West Virginia University Hospitals Inc (EIN 550643304) - 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

1984

Legal Domicile

Principal Officer

Michael Grace

Phone

3045984000

Tax Period

2023-01-01 to 2023-12-31

West Virginia University Hospitals Inc, founded in 1984, is a large national nonprofit in the Health Care sector that reported $2.1B in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

WVU Hospitals exists to provide a quality healthcare system, including tertiary services, to the citizens of WV and the surrounding region.

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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 $1,899,031

Program Service Revenue $1,815,130,718

Investment Income $21,770,925

Other Revenue $267,068,909

TOTAL REVENUE $2,105,869,583

Expense Breakdown

Grants Paid $1,655,180

Salaries & Benefits $675,008,556

Fundraising Expenses $0

Program Expenses $1,716,627,742

Other Expenses $1,373,749,081

TOTAL EXPENSES $2,050,412,817

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,105,869,583	$1,907,920,936	+0.1%
Expenses	$2,050,412,817	$1,779,412,941	+0.2%
Net Income	$55,456,766	$128,507,995	-0.6%

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

10044

Volunteers

510

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

$7,767,492

Total Directors

$138,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Grace	President	060.00	Officer	$995,690	$151,179	$1,146,869
Michael Edmond MD	WVUHS/WVUH/UHA CMO	N/A	Officer	$0	$145,459	$887,362
Melissa McCoy	VP Finance/CFO	N/A	Officer	$0	$109,094	$628,327
Amy Bush	Chief Operating Officer - Childrens	040.00	Officer	$532,007	$92,076	$624,083
Frank Briggs	VP, WVU Heart Vascular institute	040.00	Officer	$430,541	$86,389	$516,930
Douglas Mitchell	VP Chief Nursing Officer	040.00	Officer	$400,758	$66,696	$467,454
Anthony Condia	VP Marketing and Communications	020.00	Officer	$202,802	$60,096	$465,700
Justin Gibson	VP, Finance	040.00	Officer	$384,015	$76,585	$460,600
Michael Shullo	Vice President Transplant Program	040.00	Officer	$364,443	$76,762	$441,205
Nathan Burt	VP, Operations	040.00	Officer	$343,303	$72,322	$415,625
Karyn Wallace	VP, Neuroscience	037.00	Officer	$361,166	$54,293	$415,459
Colleen Sybert	VP, Human Resources	040.00	Officer	$289,445	$65,728	$355,173
Edward Harrison	VP, Cancer Services	040.00	Officer	$300,422	$38,600	$339,022
Mary Fanning	VP, Nursing Clinical Services	040.00	Officer	$313,306	$22,790	$336,096
Joshua Hack	Chief Medical Physicist	040.00	Highest	$280,810	$28,939	$309,749
Louie Sokos	AVP Specialty Pharmacy	040.00	Highest	$265,730	$41,306	$307,036
Rachel Blasko	VP Operations - Childrens	040.00	Highest	$258,426	$39,773	$298,199
Deborah Falconi	Administrator Tactical Relationships Implementation	040.00	Highest	$256,208	$40,790	$296,998
Amy Moneypenny	Registered Nurse	040.00	Highest	$273,376	$22,083	$295,459
Aaron Yanuzo	COO - Fairmont Medical Center	040.00	Officer	$247,043	$20,544	$267,587
Robert Anthony	Director, Employee Representation	040.00	Director	$116,161	$22,539	$138,700
E Gordon Gee PhD	Director, Chairperson	001.00	Officer Director	$0	$0	$0
Ellen Cappellanti	Director, Vice Chair	001.00	Officer Director	$0	$0	$0
Steve Meurer	Director, Secretary	001.00	Officer Director	$0	$0	$0
Scott Roach	Director, Treasurer	001.00	Officer Director	$0	$0	$0
David Satterfield	Director	001.00	Director	$0	$0	$0
Michelle Rotellini	Director	001.00	Director	$0	$0	$0
N/A	Director	001.00	Director	$0	$0	$0
Sarah Tucker Ph D	Director	001.00	Director	$0	$0	$0
Randy Williams	Director	001.00	Director	$0	$0	$0
Clay Marsh MD	Director / Vice President of HSC	001.00	Director	$0	$0	$0
Paula Congelio	Director	001.00	Director	$0	$0	$0
Ben Statler	Director, January - August	001.00	Director	$0	$0	$0
Steve Ferguson	Director	001.00	Director	$0	$0	$0
Kevin Craig	Director, August - December	001.00	Director	$0	$0	$0
Christopher Kiefer MD	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	No data	No data	No data	No data
2023	$2,105,869,583	$2,050,412,817	$2,322,128,639	$55,456,766
2022	$1,907,920,936	$1,779,412,941	$2,040,883,973	$128,507,995
2021	$1,704,998,057	$1,603,062,498	$2,112,822,502	$101,935,559
2020	$1,481,058,173	$1,451,058,051	$2,007,918,820	$30,000,122
2019	$1,383,171,994	$1,345,086,247	$1,836,549,757	$38,085,747
2018	$1,257,491,096	$1,218,488,888	$1,726,543,865	$39,002,208

West Virginia University Hospitals Inc