Madison, WV
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Boone Memorial Hospital Inc, founded in 2010, is a mid-sized nonprofit in the Health Care sector that reported $87.8M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $84.9M left a modest 3% surplus.
Boone Memorial Hospital strives to supply a comprehensive range of inpatient and outpatient services.
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 | $87,824,630 | $72,177,450 | +0.2% |
| Expenses | $84,878,404 | $70,345,825 | +0.2% |
| Net Income | $2,946,226 | $1,831,625 | +0.6% |
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 |
|---|---|---|---|---|---|---|
| Edward Williams | Board Member | 1.1 |
Director
|
$0 | $0 | $0 |
| James Gore | Board Secretary | 1.1 |
Director
|
$0 | $0 | $0 |
| James Hensley | Board Chairman | 1.1 |
Director
|
$0 | $0 | $0 |
| John Reger | Board Member | 1.1 |
Director
|
$0 | $0 | $0 |
| Nada Woodie | Board Member | 1.1 |
Director
|
$0 | $0 | $0 |
| Robert Brown | Board Vice-Chairman | 1.1 |
Director
|
$0 | $0 | $0 |
| Shawn Miller | Board Member | 1.1 |
Director
|
$0 | $0 | $0 |
| Susan McCoy | Board Member | 1.1 |
Director
|
$0 | $0 | $0 |
| Thomas Bias | Board Member | 1.1 |
Director
|
$0 | $0 | $0 |
| Wyatt Scaggs | Board Member | 1.1 |
Director
|
$0 | $0 | $0 |
| Angela Christian | Chief Operating Officer | 50.0 |
Officer
|
$263,443 | $217,413 | $480,856 |
| Douglas Cole Malcolm | Chief Financial Officer | 50.0 |
Officer
|
$224,058 | $121,930 | $345,988 |
| Ray Harrell | CEAO and Secretary | 50.0 |
Officer
|
$185,000 | $28,108 | $213,108 |
| Virgil Underwood | President and Chief Executive Officer | 50.0 |
Officer
|
$336,035 | $384,673 | $720,708 |
| Brian Cortelessi | Doctor | 40.0 |
Highest
|
$469,151 | $34,777 | $503,928 |
| Casey Shaun Hager | Doctor | 40.0 |
Highest
|
$656,744 | $31,438 | $688,182 |
| Kenneth Chadwick Adkins | Doctor | 40.0 |
Highest
|
$406,749 | $32,403 | $439,152 |
| Melissa Moody | Doctor | 40.0 |
Highest
|
$469,520 | $14,503 | $484,023 |
| Philip Todd Berry | Doctor | 40.0 |
Highest
|
$428,685 | $33,165 | $461,850 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $87,824,630 | $84,878,404 | $83,979,484 | $2,946,226 |
| 2023 | $72,177,450 | $70,345,825 | $72,082,428 | $1,831,625 |
| 2022 | $67,370,697 | $65,156,148 | $67,379,046 | $2,214,549 |
| 2021 | $58,312,219 | $54,144,357 | $68,497,760 | $4,167,862 |
| 2020 | $49,892,559 | $47,267,041 | $61,065,632 | $2,625,518 |
| 2019 | $44,142,075 | $41,554,773 | $51,231,888 | $2,587,302 |
| 2018 | $35,550,544 | $37,384,258 | $48,761,815 | $-1,833,714 |
Compare Boone Memorial Hospital Inc with other nonprofits in West Virginia and across the country.