Webster County Memorial Hospital
- Assets
- $9.2m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 211
- Location
- Webster Springs, WV
- Founding
- 03/1959
- Data as of
- 12/2021
- EIN
- 55-6005561
Organization Overview
Webster County Memorial Hospital is located in Webster Springs, WV. The organization was established in 1959. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Webster County Memorial Hospital employed 211 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Webster County Memorial Hospital 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, Webster County Memorial Hospital generated $10.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $10.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 7 years. 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
TO PROVIDE ACUTE SHORT-TERM CARE TO RESIDENTS OF WEBSTER AND SURROUNDING COUNTIES OF WEST VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRITICAL ACCESS HOSPITAL SERVICES PROVIDED INCLUDED 386 INPATIENT DAYS, 35,707 OUTPAITENT VISITS, AND 7,108 RHC VISITS. CHARGES FORGONE FOR CHARITY AMOUNTED TO $5,561.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Anne Carpenter Chair | OfficerTrustee | 1 | $0 |
Christopher Graham Vice Chair | OfficerTrustee | 1 | $0 |
Larry Lynch Secretary/treasurer | OfficerTrustee | 1 | $0 |
Karen Dotson Trustee | Trustee | 1 | $0 |
Keith Hamrick Trustee | Trustee | 1 | $0 |
Jim Phares Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mckesson Medical Surgical Medical Supplies | 12/30/21 | $511,469 |
Healthlandcpsi Electronic Medical Records | 12/30/21 | $335,247 |
Arnet Carbis Toothman Cpa's | 12/30/21 | $151,424 |
Labcorp Lab Services | 12/30/21 | $286,079 |
Concordance Healthcare Medical Supplies | 12/30/21 | $104,953 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,789,521 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,597 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,828,118 |
| Total Program Service Revenue | $8,137,420 |
| Investment income | $771 |
| 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 | $10,023,837 |
| 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. | $60,905 |
| Compensation of current officers, directors, key employees. | $15,598 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,323,056 |
| Pension plan accruals and contributions | $52,744 |
| Other employee benefits | $665,580 |
| Payroll taxes | $333,994 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $101,871 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $412,397 |
| Advertising and promotion | $2,709 |
| Office expenses | $239,607 |
| Information technology | $278,269 |
| Royalties | $0 |
| Occupancy | $124,165 |
| Travel | $39,761 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,155 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $235,415 |
| Insurance | $181,006 |
| All other expenses | $41,779 |
| Total functional expenses | $10,656,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,750,863 |
| Savings and temporary cash investments | $44,515 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,093,249 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $600,148 |
| Prepaid expenses and deferred charges | $42,716 |
| Net Land, buildings, and equipment | $1,659,361 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $54,789 |
| Total assets | $9,245,641 |
| Accounts payable and accrued expenses | $1,437,687 |
| 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 | $639,717 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,765,092 |
| Total liabilities | $4,842,496 |
| Net assets without donor restrictions | $4,358,630 |
| Net assets with donor restrictions | $44,515 |
| 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 | $9,245,641 |