Princeton Community Hospital Assn Inc
- Assets
- $165.8m
- Revenue
- $285.1m
- Investments
- $0.0
- Employees
- 1,829
- Location
- Princeton, WV
- Founding
- 07/1965
- Data as of
- 12/2023
- EIN
- 55-0483245
Organization Overview
Princeton Community Hospital Assn Inc is located in Princeton, WV. The organization was established in 1965. 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 12/2023, Princeton Community Hospital Assn Inc employed 1,829 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Princeton Community Hospital Assn Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRINCETON COMMUNITY HOSPITAL ASSOCIATION IS COMMITTED TO EXCELLENT EXPERIENCES FOR OUR PATIENTS, OUR PHYSICIANS, OUR EMPLOYEES, AND OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRINCETON COMMUNITY HOSPITAL ASSOCIATION HAS A 24/7 EMERGENCY DEPARTMENT THAT IS STAFFED BY BOARD-CERTIFIED PHYSICIANS AND HIGHLY TRAINED NURSES WHO DELIVER LIFESAVING CARE WITH A COMBINATION OF EFFICIENCY AND COMPASSION. IN 2023, PRINCETON COMMUNITY HOSPITAL HAD 48,227 EMERGENCY DEPARTMENT VISITS.
PRINCETON COMMUNITY HOSPITAL ASSOCIATION HAS EIGHT STATE OF THE ART OPERATING ROOMS WHERE SURGEONS PERFORM PROCEDURES EVERY DAY THAT SAVE LIVES, ADD YEARS TO LIFE, AND ENHANCE QUALITY OF LIFE. IN 2023, PRINCETON COMMUNITY HOSPITAL ASSOCIATION PERFORMED 7,508 SURGERIES.
THE INTERNAL MEDICINE DEPARTMENT PROVIDES OUTSTANDING CARE FOR A WIDE RANGE OF CONDITIONS, INCLUDING HEART DISEASE, HYPERTENSION, DIABETES, LUNG DISEASE, METABOLIC DISORDERS, GASTROINTESTINAL PROBLEMS, AND BLOOD DISORDERS. IN 2023, PRINCETON COMMUNITY HOSPITAL ASSOCIATION HAD 11,424 INTERNAL MEDICINE VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Weitzel Physician | 40 | $980,175 | |
Eric Hopkins Physician | 40 | $920,864 | |
Mark Lenter Physician | 40 | $865,758 | |
Gene Duremdes Physician | 40 | $807,716 | |
David Mullins Director | Trustee | 40 | $771,189 |
Karen Bowling President | Officer | 40 | $774,664 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alliance Healthcare Services Inc Contracted Labor | 12/30/23 | $1,504,331 |
Medical Solutions Llc Contracted Labor | 12/30/23 | $10,139,122 |
Swope Construction Construction Services | 12/30/23 | $847,658 |
United Imaging Services Llc Contract Mobile Imaging | 12/30/23 | $793,651 |
Cepheid Molecular Lab Testing | 12/30/23 | $631,450 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $26,131 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $49 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,180 |
| Total Program Service Revenue | $278,586,305 |
| Investment income | $4,545,325 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $157,560 |
| Net Gain/Loss on Asset Sales | -$329,827 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $285,089,167 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $85,000 |
| Grants and other assistance to domestic individuals. | $11,522 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,094,145 |
| Compensation of current officers, directors, key employees. | $1,271,255 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $83,624,487 |
| Pension plan accruals and contributions | $2,606,828 |
| Other employee benefits | $21,234,431 |
| Payroll taxes | $6,218,179 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $481,661 |
| Fees for services: Accounting | $97,469 |
| Fees for services: Lobbying | $42,591 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,328,920 |
| Advertising and promotion | $694,302 |
| Office expenses | $10,081,508 |
| Information technology | $1,881,937 |
| Royalties | $0 |
| Occupancy | $4,044,201 |
| Travel | $394,206 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,849,889 |
| Payments to affiliates | $16,671,452 |
| Depreciation, depletion, and amortization | $9,913,986 |
| Insurance | $3,100,304 |
| All other expenses | $541,693 |
| Total functional expenses | $291,126,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,546 |
| Savings and temporary cash investments | $35,787,779 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,257,496 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,156,263 |
| Prepaid expenses and deferred charges | $4,412,233 |
| Net Land, buildings, and equipment | $58,004,056 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $6,127,522 |
| Intangible assets | $663,749 |
| Other assets | $313,816 |
| Total assets | $165,760,460 |
| Accounts payable and accrued expenses | $30,567,621 |
| Grants payable | $0 |
| Deferred revenue | -$111 |
| 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 | $57,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $62,511,017 |
| Total liabilities | $150,078,527 |
| Net assets without donor restrictions | $15,681,933 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $165,760,460 |
Grants Awarded
Over the last fiscal year, Princeton Community Hospital Assn Inc has awarded $85,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PRINCETON RESCUE SQUAD PURPOSE: Donation for Education Center | $80,000 |
CITY OF PRINCETON WV PURPOSE: Donation for ADA Playground at City Park | $5,000 |