Reynolds Memorial Hospital Inc

EIN: 550357045 501(c)(3) Health Care

Glen Dale, WV

Total Revenue
$150,396,220
Total Expenses
$143,422,836
Total Assets
$85,019,384
Net Assets
$34,368,257
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1905
Legal Domicile
WV
Principal Officer
Douglass Harrison
Phone
3048453211
Tax Period
2023-01-01 to 2023-12-31

Reynolds Memorial Hospital Inc, founded in 1905, is a major nonprofit in the Health Care sector that reported $150.4M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $143.4M left a modest 5% surplus.

Mission

To provide quality care to patients and the community at a reasonable cost.

Program Service Accomplishments

Program 1
Expenses: $16,201,726 Revenue: $18,073,803

Our hospitalist team is staffed with internal medicine trained physicians and mid-level providers who work closely with nurses and other ancillary staff to provide a multi-disciplinary approach to...

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Our hospitalist team is staffed with internal medicine trained physicians and mid-level providers who work closely with nurses and other ancillary staff to provide a multi-disciplinary approach to adult patient care. We provide care for a wide range of patients with multiple disease processes including but not limited to critical care, cardiac, pulmonary, nephrology, infectious disease, orthopedic, and gastroenterological conditions. Our team has the ability to provide bedside diagnostic procedures such as paracentesis and thoracentesis to help aid in diagnosis and treatment of our patients. We also have two outpatient internal medicine clinics that see patients throughout the year. In 2023, these outpatient clinics had 5,265 patient visits.

Program 2
Expenses: $11,480,856 Revenue: $16,555,515

Our medical oncology and hematology clinic is staffed by an experienced team of physician, nurses, therapists, social workers and other clinical staff. Our 3,606 square-foot facility includes a five...

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Our medical oncology and hematology clinic is staffed by an experienced team of physician, nurses, therapists, social workers and other clinical staff. Our 3,606 square-foot facility includes a five chair infusion room, two private infusion rooms, and two patient exam rooms. Infusion treatments include chemotherapy, biotherapy, monoclonal antibodies, immunotherapy, hormonal therapy, therapeutic phlebotomy, vitamin therapy, and more. The cancer institute also provides supportive care for patients undergoing chemotherapy, which includes IV hydration, electrolyte replacements, and growth factors. The hematology and oncology clinic had 4,473 patient visits in 2023.

Program 3
Expenses: $11,172,582 Revenue: $21,032,255

The Emergency Department at Reynolds Memorial provides emergent care 24 hours a day, every day. The emergency department had 23,486 patient visits in 2023.

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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 (2023)

Revenue Breakdown

Contributions & Grants $888,176
Program Service Revenue $147,651,661
Investment Income $964,611
Other Revenue $891,772
TOTAL REVENUE $150,396,220

Expense Breakdown

Grants Paid $57,008
Salaries & Benefits $70,886,730
Fundraising Expenses $0
Program Expenses $117,204,844
Other Expenses $72,479,098
TOTAL EXPENSES $143,422,836

Year-over-Year Comparison

2023 2022 Change
Revenue $150,396,220 $137,313,344 +0.1%
Expenses $143,422,836 $125,989,182 +0.1%
Net Income $6,973,384 $11,324,162 -0.4%
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
11
Independent Members
10
Employees
947
Volunteers
26

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
3
$1,366,528
Total Directors
11
$749,529
Key Employees
1
$184,266
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Myers Physician 040.00
Highest
$906,473 $44,893 $951,366
David Hess CEO - United Hospital Center RMH CEO 2021 N/A
$0 $129,652 $829,662
Matthew Watkins Physician 040.00
Highest
$756,635 $46,258 $802,893
Douglass Harrison President 016.00
Officer
$258,534 $119,472 $765,807
Nabiel Alkhouri Physician 040.00
Highest
$714,597 $46,463 $761,060
Benjamin Gerber Director 002.00
Director
$0 $121,444 $749,529
Matthew Metz Physician 040.00
Highest
$597,827 $46,338 $644,165
Frank Schiebel Physician 040.00
Highest
$515,955 $46,262 $562,217
Anthony Martinelli VP Chief Operating Officer 040.00
Officer
$265,739 $41,306 $307,045
Mike Ortiz VP Clinical Operations January - October 040.00
Officer
$265,954 $27,722 $293,676
Alex Inclan Director of Accounting Controller 040.00
Key Emp
$147,146 $37,120 $184,266
Reverend Bruce Bevans Director 002.00
Director
$0 $0 $0
Zachary Blair Director 002.00
Director
$0 $0 $0
Diana Harto Director 002.00
Director
$0 $0 $0
Jeffrey V Kessler Director 002.00
Director
$0 $0 $0
Michael L McCoy Director 002.00
Director
$0 $0 $0
Eric Tucker Director 002.00
Director
$0 $0 $0
Bernard P Twigg Director 002.00
Director
$0 $0 $0
Rudy E Zatezalo Director 002.00
Director
$0 $0 $0
Joshua Jefferson Director 002.00
Director
$0 $0 $0
Bishop Matthew Cowden Director 002.00
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 $150,396,220 $143,422,836 $85,019,384 $6,973,384
2022 $137,313,344 $125,989,182 $76,437,176 $11,324,162
2021 $122,482,209 $112,779,322 $68,940,537 $9,702,887
2020 $104,118,804 $94,041,684 $64,032,128 $10,077,120
2019 $69,218,202 $71,197,539 $25,848,737 $-1,979,337
2018 $53,864,389 $55,993,088 $25,545,666 $-2,128,699
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