West Virginia United Health System Inc
- Assets
- $368.6m
- Revenue
- $352.9m
- Investments
- $28.1m
- Employees
- 2,480
- Location
- Morgantown, WV
- Founding
- 02/1997
- Data as of
- 12/2022
- EIN
- 55-0754713
Organization Overview
West Virginia United Health System Inc, operating under the name West Virginia University Health System, is located in Morgantown, WV. The organization was established in 1997. 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, West Virginia University Health System employed 2,480 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Virginia University Health System 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, West Virginia University Health System generated $352.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 45.7% each year . All expenses for the organization totaled $374.2m during the year ending 12/2022. While expenses have increased by 46.7% 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.
Since 2015, West Virginia University Health System has awarded 43 individual grants totaling $9,537,100. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WEST VIRGINIA UNITED HEALTH SYSTEM IS COMMITTED TO IMPROVING THE HEALTH OF THE COMMUNITIES IT SERVES THROUGH QUALITY, COST EFFECTIVE HEALTH CARE SERVICES SUPPORT OF HEALTH PROFESSIONAL TRAINING AND RESEARCH.
Describe the Organization's Program Activity:
WEST VIRGINIA UNITED HEALTH SYSTEM, INC. DBA WEST VIRGINIA UNIVERSITY HEALTH SYSTEM WVUHS WAS FORMED TO SERVE AS A PART OF AN INTEGRATED HEALTH SCIENCE AND HEALTHCARE DELIVERY SYSTEM. WVUHS FUNCTIONS TO PROVIDE STRATEGIC LEADERSHIP, OVERSIGHT, AND CENTRALIZED SUPPORT SERVICES FOR MEMBER HOSPITALS AND AFFILIATED ORGANIZATIONS WHICH ALLOW THOSE ENTITIES TO DELIVER HIGHER QUALITY HEALTHCARE, REDUCE THE COSTS OF SERVICES PROVIDED TO THE PUBLIC, AND PROVIDE BETTER ENVIRONMENT FOR EDUCATION AND RESEARCH. AN EXAMPLE OF SUPPORT SERVICES PROVIDED BY WVUHS INCLUDES CENTRALIZED CONTRACTING AND PROCUREMENT, HISTORICALLY SAVING THE MEMBER ORGANIZATIONS IN EXCESS OF 20 MILLION PER YEAR. WVUHS ALSO FACILITATES THE SHARING OF CLINICAL INFORMATION TO STREAMLINE DEVELOPMENT OF QUALITY IMPROVEMENT, CLINICAL BEST PRACTICE, AND DATA SHARING EFFORTS. FINALLY, THERE IS A HIGHLY SHARED FOCUS ON QUALITY OF CARE AND PATIENT SATISFACTION AT THE SYSTEM LEVEL, AS THE WVUHS BOARD OF DIRECTORS CONTINUOUSLY LOOKS AT CLINICAL QUALITY AND PATIENT SATISFACTION DASHBOARDS WHICH TRACK RESULTS FROM EACH FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Albert L Wright Jr Director/ President CEO Wvuhs | Officer | 40 | $2,323,142 |
Michael Grace Chief Admin Officer Aug-Dec | Officer | 10 | $0 |
Douglas Coffman Sr. VP CFO | Officer | 36 | $952,288 |
James Venturella VP - It | Officer | 40 | $691,153 |
Benjamin Gerber Chief Strategy Officer | Officer | 39.5 | $664,902 |
Jessica Alsop VP General Counsel | Officer | 40 | $601,266 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Deloitte Consulting Llp Consulting | 12/30/22 | $8,982,516 |
Kiwi Tek Llc Healthcare Charting And Coding Services | 12/30/22 | $3,606,571 |
General Healthcare Resources Llc It Consultant Staffing | 12/30/22 | $1,280,920 |
Jackson Kelly Pllc Legal Services | 12/30/22 | $1,275,037 |
R Smith International Llc Collections Fees | 12/30/22 | $1,123,385 |
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 | $319,233,809 |
| Investment income | $1,752,229 |
| 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 | $352,864,528 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,100,000 |
| 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. | $11,849,172 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $141,108,499 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,060,096 |
| Payroll taxes | $699,412 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,939,084 |
| Fees for services: Accounting | $222,195 |
| Fees for services: Lobbying | $55,855 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,691,378 |
| Advertising and promotion | $2,512,487 |
| Office expenses | $89,389,640 |
| Information technology | $279,369 |
| Royalties | $0 |
| Occupancy | $1,108,053 |
| Travel | $1,368,571 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,272,637 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,374,498 |
| Insurance | $153,439 |
| All other expenses | -$8,529,965 |
| Total functional expenses | $374,236,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,272,099 |
| Savings and temporary cash investments | $60,701,877 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,637,714 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,515,806 |
| Inventories for sale or use | $2,629,749 |
| Prepaid expenses and deferred charges | $19,096,866 |
| Net Land, buildings, and equipment | $153,897,805 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $28,123,671 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,772,830 |
| Total assets | $368,648,417 |
| Accounts payable and accrued expenses | $73,449,158 |
| Grants payable | $0 |
| Deferred revenue | $13,121,039 |
| 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 | $113,989,522 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $60,275,958 |
| Total liabilities | $260,835,677 |
| Net assets without donor restrictions | $107,812,740 |
| 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 | $368,648,417 |
Grants Awarded
Over the last fiscal year, West Virginia United Health System Inc has awarded $1,100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WVU FOUNDATION PURPOSE: Support | $1,025,000 |
WEST VIRGINIA MEDICAL PROFESSIONALS HEALTH PROGRAM INC PURPOSE: Support | $75,000 |