2020-01-30T17:27:52-06:00 2019-07-31 420714325 RSM US LLP 1145 BROADWAY PLAZA SUITE 900 TACOMA WA 98402 990 2018-08-01 943048988 PANORAMA PANO 3604560111 1751 CIRCLE LANE SE LACEY WA 98503 CHARLES W STRADER CEO/CFO 3604560111 2020-01-28 1 CHRISTY ENGELMANN P00745224 2535727111 66.98.98.5 2020-01-28 13:28:12 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 2018 2020-09-23 17:36:50Z CHARLES W STRADER 1751 CIRCLE LANE SE LACEY WA 98503 70087448 0 X WWW.PANORAMA.ORG X 1964 WA TO ENCOURAGE AND ENRICH THE LIVES OF INDIVIDUALS WHO CHOOSE TO MAKE PANORAMA THEIR HOME. 7 7 505 1500 21371 899 283382 246368 47782674 48100493 426579 895435 23237 25571 48515872 49267867 133919 143254 0 0 20272527 20991003 0 0 124868 22704318 24147590 43110764 45281847 5405108 3986020 204018411 208532229 123026861 123380197 80991550 85152032 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 38962913 143254 48104693 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. 38962913 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 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 134 0 1 505 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 1 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 98503 WILLIAM A GAVIN MD DIRECTOR 2.00 X 28250 0 0 FRED GOLDBERG CHAIRMAN 2.00 X X 29450 0 0 DARYL JENSEN VICE CHAIRMAN 2.00 X X 29750 0 0 HOLLY MASON DIRECTOR 2.00 X 27650 0 0 RALPH MUNRO DIRECTOR 2.00 X 26750 0 0 KATHRYN GAIL MADDEN DIRECTOR 2.00 X 27650 0 0 KATHLEEN HOUSTON DIRECTOR 2.00 X 29450 0 0 CHARLES W STRADER CEO & CFO 40.00 X 448171 0 94139 MATTHEW MURRY PRESIDENT & COO 40.00 X 360706 0 95813 SHARON H RINEHART DIR. CLINICAL OPS 40.00 X 252950 0 41779 HOWARD A BURTON DIR. OF MARKETING 40.00 X 214837 0 16484 DENNIS WILDERSON ADMINISTRATOR 40.00 X 183077 0 6660 VIRGINIA DOBRY RETIREMENT ADVISOR 40.00 X 181406 0 14116 CYNTHIA MCKRILL CONTROLLER 40.00 X 172737 0 14496 2012834 0 283487 23 0 1 0 BROWN BUILDING CONTRACTORS 3905 MARTIN WAY E C OLYMPIA WA 98506 CONSTRUCTION 2412874 LERCH'S FLOORING & TILE COMPANY INC PO BOX 14457 TUMWATER WA 985114457 CONSTRUCTION 1601673 ROYCE PACIFIC CONTRACTING PO BOX 88123 STEILACOOM WA 98388 CONSTRUCTION 1391611 AEGIS THERAPIES INC PO BOX 936653 ATLANTA GA 31193 THERAPY SERVICES 1112493 SCHULER CONSTRUCTION LLC 11101 147TH ST E PUYALLUP WA 98374 CONSTRUCTION 1045515 31 246368 246368 RETIREMENT COMMUNITY 531310 31072095 31072095 CONVALESCENT CENTER 623000 17018306 17018306 RESIDENT COUNCIL 812900 10092 10092 48100493 1276878 1276878 4200 0 4200 4200 4200 20432485 5653 20432327 387254 158 -381601 -381443 -381443 ADVERTISING 541800 21371 21371 21371 49267867 48100493 21371 899635 143254 143254 1207859 1207859 16143995 14931633 1123886 88476 573715 493395 74583 5737 1478268 1271310 192175 14783 1587166 1364962 206332 15872 15226 15226 58170 58170 343922 343922 2600099 1384599 1215500 212349 212349 400702 400702 4176019 3967218 208801 122191 122191 551706 551706 10752751 10215113 537638 584694 555459 29235 REPAIR AND MAINTENANCE 1516334 1440517 75817 SUPPLIES 1268138 1268138 FOOD 819338 819338 ADMINISTRATIVE 630551 630551 95400 95400 45281847 38962913 6194066 124868 7456226 5156657 2214175 3274328 913640 1102504 505580 105173 30873 29662 1765256 1791147 262582828 125091957 135895746 137490871 50162459 53269559 5074456 6312328 204018411 208532229 5228552 5284324 81362409 82537878 34370000 33070000 2065900 2487995 123026861 123380197 X 80928000 85143107 63550 8925 80991550 85152032 204018411 208532229 X 3986020 803617 -629155 X X 0 1 X 1 0 X 535842 244653 684074 283382 246368 1994319 43628758 44441546 45358161 47782674 48094601 229305740 44164600 44686199 46042235 48066056 48340969 231300059 24000 27675 41140 42768 44265 179848 0 24000 27675 41140 42768 44265 179848 231120211 579715 632600 701688 919926 1276878 4110807 579715 632600 701688 919926 1276878 4110807 11690 25021 20606 21371 78688 44744315 45330489 46768944 49006588 49639218 235489554 0.98140 0.85840 0.01750 0.01510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8407594 8407594 227767664 104898149 122869515 21836857 16092348 5744509 4570713 4101460 469253 137490871 REFUNDABLE ENTRANCE FEES 1100000 DEFERRED COMPENSATION 1219879 ANNUITY OBLIGATIONS 69578 FAIR VALUE OF INTEREST RATE SWAP 98538 2487995 X 49823933 803617 -247551 556066 49267867 0 49267867 45663451 381604 381604 45281847 0 45281847 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, 2016, AND PRIOR. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INTEREST RATE SWAP -629,155. LOSS ON ABANDONED PROPERTY NETTED INTO TAX REVENUE 381,604. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON ABANDONED PROPERTY NETTED INTO TAX REVENUE 381,604. 1 PANORAMA BENEVOLENT FUND 1751 CIRCLE LANE SE LACEY WA 98503 237191166 501(C)(3) 99288 SUPPORT NEEDY RESIDENTS OF THE PANORAMA COMMUNITY SOUTH PUGET SOUNC COMMUNITY COLLEGE FOUNDATION 2011 MOTTMAN RD SW TUMWATER WA 98512 911174940 501(C)(3) 6000 NURSING SCHOLARSHIPS SAINT MARTINS UNIVERSITY 5000 ABBEY WAY SE LACEY WA 98503 910564993 501(C)(3) 5000 NURSING SCHOLARSHIPS 3 PART I, LINE 2: FUNDS GIVEN TO THE BENEVOLENT FUND ARE TO BE USED IN ACCORDANCE WITH THE AGREEMENT. X X X 0 0 0 0 0 0 0 0 0 CHARLES W STRADER CEO & CFO 328171 0 120000 0 0 0 85643 0 8496 0 542310 0 0 0 MATTHEW MURRY PRESIDENT & COO 275206 0 85500 0 0 0 85643 0 10170 0 456519 0 0 0 SHARON H RINEHART DIR. CLINICAL OPS 200557 0 52393 0 0 0 33658 0 8121 0 294729 0 0 0 HOWARD A BURTON DIR. OF MARKETING 164869 0 49968 0 0 0 7531 0 8953 0 231321 0 0 0 DENNIS WILDERSON ADMINISTRATOR 161302 0 21775 0 0 0 0 0 6660 0 189737 0 0 0 VIRGINIA DOBRY RETIREMENT ADVISOR 146506 0 34900 0 0 0 6585 0 7531 0 195522 0 0 0 CYNTHIA MCKRILL CONTROLLER 142599 0 30138 0 0 0 6558 0 7938 0 187233 0 0 0 A WASHINGTON STATE HOUSING FINANCE COMMISSION 911875730 93978LEX0 2008-04-03 28500000 CAPITAL PROJECTS 0 0 0 A 28500000 2010 0 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 A, LINE 4 THERE WAS A BYLAW AMENDMENT WHICH OUTLINED THE REQUIREMENTS FOR THE RESIDENT BOARD MEMBER ELECTION PROCESS. 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 -629,155. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.