Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $359,648

• 1f · All other contributions, gifts and grants

  $1,008,199

• 7a · Gross sales of assets other than inventory

  securities $121,887

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

  securities $0

• 7c · Gain or loss

  securities $121,887

• 7d · Net gain or loss

  total $121,887 · excluded $121,887

• 8a · Fundraising events: gross income

  $194,700

• 8a · Fundraising events: contributions included on line 1c

  $359,648

• 8b · Fundraising events: direct expenses

  $334,199

• 8c · Net income from fundraising events

  total -$139,499 · excluded -$139,499

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $139,025 · program services $139,025

• 2 · Grants to domestic individuals

  total $44,700 · program services $44,700

• 11f · Fees: investment management

  total $48,601 · management and general $48,601

• 11g · Fees: other

  total $302,049 · management and general $302,049

• 12 · Advertising and promotion

  total $3,776 · fundraising $3,776

• 13 · Office expenses

  total $3,174 · management and general $3,174

• 16 · Occupancy

  total $1,544 · management and general $1,544

• 17 · Travel

  total $658 · management and general $658

• 22 · Depreciation, depletion and amortization

  total $33,934 · management and general $33,934

• 24a · Other expenses: MISCELLANEOUS EXPENSE

  total $18,658 · management and general $18,658

• 24b · Other expenses: BAD DEBT EXPENSE

  total $279 · management and general $279

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $845,983 · end of year $1,153,617

• 2 · Savings and temporary cash investments

  beginning of year $197,944

• 3 · Pledges and grants receivable

  beginning of year $196,105 · end of year $593,853

• 9 · Prepaid expenses and deferred charges

  beginning of year $43,309 · end of year $43,644

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

  $356,311

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

  $33,932

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $322,379

• 11 · Investments: publicly traded securities

  beginning of year $6,851,038 · end of year $7,210,580

• 12 · Investments: other securities

  beginning of year $549,945

• 13 · Investments: program-related

  end of year $1,016,824

• 15 · Other assets

  beginning of year $1,075,727 · end of year $807,098

• 17 · Accounts payable and accrued expenses

  beginning of year $3,430 · end of year $46,037

• 19 · Deferred revenue

  beginning of year $0

• 25 · Other liabilities

  beginning of year $177,671 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $3,248,287 · end of year $3,696,475

• 28 · Net assets with donor restrictions

  beginning of year $6,330,663 · end of year $7,405,483

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 2023: 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.

• WOMEN AND CHILDREN'S MEDICAL OFFICE BUILDING LLC

  MEDICAL OFFICE BUILDING · WV

• 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

• FAIRMONT HOME EQUIPMENT AND SUPPLY

  C · EQUIPMENT RENT & SVC · WV · controlled entity

• MORGANTOWN PHYSICAL THERAPY ASSOC INC

  C · REHABILITATION 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

• ZERCOR RE SEGREGATED PORTFOLIO #2 DAVIS

  C · CAPTIVE INSURANCE · CJ · controlled entity