MONONGALIA HEALTH SYSTEM INC

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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

1983

Legal Domicile

Principal Officer

DAVID S GOLDBERG

Phone

3045981242

Tax Period

2024-01-01 to 2024-12-31

MONONGALIA HEALTH SYSTEM INC, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $58.7M in total revenue in fiscal year 2024. Expenses of $64.5M exceeded revenue, resulting in a 10% operating deficit.

Mission

TO ENHANCE THE HEALTH OF THE COMMUNITIES WE SERVE, ONE PERSON AT A TIME.

Program Service Accomplishments

Program 1

Expenses: $34,152,836 Revenue: $58,234,045

MONONGALIA HEALTH SYSTEM, INC. IS A NOT-FOR-PROFIT ORGANIZATION INCORPORATED FOR THE PURPOSE OF PROVIDING MANAGEMENT, PLANNING, DEVELOPMENT, COORDINATION, AND OTHER ACTIVITIES RELATED TO THE...

MONONGALIA HEALTH SYSTEM, INC. IS A NOT-FOR-PROFIT ORGANIZATION INCORPORATED FOR THE PURPOSE OF PROVIDING MANAGEMENT, PLANNING, DEVELOPMENT, COORDINATION, AND OTHER ACTIVITIES RELATED TO THE PROMOTION OF HEALTH CARE WITHIN THE SYSTEM'S SERVICE AREA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $58,234,045

Investment Income $421,820

Other Revenue $0

TOTAL REVENUE $58,655,865

Expense Breakdown

Grants Paid $218,699

Salaries & Benefits $33,537,964

Fundraising Expenses $0

Program Expenses $34,152,836

Other Expenses $30,785,795

TOTAL EXPENSES $64,542,458

Year-over-Year Comparison

	2024	2023	Change
Revenue	$58,655,865	$57,743,308	+0.0%
Expenses	$64,542,458	$58,439,849	+0.1%
Net Income	$-5,886,593	$-696,541	+7.5%

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

203

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

$4,468,079

Total Directors

$3,106,284

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID L RAMSEY	DIRECTOR & VANDALIA CEO	1.00	Director	$0	$131,607	$2,058,561
DAVID GOLDBERG	DIRECTOR & MHS CEO	40.00	Officer Director	$463,686	$51,139	$1,047,723
ED BOYLE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN LAW CPA	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
KATHY MCNEILL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
GREGORY CUNNINGHAM	DIRECTOR	1.00	Director	$0	$0	$0
HUGH HITCHCOCK	DIRECTOR	1.00	Director	$0	$0	$0
JOHN KABLER	DIRECTOR	1.00	Director	$0	$0	$0
MARK JOHNSON MD	DIRECTOR (END 05/24)	1.00	Director	$0	$0	$0
MIKE MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
NATALIE STONE	DIRECTOR	1.00	Director	$0	$0	$0
RAY THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
RODNEY BEAN	DIRECTOR	1.00	Director	$0	$0	$0
RONALD G STOVASH	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN CAPELLE MD	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM HARTMAN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF SANDENE	CFO	5.00	Officer	$0	$250,403	$1,211,201
KRYSTAL ATKINSON	CAO/CNO	50.00	Officer	$183,623	$58,305	$508,519
KATHERINE DAVISON	CHRO	50.00	Officer	$137,787	$37,387	$371,126
KEVIN STALNAKER	CAO	1.00	Officer	$126,828	$53,177	$350,332
MELISSA LOCKWOOD	CAO/PRESTON	10.00	Officer	$127,892	$26,627	$335,796
RICK SCHERICH	VP FINANCE	30.00	Officer	$108,543	$50,854	$329,987
KEVIN GESSLER	VP FINANCE	10.00	Officer	$123,519	$21,515	$313,395
KAREN FRIGGENS	FORMER OFFICER (END 12/23)	0.00		$112,817	$32,795	$309,471
JENNIFER NESTOR	FORMER OFFICER (END 12/23)	10.00		$55,164	$10,779	$186,935

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	$58,655,865	$64,542,458	$112,468,301	$-5,886,593
2023	$57,743,308	$58,439,849	$77,802,996	$-696,541
2022	$48,057,054	$52,155,550	$86,123,608	$-4,098,496
2022	$25,250,603	$26,782,116	$77,838,169	$-1,531,513
2021	$33,955,146	$35,887,590	$96,464,249	$-1,932,444
2020	$16,010,701	$18,088,028	$86,745,766	$-2,077,327
2019	$10,859,409	$9,302,330	$100,850,626	$1,557,079
2018	$9,277,271	$9,605,888	$99,312,968	$-328,617