Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $26,131

• 1f · All other contributions, gifts and grants

  $49

• 2a · Program service revenue: Patient Service Revenue

  total $278,343,546 · related or exempt $278,343,546

• 2b · Program service revenue: Pharmacy Revenue

  total $459,865 · related or exempt $459,865

• 3 · Investment income

  total $4,545,325 · excluded $4,545,325

• 6a · Gross rents

  real property $179,404

• 6b · Less rental expenses

  real property $21,844

• 6c · Rental income or loss

  real property $157,560

• 6d · Net rental income or loss

  total $157,560 · excluded $157,560

• 7a · Gross sales of assets other than inventory

  other assets $462

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

  other assets $330,289

• 7c · Gain or loss

  other assets -$329,827

• 7d · Net gain or loss

  total -$329,827 · excluded -$329,827

• 11a · Other revenue: Cafeteria Income

  total $1,109,734 · excluded $1,109,734

• 11b · Other revenue: Contracted Services

  total $426,569 · related or exempt $426,569

• 11c · Other revenue: Linen Services

  total $358,670 · related or exempt $358,670

• 11d · All other revenue

  total $208,651 · related or exempt $208,651

• 11e · Other revenue, total

  $2,103,624

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $85,000 · program services $85,000

• 2 · Grants to domestic individuals

  total $11,522 · program services $11,522

• 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 $3,094,145 · program services $1,822,890 · management and general $1,271,255

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $83,624,487 · program services $77,579,582 · management and general $6,044,905

• 8 · Pension plan contributions

  total $2,606,828 · program services $2,445,236 · management and general $161,592

• 9 · Other employee benefits

  total $21,234,431 · program services $19,747,717 · management and general $1,486,714

• 10 · Payroll taxes

  total $6,218,179 · program services $5,768,690 · management and general $449,489

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $481,661 · program services $15,599 · management and general $466,062

• 11c · Fees: accounting

  total $97,469 · management and general $97,469

• 11d · Fees: lobbying

  total $42,591 · program services $42,591

• 11f · Fees: investment management

  total $0

• 11g · Fees: other

  total $52,328,920 · program services $41,260,935 · management and general $11,067,985

• 12 · Advertising and promotion

  total $694,302 · program services $2,608 · management and general $691,694

• 13 · Office expenses

  total $10,081,508 · program services $6,826,273 · management and general $3,255,235

• 14 · Information technology

  total $1,881,937 · program services $331,479 · management and general $1,550,458

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $4,044,201 · program services $2,710,100 · management and general $1,334,101

• 17 · Travel

  total $394,206 · program services $258,836 · management and general $135,370

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $0

• 20 · Interest

  total $2,849,889 · program services $1,910,173 · management and general $939,716

• 21 · Payments to affiliates

  total $16,671,452 · program services $4,722,103 · management and general $11,949,349

• 22 · Depreciation, depletion and amortization

  total $9,913,986 · program services $6,644,969 · management and general $3,269,017

• 23 · Insurance

  total $3,100,304 · program services $929,045 · management and general $2,171,259

• 24a · Other expenses: Medical Supplies

  total $44,709,715 · program services $44,709,715

• 24b · Other expenses: Provision for Doubtful Accounts

  total $15,166,281 · program services $15,166,281

• 24c · Other expenses: Taxes, Licenses and Fees

  total $9,459,494 · program services $7,950,054 · management and general $1,509,440

• 24d · Other expenses: Recruiting

  total $1,792,713 · program services $1,088,880 · management and general $703,833

• 24e · All other expenses

  total $541,693 · program services $52,483 · management and general $489,210

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  end of year $37,546

• 2 · Savings and temporary cash investments

  end of year $35,787,779

• 4 · Accounts receivable

  end of year $55,257,496

• 8 · Inventories for sale or use

  end of year $5,156,263

• 9 · Prepaid expenses and deferred charges

  end of year $4,412,233

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

  $68,504,450

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

  $10,500,394

• 10c · Land, buildings and equipment, net

  end of year $58,004,056

• 13 · Investments: program-related

  end of year $6,127,522

• 14 · Intangible assets

  end of year $663,749

• 15 · Other assets

  end of year $313,816

• 17 · Accounts payable and accrued expenses

  end of year $30,567,621

• 19 · Deferred revenue

  end of year -$111

• 23 · Secured mortgages and notes payable

  end of year $57,000,000

• 25 · Other liabilities

  end of year $62,511,017

• 27 · Net assets without donor restrictions

  end of year $15,681,933

The filer's explanations (Part III)

Part I Line 3

Compensation for the CEO 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

Tom Takubo received deferred compensation contributions of 86,063 in 2023 from related party. This amount is properly recorded in deferred compensation on the Form 990 Schedule J.

Part I Line 4b

Karen Bowling received direct cash payments instead of deferral of income. She received cash distributions of 87,832

Part I Line 6a

Per the WVUHS Incentive Plan incentives are contingent on meeting a net earning target.

Disregarded entities

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

• Bluefield Hospital Company LLC

  Health Care and Social Assistance · WV

  Directly controlled by Princeton Community Hospital Association Inc

• Bluefield Clinic Company LLC

  Health Care and Social Assistance · WV

  Directly controlled by Princeton Community Hospital Assciation Inc

Related corporations and trusts

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

• Allied Health Services Inc

  C Corp · Linen Services · WV