Potomac Valley Hospital Inc
- Assets
- $54.1m
- Revenue
- $71.4m
- Investments
- $0.0
- Employees
- 473
- Location
- Keyser, WV
- Founding
- 10/2014
- Data as of
- 12/2022
- EIN
- 55-0420956
Organization Overview
Potomac Valley Hospital Inc is located in Keyser, WV. The organization was established in 2014. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Potomac Valley Hospital Inc employed 473 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Potomac Valley 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, Potomac Valley Hospital Inc generated $71.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $61.0m during the year ending 12/2022. While expenses have increased by 14.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
POTOMAC VALLEY STRIVES TO IMPROVE THE TOTAL HEALTH STATUS OF AREA RESIDENTS AND PROVIDE SUPPORTIVE CARE FOR THE CHRONICALLY AND/OR TERMINALLY ILL PATIENTS AT HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILY MEDICINE SERVICES ARE PROVIDED IN MULTIPLE CLINIC LOCATIONS, AND AS RURAL HEALTH CLINICS, TO SERVE THE PRIMARY CARE NEEDS OF THE POPULATION IN MINERAL COUNTY AND PROVIDE ACCESS TO CARE. DURING 2022, PVH HAD 11,961 FAMILY MEDICINE PATIENT ENCOUNTERS.
PVH EMERGENCY DEPARTMENT IS STAFFED 24 HOURS EVERYDAY WITH SPECIALLY TRAINED PHYSICIANS AND NURSING STAFF. THE LEVEL OF CARE RANGES FROM CONTINUATION OR INITIATION OF ADVANCED LIFE SUPPORT, TO THE ASSESSMENT AND TREATMENT OF MINOR ILLNESS, INJURIES OR THE ACCELERATION OF CHRONIC MEDICAL CONDITIONS. THE EMERGENCY DEPARTMENT IS CONNECTED BY RATION TO CIVIL DEFENSE AND ALL AREA RESCUE SQUADS AND AMBULANCES, THUS ALLOWING THE STAFF TO BE FULLY PREPARED FOR ANY INCOMING EMERGENCY IN ADVANCE OF THE ARRIVAL. THE EMERGENCY DEPARTMENT SAW 16,370 PATIENTS IN 2022.
GENERAL SURGICAL SERVICES ARE PROVIDED AS EMERGENT AND SCHEDULED SERVICES ON BOTH AN INPATIENT AND AN OUTPATIENT BASIS. PVH HAD 2,352 GENERAL SURGERY VISITS IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Bess MD Physician, Director Through November 2022 | Trustee | 40 | $649,729 |
Michael Gould DO Director, Chief Of Staff | Trustee | 40 | $297,608 |
Hamed Vahedikafshgari MD Physician | 40 | $546,827 | |
Mark Boucot Director, CEO | OfficerTrustee | 20 | $211,411 |
Alan Stephens MD Physician | 40 | $431,178 | |
James Viglianco MD Physician | 40 | $412,786 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medical Solutions Llc Medical Staffing Services | 12/30/22 | $2,605,946 |
Rabie Zalzal Physican Services | 12/30/22 | $152,743 |
Fisher Scientific Company Landscaping And Excavating Services | 12/30/22 | $115,016 |
Harshad Bokil Medical Staffing Services | 12/30/22 | $113,484 |
Quest Diagnostics Nichols Institute Inc Physician Services | 12/30/22 | $107,774 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $69,213 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,681 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,894 |
| Total Program Service Revenue | $70,970,041 |
| Investment income | $36 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,787 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $71,436,905 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,422 |
| Grants and other assistance to domestic individuals. | $12,466 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,552,689 |
| Compensation of current officers, directors, key employees. | $412,341 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,409,333 |
| Pension plan accruals and contributions | $658,935 |
| Other employee benefits | $3,612,580 |
| Payroll taxes | $1,504,363 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,611 |
| Fees for services: Accounting | $118 |
| Fees for services: Lobbying | $5,129 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,350,786 |
| Advertising and promotion | $244,597 |
| Office expenses | $2,231,259 |
| Information technology | $600 |
| Royalties | $0 |
| Occupancy | $1,070,462 |
| Travel | $306,582 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $523,045 |
| Payments to affiliates | $6,715,743 |
| Depreciation, depletion, and amortization | $2,165,230 |
| Insurance | $576,308 |
| All other expenses | $167,265 |
| Total functional expenses | $61,047,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,868,750 |
| Savings and temporary cash investments | $115,056 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,674,028 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $820,510 |
| Prepaid expenses and deferred charges | $405,331 |
| Net Land, buildings, and equipment | $23,753,234 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,420,833 |
| Total assets | $54,057,742 |
| Accounts payable and accrued expenses | $11,714,673 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $18,500,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $548,767 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,175,336 |
| Total liabilities | $33,938,776 |
| Net assets without donor restrictions | $20,102,111 |
| Net assets with donor restrictions | $16,855 |
| 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 | $54,057,742 |
Grants Awarded
Over the last fiscal year, Potomac Valley Hospital Inc has awarded $19,796 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MINERAL COUNTY BOARD OF EDUCATION | | | $14,796 |
KEYSER ROTARY CLUB PURPOSE: Sponsorship | $5,000 |