MONONGALIA COUNTY GENERAL HOSPITAL… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

DAVID S GOLDBERG

Phone

3045981242

Tax Period

2023-01-01 to 2023-12-31

MONONGALIA COUNTY GENERAL HOSPITAL CO, founded in 1972, is a major nonprofit in the Health Care sector that reported $384.2M in total revenue in fiscal year 2023. Revenue surged 138% from the prior year, signaling strong growth momentum. Expenses of $349.5M left a modest 9% surplus.

Mission

TO ENHANCE THE HEALTH OF THE COMMUNITIES WE SERVE, ONE PERSON AT A TIME.

Program Service Accomplishments

Program 1

Expenses: $292,148,557 Revenue: $380,851,824

MONONGALIA GENERAL HOSPITAL (MGH) IS A 154-BED GENERAL, ACUTE CARE HOSPITAL IN MORGANTOWN, WV.MGH PROVIDES A WIDE ARRAY OF OUTPATIENT SERVICES INCLUDING OUTPATIENT SURGERY (11,760 SURGERIES)...

MONONGALIA GENERAL HOSPITAL (MGH) IS A 154-BED GENERAL, ACUTE CARE HOSPITAL IN MORGANTOWN, WV.MGH PROVIDES A WIDE ARRAY OF OUTPATIENT SERVICES INCLUDING OUTPATIENT SURGERY (11,760 SURGERIES), PHYSICIAN OFFICES (177,910 VISITS), AND MANY OTHER SERVICES. SOME OTHER SERVICES INCLUDE CARDIAC CATHETERIZATION, CT SCAN, MRI, NUCLEAR MEDICINE, AND ULTRASOUND.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $197,257

Program Service Revenue $377,781,148

Investment Income $1,869,872

Other Revenue $4,399,653

TOTAL REVENUE $384,247,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $143,556,931

Fundraising Expenses $0

Program Expenses $292,148,557

Other Expenses $205,974,939

TOTAL EXPENSES $349,531,870

Year-over-Year Comparison

	2023	2022	Change
Revenue	$384,247,930	$161,292,804	+1.4%
Expenses	$349,531,870	$170,075,507	+1.1%
Net Income	$34,716,060	$-8,782,703	-5.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

2053

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,546,051

Total Directors

$3,882,667

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM MCBEE JR MD	DIRECTOR, CHIEF OF STAFF	50.00	Director	$2,115,889	$50,841	$2,166,730
DAVID GOLDBERG	DIRECTOR & MHS CEO	1.00	Officer Director	$0	$36,373	$890,036
JOSEPH BLATT MD	DIRECTOR/CHIEF OF STAFF	50.00	Director	$396,955	$22,333	$419,288
KRYSTAL ATKINSON	DIRECTOR & MHMC CAO	1.00	Officer Director	$0	$30,376	$406,613
KIMBERLY MOYERS	CHAIR	1.00	Officer Director	$0	$0	$0
NATALIE STONE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SAM CHICO III	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DONALD ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
PASTOR JUNIUS LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK ESPOSITO II	DIRECTOR	1.00	Director	$0	$0	$0
RANDY BUZZO	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT HULL MD	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN GESSLER	VP OF FINANCE	10.00	Officer	$0	$1,153	$249,402
IHTISHAAM QAZI	PHYSICIAN	50.00	Highest	$1,085,972	$29,115	$1,115,087
JASCHAR SHAKURI-RAD	PHYSICIAN	50.00	Highest	$1,073,023	$30,233	$1,103,256
ALEXANDER NAGY	PHYSICIAN	50.00	Highest	$1,008,711	$59,404	$1,068,115
KRISHNA BINGI	PHYSICIAN	50.00	Highest	$868,068	$49,525	$917,593
SALAM SBAITY	PHYSICIAN	50.00	Highest	$828,729	$25,003	$853,732

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$384,247,930	$349,531,870	$326,526,981	$34,716,060
2022	$316,009,396	$334,885,276	$268,456,681	$-18,875,880
2022	$161,292,804	$170,075,507	$266,380,201	$-8,782,703
2021	$319,939,517	$330,568,870	$321,175,687	$-10,629,353
2020	$298,322,769	$295,992,893	$322,081,355	$2,329,876
2019	$301,119,611	$291,183,298	$305,690,428	$9,936,313
2018	$285,915,541	$295,233,222	$321,331,444	$-9,317,681

MONONGALIA COUNTY GENERAL HOSPITAL CO