South Charleston, WV
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Herbert J Thomas Memorial Hospital Association, founded in 1946, is a major nonprofit in the Health Care sector that reported $284.3M in total revenue in fiscal year 2022. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $83.7M, a strong 29% operating margin.
To provide health care services to residents of South Charleston, WV and surrounding communities.
Services provided by the hospital for the year ended September 30, 2023 included 40,449 inpatient days and 219,337 outpatient visits which includes 28,532 ER visits. The hospital provides care to...
Services provided by the hospital for the year ended September 30, 2023 included 40,449 inpatient days and 219,337 outpatient visits which includes 28,532 ER visits. The hospital provides care to patients who meet certain criteria under its charity care policy without charge or at amounts less than its established rates. Charges forgone for charity amounted to $646,124. The hospital provided community education activities and sponsors free health screening and wellness programs.
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)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $284,290,515 | $229,054,272 | +0.2% |
| Expenses | $200,639,180 | $165,971,862 | +0.2% |
| Net Income | $83,651,335 | $63,082,410 | +0.3% |
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 |
|---|---|---|---|---|---|---|
| Paul Breedlove | Chairman | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Father Higgs | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Robert Chrest DO | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Andy Barker | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Brian Ulery | Former VP/COO Thomas Health | 1.00 |
Director
|
$0 | $14,288 | $508,334 |
| Dan Rogers MD | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Albert Wright Jr | President/CEO WVUHS | 24.00 |
Officer
|
$0 | $384,491 | $2,707,633 |
| Timothy K Skeldon | Sr. VP Finance/CFO Thomas Health System | 24.00 |
Officer
|
$0 | $39,671 | $479,218 |
| Greg Rosencrance MD | President/CEO as of 3/1/2023 | 24.00 |
Officer
|
$0 | $0 | $0 |
| Connie Huston | Pharmacist | 40.00 |
Highest
|
$150,905 | $11,038 | $161,943 |
| William K Priddy | 304B Pharmacy Manager | 40.00 |
Highest
|
$193,196 | $11,628 | $204,824 |
| Teresa Simmons | Director of Medical Imaging | 40.00 |
Highest
|
$158,514 | $7,761 | $166,275 |
| Scott Brown | Director of Thomas Family Pharmacy | 40.00 |
Highest
|
$149,317 | $11,311 | $160,628 |
| Daniel J Lauffer | Former Presidenet/CEO | 0.00 |
|
$0 | $37,928 | $682,388 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $284,290,515 | $200,639,180 | $347,432,889 | $83,651,335 |
| 2022 | $229,054,272 | $165,971,862 | $241,119,649 | $63,082,410 |
| 2021 | $213,311,494 | $144,229,149 | $179,578,357 | $69,082,345 |
| 2020 | $238,545,725 | $133,712,733 | $129,118,182 | $104,832,992 |
| 2018 | $191,540,170 | $188,437,855 | $189,958,295 | $3,102,315 |
Compare Herbert J Thomas Memorial Hospital Association with other nonprofits in West Virginia and across the country.