West Virginia Health Care Cooperative Inc
- Assets
- $43.4m
- Revenue
- $66.7m
- Investments
- $0.0
- Employees
- 554
- Location
- Summersville, WV
- Founding
- 05/1985
- Data as of
- 12/2021
- EIN
- 55-0650441
Organization Overview
West Virginia Health Care Cooperative Inc, operating under the name Summersville Regional Medical Center, is located in Summersville, WV. The organization was established in 1985. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. As of 12/2021, Summersville Regional Medical Center employed 554 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summersville Regional Medical Center 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 12/2021, Summersville Regional Medical Center generated $66.7m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 41.9% each year . All expenses for the organization totaled $59.1m during the year ending 12/2021. While expenses have increased by 33.8% per year over the past 3 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUMMERSVILLE REGIONAL MEDICAL CENTER PROVIDES ACUTE CARE SERVICES THROUGH 53 LICENSED BEDS INCLUDING INTENSIVE CARE UNIT, MEDICAL/SURGERY, OB AND SWING BED. IN ADDITION THERE ARE 52 EXTENDED CARE BEDS PROVIDING LONG TERM
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNAL MEDICINE SERVICES INCLUDE COMPREHENSIVE PRIMARY CARE FOR ADULTS AND SENIORS, WITH A FOCUS ON DISEASES AFFECTING THE HEART, BLOOD, KIDNEYS, AND JOINTS, AS WELL AS THE DIGESTIVE, RESPIRATORY, AND VASCULAR SYSTEMS. OUR INTERNAL MEDICINE PHYSICIANS DIAGNOSE COMMON OR COMPLEX ISSUES, AND CAN HELP PATIENTS MANAGE ANY CHRONIC CONDITIONS. OUR PROVIDERS HELP COORDINATE THE MEDICAL NEEDS OF OUR PATIENTS AND REFER TO SPECIALISTS WHEN NEEDED. INTERNAL MEDICINE INPATIENT DAYS FOR 2021 INCLUDED 4,941 ACUTE CARE DAYS AND 1,758 ICU DAYS.
THE EMERGENCY DEPARTMENT OF SUMMERSVILLE REGIONAL MEDICAL CENTER SRMC SERVES PATIENTS FROM ACROSS THE REGION IN THEIR MOST CRITICAL MOMENTS. AS A LEVEL IV TRAUMA CENTER LOCATED WITHIN THE HOSPITAL, OUR EMERGENCY DEPARTMENT IS STAFFED 24 HOURS A DAY, SEVEN DAYS A WEEK, 365 DAYS A YEAR. WE STRIVE TO DELIVER A FAST, ACCURATE DIAGNOSIS AND EFFICIENT TREATMENT OR TRANSPORT FOR ALL PATIENTS. SERVICES IN 2021 INCLUDED 16,775 TOTAL EMERGENCY DEPARTMENT VISITS. OF THOSE, 14,764 WERE TREATED AND RELEASED, 1,244 WERE ADMITTED AS AN INPATIENT, AND 767 WERE PLACED IN OBSERVATION.
THE FAMILY MEDICINE PROVIDERS OF SUMMERSVILLE REGIONAL MEDICAL CENTER CARE FOR PATIENTS OF ALL AGES, INCLUDING INFANTS, CHILDREN, ADULTS, AND SENIORS. PATIENTS ARE SEEN BY PROVIDERS WITHIN THE RURAL AND FAIRVIEW HEALTH CLINICS. SERVICES RANGE FROM HEALTH SCREENINGS TO PHYSICAL EXAMS AND VACCINATIONS TO MANAGEMENT OF CHRONIC CONDITIONS, SUCH AS DIABETES AND HIGH BLOOD PRESSURE. OUR PROVIDERS WORK WITH OTHER WVU MEDICINE SPECIALISTS IN ORDER TO PROVIDE THE BEST CARE FOR OUR PATIENTS AND THEIR FAMILIES. SERVICES IN 2021 INCLUDE 14,094 VISITS IN THE RURAL HEALTH CLINIC AND 7,390 IN THE FAIRVIEW HEALTH CLINIC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bandy Mullins MD Director, Chair Surgeon | OfficerTrustee | 32 | $598,059 |
Benjamin Hensley DO Surgeon | 32 | $507,862 | |
David Meriwether MD Physician | 40 | $497,068 | |
Michael Taylor MD Physician | 40 | $462,256 | |
Stanley Morris Physician | 40 | $402,667 | |
Cynthia Kappler Crna | 40 | $316,253 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thomas Reynolds Crna Services | 12/30/20 | $186,370 |
Nicholas Emergency Group Pllc Emergency Medical Services | 12/30/20 | $192,045 |
Fairview Health Associates Inc Lab Services | 12/30/20 | $139,264 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $103,561 |
| 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 | $103,561 |
| Total Program Service Revenue | $66,403,958 |
| Investment income | $12,824 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $133,831 |
| 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 | $66,715,659 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,000 |
| 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. | $1,331,264 |
| Compensation of current officers, directors, key employees. | $463,074 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,384,245 |
| Pension plan accruals and contributions | $765,959 |
| Other employee benefits | $4,231,813 |
| Payroll taxes | $1,923,888 |
| Fees for services: Management | $0 |
| Fees for services: Legal | -$1,020 |
| Fees for services: Accounting | $2,753 |
| Fees for services: Lobbying | $8,714 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,730,053 |
| Advertising and promotion | $50,455 |
| Office expenses | $1,859,532 |
| Information technology | $83,482 |
| Royalties | $0 |
| Occupancy | $684,894 |
| Travel | $91,112 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $155,944 |
| Payments to affiliates | $4,442,292 |
| Depreciation, depletion, and amortization | $1,001,259 |
| Insurance | $1,208,322 |
| All other expenses | $172,802 |
| Total functional expenses | $59,128,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,805 |
| Savings and temporary cash investments | $22,678,889 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,273,106 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,963,499 |
| Prepaid expenses and deferred charges | $748,498 |
| Net Land, buildings, and equipment | $9,789,652 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $31,733 |
| Intangible assets | $1,215,049 |
| Other assets | $693,358 |
| Total assets | $43,415,589 |
| Accounts payable and accrued expenses | $12,741,546 |
| Grants payable | $0 |
| Deferred revenue | $1,663,069 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $20,234 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $11,686,212 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $806,662 |
| Total liabilities | $26,917,723 |
| Net assets without donor restrictions | $16,497,866 |
| 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 | $43,415,589 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Integrace Inc Fort Washington, PA | $287,623,657 | $61,949,797 |
West Virginia Health Care Cooperative Inc Summersville, WV | $43,415,589 | $66,715,659 |
American Nurses Credentialing Center Silver Spring, MD | $82,788,140 | $58,809,880 |
Carilion Clinic Roanoke, VA | $281,656,126 | $39,438,781 |
Wooster Community Hospital Foundation Wooster, OH | $9,599,227 | $32,668,692 |
Jewish Healthcare Foundation Of Pittsburgh Pittsburgh, PA | $167,156,555 | $15,944,425 |
Asbury Communities Inc Frederick, MD | $47,159,908 | $12,863,922 |
Ohios Hospice Inc Dayton, OH | $39,691,448 | $16,234,303 |
Jewish Heritage Fund For Excellence Inc Louisville, KY | $316,702,876 | $24,452,384 |
Cola Inc Columbia, MD | $22,083,298 | $12,495,022 |
Keystonecare Wyndmoor, PA | $1,598,265 | $10,722,936 |
University Of Maryland Charles Regional Health Inc La Plata, MD | $24,729,996 | $5,853,296 |