WEBSTER MEMORIAL HOSPITAL

EIN: 871759588 501(c)(3) Health Care

WEBSTER SPRINGS, WV

Total Revenue
$16,582,518
Total Expenses
$20,063,677
Total Assets
$5,843,553
Net Assets
$3,371,013
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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
2019
Legal Domicile
WV
Principal Officer
WILLIAM DEMPSEY
Phone
3048475682
Tax Period
2023-01-01 to 2023-12-31

WEBSTER MEMORIAL HOSPITAL, founded in 2019, is a mid-sized nonprofit in the Health Care sector that reported $16.6M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $20.1M exceeded revenue, resulting in a 21% operating deficit.

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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $16,516,142
Investment Income $0
Other Revenue $66,376
TOTAL REVENUE $16,582,518

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,504,539
Fundraising Expenses $0
Program Expenses $14,481,913
Other Expenses $8,559,138
TOTAL EXPENSES $20,063,677

Year-over-Year Comparison

2023 2022 Change
Revenue $16,582,518 $19,166,243 -0.1%
Expenses $20,063,677 $21,649,698 -0.1%
Net Income $-3,481,159 $-2,483,455 +0.4%
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

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Governance

Voting Members
8
Independent Members
6
Employees
225
Volunteers
6

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
6
$668,388
Total Directors
9
$499,020
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VANCE JACKSON DHS CEO 1.00
Officer Director
$0 $16,877 $332,419
WILLIAM KOCH VP OF FINANCE AND CFO 5.00
Officer Director
$0 $1,587 $166,601
CHRISTOPHER GRAHAM VICE CHAIRPERSON 1.00
Officer Director
$0 $0 $0
KAREN DOTSON SECRETARY/ TREASURER 1.00
Officer Director
$0 $0 $0
MARY ANNE CARPENTER CHAIRPERSON 1.00
Officer Director
$0 $0 $0
DAVE MORRIS TRUSTEE 1.00
Director
$0 $0 $0
JAMES PHARES III TRUSTEE 1.00
Director
$0 $0 $0
KEITH HAMRICK TRUSTEE 1.00
Director
$0 $0 $0
LARRY LYNCH TRUSTEE (END 09/23) 1.00
Director
$0 $0 $0
WILLIAM DEMPSEY CEO 40.00
Officer
$0 $23,489 $169,368
FRANKIE PUCKETT PHYSICIAN 40.00
Highest
$892,740 $8,927 $901,667
CHELSEA DONATHAN PHYSICIAN 40.00
Highest
$441,306 $4,413 $445,719
TERRY SANDERS PHYSICIAN 40.00
Highest
$274,700 $0 $274,700
JONATHAN BEAM PHYSICIAN 40.00
Highest
$176,380 $1,764 $178,144
JEANETTE BOYCE PHYSICIAN 40.00
Highest
$157,512 $1,575 $159,087
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 $16,582,518 $20,063,677 $5,843,553 $-3,481,159
2022 $19,166,243 $21,649,698 $6,538,128 $-2,483,455
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