Monongalia Health System Inc
- Assets
- $86.7m
- Revenue
- $16.0m
- Investments
- $0.0
- Employees
- 143
- Location
- Morgantown, WV
- Founding
- 12/1983
- Data as of
- 06/2020
- 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 06/2021, Monongalia Health System Inc employed 143 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 06/2020, Monongalia Health System Inc generated $16.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $18.1m during the year ending 06/2020. While expenses have increased by 20.5% per year over the past 6 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
2020
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:
Part 3 - Line 4a
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 Goldberg President/ceo | OfficerTrustee | 1 | $775,610 |
Lisa Simon CPA VP Finance/cfo | Officer | 1 | $361,043 |
Mark Gilliam Chief Administrative Officer | 20 | $359,897 | |
Avah Stalnaker CEO Stonewall Jackson Memorial | 1 | $332,157 | |
Gregory Nelcamp MD Chief Medical Officer | 20 | $330,767 | |
Daris Rosencrance Former VP Finance/cfo | 0 | $317,827 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Steptoe & Johnson Legal Services | 6/29/21 | $456,557 |
Maple Office Complex Rental | 6/29/21 | $2,642,966 |
Philowilke Partnership Architectural/construction/consulting | 6/29/21 | $304,666 |
Rdr Properties Rental | 6/29/21 | $245,583 |
Arnett Carbis Toothman Accounting Firm | 6/29/21 | $227,517 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,788 |
| Investment income | $1,791,700 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,334,492 |
| 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 | $16,010,701 |
| Statement of Expenses | |
|---|---|
| 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. | $1,308,978 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,679,692 |
| Pension plan accruals and contributions | $202,343 |
| Other employee benefits | $1,271,917 |
| Payroll taxes | $533,361 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $99,023 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,146,774 |
| Advertising and promotion | $2,025 |
| Office expenses | $21,391 |
| Information technology | $11,747 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $38,605 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,045,434 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,439,941 |
| Insurance | $45,973 |
| All other expenses | $0 |
| Total functional expenses | $18,088,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,368,782 |
| 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 | $2,918,768 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $772,718 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $16,734,368 |
| Intangible assets | $0 |
| Other assets | $2,161,152 |
| Total assets | $86,745,766 |
| Accounts payable and accrued expenses | $2,160,335 |
| Grants payable | $0 |
| Deferred revenue | $860,742 |
| 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 | $34,122,484 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,058,328 |
| Total liabilities | $41,201,889 |
| 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 |
| Total liabilities and net assets/fund balances | $45,543,877 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Health Systems Inc Beckley, WV | $47,848,830 | $60,145,979 |
Behavioral Wellness Center At Girard Philadelphia, PA | $26,586,230 | $42,933,018 |
Muskingum Valley Health Centers Zanesville, OH | $53,555,620 | $43,067,019 |
Riverside Healthcare Association Inc Newport News, VA | $660,049,352 | $36,592,083 |
Fayette Physician Network Inc Morgantown, WV | $4,531,688 | $30,641,232 |
Centerville Clinics Inc Fredericktown, PA | $48,530,050 | $40,732,543 |
Creative Health Services Inc Pottstown, PA | $28,190,052 | $30,096,171 |
Ohio North East Health Systems Inc Youngstown, OH | $16,127,978 | $24,157,736 |
Central Ohio Health Care Consortium Granville, OH | $11,474,969 | $22,987,032 |
Ccmh Corporation Carrollton, KY | $15,040,154 | $22,292,073 |
University Hospitals Health System Inc Shaker Heights, OH | $659,855 | $12,516,098 |
Chandler Hall Health Services Inc Newtown, PA | $26,412,529 | $17,505,940 |