PARKVIEW WABASH HOSPITAL INC

EIN: 471753440 501(c)(3) Health Care

WABASH, IN

Total Revenue
$68,700,551
Total Expenses
$64,908,079
Total Assets
$41,251,499
Net Assets
$-4,710,983
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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
IN
Principal Officer
GREG JOHNSON
Phone
2603738429
Tax Period
2023-01-01 to 2023-12-31

PARKVIEW WABASH HOSPITAL INC, founded in 2014, is a mid-sized nonprofit in the Health Care sector that reported $68.7M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $64.9M left a modest 6% surplus.

Mission

PARKVIEW WABASH HOSPITAL, INC. WORKS TO IMPROVE THE HEALTH OF OUR COMMUNITIES AND PROVIDES QUALITY HEALTH SERVICES TO ALL WHO ENTRUST THEIR CARE TO US.

Program Service Accomplishments

Program 1
Expenses: $53,833,736 Revenue: $68,136,159

PARKVIEW WABASH HOSPITAL, INC. IS A 25-BED, CRITICAL ACCESS HOSPITAL. THE CAMPUS INCLUDES A TWO-STORY 82,000-SQUARE-FOOT HOSPITAL AND A 31,000-SQUARE-FOOT MEDICAL OFFICE BUILDING, HOME TO PARKVIEW...

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PARKVIEW WABASH HOSPITAL, INC. IS A 25-BED, CRITICAL ACCESS HOSPITAL. THE CAMPUS INCLUDES A TWO-STORY 82,000-SQUARE-FOOT HOSPITAL AND A 31,000-SQUARE-FOOT MEDICAL OFFICE BUILDING, HOME TO PARKVIEW PHYSICIANS GROUP AND SERVICES. THE HOSPITAL FEATURES AMENITIES BEYOND THE TYPICAL MEDICAL SERVICES (DESCRIBED BELOW) TO INCLUDE A FULL-SERVICE CAFE, CHAPEL, GIFT SHOP AND HALF-MILE PAVED WALKING PATH. THE PRIMARY SERVICE AREA INCLUDES ALL OF WABASH COUNTY, WITH EXPANSION INTO MIAMI COUNTY IN 2023. (SEE SCHEDULE O FOR CONTINUATION)SERVICES OFFERED:OUR PRIMARY SERVICE AREA INCLUDES 31,032 (2022) RESIDENTS OF WABASH COUNTY. THOSE RESIDENTS HAVE ACCESS TO CARE CLOSE TO HOME. IN ADDITION TO 18 INPATIENT BEDS EQUIPPED WITH "SMART BEDS AND A CENTRAL MONITORING SYSTEM, PARKVIEW WABASH HOSPITAL, INC. OFFERS MANY OUTPATIENT SERVICES.A NINE-BED EMERGENCY DEPARTMENT IS STAFFED 24 HOURS A DAY, 365 DAYS A YEAR BY BOARD-CERTIFIED PHYSICIANS AND REGISTERED NURSES WHO ARE TRAINED IN EMERGENCY MEDICINE AND CARE. THE ROOMS INCLUDE A TRAUMA ROOM AND A "SAFE ROOM" FOR PATIENTS WHO MAY BE EXPERIENCEING A BEHAVIORAL HEALTH CRISIS.TWO SURGICAL SUITES AND SIX PRIVATE PRE-/POST-OP ROOMS MAKE UP OUR SURGERY DEPARTMENT. SURGICAL SERVICES INCLUDE GENERAL SURGERY, UROLOGY, ENDOSCOPY, ENT, GYNECOLOGY, ORTHOPEDICS AND COLORECTAL. WE PERFORM LAPARASCOPIC AND ENDOSCOPIC PROCEDURES AND OFFER 24-HOUR COVERAGE.PARKVIEW WABASH HOSPITAL, INC. PROVIDES A FULL BREADTH OF REHABILITATIVE SERVICES - BOTH INPATIENT AND OUTPATIENT. THE REHAB PLACE OF PARKVIEW WABASH HOSPITAL, LOCATED AT THE WABASH COUNTY YMCA, OFFERS PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY, AQUATIC REHAB, WOMEN'S HEALTH THERAPY AND SPORTS MEDICINE. OUR INPATIENT AND SWING BED PROGRAMS INCLUDE PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY AS WELL. ADDITIONALLY, WE OFFER OUTPATIENT CARDIAC AND PULMONARY REHABILITATION.PATIENTS WHO MAY REQUIRE INTRAVENOUS CHEMOTHERAPY, INTRAVENOUS HYDRATION OR OTHER MEDICATIONS, PORT PLACMENTS OR BLOOD TRANSFUSIONS CAN STAY CLOSE TO HOME AND BE CARED FOR IN OUR OUTPATIENT INFUSION DEPARTMENT.THE HOSPITAL OFFERS A WIDE RANGE OF OUTPATIENT DIAGNOSTIC SERVICES FROM ADVANCED IMAGING - CT, MRI AND NUCLEAR MEDICINE - TO CARDIAC MONITORING, PULMONARY FUNCTION TESTING, VASCULAR AND HEARTSMART SCREENING, AS WELL AS AN IMAGING CENTER WITH 3D MAMMOGRAPHY, BONE DENSITY SCANNING AND ULTRASOUND. WE ALSO OFFER A FULL-SERVICE LABORATORY.PARKVIEW WABASH HOSPITAL, INC., IN PARTNERSHIP WITH PARKVIEW BEHAVIORAL HEALTH, OFFERS OUTPATIENT ALCOHOL AND OPIOID DEPENDENCY MEDICATION TREATMENT. IN 2023, NUMBERS ENROLLED IN THE PROGRAM GREW SUBSTANTIALLY AND WARRANTED A PHYSICAL EXPANSION OF THE DEPARTMENT. INTENSIVE OUTPATIENT GROUP TREATMENT OFFERS THREE PHASES OF GROUP SESSIONS FOR TREATMENT, ENABLING PATIENTS TO ENGAGE IN DAILY ROUTINES AND CONTINUE LIVING AT HOME. ANOTHER LONG-STANDING BEHAVIORAL HEALTH SERVICE IS LIFEBRIDGE OUTPATIENT PROGRAM FOR SENIORS, WHICH OFFERS MEDICAL MANAGEMENT AND GROUP/INDIVIDUAL THERAPY FOR THOSE OLDER THAN 65.OTHER SERVICES INCLUDE AN ATU WALK-IN CLINIC TO ASSIST WARFARIN PATIENTS AND MONITOR BLOOD-THINNER MEDICATION DOSING; AN ON-SITE SLEEP CENTER AS WELL AS HOME SLEEP STUDIES TO DIAGNOSE AND TREAT SLEEP-RELATED DISORDERS; AND NUMEROUS PHYSICIAN SPECIALITY CLINICS.FINANCIAL POLICY:PARKVIEW WABASH HOSPITAL, INC. IS COMMITTED TO MAKING HEALTHCARE ACCESSIBLE TO THOSE WHO NEED IT, REGARDLESS OF THEIR HEALTH STATUS OR ABILITY TO PAY. WITH OUR FINANCIAL ASSISTANCE, PATIENTS CAN RECEIVE THE PARKVIEW CARE THEY EXPECT - NO MATTER WHAT FINANCIAL OBSTACLES THEY MIGHT FACE. OUR FINANCIAL ASSISTANCE SERVICES INCLUDE USING FAIR AND CONSISTENT BILLING AND COLLECTION PRACTICES, INCLUDING CHARITABLE CARE AND FINANCIAL ASSISTANCE POLICIES AND A STANDARD APPLICATION PROCESS; AND PROVIDING EMERGENCY CARE, REGARDLESS OF ABILITY TO PAY.ANY PATIENT EXPERIENCING FINANCIAL HARDSHIP CAN REACH OUR SINGLE BILLING OFFICE TO DISCUSS OPTIONS AT 260-266-6700 OR TOLL-FREE AT 855-814-0012. COMMUNITY BENEFIT: PARKVIEW WABASH HOSPITAL, INC.'S COMMITMENT TO IMPROVING HEALTH AND INSPIRING WELL-BEING EXTENDS BEYOND THE HOSPITAL WALLS AND THROUGHOUT OUR COMMUNITY. THROUGH PARKVIEW'S COMMUNITY HEALTH IMPROVEMENT (CHI) PROGRAM, PARKVIEW WABASH HOSPITAL, INC. COLLABORATES WITH OTHERS INSIDE AND OUTSIDE THE HEALTH SYSTEM WHO SHARE PARKVIEW'S MISSION AND VALUES. FUNDED BY A PERCENTAGE OF PARKVIEW'S NET OPERATING SURPLUS, CHI STRATEGICALLY REINVESTS DOLLARS INTO COMMUNITY ORGANIZATIONS AND INITIATIVES THAT ADDRESS THE GREATEST HEALTH NEEDS OUTLINED BY THE HOSPITALS MOST RECENT TRIENNIAL COMMUNITY HEALTH NEEDS ASSESSMENT (CHNA). BASED ON THE 2022 CHNA RESULTS, THE TOP THREE HEALTH CONCERNS FOR PARKVIEW WABASH HOSPITAL, INC. ARE MENTAL HEALTH, SUBSTANCE USE AND OBESITY. BASED UPON THESE RESULTS, PARKVIEW WABASH HOSPITAL, INC. CREATES AN IMPLEMENTATION STRATEGY THAT SERVES AS AN IN-DEPTH PLAN DEFINING HOW WE PLAN TO ADDRESS EACH IDENTIFIED HEALTH NEED. WE ARE DEDICATED TO IMPROVING AND INSPIRING THE HEALTH OF THE COMMUNITIES WE SERVE. WE ACCOMPLISH THIS THROUGH DELIVERING WORLD-CLASS TEAMWORK AND EXCELLENT CARE. WE PARTNER WITH PATIENTS AND OTHER COMMUNITY ORGANIZATIONS TO TAILOR PERSONALIZED HEALTH JOURNEYS. EXCELLENCE, INNOVATION AND VALUE ARE IMPORTANT TO OUR PATIENTS AND TO US. OUR CARE IS DELIVERED WHILE ALWAYS KEEPING IN MIND CONVENIENCE, COMPASSION AND EXCELLENCE BOTH IN COST AND QUALITY. WE DEVELOP AND VALUE RELATIONSHIPS WITH OUR PATIENTS AND OUR COMMUNITY.AWARDS:PARKVIEW WABASH HOSPITAL, INC., WAS AWARDED THE FOLLOWING ACCOLADES DURING 2023:-BECKER'S "TOP HOSPITALS FOR STAFF RESPONSIVENESS"-NRC HEALTH "EXCELLENCE IN PATIENT EXPERIENCE" AWARD-DR. ERIC REICHENBACH, FAMILY PHYSICIAN AT PPG NORTH MANCHESTER, RECEIVED THE "OUTSTANDING RURAL PROVIDER AWARD" FROM THE INDIANA RURAL HEALTH ASSOCIATION.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $353,179
Program Service Revenue $68,136,159
Investment Income $-1,918
Other Revenue $213,131
TOTAL REVENUE $68,700,551

Expense Breakdown

Grants Paid $372,384
Salaries & Benefits $18,940,027
Fundraising Expenses $0
Program Expenses $53,833,736
Other Expenses $45,595,668
TOTAL EXPENSES $64,908,079

Year-over-Year Comparison

2023 2022 Change
Revenue $68,700,551 $62,067,634 +0.1%
Expenses $64,908,079 $61,598,422 +0.1%
Net Income $3,792,472 $469,212 +7.1%
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
12
Independent Members
8
Employees
242
Volunteers
20

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
6
$3,916,931
Total Directors
12
$2,068,864
Key Employees
1
$239,194
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUGLAS SPARKS DIRECTOR/PH PHYSICIAN 1.00
Director
$22,778 $64,808 $561,079
DEBRA POTEMPA DIRECTOR/MARKET PRESIDENT 37.00
Officer Director
$312,151 $67,387 $379,538
WILLIAM RAUH DIRECTOR/WBHOS CONTRACTED PHYSICIAN 1.00
Director
$11,000 $0 $11,000
HOWARD HALDERMAN DIRECTOR 1.00
Director
$5,000 $0 $7,000
KEVIN BOWMAN DIRECTOR/SECRETARY/TREASURER 1.00
Officer Director
$4,500 $0 $4,500
KELLY STOUFFER DIRECTOR/VICE CHAIR 1.00
Officer Director
$4,500 $0 $4,500
KENT TERRILL DIRECTOR/CHAIR 1.00
Officer Director
$6,000 $0 $7,500
ROGER CROMER DIRECTOR 1.00
Director
$4,250 $0 $4,250
PATTY GRANT DIRECTOR 1.00
Director
$4,500 $0 $4,500
BENJAMIN VANDERPOOL DIRECTOR 1.00
Director
$4,250 $0 $4,250
CELIA COOK-HUFFMAN DIRECTOR 1.00
Director
$3,250 $0 $3,250
GREG JOHNSON DIRECTOR/REGIONAL MARKET PRESIDENT 1.00
Officer Director
$0 $189,006 $1,077,497
JEANNE' WICKENS PH CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $277,888 $2,443,396
CATHY WOLFE WBHOS VP PATIENT CARE SVCS 39.00
Key Emp
$198,936 $31,845 $239,194
PAULA OPHEIM WBHOS MGR PHARMACY 40.00
Highest
$188,296 $30,217 $218,513
JAMI METZGER WBHOS NURSE PRACTITIONER 39.00
Highest
$168,123 $51,672 $222,367
GRACE STANLEY WBHOS NURSE PRACTITIONER 40.00
Highest
$157,381 $26,545 $183,926
MELANIE ZOLMAN WBHOS NURSE PRACTITIONER 40.00
Highest
$155,237 $23,316 $178,553
REBECCA WHITE WBHOS REGISTERED NURSE 39.00
Highest
$133,648 $21,963 $165,111
MICHAEL PACKNETT FORMER OFFICER/RETIRED PH CEO 0.00
$0 $29,253 $5,063,462
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 $68,700,551 $64,908,079 $41,251,499 $3,792,472
2022 $62,067,634 $61,598,422 $43,274,746 $469,212
2021 $66,290,497 $56,445,516 $48,953,118 $9,844,981
2020 $57,475,197 $55,718,573 $49,924,392 $1,756,624
2019 $55,826,822 $59,864,287 $52,040,954 $-4,037,465
2019 $55,826,822 $59,864,287 $52,040,954 $-4,037,465
2018 $46,466,347 $54,519,613 $52,925,711 $-8,053,266
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