Princeton Community Hospital Association

“Upon employment and annually thereafter, each key employee and officer of the organization is required to complete a conflict of interest and disclosure form, providing sufficient information about his/her personal interests and relationships so the organization can 1 determine whether any potential or actual conflicts of interest may exist, and 2 monitor work or service assignments to avoid placing the key employee, officer, or director in a position where there may be an appearance potential or actual of a conflict of interest or a question of objectivity. The completed conflict of interest and disclosure forms for directors are returned to the organization. These members are monitored and not assigned any projects that would create any potential conflict of interest. Any board member with a potential conflict recuses himself or herself from all discussions regarding the conflict.”

“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 2023 for 2024 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.”

“All financial and governing documents, including the conflict of interest policy are maintained onsite and made available to the public upon written request.”

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

“The power of the sole Member shall be all of those permitted by the general corporate laws of the State of West Virginia, including, without limitations, the following powers reserved unto the Member over the Corporation which include removal of any member or members of the governing board.”

“Program Service Expenses 170,095,106, Grants and allocations 0, Revenue 196,211,657 We recognize that as our community continues to grow, so does our responsibility to keep its citizens healthy. With that goal in mind, we have made continual advancements that benefit our patients every day. We are a regional leader in joint replacement and have invested well over 1 million in minimally invasive surgery and joint replacement technology. We have tripled the capacity of our Day Surgery department. We have also added our Womens Center which offers family-friendly birthing suites, secure nurseries, and a private setting for womens diagnostic services.”

“Other changes in net assets includes 3,259,244 of related organization capitalization, 6,939,356 of pension adjustment, 312,682 of JOA contribution to SOM, and 6 rounding.”

“Other service expenses consist of the following items Consulting Professional Fees of 4,945,693 of which 1,250,340 is considered program service and 3,695,353 is considered management and general Contract Labor/Purchased Service of 54,594,050 of which 43,982,876 is considered program service and 10,611,174 is considered management and general Lab Fees of 183 of which all is considered program service Resident Expense of 135 of which all is considered management and general and Collection Fees of 125,619 of which 72,273 is considered program service and 53,346 is considered management and general.”

“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.”

“Princeton Community Hospital Association reported a contribution from Princeton Community Hospital Foundation in the amount of 140,866 on Schedule B. Only 49,346 of that total contribution was recorded on the Form 990 as revenue. The other 91,520 of contribution makes up the following. 45,620 was money applied to Princeton Community Hospital patient accounts who were just outside of the charity care guidelines. These payments were posted to a balance sheet account. The last 45,900 was a non-cash contribution of purchased furniture for Princeton Community Hospital Association that the Foundation paid the suppliers for directly.”