BROADDUS HOSPITAL ASSOCIATION INC

EIN: 550379108 501(c)(3) Health Care

PHILIPPI, WV

Total Revenue
$22,158,539
Total Expenses
$22,799,644
Total Assets
$14,541,312
Net Assets
$9,290,816
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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
1954
Legal Domicile
WV
Principal Officer
DANA GOULD
Phone
3044571760
Tax Period
2023-01-01 to 2023-12-31

BROADDUS HOSPITAL ASSOCIATION INC, founded in 1954, is a mid-sized nonprofit in the Health Care sector that reported $22.2M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

BROADDUS HOSPITAL IS THE PRIMARY PROVIDER OF HEALTH CARE SERVICES IN BARBOUR COUNTY.

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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 $0
Program Service Revenue $21,694,724
Investment Income $141,487
Other Revenue $322,328
TOTAL REVENUE $22,158,539

Expense Breakdown

Grants Paid $0
Salaries & Benefits $13,982,257
Fundraising Expenses $0
Program Expenses $18,067,571
Other Expenses $8,817,387
TOTAL EXPENSES $22,799,644

Year-over-Year Comparison

2023 2022 Change
Revenue $22,158,539 $24,269,015 -0.1%
Expenses $22,799,644 $21,868,214 +0.0%
Net Income $-641,105 $2,400,801 -1.3%
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

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Governance

Voting Members
9
Independent Members
6
Employees
269
Volunteers
8

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
6
$674,468
Total Directors
11
$501,653
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VANCE JACKSON DHS CEO 1.00
Officer Director
$0 $16,877 $332,419
WILLIAM KOCH VP OF FINANCE AND CFO 5.00
Officer Director
$0 $1,587 $166,601
DANNY FRANKE VICE-CHAIRMAN 2.00
Officer Director
$0 $0 $2,633
JOYCE WILSON SECRETARY (END 08/23) 1.00
Officer Director
$0 $0 $0
MARY BETH LIND CHAIRMAN 3.00
Officer Director
$0 $0 $0
AARON NORRIS MD BOARD MEMBER 1.00
Director
$0 $0 $0
CRYSTAL GRAY BOARD MEMBER 1.00
Director
$0 $0 $0
DONNA PHILLIPS BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF POWELSON BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN SHAFFER BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS HOXIE BOARD MEMBER (END 08/23) 1.00
Director
$0 $0 $0
DANA GOULD CEO 40.00
Officer
$0 $2,884 $172,815
GWENDOLYN DEMARCO CLINICAL SUPERVISOR 40.00
Highest
$122,904 $20,717 $143,621
LINDA MAYLE CHARGE RN 40.00
Highest
$115,784 $20,723 $136,507
EMILY STARKS NURSE PRACTITIONER 40.00
Highest
$128,359 $7,086 $135,445
LESA CORLEY DIRECTOR OF NURSING 40.00
Highest
$113,553 $20,955 $134,508
TRACI FURBY RN ED NURSE 40.00
Highest
$125,087 $0 $125,087
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 $22,158,539 $22,799,644 $14,541,312 $-641,105
2022 $24,269,015 $21,868,214 $12,404,769 $2,400,801
2021 $24,297,710 $21,660,759 $15,616,403 $2,636,951
2020 $20,063,180 $19,721,102 $14,498,556 $342,078
2019 $19,367,911 $19,082,364 $10,713,841 $285,547
2018 $19,177,942 $18,516,360 $10,541,971 $661,582
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