Potomac Valley Hospital of W VA Inc

EIN: 550420956 501(c)(3) Health Care

Keyser, WV

Total Revenue
$83,206,937
Total Expenses
$75,042,321
Total Assets
$59,974,562
Net Assets
$27,248,702
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
WV
Principal Officer
Amy Boothe
Phone
3045973500
Tax Period
2023-01-01 to 2023-12-31

Potomac Valley Hospital of W VA Inc, founded in 2014, is a mid-sized nonprofit in the Health Care sector that reported $83.2M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $75.0M left a modest 10% surplus.

Mission

Potomac Valley strives to improve the total health status of area residents and provide supportive care for the chronically and/or terminally ill patients at home. PVH recognizes health as a condition to which everyone has a just claim and will make a priority of meeting the changing needs of the community within the limits of available resources.

Program Service Accomplishments

Program 1
Expenses: $15,915,892 Revenue: $18,053,049

Family medicine services are provided in multiple clinic locations, and as rural health clinics, to serve the primary care needs of the population in Mineral County and provide access to care. During...

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Family medicine services are provided in multiple clinic locations, and as rural health clinics, to serve the primary care needs of the population in Mineral County and provide access to care. During 2023, PVH had 12,409 family medicine patient encounters.

Program 2
Expenses: $12,464,648 Revenue: $11,598,064

General surgical services are provided as emergent and scheduled services on both an inpatient and an outpatient basis. PVH had 1,302 general surgery visits in 2023. PVH also performed 603...

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General surgical services are provided as emergent and scheduled services on both an inpatient and an outpatient basis. PVH had 1,302 general surgery visits in 2023. PVH also performed 603 orthopaedic surgeries.

Program 3
Expenses: $9,232,757 Revenue: $13,907,252

PVH Emergency Department is staffed 24 hours everyday with specially trained physicians and nursing staff. The level of care ranges from continuation or initiation of advanced life support, to the...

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PVH Emergency Department is staffed 24 hours everyday with specially trained physicians and nursing staff. The level of care ranges from continuation or initiation of advanced life support, to the assessment and treatment of minor illness, injuries or the acceleration of chronic medical conditions. The Emergency Department is connected by ration to Civil Defense and all area rescue squads and ambulances, thus allowing the staff to be fully prepared for any incoming emergency in advance of the arrival. The Emergency Department saw 17,640 patients in 2023.

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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 $1,193,345
Program Service Revenue $81,692,415
Investment Income $55,511
Other Revenue $265,666
TOTAL REVENUE $83,206,937

Expense Breakdown

Grants Paid $38,500
Salaries & Benefits $34,334,826
Fundraising Expenses $0
Program Expenses $63,483,650
Other Expenses $40,668,995
TOTAL EXPENSES $75,042,321

Year-over-Year Comparison

2023 2022 Change
Revenue $83,206,937 $71,436,905 +0.2%
Expenses $75,042,321 $61,047,480 +0.2%
Net Income $8,164,616 $10,389,425 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
Employees
517
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
7
$1,272,317
Total Directors
8
$1,382,302
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Charles Bess MD Director, Chief of Staff 040.00
Director
$682,706 $45,967 $728,673
Hamed Vahedikafshgari MD Physician 040.00
Highest
$622,325 $46,338 $668,663
Michael Gould DO Director through 08/10/23, Physician 040.00
Director
$0 $42,396 $653,629
Sherif Dabash MD Physician 040.00
Highest
$527,413 $23,964 $551,377
Mark Boucot Director, CEO 020.00
Officer
$218,743 $104,412 $541,898
Alan Stephens MD Physician 040.00
Highest
$488,997 $46,150 $535,147
Boyd Sprenkle MD Physician 033.00
Highest
$357,645 $24,105 $463,033
Rabie Zalzal MD Physician 040.00
Highest
$363,267 $36,542 $399,809
Amy Boothe VP Operations Finance 020.00
Officer
$121,975 $27,756 $271,706
Kendra Thayer VP of Nursing, CNO 020.00
Officer
$107,577 $39,280 $254,434
Marjorie Fridkin CMO 013.00
Officer
$62,071 $16,185 $204,279
Elaine Geroski VP, Nursing, Through September 2022 N/A
$102,132 $16,483 $153,501
Robin Haupt Director, Secretary 001.00
Officer Director
$0 $0 $0
Jerry Whisner Director, Chair 001.00
Officer Director
$0 $0 $0
Dinah Courrier Director through 11/20/23 001.00
Director
$0 $0 $0
Frances Jones Director 001.00
Director
$0 $0 $0
Kevin Clark Director 001.00
Director
$0 $0 $0
Louie Kitzmiller Director, Treasurer 001.00
Officer Director
$0 $0 $0
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 $83,206,937 $75,042,321 $59,974,562 $8,164,616
2022 $71,436,905 $61,047,480 $54,057,742 $10,389,425
2021 $55,066,780 $48,807,503 $41,281,196 $6,259,277
2020 $40,549,718 $36,713,307 $36,441,115 $3,836,411
2019 $34,595,792 $34,020,883 $26,214,566 $574,909
2018 $26,541,935 $26,510,549 $25,130,628 $31,386
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