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Nonprofiteer
← WEIRTON MEDICAL CENTER INC

Form 990 for tax year 2023

Filed by WEIRTON MEDICAL CENTER INC.

Totals

Total revenue
$227,856,850
Total expenses
$234,728,616
Contributions and grants received
$173,605
Grants paid
$37,053
Program service revenue
$222,750,720
Investment income
$1,692,937
Other revenue
$3,239,588
Total assets, end of year
$134,036,061
Total liabilities, end of year
$105,467,612
Net assets or fund balances, end of year
$28,568,449
Program services expenses (Part IX)
$178,969,724
Management and general expenses
$55,758,892
Fundraising expenses
$0
Program service expenses (Part III)
$178,969,724

Program services were 76.2% 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.

  • 1e · Government grants (contributions)

    $99,960

  • 1f · All other contributions, gifts and grants

    $73,645

  • 2a · Program service revenue: HEALTH CARE SERVICES

    total $193,566,130 · related or exempt $193,566,130

  • 2b · Program service revenue: PHYSICIAN OFFICE SERVICES

    total $29,184,590 · related or exempt $29,184,590

  • 3 · Investment income

    total $1,100,309 · excluded $1,100,309

  • 6a · Gross rents

    real property $1,827,645

  • 6b · Less rental expenses

    real property $52,095

  • 6c · Rental income or loss

    real property $1,775,550

  • 6d · Net rental income or loss

    total $1,775,550 · excluded $1,775,550

  • 7a · Gross sales of assets other than inventory

    securities $592,628

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

    securities $0

  • 7c · Gain or loss

    securities $592,628

  • 7d · Net gain or loss

    total $592,628 · excluded $592,628

  • 11a · Other revenue: CAFETERIA & VENDING INCOME

    total $695,911 · related or exempt $695,911

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $473,454 · related or exempt $473,454

  • 11c · Other revenue: PREMIER AND ACUITY INCOME

    total $294,673 · related or exempt $294,673

  • 11e · Other revenue, total

    $1,464,038

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $37,053 · program services $37,053

  • 5 · Compensation of officers, directors and key employees

    total $1,878,531 · program services $1,303,325 · management and general $575,206

  • 7 · Other salaries and wages

    total $99,081,866 · program services $68,742,999 · management and general $30,338,867

  • 8 · Pension plan contributions

    total $1,839,327 · program services $1,276,125 · management and general $563,202

  • 9 · Other employee benefits

    total $16,262,735 · program services $11,283,086 · management and general $4,979,649

  • 10 · Payroll taxes

    total $6,422,410 · program services $4,455,868 · management and general $1,966,542

  • 11b · Fees: legal

    total $151,008 · management and general $151,008

  • 11c · Fees: accounting

    total $105,906 · management and general $105,906

  • 11f · Fees: investment management

    total $21,367 · management and general $21,367

  • 11g · Fees: other

    total $23,521,116 · program services $18,730,366 · management and general $4,790,750

  • 12 · Advertising and promotion

    total $611,640 · management and general $611,640

  • 13 · Office expenses

    total $11,155,615 · program services $7,744,533 · management and general $3,411,082

  • 14 · Information technology

    total $4,620,410 · program services $3,205,640 · management and general $1,414,770

  • 16 · Occupancy

    total $5,127,638 · program services $3,557,555 · management and general $1,570,083

  • 20 · Interest

    total $2,774,055 · program services $1,924,639 · management and general $849,416

  • 22 · Depreciation, depletion and amortization

    total $4,295,180 · program services $2,979,996 · management and general $1,315,184

  • 23 · Insurance

    total $3,145,251 · program services $2,182,175 · management and general $963,076

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $34,959,073 · program services $34,959,073

  • 24b · Other expenses: BAD DEBTS

    total $6,159,962 · program services $6,159,962

  • 24c · Other expenses: HEALTH CARE PROVIDER TA

    total $5,598,499 · program services $5,598,499

  • 24d · Other expenses: EQUIPMENT RENTAL EXPENS

    total $1,519,597 · program services $1,054,296 · management and general $465,301

  • 24e · All other expenses

    total $5,440,377 · program services $3,774,534 · management and general $1,665,843

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,107,257 · end of year $4,101,404

  • 2 · Savings and temporary cash investments

    beginning of year $5,798,713 · end of year $3,047,992

  • 4 · Accounts receivable

    beginning of year $19,918,400 · end of year $35,700,996

  • 8 · Inventories for sale or use

    beginning of year $2,729,331 · end of year $2,912,108

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,936,027 · end of year $1,679,925

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

    $152,211,364

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

    $125,410,274

  • 10c · Land, buildings and equipment, net

    beginning of year $27,556,917 · end of year $26,801,090

  • 11 · Investments: publicly traded securities

    beginning of year $39,769,353 · end of year $36,046,247

  • 12 · Investments: other securities

    beginning of year $6,045,853 · end of year $11,347,573

  • 15 · Other assets

    beginning of year $14,782,556 · end of year $12,398,726

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,877,875 · end of year $19,159,921

  • 23 · Secured mortgages and notes payable

    beginning of year $60,499,934 · end of year $67,142,019

  • 24 · Unsecured notes and loans payable

    beginning of year $2,352,621

  • 25 · Other liabilities

    beginning of year $14,033,108 · end of year $19,165,672

  • 27 · Net assets without donor restrictions

    beginning of year $32,610,685 · end of year $28,323,148

  • 28 · Net assets with donor restrictions

    beginning of year $270,184 · end of year $245,301

Mission and programs · 2023

Mission

WEIRTON MEDICAL CENTER, IN PARTNERSHIP WITH PHYSICIANS, WILL LEAD THE TRI-STATE AREA IN THE PROVISION OF COORDINATED, SAFE, EFFECTIVE, QUALITY HEALTHCARE SERVICES THROUGH A PROCESS OF TEAMWORK, INNOVATION, AND CONTINUOUS IMPROVEMENT.

  • THE MEDICAL CENTER PROVIDED INPATIENT, OUTPATIENT, EMERGENCY, PSYCHIATRIC, HOME HEALTH, PHYSICIAN AND SKILLED NURSING SERVICES INCLUDING 37,140 INPATIENT DAYS, 523,547 OUTPATIENT VISITS, 34,675 EMERGENCY ROOM VISITS AND 42,329 HOME HEALTH VISITS. CHARGES FOREGONE FOR CHARITY AMOUNTED TO $4,560,553.

    Expenses $178,902,558 · Revenue $223,997,498

  • THE MEDICAL CENTER PROVIDED VARIOUS COMMUNITY HEALTH IMPROVEMENT AND EDUCATIONAL SERVICES THROUGHOUT THE COMMUNITY AT LOCAL SCHOOLS, BUSINESSES, AND CHURCHES. THE CENTER ALSO PROVIDED IN-HOUSE EDUCATIONAL SEMINARS; HEALTH & WELLNESS FAIRS; DIRECT TO CONSUMER LABORATORY BLOOD ANALYSIS TESTING; HEALTH CLINICS; CHOLESTEROL SCREENING; PROSTATE SCREENINGS; TUITION PAID FOR NURSING STUDENTS; AND OTHER HEALTH RELATED EVENTS.

    Expenses $67,166 · Grants $37,053 · Revenue $217,260

As filed on the 2023 return.

Listed in Part VII

  • James R Shockley

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3
  • John Greco

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2
  • Jj Bernabei

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • John C Frankovitch

    CEO/TREASURER/PRESIDENT

    Total calculated
    $704,022
    From this org
    $668,673
    From related orgs
    $0
    Other
    $35,349
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $668,673
    Bonus
    $0
    Other
    $0
    Deferred
    $7,475
    Nontaxable benefits
    $27,874
    Filer's total
    $704,022
  • Scott Winwood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Donald Gianni Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Joe Paolo Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Luke Myers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael Grace

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kelli Fournier MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Carl A Frankovitch Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Joseph Sayut

    CFO

    Total calculated
    $267,351
    From this org
    $233,853
    From related orgs
    $0
    Other
    $33,498
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,853
    Bonus
    $0
    Other
    $0
    Deferred
    $6,047
    Nontaxable benefits
    $27,451
    Filer's total
    $267,351
  • David Scott Artman

    COO-DIRECTOR OF OPERATIONS

    Total calculated
    $345,201
    From this org
    $310,140
    From related orgs
    $0
    Other
    $35,061
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $310,140
    Bonus
    $0
    Other
    $0
    Deferred
    $7,610
    Nontaxable benefits
    $27,451
    Filer's total
    $345,201
  • Lisa Conti

    VP OF PPI OPERATIONS

    Total calculated
    $316,770
    From this org
    $300,450
    From related orgs
    $0
    Other
    $16,320
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $300,450
    Bonus
    $0
    Other
    $0
    Deferred
    $5,192
    Nontaxable benefits
    $11,128
    Filer's total
    $316,770
  • Joi Gorlock

    DIRECTOR OF HOME CARE SERV

    Total calculated
    $245,188
    From this org
    $215,515
    From related orgs
    $0
    Other
    $29,673
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,515
    Bonus
    $0
    Other
    $0
    Deferred
    $5,057
    Nontaxable benefits
    $24,616
    Filer's total
    $245,188
  • John Cherian MD

    PHYSICIAN

    Total calculated
    $1,129,492
    From this org
    $1,090,703
    From related orgs
    $0
    Other
    $38,789
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,090,703
    Bonus
    $0
    Other
    $0
    Deferred
    $7,673
    Nontaxable benefits
    $31,116
    Filer's total
    $1,129,492
  • Vardhan J Reddy MD

    PHYSICIAN

    Total calculated
    $852,671
    From this org
    $816,967
    From related orgs
    $0
    Other
    $35,704
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $816,967
    Bonus
    $0
    Other
    $0
    Deferred
    $8,250
    Nontaxable benefits
    $27,454
    Filer's total
    $852,671
  • Venkata Tammana MD

    PHYSICIAN

    Total calculated
    $928,374
    From this org
    $890,945
    From related orgs
    $0
    Other
    $37,429
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $890,945
    Bonus
    $0
    Other
    $0
    Deferred
    $6,313
    Nontaxable benefits
    $31,116
    Filer's total
    $928,374
  • Cherian John MD

    PHYSICIAN

    Total calculated
    $813,041
    From this org
    $807,699
    From related orgs
    $0
    Other
    $5,342
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $807,699
    Bonus
    $0
    Other
    $0
    Deferred
    $3,921
    Nontaxable benefits
    $1,421
    Filer's total
    $813,041
  • Atul Shetty MD

    PHYSICIAN

    Total calculated
    $797,461
    From this org
    $758,095
    From related orgs
    $0
    Other
    $39,366
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $758,095
    Bonus
    $0
    Other
    $0
    Deferred
    $8,250
    Nontaxable benefits
    $31,116
    Filer's total
    $797,461

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

  • 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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • WMC PHYSICIANS PRACTICES LLC

    MULTIPLE PHYSICIAN PRACTICE · WV · income $29,184,590 · assets $17,702,659

    Directly controlled by WEIRTON MEDICAL CENTER INC

Provenance

Return type
form_990
Tax year
2023
Filed
8 May 2025
IRS schema version
2023v6.0
Source object
202531349349308608

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