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 2010: $1,245,728Liabilities 2010: $456,270Net Assets 2010: $789,4582010Assets 2011: $1,550,061Liabilities 2011: $382,623Net Assets 2011: $1,167,4382011Assets 2012: $1,898,591Liabilities 2012: $483,947Net Assets 2012: $1,414,6442012Assets 2013: $2,379,879Liabilities 2013: $823,148Net Assets 2013: $1,556,7312013Assets 2014: $1,827,432Liabilities 2014: $409,122Net Assets 2014: $1,418,3102014Assets 2015: $1,904,253Liabilities 2015: $62,587Net Assets 2015: $1,841,6662015Assets 2016: $2,432,345Liabilities 2016: $116,011Net Assets 2016: $2,316,3342016Assets 2017: $2,191,754Liabilities 2017: $117,088Net Assets 2017: $2,074,6662017Assets 2018: $3,401,784Liabilities 2018: $143,860Net Assets 2018: $3,257,9242018Assets 2019: $3,822,365Liabilities 2019: $120,126Net Assets 2019: $3,702,2392019Assets 2020: $4,960,569Liabilities 2020: $43,201Net Assets 2020: $4,917,3682020Assets 2021: $5,466,456Liabilities 2021: $6,892Net Assets 2021: $5,459,5642021Assets 2022: $4,051,990Liabilities 2022: $85,047Net Assets 2022: $3,966,9432022Assets 2023: $4,389,418Liabilities 2023: $105,563Net Assets 2023: $4,283,8552023Assets 2024: $4,955,058Liabilities 2024: $91,310Net Assets 2024: $4,863,7482024

Highlighted filing

2015

Assets$1,904,253
Liabilities$62,587
Net Assets$1,841,666

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,089,5052010Revenue 2011: $3,045,536Expenses 2011: $2,667,556Net Income 2011: $377,9802011Expenses 2012: $2,841,8202012Expenses 2013: $2,998,5652013Revenue 2014: $2,436,034Expenses 2014: $2,574,455Net Income 2014: -$138,4212014Revenue 2015: $1,074,203Expenses 2015: $950,434Net Income 2015: $123,7692015Revenue 2016: $507,677Expenses 2016: $471,187Net Income 2016: $36,4902016Revenue 2017: $501,106Expenses 2017: $699,755Net Income 2017: -$198,6492017Revenue 2018: $779,386Expenses 2018: $850,621Net Income 2018: -$71,2352018Revenue 2019: $727,749Expenses 2019: $866,303Net Income 2019: -$138,5542019Revenue 2020: $4,358,587Expenses 2020: $696,462Net Income 2020: $3,662,1252020Revenue 2021: $2,016,600Expenses 2021: $1,474,404Net Income 2021: $542,1962021Revenue 2022: $544,779Expenses 2022: $1,086,610Net Income 2022: -$541,8312022Revenue 2023: $1,438,318Expenses 2023: $1,347,908Net Income 2023: $90,4102023Revenue 2024: $2,117,913Expenses 2024: $2,120,965Net Income 2024: -$3,0522024

Highlighted filing

2015

Revenue$1,074,203
Expenses$950,434
Net Income$123,769
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Apr 14, 2016
Return Version
2014v6.0
Gross Receipts
$1,089,436
Mission and Program Overview

Mission

WNC Health Network, Inc supports people and organizations to improve community health and wellbeing across Western North Carolina.

Wnc health network, inc is a not-for-profit corporation to support its members in delivering quality, cost-effective health care for patients.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$828,568$1,070,972▲ $242,404
Investments Other Securities$146,050$445,637▲ $299,587
Savings and Temporary Cash Investments$260,679$261,253▲ $574
Accounts Receivable$168,229$95,860▼ $72,369
Other Notes and Loans Receivable, Net$371,279$25,408▼ $345,871
Prepaid Expenses and Deferred Charges$27,364$3,204▼ $24,160
Land, Buildings, and Equipment, Net$25,263$1,919▼ $23,344
Total Assets$1,827,432$1,904,253▲ $76,821
Liabilities
Other Liabilities$81,028$52,808▼ $28,220
Accounts Payable and Accrued Expenses$328,094$9,779▼ $318,315
Total Liabilities$409,122$62,587▼ $346,535
Net Assets / Fund Balance
Unrestricted Net Assets$1,198,636$1,587,830▲ $389,194
Temporarily Rstr Net Assets$219,674$253,836▲ $34,162
Total Net Assets Fund Balance$1,418,310$1,841,666▲ $423,356
Total Liabilities and Net Assets / Fund Balance$1,827,432$1,904,253▲ $76,821

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,919$2,392$4,311
Closely Held Equity Interests$445,637--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$219,674$267,000-$232,838$253,836
2013$508,246$99,000-$387,572$219,674
2012$662,913$375,250-$529,917$508,246
2011$564,094$464,600-$365,781$662,913
2010$312,629$802,836-$551,371$564,094
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark Landau---$133,413$133,413
Heather GatesExecutive DiFT$100,000$18,488$118,488
Robin Lincoln---$110,716$110,716

Board Members and Trustees

NameTitle
Tracy BuchananChairwoman
Jimm BunchVice Chairma
Becky CarterBoard Member
Bob BednarekBoard Member
Bob SingletaryBoard Member
Carol WolfenbargerBoard Member
Casey CooperBoard Member
Cathy LandisBoard Member
Cynthia BreyfogleBoard Member
Jackie RingBoard Member
James Kirby IiBoard Member
Jill Hoggard GreenBoard Member
Kenneth a ShullBoard Member
Michael StevensonBoard Member
Phillip WrightBoard Member
Steve HeatherlyBoard Member
Steve SmithBoard Member
Tim Bugg-
Revenue and Support

Revenue Composition

Contributions and Grants
$463,000
Program Service Revenue
$494,138
Investment Income
$2,223
Other Revenue
$114,842
All Other Contributions
$267,000
Change in Net Assets
$123,769

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,074,203
Revenue Not Reported on Form 990
$102,229
Total Revenue per Audited Statements
$1,176,432
Total Revenue per Form 990
$1,074,203
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$610,266
Salaries, Compensation, and Employee Benefits$340,168
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$180,126$60,042-$240,168
Current Officers, Directors, Trustees, and Key Employees$75,000$25,000-$100,000
All Other Expenses$12,142$4,257-$16,399
Fees for Services Accounting$7,706$2,569-$10,275
Other Expenses$7,018$2,340-$9,358
Depreciation Depletion$6,086$2,031-$8,117
Insurance$6,079$2,027-$8,106
Travel$4,208$1,403-$5,611
Office Expenses$3,510$1,170-$4,680
Occupancy$3,271$1,091-$4,362
Fees for Services Legal$1,500$500-$2,000
Information Technology$1,157$386-$1,543
Total Functional Expenses$644,681$305,753$0$950,434

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$950,434
Total Expenses per Audited Statements$950,434
Total Expenses per Form 990$950,434
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
Capstone Health Alliance100% SUBSIDIARYShared ExpensesNo-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$52,808
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
No
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, Page 6, Part VI, Line 6

The network's members consist of hospitals in the 16 counties in western north carolina.

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

Each member organization appoints its own member to the board.

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

The 990 tax return is reviewed by the board at their regular meeting.

Form 990, Page 6, Part VI, Line 12C

The policy is reviewed by the board for compliance.

Form 990, Page 6, Part VI, Line 15A

Salary is set by the executive committee of the board based on independent surveys of other networks.

Form 990, Page 6, Part VI, Line 19

Governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Wnc Health Network Inc
EIN
56-1889715
Phone
8286678220
Address
1200 RIDGEFIELD BOULEVARD STE 200, ASHEVILLE, NC 28806

Signing Officer

Name
Heather Gates
Title
Executive Director
Phone
8286678220
Signed
2016-04-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Heather Gates
Formed
1995
Legal Domicile
Nc
Voting Board Members
17
Independent Board Members
17
Employees
18

Preparer

Firm
Goldsmith Molis & Gray Pllc
Address
32 ORANGE ST, ASHEVILLE, NC 28801-2914
Preparer
Crystal Z Goldsmith CPA
Phone
8282813161
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Income from subsidiary 102,229

Form 990, Part XI, Line 9

Prior yr adj-earnings from taxable sub 197,358

Financial Statement Notes

Schedule D, Page 3, Part X

Fasb acs 740, "accounting for uncertainty in income taxes", clarified the accounting for the recognition and measurement of uncertainties in income taxes recognized in an entity's financial statements and prescribes a threshold of more-likely-than-not for recognition of tax positions taken or expected to be taken in a tax return. The organization's policy, is to evaluate the likelihood that its uncertain tax positions will prevail upon examination based on the extent to which those positions have substantial support within the internal revenue code and regulations, revenue rulings, court decisions and other evidence. The organization had no unrecognized or uncertain tax positions as of and during the year ended september 30, 2015.

Schedule D, Page 4, Part XI, Line 2D

Income from subsidiary 102,229

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.96$0.09$4.86$2.12$2.12$0.00
2023Detailed filing. Detailed filing data is available for this year.$4.39$0.11$4.28$1.44$1.35$0.09
2022Detailed filing. Detailed filing data is available for this year.$4.05$0.09$3.97$0.54$1.09$0.54
2021Detailed filing. Detailed filing data is available for this year.$5.47$0.01$5.46$2.02$1.47$0.54
2020Detailed filing. Detailed filing data is available for this year.$4.96$0.04$4.92$4.36$0.70$3.66
2019Detailed filing. Detailed filing data is available for this year.$3.82$0.12$3.70$0.73$0.87$0.14
2018Detailed filing. Detailed filing data is available for this year.$3.40$0.14$3.26$0.78$0.85$0.07
2017Detailed filing. Detailed filing data is available for this year.$2.19$0.12$2.07$0.50$0.70$0.20
2016Detailed filing. Detailed filing data is available for this year.$2.43$0.12$2.32$0.51$0.47$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.90$0.06$1.84$1.07$0.95$0.12
2014Detailed filing. Detailed filing data is available for this year.$1.83$0.41$1.42$2.44$2.57$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$0.82$1.56$3.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.90$0.48$1.41$2.84
2011Summary only. Only limited summary data is available for this year.$1.55$0.38$1.17$3.05$2.67$0.38
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$0.46$0.79$2.09