CHARLESTON, WV
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WEST VIRGINIA STATE MEDICAL ASSOCIATION, founded in 1926, is a small nonprofit that reported $471K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $530K exceeded revenue, resulting in a 12% operating deficit.
THE WEST VIRGINIA STATE MEDICAL ASSOCIATION IS ORGANIZED FOR THE PURPOSE OF PROVIDING SERVICES TO ITS MEMBERS, WHO ARE ALL EITHER PHYSICIANS PRACTICING IN THE STATE OF WEST VIRGINIA OR MEDICAL STUDENTS. SPECIFICALLY, THE ASSOCIATION SERVES THE MEDICAL PROFESSION OF THE STATE BY CARRYING OUT ITS STATED OBJECTIVES OF REPRESENTING COLLECTIVELY THE ENTIRE MEDICAL PROFESSION, EXTENDING MEDICAL KNOWLEDGE, ADVANCING MEDICAL SCIENCE, AND PROMOTING PUBLIC HEALTH.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $470,892 | $558,737 | -0.2% |
| Expenses | $529,732 | $592,403 | -0.1% |
| Net Income | $-58,840 | $-33,666 | +0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SUZANNE GHARIB | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOE PRUD'HOME | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARY PAYNE | AT LARGE TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| SCOTT GIBBS | AT LARGE TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| HANIA WOOMER | MEDICAL STUDENT TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LAURA DAVISSON | AT LARGE TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRIS GOODE | LEGISLATIVE CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANN MURRAY | MEMBERSHIP CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES FELSEN | DISTRICT 3 TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| AHMED HAQUE | POST GRADUATE TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MATTHEW DAVIS | DISTRICT 4 TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| AUDRA PRITT | DISTRICT 5 | 1.00 |
Director
|
$0 | $0 | $0 |
| LETITIA TIERNEY | TREASURER TRUSTEE | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN BRICK | WVU DEAN'S APPOINTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSEPH WERTHAMMER | MARSHALL DEAN'S APPOINTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LISA COSTELLO | PAST PRESIDENT | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN LAW | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$101,000 | $3,030 | $104,030 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $470,892 | $529,732 | $904,824 | $-58,840 |
| 2022 | $558,737 | $592,403 | $973,143 | $-33,666 |
| 2021 | $742,803 | $677,432 | $1,028,929 | $65,371 |
| 2020 | $605,178 | $623,802 | $960,066 | $-18,624 |
| 2019 | $743,391 | $936,982 | $1,097,841 | $-193,591 |
| 2018 | $1,611,435 | $1,149,424 | $1,421,671 | $462,011 |
Compare WEST VIRGINIA STATE MEDICAL ASSOCIATION with other nonprofits in West Virginia and across the country.