Civic Intelligence

Methodist Home for the Aging

990 • Fiscal year 2015 • EIN 63-0376518

Jul 01, 2014 to Jun 30, 2015 • Filed on Dec 31, 2015

1520 Cooper Hill RoadBirmingham, AL 35210

(205) 951-2442

Siviq Scores

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

Liabilities / Assets

77th percentile

0.61x

Higher debt load relative to assets than 77% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

74th percentile

0.86x

Higher debt load relative to revenue than 74% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Net Margin

55th percentile

5.3%

Higher net margin than 55% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

53rd percentile

$256,124

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Asset Growth

83rd percentile

16%

Faster asset growth than 83% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

36th percentile

0.2%

Faster revenue growth than 36% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Assets

Up

$49,523,480

Up $6,819,075 (+16%) from 2014

Net Assets

Up

$19,067,427

Up $1,440,130 (+8.2%) from 2014

Liabilities

Up

$30,456,053

Up $5,378,945 (+21%) from 2014

Revenue

Up

$35,353,011

Up $57,608 (+0.2%) from 2014

Expenses

Up

$33,465,233

Up $709,045 (+2.2%) from 2014

Net Income

Down

$1,887,778

Down $651,437 (-26%) from 2014

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $45,282,547Liabilities 2010: $36,817,450Net Assets 2010: $8,465,0972010Assets 2011: $45,511,933Liabilities 2011: $35,365,839Net Assets 2011: $10,146,0942011Assets 2012: $47,692,764Liabilities 2012: $34,480,370Net Assets 2012: $13,212,3942012Assets 2013: $49,457,504Liabilities 2013: $33,174,417Net Assets 2013: $16,283,0872013Assets 2014: $42,704,405Liabilities 2014: $25,077,108Net Assets 2014: $17,627,2972014Assets 2015: $49,523,480Liabilities 2015: $30,456,053Net Assets 2015: $19,067,4272015Assets 2016: $113,115,837Liabilities 2016: $91,844,222Net Assets 2016: $21,271,6152016Assets 2017: $114,827,240Liabilities 2017: $92,080,594Net Assets 2017: $22,746,6462017Assets 2018: $113,462,039Liabilities 2018: $91,980,214Net Assets 2018: $21,481,8252018Assets 2019: $113,328,836Liabilities 2019: $91,542,747Net Assets 2019: $21,786,0892019Assets 2020: $114,593,198Liabilities 2020: $91,538,219Net Assets 2020: $23,054,9792020Assets 2021: $118,213,803Liabilities 2021: $92,411,473Net Assets 2021: $25,802,3302021Assets 2022: $110,814,317Liabilities 2022: $88,867,803Net Assets 2022: $21,946,5142022Assets 2023: $110,004,751Liabilities 2023: $88,034,119Net Assets 2023: $21,970,6322023Assets 2024: $113,174,731Liabilities 2024: $87,635,216Net Assets 2024: $25,539,5152024

Highlighted filing

2015

Assets$49,523,480
Liabilities$30,456,053
Net Assets$19,067,427

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $35,742,8902010Expenses 2011: $34,968,5952011Expenses 2012: $35,540,7632012Expenses 2013: $36,137,2152013Revenue 2014: $35,295,403Expenses 2014: $32,756,188Net Income 2014: $2,539,2152014Revenue 2015: $35,353,011Expenses 2015: $33,465,233Net Income 2015: $1,887,7782015Revenue 2016: $33,931,203Expenses 2016: $31,658,946Net Income 2016: $2,272,2572016Revenue 2017: $35,146,916Expenses 2017: $34,379,602Net Income 2017: $767,3142017Revenue 2018: $41,185,094Expenses 2018: $42,562,348Net Income 2018: -$1,377,2542018Revenue 2019: $45,211,834Expenses 2019: $45,488,721Net Income 2019: -$276,8872019Revenue 2020: $47,199,906Expenses 2020: $46,088,494Net Income 2020: $1,111,4122020Revenue 2021: $51,510,138Expenses 2021: $48,762,787Net Income 2021: $2,747,3512021Revenue 2022: $48,216,255Expenses 2022: $52,072,071Net Income 2022: -$3,855,8162022Revenue 2023: $53,010,384Expenses 2023: $52,979,521Net Income 2023: $30,8632023Revenue 2024: $54,866,224Expenses 2024: $52,772,363Net Income 2024: $2,093,8612024

Highlighted filing

2015

Revenue$35,353,011
Expenses$33,465,233
Net Income$1,887,778
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Dec 31, 2015
Return Version
2014v6.0
Gross Receipts
$35,353,011
Mission and Program Overview

Mission

Retirement and nursing home care

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$22,014,888$24,733,665▲ $2,718,777
Investments in Publicly Traded Securities$7,050,394$11,132,474▲ $4,082,080
Prepaid Expenses and Deferred Charges$4,712,874$4,942,740▲ $229,866
Cash and Non-Interest-Bearing Accounts$3,191,682$2,717,294▼ $474,388
Accounts Receivable$2,372,318$2,634,468▲ $262,150
Inventories for Sale or Use$85,157$76,116▼ $9,041
Savings and Temporary Cash Investments$54,494$54,650▲ $156
Total Assets$42,704,405$49,523,480▲ $6,819,075
Other Assets Total$3,222,598$3,232,073▲ $9,475
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,479,195$25,917,631▲ $19,438,436
Tax Exempt Bond Liabilities$14,900,000--
Accounts Payable and Accrued Expenses$3,468,431$4,033,029▲ $564,598
Deferred Revenue$217,104$276,709▲ $59,605
Other Liabilities$12,378$228,684▲ $216,306
Total Liabilities$25,077,108$30,456,053▲ $5,378,945
Net Assets / Fund Balance
Unrestricted Net Assets$11,243,333$12,835,116▲ $1,591,783
Temporarily Rstr Net Assets$6,331,076$6,179,476▼ $151,600
Permanently Rstr Net Assets$52,888$52,835▼ $53
Total Net Assets Fund Balance$17,627,297$19,067,427▲ $1,440,130
Total Liabilities and Net Assets / Fund Balance$42,704,405$49,523,480▲ $6,819,075

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,807,281$16,998,253$32,805,534
Equipment$1,358,643$4,480,843$5,839,486
Land$2,327,070-$1,276,641
Other Land Buildings$5,240,671$542,286$640,409
Other Assets Org$-111,856--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$6,383,964$105,000▼ $71,347$136,864$6,232,311
2013$5,855,487-▲ $733,046$161,857$6,383,964
2012$5,404,934-▲ $685,577$194,132$5,855,487
2011$5,535,929$76▲ $106,339$198,377$5,404,934
2010$5,058,463-▲ $690,103$173,152$5,535,929
Compensation and Service Providers

Employees

NameTitleBaseTotal
Vicki H JacksonPresident, C$256,124$256,124
William Bruce AkinsPresident, CEO$256,124$256,124
-Vice Preside$225,768$225,768
-Vice President, COO$225,768$225,768
-CFO$173,825$173,825
-VP-informati$101,325$101,325
-VP of Human$99,172$99,172

Highest Paid Contractors

ContractorServicesLocationCompensation
SterigenMedicalPO BOX 11407, Birmingham, AL 35246-1638$830,561
Cooke Cameron Travis & CompanyAccounting2109 DEVEREUX CIRCLE, Vestavia Hills, AL 35243$255,224
Uab - Medical Directors Div Of GerMedical1530 3RD AVENUE SOUTH, Birmingham, AL 35294-2041$114,200
Revenue and Support

Revenue Composition

Contributions and Grants
$615,934
Program Service Revenue
$33,575,366
Investment Income
$1,161,711
Other Revenue
$0
All Other Contributions
$615,934
Change in Net Assets
$1,887,778

Audited Revenue Reconciliation

Revenue per Audited Statements
$35,353,011
Revenue Not Reported on Form 990
$-442,636
Total Revenue per Audited Statements
$34,910,375
Total Revenue per Form 990
$35,353,011
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$18,929,037
Other Expenses$14,536,196
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$13,120,255$3,030,521-$16,150,776
Fees for Services Other$1,757,446--$1,757,446
Other Employee Benefits$1,300,306$261,340-$1,561,646
Interest$771,658$518,854-$1,290,512
Payroll Taxes$1,008,481$208,134-$1,216,615
Depreciation Depletion$951,004$95,529-$1,046,533
Fees for Services Accounting-$232,374-$232,374
Other Expenses$1,870,813$158,788-$158,788
Fees for Service Investment Mgmnt Fees$48,442--$48,442
Travel$28,363$13,908-$42,271
Fees for Services Legal-$40,468-$40,468
Total Functional Expenses$28,304,882$5,160,351$0$33,465,233

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$33,465,233
Total Expenses per Audited Statements$33,465,233
Total Expenses per Form 990$33,465,233
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
Allowance for Litigation Losses$150,000
Capital Lease Obligation$78,684
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

A copy of the return is presented to the key officers, finance committee and all interested trustees for review prior to the release of the return.

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

All interested persons must sign an annual conflict of interest statement. A conflict of interest committee was appointed by the methodist homes for the aging board to monitor and enforce conlfict of interest issues.

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

The finance committee of the board of methodist homes for the aging shall set the compensation of the executive staff. The executive staff shall recommend compensation for the key employees and staff at all the facilities. The recommendations are reviewed, approved or modified by finance committee.

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

The finance committee of the board of methodist homes for the aging sets the compensation for the executive staff. The executive staff shall recommend compensation for the key employees and staff at all the facilities. The recommendations are reviewed, approved, or modified by the finance committee.

Form 990, Page 6, Part VI, Line 19

By appointment inspection can be made at 1520 cooper hill road, birmingham, al 35210

Filing and Contact Details

Filer

Filer Name
Methodist Home for the Aging
EIN
63-0376518
Phone
2059512442
Address
1520 COOPER HILL ROAD, BIRMINGHAM, AL 35210
Doing Business As
Methodist Homes Corporation

Signing Officer

Name
W Bruce Akins
Title
CFO
Phone
2059512442
Signed
2015-12-31

Organization Details

Formed
1956
Legal Domicile
Al
Voting Board Members
35
Independent Board Members
35
Employees
867

Preparer

Firm
Cooke Cameron Travis & Company Pc
Address
2109 DEVEREUX CIR, BIRMINGHAM, AL 35243
Preparer
Michael W Cooke
Phone
2059670101
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Unrealized gain (loss) - afs -5,012

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt36VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt37CFO
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$113$87.6$25.5$54.9$52.8$2.09
2023Summary only. Only limited summary data is available for this year.$110$88.0$22.0$53.0$53.0$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$111$88.9$21.9$48.2$52.1$3.86
2021Summary only. Only limited summary data is available for this year.$118$92.4$25.8$51.5$48.8$2.75
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$115$91.5$23.1$47.2$46.1$1.11
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$113$91.5$21.8$45.2$45.5$0.28
2018Summary only. Only limited summary data is available for this year.$113$92.0$21.5$41.2$42.6$1.38
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$115$92.1$22.7$35.1$34.4$0.77
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$113$91.8$21.3$33.9$31.7$2.27
2015Detailed filing. Detailed filing data is available for this year.$49.5$30.5$19.1$35.4$33.5$1.89
2014Detailed filing. Detailed filing data is available for this year.$42.7$25.1$17.6$35.3$32.8$2.54
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.5$33.2$16.3$36.1
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.7$34.5$13.2$35.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.5$35.4$10.1$35.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.3$36.8$8.47$35.7
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $25M-$50M nonprofits