Monongalia County General Hospital Company
- Assets
- $321.2m
- Revenue
- $319.9m
- Investments
- $71.8m
- Employees
- 2,072
- Location
- Morgantown, WV
- Founding
- 03/1975
- Data as of
- 06/2021
- EIN
- 23-7441353
Organization Overview
Monongalia County General Hospital Company is located in Morgantown, WV. The organization was established in 1975. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Monongalia County General Hospital Company employed 2,072 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monongalia County General Hospital Company is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Monongalia County General Hospital Company generated $319.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $330.6m during the year ending 06/2021. While expenses have increased by 3.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DELIVER THE BEST HEALTHCARE AND REMAIN THE PROVIDER OF CHOICE IN OUR REGIONAL SERVICE AREA BECAUSE OF OUR QUALITY, RESPECT, INTEGRITY, AND CREATIVITY, AS WELL AS OUR DEDICATION TO PATIENT SAFETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONONGALIA GENERAL HOSPITAL (MGH) IS A 154-BED GENERAL, ACUTE CARE HOSPITAL IN MORGANTOWN, WV.MGH PROVIDES A WIDE ARRAY OF OUTPATIENT SERVICES INCLUDING OUTPATIENT SURGERY (10,866 SURGERIES), PHYSICIAN OFFICES (180,234 VISITS), AND MANY OTHER SERVICES. SOME OTHER SERVICES INCLUDE CARDIAC CATHETERIZATION, CT SCAN, MRI, NUCLEAR MEDICINE, AND ULTRASOUND.MGH IS LICENSED FOR 154 INPATIENT BEDS WHICH ARE ALL PRIVATE ROOMS. MGH HAD 3,516 DISCHARGES FOR THE YEAR WITH A TOTAL OF 15,779 PATIENT DAYS. MGH HAD 471 DELIVERIES FOR THE YEAR. INPATIENT GENERAL SURGERY 1,190 AND OPEN HEART SURGERY ARE ALSO OFFERED.MGH HAS AN EMERGENCY DEPARTMENT SERVING MONONGALIA AND SURROUNDING COUNTIES WITH A TOTAL OF 12,966 VISITS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Mcbee Director, Chief Of Staff | Trustee | 50 | $2,024,024 |
David Goldberg Director & Mhs CEO | OfficerTrustee | 1 | $0 |
Krystal Atkinson Director & Mhmc Cao | OfficerTrustee | 1 | $0 |
Kimberly Moyers Chair | OfficerTrustee | 1 | $0 |
Natalie Stone Vice Chair | OfficerTrustee | 1 | $0 |
Sam Chico III Secretary/treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Qualivis Inc Agency Services | 12/30/22 | $11,000,876 |
Northstar Anesthesia Of Wv Pllc Anesthesia Services | 12/30/22 | $4,462,707 |
Philips Healthcare Inc Biomed/di Services | 12/30/22 | $1,440,560 |
Morrison Management Inc Food Service Management | 12/30/22 | $1,520,755 |
Mountain Emergency Physicians Er Physician Admin/services | 12/30/22 | $1,282,988 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,203,308 |
| Investment income | $1,787,581 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $379,614 |
| Net Gain/Loss on Asset Sales | $5,515,766 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $319,939,517 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $110,199,101 |
| Pension plan accruals and contributions | $1,067,098 |
| Other employee benefits | $14,291,552 |
| Payroll taxes | $6,303,884 |
| Fees for services: Management | $23,546,421 |
| Fees for services: Legal | $9,444 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $125,888 |
| Fees for services: Other | $29,223,293 |
| Advertising and promotion | $5,581 |
| Office expenses | $2,829,101 |
| Information technology | $39,021 |
| Royalties | $0 |
| Occupancy | $4,444,484 |
| Travel | $140,554 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,505,379 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,187,561 |
| Insurance | $2,213,346 |
| All other expenses | $0 |
| Total functional expenses | $330,568,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,430,743 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,106,904 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,127,866 |
| Prepaid expenses and deferred charges | $2,756,478 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $71,806,734 |
| Investments—program-related | $0 |
| Intangible assets | $5,007,204 |
| Other assets | $39,180,260 |
| Total assets | $321,175,687 |
| Accounts payable and accrued expenses | $26,263,375 |
| Grants payable | $0 |
| Deferred revenue | $23,998,136 |
| Tax-exempt bond liabilities | $96,995,537 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $46,566,203 |
| Total liabilities | $193,823,251 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $127,352,436 |