Intracoastal Health Systems Inc in Newtown Square, Pennsylvania (PA)

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Intracoastal Health Systems Inc
Employer Identification Number (EIN)650556413
Name of OrganizationIntracoastal Health Systems Inc
In Care of NameRobert Vanmetre
Address3805 West Chester Pike, Newtown Square, PA 19073-2329
ActivitiesOther health services, Non financial services of facilities to other organizations
SubsectionCharitable Organization
Ruling Date10/1995
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$5,000,000 to $9,999,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$7,710,529
Amount of Income$81,496
Form 990 Revenue Amount$81,496
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Community Health Systems


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Amount of income in 2011: $81,496
Intracoastal Health Systems Inc: 

 $81,496
Other organizations performing similar types of work: 

 $2,079,411

Assets in 2011: $7,710,529
Intracoastal Health Systems Inc: 

 $7,710,529
Other organizations performing similar types of work: 

 $3,246,959

Expenses in 2005: $490,196
Intracoastal Health Systems Inc: 

 $490,196
Other organizations performing similar types of work: 

 $25,657,865

Income to expenses ratio in 2005: 14.7
Intracoastal Health Systems Inc: 

 14.7
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2005: 0.0%
Intracoastal Health Systems Inc: 

 0.0%
Other organizations performing similar types of work: 

 81.8%

Grants share in income in 2005: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 0.5%

Financial snapshot ($)

Revenue for 2005

Assets at end of 2005

Income-Producing Activities for 2005

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20012002200320042005
Total revenue$53,188,022$12,630,157$2,499,934$3,127,415$7,192,508
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0
Contributions to donor advised funds
Direct public support$0$0$0$0$0
Indirect public support$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0
Program service revenue including government fees and contracts$53,122,743$1,228,677$0$0$0
Membership dues and assessments$0$0$0$0$0
Interest on savings and temporary cash investments$1,215,412$1,914,892$1,586,681$1,261,144$1,446,117
Dividends and interest from securities$0$0$0$0$0
Net rental income or (loss)$0$0$0$0$0
Gross rents$0$0$0$0$0
Less: rental expenses$0$0$0$0$0
Other investment income$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$-2,591,153$0$0$0$0
Gross amount from sales of assets other than inventory$6,651,880$0$0$0$0
Less: cost or other basis and sales expenses$9,243,033$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$0$0
Gross revenue$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0
Other revenue$1,441,020$9,486,588$913,253$1,866,271$5,746,391
Total expenses$87,879,232$23,827,617$6,260,652$14,366,903$490,196
Program services$54,517,242$16,837,884$4,208,292$10,992,660$0
Management and general$33,361,990$6,989,733$2,052,360$3,374,243$490,196
Fundraising$0$0$0$0$0
Payments to affiliates$0$0$0$0$0
Net assets or fund balances at end of year$7,638,183$-3,318,323$-7,079,041$-18,318,529$-9,751,272
Excess or (deficit) for the year$-34,691,210$-11,197,460$-3,760,718$-11,239,488$6,702,312
Net assets or fund balances at beginning of year$-14,547,212$7,638,183$-3,318,323$-7,079,041$-18,318,529
Other changes in net assets or fund balances$56,876,605$240,954$0$0$1,864,945
Statement of Functional Expenses (for 2005)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$490,196$0$490,196$0
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$490,196$0$490,196$0
Balance Sheets
20012002200320042005
Total assets$92,134,972$77,565,008$67,808,442$61,409,958$53,336,448
Cash - non-interest-bearing$4,117,268$0$0$101,832$135,973
Savings and temporary cash investments$3,432,408$19,020,238$13,096,536$14,899,984$13,811,625
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$850,000$0$0$0
Grants receivable$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$3,140,636$0
Inventories for sale or use$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0$0
Investments - publicly-traded securities
Investments - other securities$19,226,210$19,211,931$18,485,520$18,705,000$19,137,000
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0
Investments - other$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$0$0$0$0$0
Other assets, including program-related investments$65,359,086$38,482,839$36,226,386$24,562,506$20,251,850
Total liabilities$84,496,789$80,883,331$74,887,483$79,728,487$63,087,720
Accounts payable and accrued expenses$54,341,780$45,141,611$37,361,077$40,588,577$22,683,679
Grants payable$0$0$0$0$0
Deferred revenue$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0
Other liabilities$30,155,009$35,741,720$37,526,406$39,139,910$40,404,041
Total liabilities and net assets/fund balances$92,134,972$77,565,008$67,808,442$61,409,958$53,336,448
Total net assets or fund balances$7,638,183$-3,318,323$-7,079,041$-18,318,529$-9,751,272
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20012002200320042005
Total revenue$0$0$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0$0$0
Other expenses$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0
Other$0$0$0$0$0
Other revenue$0$0$0$0$0
Investment expenses$0$0$0$0$0
Other$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20012002200320042005
Total expenses$0$0$0$0$0
Total expenses and losses per audited financial statements$0$0$0$0$0
Other revenue$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0
Prior year adjustments$0$0$0$0$0
Losses$0$0$0$0$0
Other$0$0$0$0$0
Other expenses$0$0$0$0$0
Investment expenses$0$0$0$0$0
Other$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings3
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2005)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$1,446,117$5,746,391
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,446,117$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$5,746,391
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2005)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
650353973100%$58,390$3,617,279
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2005)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2005)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Support Schedule
20002001200220032004
Total$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0
Membership fees received$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0
Other income$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2005)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$81,496
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$15,053
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$66,443
Statement of Functional Expenses (for 2011)
Total functional expenses$2,132,017
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$2,132,017
Balance Sheet (for 2011)
Total assets$7,710,529
Total liabilities$38,936,282
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$38,936,282
Total net assets or fund balances$-31,225,753
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1University Hospitals Health System Inc, Group Return11100 Euclid Ave, Cleveland, OH 44106-1716OH1989-02$2,085,037,000
2Providence Medical Research Center101 W 8th Ave, Spokane, WA 99204-2307WA1946-03$1,231,839,049
3Saint Thomas Health Services4220 Harding Pike, Nashville, TN 37205-2005TN1988-01$236,028,271
4Gulf Health Hospitals IncPO BOX 2226, Mobile, AL 36652-2226AL1986-06$169,820,582
5Mayo Clinic Health System In Waycross Inc1900 Tebeau St, Waycross, GA 31501-6357GA1986-07$147,340,226
6Wellspan HealthPO BOX 2767, York, PA 17405-2767PA1984-11$143,697,382
7Familycare Inc825 Ne Multnomah St Ste 300, Portland, OR 97232-2157OR1994-06$141,807,725
8Norton Sound Health CorporationPO BOX 966, Nome, AK 99762-0966AK1975-12$122,659,995
9Nazareth Health Care Foundation2701 Holme Avenue, Philadelphia, PA 19152-2029PA1985-04$168,197
10Intracoastal Health Systems Inc3805 West Chester Pike, Newtown Square, PA 19073-2329PA1995-10$81,496
11Aria Health SystemKnights Red Lion, Philadelphia, PA 19114PA1981-11$60,172,780
12Carbon Schiylkill Community Hospital Inc, St Lukes Mines Memorial Hospital360 W Ruddle St, Coaldale, PA 18218-1027PA1993-01$41,173,967
13Mercy Management Of Southeastern Pennsylvania1 W Elm St Ste 100, Conshohocken, PA 19428-4108PA1991-04$40,428,992
14Clinical Pathology Institute Inc1526 Peach St, Erie, PA 16501-2110PA1997-04$17,198,119
15Creative Health Services Inc11 Robinson St, Pottstown, PA 19464-6421PA1960-01$11,412,792
16Bornemann Health Corporation2500 Bernville Rd, Reading, PA 19605-9453PA1946-03$6,908,084
17Jersey Shore Hospital Foundation1020 Thompson St, Jersey Shore, PA 17740-1729PA1989-08$6,105,735
18Laurel Management Services15 Meade St, Wellsboro, PA 16901-1813PA1992-12$4,976,855
19Lehigh Valley Health Network2100 Mack Blvd, Allentown, PA 18103-5622PA1984-06$4,551,001
20Public Health Fund260 S Broad St Ste 1800, Philadelphia, PA 19102-5000PA1976-06$4,192,129
Number of organizations performing similar types of work
Alaska1
Alabama4
Arkansas4
Arizona2
California17
Colorado8
Connecticut9
District of Columbia1
Delaware1
Florida6
Georgia7
Hawaii1
Iowa3
Illinois16
Indiana8
Kansas5
Kentucky4
Louisiana4
Massachusetts21
Maryland6
Maine4
Michigan12
Minnesota7
Missouri3
Mississippi5
Montana3
North Carolina7
Nebraska5
New Hampshire5
New Jersey12
New Mexico1
Nevada2
New York24
Ohio31
Oklahoma8
Oregon1
Pennsylvania34
Rhode Island1
South Carolina3
South Dakota3
Tennessee6
Texas11
Utah1
Virginia9
Vermont2
Washington4
Wisconsin5
West Virginia2
Total339

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