West Virginia University Hospitals Inc

EIN: 550643304 501(c)(3) Health Care

Morgantown, WV

Total Revenue
$2,105,869,583
Total Expenses
$2,050,412,817
Total Assets
$2,322,128,639
Net Assets
$1,014,666,820
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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
WV
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 WVUH exists to provide a quality healthcare system, including tertiary services, to the citizens of WV and the surrounding region. Equally important, WVUH is committed by law and philosophy to be the primary clinical site for the education and research programs of the WVU Health Sciences Center.

Program Service Accomplishments

Program 1
Expenses: $263,288,540 Revenue: $299,059,090

Internal Medicine - The Internal Medicine Department of WVU Hospitals provides comprehensive primary care to adults. Coordinated care is provided for patients in both an outpatient and inpatient...

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Internal Medicine - The Internal Medicine Department of WVU Hospitals provides comprehensive primary care to adults. Coordinated care is provided for patients in both an outpatient and inpatient setting. Members of the internal medicine department provide a variety of patient care services including checkups for health promotion and disease prevention, pre-employment physicals for all new employees, pre-operative assessments, routine care of common medical illnesses, and ongoing medical management and coordination of care for complex disease states.

Program 2
Expenses: $133,410,491 Revenue: $163,785,190

Hematology/Oncology - The Hematology and Oncology Departments of WVU Hospitals diagnose and treat all adult malignant disorders and diseases of the blood, including anemia, leukemia, lymphoma, and...

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Hematology/Oncology - The Hematology and Oncology Departments of WVU Hospitals diagnose and treat all adult malignant disorders and diseases of the blood, including anemia, leukemia, lymphoma, and bleeding problems. Our doctors, nurses, and staff offer state-of-the-art care in a personalized and compassionate environment. Our services include evaluating and diagnosing cancer and blood disorders, cancer chemotherapy, targeted therapies, and immunotherapy.

Program 3
Expenses: $79,502,757 Revenue: $99,155,438

Cardiology - Our cardiologists offer comprehensive evaluation and management of diseases of the heart and circulatory system and work with primary care physicians to ensure coordinated, continuous...

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Cardiology - Our cardiologists offer comprehensive evaluation and management of diseases of the heart and circulatory system and work with primary care physicians to ensure coordinated, continuous care. Our faculty have expertise in every aspect of cardiac care, ranging from standard procedures such as outpatient consultation, echocardiography, and angiography to advanced clinical research into heart failure, preventive cardiology, and radio-frequency ablation. Special services include physical fitness evaluation, non-invasive and invasive studies, interventional procedures, and radioisotope examinations of the heart.

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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 $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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Governance

Voting Members
15
Independent Members
14
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
19
$7,767,492
Total Directors
16
$138,700
Key Employees
0
$0
Highest Compensated
5
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
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