DIVISION IN RE: TMH Services DEBTOR(S) TMH Services CHAPTER 11 , 2020 Comes now , exhibits consisting of 11 pages and containing the following, as indicated: X Monthly Reporting Questionnaire ( Attachment 1 ) X Comparative Balance Sheets ( Forms OPR-1 & OPR-2 ) X Summary of Accounts Receivable ( Form OPR-3 ) X Schedule of Post-Petition Liabilities ( Form OPR-4 ) X Statement of Income (Loss) ( Form OPR-5 ) X Statement of Sources and Uses of Cash ( Form OPR-6 ) I declare under penalty of perjury that this report and all attachments are true and correct to the best of my knowledge and belief. I also hereby certify that the original Monthly Operating Report was filed with the Bankruptcy Clerk and a copy delivered to the U.S. Trustee. Date: DEBTOR By: Name & Title: Address: TMH Services MONTHLY OPERATING REPORT FOR MONTH ENDING July 31 CASE NO. UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF WEST VIRGINIA CHARLESTON 8/18./2020 Telephone Number: 20-20194 South Charleston, WV 25309 4605 MacCorkle Ave. SW (304) 766-3428 (Print or Type) /s/ Timothy Skeldon Timothy Skeldon, VP of Finance (Signature) July 1, 2020 and ending July 31, 2020 debtor in possession, and herby submits its Monthly Operating Report for the period commencing as shown by the report and Case 2:20-bk-20007 Doc 952 Filed 08/21/20 Entered 08/21/20 14:53:35 Desc Main Document Page 1 of 14
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DIVISION
IN RE: TMH Services
DEBTOR(S) TMH Services CHAPTER 11
, 2020
Comes now ,
exhibits consisting of 11 pages and containing the following, as indicated:
X Monthly Reporting Questionnaire ( Attachment 1 )
X Comparative Balance Sheets ( Forms OPR-1 & OPR-2 )
X Summary of Accounts Receivable ( Form OPR-3 )
X Schedule of Post-Petition Liabilities ( Form OPR-4 )
X Statement of Income (Loss) ( Form OPR-5 )
X Statement of Sources and Uses of Cash ( Form OPR-6 )
I declare under penalty of perjury that this report and all attachments are true and correct
to the best of my knowledge and belief. I also hereby certify that the original Monthly Operating
Report was filed with the Bankruptcy Clerk and a copy delivered to the U.S. Trustee.
Date: DEBTOR
By:
Name & Title:
Address:
TMH Services
MONTHLY OPERATING REPORT FOR MONTH ENDING July 31
CASE NO.
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF WEST VIRGINIA
CHARLESTON
8/18./2020
Telephone Number:
20-20194
South Charleston, WV 25309
4605 MacCorkle Ave. SW
(304) 766-3428
(Print or Type)
/s/ Timothy Skeldon
Timothy Skeldon, VP of Finance
(Signature)
July 1, 2020 and ending July 31, 2020
debtor in
possession, and herby submits its Monthly Operating Report for the period commencing
as shown by the report and
Case 2:20-bk-20007 Doc 952 Filed 08/21/20 Entered 08/21/20 14:53:35 Desc Main Document Page 1 of 14
CASE NAME:
CASE NUMBER:
MONTH OF:
1. State the amount of all executive wages paid and payroll taxes withheld and paid.
Name and Titleof Executive
Total Executive Payroll
2. Is workers' compensation and other insurance in effect? See below.Are payments current? Yes
If any policy has lapsed, been replaced or renewed, state so in the schedule below. Attach acopy of the new policy's binder or cover page.
Paid
CHAPTER 11MONTHLY OPERATING REPORT
MONTHLY REPORTING QUESTIONNAIRE
TMH Services
20-20194
July 2020
Payroll
Wages Paid TaxesGross Net
Payroll is paid by Thomas Health Systems (20-20007)
Due
Insurance
ExpirationDate
CoverageName
ofCarrier Amount
Other (specify)
Type
Casualty
Workers' comp.
General liab.
Automobile
DateCoveragePaid Thru
11/28/2020Commercial Property Blanket
CoverageHartford Casualty Insurance Company 11/28/2020$24,815,200
Case 2:20-bk-20007 Doc 952 Filed 08/21/20 Entered 08/21/20 14:53:35 Desc Main Document Page 2 of 14
CASE NAME:
CASE NUMBER:
MONTH OF:
3.
Ending book balance
4. List any postpetition payments to professionals and payments onprepetition debts in the schedule below (attach separate sheet if necessary).
Professionals (attorneys, accountants, etc.):
Prepetition creditors:
Check #
x-7066
N/A N/A
0.00
31,577.59
None
Transfers
Other: Prior period adjustments
Less: Disbursements
Payments To Amount Date
Postpetition Payments
Beginning book balance
Account #
Bank Name
0.00
33,626.00
Summit
Plus: Deposits
CHAPTER 11MONTHLY OPERATING REPORT
MONTHLY REPORTING QUESTIONNAIRE
Total
TMH Services
20-20194
July 2020
Bank Accounts Account Type
Operating
(2,048.41)
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COMPARATIVE BALANCE SHEETS FORM OPR-1REV 2/90
MONTH ENDED:
FILINGDATE MONTH MONTH MONTH MONTH MONTH MONTH
22-May-20 May 2020 June 2020 July 2020
CURRENT ASSETSCash & Cash Equivalents 112,081 35,674 33,626 31,578Total Cash & Investments 112,081 35,674 33,626 31,578
Prepaid Expenses 14,914 12,315 10,082 7,849Other Receivables 4,454 48,038 56,922 68,511
Total Current Assets 131,449 96,027 100,700 107,937
Property, Plant & EquipmentLand 165,360 165,360 165,360 165,360Buildings and Equipment 7,513,106 7,486,250 7,486,250 7,486,250Construction In Progress 39,118 26,856 26,856 26,856Gross PP&E 7,717,584 7,678,466 7,678,466 7,678,466Less Accumulated Depreciation (1,743,882) (1,760,279) (1,777,859) (1,795,440)Net PP&E 5,973,702 5,918,187 5,900,607 5,883,027
OTHER ASSETSOther Assets 38,308 423,482 428,304 433,005Total Other Assets 38,308 423,482 428,304 433,005
GRAND TOTAL ASSETS 6,143,460 6,437,696 6,429,611 6,423,969
July 31, 2020
CASE NAME:
CASE NUMBER:
TMH Services
20-20194
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COMPARATIVE BALANCE SHEETS FORM OPR-2REV 2/90
MONTH ENDED:
FILINGDATE MONTH MONTH MONTH MONTH MONTH MONTH
22-May-20 May 2020 June 2020 July 2020
CURRENT LIABILITIESLiabilities Subject to Compromise 641,024 336,677 323,962 323,962Accounts Payable 11,436 15,432 11,096Accrued Expenses 1,288,607 45,555 55,869 65,663Intercompany Debt 1,119,226 (372,312) (394,306) (400,971)Current Portion -Long Term Debt - Subject to Compromise 5,011 178,033 178,033 178,033Total Current Liabilities 3,053,868 199,389 178,991 177,784
LONG TERM DEBTLong Term Debt & Bonds Payable Net of Discount & Bond Cost5,148,583 5,155,572 5,141,970 5,124,962Total Long Term Debts 5,148,583 5,155,572 5,141,970 5,124,962
EQUITYRetained Earnings 1,037,306 1,037,306 1,037,306 1,037,306Net Income (1,392) 45,429 71,344 83,917Total Equity 1,035,915 1,082,735 1,108,650 1,121,223
TOTAL LIABILITIES AND EQUITY 6,143,460 6,437,696 6,429,611 6,423,969
July 31, 2020
TMH ServicesCASE NAME:
20-20194CASE NUMBER:
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SUMMARY OF ACCOUNTS RECEIVABLE FORM OPR-3REV 2/90
0 - 30 31 - 60 61 - 90 OVERTOTAL DAYS DAYS DAYS 90 DAYS
Unavailable at the date of this filing
Allowance for doubtful accounts )
MONTH:
Allowance for doubtful accounts )
MONTH: N/A
Allowance for doubtful accounts N/A )
MONTH:
Allowance for doubtful accounts )
MONTH:
Allowance for doubtful accounts )
MONTH:
Allowance for doubtful accounts )
MONTH:
Allowance for doubtful accounts
(A) Presented AR Aging ties to subledgers, which excludes AR payments to suspense.NOTE: Total accounts receivable and total allowance for doubtful accounts shown here must agree with the same items as shown on Form OPR-1.
(
(
(
June 2020
July 2020
(
(
(
)
)
(
)
)
(
(
( )
July 31, 2020
()
TMH Services
20-20194
DATE OF FILING:
CASE NAME:
CASE NUMBER:
May 22, 2020
MONTH ENDED:
(()0.00 ) ()
()( ()
(
) () ()(
) ) ((
()()
)
)(
() ()) (
N/A
N/A
(
)
Case 2:20-bk-20007 Doc 952 Filed 08/21/20 Entered 08/21/20 14:53:35 Desc Main Document Page 6 of 14
CASE NAME: SCHEDULE OF POST PETITION LIABILITIES
CASE NUMBER:
DATE TOTAL 0 - 30 31 - 60 61 - 90 OVERDUE DUE DAYS DAYS DAYS 90 DAYS
TAXES PAYABLE
11,096 11,096
0 0
Attach separate page if necessary.
Note: Total postpetition liabilities shown here must agree with the same item as shown on Form OPR-2.
323,962
TOTAL TAXES PAYABLE
0TOTALS
POSTPETITION SECURED DEBT
POSTPETITION UNSECURED DEBT 0.00
65,664
Federal Income Tax
FICA - Employer's Share
FICA - Employee's Share
B&O Tax
Sales Tax
Property Tax
323,962
00
0
FORM OPR-4
REV 2/90
0.00
3,710
61,954
65,664
0.00
0.00
0.00
0
61,954
0.00
Post Petition AP
Pre Petition AP - Subject to Compromise
MONTH ENDED: July 31, 2020
DATEINCURRED
N/A
3,710
0
TMH Services
20-20194
City Tax
N/A
ACCRUED INTEREST PAYABLE
TRADE ACCOUNTS PAYABLE & OTHER:(list separately)
400,722
0.00
76,760 0
0.00
323,962
Case 2:20-bk-20007 Doc 952 Filed 08/21/20 Entered 08/21/20 14:53:35 Desc Main Document Page 7 of 14
CASE NAME: STATEMENT OF INCOME (LOSS) FORM OPR-5
REV 2/90
FILINGMONTH MONTH MONTH MONTH MONTH TO DATE
May 2020 June 2020 July 2020
RevenuesOther Revenue 47,136 90,660 101,646 239,442 Non- Operating Revenue 7,657 4,822 4,701 17,180 Total Revenue 54,793 95,482 106,347 256,622
Operating ExpensesSalaries and Benefits (10,317) 6,831 2,627 (859) Supplies - 1,017 1,084 2,101 Repairs and Maintenance (6,687) 1,992 1,397 (3,298) Contract Services (39) 9,510 9,510 18,981 Utilities 7,210 12,036 27,309 46,555 Insurance 2,233 2,233 2,233 6,699 Taxes non Income 9,697 10,326 13,950 33,973 Other Expenses (1,143) 25 35 (1,083) Total Expenses 954 43,970 58,145 103,069
EBIDTA 53,839 51,512 48,202 153,553
Capital and other CostsDepreciation 16,397 17,580 17,580 51,557 Interest Expense (11,666) 8,017 18,049 14,400 Total Capital and Other 4,731 25,597 35,629 65,957
Total Gain (Loss) 49,108 25,915 12,573 87,596
July 31, 2020CASE NUMBER: MONTH ENDED:
TMH Services
20-20194
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FORM OPR-6
MONTH ENDED July 31, 2020
Case Name: THS Physician Partners, Inc.
Case Number: 2:20-bk-20010 (FWV)
May-20 June 2020 July 2020
SOURCES OF CASH Income (Loss) From Operations
Add: Depreciation, Amortization & Other non-cash
CASH GENERATED FROM OPERATIONS
Add: Decrease in Assets: Unavailable Accounts Receivable as
Inventory of
Prepaid Expenses & Deposits the
Property, Plant & Equipment date
Other of
this Increase in Liabilities: filing Pre Petition Liabilities
Post Petition Liabilities Unavailable
TOTAL SOURCES OF CASH (A) as
ofUSES OF CASH the Increase in Assets: date Accounts Receivable of
Inventory this
Prepaid Expenses & Deposits filing
Property, Plant & Equipment
Other Unavailable
as Decrease in Liabilities: of Pre-Petition Liabilities the
Post-Petition Liabilities date
TOTAL USES OF CASH (B) of
thisNET SOURCE (USE) OF CASH (A-B=NET) filing
CASH - BEGINNING BALANCE (See OPR-1)
Cash - ENDING BALANCE (See OPR-1)
STATEMENT OF SOURCES AND USES OF CASH
SEE CONSOLIDATED SOURCES OF CASH STATEMENT FILED AS EXHIBIT TO THOMAS HEALTH SYSTEM (CASE No. 20007) MOR
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CASE NAME: TMH Services
CASE NUMBER: 20-20194
SUMMIT COMMUNITY BANKX-7066
DATE PAYEE AMOUNT7/1/2020 Bank fee 25.007/6/2020 City Loan 2,023.41
TOTAL 2,048.41
CASH DISBURSEMENTS DETAIL
Case 2:20-bk-20007 Doc 952 Filed 08/21/20 Entered 08/21/20 14:53:35 Desc Main Document Page 10 of 14
CASE NAME: TMH Services
CASE NUMBER: 20-20194
SUMMIT COMMUNITY BANKX-7066
DATE RECEIVED FROM AMOUNT
No Activity
TOTAL -
CASH RECEIPTS DETAIL
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