2019-02-21T13:48:05-06:00 2018-07-31 420714325 RSM US LLP 1145 BROADWAY PLAZA SUITE 900 TACOMA WA 98402 990 2017-08-01 943048988 PANORAMA PANO 3604560111 1751 CIRCLE LANE SE LACEY WA 98503 CHARLES W STRADER CEO/CFO 3604560111 2019-02-18 1 CHRISTY ENGELMANN P00745224 2535727111 108.171.130.189 2019-02-18 16:04:00 PS P 5325AAC0C47F642EDC2E2425F9696F46A3AA41B6 94D6BEDF25FEFF399B8FEB0FA7660B4676B2EA3F 2017 2019-02-21 02:37:17Z CHARLES W STRADER 1751 CIRCLE LANE SE LACEY WA 98503 69519156 0 X WWW.PANORAMACCRC.ORG X 1964 WA TO ENCOURAGE AND ENRICH THE LIVES OF INDIVIDUALS WHO CHOOSE TO MAKE PANORAMA THEIR HOME. 7 7 538 1500 20606 0 684074 283382 45364027 47782674 178293 426579 45856 23237 46272250 48515872 113116 133919 0 0 19634871 20272527 0 0 125055 22317666 22704318 42065653 43110764 4206597 5405108 197152692 204018411 121375704 123026861 75776988 80991550 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 37755695 133919 47782674 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, TWO FINANCIAL INSTITUTIONS, ONE BROKERAGE FIRM, AND COMMON AREAS FOR RECREATIONAL AND SOCIAL USE. 37755695 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 1 191 0 1 538 1 1 1 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 3604387771 1751 CIRCLE LANE SE LACEY WA 98503 WILLIAM A GAVIN MD DIRECTOR 2.00 X 25900 0 0 FRED GOLDBERG CHAIRMAN 2.00 X 29450 0 0 DARYL JENSEN VICE CHAIRMAN 2.00 X 30350 0 0 HOLLY MASON DIRECTOR 2.00 X 27650 0 0 RALPH MUNRO DIRECTOR 2.00 X 27350 0 0 JAMES OLSON DIRECTOR 2.00 X 23200 0 0 KATHRYN GAIL MADDEN DIRECTOR 2.00 X 2600 0 0 KATHLEEN HOUSTON DIRECTOR 2.00 X 30950 0 0 CHARLES W STRADER CEO/CFO 40.00 X 375491 0 94099 MATTHEW MURRY PRESIDENT/COO 40.00 X 306682 0 95003 HOWARD A BURTON DIR. OF MARKETING 40.00 X 185692 0 17963 VINEETA CHAND DIR. OF NURSING SRV 40.00 X 162305 0 7627 SHARON H RINEHART DIR. CLINICAL OPS 40.00 X 217413 0 16950 CYNTHIA MCKRILL CONTROLLER 40.00 X 159244 0 14672 JEFFREY HARLEY DIRECTOR OF IT 40.00 X 151816 0 15168 1756093 0 261482 18 0 1 0 BROWN BUILDING CONTRACTORS 3905 MARTIN WAY E C OLYMPIA WA 98506 CONSTRUCTION 1787284 LERCH'S FLOORING & TILE COMPANY INC PO BOX 14457 TUMWATER WA 985114457 CONSTRUCTION 1725487 ROYCE PACIFIC CONTRACTING 8726 OXFORD DR SE OLYMPIA WA 98503 CONSTRUCTION 1685107 AEGIS THERAPIES INC PO BOX 8103 FORT SMITH AR 72902 THERAPY SERVICES 1245255 SCHULER CONSTRUCTION LLC 11101 147TH ST E PUYALLUP WA 98374 CONSTRUCTION 1064079 27 283382 283382 RETIREMENT COMMUNITY 531310 31797936 31797936 CONVALESCENT CENTER 623000 15984738 15984738 47782674 919926 919926 2631 0 2631 2631 2631 20506762 3175 20505638 497646 1124 -494471 -493347 -493347 ADVERTISING 541800 20606 20606 20606 48515872 47782674 20606 429210 133919 133919 1023384 1023384 15694701 14512829 1092362 89510 503583 433081 65466 5036 1511706 1300067 196522 15117 1539153 1323671 200090 15392 48965 48965 90519 90519 1713926 1162140 551786 186142 186142 379089 379089 4208686 3998252 210434 119971 119971 877663 877663 10379022 9860071 518951 517509 491634 25875 REPAIRS AND MAINTENANCE 1533276 1456612 76664 SUPPLIES 1247338 1247338 FOOD COSTS 772276 772276 ADMINISTRATIVE EXPENSES 542708 542708 87228 87228 43110764 37755695 5230014 125055 6206581 7456226 2097611 2214175 1145923 913640 218535 505580 24429 30873 1419306 1765256 251993637 116097891 134134401 135895746 47431349 50162459 4474557 5074456 197152692 204018411 4308836 5228552 79396002 81362409 35690000 34370000 1980866 2065900 121375704 123026861 X 75714813 80928000 62175 63550 75776988 80991550 197152692 204018411 X 5405108 -578723 388177 X X 0 1 X 1 0 X 390470 535842 244653 684074 283382 2138421 41854664 43628758 44441546 45358161 47782674 223065803 42245134 44164600 44686199 46042235 48066056 225204224 23300 24000 27675 41140 42768 158883 5869234 5106468 6122037 6081694 5527956 28707389 5892534 5130468 6149712 6122834 5570724 28866272 196337952 609639 579715 632600 701688 919926 3443568 609639 579715 632600 701688 919926 3443568 13131 11690 25021 20606 70448 42867904 44744315 45330489 46768944 49006588 228718240 0.85840 0.85530 0.01510 0.01490 X 8270765 8270765 218905640 97337325 121568315 20246520 14796950 5449570 4570712 3963616 607096 135895746 REFUNDABLE ENTRANCE FEES 1100000 DEFERRED COMPENSATION 887085 ANNUITY OBLIGATIONS 78815 2065900 X 48819797 -578723 882648 303925 48515872 0 48515872 43605235 494471 494471 43110764 0 43110764 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, 2015, AND PRIOR. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON INTEREST RATE SWAP 388,177. LOSS ON ABANDONED PROPERTY NETTED INTO TAX REVENUE 494,471. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON ABANDONED PROPERTY NETTED INTO TAX REVENUE 494,471. 1 PANORAMA BENEVOLENT FUND 1751 CIRCLE LANE SE LACEY WA 98503 237191166 501(C)(3) 84696 SUPPORT NEEDY RESIDENTS OF THE PANORAMA COMMUNITY WCN SOLUTIONS SUMMIT FUND 1101 ANDOVER PARK W STE 105 TUKWILA WA 98188 5000 SPONSOR SUMMIT TO FIND SOLUTIONS FOR NURSING EDUCATION TO FILL SHORTAGE 1 1 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 293711 0 81780 0 0 0 85708 0 8391 0 469590 0 0 0 MATTHEW MURRY PRESIDENT/COO 245977 0 60705 0 0 0 85708 0 9295 0 401685 0 0 0 HOWARD A BURTON DIR. OF MARKETING 159720 0 25972 0 0 0 9010 0 8953 0 203655 0 0 0 VINEETA CHAND DIR. OF NURSING SRV 151985 0 10320 0 0 0 0 0 7627 0 169932 0 0 0 SHARON H RINEHART DIR. CLINICAL OPS 194873 0 22540 0 0 0 8914 0 8036 0 234363 0 0 0 CYNTHIA MCKRILL CONTROLLER 129925 0 29319 0 0 0 6473 0 8199 0 173916 0 0 0 JEFFREY HARLEY DIRECTOR OF IT 125074 0 26742 0 0 0 6563 0 8605 0 166984 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 0 0 1 1 WELLS FARGO BANK 10.000000000000 1 0 0 0 0 A 0 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. REPORTS ARE MAINTAINED IN THE EXECUTIVE OFFICE. FORM 990, PART XI, LINE 9: UNREALIZED GAIN/LOSS ON INTEREST RATE SWAP 388,177. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.