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Nonprofiteer
← PRINCETON COMMUNITY HOSPITAL ASSOCIATION INC

Form 990 for tax year 2024

Filed by PRINCETON COMMUNITY HOSPITAL ASSOCIATION INC.

Totals

Total revenue
$326,410,729
Total expenses
$323,653,375
Contributions and grants received
$97,446
Grants paid
$60,895
Program service revenue
$322,326,271
Investment income
$1,037,658
Other revenue
$2,949,354
Total assets, end of year
$153,831,132
Total liabilities, end of year
$131,198,233
Net assets or fund balances, end of year
$22,632,899
Program services expenses (Part IX)
$267,199,802
Management and general expenses
$56,453,573
Fundraising expenses
$0
Program service expenses (Part III)
$267,199,802

Program services were 82.6% 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.

  • 1d · Related organizations

    $49,346

  • 1e · Government grants (contributions)

    $3,500

  • 1f · All other contributions, gifts and grants

    $44,600

  • 2a · Program service revenue: Patient Service Revenue

    total $319,538,041 · related or exempt $319,538,041

  • 2b · Program service revenue: Pharmacy Revenue

    total $2,788,230 · related or exempt $2,788,230

  • 3 · Investment income

    total $1,246,665 · excluded $1,246,665

  • 6a · Gross rents

    real property $204,453

  • 6b · Less rental expenses

    real property $23,996

  • 6c · Rental income or loss

    real property $180,457

  • 6d · Net rental income or loss

    total $180,457 · excluded $180,457

  • 7a · Gross sales of assets other than inventory

    other assets $17

  • 7b · Less cost or other basis and sales expenses

    other assets $209,024

  • 7c · Gain or loss

    other assets -$209,007

  • 7d · Net gain or loss

    total -$209,007 · excluded -$209,007

  • 11a · Other revenue: Cafeteria Income

    total $1,312,753 · excluded $1,312,753

  • 11b · Other revenue: Contracted Services

    total $762,825 · related or exempt $762,825

  • 11c · Other revenue: Rebate Revenue

    total $521,908 · excluded $521,908

  • 11d · All other revenue

    total $171,411 · related or exempt $171,411

  • 11e · Other revenue, total

    $2,768,897

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $38,431 · program services $38,431

  • 2 · Grants to domestic individuals

    total $22,464 · program services $22,464

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $3,518,208 · program services $2,152,356 · management and general $1,365,852

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $91,730,694 · program services $83,963,774 · management and general $7,766,920

  • 8 · Pension plan contributions

    total $3,152,112 · program services $2,911,499 · management and general $240,613

  • 9 · Other employee benefits

    total $22,546,259 · program services $20,691,493 · management and general $1,854,766

  • 10 · Payroll taxes

    total $6,899,895 · program services $6,315,675 · management and general $584,220

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $220,773 · management and general $220,773

  • 11c · Fees: accounting

    total -$95,589 · management and general -$95,589

  • 11d · Fees: lobbying

    total $45,796 · program services $45,796

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $59,665,680 · program services $45,305,672 · management and general $14,360,008

  • 12 · Advertising and promotion

    total $631,487 · program services $1,090 · management and general $630,397

  • 13 · Office expenses

    total $8,464,349 · program services $5,847,064 · management and general $2,617,285

  • 14 · Information technology

    total $309,990 · program services $84,926 · management and general $225,064

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $4,196,674 · program services $2,998,252 · management and general $1,198,422

  • 17 · Travel

    total $331,886 · program services $244,953 · management and general $86,933

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $28,700 · program services $20,089 · management and general $8,611

  • 20 · Interest

    total $3,396,805 · program services $2,427,260 · management and general $969,545

  • 21 · Payments to affiliates

    total $19,807,198 · program services $4,171,486 · management and general $15,635,712

  • 22 · Depreciation, depletion and amortization

    total $10,714,714 · program services $7,656,430 · management and general $3,058,284

  • 23 · Insurance

    total $3,134,318 · program services $2,113,764 · management and general $1,020,554

  • 24a · Other expenses: Medical Supplies

    total $49,875,939 · program services $49,875,939

  • 24b · Other expenses: Provision for Doubtful Accounts

    total $20,061,251 · program services $20,061,251

  • 24c · Other expenses: Taxes, Licenses and Fees

    total $11,414,158 · program services $9,651,492 · management and general $1,762,666

  • 24d · Other expenses: Recruiting

    total $516,511 · program services $506,511 · management and general $10,000

  • 24e · All other expenses

    total $3,024,672 · program services $92,135 · management and general $2,932,537

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $37,546 · end of year -$138,867

  • 2 · Savings and temporary cash investments

    beginning of year $35,787,779 · end of year $18,429,746

  • 4 · Accounts receivable

    beginning of year $55,257,496 · end of year $53,392,220

  • 8 · Inventories for sale or use

    beginning of year $5,156,263 · end of year $5,569,383

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,412,233 · end of year $5,287,670

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

    $86,665,428

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

    $21,120,574

  • 10c · Land, buildings and equipment, net

    beginning of year $58,004,056 · end of year $65,544,854

  • 13 · Investments: program-related

    beginning of year $6,127,522 · end of year $5,075,514

  • 14 · Intangible assets

    beginning of year $663,749 · end of year $555,679

  • 15 · Other assets

    beginning of year $313,816 · end of year $114,933

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,567,621 · end of year $27,680,045

  • 19 · Deferred revenue

    beginning of year -$111

  • 23 · Secured mortgages and notes payable

    beginning of year $57,000,000 · end of year $56,140,000

  • 25 · Other liabilities

    beginning of year $62,511,017 · end of year $47,378,188

  • 27 · Net assets without donor restrictions

    beginning of year $15,681,933 · end of year $22,632,899

Mission and programs · 2024

Mission

We strive for an organizational culture that is based on trust, integrity, and transparency. A culture where everyone is treated with dignity and respect. A culture rooted in compassion and high-quality patient care.

Activities or mission (Part I)

Princeton Community Hospital Association is committed to excellent experiences for our patients, our physicians, our employees, and our community.

  • Princeton Community Hospital Association offers convenient primary care clinics across the region, providing expert care for patients of all ages. Whether scheduling a routine checkup or managing a chronic condition, you can trust our providers with your familys health. In 2024, Princeton Community Hospital Association had 21,111 internal medicine visits and 28,392 family mediicne visits.

    Expenses $46,369,332 · Revenue $55,378,037

  • Princeton Community Hospital Association has eight state of the art operating rooms where surgeons perform procedures every day that save lives, add years to life, and enhance quality of life. In 2024, Princeton Community Hospital Association performed 7,443 surgeries.

    Expenses $33,157,835 · Revenue $44,360,016

  • Princeton Community Hospital Association has a 24/7 emergency department that is staffed by board-certified physicians and highly trained nurses who deliver lifesaving care with a combination of efficiency and compassion. In 2024, Princeton Community Hospital had 53,083 emergency department visits.

    Expenses $17,577,529 · Revenue $27,310,797

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

Listed in Part VII

  • Mark Weitzel

    Physician

    Total calculated
    $1,131,963
    From this org
    $1,081,453
    From related orgs
    $0
    Other
    $50,510
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $489,728
    Bonus
    $591,185
    Other
    $540
    Deferred
    $15,525
    Nontaxable benefits
    $34,985
    Filer's total
    $1,131,963

  • Mark Lenter

    Physician

    Total calculated
    $1,076,191
    From this org
    $1,025,681
    From related orgs
    $0
    Other
    $50,510
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $577,829
    Bonus
    $447,313
    Other
    $539
    Deferred
    $15,525
    Nontaxable benefits
    $34,985
    Filer's total
    $1,076,191

  • Joseph Cutrone

    Physician

    Total calculated
    $1,010,634
    From this org
    $964,827
    From related orgs
    $0
    Other
    $45,807
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $530,754
    Bonus
    $433,586
    Other
    $487
    Deferred
    $15,525
    Nontaxable benefits
    $30,282
    Filer's total
    $1,010,634

  • David Mullins

    Director, Physician

    Total calculated
    $926,750
    From this org
    $874,080
    From related orgs
    $0
    Other
    $52,670
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $520,888
    Bonus
    $351,950
    Other
    $1,242
    Deferred
    $15,525
    Nontaxable benefits
    $37,145
    Filer's total
    $926,750

  • Tom Takubo

    Director, Exec VP of Provider Relations WVUHS

    Total calculated
    $900,756
    From this org
    $0
    From related orgs
    $772,188
    Other
    $128,568
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $602,457 related
    Bonus
    not reported + $151,808 related
    Other
    not reported + $17,923 related
    Deferred
    not reported + $105,908 related
    Nontaxable benefits
    not reported + $22,660 related
    Filer's total
    not reported + $900,756 related

  • Gene Duremdes

    Physician

    Total calculated
    $851,297
    From this org
    $810,809
    From related orgs
    $0
    Other
    $40,488
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $508,214
    Bonus
    $299,032
    Other
    $3,563
    Deferred
    $15,525
    Nontaxable benefits
    $24,963
    Filer's total
    $851,297

  • Karen Bowling

    President

    Total calculated
    $817,870
    From this org
    $788,492
    From related orgs
    $0
    Other
    $29,378
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $524,656
    Bonus
    $156,292
    Other
    $107,544
    Deferred
    $15,525
    Nontaxable benefits
    $13,853
    Filer's total
    $817,870

  • Stephen Ward

    Physician

    Total calculated
    $745,618
    From this org
    $716,417
    From related orgs
    $0
    Other
    $29,201
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $715,175
    Bonus
    not reported
    Other
    $1,242
    Deferred
    $15,525
    Nontaxable benefits
    $13,676
    Filer's total
    $745,618

  • Christopher Daniel

    Director, Hospitalist

    Total calculated
    $463,874
    From this org
    $0
    From related orgs
    $413,688
    Other
    $50,186
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $374,778 related
    Bonus
    not reported + $38,100 related
    Other
    not reported + $810 related
    Deferred
    not reported + $15,525 related
    Nontaxable benefits
    not reported + $34,661 related
    Filer's total
    not reported + $463,874 related

  • Thomas Martin

    Medical Director

    Total calculated
    $426,843
    From this org
    $387,443
    From related orgs
    $0
    Other
    $39,400
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $385,211
    Bonus
    not reported
    Other
    $2,232
    Deferred
    $15,525
    Nontaxable benefits
    $23,875
    Filer's total
    $426,843

  • Albert Boland

    VP of Operations

    Total calculated
    $300,903
    From this org
    $253,753
    From related orgs
    $0
    Other
    $47,150
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,905
    Bonus
    $28,026
    Other
    $822
    Deferred
    $10,427
    Nontaxable benefits
    $36,723
    Filer's total
    $300,903

  • Diane Spencer

    VP Finance CFO

    Total calculated
    $296,901
    From this org
    $264,963
    From related orgs
    $0
    Other
    $31,938
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,168
    Bonus
    $26,556
    Other
    $13,239
    Deferred
    $10,266
    Nontaxable benefits
    $21,672
    Filer's total
    $296,901

  • Timothy Anderson

    VP Nursing CNO

    Total calculated
    $269,026
    From this org
    $257,855
    From related orgs
    $0
    Other
    $11,171
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,134
    Bonus
    $27,204
    Other
    $1,517
    Deferred
    $10,275
    Nontaxable benefits
    $896
    Filer's total
    $269,026

  • Heather Poff

    VP Human Resources

    Total calculated
    $251,081
    From this org
    $208,487
    From related orgs
    $0
    Other
    $42,594
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,108
    Bonus
    $22,956
    Other
    $423
    Deferred
    $8,543
    Nontaxable benefits
    $34,051
    Filer's total
    $251,081

  • Lee Grimes

    VP Ambulatory Operations

    Total calculated
    $228,833
    From this org
    $206,944
    From related orgs
    $0
    Other
    $21,889
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,662
    Bonus
    $7,287
    Other
    $1,996
    Deferred
    $9,038
    Nontaxable benefits
    $12,850
    Filer's total
    $228,833

  • Josh Cline

    Director

    Total calculated
    $0
    Hours/week
    1

  • James Sarver III

    Director, Chairman

    Total calculated
    $0
    Hours/week
    1

  • Robert Schumacher

    Director, Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • David Graham

    Director

    Total calculated
    $0
    Hours/week
    1

  • Terry Graham

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joe Keatley

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kevin Martin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Patty Moore

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mike Webb

    Director

    Total calculated
    $0
    Hours/week
    1

  • Leslie Wellman

    Director

    Total calculated
    $0
    Hours/week
    1

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
  • 6a · Pay contingent on this organization's net earnings

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
  • 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
Compensation for the CEO is determined by the WV United Health System compensation committee. The System engages an independent group to perform an executive compensation review and compensation survey every two years. This information is provided to the committee, which is made up of independent board members who are then responsible for setting the compensation packages offered to each executive, ensuring that the compensation package offered does not exceed fair market value.
Part I Line 4b
Tom Takubo received deferred compensation contributions of 90,383 in 2024 from related party. This amount is properly recorded in deferred compensation on the Form 990 Schedule J.
Part I Line 4b
Karen Bowling received direct cash payments instead of deferral of income. She received cash distributions of 92,219
Part I Line 6a
Per the WVUHS Incentive Plan incentives are contingent on meeting a net earning target.

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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202533189349303118

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