Rainelle Medical Center Inc
- Assets
- $18.2m
- Revenue
- $31.0m
- Investments
- $0.0
- Employees
- 250
- Location
- Rainelle, WV
- Founding
- 07/1989
- Data as of
- 06/2023
- EIN
- 55-0686113
Organization Overview
Rainelle Medical Center Inc is located in Rainelle, WV. The organization was established in 1989. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 06/2023, Rainelle Medical Center Inc employed 250 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainelle Medical Center 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 06/2023, Rainelle Medical Center Inc generated $31.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $29.4m during the year ending 06/2023. While expenses have increased by 15.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEDICAL SERVICES TO THE RESIDENTS OF RAINELLE, WV, MEADOW BRIDGE, WV, AND THE SURROUNDING AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MEDICAL SERVICES TO RURAL WEST VIRGINIA. THE CENTER PROVIDED OVER 70,000 PATIENT ENCOUNTERS AS WELL AS A SIGNIFICANT AMOUNT OF FREE OR REDUCED CARE, FREE DRUGS, AND FREE SUPPLIES TO ITS PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sen Stephen Baldwin Board Member | Trustee | 1 | $0 |
Davida Farley Board Member | Trustee | 1 | $0 |
Nina Blankenship Board Member | Trustee | 1 | $0 |
Barry Crist Board Member | Trustee | 1 | $0 |
Jesse Boone Board Member | Trustee | 1 | $0 |
Henry Bivens Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,880,444 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,743 |
| Noncash contributions included in lines 1a–1f | $29,743 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,910,187 |
| Total Program Service Revenue | $26,043,122 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $30,953,309 |
| 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 | $14,153,190 |
| Pension plan accruals and contributions | $126,766 |
| Other employee benefits | $3,700,564 |
| Payroll taxes | $1,039,825 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $102,892 |
| Fees for services: Accounting | $27,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,346,115 |
| Advertising and promotion | $315,528 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,098,382 |
| Travel | $138,186 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $58,246 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $466,601 |
| Insurance | $135,807 |
| All other expenses | $0 |
| Total functional expenses | $29,381,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,279,967 |
| Savings and temporary cash investments | $2,840,439 |
| Pledges and grants receivable | $2,770,945 |
| Accounts receivable, net | $2,988,716 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $118,827 |
| Prepaid expenses and deferred charges | $130,389 |
| Net Land, buildings, and equipment | $6,060,369 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,189,652 |
| Accounts payable and accrued expenses | $2,245,971 |
| 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 | $1,555,462 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,801,433 |
| Net assets without donor restrictions | $10,166,864 |
| Net assets with donor restrictions | $4,221,355 |
| 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 | $18,189,652 |