Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $319,881

• 1f · All other contributions, gifts and grants

  $200,684

• 1g · Noncash contributions included above

  $200,684

• 2a · Program service revenue: PATIENT SERVICE REV

  total $400,392,357 · related or exempt $399,444,241 · unrelated business $948,116

• 2b · Program service revenue: PHARMACY SALES

  total $3,181,432 · related or exempt $3,181,432

• 3 · Investment income

  total $1,159,057 · excluded $1,159,057

• 6a · Gross rents

  real property $592,644

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $592,644

• 6d · Net rental income or loss

  total $592,644 · excluded $592,644

• 7a · Gross sales of assets other than inventory

  securities $2,803,489 · other assets $7,456,991

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

  securities $0 · other assets $7,609,282

• 7c · Gain or loss

  securities $2,803,489 · other assets -$152,291

• 7d · Net gain or loss

  total $2,651,198 · excluded $2,651,198

• 11a · Other revenue: CHILD CARE REV-TUITION

  total $495,844 · related or exempt $495,844

• 11b · Other revenue: MANAGEMENT FEES

  total $25,868 · related or exempt $25,868

• 11c · Other revenue: CAFETERIA SALES

  total $22,377 · excluded $22,377

• 11d · All other revenue

  total $1,028,960 · related or exempt $1,028,960

• 11e · Other revenue, total

  $1,573,049

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,248,591 · program services $1,110,488 · management and general $138,103

• 6 · Compensation of disqualified persons

  total $992,070 · program services $882,340 · management and general $109,730

• 7 · Other salaries and wages

  total $123,860,027 · program services $110,160,241 · management and general $13,699,786

• 8 · Pension plan contributions

  total $3,745,742 · program services $3,371,168 · management and general $374,574

• 9 · Other employee benefits

  total $24,296,904 · program services $21,609,496 · management and general $2,687,408

• 10 · Payroll taxes

  total $8,239,103 · program services $7,415,193 · management and general $823,910

• 11b · Fees: legal

  total $3,238 · management and general $3,238

• 11f · Fees: investment management

  total $280,473 · management and general $280,473

• 11g · Fees: other

  total $42,092,528 · program services $36,174,046 · management and general $5,918,482

• 12 · Advertising and promotion

  total $7,169 · program services $7,169

• 13 · Office expenses

  total $1,464,087 · program services $1,194,580 · management and general $269,507

• 14 · Information technology

  total $14,124 · program services $11,299 · management and general $2,825

• 16 · Occupancy

  total $8,556,601 · program services $6,662,772 · management and general $1,893,829

• 17 · Travel

  total $318,261 · program services $269,047 · management and general $49,214

• 19 · Conferences, conventions and meetings

  total $88,346 · program services $70,677 · management and general $17,669

• 20 · Interest

  total $3,783,769 · management and general $3,783,769

• 22 · Depreciation, depletion and amortization

  total $10,096,251 · program services $8,077,001 · management and general $2,019,250

• 23 · Insurance

  total $3,010,143 · program services $3,010,143

• 24a · Other expenses: MEDICAL SUPPLIES

  total $83,393,946 · program services $83,393,946

• 24b · Other expenses: MANAGEMENT FEES

  total $43,451,011 · management and general $43,451,011

• 24c · Other expenses: MEDICAID TAX

  total $13,798,307 · program services $13,798,307

• 24d · Other expenses: REPAIRS AND MAINTENANCE

  total $6,152,808 · program services $4,922,246 · management and general $1,230,562

• 24e · All other expenses

  total $2,601,271 · program services $1,893,859 · management and general $707,412

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,618,804 · end of year $8,803

• 2 · Savings and temporary cash investments

  beginning of year $0 · end of year $4,062,831

• 4 · Accounts receivable

  beginning of year $80,558,715 · end of year $108,385,211

• 8 · Inventories for sale or use

  beginning of year $6,233,198 · end of year $9,412,471

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,006,360 · end of year $426,151

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

  $150,068,210

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

  $16,633,378

• 10c · Land, buildings and equipment, net

  beginning of year $138,970,954 · end of year $133,434,832

• 11 · Investments: publicly traded securities

  beginning of year $41,942,949 · end of year $152,581

• 12 · Investments: other securities

  beginning of year $15,248,464 · end of year $17,439,449

• 13 · Investments: program-related

  end of year $16,348,179

• 14 · Intangible assets

  beginning of year $0 · end of year $4,612,247

• 15 · Other assets

  beginning of year $38,947,537 · end of year $117,959,657

• 17 · Accounts payable and accrued expenses

  beginning of year $25,668,903 · end of year $48,853,579

• 19 · Deferred revenue

  beginning of year $0 · end of year $12,129

• 20 · Tax-exempt bond liabilities

  beginning of year $88,803,221 · end of year $85,663,736

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $265,307

• 25 · Other liabilities

  beginning of year $19,733,634 · end of year $52,198,060

• 27 · Net assets without donor restrictions

  beginning of year $192,321,223 · end of year $225,249,601

The filer's explanations (Part III)

PART I, LINE 3

THE CEO'S COMPENSATION IS PAID BY MONONGALIA HEALTH SYSTEM. MONONGALIA HEALTH SYSTEM USES THE FOLLOWING METHODS 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

Related partnerships

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

• GENERAL DIVISION MEDICAL OFFICE BUILDING LLC

  MEDICAL OFFICE BUILDING · WV

• DASCO-CAMC HOME MEDICAL EQUIPMENT LLC

  HOME MEDICAL EQUIPMENT · WV

• MGH SURGERY LLC

  RELATED · SURGERY CENTER · WV · 51% owned · share of income $2,672,520 · share of assets $2,470,320

  Directly controlled by MONONGALIA COUNTY GENERAL HOSPITAL CO

• MON HEALTH-DASCO HOME MEDICAL EQUIPMENT LLC

  HOME MEDICAL EQUIPMENT · OH

• CHARLESTON SURGICAL HOSPITAL LLC

  SURGERY CENTER · WV

Related corporations and trusts

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

• VANDALIA INSURANCE COMPANY

  C · INSURANCE · VT · controlled entity

• MON HEALTH CARE INC

  C · MEDICAL EQUIPMENT · WV · controlled entity

• STONEWALL HOME OXYGEN THERAPY INC

  C · OXYGEN THERAPY SERVICES · WV · controlled entity

• HEALTH FACILITIES INC

  C · HEALTH CARE · WV · controlled entity

• CENTRAL WV MEDCORP INC

  C · PHYSICIAN SERVICES · WV · controlled entity

• DAVIS REGIONAL HEALTH PARTNERS INC

  C · CONTRACT NEGOTIATIONS · WV · controlled entity

• XERCOR RE SEGREGATED PORTFOLIO #2 DAVIS

  C · CAPTIVE INSURANCE · CJ · controlled entity

• FAIRMONT HOME EQUIPMENT AND SUPPLY

  C · EQUIPMENT RENT & SVC · WV · controlled entity