Charleston Hospital Inc
- Assets
- $49.5m
- Revenue
- $67.2m
- Investments
- $0.0
- Employees
- 530
- Location
- Charleston, WV
- Founding
- 07/2007
- Data as of
- 09/2018
- EIN
- 61-1272692
Organization Overview
Charleston Hospital Inc, operating under the name Saint Francis Hospital, is located in Charleston, WV. The organization was established in 2007. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2018, Saint Francis Hospital employed 530 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 09/2018, Saint Francis Hospital generated $67.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $71.6m during the year ending 09/2018. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A BROAD CONTINUUM OF QUALITY HEALTH CARE SERVICES TO ENHANCE THE WELL-BEING OF THE PEOPLE OF CHARLESTON AND SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES PROVIDED BY THE HOSPITAL INCLUDE 6,795 INPATIENT DAYS, 52,574 OUTPATIENT VISITS, 17,820 AMBULATORY SURGERIES AND 406 OBSERVATION VISITS. THE HOSPITAL PROVIDES CARE TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER ITS CHARITY CARE POLICY WITHOUT CHARGE OR AT AMOUNTS LESS THAN ITS ESTABLISHED RATES. CHARGES FORGONE FOR CHARITY AMOUNTED TO $75,387.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel J Lauffer President/ceo Thomas Health | Officer | 16 | $488,777 |
Renee A Cross VP Of Finance/cfo (termed 7/14/17) | Officer | 16 | $305,467 |
Rebecca J Brannon Vp/chief Nursing Officer | Officer | 24 | $234,451 |
Nathan H Kahn Director Of Pharmacy | 40 | $199,507 | |
Carl B Gardner Pharmacist | 40 | $144,927 | |
Brian Lilly VP Of Quality | 40 | $142,540 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alliance Recruiting Resources Physician Coverage | 9/29/18 | $171,800 |
Professional Anesthesia Services Inc Anesthesia Coverage | 9/29/18 | $967,280 |
Iss Solutions Bio Medical Services | 9/29/18 | $519,411 |
Concise Coding Solutions Contract Coding Service | 9/29/18 | $154,010 |
Security America Inc Security Services | 9/29/18 | $247,012 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,301 |
| Investment income | $186,179 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $613,342 |
| Net Gain/Loss on Asset Sales | $57,615 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $67,193,117 |
| Statement of Expenses | |
|---|---|
| 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. | $864,909 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,783,871 |
| Pension plan accruals and contributions | $523,910 |
| Other employee benefits | $3,358,833 |
| Payroll taxes | $1,248,912 |
| Fees for services: Management | $31,664 |
| Fees for services: Legal | $276,187 |
| Fees for services: Accounting | $92,759 |
| Fees for services: Lobbying | $13,239 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,776,002 |
| Advertising and promotion | $240,422 |
| Office expenses | $4,609,518 |
| Information technology | $1,845,706 |
| Royalties | $0 |
| Occupancy | $2,262,488 |
| Travel | $57,686 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,433,270 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,663,525 |
| Insurance | $1,095,224 |
| All other expenses | $0 |
| Total functional expenses | $71,632,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,279,172 |
| Savings and temporary cash investments | $6,915,266 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,257,128 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,064,469 |
| Prepaid expenses and deferred charges | $495,982 |
| Investments—publicly traded securities | $436,521 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,828,312 |
| Total assets | $49,452,911 |
| Accounts payable and accrued expenses | $10,185,915 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $42,184,741 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $249,218 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $52,619,874 |
| Net assets without donor restrictions | -$3,166,963 |
| 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 |
| Total liabilities and net assets/fund balances | -$3,166,963 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Charleston Hospital Inc has recieved totaling $50,088.
| Awarding Organization | Amount |
|---|---|
Justgive Inc Weston, CT PURPOSE: General Support | $27,500 |
The Foundation For The Thomas Memorial & Saint Francis Hospitals South Charleston, WV PURPOSE: Programs and services to specifically benefit Saint Francis Hospital. | $22,588 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kennedy Medical Group Practice Pc Philadelphia, PA | $19,771,858 | $87,296,138 |
Lansdale Hospital Corporation Philadelphia, PA | $104,891,047 | $84,970,705 |
Mountain View Cancer Associates Inc Pittsburgh, PA | $21,100,812 | $71,775,547 |
Charleston Hospital Inc Charleston, WV | $49,452,911 | $67,193,117 |
Flaget Healthcare Inc Bardstown, KY | $222,327,559 | $75,928,595 |
St Josephs Hospital Of Buckhannon Inc Buckhannon, WV | $46,795,153 | $71,620,100 |
Geisinger-Bloomsburg Hospital Danville, PA | $48,098,618 | $55,290,205 |
Family Health Center Louisville, KY | $49,515,952 | $40,716,262 |
Ashtabula County Medical Center Group Return Ashtabula, OH | $18,566,729 | $41,232,497 |
Gsl Hospital Allentown, PA | $79,865,338 | $16,576,450 |
Hazleton Professional Services Hazleton, PA | $8,784,150 | $28,593,902 |
Potomac Valley Hospital Inc Keyser, WV | $26,214,566 | $34,595,792 |