DAVIS MEMORIAL HOSPITAL (EIN 550375433) - 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

1903

Legal Domicile

Principal Officer

MARK DOAK

Phone

3046363300

Tax Period

2023-01-01 to 2023-12-31

DAVIS MEMORIAL HOSPITAL, founded in 1903, is a major nonprofit in the Health Care sector that reported $107.5M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $136.2M exceeded revenue, resulting in a 27% operating deficit.

Mission

TO PROVIDE QUALITY HEALTH CARE TO RESIDENTS OF ELKINS, WEST VIRGINIA AND SURROUNDING COMMUNITIES.

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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 $39,490

Program Service Revenue $104,381,650

Investment Income $369,577

Other Revenue $2,673,491

TOTAL REVENUE $107,464,208

Expense Breakdown

Grants Paid $32,619

Salaries & Benefits $66,961,917

Fundraising Expenses $0

Program Expenses $99,919,742

Other Expenses $69,223,645

TOTAL EXPENSES $136,218,181

Year-over-Year Comparison

	2023	2022	Change
Revenue	$107,464,208	$116,156,825	-0.1%
Expenses	$136,218,181	$138,191,455	0.0%
Net Income	$-28,753,973	$-22,034,630	+0.3%

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

1050

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

$629,887

Total Directors

$1,363,853

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMANDA PENNINGTON MD	BOARD MEMBER	40.00	Director	$488,533	$27,396	$515,929
VANCE JACKSON	DHS CEO (END 06/24)	35.00	Officer Director	$315,542	$16,877	$332,419
MISHA PHILLIPS-LEE	BOARD MEMBER	1.00	Director	$194,879	$20,525	$215,404
WILLIAM KOCH	VP OF FINANCE AND CFO	25.00	Officer Director	$165,014	$1,587	$166,601
DREW PINGLEY MSN RN	VICE CHAIRMAN	40.00	Officer Director	$107,926	$22,941	$130,867
DANNY FRANKE	BOARD MEMBER (START 10/23)	14.00	Director	$2,633	$0	$2,633
JAMES TRIPLETT	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHAD SHOEMAKER	BOARD MEMBER	1.00	Director	$0	$0	$0
CONNIE TENNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DENISE CAMPBELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHANNA BIOLA MD	BOARD MEMBER (END 03/23)	40.00	Director	$0	$0	$0
TOM FELTON	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS BENZ	PHYSICIAN	40.00	Highest	$803,581	$28,309	$831,890
MOHAMED FAHIM	PHYSICIAN	40.00	Highest	$646,063	$30,019	$676,082
GARRETT BUTLER	PHYSICIAN	40.00	Highest	$514,699	$28,287	$542,986
ARTHUR FINE	PHYSICIAN	40.00	Highest	$495,095	$23,195	$518,290
MICHAEL GALLOWAY	PHYSICIAN	40.00	Highest	$464,847	$25,804	$490,651

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	$107,464,208	$136,218,181	$50,342,111	$-28,753,973
2022	$116,156,825	$138,191,455	$85,218,888	$-22,034,630
2021	$132,771,880	$128,211,950	$100,814,296	$4,559,930
2020	$120,748,268	$117,914,456	$99,450,993	$2,833,812
2019	$114,985,685	$117,454,167	$86,716,738	$-2,468,482
2018	$112,887,628	$113,944,595	$87,088,971	$-1,056,967

DAVIS MEMORIAL HOSPITAL