West Virginia University Medical Corporation (EIN 550492006) - Form 990 Financial Analysis & Trantor Score

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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

1971

Legal Domicile

Principal Officer

Michael Edmond

Phone

3042857124

Tax Period

2023-01-01 to 2023-12-31

West Virginia University Medical Corporation, founded in 1971, is a major nonprofit in the Health Care sector that reported $769.6M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

To support the West Virginia University School of Medicine in the furtherance of its charitable, scientific, and educational purposes.

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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 (2023)

Revenue Breakdown

Contributions & Grants $63,500

Program Service Revenue $766,307,091

Investment Income $3,190,502

Other Revenue $10,967

TOTAL REVENUE $769,572,060

Expense Breakdown

Grants Paid $21,899,972

Salaries & Benefits $609,597,691

Fundraising Expenses $0

Program Expenses $715,216,602

Other Expenses $131,862,629

TOTAL EXPENSES $763,360,292

Year-over-Year Comparison

	2023	2022	Change
Revenue	$769,572,060	$691,155,457	+0.1%
Expenses	$763,360,292	$683,095,738	+0.1%
Net Income	$6,211,768	$8,059,719	-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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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

3866

Volunteers

N/A

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

$3,956,666

Total Directors

$5,070,575

Key Employees

$4,387,590

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Vinay Badhwar MD	Executive Chair Heart Vascular Institute	040.00	Key Emp	$2,490,638	$26,376	$2,517,014
Christopher Mascio MD	Physician	040.00	Highest	$1,901,929	$23,076	$1,925,005
Ali Rezai MD	Physician	040.00	Key Emp	$1,845,379	$25,197	$1,870,576
JonDavid Pollock MD	Physician	040.00	Highest	$1,638,367	$22,974	$1,661,341
John Caruso MD	Physician	040.00	Highest	$1,453,479	$26,376	$1,479,855
Bill Underwood MD	Physician	040.00	Highest	$1,348,456	$29,676	$1,378,132
Robert Marsh MD	Physician	040.00	Highest	$1,252,712	$26,376	$1,279,088
Alison Wilson MD	Director through 06/30/23 - Trauma Emergency Surgery	040.00	Director	$899,727	$35,895	$935,622
Michael Edmond MD	CMO	040.00	Officer	$741,903	$145,459	$887,362
Mathis Frick MD	Physician - Former Key Employee	040.00		$818,250	$35,895	$854,145
Matthew Dietz MD	Director starting 07/01/23 - Orthopaedic Surgery	040.00	Director	$722,151	$26,376	$748,527
Ronald Pellegrino MD	Chief Operating Officer	040.00	Officer	$603,925	$36,011	$639,936
Hannah Hazard MD	Director - Exec Chair Director WVU Cancer Institute	040.00	Director	$595,230	$36,402	$631,632
Kevin Halbritter MD	VP Population Health	040.00	Officer	$532,575	$36,011	$568,586
Jessica Hott DO	Director - OB/GYN	040.00	Director	$527,053	$25,679	$552,732
Christopher Goode MD	Director - Chairman Emergency Medicine	040.00	Director	$500,564	$36,011	$536,575
Stephen Hoffman MD	VP Clinical Programs	040.00	Officer	$501,976	$23,684	$525,660
Nathan Lerfald MD	Director, Secretary - Internal Medicine	040.00	Officer Director	$468,713	$36,230	$504,943
William Lewis MD	Director - Family Medicine	040.00	Director	$319,455	$24,074	$343,529
Aaron Henry	VP, Ambulatory Operations	040.00	Officer	$255,130	$60,424	$315,554
Jeffrey Lancaster MD	Director - Section Chief, Pedicatrics	040.00	Director	$275,877	$24,288	$300,165
Arif Sarwari MD	Director - Infectious Diseases	040.00	Director	$261,683	$25,000	$286,683
Darin Rogers	VP Provider Network Services	040.00	Officer	$245,960	$38,498	$284,458
Kathryn Moffett-Bradford MD	Director, Chair - Pediatric Infectious Diseases	040.00	Officer Director	$210,647	$19,520	$230,167
Judie Charlton MD	CMO through 11/2020 - Exec Consultant 12/2020	040.00		$150,380	$11,882	$162,262
Clay Marsh MD	Voting Ex-Officio, VP and Executive Dean SoM	001.00	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	$769,572,060	$763,360,292	$249,482,310	$6,211,768
2022	$691,155,457	$683,095,738	$248,561,218	$8,059,719
2021	$655,420,491	$644,938,229	$234,685,147	$10,482,262
2020	$571,153,959	$567,301,002	$212,648,584	$3,852,957
2019	$531,045,841	$526,922,719	$214,506,096	$4,123,122
2018	$458,853,707	$456,365,702	$178,544,261	$2,488,005

West Virginia University Medical Corporation