Weirton Medical Center Inc
- Assets
- $136.4m
- Revenue
- $205.1m
- Investments
- $3.2m
- Employees
- 1,766
- Location
- Weirton, WV
- Founding
- 06/1956
- Data as of
- 06/2021
- EIN
- 55-0387249
Organization Overview
Weirton Medical Center Inc, operating under the name Weirton Medical Center, is located in Weirton, WV. The organization was established in 1956. 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 06/2021, Weirton Medical Center employed 1,766 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Weirton Medical Center 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 06/2021, Weirton Medical Center generated $205.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $203.8m during the year ending 06/2021. While expenses have increased by 3.0% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WEIRTON MEDICAL CENTER, IN PARTNERSHIP WITH PHYSICIANS, WILL LEAD THE TRI-STATE AREA IN THE PROVISION OF COORDINATED, SAFE, EFFECTIVE, QUALITY HEALTHCARE SERVICES THROUGH A PROCESS OF TEAMWORK, INNOVATION, AND CONTINUOUS IMPROVEMENT.
Describe the Organization's Program Activity:
THE MEDICAL CENTER PROVIDED INPATIENT, OUTPATIENT, EMERGENCY, PSYCHIATRIC, HOME HEALTH, PHYSICIAN AND SKILLED NURSING SERVICES INCLUDING 31,198 INPATIENT DAYS, 489,704 OUTPATIENT VISITS, 31,238 EMERGENCY ROOM VISITS AND 50,177 HOME HEALTH VISITS. CHARGES FOREGONE FOR CHARITY AMOUNTED TO $4,148,894.
THE MEDICAL CENTER PROVIDED VARIOUS COMMUNITY HEALTH IMPROVEMENT AND EDUCATIONAL SERVICES THROUGHOUT THE COMMUNITY AT LOCAL SCHOOLS, BUSINESSES, AND CHURCHES. THE CENTER ALSO PROVIDED IN-HOUSE EDUCATIONAL SEMINARS; HEALTH & WELLNESS FAIRS; DIRECT TO CONSUMER LABORATORY BLOOD ANALYSIS TESTING; HEALTH CLINICS; CHOLESTEROL SCREENING; PROSTATE SCREENINGS; TUITION PAID FOR NURSING STUDENTS; AND OTHER HEALTH RELATED EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Cherian MD Physician | 40 | $860,840 | |
Vardhan J Reddy MD Physician | 40 | $849,521 | |
Cherian John MD Physician | 40 | $836,305 | |
Damian M Rispoli MD Physician | 40 | $735,843 | |
Atul Shetty MD Physician | 40 | $726,009 | |
John C Frankovitch Ceo/treasurer/president | OfficerTrustee | 40 | $512,589 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Siemen's Healthcare Diagnostics Contracted Medical Services | 6/29/21 | $778,115 |
Cerner Health Services Inc It | 6/29/21 | $5,656,580 |
Arup Inc Reference Lab | 6/29/21 | $1,013,935 |
Vitalant Contracted Medical Services | 6/29/21 | $891,916 |
Allegheny Health Network Contracted Medical Services | 6/29/21 | $1,080,000 |
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 | $147,263 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,263 |
| Total Program Service Revenue | $198,620,508 |
| Investment income | $562,708 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,610,562 |
| Net Gain/Loss on Asset Sales | $1,049,903 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $205,077,098 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $73,792 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,231,562 |
| Compensation of current officers, directors, key employees. | $681,519 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,984,720 |
| Pension plan accruals and contributions | $787,244 |
| Other employee benefits | $14,477,535 |
| Payroll taxes | $5,868,220 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,107,148 |
| Fees for services: Accounting | $119,742 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $113,512 |
| Fees for services: Other | $15,452,437 |
| Advertising and promotion | $1,006,586 |
| Office expenses | $8,119,484 |
| Information technology | $4,070,647 |
| Royalties | $0 |
| Occupancy | $5,013,739 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,718,585 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,939,124 |
| Insurance | $2,330,424 |
| All other expenses | $4,126,759 |
| Total functional expenses | $203,785,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,376,596 |
| Savings and temporary cash investments | $35,544,274 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,677,541 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,325,843 |
| Prepaid expenses and deferred charges | $1,406,762 |
| Net Land, buildings, and equipment | $28,587,880 |
| Investments—publicly traded securities | $34,021,976 |
| Investments—other securities | $3,159,552 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,277,959 |
| Total assets | $136,378,383 |
| Accounts payable and accrued expenses | $18,729,225 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $50,614,349 |
| Unsecured mortgages and notes payable | $2,047,137 |
| Other liabilities | $36,829,105 |
| Total liabilities | $108,219,816 |
| Net assets without donor restrictions | $27,897,893 |
| Net assets with donor restrictions | $260,674 |
| 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 | $136,378,383 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Weirton Medical Center Inc has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Weirton United Way Weirton, WV | | $6,000 |
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 |