Civic Intelligence

Preston Memorial Hospital Corporation

EIN 31-1097818 • 501(c)3 • Kingwood, WV

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Profile

To enhance the health of the communities we serve, one person at a time.

Refreshing map…

150 Memorial DriveKingwood, WV 26537-1442

www.prestonmemorial.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

87th percentile

0.83x

Higher debt load relative to assets than 87% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

72nd percentile

0.82x

Higher debt load relative to revenue than 72% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

53rd percentile

5.6%

Higher net margin than 53% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

52nd percentile

6.7%

Faster asset growth than 52% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2024

Revenue Growth

51st percentile

7.7%

Faster revenue growth than 51% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$62,883,256

Up $16,506,753 (+36%) from 2023

Liabilities

Up

$52,290,747

Up $12,003,260 (+30%) from 2023

Net Assets

Up

$10,592,509

Up $4,503,493 (+74%) from 2023

Operations
Liabilities / Revenue72nd percentileNet Margin53rd percentile

Revenue

Up

$63,938,773

Up $10,959,542 (+21%) from 2023

Expenses

Up

$60,349,487

Up $7,400,129 (+14%) from 2023

Net Income

Up

$3,589,286

Up $3,559,413 (+11915%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth52nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2010: $7,451,644Liabilities 2010: $6,536,732Net Assets 2010: $914,9122010Assets 2011: $7,860,489Liabilities 2011: $5,724,480Net Assets 2011: $2,136,0092011Assets 2012: $8,741,081Liabilities 2012: $4,807,876Net Assets 2012: $3,933,2052012Assets 2013: $10,756,451Liabilities 2013: $5,834,987Net Assets 2013: $4,921,4642013Assets 2015: $49,131,686Liabilities 2015: $42,122,775Net Assets 2015: $7,008,9112015Assets 2016: $49,231,639Liabilities 2016: $43,056,037Net Assets 2016: $6,175,6022016Assets 2017: $49,037,174Liabilities 2017: $43,595,266Net Assets 2017: $5,441,9082017Assets 2018: $48,344,833Liabilities 2018: $43,323,724Net Assets 2018: $5,021,1092018Assets 2019: $47,260,249Liabilities 2019: $42,020,839Net Assets 2019: $5,239,4102019Assets 2020: $53,292,174Liabilities 2020: $47,983,883Net Assets 2020: $5,308,2912020Assets 2021: $60,807,644Liabilities 2021: $48,677,780Net Assets 2021: $12,129,8642021Assets 2022: $55,257,695Liabilities 2022: $45,158,303Net Assets 2022: $10,099,3922022Assets 2023: $46,376,503Liabilities 2023: $40,287,487Net Assets 2023: $6,089,0162023Assets 2024: $62,883,256Liabilities 2024: $52,290,747Net Assets 2024: $10,592,5092024

Highlighted filing

2024

Assets$62,883,256
Liabilities$52,290,747
Net Assets$10,592,509
Open 2024 Filing

Operations Trend

Revenue Growth51st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0-$20MExpenses 2010: $19,727,9112010Expenses 2011: $22,648,9182011Expenses 2012: $23,460,9282012Revenue 2013: $26,199,647Expenses 2013: $25,348,760Net Income 2013: $850,8872013Revenue 2015: $34,345,191Expenses 2015: $31,957,606Net Income 2015: $2,387,5852015Revenue 2016: $37,081,836Expenses 2016: $37,844,898Net Income 2016: -$763,0622016Revenue 2017: $38,282,482Expenses 2017: $39,039,121Net Income 2017: -$756,6392017Revenue 2018: $42,020,636Expenses 2018: $42,461,596Net Income 2018: -$440,9602018Revenue 2019: $46,789,622Expenses 2019: $47,065,160Net Income 2019: -$275,5382019Revenue 2020: $47,530,676Expenses 2020: $47,235,017Net Income 2020: $295,6592020Revenue 2021: $50,555,683Expenses 2021: $46,535,613Net Income 2021: $4,020,0702021Revenue 2022: $55,171,837Expenses 2022: $55,471,190Net Income 2022: -$299,3532022Revenue 2023: $52,979,231Expenses 2023: $52,949,358Net Income 2023: $29,8732023Revenue 2024: $63,938,773Expenses 2024: $60,349,487Net Income 2024: $3,589,2862024

Highlighted filing

2024

Revenue$63,938,773
Expenses$60,349,487
Net Income$3,589,286
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$62,883,256
Liabilities
$52,290,747
Net assets
$10,592,509
Revenue
$63,938,773
Expenses
$60,349,487
Net income
$3,589,286
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$62.9$52.3$10.6$63.9$60.3$3.59
2023Detailed filing. Detailed filing data is available for this year.$46.4$40.3$6.09$53.0$52.9$0.03
2022Detailed filing. Detailed filing data is available for this year.$55.3$45.2$10.1$55.2$55.5$0.30
2021Detailed filing. Detailed filing data is available for this year.$60.8$48.7$12.1$50.6$46.5$4.02
2020Detailed filing. Detailed filing data is available for this year.$53.3$48.0$5.31$47.5$47.2$0.30
2019Detailed filing. Detailed filing data is available for this year.$47.3$42.0$5.24$46.8$47.1$0.28
2018Detailed filing. Detailed filing data is available for this year.$48.3$43.3$5.02$42.0$42.5$0.44
2017Detailed filing. Detailed filing data is available for this year.$49.0$43.6$5.44$38.3$39.0$0.76
2016Detailed filing. Detailed filing data is available for this year.$49.2$43.1$6.18$37.1$37.8$0.76
2015Detailed filing. Detailed filing data is available for this year.$49.1$42.1$7.01$34.3$32.0$2.39
2013Detailed filing. Detailed filing data is available for this year.$10.8$5.83$4.92$26.2$25.3$0.85
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.74$4.81$3.93$23.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.86$5.72$2.14$22.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.45$6.54$0.91$19.7
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$63,938,773
Mission and Program Overview

Mission

To offer access to high quality, patient centered, and affordable healthcare to all our patients.

To enhance the health of the communities we serve, one person at a time.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$18,335,815$19,595,049▲ $1,259,234
Investments Other Securities$12,725,232$17,799,432▲ $5,074,200
Accounts Receivable$7,427,486$11,667,669▲ $4,240,183
Savings and Temporary Cash Investments$0$772,669▲ $772,669
Inventories for Sale or Use$385,797$718,081▲ $332,284
Prepaid Expenses and Deferred Charges$107,954$150,847▲ $42,893
Pledges and Grants Receivable$0$102,717▲ $102,717
Intangible Assets$0$30,843▲ $30,843
Cash and Non-Interest-Bearing Accounts$5,310,462$1,602▼ $5,308,860
Total Assets$46,376,503$62,883,256▲ $16,506,753
Other Assets Total$2,083,757$12,044,347▲ $9,960,590
Liabilities
Mortgage Notes Payable Secured by Investment Property$31,354,086$31,786,106▲ $432,020
Other Liabilities$5,869,301$15,886,865▲ $10,017,564
Accounts Payable and Accrued Expenses$3,064,100$4,617,776▲ $1,553,676
Total Liabilities$40,287,487$52,290,747▲ $12,003,260
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,079,016$9,092,509▲ $3,013,493
Net Assets With Donor Restrictions$10,000$1,500,000▲ $1,490,000
Total Net Assets Fund Balance$6,089,016$10,592,509▲ $4,503,493
Total Liabilities and Net Assets / Fund Balance$46,376,503$62,883,256▲ $16,506,753

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,846,648$1,158,511$15,005,159
Other Land Buildings$2,282,552$1,368,141$3,650,693
Equipment$2,380,849$960,679$3,341,528
Land$1,085,000-$1,085,000
Other Assets Org$12,044,347--
Other Securities$17,799,432--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Frank AbrahamPhysicianFT$571,826$61,829$633,655
Lorn WolfePhysicianFT$470,752$47,314$518,066
Maram HakoumDirector of PhysiciansFT$407,347$27,288$434,635
Teresa HarrimanChief CrnaFT$307,516$28,090$335,606
Julia RambergPhysicianFT$246,075$81,995$328,070
Jason McnairDirector/chief of StaffFT$231,559$9,704$241,263
Melissa LockwoodDirector/pmh CAOPT$56,614$4,764$61,378

Board Members and Trustees

NameTitle
Nick TaylorChairman
David GoldbergDirector, Mhs President CEO
Ray ThompsonVice Chair
Kathy McneillDirector
Rita MccrobieDirector
Ronald CritesDirector
Tarrell RiesDirector
Tim CalvertSecretary/treasurer
Kevin GesslerVP Finance

Highest Paid Contractors

ContractorServicesLocationCompensation
Qualivis LLCAgency ServicesPO BOX 674913, Dallas, TX 75267-4913$1,726,425
Synergy Surgicalists Wv INCOrthro Services12396 WORLD TRADE DRIVE, San Diego, CA 92128$1,689,255
Associated Specialists INCMedical Services527 MEDICAL PARK DR SUITE 204, Bridgeport, WV 26330$121,925
Laboratory CorporationLab ServicesPO BOX 12140, Burlington, NC 27216-2140$115,056
Revenue and Support

Revenue Composition

Contributions and Grants
$1,502,000
Program Service Revenue
$61,540,076
Investment Income
$524,378
Other Revenue
$372,319
Change in Net Assets
$3,589,286
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$31,883,505
Other Expenses$28,465,982
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$20,370,612$4,330,733-$24,701,345
Fees for Services Other$5,026,289$475,586-$5,501,875
Other Employee Benefits$3,885,176$813,101-$4,698,277
Depreciation Depletion$1,328,314$332,078-$1,660,392
Payroll Taxes$1,067,503$218,645-$1,286,148
Occupancy$915,142$275,342-$1,190,484
Interest-$992,853-$992,853
Pension Plan Contributions$726,373$148,775-$875,148
All Other Expenses$414,257$357,010-$771,267
Other Expenses$551,137$137,784-$688,921
Insurance$620,899--$620,899
Office Expenses$283,828$70,756-$354,584
Current Officers, Directors, Trustees, and Key Employees$288,479--$288,479
Fees for Service Investment Mgmnt Fees-$142,366-$142,366
Travel$46,289$9,617-$55,906
Conferences and Meetings$34,626$8,657-$43,283
Comp Disqual Persons$34,108--$34,108
Fees for Services Accounting-$16,350-$16,350
Total Functional Expenses$46,849,131$13,500,356$0$60,349,487
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Family Member of Nick Taylor, TrusteeEmploymentNo$34,108
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
AFFILIATE PAYABLES - VANDALIA HEALTH SUBSIDIARIES'$11,766,409
Due to 3rd Party Payors$3,779,180
Accrued Pension Obligation$341,276
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“David goldberg and kevin gessler have a business relationship.”

Form 990, Part VI, Section A, Line 6

“The sole member of preston memorial hospital corporation is monongalia health system, inc.”

Form 990, Part VI, Section A, Line 7A

“Preston memorial hospital's board members are elected or appointed by monongalia health system.”

Form 990, Part VI, Section A, Line 7B

“Preston memorial hospital's board shall give notice to monongalia health system and receive its approval before acting on any of the following matters: (a) amendment of the articles of incorporation of the hospital or the bylaws; (b) sale, lease or exchange of all or substantially all of the property or assets of the hospital and any expenditure in excess of $750,000; (c) merger or consolidation with any other corporation; (d) election to dissolve the hospital entity; (e) approval of the budget of the hospital; (f) approval in advance of the hiring of the president of the hospital.”

Form 990, Part VI, Section B, Line 11B

“The governing body is provided a copy of the form 990 for their review prior to submission. The members are asked to inform management of any questions or revisions they may have. If changes are made, based on member's revisions, management redistributes a final version to all board members.”

Form 990, Part VI, Section B, Line 12C

“Annually, a conflict of interest questionnaire is sent out to all board members. The board reviews all responses for possible conflicts of interest and determines what types of decisions that a member is prohibited from participating.”

Form 990, Part VI, Section B, Line 15

“Annually, a consultant compiles a market data report on ceo compensation. This report is then reviewed by the executive committee of mon health system to determine compensation for the individual.”

Form 990, Part VI, Section C, Line 19

“Governing documents and the conflict of interest policy is available upon request. The financial statements are made available through public disclosure with the wv health care authority.”

Filing and Contact Details

Filer

Filer Name
Preston Memorial Hospital Corporation
EIN
31-1097818
Phone
3043291400
Address
150 MEMORIAL DRIVE, KINGWOOD, WV 26537-1442

Signing Officer

Name
Jeff Sandene
Title
Executive VP and CFO
Phone
3043291400
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa Lockwood
Formed
1955
Legal Domicile
Wv
Voting Board Members
10
Independent Board Members
6
Employees
488
Volunteers
6

Preparer

Firm
Deloitte Tax Llp
Address
111 MONUMENT CIRCLE SUITE 4200, INDIANAPOLIS, IN 46204
Preparer
Angela M Moore
Phone
3174648600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in minimum pension obligation -116,768. Decrease in value of assets held by others decrease in value of assets held by others”

Financial Statement Notes

PART X, LINE 2:

“The irs has determined that the system entities are exempt from income taxes under section 501(c)(3) of the code and applicable state statutes, except for mhc, fhe, cmc, and hfi, which are corporations subject to income tax. The system does not have any material uncertain tax positions as of december 31, 2024. Tax returns for the year ended june 30, 2020, are open for the mhs entities and tax returns for the year ended december 31, 2021, are open for camc entities.”

Raw XML AppendixShowing 400 of 1,251 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/Desc0THE HOSPITAL HAD 2,472 INPATIENT DAYS, CARED FOR 10,282 EMERGENCY PATIENTS AND TREATED 50,525 PATIENTS IN ITS OUTPATIENT CLINICS. THE HOSPITAL PROVIDES CARE REGARDLESS OF THE PATIENT'S ABILITY TO PAY. CHARGES FOREGONE FOR CHARITY CARE AMOUNTED TO $1,112,981. THE HOSPITAL PROMOTES AND PROVIDES ACTIVITIES SUCH AS HEALTH FAIRS, BLOOD DRIVES, AND A FITNESS CENTER TO IMPROVE THE HEALTH AND WELFARE OF ITS PATIENTS. THE HOSPITAL ALSO CONDUCTS COMMUNITY-WIDE SPEAKER BUREAUS TO HELP EDUCATE THE COMMUNITY ON SPECIFIC HEALTH AND WELLNESS MATTERS. THE HOSPITAL STRIVES TO PROVIDE AND PROMOTE NEEDED SERVICES IN THE COMMUNITY BY PARTNERING WITH LOCAL AGENCIES SUCH AS THE PRESTON COUNTY HEALTH DEPARTMENT, FAMILY RESOURCE NETWORK, PRESTON PREVENTION PARTNERSHIP, AND THE PRESTON COUNTY CHAMBER OF COMMERCE.THE ORGANIZATION SPONSORED HEALTH FAIRS, BLOOD DRIVES, CANCER SCREENINGS, CPR/FIRST AID CLASSES, CRISIS INTERVENTION, DIABETES INTERVENTION, FAMILY/PARENTING/SIBLING EDUCATION, FITNESS EDUCATION, FLU SHOTS, NUTRITION/WEIGHT MAINTENANCE, SCHOOL BASED PROGRAMS, SENIOR EDUCATION AND OUTREACH PROGRAMS, SPORTS INJURY PREVENTION, SUBSTANCE ABUSE AND TOBACCO/SMOKING CESSATION.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR, MHS PRESIDENT CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR/PMH CAO
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR/CHIEF OF STAFF
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt11PHYSICIAN
IRS990/Form990PartVIISectionAGrp/TitleTxt12PHYSICIAN
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR OF PHYSICIANS
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IRS990/Form990PartVIISectionAGrp/TitleTxt15PHYSICIAN
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