Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $244,397

• 2a · Program service revenue: PATIENT SERVICES

  total $112,110,748 · related or exempt $112,110,748

• 2b · Program service revenue: PHARMACY REVENUE

  total $1,309,278 · related or exempt $1,309,278

• 3 · Investment income

  total $58,660 · unrelated business $34,787 · excluded $23,873

• 6a · Gross rents

  real property $82,644

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $82,644

• 6d · Net rental income or loss

  total $82,644 · unrelated business $12,492 · excluded $70,152

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

  securities $1,372

• 7c · Gain or loss

  securities -$1,372

• 7d · Net gain or loss

  total -$1,372 · excluded -$1,372

• 11a · Other revenue: CAFETERIA

  total $1,135,298 · excluded $1,135,298

• 11b · Other revenue: MANAGEMENT FEES

  total $41,670 · unrelated business $41,670

• 11d · All other revenue

  total $149,552 · related or exempt $149,552

• 11e · Other revenue, total

  $1,326,520

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $883,917 · management and general $883,917

• 6 · Compensation of disqualified persons

  total $111,715 · program services $111,715

• 7 · Other salaries and wages

  total $49,977,899 · program services $42,950,077 · management and general $7,027,822

• 8 · Pension plan contributions

  total $1,360,871 · program services $1,170,349 · management and general $190,522

• 9 · Other employee benefits

  total $14,681,247 · program services $12,402,531 · management and general $2,278,716

• 10 · Payroll taxes

  total $3,295,034 · program services $2,636,027 · management and general $659,007

• 11a · Fees: management

  total $657,085 · management and general $657,085

• 11b · Fees: legal

  total $198,207 · management and general $198,207

• 11c · Fees: accounting

  total $323,039 · management and general $323,039

• 11f · Fees: investment management

  total $66,678 · management and general $66,678

• 11g · Fees: other

  total $21,097,179 · program services $19,023,512 · management and general $2,073,667

• 12 · Advertising and promotion

  total $241,501 · program services $241,501

• 13 · Office expenses

  total $4,820,124 · program services $3,871,006 · management and general $949,118

• 14 · Information technology

  total $819,425 · program services $655,540 · management and general $163,885

• 16 · Occupancy

  total $4,656,606 · program services $3,612,452 · management and general $1,044,154

• 17 · Travel

  total $174,007 · program services $139,810 · management and general $34,197

• 19 · Conferences, conventions and meetings

  total $16,066 · program services $12,853 · management and general $3,213

• 20 · Interest

  total $4,493,148 · management and general $4,493,148

• 21 · Payments to affiliates

  total $42,000 · program services $42,000

• 22 · Depreciation, depletion and amortization

  total $3,782,705 · program services $3,026,164 · management and general $756,541

• 23 · Insurance

  total $433,573 · program services $433,573

• 24a · Other expenses: MEDICAL SUPPLIES

  total $17,867,879 · program services $17,867,879

• 24b · Other expenses: PROVIDER TAX

  total $3,455,941 · program services $3,455,941

• 24c · Other expenses: REPAIRS AND MAINTENANCE

  total $2,116,003 · program services $1,692,802 · management and general $423,201

• 24d · Other expenses: LICENSE/FEES

  total $1,028,906 · program services $822,001 · management and general $206,905

• 24e · All other expenses

  total $1,117,909 · program services $396,888 · management and general $721,021

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,639,442 · end of year $5,443,515

• 2 · Savings and temporary cash investments

  beginning of year $26,831 · end of year $1,998,246

• 4 · Accounts receivable

  beginning of year $17,177,198 · end of year $25,538,764

• 7 · Other notes and loans receivable

  beginning of year $1,436,856

• 8 · Inventories for sale or use

  beginning of year $1,733,259 · end of year $1,413,856

• 9 · Prepaid expenses and deferred charges

  beginning of year $791,198 · end of year $364,343

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

  $24,347,951

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

  $3,271,387

• 10c · Land, buildings and equipment, net

  beginning of year $2,831,503 · end of year $21,076,564

• 11 · Investments: publicly traded securities

  beginning of year $1,188,349 · end of year $295,536

• 12 · Investments: other securities

  beginning of year -$1,381,207

• 15 · Other assets

  beginning of year $20,898,682 · end of year $18,140,337

• 17 · Accounts payable and accrued expenses

  beginning of year $23,126,209 · end of year $34,255,688

• 23 · Secured mortgages and notes payable

  beginning of year $56,303,320 · end of year $56,721,419

• 25 · Other liabilities

  beginning of year $4,876,940 · end of year $32,576,962

• 27 · Net assets without donor restrictions

  beginning of year -$33,964,358 · end of year -$49,282,908

The filer's explanations (Part III)

PART I, LINE 1A

THE HOSPITAL WILL REIMBURSE FOR ALL OF THE REASONABLE TRAVEL, LODGING AND MEAL EXPENSES INCURRED BY THE CEO'S SPOUSE FOR TWO BUSINESS-RELATED MEETINGS OR CONFERENCES PER YEAR.

PART I, LINES 4A-B

VANCE JACKSON RECEIVED $227,026 OF SEVERANCE PAYMENTS DURING TY24. 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 NO DISTRIBUTIONS / PAYMENTS WERE MADE FROM THE PLAN; DAVID GOLDBERG WAS THE ONLY PARTICIPANT.

PART I, LINE 3:

THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR THE OVERSIGHT OF THE COMPENSATION FOR THE SENIOR STAFF. A CONSULTANT (YAFFE & COMPANY) IS ENGAGED WHO FACILITATES THE ANNUAL EVALUATION PROCESS FOR DETERMINING COMPENSATION FOR EXECUTIVES. THE CONSULTANT COORDINATES A SERIES OF MEETINGS, LEADS DISCUSSIONS ON THE CHIEF EXECUTIVE OFFICER'S PERFORMANCE EVALUATION, PRESENTS MARKET ANALYSIS INFORMATION FOR KEY POSITIONS AND PROVIDES RECOMMENDATIONS FOR SALARY LEVELS BASED ON THAT INFORMATION. THE COMMITTEE MAKES THEIR DECISION USING THE GUIDANCE OF THE CONSULTANT.

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

  SURGERY CENTER · WV

• 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