CHARLESTON AREA MEDICAL CENTER INC

EIN: 550526150 501(c)(3) Health Care

CHARLESTON, WV

Total Revenue
$1,678,719,943
Total Expenses
$1,643,825,858
Total Assets
$1,693,276,542
Net Assets
$609,592,835
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
WV
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 HEALTH CARE TO EVERY PATIENT, EVERY DAY.

Program Service Accomplishments

Program 1
Expenses: $1,291,068,796 Revenue: $1,641,416,865

CAMC IS ONE OF WEST VIRGINIA'S LARGEST MEDICAL CENTERS WITH OVER 10,500 EMPLOYEES AND 776 MEDICAL STAFF. CAMC IS LICENSED FOR 956 BEDS AT FOUR CAMPUSES AND OUR HEALTH CARE SERVICES DELIVERY FOCUSES...

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CAMC IS ONE OF WEST VIRGINIA'S LARGEST MEDICAL CENTERS WITH OVER 10,500 EMPLOYEES AND 776 MEDICAL STAFF. CAMC IS LICENSED FOR 956 BEDS AT FOUR CAMPUSES AND OUR HEALTH CARE SERVICES DELIVERY FOCUSES ON PROVIDING A FULL RANGE OF INPATIENT AND OUTPATIENT SERVICES AS A TERTIARY REGIONAL REFERRAL CENTER, TEACHING AND SAFETY NET HOSPITAL. AS A REGIONAL REFERRAL CENTER, CAMC HAS ONE OF ONLY TWO STATE LEVEL 1 TRAUMA CENTERS, A LEVEL III NEONATAL ICU, A PEDIATRIC ICU, A DNV-CERTIFIED PRIMARY STROKE CENTER, AND A BARIATRIC CENTER OF EXCELLENCE. CAMC IS THE PRIMARY MEDICAL SAFETY NET PROVIDER OF WOMEN AND CHILDREN'S AND TRAUMA SERVICES IN CENTRAL AND SOUTHERN WEST VIRGINIA AND PROVIDES APPROXIMATELY 20% OF THE CHARITY CARE IN THE STATE. THERE WERE INPATIENT DAYS OF 211,630 OUTPATIENT VISITS OF 317,985 CLINIC VISITS OF 455,906 EMERGENCY DEPARTMENT VISITS OF 99,305 AND DELIVERIES OF 2,566 IN 2023. CAMC GIVES BACK TO THE COMMUNITY BECAUSE WE UNDERSTAND THE IMPACT THAT HIGH QUALITY MEDICAL CARE, CHARITY CARE, EDUCATION, CORPORATE CONTRIBUTIONS AND COMMUNITY PARTNERSHIPS HAVE ON THE LIVES OF REAL PEOPLE.

Program 2
Expenses: $26,236,834

CAMC HAS ESTABLISHED MEDICAL AND ALLIED HEALTH EDUCATION EXCELLENCE AS A CORE COMPETENCY. PROVISION AND SUPPORT FOR EDUCATION INCLUDE TRAINING FOR INTERNS AND RESIDENTS, NURSES, ANESTHETISTS AND...

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CAMC HAS ESTABLISHED MEDICAL AND ALLIED HEALTH EDUCATION EXCELLENCE AS A CORE COMPETENCY. PROVISION AND SUPPORT FOR EDUCATION INCLUDE TRAINING FOR INTERNS AND RESIDENTS, NURSES, ANESTHETISTS AND OTHER PERSONNEL. 175 WVU/WVSOM MEDICAL STUDENTS TRAINED AT CAMC HOSPITALS AND 228 MEDICAL RESIDENTS WERE EMPLOYED BY CAMC. CAMC PROVIDED FACULTY SUPPORT TO THE UNIVERSITY OF CHARLESTON HELPING EDUCATE PHARMACY STUDENTS, NURSING STUDENTS AND PHYSICIAN ASSISTANTS. CAMC ASSISTED 9 EMPLOYEES THROUGH STUDENT LOAN FORGIVENESS, AND PROVIDED EDUCATIONAL ASSISTANCE TO 441 INDIVIDUALS WHO INTEND TO PURSUE A CAREER IN HEALTHCARE.

Program 3
Expenses: $126,703,328 Revenue: $131,509

CAMC DOES MUCH MORE THAN JUST PROVIDE HEALTH CARE, BEING INVOLVED IN NEARLY EVERY ASPECT OF THE HEALTH AND WELL BEING OF THE COMMUNITY. CAMC OFFERED 53 OUTREACH PROGRAMS WHICH SERVED AN ESTIMATED...

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CAMC DOES MUCH MORE THAN JUST PROVIDE HEALTH CARE, BEING INVOLVED IN NEARLY EVERY ASPECT OF THE HEALTH AND WELL BEING OF THE COMMUNITY. CAMC OFFERED 53 OUTREACH PROGRAMS WHICH SERVED AN ESTIMATED 25,534 PEOPLE. CAMC PROVIDED ACUTE INPATIENT AND OUTPATIENT HOSPITAL SERVICES INCLUDING UNREIMBURSED CHARITY CARE AT COST OF $18,824,051. CREATIVE, STATE-OF-THE-ART PROGRAMS AND SERVICES ARE PROVIDED TO OUR COMMUNITY TO SERVE OUR COMMUNITY - PARTICULARLY THE NEEDS OF THE LOW INCOME, ELDERLY AND OTHER VULNERABLE PERSONS. COMMUNITY BENEFITS ARE PROGRAMS OR ACTIVITIES THAT PROVIDE TREATMENT OR PROMOTE HEALTH AND HEALING AS A RESPONSE TO IDENTIFIED COMMUNITY NEEDS AND MEET AT LEAST ONE OF THE FOLLOWING COMMUNITY BENEFIT CRITERIA: 1) IMPROVES ACCESS TO HEALTH CARE SERVICES; 2) ENHANCES HEALTH OF THE COMMUNITY; 3) ADVANCES MEDICAL OR HEALTH CARE KNOWLEDGE; 4) RELIEVES OR REDUCES THE BURDEN OF GOVERNMENT OR OTHER COMMUNITY EFFORTS.

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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 $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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Governance

Voting Members
15
Independent Members
11
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
23
$14,608,990
Total Directors
16
$4,928,167
Key Employees
0
$0
Highest Compensated
5
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
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