WEIRTON MEDICAL CENTER INC

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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

1949

Legal Domicile

Principal Officer

JOHN FRANKOVITCH

Phone

3047976000

Tax Period

2022-07-01 to 2023-06-30

WEIRTON MEDICAL CENTER INC, founded in 1949, is a major nonprofit in the Health Care sector that reported $226.4M in total revenue in fiscal year 2022.

Mission

WEIRTON MEDICAL CENTER, IN PARTNERSHIP WITH PHYSICIANS, WILL LEAD THE TRI-STATE AREA IN THE PROVISION OF COORDINATED, SAFE, EFFECTIVE, QUALITY HEALTHCARE SERVICES THROUGH A PROCESS OF TEAMWORK, INNOVATION, AND CONTINUOUS IMPROVEMENT.

Program Service Accomplishments

Program 1

Expenses: $174,408,582 Revenue: $224,797,699

THE MEDICAL CENTER PROVIDED INPATIENT, OUTPATIENT, EMERGENCY, PSYCHIATRIC, HOME HEALTH, PHYSICIAN AND SKILLED NURSING SERVICES INCLUDING 32,635 INPATIENT DAYS, 499,463 OUTPATIENT VISITS, 35,065...

THE MEDICAL CENTER PROVIDED INPATIENT, OUTPATIENT, EMERGENCY, PSYCHIATRIC, HOME HEALTH, PHYSICIAN AND SKILLED NURSING SERVICES INCLUDING 32,635 INPATIENT DAYS, 499,463 OUTPATIENT VISITS, 35,065 EMERGENCY ROOM VISITS AND 41,555 HOME HEALTH VISITS. CHARGES FOREGONE FOR CHARITY AMOUNTED TO $5,369,065.

Program 2

Expenses: $81,295 Revenue: $249,510

THE MEDICAL CENTER PROVIDED VARIOUS COMMUNITY HEALTH IMPROVEMENT AND EDUCATIONAL SERVICES THROUGHOUT THE COMMUNITY AT LOCAL SCHOOLS, BUSINESSES, AND CHURCHES. THE CENTER ALSO PROVIDED IN-HOUSE...

THE MEDICAL CENTER PROVIDED VARIOUS COMMUNITY HEALTH IMPROVEMENT AND EDUCATIONAL SERVICES THROUGHOUT THE COMMUNITY AT LOCAL SCHOOLS, BUSINESSES, AND CHURCHES. THE CENTER ALSO PROVIDED IN-HOUSE EDUCATIONAL SEMINARS; HEALTH & WELLNESS FAIRS; DIRECT TO CONSUMER LABORATORY BLOOD ANALYSIS TESTING; HEALTH CLINICS; CHOLESTEROL SCREENING; PROSTATE SCREENINGS; TUITION PAID FOR NURSING STUDENTS; AND OTHER HEALTH RELATED EVENTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $196,100

Program Service Revenue $223,721,313

Investment Income $-470,762

Other Revenue $2,914,648

TOTAL REVENUE $226,361,299

Expense Breakdown

Grants Paid $38,146

Salaries & Benefits $120,197,841

Fundraising Expenses $0

Program Expenses $174,489,877

Other Expenses $105,312,587

TOTAL EXPENSES $225,548,574

Year-over-Year Comparison

	2022	2021	Change
Revenue	$226,361,299	$223,740,570	+0.0%
Expenses	$225,548,574	$213,644,356	+0.1%
Net Income	$812,725	$10,096,214	-0.9%

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

1822

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

$935,052

Total Directors

$705,096

Key Employees

$626,622

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES R SHOCKLEY	CHAIRMAN	3.00	Officer Director	$0	$0	$0
JOHN GRECO	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
JJ BERNABEI	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN C FRANKOVITCH	CEO/TREASURER/PRESIDENT	40.00	Officer Director	$667,909	$37,187	$705,096
SCOTT WINWOOD	DIRECTOR	1.00	Director	$0	$0	$0
DON GIANNI	DIRECTOR	1.00	Director	$0	$0	$0
JOE PAOLO JR	DIRECTOR	1.00	Director	$0	$0	$0
LUKE MYERS	DIRECTOR	1.00	Director	$0	$0	$0
SONDRA WEIGEL	DIRECTOR	1.00	Director	$0	$0	$0
ATUL SHAH MD	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH SAYUT	CFO	40.00	Officer	$197,433	$32,523	$229,956
DAVID SCOTT ARTMAN	COO-DIRECTOR OF OPERATIONS	40.00	Key Emp	$306,193	$18,420	$324,613
LISA CONTI	VP OF PPI OPERATIONS	40.00	Key Emp	$286,381	$15,628	$302,009
CHERIAN JOHN MD	PHYSICIAN	40.00	Highest	$1,090,703	$37,008	$1,127,711
VARDHAN J REDDY MD	PHYSICIAN	40.00	Highest	$817,067	$35,000	$852,067
VENKATA TAMMANA MD	PHYSICIAN	40.00	Highest	$728,782	$36,085	$764,867
JOHN CHERIAN MD	PHYSICIAN	40.00	Highest	$801,266	$5,022	$806,288
ATUL SHETTY MD	PHYSICIAN	40.00	Highest	$702,941	$38,662	$741,603

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
2024	No data	No data	No data	No data
2023	$226,361,299	$225,548,574	$125,644,407	$812,725
2022	$223,740,570	$213,644,356	$125,869,201	$10,096,214
2021	$205,077,098	$203,785,003	$136,378,383	$1,292,095
2020	$200,132,111	$196,249,785	$131,699,422	$3,882,326
2019	$204,332,541	$209,473,977	$114,197,203	$-5,141,436
2018	$197,484,460	$194,660,464	$98,088,499	$2,823,996