Camden-Clark Memorial Hospital Corporation

EIN: 311524546 501(c)(3) Health Care

Parkersburg, WV

Total Revenue
$522,849,968
Total Expenses
$503,369,528
Total Assets
$278,776,030
Net Assets
$-7,828,864
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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
WV
Principal Officer
Kyle Pierson
Phone
3044242202
Tax Period
2024-01-01 to 2024-12-31

Camden-Clark Memorial Hospital Corporation, founded in 1997, is a major nonprofit in the Health Care sector that reported $522.8M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $503.4M left a modest 4% surplus.

Mission

The mission of Camden-Clark Memorial Hospital is to meet the health care needs of our community for a lifetime.

Program Service Accomplishments

Program 1
Expenses: $104,747,872 Revenue: $129,832,568

Camden Clark Memorial Hospital strives to supply a comprehensive range of inpatient, outpatient, outreach clinics, including prevention, guidance, diagnosis, treatment, restoration, rehabilitation...

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Camden Clark Memorial Hospital strives to supply a comprehensive range of inpatient, outpatient, outreach clinics, including prevention, guidance, diagnosis, treatment, restoration, rehabilitation and other efforts as may be required to meet the health care needs of the community and as the hospitals resources will permit. Although reimbursement for services rendered is critical to the operation and stability of the hospital, it is recognized that not all individuals possess the ability to purchase essential medical services. Our mission is to serve the community by providing health care services and health care education. Therefore, in keeping with this commitment to service all members of the community, Camden-Clark Memorial Hospital will provide the following where the individuals need and/or an inability to pay coexist free care and/or subsidized care, and care provided to persons covered by governmental programs at or below cost.

Program 2
Expenses: $22,214,864 Revenue: $28,430,015

Camden-Clark Memorial Hospital is a leader in cancer care for the mid-ohio valley, providing cancer care to patients in a 45 mile radius from the hospital. In addition to a wide range of treatment...

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Camden-Clark Memorial Hospital is a leader in cancer care for the mid-ohio valley, providing cancer care to patients in a 45 mile radius from the hospital. In addition to a wide range of treatment options provided, the hospital offers a number of related services to its patients. Through the hospitals collaboration with the American Cancer Society, the development of the organizations cancer resource center, a hair restoration salon, a patient navigator and an oncology social, the hospital has enhanced the education, navigation and social support of its cancer patients and families. The hospitals community and social services provide a holistic healing environment which includes support groups for patients/families.

Program 3
Expenses: $21,955,256 Revenue: $39,099,540

Camden Clark Memorial Hospital offers emergency room services as part of the hospitals mission of meeting the healthcare needs of the community for a lifetime. Due to the community that it serves...

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Camden Clark Memorial Hospital offers emergency room services as part of the hospitals mission of meeting the healthcare needs of the community for a lifetime. Due to the community that it serves, the majority of patients visiting the ER are either underinsured or uninsured. For the reporting period, there were approximately 42,293 ER visits. A significant portion of the hospitals inpatient volume comes directly from the ER.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $516,562,947
Investment Income $2,411,961
Other Revenue $3,875,060
TOTAL REVENUE $522,849,968

Expense Breakdown

Grants Paid $229,543
Salaries & Benefits $167,534,321
Fundraising Expenses $0
Program Expenses $419,590,087
Other Expenses $335,605,664
TOTAL EXPENSES $503,369,528

Year-over-Year Comparison

2024 2023 Change
Revenue $522,849,968 $461,670,164 +0.1%
Expenses $503,369,528 $450,489,280 +0.1%
Net Income $19,480,440 $11,180,884 +0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
6
Employees
2499
Volunteers
80

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
11
$3,504,869
Total Directors
8
$1,981,571
Key Employees
1
$317,940
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nicholas Barcellona Director, Senior VP CFO, WVUHS 001.00
Director
$0 $193,947 $1,233,901
Steve Altmiller President CEO 040.00
Officer
$794,983 $42,379 $837,362
Matthew Yoak Director, Physician 001.00
Director
$0 $38,060 $747,670
Sharileda Vance Chief Medical Officer 040.00
Officer
$471,970 $66,911 $538,881
Sean Smith CCMC VP Operations/WCH President 020.00
Officer
$230,138 $90,757 $501,718
Kyle Pierson VP Finance - West Region 040.00
Officer
$399,264 $81,414 $480,678
Carol Grove VP Nursing 040.00
Officer
$321,348 $73,334 $394,682
Carlie Lacy VP General Counsel 040.00
Officer
$285,330 $71,167 $356,497
MarJean Kennedy VP Mktg Dev Strat Init 039.00
Key Emp
$272,686 $45,254 $317,940
Dorian Williams AVP Support Services 040.00
Highest
$217,879 $45,046 $262,925
Christopher Childress Director of Pharmacy 040.00
Highest
$216,660 $28,315 $244,975
Rhonda Boso-Suggs AVP Ancillary Services 040.00
Highest
$199,622 $32,336 $231,958
Michelle Gillespie AVP Human Resources 040.00
Highest
$187,422 $42,652 $230,074
Candace White Director Surgical Services 040.00
Highest
$196,022 $20,093 $216,115
Martha Dawson CCMC VP, Quality Patient Safety 001.00
Officer
$173,414 $30,295 $203,709
Cynthia Kern Vice President, Quality Patient Safety 012.00
Officer
$49,164 $27,462 $191,342
Terry W Capel MD Chairman 001.00
Officer Director
$0 $0 $0
Kathy G Eddy Vice Chairman 001.00
Officer Director
$0 $0 $0
Randall E Snider Director - Secretary 001.00
Officer Director
$0 $0 $0
Orton C Armstrong MD Director 001.00
Director
$0 $0 $0
Joe D Campbell Director 001.00
Director
$0 $0 $0
Lynford C Lovell Director 001.00
Director
$0 $0 $0
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 $522,849,968 $503,369,528 $278,776,030 $19,480,440
2023 $461,670,164 $450,489,280 $275,876,513 $11,180,884
2022 $413,288,496 $399,640,057 $262,070,508 $13,648,439
2021 $379,463,836 $366,619,165 $276,143,723 $12,844,671
2020 $341,048,590 $340,973,249 $285,852,885 $75,341
2019 $319,937,453 $307,082,778 $236,758,740 $12,854,675
2018 $276,796,407 $284,248,608 $217,386,406 $-7,452,201
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