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Nonprofiteer
← PRESTON MEMORIAL HOSPITAL CORPORATION

Form 990 for tax year 2024

Filed by PRESTON MEMORIAL HOSPITAL CORPORATION.

Totals

Total revenue
$63,938,773
Total expenses
$60,349,487
Contributions and grants received
$1,502,000
Grants paid
$0
Program service revenue
$61,540,076
Investment income
$524,378
Other revenue
$372,319
Total assets, end of year
$62,883,256
Total liabilities, end of year
$52,290,747
Net assets or fund balances, end of year
$10,592,509
Program services expenses (Part IX)
$46,849,131
Management and general expenses
$13,500,356
Fundraising expenses
$0
Program service expenses (Part III)
$46,849,131

Program services were 77.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,502,000

  • 2a · Program service revenue: NET PATIENT SERVICE RE

    total $58,052,932 · related or exempt $58,052,932

  • 2b · Program service revenue: 340B DRUG PROGRAM

    total $3,487,144 · related or exempt $3,487,144

  • 3 · Investment income

    total $524,378 · excluded $524,378

  • 11a · Other revenue: CAFETERIA SALES

    total $213,414 · excluded $213,414

  • 11b · Other revenue: EMPLOYEE DRUG REV

    total $130,248 · related or exempt $130,248

  • 11c · Other revenue: REBATES

    total $17,136 · related or exempt $17,136

  • 11d · All other revenue

    total $11,521 · related or exempt $11,521

  • 11e · Other revenue, total

    $372,319

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $288,479 · program services $288,479

  • 6 · Compensation of disqualified persons

    total $34,108 · program services $34,108

  • 7 · Other salaries and wages

    total $24,701,345 · program services $20,370,612 · management and general $4,330,733

  • 8 · Pension plan contributions

    total $875,148 · program services $726,373 · management and general $148,775

  • 9 · Other employee benefits

    total $4,698,277 · program services $3,885,176 · management and general $813,101

  • 10 · Payroll taxes

    total $1,286,148 · program services $1,067,503 · management and general $218,645

  • 11c · Fees: accounting

    total $16,350 · management and general $16,350

  • 11f · Fees: investment management

    total $142,366 · management and general $142,366

  • 11g · Fees: other

    total $5,501,875 · program services $5,026,289 · management and general $475,586

  • 13 · Office expenses

    total $354,584 · program services $283,828 · management and general $70,756

  • 16 · Occupancy

    total $1,190,484 · program services $915,142 · management and general $275,342

  • 17 · Travel

    total $55,906 · program services $46,289 · management and general $9,617

  • 19 · Conferences, conventions and meetings

    total $43,283 · program services $34,626 · management and general $8,657

  • 20 · Interest

    total $992,853 · management and general $992,853

  • 22 · Depreciation, depletion and amortization

    total $1,660,392 · program services $1,328,314 · management and general $332,078

  • 23 · Insurance

    total $620,899 · program services $620,899

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $9,669,708 · program services $9,669,708

  • 24b · Other expenses: MANAGEMENT FEES

    total $5,170,703 · management and general $5,170,703

  • 24c · Other expenses: HEALTHCARE PROVIDER TAX

    total $1,586,391 · program services $1,586,391

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $688,921 · program services $551,137 · management and general $137,784

  • 24e · All other expenses

    total $771,267 · program services $414,257 · management and general $357,010

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,310,462 · end of year $1,602

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $772,669

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $102,717

  • 4 · Accounts receivable

    beginning of year $7,427,486 · end of year $11,667,669

  • 8 · Inventories for sale or use

    beginning of year $385,797 · end of year $718,081

  • 9 · Prepaid expenses and deferred charges

    beginning of year $107,954 · end of year $150,847

  • 10a · Land, buildings and equipment: cost or other basis

    $23,082,380

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,487,331

  • 10c · Land, buildings and equipment, net

    beginning of year $18,335,815 · end of year $19,595,049

  • 12 · Investments: other securities

    beginning of year $12,725,232 · end of year $17,799,432

  • 14 · Intangible assets

    beginning of year $0 · end of year $30,843

  • 15 · Other assets

    beginning of year $2,083,757 · end of year $12,044,347

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,064,100 · end of year $4,617,776

  • 23 · Secured mortgages and notes payable

    beginning of year $31,354,086 · end of year $31,786,106

  • 25 · Other liabilities

    beginning of year $5,869,301 · end of year $15,886,865

  • 27 · Net assets without donor restrictions

    beginning of year $6,079,016 · end of year $9,092,509

  • 28 · Net assets with donor restrictions

    beginning of year $10,000 · end of year $1,500,000

Mission and programs · 2024

Mission

TO ENHANCE THE HEALTH OF THE COMMUNITIES WE SERVE, ONE PERSON AT A TIME.

  • THE HOSPITAL HAD 2,472 INPATIENT DAYS, CARED FOR 10,282 EMERGENCY PATIENTS AND TREATED 50,525 PATIENTS IN ITS OUTPATIENT CLINICS. THE HOSPITAL PROVIDES CARE REGARDLESS OF THE PATIENT'S ABILITY TO PAY. CHARGES FOREGONE FOR CHARITY CARE AMOUNTED TO $1,112,981. THE HOSPITAL PROMOTES AND PROVIDES ACTIVITIES SUCH AS HEALTH FAIRS, BLOOD DRIVES, AND A FITNESS CENTER TO IMPROVE THE HEALTH AND WELFARE OF ITS PATIENTS. THE HOSPITAL ALSO CONDUCTS COMMUNITY-WIDE SPEAKER BUREAUS TO HELP EDUCATE THE COMMUNITY ON SPECIFIC HEALTH AND WELLNESS MATTERS. THE HOSPITAL STRIVES TO PROVIDE AND PROMOTE NEEDED SERVICES IN THE COMMUNITY BY PARTNERING WITH LOCAL AGENCIES SUCH AS THE PRESTON COUNTY HEALTH DEPARTMENT, FAMILY RESOURCE NETWORK, PRESTON PREVENTION PARTNERSHIP, AND THE PRESTON COUNTY CHAMBER OF COMMERCE.THE ORGANIZATION SPONSORED HEALTH FAIRS, BLOOD DRIVES, CANCER SCREENINGS, CPR/FIRST AID CLASSES, CRISIS INTERVENTION, DIABETES INTERVENTION, FAMILY/PARENTING/SIBLING EDUCATION, FITNESS EDUCATION, FLU SHOTS, NUTRITION/WEIGHT MAINTENANCE, SCHOOL BASED PROGRAMS, SENIOR EDUCATION AND OUTREACH PROGRAMS, SPORTS INJURY PREVENTION, SUBSTANCE ABUSE AND TOBACCO/SMOKING CESSATION.

    Expenses $46,849,131 · Revenue $61,698,981

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DAVID GOLDBERG

    DIRECTOR, MHS PRESIDENT CEO

    Total calculated
    $1,047,723
    From this org
    $0
    From related orgs
    $996,584
    Other
    $51,139
    Hours/week
    1 + 57 related

    Schedule J breakdown matched by us

    Base
    $0 + $736,828 related
    Bonus
    $0 + $241,048 related
    Other
    $0 + $18,708 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $37,339 related
    Filer's total
    $0 + $1,047,723 related

  • MELISSA LOCKWOOD

    DIRECTOR/PMH CAO

    Total calculated
    $335,796
    From this org
    $56,614
    From related orgs
    $252,555
    Other
    $26,627
    Hours/week
    30 + 20 related

    Schedule J breakdown matched by us

    Base
    $56,614 + $201,708 related
    Bonus
    $0 + $48,510 related
    Other
    $0 + $2,337 related
    Deferred
    $1,476 + $10,933 related
    Nontaxable benefits
    $3,288 + $10,930 related
    Filer's total
    $61,378 + $274,418 related

  • JASON MCNAIR

    DIRECTOR/CHIEF OF STAFF

    Total calculated
    $241,263
    From this org
    $231,865
    From related orgs
    $0
    Other
    $9,398
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $231,559
    Bonus
    $0
    Other
    $306
    Deferred
    $9,262
    Nontaxable benefits
    $136
    Filer's total
    $241,263

  • NICK TAYLOR

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RAY THOMPSON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • TIM CALVERT

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KATHY MCNEILL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5.5 related

  • RITA MCCROBIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • RONALD CRITES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TARRELL RIES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • KEVIN GESSLER

    VP FINANCE

    Total calculated
    $313,395
    From this org
    $0
    From related orgs
    $291,880
    Other
    $21,515
    Hours/week
    20 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $239,990 related
    Bonus
    $0 + $50,560 related
    Other
    $0 + $1,330 related
    Deferred
    $0 + $9,365 related
    Nontaxable benefits
    $0 + $12,150 related
    Filer's total
    $0 + $313,395 related

  • FRANK ABRAHAM

    PHYSICIAN

    Total calculated
    $633,655
    From this org
    $575,667
    From related orgs
    $0
    Other
    $57,988
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $571,826
    Bonus
    $0
    Other
    $3,841
    Deferred
    $13,800
    Nontaxable benefits
    $44,188
    Filer's total
    $633,655

  • LORN WOLFE

    PHYSICIAN

    Total calculated
    $518,066
    From this org
    $472,062
    From related orgs
    $0
    Other
    $46,004
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $470,752
    Bonus
    $0
    Other
    $1,310
    Deferred
    $13,800
    Nontaxable benefits
    $32,204
    Filer's total
    $518,066

  • MARAM HAKOUM

    DIRECTOR OF PHYSICIANS

    Total calculated
    $434,635
    From this org
    $407,759
    From related orgs
    $0
    Other
    $26,876
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $407,347
    Bonus
    $0
    Other
    $412
    Deferred
    $13,800
    Nontaxable benefits
    $13,076
    Filer's total
    $434,635

  • TERESA HARRIMAN

    CHIEF CRNA

    Total calculated
    $335,606
    From this org
    $308,902
    From related orgs
    $0
    Other
    $26,704
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $307,516
    Bonus
    $0
    Other
    $1,386
    Deferred
    $12,440
    Nontaxable benefits
    $14,264
    Filer's total
    $335,606

  • JULIA RAMBERG

    PHYSICIAN

    Total calculated
    $328,070
    From this org
    $272,778
    From related orgs
    $0
    Other
    $55,292
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $246,075
    Bonus
    $25,000
    Other
    $1,703
    Deferred
    $11,112
    Nontaxable benefits
    $44,180
    Filer's total
    $328,070

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3:
THE CEO'S COMPENSATION IS PAID BY MONONGALIA HEALTH SYSTEAM. MONONGALIA HEALTH SYSTEM USES THE FOLLOWING METHOD TO ESTABLISH THE COMPENSATION OF THE CEO: -COMPENSATION COMMITTEE; -INDEPENDENT COMPENSATION CONSULTANT; -COMPENSATION SURVEY OR STUDY; -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 4B:
457(F) INELIGIBLE DEFERRED COMPENSATION PLAN - A 457 F PLAN IS OFFERED TO CERTAIN MANAGEMENT AND/OR HIGHLY COMPENSATED EMPLOYEES TO OFFER THOSE EMPLOYEES A DEFERRED COMPENSATION OPPORTUNITY. THE PLAN IS INTENDED TO BE A "TOP-HAT PLAN", OR UNFUNDED DEFERRED COMPENSATION PLAN MAINTAINED FOR A SELECT GROUP OF EMPLOYEES. PARTICIPANTS MAY BECOME VESTED IN AMOUNTS CREDITED ON JANUARY 1 ELECTED BY THE PARTICIPANT AT THE TIME THE INITIAL DEFERRAL WAS ELECTED. A PARTICIPANT SHALL BECOME FULLY VESTED UPON DEATH, DISABILITY, ATTAINMENT OF AGE 60, OR SEPARATION OF SERVICE, AS DEFINED BY THE PLAN. ANY UNVESTED CONTRIBUTIONS SHALL BE FORFEITED TO THE PLAN OR EMPLOYER. FOR 2024: PER BENEFITS - NO DISTRIBUTIONS / PAYMENTS WERE MADE FROM THE PLAN; DAVID GOLDBERG WAS THE ONLY PARTICIPANT.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533219349317418

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