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Nonprofiteer
← DAVIS MEMORIAL HOSPITAL

Form 990 for tax year 2023

Filed by DAVIS MEMORIAL HOSPITAL.

Totals

Total revenue
$107,464,208
Total expenses
$136,218,181
Contributions and grants received
$39,490
Grants paid
$32,619
Program service revenue
$104,381,650
Investment income
$369,577
Other revenue
$2,673,491
Total assets, end of year
$50,342,111
Total liabilities, end of year
$84,306,469
Net assets or fund balances, end of year
-$33,964,358
Program services expenses (Part IX)
$99,919,742
Management and general expenses
$36,298,439
Fundraising expenses
$0
Program service expenses (Part III)
$99,919,742

Program services were 73.4% 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

    $39,490

  • 2a · Program service revenue: PATIENT SERVICES

    total $104,381,650 · related or exempt $104,381,650

  • 3 · Investment income

    total $369,577 · related or exempt $309,943 · unrelated business $59,634

  • 6a · Gross rents

    real property $203,257

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $203,257

  • 6d · Net rental income or loss

    total $203,257 · unrelated business $16,656 · excluded $186,601

  • 11a · Other revenue: CAFETERIA

    total $1,479,917 · excluded $1,479,917

  • 11b · Other revenue: TAX REFUND

    total $603,249 · related or exempt $603,249

  • 11c · Other revenue: MANAGEMENT FEES

    total $50,004 · unrelated business $50,004

  • 11d · All other revenue

    total $337,064 · related or exempt $337,064

  • 11e · Other revenue, total

    $2,470,234

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $32,619 · program services $32,619

  • 5 · Compensation of officers, directors and key employees

    total $1,363,853 · program services $864,819 · management and general $499,034

  • 7 · Other salaries and wages

    total $49,010,374 · program services $31,075,140 · management and general $17,935,234

  • 8 · Pension plan contributions

    total $1,387,406 · program services $879,690 · management and general $507,716

  • 9 · Other employee benefits

    total $9,944,873 · program services $6,305,582 · management and general $3,639,291

  • 10 · Payroll taxes

    total $5,255,411 · program services $3,332,212 · management and general $1,923,199

  • 11a · Fees: management

    total $113,452 · management and general $113,452

  • 11b · Fees: legal

    total $249,344 · management and general $249,344

  • 11c · Fees: accounting

    total $343,639 · management and general $343,639

  • 11g · Fees: other

    total $20,305,561 · program services $18,887,769 · management and general $1,417,792

  • 12 · Advertising and promotion

    total $192,542 · management and general $192,542

  • 13 · Office expenses

    total $223,722 · program services $141,877 · management and general $81,845

  • 14 · Information technology

    total $7,900,000 · program services $5,009,022 · management and general $2,890,978

  • 16 · Occupancy

    total $2,216,631 · program services $1,405,463 · management and general $811,168

  • 17 · Travel

    total $243,572 · program services $154,438 · management and general $89,134

  • 20 · Interest

    total $2,501,330 · program services $1,585,980 · management and general $915,350

  • 22 · Depreciation, depletion and amortization

    total $4,142,443 · program services $2,626,531 · management and general $1,515,912

  • 23 · Insurance

    total $1,174,805 · program services $177,673 · management and general $997,132

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $16,297,419 · program services $16,297,419

  • 24b · Other expenses: BAD DEBTS

    total $7,406,459 · program services $7,406,459

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $2,321,604 · program services $1,472,021 · management and general $849,583

  • 24d · Other expenses: FOOD & NUTRITION

    total $1,458,757 · program services $1,458,757

  • 24e · All other expenses

    total $2,132,365 · program services $806,271 · management and general $1,326,094

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,862,841 · end of year $5,639,442

  • 2 · Savings and temporary cash investments

    beginning of year $139,058 · end of year $26,831

  • 4 · Accounts receivable

    beginning of year $12,831,713 · end of year $17,177,198

  • 7 · Other notes and loans receivable

    beginning of year $1,156,082 · end of year $1,436,856

  • 8 · Inventories for sale or use

    beginning of year $1,689,242 · end of year $1,733,259

  • 9 · Prepaid expenses and deferred charges

    beginning of year $855,584 · end of year $791,198

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

    $3,194,714

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

    $363,211

  • 10c · Land, buildings and equipment, net

    beginning of year $41,653,104 · end of year $2,831,503

  • 11 · Investments: publicly traded securities

    beginning of year $7,832,086 · end of year $1,188,349

  • 12 · Investments: other securities

    beginning of year -$1,381,207 · end of year -$1,381,207

  • 15 · Other assets

    beginning of year $16,580,385 · end of year $20,898,682

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,973,951 · end of year $23,126,209

  • 20 · Tax-exempt bond liabilities

    beginning of year -$65,659

  • 23 · Secured mortgages and notes payable

    beginning of year $12,413,561 · end of year $56,303,320

  • 25 · Other liabilities

    beginning of year $6,977,652 · end of year $4,876,940

  • 27 · Net assets without donor restrictions

    beginning of year $34,919,383 · end of year -$33,964,358

Mission and programs · 2023

Mission

WE CARE FOR LIFE.

Activities or mission (Part I)

TO PROVIDE QUALITY HEALTH CARE TO RESIDENTS OF ELKINS, WEST VIRGINIA AND SURROUNDING COMMUNITIES.

  • THE ORGANIZATION OPERATED AN 80 BED ACUTE CARE HOSPITAL IN ELKINS, WEST VIRGINIA.

    Expenses $99,919,742 · Grants $32,619 · Revenue $105,631,906

As filed on the 2023 return.

Listed in Part VII

  • Amanda Pennington MD

    BOARD MEMBER

    Total calculated
    $515,929
    From this org
    $488,533
    From related orgs
    $0
    Other
    $27,396
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $488,533
    Bonus
    $0
    Other
    $0
    Deferred
    $3,300
    Nontaxable benefits
    $24,096
    Filer's total
    $515,929

  • Vance Jackson

    DHS CEO (END 06/24)

    Total calculated
    $332,419
    From this org
    $315,542
    From related orgs
    $0
    Other
    $16,877
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $314,560
    Bonus
    $0
    Other
    $982
    Deferred
    $2,024
    Nontaxable benefits
    $14,853
    Filer's total
    $332,419

  • Misha Phillips-Lee

    BOARD MEMBER

    Total calculated
    $215,404
    From this org
    $194,879
    From related orgs
    $0
    Other
    $20,525
    Hours/week
    1 + 2 related

    Schedule J breakdown matched by us

    Base
    $194,879
    Bonus
    $0
    Other
    $0
    Deferred
    $1,782
    Nontaxable benefits
    $18,743
    Filer's total
    $215,404

  • William Koch

    VP OF FINANCE AND CFO

    Total calculated
    $166,601
    From this org
    $165,014
    From related orgs
    $0
    Other
    $1,587
    Hours/week
    25 + 15 related

    Schedule J breakdown matched by us

    Base
    $164,424
    Bonus
    $0
    Other
    $590
    Deferred
    $872
    Nontaxable benefits
    $715
    Filer's total
    $166,601

  • Drew Pingley Msn RN

    VICE CHAIRMAN

    Total calculated
    $130,867
    From this org
    $107,926
    From related orgs
    $0
    Other
    $22,941
    Hours/week
    40

  • Danny Franke

    BOARD MEMBER (START 10/23)

    Total calculated
    $2,633
    From this org
    $2,633
    From related orgs
    $0
    Other
    $0
    Hours/week
    14 + 2 related

  • James Triplett

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Chad Shoemaker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Connie Tenney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Denise Campbell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Johanna Biola MD

    BOARD MEMBER (END 03/23)

    Total calculated
    $0
    Hours/week
    40

  • Tom Felton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Thomas Benz

    PHYSICIAN

    Total calculated
    $831,890
    From this org
    $803,581
    From related orgs
    $0
    Other
    $28,309
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $799,591
    Bonus
    $0
    Other
    $3,990
    Deferred
    $3,300
    Nontaxable benefits
    $25,009
    Filer's total
    $831,890

  • Mohamed Fahim

    PHYSICIAN

    Total calculated
    $676,082
    From this org
    $646,063
    From related orgs
    $0
    Other
    $30,019
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $642,567
    Bonus
    $0
    Other
    $3,496
    Deferred
    $3,300
    Nontaxable benefits
    $26,719
    Filer's total
    $676,082

  • Garrett Butler

    PHYSICIAN

    Total calculated
    $542,986
    From this org
    $514,699
    From related orgs
    $0
    Other
    $28,287
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $511,546
    Bonus
    $0
    Other
    $3,153
    Deferred
    $3,300
    Nontaxable benefits
    $24,987
    Filer's total
    $542,986

  • Arthur Fine

    PHYSICIAN

    Total calculated
    $518,290
    From this org
    $495,095
    From related orgs
    $0
    Other
    $23,195
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $475,743
    Bonus
    $16,667
    Other
    $2,685
    Deferred
    $2,586
    Nontaxable benefits
    $20,609
    Filer's total
    $518,290

  • Michael Galloway

    PHYSICIAN

    Total calculated
    $490,651
    From this org
    $464,847
    From related orgs
    $0
    Other
    $25,804
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $461,416
    Bonus
    $0
    Other
    $3,431
    Deferred
    $2,875
    Nontaxable benefits
    $22,929
    Filer's total
    $490,651

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

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 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 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, 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.

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.

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

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433199349317438

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