Civic Intelligence

Legacy Adventist Venture

990 • Fiscal year 2015 • EIN 93-1121816

Apr 01, 2014 to Mar 31, 2015 • Filed on Feb 10, 2016

1919 NW Lovejoy StreetPortland, OR 97209

(503) 415-5600

Siviq Scores

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

Liabilities / Assets

91st percentile

1.00x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

54th percentile

0.13x

Higher debt load relative to revenue than 54% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

64th percentile

8.1%

Higher net margin than 64% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

99th percentile

$696,578

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 63.5% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

97th percentile

158%

Faster asset growth than 97% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

97th percentile

264%

Faster revenue growth than 97% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$144,246

Up $88,345 (+158%) from 2014

Net Assets

Flat

$0

Flat from 2014

Liabilities

Up

$144,246

Up $88,345 (+158%) from 2014

Revenue

Up

$1,097,423

Up $796,276 (+264%) from 2014

Expenses

Up

$1,009,058

Up $763,108 (+310%) from 2014

Net Income

Up

$88,365

Up $33,168 (+60%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $599,904Liabilities 2010: $599,904Net Assets 2010: $02010Assets 2011: $1,105,432Liabilities 2011: $1,105,432Net Assets 2011: $02011Assets 2012: $165,411Liabilities 2012: $165,411Net Assets 2012: $02012Assets 2013: $0Liabilities 2013: $0Net Assets 2013: $02013Assets 2014: $55,901Liabilities 2014: $55,901Net Assets 2014: $02014Assets 2015: $144,246Liabilities 2015: $144,246Net Assets 2015: $02015Assets 2016: $117,141Liabilities 2016: $117,141Net Assets 2016: $02016Assets 2017: $789Liabilities 2017: $789Net Assets 2017: $02017Assets 2018: $125,156Liabilities 2018: $125,156Net Assets 2018: $02018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2015

Assets$144,246
Liabilities$144,246
Net Assets$0

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $4,937,9692010Expenses 2011: $4,853,7342011Expenses 2012: $2,650,4892012Revenue 2013: $566,372Expenses 2013: $535,574Net Income 2013: $30,7982013Revenue 2014: $301,147Expenses 2014: $245,950Net Income 2014: $55,1972014Revenue 2015: $1,097,423Expenses 2015: $1,009,058Net Income 2015: $88,3652015Revenue 2016: $1,176,633Expenses 2016: $1,203,681Net Income 2016: -$27,0482016Revenue 2017: $753,272Expenses 2017: $869,623Net Income 2017: -$116,3512017Revenue 2018: $313,823Expenses 2018: $189,456Net Income 2018: $124,3672018Revenue 2019: $2Expenses 2019: $125,158Net Income 2019: -$125,1562019

Highlighted filing

2015

Revenue$1,097,423
Expenses$1,009,058
Net Income$88,365
Jump To
Filing Snapshot
Filing Period
Apr 1, 2014 to Mar 31, 2015
Signed
Feb 10, 2016
Return Version
2014v6.0
Gross Receipts
$1,097,423
Mission and Program Overview

Mission

The legacy adventist venture coordinates behavioral health services contracts including mental health, chemical dependency and inpatient services to those whose care would otherwise be provided in state sponsored programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$55,901$144,246▲ $88,345
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$55,901$144,246▲ $88,345
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$55,901$144,246▲ $88,345
Total Liabilities$55,901$144,246▲ $88,345
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$55,901$144,246▲ $88,345
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lori J Morgan MdChairman
Anthony J Melaragno MdVice Chair
Thomas RussellCEO
P Campbell GronerFormer Secretary
V Mark PerryFormer Treasurer
Robert E DewittSecretary
Ron BenfieldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,097,376
Investment Income
$47
Other Revenue
$0
Change in Net Assets
$88,365
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,009,058
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
Other Expenses$1,009,058--$1,009,058
Total Functional Expenses$1,009,058$0$0$1,009,058
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Legacy Health and Adventist Health West are the sole members of Legacy Adventist Venture.

Form 990, Part VI, Line 11B: Form 990 Review Process

All Legacy Adventist Venture Board Members received copies of the Form 990 prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The following describes the conflict of interest procedures within the Bylaws of the Legacy Adventist Venture. A conflict of interest transaction is a transaction with Legacy Adventist Venture in which a Director has a direct or indirect interest. The employment by, or membership on the Board of Directors of, a member of Legacy Adventist Venture shall not be deemed to be a conflict of interest transaction for any purpose, including all purposes relevant to this Section. A conflict of interest transaction is not voidable by Legacy Adventist Venture solely because of the Director's interest in the transaction if the transaction the authority of the Board of Directors over such transaction, after disclosure to the Board of Directors or the committee of the material facts of the transaction and the Director's interest.(b) For the purposes of this section, a Director has an indirect interest in atransaction if (1) another entity in which the Director has a material interest or in which the Director is a general partner is a party to the transaction, or (2) the Director is a director, officer, or trustee of another entity which is not described in the last sentence of this paragraph and is a party to the transaction, and the transaction is or should be considered by the Board of Directors. A Director does not have a direct or indirect interest in a transaction solely by serving as the director, officer, or trustee of an entity which substantially controls, is under substantially common control with, is wholly owned by or is substantially controlledby Legacy Adventist Venture.(c) For purposes of this section, a conflict of interest transaction isauthorized, approved, or ratified if it receives the affirmative vote of a majority of the Directors on the Board of Directors, or on the committee, who have no direct or indirect interest in the transaction. A transaction may not be authorized, approved, or ratified under this section by a single Director. Notwithstanding any provision of these Bylaws to the contrary, if a majority of the Directors who have no direct or indirect interest in the transaction vote to authorize, approve, or ratify the transaction, a quorum is present for the purpose of taking action under this section. The presence of, or a vote cast by, a Director with a direct or indirect interest- in the transaction does not affect the validity of any actiontaken under this section if the transaction is otherwise authorized, approved or ratified as provided in this section.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Legacy Adventist Venture
EIN
93-1121816
Phone
5034155600
Address
1919 NW LOVEJOY STREET, PORTLAND, OR 97209

Signing Officer

Name
Anthony J Melaragno Md
Title
Vice Chair
Signed
2016-02-10

Organization Details

Principal Officer
Anthony J Melaragno Md
Formed
1992
Legal Domicile
Or
Voting Board Members
4
Independent Board Members
0
Employees
0
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Due to Facilities = -$88365

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Previously, the State of Oregon Contract for behavioral health services were reported by affiliated entities providing the services. Beginning in fiscal year 2009 this activity was reported gross on the Legacy Adventist Venture return.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ANTHONY J MELARAGNO MD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1LORI J MORGAN MD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2P CAMPBELL GRONER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3ROBERT E DEWITT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4RON BENFIELD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5THOMAS RUSSELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm6V MARK PERRY
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Legacy Health and Adventist Health West are the sole members of Legacy Adventist Venture.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All Legacy Adventist Venture Board Members received copies of the Form 990 prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The following describes the conflict of interest procedures within the Bylaws of the Legacy Adventist Venture. A conflict of interest transaction is a transaction with Legacy Adventist Venture in which a Director has a direct or indirect interest. The employment by, or membership on the Board of Directors of, a member of Legacy Adventist Venture shall not be deemed to be a conflict of interest transaction for any purpose, including all purposes relevant to this Section. A conflict of interest transaction is not voidable by Legacy Adventist Venture solely because of the Director's interest in the transaction if the transaction the authority of the Board of Directors over such transaction, after disclosure to the Board of Directors or the committee of the material facts of the transaction and the Director's interest.(b) For the purposes of this section, a Director has an indirect interest in atransaction if (1) another entity in which the Director has a material interest or in which the Director is a general partner is a party to the transaction, or (2) the Director is a director, officer, or trustee of another entity which is not described in the last sentence of this paragraph and is a party to the transaction, and the transaction is or should be considered by the Board of Directors. A Director does not have a direct or indirect interest in a transaction solely by serving as the director, officer, or trustee of an entity which substantially controls, is under substantially common control with, is wholly owned by or is substantially controlledby Legacy Adventist Venture.(c) For purposes of this section, a conflict of interest transaction isauthorized, approved, or ratified if it receives the affirmative vote of a majority of the Directors on the Board of Directors, or on the committee, who have no direct or indirect interest in the transaction. A transaction may not be authorized, approved, or ratified under this section by a single Director. Notwithstanding any provision of these Bylaws to the contrary, if a majority of the Directors who have no direct or indirect interest in the transaction vote to authorize, approve, or ratify the transaction, a quorum is present for the purpose of taking action under this section. The presence of, or a vote cast by, a Director with a direct or indirect interest- in the transaction does not affect the validity of any actiontaken under this section if the transaction is otherwise authorized, approved or ratified as provided in this section.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Due to Facilities = -$88365
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Changes In Net Assets Or Fund Balances - Other Decreases
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