SUMMERSVILLE REGIONAL MEDICAL CENT… - Form 990 Financial Data

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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

1968

Legal Domicile

Principal Officer

KAREN BOWLING

Phone

3048722891

Tax Period

2019-01-01 to 2019-12-31

SUMMERSVILLE REGIONAL MEDICAL CENTER, founded in 1968, is a mid-sized nonprofit that reported $16.9M in total revenue in fiscal year 2019. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $21.0M exceeded revenue, resulting in a 25% operating deficit.

Mission

ABOVE ALL ELSE, SUMMERSVILLE REGIONAL MEDICAL CENTER IS COMMITTED TO THE CARE AND IMPROVEMENT OF HUMAN LIFE. IN RECOGNITION OF THIS COMMITMENT, WE WILL STRIVE TO DELIVER QUALITY, COST EFFECTIVE HEALTHCARE TO THE COMMUNITIES WE SERVE

Program Service Accomplishments

Program 1

Expenses: $18,140,211 Revenue: $15,735,105

THE HOSPITAL PROVIDED 12,230 INPATIENT DAYS OF CARE AS FOLLOWS 1,794 ACUTE INTENSIVE CARE, 1,224 SWING BED AND 9,325 LONG-TERM CARE. OTHER SERVICES PROVIDED INCLUDE 21,548 OUTPATIENT PROCEDURES...

THE HOSPITAL PROVIDED 12,230 INPATIENT DAYS OF CARE AS FOLLOWS 1,794 ACUTE INTENSIVE CARE, 1,224 SWING BED AND 9,325 LONG-TERM CARE. OTHER SERVICES PROVIDED INCLUDE 21,548 OUTPATIENT PROCEDURES, 8,338 EMERGENCY ROOM VISITS AND 28,384 RURAL HEALTH CLINIC 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 FOREGONE FOR CHARITY DURING THE YEAR AMOUNTED TO 247,686 FOR HOSPITAL SERVICES. THE LEVEL OF FINANCIAL ASSISTANCE PROVIDED BY THE HOSPITAL HAS DECREASED OVER THE LAST COUPLE OF YEARS DUE TO THE FACT THAT THE STATE OF WEST VIRGINIA EXPANDED MEDICAID. WITH THE MEDICAID EXPANSION, INDIVIDUALS WITH INCOME AT 138% OF THE POVERTY GUIDELINES ARE NOW ELIGIBLE FOR MEDICAID. PRIOR TO THE MEDICAID EXPANSION, THE LEVEL OF INCOME TO QUALIFY FOR MEDICAID WAS MUCH LOWER.

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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 (2019)

Revenue Breakdown

Contributions & Grants $1,090,645

Program Service Revenue $22,044,791

Investment Income $-7,329,723

Other Revenue $1,085,697

TOTAL REVENUE $16,891,410

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,188,171

Fundraising Expenses $0

Program Expenses $18,140,211

Other Expenses $6,851,655

TOTAL EXPENSES $21,039,826

Year-over-Year Comparison

	2019	2018	Change
Revenue	$16,891,410	$50,074,926	-0.7%
Expenses	$21,039,826	$49,687,707	-0.6%
Net Income	$-4,148,416	$387,219	-11.7%

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

571

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

Total Directors

$365,553

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN BOONE RPH	CHAIR	3.00	Officer Director	$0	$0	$0
MARK SHIFFLETT	CHAIR	3.00	Officer Director	$0	$0	$0
SAUNDRA KINSER	SECRETARY/TREASURER	3.00	Officer Director	$0	$0	$0
BRUCE TALLAMY	FINANCE CHAIR	3.00	Officer Director	$0	$0	$0
TIMOTHY LEROSE	TRUSTEE	3.00	Director	$0	$0	$0
ROBERT SHAFER	MAYOR	3.00	Director	$0	$0	$32,000
MIKE STEADHAM	TRUSTEE	3.00	Director	$0	$0	$0
BANDY MULLINS MD	CHIEF OF STAFF/TRUSTEE	40.00	Director	$310,401	$23,152	$333,553
KENNETH BAKER	TRUSTEE	3.00	Director	$0	$0	$0
JAMES MARSH	TRUSTEE	3.00	Director	$0	$0	$0
JAMES EPLING	TRUSTEE	3.00	Director	$0	$0	$0
JUDY SENTZ	TRUSTEE	3.00	Director	$0	$0	$0
KEVIN BROWN DDS	TRUSTEE	3.00	Director	$0	$0	$0
MICHAEL YOUNG	TRUSTEE	3.00	Director	$0	$0	$0
JAY BORRELL	TRUSTEE	3.00	Director	$0	$0	$0
MICHAEL TAYLOR	PHYSICIAN	40.00	Highest	$214,887	$22,261	$237,148
THOMAS REYNOLDS	CRNA	40.00	Highest	$209,720	$11,839	$221,559
BENJAMIN HENSLEY	PHYSICIAN	40.00	Highest	$240,088	$23,152	$263,240
DAVID MERIWETHER	PHYSICIAN	40.00	Highest	$277,148	$19,209	$296,357
STANLEY MORRIS	PHYSICIAN	40.00	Highest	$279,492	$23,152	$302,644

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
2019	$16,891,410	$21,039,826	No data	$-4,148,416
2018	$50,074,926	$49,687,707	$20,800,170	$387,219

SUMMERSVILLE REGIONAL MEDICAL CENTER