2021-02-05T13:27:00-06:00 2020-07-31 420714325 RSM US LLP 1145 BROADWAY PLAZA SUITE 900 TACOMA WA 98402 990 2019-08-01 943048988 PANORAMA PANO 3604560111 1751 CIRCLE LANE SE LACEY WA 985032570 CHARLES W STRADER CEO/CFO 3604560111 2021-01-21 1 KACIE MCEWEN P01599614 6123324300 2021-01-21 2019 2022-09-23 18:48:47Z CHARLES W STRADER 1751 CIRCLE LANE SE LACEY WA 985032570 87658875 0 X WWW.PANORAMA.ORG X 1964 WA TO ENCOURAGE AND ENRICH THE LIVES OF INDIVIDUALS WHO CHOOSE TO MAKE PANORAMA THEIR HOME. 7 7 508 1500 23310 2457 246368 200639 48100493 49811994 895435 1028557 25571 30510 49267867 51071700 143254 349573 0 0 20991003 21735001 0 0 141439 24147590 24555514 45281847 46640088 3986020 4431612 208532229 215590948 123380197 127089137 85152032 88501811 TO BE A COMMUNITY THAT SUPPORTS ITS MEMBERS THROUGH THE VARIOUS STAGES OF AGING, FROM INSPIRING INDIVIDUAL ENRICHMENT AND OVERALL WELLNESS TO OFFERING SECURITY AND UNCOMPROMISING CARE, ALLOWING EACH RESIDENT THE OPPORTUNITY TO THRIVE. 0 0 40016034 349573 49819194 PANORAMA IS A CONTINUING CARE RETIREMENT CENTER THAT OFFERS 840 RESIDENTIAL FAMILY DWELLING UNITS, INCLUDING 39 ASSISTED LIVING UNITS AND A LICENSED 155 BED SKILLED NURSING FACILITY. PANORAMA HAS A VARIETY OF COMMUNITY FACILITIES, SUCH AS A COMMUNITY HALL WITH A RESTAURANT, AQUATIC AND FITNESS CENTER, PHARMACY, TRAVEL AGENCY, GIFT AND GROCERY SHOP, BEAUTY SALON, ONE FINANCIAL INSTITUTION, ONE BROKERAGE FIRM, A VOLUNTEER RESIDENT COUNCIL, AND COMMON AREAS FOR RECREATIONAL AND SOCIAL USE. 40016034 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 153 0 1 508 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WA X CHARLES W STRADER 3604560111 1751 CIRCLE LANE SE LACEY WA 985032570 CHARLES W STRADER CEO & CFO 40.00 X 471883 0 94173 MATTHEW MURRY PRESIDENT & COO 40.00 X 407754 0 95874 SHARON H RINEHART DIR. CLINICAL OPS 40.00 X 266439 0 42662 DENNIS WILKERSON ADMINISTRATOR 40.00 X 209256 0 15130 CYNTHIA MCKRILL CONTROLLER 40.00 X 194922 0 14980 JEFFREY HARLEY DIRECTOR OF IT 40.00 X 183949 0 15725 SHAWNA R WILLIAMS DIRECTOR OF HR 40.00 X 173708 0 14483 WILLIAM A GAVIN MD VICE CHAIRMAN 2.00 X X 31600 0 0 DARYL JENSEN VICE CHAIRMAN 2.00 X X 30700 0 0 FRED GOLDBERG CHAIRMAN 2.00 X X 29800 0 0 KATHLEEN HOUSTON DIRECTOR 2.00 X 29500 0 0 KATHRYN GAIL MADDEN DIRECTOR 2.00 X 28600 0 0 HOLLY MASON DIRECTOR 2.00 X 27450 0 0 RALPH MUNRO DIRECTOR 2.00 X 27100 0 0 2112661 0 293027 26 0 1 0 JM RILEY COMPANY 1301 120TH AVE NE BELLEVUE WA 98005 CONSTRUCTION 2531127 BROWN BUILDING CONTRACTORS 3905 MARTIN WAY E C OLYMPIA WA 98506 CONSTRUCTION 1472012 AEGIS THERAPIES INC PO BOX 936653 ATLANTA GA 31193 THERAPY SERVICES 1406484 ROYCE PACIFIC CONTRACTING PO BOX 88123 STEILACOOM WA 98388 CONSTRUCTION 1309404 SCHULER CONSTRUCTION LLC 11101 147TH STREET E PUYALLUP WA 98374 CONSTRUCTION 960421 32 200639 200639 RETIREMENT COMMUNITY 531310 33265524 33265524 CONVALESCENT CENTER 623000 16535484 16535484 RESIDENT COUNCIL 812900 10986 10986 49811994 1203088 1203088 7200 0 7200 7200 7200 36412644 36367787 219388 44857 -219388 -174531 -174531 ADVERTISING 541800 23310 23310 23310 51071700 49811994 23310 1035757 323323 323323 26250 26250 1489275 1489275 16338153 15099284 1136505 102364 574413 493995 74674 5744 1661043 1428497 215936 16610 1672117 1438021 217375 16721 47297 47297 121689 121689 367343 367343 1905540 1053169 852371 195445 195445 1776869 1400018 376851 422993 422993 4333966 4117268 216698 90752 90752 477756 477756 10943953 10396755 547198 695428 660657 34771 REPAIR AND MAINTENANCE 1444051 1371848 72203 ADMINISTRATIVE 899628 899628 FOOD 743412 743412 BUSINESS TAXES/LICENSES 89392 89392 46640088 40016034 6482615 141439 5156657 4275464 3274328 12282382 1102504 885753 105173 11776 29662 25657 1791147 1057875 284619767 133807595 137490871 150812172 53269559 45865124 6312328 374745 208532229 215590948 5284324 5430356 82537878 82199465 33070000 31770000 3262152 2487995 4427164 123380197 127089137 X 85143107 88491701 8925 10110 85152032 88501811 208532229 215590948 X 4431612 402651 -1484484 X X 0 1 X 1 0 X 244653 684074 283382 246368 200639 1659116 44441546 45358161 47782674 48094601 49811994 235488976 44686199 46042235 48066056 48340969 50012633 237148092 27675 41140 42768 44265 45814 201662 0 27675 41140 42768 44265 45814 201662 236946430 632600 701688 919926 1276878 1210288 4741380 632600 701688 919926 1276878 1210288 4741380 11690 25021 20606 3730 1899 62946 45330489 46768944 49006588 49621577 51224820 241952418 0.97930 0.98140 0.01960 0.01750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8407594 8407594 233715760 112053684 121662076 25857003 17514608 8342395 16639410 4239303 12400107 150812172 REFUNDABLE ENTRANCE FEES 1100000 DEFERRED COMPENSATION 1682863 ANNUITY OBLIGATIONS 66353 FAIR VALUE OF INTEREST RATE SWAP 1577948 4427164 X 50209255 402651 -1484484 -1081833 51291088 -219388 -219388 51071700 46859476 219388 219388 46640088 0 46640088 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THE ORGANIZATION MAINTAINED ITS TAX-EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT; THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. GENERALLY, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL AUTHORITIES FOR FISCAL YEARS ENDED JULY 31, 2017, AND PRIOR. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INTEREST RATE SWAP -1,484,484. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON ABANDONED PROPERTY -219,388. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON ABANDONED PROPERTY 219,388. 1 PANORAMA BENEVOLENT FUND 1751 CIRCLE LANE SE LACEY WA 98503 237191166 501(C)(3) 203716 SUPPORT NEEDY RESIDENTS OF THE PANORAMA COMMUNITY SAINT MARTINS UNIVERSITY 5000 ABBEY WAY SE LACEY WA 98503 910564993 501(C)(3) 6000 NURSING SCHOLARSHIPS CAPITOL LAND TRUST 4405 7TH AVE SE STE 306 LACEY WA 98503 911413484 501(C)(3) 5000 SUSTAINER SPONSORSHIP 3 EMPLOYEE SCHOLARSHIPS 8 26250 PART I, LINE 2: PANORAMA BELIEVES IN CONTINUED LEARNING AND FURTHERING THE EDUCATION OF OUR EMPLOYEES. THE PANORAMA SCHOLARSHIP AWARD AND NURSING SCHOLARSHIP AWARD HAS BEEN ESTABLISHED TO SUPPORT EMPLOYEES PURSING EDUCATION TOWARDS A FORMAL DEGREE FROM AN ACCREDITED COLLEGE OR TRADE SCHOOL. TO BE ELIGIBLE FOR A SCHOLARSHIP AWARD, AN EMPLOYEE MUST MEET CERTAIN EMPLOYMENT CRITERIA AND DEMONSTRATE SPECIFIC PERFORMANCE METRICS. UPON APPROVAL FOR THE AWARD, THE EMPLOYEE MUST ALSO MAINTAIN A GPA OF 3.0 OR HIGHER. EMPLOYEES MUST COMPLETE A SCHOLARSHIP APPLICATION, WHICH INCLUDES A PERSONAL STATEMENT AND LETTER OF RECOMMENDATION FROM HIS/HER IMMEDIATE SUPERVISOR. ALL APPLICATIONS ARE SUBMITTED TO THE DIRECTOR OF HUMAN RESOURCES AND WILL BE REVIEWED AND APPROVED BY THE SCHOLARSHIP COMMITTEE. SCHOLARSHIPS APPROVED WILL BE PAID DIRECTLY TO THE EDUCATIONAL INSTITUTION AND ONGOING DOCUMENTION OF THE EMPLOYEE'S GPA QUALIFICATIONS WILL BE SUBMITTED TO THE DIRECTOR OF HUMAN RESOURCES. SCHEDULE I, PART III ALL OUR EMPLOYEE SCHOLARSHIPS CAME FROM DONATED FUNDS/BEQUESTS FOR THE BENEFIT OF EMPLOYEES. X X X 0 1 0 0 0 0 0 1 0 CHARLES W STRADER CEO & CFO 347983 0 123900 0 0 0 85064 0 9109 0 566056 0 0 0 MATTHEW MURRY PRESIDENT & COO 314381 0 93373 0 0 0 85064 0 10810 0 503628 0 0 0 SHARON H RINEHART DIR. CLINICAL OPS 206521 0 59918 0 0 0 34357 0 8305 0 309101 0 0 0 DENNIS WILKERSON ADMINISTRATOR 172001 0 37255 0 0 0 6997 0 8133 0 224386 0 0 0 CYNTHIA MCKRILL CONTROLLER 160309 0 34613 0 0 0 6831 0 8149 0 209902 0 0 0 JEFFREY HARLEY DIRECTOR OF IT 149336 0 34613 0 0 0 6830 0 8895 0 199674 0 0 0 SHAWNA R WILLIAMS DIRECTOR OF HR 142808 0 30900 0 0 0 5661 0 8822 0 188191 0 0 0 PART I, LINE 4B CHARLES W. STRADER, $113,842 PARTIAL - REQUIRED DISTRIBUTION AT AGE 60 SHARON RINEHART, $77,132.52 FULL - REQUIRED DISTRIBUTION AT AGE 65 PART I, LINE 7 FOR THE ANNUAL BONUS, THE MBO BONUSES ARE BASED ON METRICS THAT ARE APPROVED BY THE BOARD, AND MIDDLE MANAGER BONUSES ARE DISCRETIONARY. THERE ARE OTHER QUARTERLY BONUSES GIVEN FOR ATTENDANCE AND OTHER MARKETING/SALES METRICS. A WASHINGTON STATE HOUSING FINANCE COMMISSION 911874730 93978LEX0 2008-04-03 28500000 CAPITAL PROJECTS 0 0 0 A 28500000 479703 104054 26555718 1360525 2010 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 1 0 1 1 WELLS FARGO BANK 10.000000000000 1 0 0 0 0 A 1 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FEDERAL RETURN IS REVIEWED IN DETAIL FOR ACCURACY AND CONSISTENCY BY THE CONTROLLER. AMOUNTS ARE CROSS-REFERENCED TO THE AUDITED FINANCIAL STATEMENTS OR OTHER RECORDS OF THE COMPANY. QUESTIONS ARE RESOLVED THROUGH COMMUNICATIONS WITH THE PREPARER, AND CHANGES, IF ANY, ARE MADE. THE CFO, REVIEWS THE RETURN FOR REASONABLENESS. THE DRAFT RETURN IS E-MAILED TO EACH BOARD MEMBER FOR REVIEW. BOARD MEMBERS COMMUNICATE QUESTIONS TO THE CONTROLLER AND EACH QUESTION IS RESOLVED PRIOR TO FINALIZING AND FILING THE RETURN WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PANORAMA HAS A CONFLICT OF INTEREST POLICY FOR BOARD MEMBERS AND KEY EMPLOYEES, WHICH IS REVIEWED ANNUALLY. THE POLICY DICTATES THE PROTOCOL TO BE FOLLOWED FOR TRANSACTIONS OR ARRANGEMENTS WHICH CREATE A CONFLICT OF INTEREST. THE POLICY IS STRICTLY ADHERED TO. EACH BOARD MEMBER AND MEMBERS OF MANAGEMENT ACKNOWLEDGE (FORM SIGNED AND MAINTAINED BY HR) 1) RECEIPT OF THE POLICY, AND 2) THEIR UNDERSTANDING OF THE CONTENTS AND THE REQUIREMENT TO BE BOUND IN COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 PANORAMA HAS A COMPENSATION COMMITTEE WHICH COMPRISES CERTAIN BOARD MEMBERS. ANNUALLY, THE COMMITTEE MEETS TO DETERMINE COMPENSATION OF EXECUTIVE MANAGEMENT. INDUSTRY DATA IS ACCUMULATED AND STUDIES ARE PERFORMED TO VERIFY COMPENSATION IS COMPARABLE TO OTHERS IN SIMILAR POSITIONS IN OTHER ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 PANORAMA'S GOVERNING DOCUMENTS, INCLUDING THE AUDITED FINANCIAL STATEMENTS AND FORM 990, ARE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). REPORTS ARE MAINTAINED IN THE EXECUTIVE OFFICE. FORM 990, PART XI, LINE 9: UNREALIZED GAIN/LOSS ON INTEREST RATE SWAP -1,484,484. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.