RAINELLE MEDICAL CENTER 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

1988

Legal Domicile

Principal Officer

RONALD FLESHMAN

Phone

3044386188

Tax Period

2023-07-01 to 2024-06-30

RAINELLE MEDICAL CENTER INC, founded in 1988, is a mid-sized nonprofit in the Health Care sector that reported $32.2M in total revenue in fiscal year 2023.

Mission

TO PROVIDE MEDICAL SERVICES TO THE RESIDENTS OF RAINELLE, WV, MEADOW BRIDGE, WV, AND THE SURROUNDING AREAS.

Program Service Accomplishments

Program 1

Expenses: $29,612,212 Revenue: $27,505,091

TO PROVIDE MEDICAL SERVICES TO RURAL WEST VIRGINIA. THE CENTER PROVIDED OVER 82,000 PATIENT ENCOUNTERS AS WELL AS A SIGNIFICANT AMOUNT OF FREE OR REDUCED CARE, FREE DRUGS, AND FREE SUPPLIES TO ITS...

TO PROVIDE MEDICAL SERVICES TO RURAL WEST VIRGINIA. THE CENTER PROVIDED OVER 82,000 PATIENT ENCOUNTERS AS WELL AS A SIGNIFICANT AMOUNT OF FREE OR REDUCED CARE, FREE DRUGS, AND FREE SUPPLIES TO ITS PATIENTS.

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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 $4,556,102

Program Service Revenue $27,505,091

Investment Income $128,947

Other Revenue $0

TOTAL REVENUE $32,190,140

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,219,654

Fundraising Expenses $0

Program Expenses $29,612,212

Other Expenses $11,620,795

TOTAL EXPENSES $32,840,449

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,190,140	$30,953,309	+0.0%
Expenses	$32,840,449	$29,381,283	+0.1%
Net Income	$-650,309	$1,572,026	-1.4%

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

266

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

$607,312

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVIDA FARLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
LUANA L BROOKMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
NINA BLANKENSHIP	BOARD MEMBER	1.00	Director	$0	$0	$0
HENRY BIVENS	BOARD MEMBER	1.00	Director	$0	$0	$0
BARRY CRIST	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSE BOONE	BOARD MEMBER	1.00	Director	$0	$0	$0
RON FLESHMAN	PRESIDENT	4.00	Officer	$0	$0	$0
GARY VERONNEAU	VICE PRESIDENT	4.00	Officer	$0	$0	$0
KIM HOWARD	SECRETARY	4.00	Officer	$0	$0	$0
JAMES GRAY	TREASURER	4.00	Officer	$0	$0	$0
KRISTI ATHA-RADER	CHIEF EXECUTIVE OFFICER	40.00	Officer	$352,701	$7,089	$359,790
CHRISTOPHER CLAY	CFO	40.00	Officer	$237,615	$9,907	$247,522
ROBERT OLEXO	DO	40.00	Highest	$293,594	$8,384	$301,978
LISA KESSLER DO	DO	40.00	Highest	$290,675	$6,445	$297,120
JESSICA WICKLINE	DO	40.00	Highest	$254,976	$3,404	$258,380
DAVID HYLER-BOTH	DO	40.00	Highest	$245,248	$7,758	$253,006
CHRISTOPHER MARTIN	DO	40.00	Highest	$239,112	$9,770	$248,882

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
2025	No data	No data	No data	No data
2024	$32,190,140	$32,840,449	$16,800,908	$-650,309
2023	$30,953,309	$29,381,283	$18,189,652	$1,572,026
2022	$24,541,697	$24,977,948	$14,962,212	$-436,251
2021	$23,641,251	$21,535,748	$14,668,706	$2,105,503
2020	$19,882,425	$16,291,652	$15,970,679	$3,590,773
2019	$14,748,076	$13,403,977	$8,878,545	$1,344,099
2018	$11,928,166	$11,982,025	$6,863,466	$-53,859