Civic Intelligence

The Methodist Oaks

990 • Fiscal year 2019 • EIN 57-0342656

Oct 01, 2018 to Sep 30, 2019 • Filed on Aug 05, 2020

Post Office Box 327Orangeburg, SC 29116

(803) 534-1212

Siviq Scores

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

Liabilities / Assets

91st percentile

0.95x

Higher debt load relative to assets than 91% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

79th percentile

0.92x

Higher debt load relative to revenue than 79% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

26th percentile

-3.2%

Higher net margin than 26% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

60th percentile

$209,915

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

13th percentile

-5.6%

Faster asset growth than 13% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

50th percentile

3.7%

Faster revenue growth than 50% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Down

$18,460,995

Down $1,091,355 (-5.6%) from 2018

Net Assets

Down

$882,208

Down $1,516,884 (-63%) from 2018

Liabilities

Up

$17,578,787

Up $425,529 (+2.5%) from 2018

Revenue

Up

$19,204,703

Up $685,780 (+3.7%) from 2018

Expenses

Down

$19,828,507

Down $3,147,133 (-14%) from 2018

Net Income

Up

-$623,804

Up $3,832,913 (+86%) from 2018

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $24,421,930Liabilities 2010: $13,575,647Net Assets 2010: $10,846,2832010Assets 2011: $23,594,165Liabilities 2011: $12,778,028Net Assets 2011: $10,816,1372011Assets 2012: $23,471,808Liabilities 2012: $11,604,293Net Assets 2012: $11,867,5152012Assets 2013: $23,905,073Liabilities 2013: $12,148,468Net Assets 2013: $11,756,6052013Assets 2014: $22,843,311Liabilities 2014: $13,055,330Net Assets 2014: $9,787,9812014Assets 2015: $21,972,021Liabilities 2015: $12,857,826Net Assets 2015: $9,114,1952015Assets 2016: $20,708,096Liabilities 2016: $13,039,276Net Assets 2016: $7,668,8202016Assets 2017: $20,293,907Liabilities 2017: $13,347,984Net Assets 2017: $6,945,9232017Assets 2018: $19,552,350Liabilities 2018: $17,153,258Net Assets 2018: $2,399,0922018Assets 2019: $18,460,995Liabilities 2019: $17,578,787Net Assets 2019: $882,2082019Assets 2020: $16,972,946Liabilities 2020: $15,140,934Net Assets 2020: $1,832,0122020Assets 2021: $1,679,671Liabilities 2021: $1,493,531Net Assets 2021: $186,1402021Assets 2022: $758,969Liabilities 2022: $71,509Net Assets 2022: $687,4602022Assets 2023: $441,826Liabilities 2023: $0Net Assets 2023: $441,8262023Assets 2024: $313,476Liabilities 2024: $0Net Assets 2024: $313,4762024Assets 2025: $128,680Liabilities 2025: $0Net Assets 2025: $128,6802025

Highlighted filing

2019

Assets$18,460,995
Liabilities$17,578,787
Net Assets$882,208

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $19,046,6422010Expenses 2011: $19,474,2172011Expenses 2012: $19,814,0002012Expenses 2013: $23,012,5992013Revenue 2014: $22,678,980Expenses 2014: $24,491,391Net Income 2014: -$1,812,4112014Revenue 2015: $23,137,465Expenses 2015: $24,080,871Net Income 2015: -$943,4062015Revenue 2016: $21,404,257Expenses 2016: $23,140,211Net Income 2016: -$1,735,9542016Revenue 2017: $20,916,463Expenses 2017: $21,884,433Net Income 2017: -$967,9702017Revenue 2018: $18,518,923Expenses 2018: $22,975,640Net Income 2018: -$4,456,7172018Revenue 2019: $19,204,703Expenses 2019: $19,828,507Net Income 2019: -$623,8042019Revenue 2020: $19,269,827Expenses 2020: $18,316,497Net Income 2020: $953,3302020Revenue 2021: $14,292,977Expenses 2021: $12,848,400Net Income 2021: $1,444,5772021Revenue 2022: $3,418,335Expenses 2022: $2,917,015Net Income 2022: $501,3202022Revenue 2023: $0Expenses 2023: $245,634Net Income 2023: -$245,6342023Revenue 2024: $161,370Expenses 2024: $128,350Net Income 2024: $33,0202024Revenue 2025: $0Expenses 2025: $184,796Net Income 2025: -$184,7962025

Highlighted filing

2019

Revenue$19,204,703
Expenses$19,828,507
Net Income-$623,804
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Aug 5, 2020
Return Version
2018v3.2
Gross Receipts
$24,657,762
Mission and Program Overview

Mission

To provide superior continuing care retirement living and a working environment that nourishes the human spirit and preserves personal dignity by addressing the whole person in an atmosphere which witnesses christian values and love.

To provide superior continuing care retirement living and a working environment that nourishes the human spirit and preserves personal dignity by addressing the whole person in an atmosphere which witnesses christian values and love

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,100,096$13,265,953▼ $834,143
Investments in Publicly Traded Securities$3,767,969$3,250,372▼ $517,597
Cash and Non-Interest-Bearing Accounts$545,258$955,339▲ $410,081
Accounts Receivable$805,293$695,735▼ $109,558
Intangible Assets$192,737$186,185▼ $6,552
Prepaid Expenses and Deferred Charges$105,496$71,910▼ $33,586
Inventories for Sale or Use$35,501$35,501→ $0
Total Assets$19,552,350$18,460,995▼ $1,091,355
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,034,545$5,890,595▼ $143,950
Accounts Payable and Accrued Expenses$4,799,115$4,607,865▼ $191,250
Deferred Revenue$3,998,778$4,004,051▲ $5,273
Other Liabilities$2,320,820$3,076,276▲ $755,456
Total Liabilities$17,153,258$17,578,787▲ $425,529
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,272,107$2,263,082▼ $9,025
Unrestricted Net Assets$126,985$-1,380,874▼ $1,507,859
Total Net Assets Fund Balance$2,399,092$882,208▼ $1,516,884
Total Liabilities and Net Assets / Fund Balance$19,552,350$18,460,995▼ $1,091,355

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,676,503$24,662,049$36,338,552
Equipment$164,753$4,853,687$5,018,440
Leasehold Improvements$249,221$1,713,301$1,962,522
Land$1,059,417-$1,059,417
Other Land Buildings$116,059$776,459$892,518

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$3,650,160$153▼ $126,920$390,000$3,133,393
2017$3,396,111$212,438▲ $46,508$4,899$3,650,160
2016$3,268,863$110,992▲ $40,678$24,422$3,396,111
2015$2,942,573$268,461▲ $63,355$5,526$3,268,863
2014$3,182,687$205,352▲ $34,762-$2,942,573
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Robert M JonesPhysicianFT$209,915$209,915
Andy CoxCOOFT$154,355$154,355

Highest Paid Contractors

ContractorServicesLocationCompensation
Regional Medical Center Of OrangeburMedical/healthcPO BOX 1306, 108 RED CYPRESS LANDING, Orangeburg, SC 29118$1,018,238
Orange Cut Rate Drug Store INCMedical/healthc1144 RUSSELL ST, Orangeburg, SC 29115$877,088
US FoodserviceNon-employee CoPO BOX 602286, Charlotte, NC 28260$493,893
Heritage Health CareMedical/healthc536 OLD HOWELL ROAD, Greenville, SC 29615$355,764
Sb ConstructionNon-empl. Comp.PO BOX 40, Ellorree, SC 29047$308,638
Revenue and Support

Revenue Composition

Contributions and Grants
$584,068
Program Service Revenue
$17,620,515
Investment Income
$769,294
Other Revenue
$230,826
All Other Contributions
$584,068
Change in Net Assets
$-623,804

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,204,703
Revenue Not Reported on Form 990
$-893,080
Total Revenue per Audited Statements
$18,311,623
Total Revenue per Form 990
$19,204,703
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,869,353
Salaries, Compensation, and Employee Benefits$7,959,154
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,481,725$378,688-$5,860,413
Occupancy$2,020,777$127,071-$2,147,848
Depreciation Depletion$383,985$736,461-$1,120,446
Other Employee Benefits$725,653$86,338-$811,991
Payroll Taxes$567,497$81,533-$649,030
Interest$270,584$374,749-$645,333
Insurance$406,685$221,382-$628,067
Current Officers, Directors, Trustees, and Key Employees$334,915$238,701-$573,616
Other Expenses$193,563$187,104-$380,667
All Other Expenses$108,853$252,516-$361,369
Fees for Services Legal-$115,286-$115,286
Pension Plan Contributions$46,090$18,014-$64,104
Travel$59,709$3,267-$62,976
Fees for Services Accounting$47,628$4,279-$51,907
Advertising$4,450$2,992-$7,442
Total Functional Expenses$16,830,745$2,997,762$0$19,828,507

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$19,828,507
Total Expenses per Audited Statements$19,828,507
Total Expenses per Form 990$19,828,507
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
Line of Credit$2,984,180
Capital Lease$92,096
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Page 6, Part VI, Line 11B

The form 990 is reviewed by the ceo and coo and signed by the coo.

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

All officers, directors or committee members shall annually complete a conflict of interest disclosure statement.

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

The methodist oaks relies on state and national association compensation reports in the setting of the salary of the ceo and key employees. The board of the methodist oaks is informed of the salary level.

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

The human resources department of the methodist oaks researches a job description that most accurately describes the duties of the key employee and researches state and national association compensation survey to advise the ceo of appropriate pay ranges. The ceo is responsible for the final establishing of the salary. Salaries of all employees are available to the board of trustees of the methodist oaks.

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
The Methodist Oaks
EIN
57-0342656
Phone
8035341212
Address
POST OFFICE BOX 327, ORANGEBURG, SC 29116

Signing Officer

Name
Andy Cox
Title
COO
Phone
8035341212
Signed
2020-08-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andy Cox
Formed
1956
Legal Domicile
Sc
Voting Board Members
21
Independent Board Members
21
Employees
407
Volunteers
50

Preparer

Firm
Burkett Burkett & Burkett Cpas Pa
Address
PO BOX 2044, WEST COLUMBIA, SC 29171
Preparer
Matthew P Hodges CPA
Phone
8037943712
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To provide superior continuing care retirement living and a working environment that nourishes the human spirit and preserves personal dignity by addressing the whole person in an atmosphere which witnesses christian values and love

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The methodist oaks' endowment consists of 8 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the board of trustees to function as endowments.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt22EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt23COO
IRS990/Form990PartVIISectionAGrp/TitleTxt24CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt25PHYSICIAN
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IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt0704841
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IRS990/InsuranceGrp/ProgramServicesAmt0406685
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IRS990/IntangibleAssetsGrp/BOYAmt0192737
IRS990/IntangibleAssetsGrp/EOYAmt0186185
IRS990/InterestGrp/ManagementAndGeneralAmt0374749
IRS990/InterestGrp/ProgramServicesAmt0270584
IRS990/InterestGrp/TotalAmt0645333
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IRS990/OtherExpensesGrp/ProgramServicesAmt11287767
IRS990/OtherExpensesGrp/ProgramServicesAmt2521421
IRS990/OtherExpensesGrp/ProgramServicesAmt3193563
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IRS990/OtherExpensesGrp/TotalAmt11310373
IRS990/OtherExpensesGrp/TotalAmt2521421
IRS990/OtherExpensesGrp/TotalAmt3380667
IRS990/OtherLiabilitiesGrp/BOYAmt02320820
IRS990/OtherLiabilitiesGrp/EOYAmt03076276
IRS990/OtherRevenueMiscGrp/BusinessCd0623990
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0230826
IRS990/OtherRevenueTotalAmt0230826
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0378688
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05481725

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.00$0.13$0.00$0.18$0.18
2024Summary only. Only limited summary data is available for this year.$0.31$0.00$0.31$0.16$0.13$0.03
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.00$0.44$0.00$0.25$0.25
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$0.07$0.69$3.42$2.92$0.50
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.68$1.49$0.19$14.3$12.8$1.44
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.0$15.1$1.83$19.3$18.3$0.95
2019Detailed filing. Detailed filing data is available for this year.$18.5$17.6$0.88$19.2$19.8$0.62
2018Summary only. Only limited summary data is available for this year.$19.6$17.2$2.40$18.5$23.0$4.46
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.3$13.3$6.95$20.9$21.9$0.97
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.7$13.0$7.67$21.4$23.1$1.74
2015Summary only. Only limited summary data is available for this year.$22.0$12.9$9.11$23.1$24.1$0.94
2014Detailed filing. Detailed filing data is available for this year.$22.8$13.1$9.79$22.7$24.5$1.81
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.9$12.1$11.8$23.0
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.5$11.6$11.9$19.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.6$12.8$10.8$19.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.4$13.6$10.8$19.0