Civic Intelligence

W O Walker Center Inc.

990 • Fiscal year 2020 • EIN 91-1818256

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 22, 2021

10700 Euclid AvenueCleveland, OH 44106

(216) 421-7744

Siviq Scores

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

Liabilities / Assets

49th percentile

0.21x

Higher debt load relative to assets than 49% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

71st percentile

0.66x

Higher debt load relative to revenue than 71% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

85th percentile

35%

Higher net margin than 85% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

99th percentile

$1,947,859

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 31.3% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

32nd percentile

1.3%

Faster asset growth than 32% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

39th percentile

-2.0%

Faster revenue growth than 39% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$19,508,460

Up $255,330 (+1.3%) from 2019

Net Assets

Up

$15,377,694

Up $2,283,176 (+17%) from 2019

Liabilities

Down

$4,130,766

Down $2,027,846 (-33%) from 2019

Revenue

Down

$6,218,520

Down $126,451 (-2.0%) from 2019

Expenses

Down

$4,025,344

Down $28,008 (-0.7%) from 2019

Net Income

Down

$2,193,176

Down $98,443 (-4.3%) from 2019

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2010: $21,121,058Liabilities 2010: $26,807,098Net Assets 2010: -$5,686,0402010Assets 2011: $20,672,545Liabilities 2011: $25,556,280Net Assets 2011: -$4,883,7352011Assets 2012: $21,043,879Liabilities 2012: $21,233,341Net Assets 2012: -$189,4622012Assets 2013: $18,853,766Liabilities 2013: $17,920,282Net Assets 2013: $933,4842013Assets 2014: $18,791,206Liabilities 2014: $16,065,950Net Assets 2014: $2,725,2562014Assets 2015: $18,562,443Liabilities 2015: $14,158,559Net Assets 2015: $4,403,8842015Assets 2016: $18,593,117Liabilities 2016: $12,009,796Net Assets 2016: $6,583,3212016Assets 2017: $18,766,183Liabilities 2017: $10,048,260Net Assets 2017: $8,717,9232017Assets 2018: $18,896,416Liabilities 2018: $8,093,517Net Assets 2018: $10,802,8992018Assets 2019: $19,253,130Liabilities 2019: $6,158,612Net Assets 2019: $13,094,5182019Assets 2020: $19,508,460Liabilities 2020: $4,130,766Net Assets 2020: $15,377,6942020Assets 2021: $19,729,896Liabilities 2021: $2,355,221Net Assets 2021: $17,374,6752021Assets 2022: $19,446,269Liabilities 2022: $340,199Net Assets 2022: $19,106,0702022Assets 2023: $19,839,177Liabilities 2023: $311,617Net Assets 2023: $19,527,5602023Assets 2024: $20,167,953Liabilities 2024: $387,204Net Assets 2024: $19,780,7492024

Highlighted filing

2020

Assets$19,508,460
Liabilities$4,130,766
Net Assets$15,377,694

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0Revenue 2010: $7,674,921Expenses 2010: $6,463,903Net Income 2010: $1,211,0182010Revenue 2011: $7,022,302Expenses 2011: $6,219,997Net Income 2011: $802,3052011Expenses 2012: $5,859,5022012Revenue 2013: $6,418,846Expenses 2013: $5,295,900Net Income 2013: $1,122,9462013Revenue 2014: $5,889,740Expenses 2014: $4,097,968Net Income 2014: $1,791,7722014Revenue 2015: $5,833,790Expenses 2015: $4,155,163Net Income 2015: $1,678,6272015Revenue 2016: $6,303,668Expenses 2016: $4,124,231Net Income 2016: $2,179,4372016Revenue 2017: $6,252,651Expenses 2017: $4,120,180Net Income 2017: $2,132,4712017Revenue 2018: $6,142,414Expenses 2018: $4,137,158Net Income 2018: $2,005,2562018Revenue 2019: $6,344,971Expenses 2019: $4,053,352Net Income 2019: $2,291,6192019Revenue 2020: $6,218,520Expenses 2020: $4,025,344Net Income 2020: $2,193,1762020Revenue 2021: $6,201,003Expenses 2021: $4,214,022Net Income 2021: $1,986,9812021Revenue 2022: $6,246,130Expenses 2022: $4,514,735Net Income 2022: $1,731,3952022Revenue 2023: $4,815,117Expenses 2023: $4,393,627Net Income 2023: $421,4902023Revenue 2024: $5,004,894Expenses 2024: $4,751,705Net Income 2024: $253,1892024

Highlighted filing

2020

Revenue$6,218,520
Expenses$4,025,344
Net Income$2,193,176
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 22, 2021
Return Version
2020v4.1
Gross Receipts
$6,218,520
Mission and Program Overview

Mission

The corporation is operated to support the functions of university hospitals cleveland medical center and the cleveland clinic foundation which are both tax exempt entities under section 501(c)(3) of the irs code.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$18,148,934$18,361,924▲ $212,990
Rtn Earn Endowment Incm Other Fnds$13,094,518$15,287,694▲ $2,193,176
Savings and Temporary Cash Investments$533,341$659,016▲ $125,675
Accounts Receivable$534,880$461,840▼ $73,040
Pd in Cap Srpls Land Bldg Eqp Fund-$90,000-
Prepaid Expenses and Deferred Charges$35,975$25,680▼ $10,295
Total Assets$19,253,130$19,508,460▲ $255,330
Liabilities
Deferred Revenue$5,806,594$3,861,070▼ $1,945,524
Accounts Payable and Accrued Expenses$352,018$269,696▼ $82,322
Total Liabilities$6,158,612$4,130,766▼ $2,027,846
Net Assets / Fund Balance
Total Net Assets Fund Balance$13,094,518$15,377,694▲ $2,283,176
Total Liabilities and Net Assets / Fund Balance$19,253,130$19,508,460▲ $255,330

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,120,575$18,407,350-
Other Land Buildings$12,012,185$6,738,244-
Land$2,119,455--
Equipment$5,637$1,143,442-
Leasehold Improvements$1,104,072$13,690,742-
Compensation and Service Providers

Employees

NameTitleOtherTotal
William PeacockTrustee/co-president$1,947,859$1,947,859
J Pat Rios Pe CemTrustee$395,254$395,254
Frank TitasSecretary/trustee$316,061$316,061
Heather SummersSecretary/trustee$255,130$255,130
Sarah E HopkinsTrustee$136,319$136,319

Highest Paid Contractors

ContractorServicesLocationCompensation
-Construction7676 NOTHFIELD ROAD, Walton Hills, OH 44146$715,950
Honeywell International INCCleaning ServicePO Box 638356, Cincinnati, OH 45263$350,807
The Smith Oby Service CompanyConstruction12490 COLLECTIONS CENTER DRIVE, Chicago, IL 60693$283,899
Sodexo INC AffiliatesFood ServicesPO BOX 360170, Pittsburgh, OH 15251$273,058
Donley Restoration Group LLCConstruction5430 WARNER ROAD, Cleveland, OH 44125$190,800
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,214,439
Investment Income
$3,031
Other Revenue
$1,050
Change in Net Assets
$2,193,176
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,025,344
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$1,445,386$23,060$0$1,468,446
Depreciation Depletion$1,110,352$0$0$1,110,352
Occupancy$622,122$0$0$622,122
Other Expenses$153,342$0$0$153,342
Fees for Services Management$0$88,824$0$88,824
Insurance$0$85,671$0$85,671
Fees for Services Accounting$0$28,850$0$28,850
Office Expenses$0$9,808$0$9,808
Travel$45$0$0$45
Total Functional Expenses$3,785,726$239,618$0$4,025,344
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
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
Yes
Filing and Contact Details

Filer

Filer Name
Wo Walker Center Inc
EIN
91-1818256
Phone
2164217744
Address
10700 EUCLID AVENUE, CLEVELAND, OH 44106

Signing Officer

Name
Michael R Vehovec
Title
Trustee/treasurer
Phone
2164217744
Signed
2021-07-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael R Vehovec
Formed
1996
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
0
Employees
0
Volunteers
6

Preparer

Firm
Richlak Lawyer & Co
Address
9140 Tyler Boulevard, Mentor, OH 44060
Preparer
Dale E Richlak CPA
Phone
4402554400
Supplemental Narrative

Additional Explanations

Pt VI, Line 12C

Annually the trustees must disclose their business

Pt VI, Line 12C

And family relationships.

Pt VI, Line 3

The corporation contracts with a management company

Pt VI, Line 3

Which is responsible for all personnel to operate

Pt VI, Line 3

And maintain the facility.

Pt VI, Line 6

The code of regulations provides that the members

Pt VI, Line 6

Of the corporation are the cleveland clinic foundation

Pt VI, Line 6

And university hospitals cleveland medical center.

Pt VI, Line 7A

Each member shall appoint an equal number of trustees. The

Pt VI, Line 7A

Number of trustees shall not be fewer than six.

Pt VI, Line 19

Documents are provided upon request.

Pt VI, Line 11B

The trustees review and approve form 990 before filing.

Pt XI

Capital contributions from cleveland clinic foundation and

Pt XI

University hospitals cleveland medical center.

Form 990, Part IX, Line 24E

Dues and subscriptions 3049. 0. 3049. 0.

Form 990, Part IX, Line 24E

Equipment rental 4928. 0. 4928. 0.

Form 990, Part IX, Line 24E

Licenses, fees & dues 3121. 3121. 0. 0.

Form 990, Part IX, Line 24E

Postage 1198. 0. 1198. 0.

Form 990, Part IX, Line 24E

Purchased services - benefits 244842. 244842. 0. 0.

Form 990, Part IX, Line 24E

Purchased services - personnel 807048. 807048. 0. 0.

Form 990, Part IX, Line 24E

Repairs & maintenance 207654. 207654. 0. 0.

Form 990, Part IX, Line 24E

Service contracts 173560. 173560. 0. 0.

Form 990, Part IX, Line 24E

Telephone 12935. 0. 12935. 0.

Form 990, Part IX, Line 24E

Uniforms 9161. 9161. 0. 0.

Form 990, Part IX, Line 24E

MEAlS & ENTERTAINMENT 950. 0. 950. 0.

Raw XML AppendixShowing 400 of 665 raw XML fields

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/MissionDesc0THE CORPORATION IS OPERATED TO SUPPORT THE FUNCTIONS OF UNIVERSITY HOSPITALS CLEVELAND MEDICAL CENTER AND THE CLEVELAND CLINIC FOUNDATION WHICH ARE BOTH TAX EXEMPT ENTITIES UNDER SECTION 501(C)(3) OF THE IRS CODE.
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IRS990/PrincipalOfficerNm0MICHAEL R VEHOVEC
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IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
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IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE W.O. WALKER CENTER PROVIDES THE USE OF ITS FACILITIES THROUGH A MASTER LEASE WITH UNIVERSITY HOSPITALS CLEVELAND MEDICAL CENTER AND THE CLEVELAND CLINIC FOUNDATION. THE BOARD OF THE W.O. WALKER CENTER IS COMPOSED OF AN EQUAL AMOUNT OF TRUSTEES FROM EACH ORGANIZATION WHICH DETERMINE THE INVESTMENT POLICIES AND USES OF THE W.O. WALKER CENTERS INCOME AND ASSETS JOINTLY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE W.O. WALKER CENTER MAINTAINS MEDICAL OFFICE SPACE USED EXCLUSIVLY FOR THE BENEFIT OF UNIVERSITY HOSPITALS CLEVELAND MEDICAL CENTER AND THE CLEVELAND CLINIC FOUNDATION TO ENABLE THEM TO PROVIDE HEALTH CARE SERVICES TO THE PUBLIC.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2UNIVERSITY HOSPITALS CLEVELAND MEDICAL CENTER AND THE CLEVELAND CLINIC FOUNDATION WOULD HAVE TO ENGAGE IN THE PROCUREMENT OF MEDICAL OFFICE SPACE AT OTHER LOCATIONS TO CARRY OUT THEIR MISSION IF THE W.O. WALKER CENTER WAS NOT INVOLVED IN SUCH ACTIVITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt IV Sec D Ln 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Pt IV Sec E Ln 2a
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2Pt IV Sec E Ln 2b
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0UNIVERSITY HOSPITALS CLEVELAND MEDICAL CENTER
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1THE CLEVELAND CLINIC FOUNDATION
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IRS990ScheduleD/EquipmentGrp/BookValueAmt05637
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01143442
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt01149079
IRS990ScheduleD/LandGrp/BookValueAmt02119455
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt02119455
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IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt014794814
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06738244
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt40
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3286985
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt4131253

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.2$0.39$19.8$5.00$4.75$0.25
2023Summary only. Only limited summary data is available for this year.$19.8$0.31$19.5$4.82$4.39$0.42
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.4$0.34$19.1$6.25$4.51$1.73
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.7$2.36$17.4$6.20$4.21$1.99
2020Detailed filing. Detailed filing data is available for this year.$19.5$4.13$15.4$6.22$4.03$2.19
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.3$6.16$13.1$6.34$4.05$2.29
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.9$8.09$10.8$6.14$4.14$2.01
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.8$10.0$8.72$6.25$4.12$2.13
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.6$12.0$6.58$6.30$4.12$2.18
2015Detailed filing. Detailed filing data is available for this year.$18.6$14.2$4.40$5.83$4.16$1.68
2014Detailed filing. Detailed filing data is available for this year.$18.8$16.1$2.73$5.89$4.10$1.79
2013Detailed filing. Detailed filing data is available for this year.$18.9$17.9$0.93$6.42$5.30$1.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.0$21.2$0.19$5.86
2011Summary only. Only limited summary data is available for this year.$20.7$25.6$4.88$7.02$6.22$0.80
2010Summary only. Only limited summary data is available for this year.$21.1$26.8$5.69$7.67$6.46$1.21
Peer Organizations

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