Webster County Memorial Hospital (EIN 556005561) - 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

1951

Legal Domicile

Principal Officer

William Dempsey

Phone

3048475682

Tax Period

2020-07-01 to 2021-06-30

Webster County Memorial Hospital, founded in 1951, is a mid-sized nonprofit that reported $22.0M in total revenue in fiscal year 2020. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $18.9M left a modest 14% surplus.

Mission

To provide acute short-term care to residents of Webster and surrounding counties of West Virginia.

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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 (2020)

Revenue Breakdown

Contributions & Grants $139,587

Program Service Revenue $17,982,743

Investment Income $3,255

Other Revenue $3,855,794

TOTAL REVENUE $21,981,379

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,705,283

Fundraising Expenses $0

Program Expenses $15,249,843

Other Expenses $7,226,905

TOTAL EXPENSES $18,932,188

Year-over-Year Comparison

	2020	2019	Change
Revenue	$21,981,379	$17,628,312	+0.2%
Expenses	$18,932,188	$17,929,743	+0.1%
Net Income	$3,049,191	$-301,431	-11.1%

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

232

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

$55,825

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary Anne Carpenter	Chair	1.00	Officer Director	$0	$0	$0
Christopher Graham	Vice Chair	1.00	Officer Director	$0	$0	$0
Larry Lynch	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Betsy Morris	Trustee	1.00	Director	$0	$0	$0
Karen Dotson	Trustee	1.00	Director	$0	$0	$0
Keith Hamrick	Trustee	1.00	Director	$0	$0	$0
Jim Phares	Trustee	1.00	Director	$0	$0	$0
James Parker	CEO (termed 10/27/2020)	40.00	Officer	$0	$0	$0
Dalila Miller	Director of Business Operations	40.00	Officer	$54,525	$1,300	$55,825
William Dempsey	CEO as of 3/14/2021	40.00	Officer	$0	$0	$0
Frankie Pucket MD	ER Director	40.00	Highest	$681,834	$0	$681,834
Robert Sutherland MD	ER Physician	40.00	Highest	$275,575	$0	$275,575
Johathan Beam MD	Pharmacist	40.00	Highest	$171,647	$0	$171,647
Jeanette Boyce MD	Physician	40.00	Highest	$162,080	$0	$162,080
Janak Patel MD	Chief of Staff	40.00	Highest	$390,416	$0	$390,416

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
2021	$21,981,379	$18,932,188	$11,179,382	$3,049,191
2021	$10,023,837	$10,656,821	$9,245,641	$-632,984
2020	$17,628,312	$17,929,743	$12,060,560	$-301,431
2019	$19,126,075	$17,724,799	$5,827,077	$1,401,276
2018	$19,693,889	$18,460,745	$5,048,497	$1,233,144

Webster County Memorial Hospital