Overview
What is West Virginia University Medical Corporation?
The West Virginia University Medical Corporation, also known as University Health Associates, is a nonprofit organization based in Morgantown, West Virginia. With a workforce of approximately 3,438 employees, it supports the faculty physicians of the West Virginia University School of Medicine by funding their medical services and lessening the burden on the government. The Corporation facilitated around 1,762,038 clinic visits in 2022 and is dedicated to advancing graduate medical education in West Virginia. By providing funds to the state-supported medical school, it has enabled the institution to focus on its charitable, scientific, and educational purposes while University Health Associates manages its faculty practitioners' business operations. In doing so, the Corporation has also alleviated poverty in West Virginia by enabling faculty physicians to provide charity care.
Official website here: www.wvumedicine.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
West Virginia University Medical Corporation has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization scored well in areas such as financial oversight, conflict of interest policies, and whistleblower protections, reflecting strong governance practices. The overall score is entirely derived from its accountability and finance metrics, underscoring the charity's commitment to transparency and responsible financial management.
One notable strength is the high program expense ratio of 92.36%, which suggests that a significant portion of its funding is directed toward program services rather than administrative costs. Additionally, the charity has demonstrated effective financial oversight, as indicated by its full points in financial statements and compliance with audit protocols. This shows a commitment to utilizing resources efficiently to meet its mission.
However, the organization did receive a lower score in the liabilities to assets ratio, at 54.94%. While this indicates that the charity manages its liabilities reasonably well, there may be some concerns regarding financial leverage. Overall, West Virginia University Medical Corporation appears to be a reliable organization with strong governance but may need to focus on improving aspects of its financial structure.
This AI summary has been generated from information found on Charity Navigator.
Is West Virginia University Medical Corporation legitimate?
West Virginia University Medical Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Virginia University Medical Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $9,098,980
Professional Fundraising Fees: $0
Other Salaries and Wages: $461,834,380
For more financial information, click here
Official website here: www.wvumedicine.org/
What is the mission statement of West Virginia University Medical Corporation?
The West Virginia University Medical Corporation functions as the faculty practice plan for the West Virginia University School of Medicine, providing business management services to its faculty to support their clinical practices. Its mission is centered around furthering the charitable, scientific, and educational objectives of the University School of Medicine. Through this mission, the Corporation facilitates approximately 1,762,038 clinic visits per year and reduces government burdens by providing funds to the state-supported School of Medicine. The Corporation's activities also include covering professional liability premiums for faculty physicians and lessening poverty in West Virginia by enabling faculty to provide charity care.
Official website here: www.wvumedicine.org/
Who is the CEO of West Virginia University Medical Corporation?
Michael Edmond is the Executive Chair Heart Vascular Institute of West Virginia University Medical Corporation.
Official website here: www.wvumedicine.org/
What is the revenue of West Virginia University Medical Corporation?
West Virginia University Medical Corporation's revenue in 2022 was $691,155,457.
Official website here: www.wvumedicine.org/
Who are the executives of West Virginia University Medical Corporation and what are their salaries?
The average compensation at West Virginia University Medical Corporation during 2022 was $136,979. There are 3438 employees at West Virginia University Medical Corporation.
Here are 24 key members and their salaries:
- Compensation: $2,495,195
- Related: $0
- Other: $24,645
- Compensation: $2,271,111
- Related: $0
- Other: $21,431
- Compensation: $1,887,766
- Related: $0
- Other: $21,595
- Compensation: $1,549,651
- Related: $0
- Other: $21,493
- Compensation: $1,389,492
- Related: $0
- Other: $24,513
- Compensation: $1,161,260
- Related: $0
- Other: $24,645
- Compensation: $766,830
- Related: $0
- Other: $33,530
- Compensation: $719,966
- Related: $0
- Other: $33,405
- Compensation: $622,447
- Related: $0
- Other: $21,431
- Compensation: $581,665
- Related: $0
- Other: $33,530
- Compensation: $551,332
- Related: $0
- Other: $27,695
- Compensation: $512,017
- Related: $0
- Other: $33,530
- Compensation: $498,091
- Related: $0
- Other: $24,543
- Compensation: $475,024
- Related: $0
- Other: $33,530
- Compensation: $473,145
- Related: $0
- Other: $24,095
- Compensation: $392,861
- Related: $0
- Other: $29,167
- Compensation: $336,757
- Related: $0
- Other: $31,734
- Compensation: $0
- Related: $321,836
- Other: $22,030
- Compensation: $319,796
- Related: $0
- Other: $21,995
- Compensation: $239,704
- Related: $0
- Other: $50,373
- Compensation: $233,659
- Related: $0
- Other: $25,499
- Compensation: $221,033
- Related: $0
- Other: $17,861
- Compensation: $187,054
- Related: $0
- Other: $18,371
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.wvumedicine.org/
Where can I find the form 990 for West Virginia University Medical Corporation?
West Virginia University Medical Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wvumedicine.org/
Learn more at the official website: www.wvumedicine.org/
Mission Statement of West Virginia University Medical Corporation
West Virginia University Medical Corporation, also known as WVU MedCorp, is a dedicated organization that plays a pivotal role in supporting the mission of the West Virginia University School of Medicine. By functioning as its faculty practice plan, WVU MedCorp offers essential business management services, enabling the faculty physicians to focus on delivering high-quality clinical care.
The primary objective of WVU MedCorp is to help further the charitable, scientific, and educational pursuits of the West Virginia University School of Medicine. This is achieved through the organization's unwavering commitment to providing a full range of business support services, which in turn, enables the faculty physicians to effectively serve their patients.
During the year 2022, WVU MedCorp facilitated approximately 1,762,038 clinic visits, ensuring that the faculty physicians could dedicate their time and expertise to providing essential medical services. The organization's contributions not only lessen the burdens on the government but also advance graduate medical education in the state of West Virginia. Additionally, WVU MedCorp assumed financial responsibilities on behalf of the faculty physicians by incurring professional liability premiums.
Moreover, WVU MedCorp's dedication extends beyond financial support. By providing these funds, the organization has contributed to alleviating poverty in West Virginia, as the faculty physicians offer crucial charity care to those in need. Ultimately, WVU MedCorp's mission is to empower the West Virginia University School of Medicine to achieve its goals and make a significant difference in the lives of the people it serves.
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Impact
October, 2024
West Virginia University Medical Corporation plays a crucial role in strengthening healthcare delivery and education in West Virginia. With the support of the West Virginia University School of Medicine, the Corporation facilitated approximately 1.76 million clinic visits in 2022, enhancing access to medical services for communities across the state.
By providing essential funding to the School of Medicine, the Corporation effectively reduces governmental burdens and contributes to the advancement of graduate medical education. This financial support not only aids in the operational aspects of the medical education system but also allows faculty physicians to focus on delivering high-quality care.
Additionally, the Corporation's commitment to community health is evident in its support of charity care initiatives, which address poverty and increase access to healthcare for underserved populations. By covering professional liability premiums for faculty physicians, the Corporation also enables these medical professionals to practice with greater security, fostering a robust healthcare environment.
Overall, the West Virginia University Medical Corporation is instrumental in promoting public health, enhancing medical education, and supporting the local healthcare infrastructure in West Virginia.
This information is meant to be a general summary of West Virginia University Medical Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,513,286
- Program Service Revenue: $688,625,737
- Gross Receipts: $691,155,457
Assets and Liabilities:
- Total Assets: $248,561,218
- Total Liabilities: $146,026,877
- Net Assets: $102,534,341
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Direct Patient Care
Revenue
$412,365,695
Other Health Care
Revenue
$267,887,945
CARES Act Funding
Revenue
$6,961,349
Rent - Physicians Office
Revenue
$1,410,748
Organization Details
Founding Year
1971
Phone
(304) 285-7124Principal Officer
Michael Edmond
Main Address
PO Box 897, Morgantown, WV, 265070897
Website
www.wvumedicine.org/NTEE Category
Code: E210 - Health
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