Logan Medical Foundation

Organization Overview

Logan Medical Foundation is located in Chapmanville, WV. The organization was established in 1968. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Logan Medical Foundation 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, Logan Medical Foundation generated $810.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.2% each year . All expenses for the organization totaled $371.4k during the year ending 12/2021. While expenses have increased by 0.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT, MANAGE AND FURNISH HOSPITAL AND OTHER HEALTHCARE FACILITIES, PERSONNEL AND SERVICES FOR DIAGNOSIS, CARE AND TREATMENT OF SICK, INJURED OR DISABLED PERSONS, WITHOUT REGARD TO RACE, CREED, COLOR, AGE, SEX OR NATIONAL ORIGIN; TO PROVIDE FACILITIES, PERSONNEL, FUNDS AND OTHER REQUIREMENTS FOR THE EDUCATION AND TRAINING OF MEDICAL AND HEALTH RELATED PERSONNEL; AND TO MANAGE, OPERATE, OR PARTICIPATE IN SCIENTIFIC RESEARCH AND ANY OTHER ACTIVITY DESIGNED TO PROMOTE THE GENERAL HEALTH OF THE COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE LOGAN MEDICAL FOUNDATION CONTINUES TO LIQUIDATE LIABILITIES AND COLLECT AVAILABLE RECEIVABLES RELATED TO PATIENT CARE PROVIDED IN PRIOR YEARS. ONCE ALL RECEIVABLES HAVE BEEN COLLECTED AND LIABILITIES SATISFIED, THE REMAINING CASH AND ASSETS WILL BE TRANSFERRED TO LOGAN HEALTHCARE FOUNDATION, INC., A 501(C)(3) ORGANIZATION ESTABLISHED BY THE LOGAN MEDICAL FOUNDATION. DURING THE CURRENT YEAR, $300,000 WAS TRANSFERRED TO LOGAN HEALTHCARE FOUNDATION, INC.


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Board, Officers & Key Employees

Name (title)Compensation
Robert Whitler
Chairman
$0
John Earles
President & Treasurer
$0
Charles Justice
Vice President And Assistant Treasurer
$0
Anita Amburgey
Secretary
$0
Kristin Dial
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $597,751
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $14,938
Net Gain/Loss on Asset Sales $190,092
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $810,740

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