Monongalia Health System Inc
- Assets
- $77.8m
- Revenue
- $25.3m
- Investments
- $0.0
- Employees
- 203
- Location
- Morgantown, WV
- Founding
- 12/1983
- Data as of
- 12/2022
- EIN
- 55-0621551
Organization Overview
Monongalia Health System Inc is located in Morgantown, WV. The organization was established in 1983. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2022, Monongalia Health System Inc employed 203 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monongalia Health System 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, Monongalia Health System Inc generated $25.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $26.8m during the year ending 12/2022. While expenses have increased by 20.8% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MANAGEMENT, PLANNING, DEVELOPMENT, COORDINATION, AND OTHER ACTIVITIES RELATED TO THE PROMOTION OF HEALTH CARE WITHIN THE SYSTEM'S SERVICE AREA.
Describe the Organization's Program Activity:
MONONGALIA HEALTH SYSTEM, INC. IS A NOT-FOR-PROFIT ORGANIZATION INCORPORATED FOR THE PURPOSE OF PROVIDING MANAGEMENT, PLANNING, DEVELOPMENT, COORDINATION, AND OTHER ACTIVITIES RELATED TO THE PROMOTION OF HEALTH CARE WITHIN THE SYSTEM'S SERVICE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David L Ramsey Director & Vandalia CEO | Trustee | 1 | $0 |
David Goldberg Director & Mhs CEO | OfficerTrustee | 41 | $911,058 |
Ed Boyle 9122 Start Chair | OfficerTrustee | 1 | $0 |
John Law CPA Secretary, Treasurer | OfficerTrustee | 1 | $0 |
Kathy Mcneill Vice Chair | OfficerTrustee | 1 | $0 |
Bobbie Conklin Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cdw Government Inc It Product/services | 12/30/22 | $2,271,790 |
Cerner Corporation Inc It Services | 12/30/22 | $7,066,139 |
Change Healthcare It Services | 12/30/22 | $765,125 |
3m It Services | 12/30/22 | $665,802 |
Steptoe And Johnson Pllc Legal Services | 12/30/22 | $1,207,319 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $24,249,996 |
| Investment income | $759,386 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,250,839 |
| 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 | $25,250,603 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,939,409 |
| Pension plan accruals and contributions | $373,556 |
| Other employee benefits | $1,340,242 |
| Payroll taxes | $561,446 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75,219 |
| Fees for services: Accounting | $143,194 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,358,899 |
| Advertising and promotion | $558,673 |
| Office expenses | $191,388 |
| Information technology | $15,390 |
| Royalties | $0 |
| Occupancy | $37,584 |
| Travel | $43,841 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $460,921 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,492,517 |
| Insurance | $1,173,384 |
| All other expenses | $420,554 |
| Total functional expenses | $26,782,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $148,625 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,989,281 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,169,608 |
| Net Land, buildings, and equipment | $35,171,921 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $16,706,483 |
| Intangible assets | $0 |
| Other assets | $18,652,251 |
| Total assets | $77,838,169 |
| Accounts payable and accrued expenses | $6,344,130 |
| Grants payable | $0 |
| Deferred revenue | $738,362 |
| 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 | $30,775,856 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,762,476 |
| Total liabilities | $52,620,824 |
| Net assets without donor restrictions | $25,217,345 |
| 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 | $77,838,169 |