Civic Intelligence

Valley View Health and Wellness Foundation

990 • Fiscal year 2018 • EIN 73-0630359

Jul 01, 2017 to Jun 30, 2018 • Filed on May 13, 2019

1024 E Britton Road Suite 200Oklahoma City, OK 73131

(580) 320-8914

Siviq Scores

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

Liabilities / Assets

27th percentile

0.05x

Higher debt load relative to assets than 27% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

67th percentile

0.48x

Higher debt load relative to revenue than 67% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

6th percentile

-41%

Higher net margin than 6% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

15th percentile

-6.9%

Faster asset growth than 15% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

73rd percentile

15%

Faster revenue growth than 73% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Down

$23,543,397

Down $1,736,119 (-6.9%) from 2017

Net Assets

Down

$22,349,294

Down $830,987 (-3.6%) from 2017

Liabilities

Down

$1,194,103

Down $905,132 (-43%) from 2017

Revenue

Up

$2,497,149

Up $327,481 (+15%) from 2017

Expenses

Down

$3,511,393

Down $943,861 (-21%) from 2017

Net Income

Up

-$1,014,244

Up $1,271,342 (+56%) from 2017

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $40,587,483Liabilities 2010: $6,483,402Net Assets 2010: $34,104,0812010Assets 2011: $46,714,771Liabilities 2011: $7,872,473Net Assets 2011: $38,842,2982011Assets 2012: $51,851,824Liabilities 2012: $7,217,946Net Assets 2012: $44,633,8782012Assets 2013: $53,804,207Liabilities 2013: $8,012,730Net Assets 2013: $45,791,4772013Assets 2014: $40,706,330Liabilities 2014: $14,306,853Net Assets 2014: $26,399,4772014Assets 2015: $27,521,001Liabilities 2015: $1,024,732Net Assets 2015: $26,496,2692015Assets 2016: $26,061,952Liabilities 2016: $1,550,847Net Assets 2016: $24,511,1052016Assets 2017: $25,279,516Liabilities 2017: $2,099,235Net Assets 2017: $23,180,2812017Assets 2018: $23,543,397Liabilities 2018: $1,194,103Net Assets 2018: $22,349,2942018Assets 2019: $22,601,909Liabilities 2019: $857,104Net Assets 2019: $21,744,8052019Assets 2020: $22,352,181Liabilities 2020: $74,162Net Assets 2020: $22,278,0192020Assets 2021: $25,298,749Liabilities 2021: $215,313Net Assets 2021: $25,083,4362021Assets 2022: $23,363,467Liabilities 2022: $11,667Net Assets 2022: $23,351,8002022Assets 2023: $47,311,963Liabilities 2023: $6,954,465Net Assets 2023: $40,357,4982023Assets 2024: $48,433,987Liabilities 2024: $7,227,083Net Assets 2024: $41,206,9042024

Highlighted filing

2018

Assets$23,543,397
Liabilities$1,194,103
Net Assets$22,349,294

Operations Trend

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

$100M$50M$0-$50MExpenses 2010: $64,491,4182010Expenses 2011: $66,701,0342011Expenses 2012: $69,092,6122012Revenue 2013: $56,054,327Expenses 2013: $53,421,246Net Income 2013: $2,633,0812013Revenue 2014: $4,569,701Expenses 2014: $22,077,152Net Income 2014: -$17,507,4512014Revenue 2015: $4,297,105Expenses 2015: $4,208,524Net Income 2015: $88,5812015Revenue 2016: $2,241,541Expenses 2016: $4,667,029Net Income 2016: -$2,425,4882016Revenue 2017: $2,169,668Expenses 2017: $4,455,254Net Income 2017: -$2,285,5862017Revenue 2018: $2,497,149Expenses 2018: $3,511,393Net Income 2018: -$1,014,2442018Revenue 2019: $2,556,537Expenses 2019: $3,377,279Net Income 2019: -$820,7422019Revenue 2020: $2,981,355Expenses 2020: $2,280,361Net Income 2020: $700,9942020Revenue 2021: $2,935,455Expenses 2021: $2,889,828Net Income 2021: $45,6272021Revenue 2022: $3,103,080Expenses 2022: $2,201,176Net Income 2022: $901,9042022Revenue 2023: $2,906,725Expenses 2023: $9,074,935Net Income 2023: -$6,168,2102023Revenue 2024: $2,086,043Expenses 2024: $2,543,600Net Income 2024: -$457,5572024

Highlighted filing

2018

Revenue$2,497,149
Expenses$3,511,393
Net Income-$1,014,244
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 13, 2019
Return Version
2017v2.3
Gross Receipts
$2,497,149
Mission and Program Overview

Mission

Develop and support programs and facilities that promote and improve the health and wellness of the residents of ada, ok and the surrounding areas.

To provide health, wellness, and social service grants to 501(c)(3) organizations and governmental agencies located or operating within a 45 mile radius of ada, ok.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$14,123,532$13,861,305▼ $262,227
Land, Buildings, and Equipment, Net$9,319,217$7,796,972▼ $1,522,245
Investments Other Securities$1,474,337$1,578,773▲ $104,436
Cash and Non-Interest-Bearing Accounts$80,448$58,646▼ $21,802
Prepaid Expenses and Deferred Charges$73,899$29,997▼ $43,902
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$25,279,516$23,543,397▼ $1,736,119
Other Assets Total$208,083$217,704▲ $9,621
Liabilities
Grants Payable$1,231,869$802,436▼ $429,433
Other Liabilities$867,366$380,000▼ $487,366
Accounts Payable and Accrued Expenses$0$11,667▲ $11,667
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,099,235$1,194,103▼ $905,132
Net Assets / Fund Balance
Unrestricted Net Assets$21,680,281$20,849,294▼ $830,987
Temporarily Rstr Net Assets$1,500,000$1,500,000→ $0
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$23,180,281$22,349,294▼ $830,987
Total Liabilities and Net Assets / Fund Balance$25,279,516$23,543,397▼ $1,736,119

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,233,352$39,928,717$44,162,069
Buildings$3,274,194$27,898,974$31,173,168
Land$289,426-$289,426
Other Securities$1,578,773--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dr Mark WeemsPresident
Bart MccortneyVice-president
Frank MerrickExecutive Director
Angela EpplerTrustee
Bill LanceTrustee
Charles MettryTrustee
Dean PetersonTrustee
Doree ThompsonTrustee
Semira CharboneauTrustee
Susie Bolin-summersTrustee
Tom BolithoTrustee
Frank W Merrick JrAssistant Secretary
Sherrie SchroederAssistant Treasurer
Kyle StuartSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Foundation Management Inc--$128,337
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$79,382
Investment Income
$658,137
Other Revenue
$1,759,630
Change in Net Assets
$-1,014,244

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,504,839
Revenue Not Reported on Financial Statements
$-7,690
Revenue Not Reported on Form 990
$50,635
Other Revenue Adjustments
$-7,690
Total Revenue per Audited Statements
$2,555,474
Total Revenue per Form 990
$2,497,149
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,919,851
Grants and Similar Amounts Paid$1,580,473
Salaries, Compensation, and Employee Benefits$11,069
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,580,473--$1,580,473
Depreciation Depletion$1,204,446$301,111-$1,505,557
Fees for Services Management$140,004--$140,004
Office Expenses$73,037$18,259-$91,296
Fees for Service Investment Mgmnt Fees-$77,145-$77,145
Insurance$40,610$10,152-$50,762
Fees for Services Accounting-$23,504-$23,504
Current Officers, Directors, Trustees, and Key Employees$6,641$4,428-$11,069
Fees for Services Other$1,982$1,983-$3,965
Advertising$1,650--$1,650
Travel$1,262--$1,262
Other Expenses$12,786$875-$875
Total Functional Expenses$3,068,214$443,179$0$3,511,393

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,511,393
Expenses per Audited Statements$3,386,461
Total Expenses per Audited Statements$3,386,461
Expenses Not Reported on Financial Statements$124,932
Other Expense Adjustments$124,932
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mercy Health Foundation-adaAda, OK-Financial Support$930,070
East Central University FoundationAda, OK-Financial Support$235,080
Ada City School DistrictAda, OK-Financial Support$114,930
Pontotoc Technology CenterAda, OK-Financial Support$69,808
MCCALL'S CHAPEL SCHOOLAda, OK-Financial Support$63,500
Team Tyman Love Legacy CorpHoldenville, OK-Financial Support$30,000
Ada Homeless ServicesAda, OK-Financial Support$25,000
Calvin SchoolsCalvin, OK-Financial Support$25,000
Chickasaw FoundationAda, OK-Financial Support$25,000
Oklahoma Center for NonprofitsOklahoma City, OK-Financial Support$20,000
South Ok AddictionAda, OK-Financial Support$20,000
ABBA'S TABLES INCAda, OK-Financial Support$12,000
Allen Public SchoolsAllen, OK-Financial Support$10,085
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Rac and Medicaid Payable$300,000
Deferred Comp Payable$80,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section B, Line 11B

The form 990 is reviewed by the executive director and the board of directors before it is filed.

Part VI, Section B, Line12c

The governance committee meets regularly and is charged with the responsibility to enforce the policy through selection of new board members and review of current board members.

Part VI, Section B, Line 15A

Starting compensation is determined by an evaluation of experience and skills and set according to similar positions with other organizations. All compensation adjustments require board approval.

Filing and Contact Details

Filer

Filer Name
Valley View Foundation Inc
EIN
73-0630359
In Care Of
% SHERRIE SCHROEDER
Phone
5803208914
Address
1024 E BRITTON ROAD SUITE 200, OKLAHOMA CITY, OK 73131

Signing Officer

Name
Frank Merrick
Title
Executive Director
Phone
5802260700
Signed
2019-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frank Merrick
Formed
1935
Legal Domicile
Ok
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
11

Preparer

Firm
Finley & Cook PLLC
Address
1421 E 45th Street, Shawnee, OK 74804
Preparer
Jonathan Gauss
Phone
4058787300
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Net partnership income(loss) recognzied in current year for tax per k-1s ($7,690)

Financial Statement Notes

Part XI, Line 4B

Net partnership income(losses) from k-1s recognized to current year for tax purposes ($7,690) prior year audit adjustments ($124,932)

Part X, Line 2

The foundation evaluates and accounts for its uncertain tax positions, if any, in accordance with asc topic 740, "income taxes," including the foundation's tax position as a tax-exempt non-profit entity. Through the foundation's evaluation of its uncertain tax positions, management has determined no uncertain tax position existed as of june 30, 2017, which would require the foundation to record a liability for the uncertain tax positions in its financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt12ASSISTANT TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE DIRECTOR
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IRS990/LocalChaptersInd0false
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0DEVELOP AND SUPPORT PROGRAMS AND FACILITIES THAT PROMOTE AND IMPROVE THE HEALTH AND WELLNESS OF THE RESIDENTS OF ADA, OK AND THE SURROUNDING AREAS.
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
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IRS990/OtherChangesInNetAssetsAmt07690
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IRS990/OtherExpensesGrp/Desc1EQUIPMENT
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IRS990/OtherExpensesGrp/Desc3DUES AND FEES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2875
IRS990/OtherExpensesGrp/ProgramServicesAmt05323
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IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt073899
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt029997
IRS990/PrincipalOfficerNm0FRANK MERRICK
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IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
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IRS990/ProgramServiceRevenueGrp/Desc1PAYROLL AND SALES TAX REFUNDS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17709
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt071673
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17709
IRS990/ProgSrvcAccomActy2Grp/Desc0EFFECTIVE 07/01/2013 THIS ENTITY ENTERED INTO A HOSPITAL LEASE AGREEMENT WITH MERCY HEALTH OKLAHOMA COMMUNITIES, INC. TO LEASE SUBSTANTIALLY ALL OF THE ASSETS OF VALLEY VIEW HOSPITAL. UNDER THE TERMS OF THE LEASE, VALLEY VIEW HEALTH AND WELLNESS FOUNDATION WILL RECEIVE MONTHLY RENT PAYMENTS OF $150,000. ALL OF THE PROGRAM SERVICE REVENUE AND EXPENSES IN THIS SECTION ARE RELATED TO THE WINDING DOWN AND CLOSING OF THE OPERATION OF VALLEY VIEW HOSPITAL.
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IRS990/PYContributionsGrantsAmt00
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IRS990/PYGrantsAndSimilarPaidAmt02107029
IRS990/PYInvestmentIncomeAmt0273272
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IRS990/PYOtherExpensesAmt02287262
IRS990/PYOtherRevenueAmt01821336
IRS990/PYProgramServiceRevenueAmt075060
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IRS990/PYSalariesCompEmpBnftPaidAmt060963
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
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IRS990/RelatedEntityInd0true
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IRS990/ReportOtherAssetsInd0false
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$48.4$7.23$41.2$2.09$2.54$0.46
2023Detailed filing. Detailed filing data is available for this year.$47.3$6.95$40.4$2.91$9.07$6.17
2022Detailed filing. Detailed filing data is available for this year.$23.4$0.01$23.4$3.10$2.20$0.90
2021Detailed filing. Detailed filing data is available for this year.$25.3$0.22$25.1$2.94$2.89$0.05
2020Detailed filing. Detailed filing data is available for this year.$22.4$0.07$22.3$2.98$2.28$0.70
2019Detailed filing. Detailed filing data is available for this year.$22.6$0.86$21.7$2.56$3.38$0.82
2018Detailed filing. Detailed filing data is available for this year.$23.5$1.19$22.3$2.50$3.51$1.01
2017Summary only. Only limited summary data is available for this year.$25.3$2.10$23.2$2.17$4.46$2.29
2016Detailed filing. Detailed filing data is available for this year.$26.1$1.55$24.5$2.24$4.67$2.43
2015Summary only. Only limited summary data is available for this year.$27.5$1.02$26.5$4.30$4.21$0.09
2014Detailed filing. Detailed filing data is available for this year.$40.7$14.3$26.4$4.57$22.1$17.5
2013Summary only. Only limited summary data is available for this year.$53.8$8.01$45.8$56.1$53.4$2.63
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.9$7.22$44.6$69.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.7$7.87$38.8$66.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.6$6.48$34.1$64.5