Ohiohealth Corporation
- Assets
- $120.8m
- Revenue
- $80.0m
- Investments
- $0.0
- Employees
- 340
- Location
- Van Wert, OH
- Founding
- 01/1947
- Data as of
- 12/2021
- EIN
- 34-4429514
Organization Overview
Ohiohealth Corporation, operating under the name Van Wert Health, is located in Van Wert, OH. The organization was established in 1947. 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, Van Wert Health employed 340 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Van Wert Health 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 12/2021, Van Wert Health generated $80.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $87.3m during the year ending 12/2021. While expenses have increased by 8.5% 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 BE THE BEST COMMUNITY HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INPATIENT, OUTPATIENT, AND EMERGENCY CARE SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Scott Shie Physician | 40 | $957,748 | |
Dr Nicholai Kiehl Physician | 40 | $958,313 | |
Dr M Nizar Orfahli Physician | 40 | $517,585 | |
James Pope CEO - Term Ended | OfficerTrustee | 40 | $474,344 |
Dr Charles Hoehn Physician | 40 | $462,049 | |
Dr Jeremy Stoller Physician | 40 | $453,053 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quorum Health Resources Llc Rev Cycle | 12/30/22 | $2,964,749 |
Therapy Solutions Llc Rehabilitation | 12/30/22 | $2,495,727 |
Cardinal Health Pharmacy Pharmacy | 12/30/22 | $1,586,717 |
New Vision Medical Labs Inc Laboratory | 12/30/22 | $1,374,100 |
Medline Industries Healthcare Supplies | 12/30/22 | $1,342,328 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,931,580 |
| Investment income | $813,344 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $475,687 |
| Net Gain/Loss on Asset Sales | $35,045 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $80,047,025 |
| 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. | $2,078,993 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,418,455 |
| Pension plan accruals and contributions | $472,097 |
| Other employee benefits | $4,023,771 |
| Payroll taxes | $1,908,434 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $128,917 |
| Fees for services: Accounting | $92,866 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,092 |
| Fees for services: Other | $18,958,166 |
| Advertising and promotion | $136,192 |
| Office expenses | $1,596,341 |
| Information technology | $1,347,043 |
| Royalties | $0 |
| Occupancy | $915,266 |
| Travel | $334,228 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,111,670 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,038,571 |
| Insurance | $795,509 |
| All other expenses | $0 |
| Total functional expenses | $87,347,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $527,410 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,716,334 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $577,828 |
| Prepaid expenses and deferred charges | $893,264 |
| Investments—publicly traded securities | $16,908,420 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,204,089 |
| Total assets | $120,811,656 |
| Accounts payable and accrued expenses | $5,602,605 |
| Grants payable | $11,863 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $59,070,521 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,400,279 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $67,085,268 |
| Net assets without donor restrictions | $49,208,519 |
| Net assets with donor restrictions | $4,517,869 |
| 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 | $53,726,388 |