Reynolds Memorial Hospital Inc

“The IRS Form 990 is reviewed by the Executive Committee before filing.”

“Each trustee and key employee must annually attest to any potential conflicts of interest.”

“The compensation of the CEO is determined by the WV United Health System Compensation Committee based upon a salary and benefit survey prepared by an independent company using data of comparable facilities. This information is provided to the compensation committee which is made up of independent board members who are then responsible for setting the compensation packages offered to each executive, ensuring that the compensation package does not exceed fair market value based on the data from the consultant group. The minutes of the compensation committee are contemporaneously documented and retained. A full compensation survey was completed in 2024 for 2023 compensation amounts. The compensation of all officers at the Vice President level and below is determined based upon a salary and benefit survey prepared by an independent company using data of comparable facilities. This data is then interpreted and provided to an independent compensation committee. The independent compensation committee then uses this data to determine a fair and reasonable compensation package. All relevant data as well as minutes from each meeting are retained.”

“A schedule of meetings of the Board of Directors is published at the hospital, and the public is welcome. Financial statements, conflict of interest policies, and other documents are available upon request.”

“West Virginia United Health System, Inc., a 501c3 charitable organization WVUHS, is the sole member of the organization.”

“Program Service Expenses 12,062,457, Grants and allocations 0, Revenue 22,854,659 The Emergency Department at Reynolds Memorial provides emergent care 24 hours a day, every day. The emergency department had 28,832 patient visits in 2024.”

“Program Service Expenses 72,253,316, Grants and allocations 0, Revenue 84,820,840 In 2024, the hospital continuously provided high quality inpatient, outpatient, skilled nursing, and home health services to a Marshall County community of approximately 30,000 people. All services were provided regardless of a patients ability to pay. Under the hospitals established charity policy, any patient whose income is less than 200 of Federal Income Poverty Guidelines automatically qualifies for free care. The hospital provided approximately millions of health care at free or reduced rates during the 2024 period. The hospital also sponsored many health care screening and education services to the community at free or reduced cost during this period.”

“Line 11g consists of the following expenses Consulting Professional Fees of 174,967 of which all is considered management and general expenses Contracted Labor of 6,697,351 of which 4,523,159 is considered program service expense and 2,174,192 is considered management and general expense Contract Labor patient care of 803,471 of which 818,471 is considered program service expense and 15,000 is considered management and general expenses Contract and Professional Medical Staff fees of 2,955,152 of which 2,929,114 is considered program service expense and 26,038 is considered management and general expense Contracted Physician Expense of 4,659,163 of which 4,649,813 is considered program service expense and 9,350 is considered management and general expense and Collection Agency Fees of 22,499 of which all is considered management and general expense.”

“Reynolds Memorial Hospital, Inc. reported a contribution from Benjamin M. Spurr Trust of 3,703,887 on Schedule B that was not recorded on page 9 as revenue. This contribution is a monthly contribution that is used to fund the Reynolds Memorial Hospital retirement plan. Therefore, this contribution doesnt hit a revenue account but is posted to a balance sheet account Current Investments.”

“Some employees of Reynolds Memorial Hospital Inc., RMH are paid by West Virginia University Hospitals, Inc WVUH. The related payroll filings are prepared by those entities under common paymaster arrangements.”

“Line 9 consists of 1,449,493 of related organization capitalization, 151,539 JOA contribution to JOA, 3,524,054 change in permanently and temporarily restricted net assets, and 5 Rounding.”

“In 2023, West Virginia United Health System WVUHS, EIN 55-0754713, transitioned to a centralized accounts payable process in which WVUHS made the majority of vendor payments and then issued the required 1099s. WVUHS is reimbursed by the entities for their portion of payments made, vendor payments that meet the Top 5 Independent Contractor reporting requirements are reported in Part VII, Section B of the reporting entity.”