CHARLESTON, WV
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WEST VIRGINIA HOSPITAL ASSOCIATION, founded in 1950, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.3M, a strong 24% operating margin.
THE MISSION OF THE ASSOCIATION IS TO SUPPORT ITS MEMBERS IN ACHIEVING A STRONG, HEALTHY WEST VIRGINIA: TO PROVIDE LEADERSHIP IN HEALTHCARE ADVOCACY, EDUCATION, INFORMATION AND TECHNICAL ASSISTANCE. TO BE A CATALYST FOR EFFECTIVE CHANGE THROUGH COLLABORATION, CONSENSUS-BUILDING AND A FOCUS ON DESIRED OUTCOMES.
THE WVHA PROVIDES ITS SERVICES TO MEMBERS WHO IN RETURN PAY YEARLY DUES. THE ORGANIZATION PROVIDED MEMBERS WITH LEADERSHIP IN HEALTH CARE ADVOCACY, EDUCATION, AS WELL AS INFORMATION AND TECHNICAL...
THE WVHA PROVIDES ITS SERVICES TO MEMBERS WHO IN RETURN PAY YEARLY DUES. THE ORGANIZATION PROVIDED MEMBERS WITH LEADERSHIP IN HEALTH CARE ADVOCACY, EDUCATION, AS WELL AS INFORMATION AND TECHNICAL ASSISTANCE. THE ORGANIZATION ALSO SERVED AS A CATALYST FOR EFFECTIVE CHANGE THROUGH COLLABORATION, CONSENSUS BUILDING AND A FOCUS ON DESIRED OUTCOMES. MEMBERS OF THE WVHA BELIEVE IT IS ESSENTIAL, IN THE INTEREST OF THE CITIZENS, OF WEST VIRGINIA, TO HAVE A STRONG, HEALTHCARE SYSTEM THAT SUPPORTS AND IMPROVES THE HEALTH STATUS OF THE PEOPLE SERVED BY MEMBER HOSPITALS AND THE ECONOMIC CONDITION OF THE STATE. THE WVHA SEEKS TO ESTABLISH AND MAINTAIN TRUST AMONG MEMBER PROVIDERS, POLICYMAKERS, AND THE PUBLIC THROUGH ACTIONS, SENSITIVITY, PROFESSIONALISM, AND COMMUNITY-MINDED COMMITMENT TO SERVICE.
THE WVHA OFFERS A PROGRAM TO MEMBERS IN ORDER TO TRACK THE DATA THAT IS ASSOCIATED WITH MAINTAINING ACCREDITATION THROUGH THE JOINT COMMISSION ON ACCREDITATION OF HEALTHCARE ORGANIZATIONS (JCAHO)...
THE WVHA OFFERS A PROGRAM TO MEMBERS IN ORDER TO TRACK THE DATA THAT IS ASSOCIATED WITH MAINTAINING ACCREDITATION THROUGH THE JOINT COMMISSION ON ACCREDITATION OF HEALTHCARE ORGANIZATIONS (JCAHO) QUALITY STANDARDS.
THE WVHA OFFERS AN ADDITIONAL CRITICAL ACCESS HOSPITAL (CAH) ASSESSMENT TO SMALLER, RURAL MEMBER HOSPITALS. CRITICAL ACCESS HOSPITALS ARE CERTIFIED TO RECEIVE COST-BASED REIMBURSEMENT FROM MEDICARE...
THE WVHA OFFERS AN ADDITIONAL CRITICAL ACCESS HOSPITAL (CAH) ASSESSMENT TO SMALLER, RURAL MEMBER HOSPITALS. CRITICAL ACCESS HOSPITALS ARE CERTIFIED TO RECEIVE COST-BASED REIMBURSEMENT FROM MEDICARE WHICH IS INTENDED TO IMPROVE THE HOSPITALS' FINANCIAL PERFORMANCE AND REDUCE HOSPITAL CLOSURES. A WVHA DIRECTOR SPECIFICALLY IN CHARGE OF THE CAH ASSESSMENT IS DEDICATED TO MAINTAINING THESE HOSPITALS' SPECIFIC NEEDS.
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 | $5,580,548 | $4,945,427 | +0.1% |
| Expenses | $4,269,009 | $3,673,704 | +0.2% |
| Net Income | $1,311,539 | $1,271,723 | +0.0% |
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 |
|---|---|---|---|---|---|---|
| M JAMES KAUFMAN PHD | PRESIDENT & CEO, SECRETARY | 30.00 |
Officer
Director
|
$586,192 | $89,613 | $675,805 |
| JAMES KRANZ | VICE PRESIDENT, QUALITY & DATA | 40.00 |
Key Emp
|
$261,731 | $54,837 | $316,568 |
| ANTONIOS J GREGORY | VICE PRESIDENT, LEGISLATIVE AFFAIRS | 40.00 |
Key Emp
|
$263,709 | $50,275 | $313,984 |
| MELANIE I DEMPSEY | VICE PRESIDENT, FINANCIAL POLICY | 40.00 |
Officer
|
$284,136 | $27,931 | $312,067 |
| JOSEPH M LETNAUNCHYN | FORMER PRESIDENT/CEO | 0.00 |
|
$228,184 | $0 | $228,184 |
| BRANDON HATFIELD | VICE PRESIDENT, GENERAL COUNSEL | 40.00 |
Highest
|
$168,259 | $28,591 | $196,850 |
| JANICE B FINK | CONTROLLER | 40.00 |
Highest
|
$155,586 | $40,524 | $196,110 |
| IVAR GJOLBERG | CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANDREW WEBER | IMMEDIATE PAST CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID GOLDBERG | VICE CHAIR/TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| DOUG BENTZ | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| FRANK WEBER | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| STEVE ALTMILLER | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| JEREMY HALL | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| KEVIN YINGLING RPH MD FACP | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| KAREN BOWLING | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| ALBERT WRIGHT | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| DOUGLASS HARRISON | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| DAVID RAMSEY | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| ANGELA SWEARINGEN | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN WHITED | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| VIRGIL UNDERWOOD | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $5,580,548 | $4,269,009 | $20,700,109 | $1,311,539 |
| 2022 | $4,945,427 | $3,673,704 | $17,472,508 | $1,271,723 |
| 2021 | $5,123,155 | $3,772,843 | $17,070,057 | $1,350,312 |
| 2020 | $4,648,385 | $4,455,100 | $14,077,063 | $193,285 |
| 2019 | $4,321,727 | $4,445,122 | $13,782,035 | $-123,395 |
| 2018 | $4,078,145 | $3,736,418 | $12,918,594 | $341,727 |
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