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Nonprofiteer
← CAMDEN-CLARK PHYSICIAN CORPORATION

Form 990 for tax year 2024

Filed by CAMDEN-CLARK PHYSICIAN CORPORATION.

Totals

Total revenue
$107,558,624
Total expenses
$107,558,626
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$107,320,101
Investment income
-$21
Other revenue
$238,544
Total assets, end of year
$19,986,621
Total liabilities, end of year
$17,370,239
Net assets or fund balances, end of year
$2,616,382
Program services expenses (Part IX)
$104,359,539
Management and general expenses
$3,199,087
Fundraising expenses
$0
Program service expenses (Part III)
$104,359,539

Program services were 97.0% 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.

  • 2a · Program service revenue: Net Patient Revenue

    total $65,542,688 · related or exempt $65,542,688

  • 2b · Program service revenue: Hospital Support Revenue

    total $25,140,350 · related or exempt $25,140,350

  • 2c · Program service revenue: Contracted Services

    total $16,637,063 · related or exempt $16,637,063

  • 6a · Gross rents

    real property $27,794

  • 6b · Less rental expenses

    real property $27,794

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

    other assets $21

  • 7c · Gain or loss

    other assets -$21

  • 7d · Net gain or loss

    total -$21 · excluded -$21

  • 11a · Other revenue: Other Miscellaneous Revenue

    total $230,186 · related or exempt $230,186

  • 11b · Other revenue: Rebate Revenue

    total $8,012 · excluded $8,012

  • 11c · Other revenue: Cash Discounts

    total $346 · related or exempt $346

  • 11e · Other revenue, total

    $238,544

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 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 $1,490,797 · program services $1,490,797

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $41,111,878 · program services $38,898,792 · management and general $2,213,086

  • 8 · Pension plan contributions

    total $451,444 · program services $425,471 · management and general $25,973

  • 9 · Other employee benefits

    total $4,551,805 · program services $4,302,894 · management and general $248,911

  • 10 · Payroll taxes

    total $2,049,989 · program services $1,939,636 · management and general $110,353

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $220,273 · program services $207,993 · management and general $12,280

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $45,754,098 · program services $45,659,830 · management and general $94,268

  • 12 · Advertising and promotion

    total $3,370 · program services $2,430 · management and general $940

  • 13 · Office expenses

    total $255,229 · program services $188,055 · management and general $67,174

  • 14 · Information technology

    total $94 · management and general $94

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $548,090 · program services $460,057 · management and general $88,033

  • 17 · Travel

    total $15,796 · program services $3,359 · management and general $12,437

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $27,000 · program services $27,000

  • 20 · Interest

    total $17,354 · program services $17,354

  • 21 · Payments to affiliates

    total $3,042,390 · program services $3,042,390

  • 22 · Depreciation, depletion and amortization

    total $501,306 · program services $406,308 · management and general $94,998

  • 23 · Insurance

    total $1,567,746 · program services $1,566,613 · management and general $1,133

  • 24a · Other expenses: Provision for Doubtful Accounts

    total $3,639,396 · program services $3,639,396

  • 24b · Other expenses: Recruiting

    total $1,138,629 · program services $1,114,296 · management and general $24,333

  • 24c · Other expenses: Medical Supplies

    total $650,218 · program services $650,218

  • 24d · Other expenses: Educational Training

    total $285,616 · program services $276,790 · management and general $8,826

  • 24e · All other expenses

    total $236,108 · program services $39,860 · management and general $196,248

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,484,080 · end of year $758,671

  • 4 · Accounts receivable

    beginning of year $6,808,774 · end of year $9,384,542

  • 9 · Prepaid expenses and deferred charges

    beginning of year $859,253 · end of year $4,810,233

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

    $5,437,553

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

    $3,219,811

  • 10c · Land, buildings and equipment, net

    beginning of year $2,727,332 · end of year $2,217,742

  • 15 · Other assets

    beginning of year $2,239,375 · end of year $2,815,433

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,737,272 · end of year $16,717,698

  • 19 · Deferred revenue

    beginning of year $652,541 · end of year $652,541

  • 25 · Other liabilities

    beginning of year $7,175

  • 27 · Net assets without donor restrictions

    beginning of year $2,721,826 · end of year $2,616,382

Mission and programs · 2024

Mission

The general purposes of the corporation are as follows to establish, support, manage, and furnish facilities, personnel, and services to provide diagnostic, therapeautic, wellness, health promotion, surgical, and other professional medical services to sick, injured, or disabled persons

Activities or mission (Part I)

To support, manage, and furnish facilities, personnel, and medical services to individuals in need.

  • Camden Clark Physician Corporation offers 8 Primary Care clinics across Parkersburg, WV and into Belpre, OH. These clinics work with the general public to provide patient well being. In 2024, Primary Care reported 209,862 work relative value units wRVUs and had a total of 102,634 visits.

    Expenses $16,143,637 · Revenue $11,434,710

  • Camden Clark Physician Corporation offers Cardiac Services through Parkersburg Cardiology. This specialization works with top of the line heart care. In 2024, Cardiac Services reported 116,173 work relative value units wRVUs and had a total of 27,163 visits.

    Expenses $13,776,159 · Revenue $6,672,434

  • Camden Clark Physician Corporation offers Hospitalist coverage through a term of employed physicians and in collaboration with Camden Clark Medical Center. In 2024, Hospitalists reported 125,939 work relative value units wRVUs.

    Expenses $12,488,649 · Revenue $5,877,009

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

Listed in Part VII

  • Muhamed Barakat

    Physician

    Total calculated
    $1,121,861
    From this org
    $1,084,574
    From related orgs
    $0
    Other
    $37,287
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $646,158
    Bonus
    $437,876
    Other
    $540
    Deferred
    not reported
    Nontaxable benefits
    $37,287
    Filer's total
    $1,121,861

  • Yasu Harasaki MD

    Physician

    Total calculated
    $1,093,628
    From this org
    $1,064,413
    From related orgs
    $0
    Other
    $29,215
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $815,884
    Bonus
    $246,207
    Other
    $2,322
    Deferred
    $15,525
    Nontaxable benefits
    $13,690
    Filer's total
    $1,093,628

  • Bairava Kuppuswamy MD

    Director - Vice Chairman

    Total calculated
    $1,015,739
    From this org
    $965,167
    From related orgs
    $0
    Other
    $50,572
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $596,245
    Bonus
    $366,600
    Other
    $2,322
    Deferred
    $15,525
    Nontaxable benefits
    $35,047
    Filer's total
    $1,015,739

  • Luay Mrad

    Physician Consultant

    Total calculated
    $959,743
    From this org
    $930,522
    From related orgs
    $0
    Other
    $29,221
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $561,067
    Bonus
    $368,969
    Other
    $486
    Deferred
    $15,525
    Nontaxable benefits
    $13,696
    Filer's total
    $959,743

  • Warner Wang MD

    Physician

    Total calculated
    $847,561
    From this org
    $805,307
    From related orgs
    $0
    Other
    $42,254
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $598,027
    Bonus
    $206,470
    Other
    $810
    Deferred
    $15,525
    Nontaxable benefits
    $26,729
    Filer's total
    $847,561

  • Steve Altmiller

    Ex Offico Director/CCMC President CEO, January - August

    Total calculated
    $837,362
    From this org
    $0
    From related orgs
    $794,983
    Other
    $42,379
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    not reported + $540,295 related
    Bonus
    not reported + $167,703 related
    Other
    not reported + $86,985 related
    Deferred
    not reported + $15,525 related
    Nontaxable benefits
    not reported + $26,854 related
    Filer's total
    not reported + $837,362 related

  • Gabriella Olson

    Hospitalist

    Total calculated
    $807,587
    From this org
    $757,596
    From related orgs
    $0
    Other
    $49,991
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $547,258
    Bonus
    $95,555
    Other
    $114,783
    Deferred
    $15,525
    Nontaxable benefits
    $34,466
    Filer's total
    $807,587

  • Anthony Thorpe MD

    Director

    Total calculated
    $475,057
    From this org
    $422,436
    From related orgs
    $0
    Other
    $52,621
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $411,254
    Bonus
    $10,750
    Other
    $432
    Deferred
    $15,525
    Nontaxable benefits
    $37,096
    Filer's total
    $475,057

  • John Forester

    VP of Provider Network Services

    Total calculated
    $470,412
    From this org
    $0
    From related orgs
    $373,174
    Other
    $97,238
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $303,668 related
    Bonus
    not reported + $61,955 related
    Other
    not reported + $7,551 related
    Deferred
    not reported + $60,494 related
    Nontaxable benefits
    not reported + $36,744 related
    Filer's total
    not reported + $470,412 related

  • Vincent McClosky

    Director

    Total calculated
    $122,131
    From this org
    $0
    From related orgs
    $107,559
    Other
    $14,572
    Hours/week
    1 + 39 related

  • Orton Armstrong MD

    Director - Chairman

    Total calculated
    $0
    Hours/week
    1

  • Lindsey Anderson

    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
  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 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
Compensation for CEOs 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
Vincent McClosky had 8,769 of deferred CAA contributions in 2024 and John Forester had 46,534 of deferred CAA contributions in 2024 from related parties. Steve Altmiller had cash distributions of 62,819 from a related party.
Part I Line 5
Some but not all physicians have a productivity bonus in their contract. This bonus is based on producing over a set relative value unit RVU during the year. Physician compensation is capped at the 90 MGMA or at an alternative amount as determined by an independent third party valuation firm.

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 corporations and trusts

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

  • Allied Health Services Inc

    C Corp · Linen Services · WV

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202543189349303604

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