Hospital Development Co FY2020 filing

Tax-deductible

Spencer, WV501(c)(3)Since 1966EIN 55-0484469

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Roane General Hospital is dedicated to the delivery of high-quality, cost effective health care to all members of our community. The work we do makes a difference in people's lives.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$3.3M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $582K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.3M
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $66K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$39.3M
71% of total assets
Worth a look: liabilities are 71% of assets; over 65%.
Pt X · Ln 26
Independent board members
14
of 16 voting members
Looks good: 14 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$46.1M
Spent
$44.8M
To programs
78%
Net assets
$16.1M
By yearFY2020–FY2024
Revenue
$46.1M
FY2020
Revenue by fiscal year
FY2020$46.1M
FY2021$52.0M
FY2022$56.6M
FY2023$62.5M
FY2024$66.9M
FY2024$79.7M
Expenses
$44.8M
FY2020
Expenses by fiscal year
FY2020$44.8M
FY2021$49.3M
FY2022$58.2M
FY2023$62.5M
FY2024$66.3M
FY2024$70.5M
Net assets
$16.1M
FY2020
Net assets by fiscal year
FY2020$16.1M
FY2021$18.6M
FY2022$16.2M
FY2023$16.5M
FY2024$18.0M
FY2024$27.6M

From the FY2020 Form 990 (year ending September 2020) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1966.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $34.8M Management & general 22% · $10.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

23 people listed on the 990; $3.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$524,295Pt VII · Sec A
Chief of Med Staff
$499,227Pt VII · Sec A
$454,747Pt VII · Sec A
$448,153Pt VII · Sec A
Board Member/CEO
$380,844Pt VII · Sec A
$364,325Pt VII · Sec A
$341,639Pt VII · Sec A
Chief Clinical Officer
$168,083Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Stephen Groves MD—$668,696$521,205$561,033$502,534$454,747
Brent Watson MD$636,097$634,197$589,976$551,583$480,219$448,153
Scott Duffy MD$516,614$611,664$602,422$611,476$545,551$499,227
Doug Bentz$452,336$407,632$597,140$380,212$406,381$380,844
Richard Bowman MD$341,033$378,632$387,890$480,311$511,759$524,295
Phillip Prusack—$521,939————
Christopher Lambert MD——$393,092$458,503$428,118$341,639
Hong-Kin Ng MD$441,658$405,164$368,541$386,602$384,915—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves community health through disease prevention, treatment, and medical education.

Provided by the organization

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3 program services account for $34.8M of program spending, described in the organization's own filed words · FY2019.
01

Roane General Hospital generated gross revenue of $87,136,795 of which $48,893,845 was uncollectible due to contractual agreements with Medicare, Medicaid and other third-party payors. Bad debts due to inability or unwillingness of patients to pay amounted to $2,808,345.

$34.8Mprogram expense
02

The Hospital provided community health education and health screening services at reduced fees during the year including health fairs; diabetes education seminars and screenings; and sports physicals. The Hospital served a total of 4,748 community participants through its community health education and health screening programs.

$22Kprogram expense
03

As a Critical Access hospital we provided health care services to our community which included the following days of care: Skilled/Intermediate Care Facility 11,373; Swing 1,921; Respite 54; and Acute Care 461.Additionally, we provided 31,826 outpatient diagnostic visits; 6,290 emergency room visits and 31,506 rural health clinic…

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$66K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$46.1M
Ln 12
Fees for servicesLn 2g$40.1M
Other incomeLn 4–11$5.6M
Investment incomeLn 3$262K
Money outPt IX
$44.8M
Ln 25
Programscol B$34.8M
Managementcol C$10.0M
Owns and owesPt X
$16.1M
net assets · Ln 32
Cash and savingsLn 1–2$23.9M
Total assetsLn 16$55.3M
LiabilitiesLn 26$39.3M
PeoplePt VI, VII
23
listed · VII A
PaidVII A9
Voting boardVI 1a16
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$132K
Fees for servicesLn 2g$40.1M
Investment incomeLn 3$262K
Other incomeLn 4–11$5.6M
Gains on assetsLn 7$2K
Total revenueLn 12$46.1M
Assets in detailPt X, end of year
CashLn 1$487K
SavingsLn 2$23.4M
Cash and savings togetherLn 1–2$23.9M
InvestmentsLn 11–13$2.6M
Land, buildings, equipmentLn 10c$22.2M
Other assetsLn 15$1.2M
Total assetsLn 16$55.3M
LiabilitiesLn 26$39.3M
Net assetsLn 32$16.1M
OperationsPt I, VI
EmployeesI 5445
VolunteersI 635
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$6.7M$23.9M
InvestmentsLn 11–13$2.4M$2.6M
Land, buildings, equipmentLn 10c$11.2M$22.2M
Total assetsLn 16$26.7M$55.3M
LiabilitiesLn 26$12.3M$39.3M
Net assetsLn 32$14.4M$16.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.4M$992K$388K
Other salaries and wagesLn 7$17.6M$12.6M$4.9M
Pension plan contributionsLn 8$507K$364K$143K
Other employee benefitsLn 9$3.7M$2.6M$1.0M
Payroll taxesLn 10$1.2M$870K$341K
Legal feesLn 11b$69K$69K
Other fees for servicesLn 11g$3.7M$3.0M$762K
Advertising and promotionLn 12$136K$97K$38K
Office expensesLn 13$2.0M$1.5M$569K
Information technologyLn 14$1.1M$821K$322K
OccupancyLn 16$342K$245K$96K
TravelLn 17$17K$12K$5K
InterestLn 20$224K$224K
Depreciation, depletion and amortizationLn 22$1.4M$998K$391K
InsuranceLn 23$380K$273K$107K
Other expenses (24a–d)Ln 24$9.9M$9.6M$303K
All other expensesLn 24e$1.1M$798K$313K
Total functional expensesLn 25$44.8M$34.8M$10.0M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $66.9M$66.3M$521K$18.0M 990 PDF
FY2023 $62.5M$62.5M−$10K$16.5M 990 PDF
FY2022 $56.6M$58.2M−$1.6M$16.2M 990 PDF
FY2021 $52.0M$49.3M$2.7M$18.6M 990 PDF
FY2020 Viewing $46.1M$44.8M$1.3M$16.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $46,111,124 across 7 lines filed
Lines not itemized here account for $280,624 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$132,282
VIII-1h Total contributions, gifts and grants$132,282
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $40,078,898$40,078,898
VIII-3 Investment incomeExcluded from tax $259,693$259,693
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,107$2,107
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,357,520$5,357,520
VIII-12 Total revenueRelated to mission $45,717,042 · Unrelated business $0 · Excluded from tax $261,800$46,111,124
Part IX · Statement of functional expenses $44,828,787 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $991,633 · Management $388,318$1,379,951
IX-7 Other salaries and wagesPrograms $12,624,107 · Management $4,943,535$17,567,642
IX-8 Pension plan contributionsPrograms $364,376 · Management $142,688$507,064
IX-9 Other employee benefitsPrograms $2,627,457 · Management $1,028,898$3,656,355
IX-10 Payroll taxesPrograms $869,860 · Management $340,632$1,210,492
IX-11b Legal feesManagement $69,414$69,414
IX-11g Other fees for servicesPrograms $2,982,554 · Management $761,636$3,744,190
IX-12 Advertising and promotionPrograms $97,477 · Management $38,171$135,648
IX-13 Office expensesPrograms $1,452,921 · Management $568,956$2,021,877
IX-14 Information technologyPrograms $821,428 · Management $321,667$1,143,095
IX-16 OccupancyPrograms $245,462 · Management $96,122$341,584
IX-17 TravelPrograms $12,113 · Management $4,743$16,856
IX-20 InterestManagement $224,087$224,087
IX-22 Depreciation, depletion and amortizationPrograms $998,403 · Management $390,969$1,389,372
IX-23 InsurancePrograms $273,184 · Management $106,978$380,162
IX-24 Other expenses (24a–d)Programs $9,627,183 · Management $302,661$9,929,844
IX-24e All other expensesPrograms $798,476 · Management $312,678$1,111,154
IX-25 Total functional expensesPrograms $34,786,634 · Management $10,042,153 · Fundraising $0$44,828,787
Part X · Balance sheet $55,344,941 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $42,198$487,121
X-2 Savings and temporary cash investmentsStart of year $6,659,940$23,373,720
X-4 Accounts receivableStart of year $4,763,551$4,624,821
X-8 Inventories for sale or useStart of year $548,588$722,221
X-9 Prepaid expenses and deferred chargesStart of year $126,825$133,520
X-10c Land, buildings and equipment, netStart of year $11,195,240$22,237,384
X-11 Publicly traded securitiesStart of year $1,780,038$1,966,416
X-12 Other securitiesStart of year $616,473$616,473
X-15 Other assetsStart of year $920,352$1,183,265
X-16 Total assetsStart of year $26,653,205$55,344,941
X-17 Accounts payable and accrued expensesStart of year $5,135,029$7,509,192
X-19 Deferred revenueStart of year $39,305$21,486
X-20 Tax-exempt bond liabilitiesStart of year $2,309,214$0
X-24 Unsecured notes and loans payable$3,548,500
X-25 Other liabilitiesStart of year $4,789,250$4,702,772
X-26 Total liabilitiesStart of year $12,272,798$39,271,473
X-27 Net assets without donor restrictionsStart of year $14,100,493$15,789,388
X-28 Net assets with donor restrictionsStart of year $279,914$284,080
X-32 Total net assets or fund balancesStart of year $14,380,407$16,073,468
X-33 Total liabilities and net assetsStart of year $26,653,205$55,344,941
Part XI · Reconciliation of net assets $16,073,468 net assets at year end
XI-1 Total revenue$46,111,124
XI-2 Total expenses$44,828,787
XI-3 Revenue less expenses$1,282,337
XI-4 Net assets at start of year$14,380,407
XI-5 Net unrealized gains (losses) on investments$168,212
XI-9 Other changes in net assets$242,512
XI-10 Net assets at end of year$16,073,468

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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