West Virginia University Medical Corporation

Organization Overview

West Virginia University Medical Corporation, operating under the name University Health Associates, is located in Morgantown, WV. The organization was established in 1973. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2019, University Health Associates employed 1,622 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, University Health Associates generated $531.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $526.9m during the year ending 12/2019. While expenses have increased by 14.4% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT THE WEST VIRGINIA UNIVERSITY SCHOOL OF MEDICINE IN THE FURTHERANCE OF ITS CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CORPORATION SUPPORTED FACULTY PHYSICIANS OF THE WEST VIRGINIA SCHOOL OF MEDICINE IN THEIR PROVISION OF MEDICAL SERVICES WITH APPROXIMATELY 1,377,595 PATIENT VISITS DURING 2019. THE CORPORATION CONTINUOUSLY MEETS ITS EXEMPT PURPOSE BY PROVIDING FUNDS TO THE STATE-SUPPORTED WEST VIRGINIA UNIVERSITY SCHOOL OF MEDICINE. BY PROVIDING THESE FUNDS, THE CORPORATION HAS BOTH LESSENED THE BURDENS TO GOVERNMENT AND ADVANCED GRADUATE MEDICAL EDUCATION IN WEST VIRGINIA. AS PART OF ITS MISSION TO SUPPORT THE SCHOOL OF MEDICINE, THE CORPORATION INCURRED EXPENDITURES FOR PROFESSIONAL LIABILITY PREMIUMS ON BEHALF OF THE FACULTY PHYSICIANS OF THE SCHOOL OF MEDICINE. THE CORPORATION HAS ALSO LESSENED THE BURDENS ON GOVERNMENT BY RELIEVING POVERTY IN WEST VIRGINIA BY SUPPORTING THE FACULTY PHYSICIANS IN THEIR PROVISION OF CHARITY CARE.


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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$528,689,612
Investment income $2,362,712
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $600
Net Gain/Loss on Asset Sales -$21,415
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $531,045,841

Grants Recieved

Over the last fiscal year, we have identified 1 grants that West Virginia University Medical Corporation has recieved totaling $10,285.

Awarding OrganizationAmount
Friends Of University Hospital

Morgantown, WV

PURPOSE: Gala Sponsor

$10,285
View Grant Recipient Profile

Peer Organizations

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