Davis Memorial Hospital
- Assets
- $99.5m
- Revenue
- $120.7m
- Investments
- $3.6m
- Employees
- 976
- Location
- Elkins, WV
- Founding
- 03/1937
- Data as of
- 12/2020
- EIN
- 55-0375433
Organization Overview
Davis Memorial Hospital is located in Elkins, WV. The organization was established in 1937. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Davis Memorial Hospital employed 976 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Davis Memorial Hospital is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Davis Memorial Hospital generated $120.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $117.9m during the year ending 12/2020. While expenses have increased by 3.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Davis Memorial Hospital has awarded 12 individual grants totaling $103,100. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY HEALTH CARE TO RESIDENTS OF ELKINS, WEST VIRGINIA AND SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATED AN 80 BED ACUTE CARE HOSPITAL IN ELKINS, WEST VIRGINIA.CHARGES FOREGONE FOR CHARITY CARE AMOUNTED TO $3,068,381 FOR 2021.
THE HOSPITAL PROVIDED COMMUNITY SUPPORT BY SPONSORING VARIOUS HEALTH FAIRS AND LOCAL NONPROFIT ORGANIZATIONS AND PROVIDING FOOD OR SNACKS FOR VARIOUS COMMUNITY EVENTS TO RESIDENTS OF ELKINS, WV. ADDITIONAL COMMUNITY SUPPORT AND HEALTH EDUCATION INCLUDED: CHILDBIRTH CLASSES, FLU SHOT CLINICS, BREASTFEEDING CLASSES, HEALTHY HEARTS FORUMS, DIABETIC FOOT EXAMS, MAINTAIN DON'T GAIN COMMUNITY PROGRAM AND ORGANIZATION OF COMMUNITY WELLNESS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Benz MD Physician | 40 | $736,434 | |
Mohamed Fahim MD Physician | 40 | $659,763 | |
Walter Boardwine DO Physician | 40 | $563,639 | |
Donald R Fleming MD Physician | 40 | $483,705 | |
Christine Evankovich-Edwardsmd Physician | 40 | $480,525 | |
Vance Jackson CEO | Officer | 40 | $379,719 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wv Gastroenterology & Endoscopy Physicians | 12/30/21 | $2,482,900 |
Medstream Anesthesia Physicians | 12/30/21 | $934,650 |
Tygart Valley Orthopedics Physicians | 12/30/21 | $624,148 |
Psychiatric Medical Care Llc Physicians | 12/30/21 | $614,596 |
University Health Associate Physicians | 12/30/21 | $1,031,449 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $118,845,681 |
| Investment income | $367,952 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $221,172 |
| Net Gain/Loss on Asset Sales | $1,250 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $120,748,268 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,298 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $607,173 |
| Compensation of current officers, directors, key employees. | $260,762 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,247,742 |
| Pension plan accruals and contributions | $1,156,707 |
| Other employee benefits | $8,669,507 |
| Payroll taxes | $2,774,967 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $353,200 |
| Fees for services: Accounting | $64,502 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,099,629 |
| Advertising and promotion | $107,321 |
| Office expenses | $1,667,197 |
| Information technology | $1,980,167 |
| Royalties | $0 |
| Occupancy | $1,060,717 |
| Travel | $125,774 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $719,955 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,487,334 |
| Insurance | $1,239,248 |
| All other expenses | $3,684,460 |
| Total functional expenses | $117,914,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,061,761 |
| Savings and temporary cash investments | $171,708 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,362,854 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $634,582 |
| Inventories for sale or use | $1,613,295 |
| Prepaid expenses and deferred charges | $787,922 |
| Net Land, buildings, and equipment | $34,965,528 |
| Investments—publicly traded securities | $28,235,352 |
| Investments—other securities | $3,562,533 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,055,458 |
| Total assets | $99,450,993 |
| Accounts payable and accrued expenses | $19,626,375 |
| Grants payable | $0 |
| Deferred revenue | $12,508,884 |
| Tax-exempt bond liabilities | $221,105 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,621,604 |
| Unsecured mortgages and notes payable | $1,898,589 |
| Other liabilities | $6,303,472 |
| Total liabilities | $48,180,029 |
| Net assets without donor restrictions | $51,270,964 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $99,450,993 |
Grants Awarded
Over the last fiscal year, Davis Memorial Hospital has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Elkins, WV PURPOSE: Assist in production of county fair, parades, and events. | $10,000 |
COUNTRY ROADS TRANSIT PURPOSE: Maintain and update local assisted living and senior transportation. | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Davis Memorial Hospital has recieved totaling $6,354.
| Awarding Organization | Amount |
|---|---|
Healthcare Education Foundation Of West Virginia Charleston, WV PURPOSE: PROVIDE FOR PURCHASE OF DISASTER PREPAREDNESS SUPPLIES. | $6,354 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Medical Center Of The University Of Pennsylvania Health Philadelphia, PA | $864,132,692 | $1,007,924,819 |
Kettering College Miamisburg, OH | $1,728,903,615 | $1,055,020,178 |
Abington Memorial Hospital Philadelphia, PA | $948,017,930 | $858,404,541 |
Sinai Hospital Of Baltimore Inc Baltimore, MD | $642,141,254 | $936,777,270 |
Saint Joseph Health System Inc Lexington, KY | $961,743,109 | $864,115,504 |
Mary Washington Healthcare Fredericksburg, VA | $593,675,918 | $863,388,863 |
Uofl Health-Louisville Inc Louisville, KY | $577,142,236 | $950,019,808 |
Tower Health Reading, PA | $1,567,530,050 | $562,187,138 |
Cabell Huntington Hospital Inc Huntington, WV | $1,087,986,142 | $722,910,695 |
Pennsylvania Hospital Of The Univ Of Pennsylvania Health System Philadelphia, PA | $773,767,590 | $678,080,811 |
Johns Hopkins Bayview Medical Center Inc Baltimore, MD | $440,914,055 | $670,376,991 |
Kennedy University Hospital Inc Philadelphia, PA | $1,241,829,856 | $668,598,689 |