Drs R W & J A Love Memorial Clinic
- Assets
- $928.4k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 28
- Location
- Moorefield, WV
- Founding
- 02/1975
- Data as of
- 12/2023
- EIN
- 55-0518925
Organization Overview
Drs R W & J A Love Memorial Clinic is located in Moorefield, WV. The organization was established in 1975. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 12/2023, Drs R W & J A Love Memorial Clinic employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Drs R W & J A Love Memorial Clinic 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 12/2023, Drs R W & J A Love Memorial Clinic generated $1.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 1.1% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NON-PROFIT COMMUNITY MEDICAL CLINIC THAT PROVIDES AFFORDABLE MEDICDAL SERVICES TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NON-PROFIT COMMUNITY MEDICAL CLINIC THAT PROVIDES AFFORDABLE MEDICAL SERVICES TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Riggleman Co-Treasurer | Trustee | 40 | $419,700 |
Andrew Funk Director | Officer | 15 | $19,238 |
Tom Mathias Co-Treasurer | Officer | 0 | $0 |
Sharon Bungard President | Officer | 0 | $0 |
Joe Dodd Vice-President | Officer | 0 | $0 |
Frances Welton Secretary | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,750 |
| Total Program Service Revenue | $1,547,434 |
| Investment income | $304 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,200 |
| 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 | $1,656,688 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $302,691 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $921,025 |
| Pension plan accruals and contributions | $5,063 |
| Other employee benefits | $56,337 |
| Payroll taxes | $78,293 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,714 |
| Fees for services: Accounting | $8,605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $997 |
| Office expenses | $120,869 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,758 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,704 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,059 |
| Insurance | $43,771 |
| All other expenses | $7,736 |
| Total functional expenses | $1,833,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$58,633 |
| Savings and temporary cash investments | $176,267 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $435,217 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $375,553 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $928,404 |
| Accounts payable and accrued expenses | $24,442 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $472,666 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $497,108 |
| Net assets without donor restrictions | $0 |
| 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 | $431,296 |
| Total liabilities and net assets/fund balances | $928,404 |