CHARLESTON AREA MEDICAL CENTER INC (EIN 550526150) - 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

JEFF SANDENE

Phone

3043887603

Tax Period

2023-01-01 to 2023-12-31

CHARLESTON AREA MEDICAL CENTER INC, founded in 1971, is a large national nonprofit in the Health Care sector that reported $1.7B in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

STRIVING TO PROVIDE THE BEST HEALTHCARE TO EVERY PATIENT, EVERY DAY. CAMC OWNS AND OPERATES FOUR SEPARATELY-LICENSED HOSPITALS AS A TERTIARY-CARE TEACHING HOSPITAL DESIGNED TO PROVIDE CARE FOR COMMUNITY RESIDENTS THROUGH EVERY STAGE OF LIFE. CAMC PATIENTS DEPEND ON CAMC TO PROVIDE CONVENIENT AND COMPASSIONATE CARE DELIVERED REGARDLESS OF A PATIENT'S ABILITY TO PAY.

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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 $23,920,254

Program Service Revenue $1,639,358,899

Investment Income $6,648,184

Other Revenue $8,792,606

TOTAL REVENUE $1,678,719,943

Expense Breakdown

Grants Paid $3,527,347

Salaries & Benefits $780,134,318

Fundraising Expenses $231,766

Program Expenses $1,444,008,958

Other Expenses $860,164,193

TOTAL EXPENSES $1,643,825,858

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,678,719,943	$1,471,699,047	+0.1%
Expenses	$1,643,825,858	$1,462,855,620	+0.1%
Net Income	$34,894,085	$8,843,427	+2.9%

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

10716

Volunteers

147

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

$14,608,990

Total Directors

$4,928,167

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID L RAMSEY	TRUSTEE & VANDALIA HEALTH CEO	50.00	Officer Director	$1,993,785	$166,947	$2,160,732
GLENN CROTTY JR MD	PRESIDENT & CEO	50.00	Officer Director	$1,011,030	$57,089	$1,068,119
RYAN FITZWATER DO	TRUSTEE/PAST CHIEF OF STAFF	42.50	Director	$917,805	$70,142	$987,947
BARRY M MITCHELL MD	TRUSTEE/CHIEF OF STAFF	3.00	Director	$696,215	$15,154	$711,369
JOHN R HOBLITZELL ESQ	CHAIRMAN	3.00	Officer Director	$0	$0	$0
MARK A CHANDLER	VICE CHAIR	3.00	Officer Director	$0	$0	$0
CHARLES L CAPITO JR	TRUSTEE	2.50	Director	$0	$0	$0
EDWIN H WELCH PH D	TRUSTEE	2.50	Director	$0	$0	$0
ERIC A HICKS	TRUSTEE	2.50	Director	$0	$0	$0
FONDA ELLIOT	TRUSTEE	2.50	Director	$0	$0	$0
KAREN S PRICE	TRUSTEE	2.50	Director	$0	$0	$0
KENNETH L TACKETT	TRUSTEE	2.50	Director	$0	$0	$0
MELVIN JONES	TRUSTEE	2.50	Director	$0	$0	$0
S SHAWN GROVES MD	TRUSTEE (UNTIL 2/2023)	2.50	Director	$0	$0	$0
STEFAN MAXWELL MD	TRUSTEE	2.50	Director	$0	$0	$0
WILLIAM A RICE JR	TRUSTEE	2.50	Director	$0	$0	$0
JEFF SANDENE	EXECUTIVE VP & CFO	50.00	Officer	$776,511	$254,822	$1,031,333
JEFFREY L OSKIN	SENIOR VP & COO	50.00	Officer	$655,852	$258,011	$913,863
JEFFREY L GOODE	SENIOR VP AMBULATORY SERVICES	50.00	Officer	$543,975	$318,932	$862,907
ANGELA FENTON HILL	SECRETARY & GENERAL COUNSEL	50.00	Officer	$550,811	$295,138	$845,949
DANIEL STROSS	VP INFO SVCS & CIO	50.00	Officer	$656,277	$154,346	$810,623
KRISTI SNYDER	VP HUMAN RESOURCES	50.00	Officer	$519,922	$215,477	$735,399
S ANDREW WEBER	VP ADMINISTRATOR	50.00	Officer	$463,987	$220,555	$684,542
THOMAS P MCILWAIN MD	VP CHIEF MEDICAL OFFICER	50.00	Officer	$620,147	$51,917	$672,064
GEORGE FARRIS	VP ADMINISTRATOR	50.00	Officer	$529,810	$111,872	$641,682
HEIDI EDWARDS	VP & CNO	50.00	Officer	$419,179	$208,616	$627,795
HEATHER LEWIS	VP CHIEF QUALITY & SAFETY OFFICER	50.00	Officer	$378,481	$127,163	$505,644
D MICHELLE COON	VP MANAGED CARE CONTRACTING	50.00	Officer	$378,734	$117,006	$495,740
RANDALL HODGES	VP ADMINISTRATOR	50.00	Officer	$388,550	$52,267	$440,817
CHRISTINE STURTEVANT	VP REVENUE CYCLE	50.00	Officer	$350,488	$58,562	$409,050
CHAD HOVIS	VP FINANCE	50.00	Officer	$274,671	$121,770	$396,441
ELIZABETH PELLEGRIN	VP & CHIEF MARKETING OFFICER	50.00	Officer	$279,550	$82,653	$362,203
MYRANDA PIKE	VP & CCO	50.00	Officer	$267,594	$71,334	$338,928
STEVE PERRY	VP SUPPLY CHAIN & CPO	50.00	Officer	$251,809	$60,264	$312,073
TAMARA FULLER	VP & CHIEF STRATEGY OFFICER	50.00	Officer	$217,588	$75,498	$293,086
NATHAN KISTER	PHYSICIAN	40.00	Highest	$1,779,770	$66,822	$1,846,592
HAZAIM ALWAIR	PHYSICIAN	40.00	Highest	$1,725,434	$67,745	$1,793,179
SANGEETA MANDAPAKA	PHYSICIAN	40.00	Highest	$1,711,183	$31,519	$1,742,702
MITCHELL RASHID	PHYSICIAN	40.00	Highest	$1,646,676	$67,745	$1,714,421
ROBERT SHIN	PHYSICIAN	40.00	Highest	$1,623,991	$66,822	$1,690,813
REBECCA STEVENSON	CHIEF COMPLIANCE OFFICER (END 2022)	50.00		$174,592	$63,590	$238,182

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	$1,678,719,943	$1,643,825,858	$1,693,276,542	$34,894,085
2022	$1,471,699,047	$1,462,855,620	$1,238,038,247	$8,843,427
2021	$1,432,423,801	$1,382,070,031	$1,271,029,381	$50,353,770
2020	$1,274,950,696	$1,237,843,401	$1,233,588,928	$37,107,295
2019	$1,273,397,689	$1,232,594,180	$1,075,285,610	$40,803,509
2018	$1,184,883,415	$1,152,483,935	$970,849,506	$32,399,480

CHARLESTON AREA MEDICAL CENTER INC