Braxton County Memorial Hospital Inc

EIN: 550611919 501(c)(3) Health Care

Gassaway, WV

Total Revenue
$31,715,696
Total Expenses
$31,307,331
Total Assets
$19,972,102
Net Assets
$14,990,025
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
WV
Principal Officer
John Forester
Phone
6813421608
Tax Period
2024-01-01 to 2024-12-31

Braxton County Memorial Hospital Inc, founded in 1981, is a mid-sized nonprofit in the Health Care sector that reported $31.7M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

The Hospitals most significant activities are services provided by the hospital including inpatient, outpatient, emergency room services, and clinical care to residents of Braxton County, WV

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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 (2024)

Revenue Breakdown

Contributions & Grants $44,287
Program Service Revenue $31,334,036
Investment Income $173,152
Other Revenue $164,221
TOTAL REVENUE $31,715,696

Expense Breakdown

Grants Paid $11,010
Salaries & Benefits $13,170,571
Fundraising Expenses $0
Program Expenses $24,248,494
Other Expenses $18,125,750
TOTAL EXPENSES $31,307,331

Year-over-Year Comparison

2024 2023 Change
Revenue $31,715,696 $28,700,814 +0.1%
Expenses $31,307,331 $27,473,589 +0.1%
Net Income $408,365 $1,227,225 -0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
5
Employees
178
Volunteers
40

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
8
$1,445,847
Total Directors
7
$1,261,027
Key Employees
1
$247,092
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Hess Director, CEO of UHC 001.00
Director
$0 $155,334 $981,039
Karen Bowling Former CEO Braxton - Current President Princeton Community Health Association N/A
$0 $29,378 $817,870
Benjamin Hensley Surgeon 040.00
Highest
$630,543 $52,894 $683,437
John Forester Interim President, July - December 005.50
Officer
$52,244 $97,238 $470,412
Louis Roe President/CEO, January - June 012.00
Officer
$90,471 $17,515 $319,084
Stephanie Frame DO Director, Physician 040.00
Director
$256,900 $23,088 $279,988
Russell Plywaczynski VP, Finance February - December 004.00
Officer
$21,014 $45,862 $279,343
Sarah Schimming Physician 040.00
Highest
$260,940 $12,561 $273,501
John Tim Lewis VP, Patient Care Services 005.00
Key Emp
$30,798 $10,182 $247,092
Richard Campbell Director Pharmacy 040.00
Highest
$174,080 $43,548 $217,628
Brandon Williams VP, Operations 012.00
Officer
$54,182 $29,048 $209,655
Rex Tremmel Lead Pharmacist 040.00
Highest
$167,656 $32,971 $200,627
Robin Eckhart VP, Finance January 2024 012.00
Officer
$49,755 $1,504 $167,353
Kimberly Knight Director of Accounting - Controller 040.00
Highest
$131,937 $17,922 $149,859
Barbara Adams Director, President 001.00
Officer Director
$0 $0 $0
Sally Howard Director, Secretary/Treasurer 001.00
Officer Director
$0 $0 $0
Brent Boggs Director 001.00
Director
$0 $0 $0
Tim Sodaro Director, Vice President 001.00
Officer Director
$0 $0 $0
Tyler Long Director 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 $31,715,696 $31,307,331 $19,972,102 $408,365
2023 $28,700,814 $27,473,589 $21,113,862 $1,227,225
2022 $30,116,812 $24,992,801 $22,173,175 $5,124,011
2021 $27,248,640 $22,323,452 $19,373,465 $4,925,188
2020 $23,698,415 $20,926,345 $14,644,574 $2,772,070
2019 $19,759,682 $20,216,243 $5,502,592 $-456,561
2018 $17,472,699 $17,406,219 $6,224,906 $66,480
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