2014-11-14T11:09:11-06:00 2013-12-31 410746749 CliftonLarsonAllen LLP 5001 Spring Valley Road Suite 600W Dallas TX 75244 990 2013-01-01 752768233 Sears Plains Retirement Corporation SEAR 3256915519 One Village Drive No 400 Abilene TX 79606 Randal Crosswhite Interim CFO 3256915519 2014-11-13 1 Michael Siegel P01587323 9723835700 2013 2015-11-30 17:44:51Z Garrison Geriatric Education and Care Center Susan Whittle 1114 Lost Creek Blvd Ste 210 Austin TX 78746 8699797 0 X www.sears-methodist.org X 1998 TX The mission of Sears is to provide leadership in response to the needs of our aging population. We believe we have a responsibility for studying, analyzing, planning, developing, and implementing quality service to the aging where appropriate needs are found for Health Care and residential living services and can be provided in a Christian environment. 9 9 249 87 0 0 316446 816130 7778716 7861849 0 0 0 21818 8095162 8699797 0 0 0 0 4355967 4440359 0 0 0 4012491 4100312 8368458 8540671 -273296 159126 12426936 12907773 9949289 10289375 2477647 2618398 X The mission of Sears is to provide leadership in response to the needs of our aging population. We believe we have a responsibility for studying, analyzing, planning, developing, and implementing quality service to the aging where appropriate needs are found for Health Care and residential living services and can be provided in a Christian environment. 0 0 6929377 7861849 Sears Plains Retirement Corporation, DBA: Garrison Geriatric Education and Care Center owns and operates a senior living facility. The facility provides nursing home and dementia care. It also provides long-term nursing care to elderly as well as a Medicare skilled care unit for rehabilitation. The facility consists of a 120 bed skilled nursing facility and also serves as a place of instruction for health students from the Texas Tech Health Sciences Center. 6929377 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 19 0 249 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Randal Crosswhite Interim CFO 3256915519 One Village Drive Suite 400 Abilene TX 79606 Larry Dodson Chairman 1.00 8.00 X X 0 0 0 Rick Rhodes Vice-Chairman 1.00 8.00 X X 0 0 0 Carol Denton Secretary 1.00 8.00 X X 0 0 0 David Lynn Treasurer 1.00 8.00 X X 0 0 0 Quintan Chamness Trustee 1.00 8.00 X 0 0 0 Barbara Cherry Trustee 1.00 8.00 X 0 0 0 Bita Kash Trustee 1.00 8.00 X 0 0 0 Dan Olson Trustee 1.00 8.00 X 0 0 0 Mike Sullivan Trustee 1.00 8.00 X 0 0 0 Keith Perry President, CEO and Ex-Officio Trustee 2.00 38.00 X 0 314193 136832 Terry Myers Senior Vice President & CFO 2.00 38.00 X 0 253127 45939 Gary Anderson Executive Vice President & COO 2.00 38.00 X 0 187944 21578 Michael Sims Senior Vice President - Operations 2.00 38.00 X 0 191709 62402 Kenneth Fincher Senior Vice President and Director of Sears Method 2.00 38.00 X 0 139459 21063 Windell Hawkins Senior Vice President - Risk Management 2.00 38.00 X 0 113519 39992 Kent Herring Regional Vice President & Executive Director 2.00 38.00 X 0 135898 42349 Randal Crosswhite Vice President & Controller 2.00 38.00 X 0 141963 22867 Melanie Juel Vice President - Human Resources 2.00 38.00 X 0 141143 4794 Gordon Shoger Vice President - Financial Operations 2.00 38.00 X 0 123812 13948 Terry Huskey Vice President - Information Technology 2.00 38.00 X 0 103225 29342 Mary Goodin Vice President - Clinical Services 2.00 38.00 X 0 87105 7761 Stephen Illingworth Vice President - Veterans Services 2.00 38.00 X 0 49539 0 Wendy Grimes Administrator 38.00 2.00 X 0 103753 14068 0 2086389 462935 0 0 1 0 Select Rehab PO Box 809056 Chicago IL 60680 Therapy Services 561766 Pharmerica PO Box 409251 Atlanta GA 30384 Medical Drugs for Residents 348993 Select Medical Rehab PO Box 643920 Pittsburgh PA 15264 Therapy Services 250200 Ben E Keith PO Box 1588 Amarillo TX 79105 Food Service 192936 Medline Industries PO Box 1080 Dallas TX 753121080 Medical Supplies 155511 6 34016 782114 816130 Resident Charges 623000 7861849 7861849 7861849 Other Revenue 900099 21818 21818 21818 8699797 7861849 0 21818 X 3910219 3559580 350639 69 63 6 217462 197962 19500 312609 284577 28032 447750 447750 55714 55714 1005034 943362 61672 22520 15205 7315 26271 26271 173642 106720 66922 9877 9877 303295 204781 98514 498646 336680 161966 145181 98024 47157 Supplies 819695 819695 Food 220468 220468 Ancillary Expense 104145 104145 Training/Education 72841 72841 195233 38115 157118 8540671 6929377 1611294 0 241649 114378 250312 250563 495966 647005 150000 18576 7862 9722 47040 14083075 4835727 9479024 9247348 1588544 1570170 343143 873407 12426936 12907773 436790 1096225 287550 287550 8622136 8234456 602813 671144 9949289 10289375 X 1365648 1336281 611999 782117 500000 500000 2477647 2618398 12426936 12907773 X 159126 -18375 X X 0 0 0 X 43456 4564 67116 316446 34016 465598 8384770 8797242 8139278 7778716 7861849 40961855 8428226 8801806 8206394 8095162 7895865 41427453 0 67759 129180 59300 256239 67759 129180 59300 256239 41171214 24710 7200 4966 36876 24710 7200 4966 36876 21818 21818 8452936 8809006 8211360 8095162 7917683 41486147 0.99240 0.99160 0.00090 0.00210 X Schedule A, Part III, Line 12, Explanation of Other Income: Other Income - 2013 Amount: $ 21,818. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 601071 601071 11111480 2888953 8222527 467130 424924 42206 1846016 1471642 374374 57378 50208 7170 9247348 Investment in Sears Methodist Foundation 1570170 F 1570170 Bond Issuance Costs 248540 CIP -7190 Bond Service Fund 632057 873407 Due to Other Campuses 665591 Other Current Liabilities 5553 671144 X Part X, Line 2: The System adopted the income tax standard for uncertain tax positions. This standard clarifies the accounting for uncertainty in income taxes recognized in an organization's financial statements in accordance with the income tax standard. This standard prescribes recognition and measurement of tax positions taken or expected to be taken on a tax return that are not certain to be realized. The System's income tax returns are subject to review and examination by federal, state, and local authorities. The System is not aware of any activities that would jeopardize its tax-exempt status. The System is not aware of any activities that are subject to tax on unrelated business income or excise or other taxes. The tax returns for the years 2010 to 2013 are open to examination by federal, local, and state authorities. X X X 1 1 0 0 0 0 0 0 0 Keith Perry President, CEO and Ex-Officio Truste 0 277027 0 33338 0 3828 0 136832 0 0 0 451025 0 0 Terry Myers Senior Vice President & CFO 0 238000 0 15000 0 127 0 45939 0 0 0 299066 0 0 Gary Anderson Executive Vice President & COO 0 37944 0 0 0 150000 0 21578 0 0 0 209522 0 0 Michael Sims Senior Vice President - Operations 0 185276 0 0 0 6433 0 62402 0 0 0 254111 0 0 Kenneth Fincher Senior Vice President and Director o 0 135684 0 0 0 3775 0 21063 0 0 0 160522 0 0 Windell Hawkins Senior Vice President - Risk Managem 0 113224 0 0 0 295 0 39992 0 0 0 153511 0 0 Kent Herring Regional Vice President & Executive 0 127222 0 8500 0 176 0 42349 0 0 0 178247 0 0 Randal Crosswhite Vice President & Controller 0 141530 0 0 0 433 0 22867 0 0 0 164830 0 0 Part I, Lines 4a-b Per Form 990, Schedule J, Part 1, Line 4a, the following people received severance payments. Here are their names and the amounts received: Gary Anderson $150,000 Mary Goodin $24,958 Per Form 990, Schedule J, Part 1, Line 4b, the following people participated in, or received payment from, a supplemental nonqualified retirement plan. Here are their names and the amounts received: Keith Perry $136,832 Terry Myers $45,939 Gary Anderson $21,578 Michael Sims $62,402 Kenneth Fincher $21,063 Windell Hawkins $39,992 Kent Herring $42,349 Randal Crosswhite $22,867 Melanie Juel $4,794 Gordon Shoger $13,948 Terry Huskey $29,342 Mary Goodin $7,761 Cheryl Harding $16,336 Pamela McGrew $31,160 Diana Zarate $29,972 Wendy Grimes $14,068 Cy Jenkins $6,942 Form 990, Part VI, Section A, line 1 The Executive Committee often makes decisions for the Board; however, the Board is always notified of any action the Executive Committee takes. The Executive Committee is composed of the Chairman, Vice Chairman, Secretary, Treasurer, and President. The President is a non-voting member with voice. With regard to scope, the Executive Committee "shall possess and may exercise all the powers of the Board of Trustees except as subject to the provisions of Article 7.07. The Executive Committee shall exercise these powers only when it is impractical to convene a called meeting of the Board of Trustees. The Board of Trustees may delegate specific authority or responsibility to the Executive Committee." The Executive Committee may not: Amend the Articles of Incorporation; Adopt a plan of merger or a plan of consolidation with another corporation; Authorize the sale, lease, exchange, or mortgage of all or substantially all of the property and assets of the Corporation; Authorize the voluntary dissolution of the Corporation; Revoke proceedings for the voluntary dissolution of the Corporation; Adopt a plan for the distribution of the assets of the Corporation; Amend, alter or repeal the bylaws; Elect, appoint, or remove a member of a committee or a Trustee or officer of the Corporation; Approve any transaction to which the Corporation is a party and that involves a potential conflict of interest as defined in paragraph 10.05, below; Take any action outside the scope of authority delegated to it by the Board of Trustees; Take final action on a matter that requires the approval of the Board of Trustees. Form 990, Part VI, Section A, line 3 The Organization delegates management duties including supervising personnel, operations, and budgeting to Sears Methodist Retirement System, Inc., the parent company, who in turn has a management contract with Life Care Services. Form 990, Part VI, Section B, line 11 A copy of the form 990 was made available to all board members for review and approval before filing the return. Form 990, Part VI, Section B, line 12c Conflict of interest statements are completed annually by Sears Methodist Retirement System Board of Trustees, Sears Plains Retirement Corporation Board of Directors and all senior staff. Any new Board Members or senior staff are required to complete the statement upon hire. Form 990, Part VI, Section B, line 15 The compensation for the CEO is determined by the performance/compensation committee and is approved by the board in an annual review. Any raise or bonus is discussed and voted on by the board. Every few years an outside compensation specialist is hired to help determine compensation for the CEO. Each senior VP or executive VP review or salary increase is determined by the CEO in an annual review process. Each senior VP has key officers under them that are reviewed in the same manner. 2013 was most recent year of review by independent persons. Form 990, Part VI, Section C, line 19 Although not required, the organization will provide photocopies of its governing documents, conflict of interest policy, and financial statements to those who request one or more of these items. Form 990, Part IX, line 11g Other Services: Program service expenses 943,362. Management and general expenses 61,672. Fundraising expenses 0. Total expenses 1,005,034. Form 990, Part XI, line 9: Change in SMF Investment -18,375. Form 990, Part XII, Line 2c The Organization has a committee which assumes responsibility for choosing the independent auditor and oversight of the independent audit. This process is consistent with prior years. Form 990, Part IX, Line 11g Contracted Nursing - 70,983 Contract Labor - 11,740 Purchased Services - 922,311 Sears Methodist Retirement System Inc One Village Drive Suite 400 Abilene TX 79606 752516330 Senior Living TX 501(c)(3) Line 11b, II N/A 0 Sears Panhandle Retirement Corporation One Village Drive Suite 400 Abilene TX 79606 752503233 Senior Living TX 501(c)(3) Line 9 Sears Methodist Retirement System 0 Sears Permian Retirement Corporation One Village Drive Suite 400 Abilene TX 79606 752707608 Senior Living TX 501(c)(3) Line 9 Sears Methodist Retirement System 0 Sears Methodist Foundation One Village Drive Suite 400 Abilene TX 79606 752692545 Manages charitable funds for all SMRS's related entities TX 501(c)(3) Line 11c, III-FI Sears Methodist Retirement System 0 Sears Methodist Centers Inc One Village Drive Suite 400 Abilene TX 79606 751234917 Senior Living TX 501(c)(3) Line 9 Sears Methodist Retirement System 0 Sears Brazos Retirement Corporation One Village Drive Suite 400 Abilene TX 79606 010598053 Senior Living TX 501(c)(3) Line 9 Sears Methodist Retirement System 0 Sears Tyler Methodist Retirement Corporation One Village Drive Suite 400 Abilene TX 79606 203500571 Senior Living TX 501(c)(3) Line 9 Sears Methodist Retirement System 0 Sears Caprock Retirement Corporation One Village Drive Suite 400 Abilene TX 79606 020709581 Senior Living TX 501(c)(3) Line 9 Sears Methodist Retirement System 0 Canyons Senior Living LP 2200 W 7th St Amarillo TX 79106 260888545 Low Income Senior Housing TX N/A N/A 0 0 Senior Dimensions Inc One Village Drive Suite 400 Abilene TX 79606 752814016 Consulting TX N/A C 0 Texas Senior Management Inc One Village Drive Suite 400 Abilene TX 79606 320333801 Management TX N/A C 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0