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Nonprofiteer
← SHENANDOAH VALLEY MEDICAL SYSTEM INC

Form 990 for tax year 2023

Filed by SHENANDOAH VALLEY MEDICAL SYSTEM INC.

Totals

Total revenue
$36,454,093
Total expenses
$31,206,493
Contributions and grants received
$11,198,185
Grants paid
$0
Program service revenue
$21,126,436
Investment income
$80,275
Other revenue
$4,049,197
Total assets, end of year
$25,004,946
Total liabilities, end of year
$9,003,509
Net assets or fund balances, end of year
$16,001,437
Program services expenses (Part IX)
$21,698,329
Management and general expenses
$9,506,821
Fundraising expenses
$1,343
Program service expenses (Part III)
$21,698,329

Program services were 69.5% 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.

  • 1a · Federated campaigns

    $23,407

  • 1c · Fundraising events

    $1,321

  • 1d · Related organizations

    $21,400

  • 1e · Government grants (contributions)

    $10,952,626

  • 1f · All other contributions, gifts and grants

    $199,431

  • 2a · Program service revenue: PATIENT SERVICE REVENUE - NET

    total $19,965,414 · related or exempt $19,965,414

  • 2b · Program service revenue: OTHER PROGRAM REVENUE

    total $1,123,299 · related or exempt $1,123,299

  • 2c · Program service revenue: PHARMACY REBATE PROGRAM

    total $37,723 · related or exempt $37,723

  • 3 · Investment income

    total $78,775 · excluded $78,775

  • 7a · Gross sales of assets other than inventory

    other assets $1,500

  • 7c · Gain or loss

    other assets $1,500

  • 7d · Net gain or loss

    total $1,500 · excluded $1,500

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

    $1,321

  • 10a · Gross sales of inventory

    $11,698,982

  • 10b · Cost of goods sold

    $7,649,785

  • 10c · Net income from sales of inventory

    total $4,049,197 · related or exempt $4,049,197

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $737,020 · program services $626,467 · management and general $110,553

  • 7 · Other salaries and wages

    total $17,639,469 · program services $14,579,374 · management and general $3,060,095

  • 8 · Pension plan contributions

    total $348,368 · program services $288,431 · management and general $59,937

  • 9 · Other employee benefits

    total $1,403,320 · program services $1,109,613 · management and general $293,707

  • 10 · Payroll taxes

    total $1,291,536 · program services $1,068,328 · management and general $223,208

  • 11b · Fees: legal

    total $27,939 · management and general $27,939

  • 11c · Fees: accounting

    total $87,562 · management and general $87,562

  • 11g · Fees: other

    total $2,632,895 · program services $436,019 · management and general $2,196,876

  • 12 · Advertising and promotion

    total $67,639 · program services $22,318 · management and general $45,321

  • 13 · Office expenses

    total $714,568 · program services $380,484 · management and general $332,741 · fundraising $1,343

  • 14 · Information technology

    total $1,217,095 · program services $40,203 · management and general $1,176,892

  • 16 · Occupancy

    total $1,156,822 · program services $153,718 · management and general $1,003,104

  • 17 · Travel

    total $27,272 · program services $164 · management and general $27,108

  • 19 · Conferences, conventions and meetings

    total $120,612 · program services $53,060 · management and general $67,552

  • 22 · Depreciation, depletion and amortization

    total $654,081 · program services $452,244 · management and general $201,837

  • 23 · Insurance

    total $132,002 · program services $15,430 · management and general $116,572

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $1,300,379 · program services $1,289,137 · management and general $11,242

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $1,090,424 · program services $1,090,424

  • 24c · Other expenses: EQUIPMENT RELATED EXPENSE

    total $372,682 · program services $41,098 · management and general $331,584

  • 24d · Other expenses: EMPLOYEE RELATED EXPENSES

    total $101,585 · program services $52,580 · management and general $49,005

  • 24e · All other expenses

    total $83,223 · program services -$763 · management and general $83,986

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,818,130 · end of year $3,439,678

  • 2 · Savings and temporary cash investments

    beginning of year $1,617,329 · end of year $1,689,093

  • 3 · Pledges and grants receivable

    beginning of year $624,531 · end of year $3,921,224

  • 4 · Accounts receivable

    beginning of year $2,332,377 · end of year $5,061,021

  • 8 · Inventories for sale or use

    beginning of year $301,749 · end of year $274,102

  • 9 · Prepaid expenses and deferred charges

    beginning of year $876,093 · end of year $351,264

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

    $19,506,131

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

    $10,531,349

  • 10c · Land, buildings and equipment, net

    beginning of year $9,109,675 · end of year $8,974,782

  • 15 · Other assets

    beginning of year $2,023,669 · end of year $1,293,782

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,127,984 · end of year $2,224,534

  • 19 · Deferred revenue

    beginning of year $685,854 · end of year $679,200

  • 20 · Tax-exempt bond liabilities

    beginning of year $2,262,632 · end of year $2,148,545

  • 23 · Secured mortgages and notes payable

    beginning of year $3,017,691 · end of year $2,835,301

  • 25 · Other liabilities

    beginning of year $1,855,555 · end of year $1,115,929

  • 27 · Net assets without donor restrictions

    beginning of year $10,753,837 · end of year $16,001,437

Mission and programs · 2023

Mission

TO PROMOTE HEALTH AND WELLNESS WITHIN THE COMMUNITY BY PROVIDING A MEDICAL HOME TO REDUCE BARRIERS TO CARE AND ENSURE ACCESS TO A FULL RANGE OF COORDINATED HEALTH CARE AND WELLNESS SERVICES.

  • SHENANDOAH VALLEY MEDICAL SYSTEM, INC (SVMS), DBA SHENANDOAH COMMUNITY HEALTH (SCH), IS A FEDERALLY QUALIFIED HEALTH CENTER PROVIDING OUTPATIENT AND INPATIENT HEALTH CARE SERVICES WITH THE GOAL OF PROMOTING HEALTH AND WELLNESS BY PROVIDING A MEDICAL HOME TO IMPROVE ACCESS AND REDUCE BARRIERS TO CARE. SIXTY-EIGHT CLINICIANS REPRESENT DISCIPLINES OF OB/GYN, NURSE MIDWIFERY, FAMILY MEDICINE, INTERNAL MEDICINE, PEDIATRICS, ORAL HEALTH, PSYCHIATRY, PSYCHOTHERAPY, AND PHARMACY. SVMS PROVIDES HEALTH CARE SERVICES TO MORE THAN 28,000 RESIDENTS FROM WV COUNTIES OF BERKELEY, JEFFERSON, AND MORGAN, AND OF FREDERICK, CLARKE, WARREN, AND SHENANDOAH COUNTIES OF VIRGINIA. MIGRANT/SEASONAL FARMWORKERS FROM ROCKINGHAM AND SHENANDOAH COUNTIES OF VIRGINIA AND WASHINGTON COUNTY, MD RECEIVE SERVICES IN ADDITION TO M/SFW PATIENTS FROM THE OTHER COUNTIES LISTED ABOVE. IN THE CURRENT YEAR, SVMS PROVIDED CARE FOR 30,077 PATIENTS, 8.4% OF WHOM WERE UNINSURED, AND 45.5% WITH MEDICAID COVERAGE. OF THOSE PATIENTS WHO REPORTED THEIR INCOME, 49% FELL AT/BELOW 100% OF FEDERAL POVERTY LEVEL, AND 69% WERE AT/BELOW 200% OF FEDERAL POVERTY LEVEL.

    Expenses $21,698,329 · Revenue $21,126,436

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Krista Hopkins

    OB/GYN

    Total calculated
    $310,276
    From this org
    $298,696
    From related orgs
    $0
    Other
    $11,580
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $298,696
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,500
    Nontaxable benefits
    $7,080
    Filer's total
    $310,276

  • Michael Li

    CHIEF MEDICA

    Total calculated
    $290,608
    From this org
    $276,668
    From related orgs
    $0
    Other
    $13,940
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $276,668
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,500
    Nontaxable benefits
    $9,440
    Filer's total
    $290,608

  • Steven Choi

    PSYCHIATRIST

    Total calculated
    $280,662
    From this org
    $267,509
    From related orgs
    $0
    Other
    $13,153
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $267,509
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,500
    Nontaxable benefits
    $8,653
    Filer's total
    $280,662

  • Scott Caldwell

    OB/GYN

    Total calculated
    $278,302
    From this org
    $267,509
    From related orgs
    $0
    Other
    $10,793
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $267,509
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,500
    Nontaxable benefits
    $6,293
    Filer's total
    $278,302

  • Laurie Diehl-Lamp

    PSYCHIATRIST

    Total calculated
    $277,320
    From this org
    $264,167
    From related orgs
    $0
    Other
    $13,153
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $264,167
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,500
    Nontaxable benefits
    $8,653
    Filer's total
    $277,320

  • Khalid Albedrani

    INTERNIST -

    Total calculated
    $247,877
    From this org
    $233,937
    From related orgs
    $0
    Other
    $13,940
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,937
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,500
    Nontaxable benefits
    $9,440
    Filer's total
    $247,877

  • Michael Hassing

    CEO

    Total calculated
    $206,008
    From this org
    $192,108
    From related orgs
    $0
    Other
    $13,900
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,108
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,500
    Nontaxable benefits
    $9,400
    Filer's total
    $206,008

  • Todd Lockuff

    CFO

    Total calculated
    $187,218
    From this org
    $182,338
    From related orgs
    $0
    Other
    $4,880
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,338
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,500
    Nontaxable benefits
    $380
    Filer's total
    $187,218

  • Nikki Bigiarelli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Charlton

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Reverend Frank S Coe

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Fried

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Russell Gann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Zachary Leach

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pamela Parsons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Reverend George Schramm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Harold Shrewsberry

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Tolley

    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

None.

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.

  • SHENANDOAH PHARMACY LLC

    PHARMACEUT · WV · income $4,086,920 · assets $1,453,756

    Directly controlled by SVMS

Provenance

Return type
form_990
Tax year
2023
Filed
24 January 2025
IRS schema version
2023v6.0
Source object
202500259349300205

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