St Joseph's Hospital of Buckhannon Inc (EIN 550356996) - Form 990 Financial Analysis & Trantor Score

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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

1989

Legal Domicile

Principal Officer

Ivar Gjolberg

Phone

3044732000

Tax Period

2023-01-01 to 2023-12-31

St Joseph's Hospital of Buckhannon Inc, founded in 1989, is a major nonprofit in the Health Care sector that reported $121.7M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $19.6M, a strong 16% operating margin.

Mission

We are inspired by the love of Christ to provide our community with quality health care in ways that respect the God-given dignity of each person and the sacredness of human life.

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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 $418,306

Program Service Revenue $113,318,511

Investment Income $1,709,796

Other Revenue $6,296,336

TOTAL REVENUE $121,742,949

Expense Breakdown

Grants Paid $16,500

Salaries & Benefits $44,855,282

Fundraising Expenses $0

Program Expenses $91,190,414

Other Expenses $57,281,737

TOTAL EXPENSES $102,153,519

Year-over-Year Comparison

	2023	2022	Change
Revenue	$121,742,949	$107,665,853	+0.1%
Expenses	$102,153,519	$88,888,185	+0.1%
Net Income	$19,589,430	$18,777,668	+0.0%

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

613

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

$1,191,572

Total Directors

$640,674

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Susan Long MD	Physician	040.00	Highest	$921,854	$46,463	$968,317
Jeffrey Michael MD	Physician	040.00	Highest	$487,269	$23,403	$510,672
Jennifer Michael	Physician	040.00	Highest	$444,246	$30,471	$474,717
Ivar Gjolberg	President	040.00	Officer	$375,165	$76,025	$459,948
Matthan Jackson	Hospitalist	040.00	Highest	$423,132	$30,666	$453,798
Ross Knowles MD	Physician	040.00	Highest	$424,269	$25,666	$449,935
Bartley Brown DO	Director	040.00	Director	$366,629	$40,733	$407,362
Robert Romano DO	Physician	040.00	Director	$187,677	$8,918	$196,595
Annamarie Chidester	VP Patient Services	040.00	Officer	$169,958	$25,048	$195,006
Brenda Bauer	VP of Quality	040.00	Officer	$159,195	$28,188	$187,383
Anissa Hite-Davis	VP Human Resources	040.00	Officer	$140,016	$36,242	$176,258
Lisa Wharton	VP, Marketing	040.00	Officer	$120,649	$15,611	$136,260
Sr Francesca Lowis	Director, Secretary	040.00	Officer Director	$35,951	$766	$36,717
Dennis Xander	Chairperson	001.00	Officer Director	$0	$0	$0
Sr Mary Grace Barile	Director	001.00	Director	$0	$0	$0
John Bohman	Director	001.00	Director	$0	$0	$0
Shawn Hanifan	Director	001.00	Director	$0	$0	$0
Don Nestor	Director, Vice Chairperson	001.00	Officer Director	$0	$0	$0
Sam Nolte	Director, Treasurer	001.00	Officer Director	$0	$0	$0
Katharine Wagner	Director	001.00	Director	$0	$0	$0
Kelley Tierney	Director	001.00	Director	$0	$0	$0
Keith Buchanan	Director	001.00	Director	$0	$0	$0
Russ Collett	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	No data	No data	No data	No data
2023	$121,742,949	$102,153,519	$111,191,719	$19,589,430
2022	$107,665,853	$88,888,185	$91,199,382	$18,777,668
2021	$91,224,270	$77,787,929	$76,723,048	$13,436,341
2020	$77,330,909	$64,406,819	$62,494,414	$12,924,090
2019	$71,620,100	$64,355,861	$46,795,153	$7,264,239
2018	$58,492,157	$53,151,586	$43,900,190	$5,340,571

St Joseph's Hospital of Buckhannon Inc