Reynolds Memorial Hospital Inc
- Assets
- $76.4m
- Revenue
- $137.3m
- Investments
- $0.0
- Employees
- 877
- Location
- Glen Dale, WV
- Founding
- 11/1933
- Data as of
- 12/2022
- EIN
- 55-0357045
Organization Overview
Reynolds Memorial Hospital Inc is located in Glen Dale, WV. The organization was established in 1933. 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, Reynolds Memorial Hospital Inc employed 877 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reynolds Memorial Hospital Inc 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 12/2022, Reynolds Memorial Hospital Inc generated $137.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $126.0m during the year ending 12/2022. While expenses have increased by 18.4% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY CARE TO PATIENTS AND THE COMMUNITY AT A REASONABLE COST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR HOSPITALIST TEAM IS STAFFED WITH INTERNAL MEDICINE TRAINED PHYSICIANS AND MID-LEVEL PROVIDERS WHO WORK CLOSELY WITH NURSES AND OTHER ANCILLARY STAFF TO PROVIDE A MULTI-DISCIPLINARY APPROACH TO ADULT PATIENT CARE. WE PROVIDE CARE FOR A WIDE RANGE OF PATIENTS WITH MULTIPLE DISEASE PROCESSES INCLUDING BUT NOT LIMITED TO CRITICAL CARE, CARDIAC, PULMONARY, NEPHROLOGY, INFECTIOUS DISEASE, ORTHOPEDIC, AND GASTROENTEROLOGICAL CONDITIONS. OUR TEAM HAS THE ABILITY TO PROVIDE BEDSIDE DIAGNOSTIC PROCEDURES SUCH AS PARACENTESIS AND THORACENTESIS TO HELP AID IN DIAGNOSIS AND TREATMENT OF OUR PATIENTS. WE ALSO HAVE TWO OUTPATIENT INTERNAL MEDICINE CLINICS THAT SEE PATIENTS THROUGHOUT THE YEAR. IN 2022, THESE OUTPATIENT CLINICS HAD 5,361 PATIENT VISITS.
THE EMERGENCY DEPARTMENT AT REYNOLDS MEMORIAL PROVIDES EMERGENT CARE 24 HOURS A DAY, EVERY DAY. THE EMERGENCY DEPARTMENT HAD 22,484 PATIENT VISITS IN 2022.
OUR MEDICAL ONCOLOGY AND HEMATOLOGY CLINIC IS STAFFED BY AN EXPERIENCED TEAM OF PHYSICIAN, NURSES, THERAPISTS, SOCIAL WORKERS AND OTHER CLINICAL STAFF. OUR 3,606 SQUARE-FOOT FACILITY INCLUDES A FIVE CHAIR INFUSION ROOM, TWO PRIVATE INFUSION ROOMS, AND TWO PATIENT EXAM ROOMS. INFUSION TREATMENTS INCLUDE CHEMOTHERAPY, BIOTHERAPY, MONOCLONAL ANTIBODIES, IMMUNOTHERAPY, HORMONAL THERAPY, THERAPEUTIC PHLEBOTOMY, VITAMIN THERAPY, AND MORE. THE CANCER INSTITUTE ALSO PROVIDES SUPPORTIVE CARE FOR PATIENTS UNDERGOING CHEMOTHERAPY, WHICH INCLUDES IV HYDRATION, ELECTROLYTE REPLACEMENTS, AND GROWTH FACTORS. THE HEMATOLOGY AND ONCOLOGY CLINIC HAD 3,726 PATIENT VISITS IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hess Ceo, November - December 2022 | Officer | 2 | $16,268 |
Michael Myers Physician | 40 | $751,019 | |
Nabiel Alkhouri Physician | 40 | $713,627 | |
Dr James Kelly Director, Chief Medical Staff | Trustee | 40 | $711,633 |
Douglass Harrison President | Officer | 24 | $364,539 |
Matthew Watkins Physician | 40 | $637,776 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medical Solutions Llc Medical Staffing | 12/30/22 | $3,979,327 |
Insight Health Corporation Radiology Imaging Services | 12/30/22 | $702,862 |
Barton & Associates Inc Staffing Services | 12/30/22 | $300,943 |
Weatherby Locums Inc Medical Staffing | 12/30/22 | $253,990 |
Chg Medical Staffing Inc Medical Staffing | 12/30/22 | $250,348 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $406,723 |
| All other contributions, gifts, grants, and similar amounts not included above | $259,208 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $665,931 |
| Total Program Service Revenue | $134,799,898 |
| Investment income | $476,532 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,635 |
| Net Rental Income | $79,014 |
| Net Gain/Loss on Asset Sales | $761,489 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $137,313,344 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,625 |
| Grants and other assistance to domestic individuals. | $38,937 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,282,809 |
| Compensation of current officers, directors, key employees. | $1,205,575 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,820,957 |
| Pension plan accruals and contributions | $1,478,180 |
| Other employee benefits | $8,304,307 |
| Payroll taxes | $3,482,476 |
| Fees for services: Management | $0 |
| Fees for services: Legal | -$29,961 |
| Fees for services: Accounting | $228 |
| Fees for services: Lobbying | $10,259 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,522,623 |
| Advertising and promotion | $673,576 |
| Office expenses | $3,231,393 |
| Information technology | $1,050 |
| Royalties | $0 |
| Occupancy | $1,885,648 |
| Travel | $214,995 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $858,208 |
| Payments to affiliates | $8,349,271 |
| Depreciation, depletion, and amortization | $2,804,637 |
| Insurance | $1,873,834 |
| All other expenses | $840,614 |
| Total functional expenses | $125,989,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,589 |
| Savings and temporary cash investments | $6,054,079 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,500,416 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,197,608 |
| Prepaid expenses and deferred charges | $476,337 |
| Net Land, buildings, and equipment | $31,648,720 |
| Investments—publicly traded securities | $8,489,598 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,829 |
| Total assets | $76,437,176 |
| Accounts payable and accrued expenses | $15,849,544 |
| Grants payable | $0 |
| Deferred revenue | $144,596 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,780,086 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,563,753 |
| Total liabilities | $51,337,979 |
| Net assets without donor restrictions | $23,182,780 |
| Net assets with donor restrictions | $1,916,417 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $76,437,176 |
Grants Awarded
Over the last fiscal year, Reynolds Memorial Hospital Inc has awarded $32,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WHEELING NEWS-REGISTER PURPOSE: Football Sponsorship | $17,500 |
OGLEBAY FOUNDATION PURPOSE: Sponsorship | $15,000 |