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Nonprofiteer
← WEST VIRGINIA UNIVERSITY MEDICAL CORPORATION

Form 990 for tax year 2023

Filed by WEST VIRGINIA UNIVERSITY MEDICAL CORPORATION.

Totals

Total revenue
$769,572,060
Total expenses
$763,360,292
Contributions and grants received
$63,500
Grants paid
$21,899,972
Program service revenue
$766,307,091
Investment income
$3,190,502
Other revenue
$10,967
Total assets, end of year
$249,482,310
Total liabilities, end of year
$153,746,607
Net assets or fund balances, end of year
$95,735,703
Program services expenses (Part IX)
$715,216,602
Management and general expenses
$48,143,690
Fundraising expenses
$0
Program service expenses (Part III)
$715,216,602

Program services were 93.7% 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)

    $63,500

  • 2a · Program service revenue: Direct Patient Care

    total $398,774,920 · related or exempt $398,774,920

  • 2b · Program service revenue: Other Health Care

    total $365,370,884 · related or exempt $365,370,884

  • 2c · Program service revenue: Rent - Physicians Office

    total $2,151,770 · related or exempt $2,151,770

  • 2d · Program service revenue: CARES Act Funding

    total $9,517 · related or exempt $9,517

  • 3 · Investment income

    total $3,084,423 · unrelated business $157,887 · excluded $2,926,536

  • 7a · Gross sales of assets other than inventory

    other assets $106,079

  • 7c · Gain or loss

    other assets $106,079

  • 7d · Net gain or loss

    total $106,079 · excluded $106,079

  • 11a · Other revenue: Cash Discounts

    total $8,907 · related or exempt $8,907

  • 11b · Other revenue: Cafeteria Income

    total $1,460 · excluded $1,460

  • 11c · Other revenue: Rental Income - ATMs

    total $600 · excluded $600

  • 11e · Other revenue, total

    $10,967

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $21,899,972 · program services $21,899,972

  • 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 $10,809,144 · program services $7,587,589 · management and general $3,221,555

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $511,119,594 · program services $501,866,837 · management and general $9,252,757

  • 8 · Pension plan contributions

    total $25,382,113 · program services $25,063,095 · management and general $319,018

  • 9 · Other employee benefits

    total $38,046,639 · program services $37,174,093 · management and general $872,546

  • 10 · Payroll taxes

    total $24,240,201 · program services $23,660,850 · management and general $579,351

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $117,890 · program services $5,840 · management and general $112,050

  • 11c · Fees: accounting

    total $131,202 · management and general $131,202

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $33,727,762 · program services $30,683,077 · management and general $3,044,685

  • 12 · Advertising and promotion

    total $424,280 · program services $355,516 · management and general $68,764

  • 13 · Office expenses

    total $3,404,696 · program services $4,319,393 · management and general -$914,697

  • 14 · Information technology

    total $145,719 · program services $145,719

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $7,525,996 · program services $6,986,268 · management and general $539,728

  • 17 · Travel

    total $2,078,072 · program services $1,994,122 · management and general $83,950

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $1,471,629 · program services $1,471,629

  • 20 · Interest

    total $1,015,582 · program services $1,015,582

  • 21 · Payments to affiliates

    total $27,056,168 · program services $58,323 · management and general $26,997,845

  • 22 · Depreciation, depletion and amortization

    total $4,939,201 · program services $4,764,281 · management and general $174,920

  • 23 · Insurance

    total $10,321,150 · program services $9,222,030 · management and general $1,099,120

  • 24a · Other expenses: Provision for Doubtful Accounts

    total $19,087,349 · program services $19,087,349

  • 24b · Other expenses: Medical Supplies Pharmaceuticals

    total $9,432,735 · program services $9,432,735

  • 24c · Other expenses: Educational Training

    total $3,673,469 · program services $3,536,730 · management and general $136,739

  • 24d · Other expenses: Taxes, Licenses, Fees

    total $2,522,972 · program services $1,052,298 · management and general $1,470,674

  • 24e · All other expenses

    total $4,786,757 · program services $3,833,274 · management and general $953,483

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,479 · end of year $14,379

  • 2 · Savings and temporary cash investments

    beginning of year $21,606,495 · end of year $4,337,758

  • 4 · Accounts receivable

    beginning of year $60,834,346 · end of year $42,051,075

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,247,070 · end of year $4,421,953

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

    $109,722,662

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

    $66,600,065

  • 10c · Land, buildings and equipment, net

    beginning of year $53,824,386 · end of year $43,122,597

  • 11 · Investments: publicly traded securities

    beginning of year $63,111,780 · end of year $58,561,652

  • 15 · Other assets

    beginning of year $45,922,662 · end of year $96,972,896

  • 17 · Accounts payable and accrued expenses

    beginning of year $75,378,981 · end of year $86,455,434

  • 19 · Deferred revenue

    beginning of year $1,331,306 · end of year $342,067

  • 20 · Tax-exempt bond liabilities

    beginning of year $66,074

  • 25 · Other liabilities

    beginning of year $69,250,516 · end of year $66,949,106

  • 27 · Net assets without donor restrictions

    beginning of year $102,534,341 · end of year $95,735,703

Mission and programs · 2023

Mission

To support the West Virginia University School of Medicine in the furtherance of its charitable, scientific, and educational purposes by serving as its faculty practice plan and providing a full range of business management services to its faculty in support of their clinical practices.

Activities or mission (Part I)

To support the West Virginia University School of Medicine in the furtherance of its charitable, scientific, and educational purposes.

  • The Corporation supported faculty physicians of the West Virginia School of Medicine in their provision of medical services with approximately 1,808,515 clinic visits during 2023. The Corporation continuously meets its exempt purpose by providing funds to the state-supported West Virginia University School of Medicine. By providing these funds, the Corporation has both lessened the burdens to government and advanced graduate medical education in West Virginia. As part of its mission to support the School of Medicine, the Corporation incurred expenditures for professional liability premiums on behalf of the faculty physicians of the School of Medicine. The Corporation has also lessened the burdens on government by relieving poverty in West Virginia by supporting the faculty physicians in their provision of charity care.

    Expenses $715,216,602 · Grants $21,899,972 · Revenue $766,315,998

As filed on the 2023 return.

Listed in Part VII

  • Vinay Badhwar MD

    Executive Chair Heart Vascular Institute

    Total calculated
    $2,517,014
    From this org
    $2,490,638
    From related orgs
    $0
    Other
    $26,376
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $2,488,315
    Bonus
    not reported
    Other
    $2,323
    Deferred
    $23,100
    Nontaxable benefits
    $3,276
    Filer's total
    $2,517,014

  • Christopher Mascio MD

    Physician

    Total calculated
    $1,925,005
    From this org
    $1,901,929
    From related orgs
    $0
    Other
    $23,076
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,900,687
    Bonus
    not reported
    Other
    $1,242
    Deferred
    $19,800
    Nontaxable benefits
    $3,276
    Filer's total
    $1,925,005

  • Ali Rezai MD

    Physician

    Total calculated
    $1,870,576
    From this org
    $1,845,379
    From related orgs
    $0
    Other
    $25,197
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,474,407
    Bonus
    $368,650
    Other
    $2,322
    Deferred
    $21,966
    Nontaxable benefits
    $3,231
    Filer's total
    $1,870,576

  • JonDavid Pollock MD

    Physician

    Total calculated
    $1,661,341
    From this org
    $1,638,367
    From related orgs
    $0
    Other
    $22,974
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $509,471
    Bonus
    $1,125,332
    Other
    $3,564
    Deferred
    $19,800
    Nontaxable benefits
    $3,174
    Filer's total
    $1,661,341

  • John Caruso MD

    Physician

    Total calculated
    $1,479,855
    From this org
    $1,453,479
    From related orgs
    $0
    Other
    $26,376
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $899,572
    Bonus
    $551,585
    Other
    $2,322
    Deferred
    $23,100
    Nontaxable benefits
    $3,276
    Filer's total
    $1,479,855

  • Bill Underwood MD

    Physician

    Total calculated
    $1,378,132
    From this org
    $1,348,456
    From related orgs
    $0
    Other
    $29,676
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,207,402
    Bonus
    $137,400
    Other
    $3,654
    Deferred
    $26,400
    Nontaxable benefits
    $3,276
    Filer's total
    $1,378,132

  • Robert Marsh MD

    Physician

    Total calculated
    $1,279,088
    From this org
    $1,252,712
    From related orgs
    $0
    Other
    $26,376
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $701,705
    Bonus
    $549,765
    Other
    $1,242
    Deferred
    $23,100
    Nontaxable benefits
    $3,276
    Filer's total
    $1,279,088

  • Alison Wilson MD

    Director through 06/30/23 - Trauma Emergency Surgery

    Total calculated
    $935,622
    From this org
    $899,727
    From related orgs
    $0
    Other
    $35,895
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $663,320
    Bonus
    $188,374
    Other
    $48,033
    Deferred
    $33,000
    Nontaxable benefits
    $2,895
    Filer's total
    $935,622

  • Michael Edmond MD

    CMO

    Total calculated
    $887,362
    From this org
    $741,903
    From related orgs
    $0
    Other
    $145,459
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $536,214
    Bonus
    $202,125
    Other
    $3,564
    Deferred
    $142,347
    Nontaxable benefits
    $3,112
    Filer's total
    $887,362

  • Mathis Frick MD

    Physician - Former Key Employee

    Total calculated
    $854,145
    From this org
    $818,250
    From related orgs
    $0
    Other
    $35,895
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $600,006
    Bonus
    $74,613
    Other
    $143,631
    Deferred
    $33,000
    Nontaxable benefits
    $2,895
    Filer's total
    $854,145

  • Matthew Dietz MD

    Director starting 07/01/23 - Orthopaedic Surgery

    Total calculated
    $748,527
    From this org
    $722,151
    From related orgs
    $0
    Other
    $26,376
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $648,476
    Bonus
    $73,135
    Other
    $540
    Deferred
    $23,100
    Nontaxable benefits
    $3,276
    Filer's total
    $748,527

  • Ronald Pellegrino MD

    Chief Operating Officer

    Total calculated
    $639,936
    From this org
    $603,925
    From related orgs
    $0
    Other
    $36,011
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $487,836
    Bonus
    $109,847
    Other
    $6,242
    Deferred
    $33,000
    Nontaxable benefits
    $3,011
    Filer's total
    $639,936

  • Hannah Hazard MD

    Director - Exec Chair Director WVU Cancer Institute

    Total calculated
    $631,632
    From this org
    $595,230
    From related orgs
    $0
    Other
    $36,402
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $447,282
    Bonus
    $147,053
    Other
    $895
    Deferred
    $33,000
    Nontaxable benefits
    $3,402
    Filer's total
    $631,632

  • Kevin Halbritter MD

    VP Population Health

    Total calculated
    $568,586
    From this org
    $532,575
    From related orgs
    $0
    Other
    $36,011
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $392,659
    Bonus
    $127,058
    Other
    $12,858
    Deferred
    $33,000
    Nontaxable benefits
    $3,011
    Filer's total
    $568,586

  • Jessica Hott DO

    Director - OB/GYN

    Total calculated
    $552,732
    From this org
    $527,053
    From related orgs
    $0
    Other
    $25,679
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $337,807
    Bonus
    $180,696
    Other
    $8,550
    Deferred
    $23,100
    Nontaxable benefits
    $2,579
    Filer's total
    $552,732

  • Christopher Goode MD

    Director - Chairman Emergency Medicine

    Total calculated
    $536,575
    From this org
    $500,564
    From related orgs
    $0
    Other
    $36,011
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $439,154
    Bonus
    $58,599
    Other
    $2,811
    Deferred
    $33,000
    Nontaxable benefits
    $3,011
    Filer's total
    $536,575

  • Stephen Hoffman MD

    VP Clinical Programs

    Total calculated
    $525,660
    From this org
    $501,976
    From related orgs
    $0
    Other
    $23,684
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $376,364
    Bonus
    $122,048
    Other
    $3,564
    Deferred
    $23,100
    Nontaxable benefits
    $584
    Filer's total
    $525,660

  • Nathan Lerfald MD

    Director, Secretary - Internal Medicine

    Total calculated
    $504,943
    From this org
    $468,713
    From related orgs
    $0
    Other
    $36,230
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $410,391
    Bonus
    $27,285
    Other
    $31,037
    Deferred
    $33,000
    Nontaxable benefits
    $3,230
    Filer's total
    $504,943

  • William Lewis MD

    Director - Family Medicine

    Total calculated
    $343,529
    From this org
    $319,455
    From related orgs
    $0
    Other
    $24,074
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $253,709
    Bonus
    $59,199
    Other
    $6,547
    Deferred
    $21,758
    Nontaxable benefits
    $2,316
    Filer's total
    $343,529

  • Aaron Henry

    VP, Ambulatory Operations

    Total calculated
    $315,554
    From this org
    $255,130
    From related orgs
    $0
    Other
    $60,424
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,079
    Bonus
    $30,392
    Other
    $8,659
    Deferred
    $32,544
    Nontaxable benefits
    $27,880
    Filer's total
    $315,554

  • Jeffrey Lancaster MD

    Director - Section Chief, Pedicatrics

    Total calculated
    $300,165
    From this org
    $275,877
    From related orgs
    $0
    Other
    $24,288
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,680
    Bonus
    $51,229
    Other
    $2,968
    Deferred
    $22,206
    Nontaxable benefits
    $2,082
    Filer's total
    $300,165

  • Arif Sarwari MD

    Director - Infectious Diseases

    Total calculated
    $286,683
    From this org
    $261,683
    From related orgs
    $0
    Other
    $25,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,782
    Bonus
    $36,002
    Other
    $1,899
    Deferred
    $22,638
    Nontaxable benefits
    $2,362
    Filer's total
    $286,683

  • Darin Rogers

    VP Provider Network Services

    Total calculated
    $284,458
    From this org
    $245,960
    From related orgs
    $0
    Other
    $38,498
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,171
    Bonus
    $42,853
    Other
    $1,936
    Deferred
    $37,673
    Nontaxable benefits
    $825
    Filer's total
    $284,458

  • Kathryn Moffett-Bradford MD

    Director, Chair - Pediatric Infectious Diseases

    Total calculated
    $230,167
    From this org
    $210,647
    From related orgs
    $0
    Other
    $19,520
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,652
    Bonus
    $27,710
    Other
    $2,285
    Deferred
    $17,799
    Nontaxable benefits
    $1,721
    Filer's total
    $230,167

  • Judie Charlton MD

    CMO through 11/2020 - Exec Consultant 12/2020

    Total calculated
    $162,262
    From this org
    $150,380
    From related orgs
    $0
    Other
    $11,882
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,560
    Bonus
    not reported
    Other
    $33,820
    Deferred
    $11,766
    Nontaxable benefits
    $116
    Filer's total
    $162,262

  • Clay Marsh MD

    Voting Ex-Officio, VP and Executive Dean SoM

    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
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I Line 4b
During 2023, certain individuals reported in Part VII participated in a nonqualified retirement plan. The following is a list of those individuals, plan types and amounts.
Part I Line 4b
Darin Rogers - CAA deferred contributions of 30,248. Aaron Henry - CAA deferred contributions of 22,444.
Part I Line 6
Year-end incentives for management are based on the bottom line performance of the organization as a whole.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202403189349307930

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