HEALTHCARE EDUCATION FOUNDATION OF WEST VIRGINIA

EIN: 556028466 501(c)(3)

CHARLESTON, WV

Total Revenue
$3,107,831
Total Expenses
$3,193,856
Total Assets
$1,881,189
Net Assets
$-2,184,849
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
WV
Principal Officer
M JAMES KAUFMAN
Phone
3043449744
Tax Period
2023-01-01 to 2023-12-31

HEALTHCARE EDUCATION FOUNDATION OF WEST VIRGINIA, founded in 1966, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2023.

Mission

THE HEALTHCARE EDUCATION FOUNDATION (HEF) OF WEST VIRGINIA, INC. IS A NON-PROFIT SUBSIDIARY OF THE WEST VIRGINIA HOSPITAL ASSOCIATION (WVHA). THE PURPOSE OF THE HEF IS TO PROVIDE EDUCATION TO WVHA MEMBERS, AS WELL AS TECHNICAL SUPPORT IN SPECIFIC SERVICE AREAS.

Program Service Accomplishments

Program 1
Expenses: $2,455,441 Revenue: $435,079

EDUCATE THE HEALTHCARE COMMUNITY IN WEST VIRGINIA BY HOSTING GRANTS THAT CONCENTRATED ON: EMERGENCY PREPAREDNESS, BREASTFEEDING AND EDUCATION FOR MOTHERS, AND TOBACCO CESSATION FOR ALL MEMBERS OF THE...

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EDUCATE THE HEALTHCARE COMMUNITY IN WEST VIRGINIA BY HOSTING GRANTS THAT CONCENTRATED ON: EMERGENCY PREPAREDNESS, BREASTFEEDING AND EDUCATION FOR MOTHERS, AND TOBACCO CESSATION FOR ALL MEMBERS OF THE COMMUNITY.

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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 $2,637,954
Program Service Revenue $435,079
Investment Income $34,798
Other Revenue $0
TOTAL REVENUE $3,107,831

Expense Breakdown

Grants Paid $1,141,000
Salaries & Benefits $355,321
Fundraising Expenses $0
Program Expenses $2,455,441
Other Expenses $1,697,535
TOTAL EXPENSES $3,193,856

Year-over-Year Comparison

2023 2022 Change
Revenue $3,107,831 $3,006,964 +0.0%
Expenses $3,193,856 $3,259,821 0.0%
Net Income $-86,025 $-252,857 -0.7%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
4
Employees
3
Volunteers
4

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
3
$987,872
Total Directors
5
$675,805
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANGELA SWEARINGEN CHAIR 5.00
Officer Director
$0 $0 $0
JAMES KAUFMAN SECRETARY/TREASURER (WVHA CEO) 5.00
Officer Director
$0 $89,613 $675,805
SEAN SMITH TRUSTEE 5.00
Director
$0 $0 $0
MICHELLE DEEDS TRUSTEE 5.00
Director
$0 $0 $0
VICTORIA JONES TRUSTEE 5.00
Director
$0 $0 $0
MELANIE DEMPSEY VP FINANCIAL POLICY 10.00
Officer
$0 $27,931 $312,067
SAMANTHA STAMPER DIRECTOR 40.00
Highest
$112,456 $6,657 $119,113
JOSEPH M LETNAUNCHYN FORMER WVHA CEO 0.00
$0 $0 $228,184
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 $3,107,831 $3,193,856 $1,881,189 $-86,025
2022 $3,006,964 $3,259,821 $1,665,849 $-252,857
2021 $3,879,438 $4,066,797 $997,259 $-187,359
2020 $3,299,496 $3,759,232 $534,061 $-459,736
2019 $2,076,862 $2,211,302 $505,561 $-134,440
2018 $1,929,927 $2,087,696 $916,277 $-157,769
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