Grant Memorial Hospital
- Assets
- $30.2m
- Revenue
- $46.8m
- Investments
- $0.0
- Employees
- 411
- Location
- Petersburg, WV
- Founding
- 01/1968
- Data as of
- 06/2022
- EIN
- 55-0562976
Organization Overview
Grant Memorial Hospital is located in Petersburg, 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. As of 06/2022, Grant Memorial Hospital employed 411 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grant Memorial Hospital 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 06/2022, Grant Memorial Hospital generated $46.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $47.2m during the year ending 06/2022. While expenses have increased by 3.6% 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
TAX-EXEMPT HOSPITAL DEDICATED TO SERVICING THE COUNTIES OF GRANT, HARDY, & PENDLETON IN WEST VIRGINIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOSPITAL PROVIDES A FULL COMPLEMENT OF HEALTH SERVICES INCLUDING INPATIENT ACUTE, OBSTETRICS, INTENSIVE CARE, SWING-BED SERVICES, TRADITIONAL OUTPATIENT SERVICES AND PHYSICIAN SERVICES TO THE RESIDENTS OF GRANT, HARDY, AND PENDLETON COUNTIES OF WEST VIRGINIA. THE HOSPITAL IS LOCATED IN THE EASTERN PANHANDLE OF WEST VIRGINIA WITH THE CLOSEST HOSPITALS LOCATED 1.5 HOURS AWAY DURING GOOD WEATHER. DURING THE WINTER, IT WILL TYPICALLY TAKE LONGER DEPENDING ON WEATHER CONDITIONS. DURING THE YEAR, THE HOSPITAL HAD 4,295 ACUTE DAYS, 1,187 SWING-BED DAYS, 460 NURSERY DAYS, AND 219 DELIVERIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Roberts Physician | 40 | $608,594 | |
Theresa Rutledge Physician | 40 | $425,083 | |
Caroline Armstrong DO Trustee, Physician, Chief | Trustee | 40 | $369,165 |
Ben Leslie Trustee, Chief Of Staff | Trustee | 40 | $363,354 |
Bruce Leslie Physician | 40 | $353,554 | |
Robert Milvet Jr CEO | OfficerTrustee | 40 | $249,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amerisourcebergen Drug Corp Pharmaceutical Services | 6/29/22 | $4,736,531 |
Team Health Llc Healthcare Services | 6/29/22 | $2,614,376 |
Qualivis Healthcare Services | 6/29/22 | $2,189,539 |
Transamerica Investment Services | 6/29/22 | $1,376,105 |
Concordance Healthcare Solutions Healthcare Services | 6/29/22 | $1,014,751 |
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 | $71,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,500 |
| Total Program Service Revenue | $45,913,295 |
| Investment income | $209,113 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $56,630 |
| Net Gain/Loss on Asset Sales | -$170 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,826,382 |
| 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. | $1,011,894 |
| Compensation of current officers, directors, key employees. | $211,548 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,962,224 |
| Pension plan accruals and contributions | $221,749 |
| Other employee benefits | $1,841,753 |
| Payroll taxes | $1,215,558 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $214,017 |
| Fees for services: Accounting | $201,520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,671,659 |
| Advertising and promotion | $48,782 |
| Office expenses | $686,517 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $816,782 |
| Travel | $51,675 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,910 |
| Interest | $136,907 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,428,847 |
| Insurance | $490,186 |
| All other expenses | $0 |
| Total functional expenses | $47,210,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,892 |
| Savings and temporary cash investments | $6,013,701 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,626,510 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,269,049 |
| Prepaid expenses and deferred charges | $192,922 |
| Net Land, buildings, and equipment | $10,566,618 |
| Investments—publicly traded securities | $7,047,692 |
| Investments—other securities | $0 |
| Investments—program-related | $147,761 |
| Intangible assets | $0 |
| Other assets | $39,348 |
| Total assets | $30,150,493 |
| Accounts payable and accrued expenses | $4,191,906 |
| Grants payable | $0 |
| Deferred revenue | $20,066 |
| 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 | $4,971,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,386,771 |
| Total liabilities | $15,569,743 |
| Net assets without donor restrictions | $7,033,037 |
| Net assets with donor restrictions | $7,547,713 |
| 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 | $30,150,493 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Grant Memorial Hospital has recieved totaling $69,510.
| Awarding Organization | Amount |
|---|---|
Eastern Area Health Education Center Inc Martinsburg, WV | | $31,665 |
Healthcare Education Foundation Of West Virginia Charleston, WV PURPOSE: PROVIDE FOR PURCHASE OF DISASTER PREPAREDNESS SUPPLIES. | $27,443 |
National Association For The Exchange Of Industrial Resources I Galesburg, IL PURPOSE: CARE OF ILL, NEEDY, OR MINOR | $10,402 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maryview Hospital Llc Suffolk, VA | $0 | $126,392,609 |
Lehigh Valley Hospital - Schuykill Allentown, PA | $123,931,422 | $141,448,853 |
Wood County Hospital Assn Bowling Green, OH | $236,887,243 | $125,669,234 |
Davis Memorial Hospital Elkins, WV | $99,450,993 | $120,748,268 |
St Lukes Quakertown Hospital Allentown, PA | $224,667,230 | $112,978,373 |
U Of M Rehab & Orthopaedic Institute Baltimore, MD | $214,130,610 | $125,454,652 |
Shelby County Memorial Hospital Association Inc Sidney, OH | $171,819,264 | $129,965,258 |
Upmc Pittsburgh, PA | $122,342,039 | $105,892,952 |
Bon Secours-Richmond Community Hospital Richmond, VA | $200,107,508 | $168,768,277 |
Northeastern Pennsylvania Health Corporation Allentown, PA | $304,803,492 | $145,234,138 |
Reynolds Memorial Hospital Inc Glen Dale, WV | $68,940,537 | $122,482,209 |
Uva Culpeper Medical Center Culpeper, VA | $139,556,597 | $116,029,117 |