Civic Intelligence

Weirton Medical Center Foundation

EIN 55-0689248 • 501(c)3 • Weirton, WV

Profile

The mission of the Weirton Medical Center Foundation is to assist the Weirton Medical Center in its pursuit of a strong, healthy community.

601 Colliers WayWeirton, WV 26062

www.weirtonmedical.com

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2016

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

94th percentile

71%

Higher net margin than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

99th percentile

$222,769

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 604.5% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

8th percentile

-85%

Faster revenue growth than 8% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$0

Down $1,408,000 (-100%) from 2015

Liabilities

Flat

$0

Flat from 2015

Net Assets

Down

$0

Down $1,408,000 (-100%) from 2015

Revenue

Down

$36,854

Down $202,914 (-85%) from 2015

Expenses

Down

$10,818

Down $265,581 (-96%) from 2015

Net Income

Up

$26,036

Up $62,667 (+171%) from 2015

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,697,513Liabilities 2010: $0Net Assets 2010: $1,697,5132010Assets 2011: $2,077,801Liabilities 2011: $0Net Assets 2011: $2,077,8012011Assets 2012: $1,359,201Liabilities 2012: $55,010Net Assets 2012: $1,304,1912012Assets 2013: $1,370,784Liabilities 2013: $10,954Net Assets 2013: $1,359,8302013Assets 2014: $1,456,415Liabilities 2014: $0Net Assets 2014: $1,456,4152014Assets 2015: $1,408,000Liabilities 2015: $0Net Assets 2015: $1,408,0002015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016

Highlighted filing

2016

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $90,1092010Expenses 2011: $149,7332011Expenses 2012: $845,4572012Expenses 2013: $90,2732013Revenue 2014: $154,141Expenses 2014: $114,032Net Income 2014: $40,1092014Revenue 2015: $239,768Expenses 2015: $276,399Net Income 2015: -$36,6312015Revenue 2016: $36,854Expenses 2016: $10,818Net Income 2016: $26,0362016

Highlighted filing

2016

Revenue$36,854
Expenses$10,818
Net Income$26,036

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 10, 2017
Return Version
2015v3.0
Gross Receipts
$93,851
Mission and Program Overview

Mission

The mission of the Weirton Medical Center Foundation is to assist the Weirton Medical Center in its pursuit of a strong, healthy community.

The mission of the weirton medical center foundation is to assist the weirton medical center in its pursuit of a strong, healthy community. The weirton medical center foundation will provide this support by engaging in fundraising activities and providing direct and supplemental funding.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,366,200$0▼ $1,366,200
Investments Other Securities$25,000$0▼ $25,000
Cash and Non-Interest-Bearing Accounts$13,525$0▼ $13,525
Accounts Receivable$1,695$0▼ $1,695
Savings and Temporary Cash Investments$1,580$0▼ $1,580
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,408,000$0▼ $1,408,000
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,294,672$0▼ $1,294,672
Unrestricted Net Assets$98,909$0▼ $98,909
Temporarily Rstr Net Assets$14,419$0▼ $14,419
Total Net Assets Fund Balance$1,408,000$0▼ $1,408,000
Total Liabilities and Net Assets / Fund Balance$1,408,000$0▼ $1,408,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$1,309,091--$1,309,091-
2014$1,309,091---$1,309,091
2013$1,309,091---$1,309,091
2012$1,313,591--$4,500$1,309,091
2011$1,322,591--$9,000$1,313,591
Compensation and Service Providers

Employees

NameTitleOtherTotal
John FrankovitchPresident & CEO as of 2/2016$12,111$12,111

Board Members and Trustees

NameTitle
J J BernabeiChairman
CHARLES M O'BRIEN JRPresident & CEO Termed 12/2015
John C GrecoVice Chairman
Brenda MullBoard Member
John BahnsenBoard Member
Kristin Bowman CrossBoard Member
Steve MagnoneBoard Member
Eugene D TroutCFO
Mitch Fuscardo DoSecretary
George M Roig MdTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$425
Program Service Revenue
$0
Investment Income
$36,429
Other Revenue
$0
All Other Contributions
$425
Change in Net Assets
$26,036

Audited Revenue Reconciliation

Revenue per Audited Statements
$36,854
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-40,045
Total Revenue per Audited Statements
$-3,191
Total Revenue per Form 990
$36,854
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,818
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses-$10,818-$10,818
Total Functional Expenses$0$10,818$0$10,818

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$11,668
Expenses per Audited Statements$10,818
Total Expenses per Form 990$10,818
Expenses Not Reported on Form 990$850
Expenses Not Reported on Financial Statements$0
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 4

Effective june 22, 2016 the weirton medical center foundation was dissolved by board resolution. All assets were transferred to the sole member, weirton medical center, through an equity transfer.

Form 990, Part VI, Section A, Line 6

Weirton medical corporation, inc., a nonprofit corporation organized under the laws of the state of west virginia, is the sole member of weirton medical center foundation.

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

The foundation's board of directors is elected by its sole member, weirton medical corporation, inc.

Form 990, Part VI, Section B, Line 11

The 990 is reviewed by the accountant, finance director and the cfo before approval is given.

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

The board members are required to complete conflict of interest statements annually. The compliance committee oversees the process. During board meetings, if an interested party has a conflict, he or she recuses themselves from voting.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Weirton Medical Center Foundation
EIN
55-0689248
Phone
3047976440
Address
601 COLLIERS WAY, WEIRTON, WV 26062

Signing Officer

Name
Gene Trout
Title
CFO
Phone
3047976440
Signed
2017-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Frankovitch
Formed
1989
Legal Domicile
Wv
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Arnett Carbis Toothman Llp
Address
5700 CORPORATE DRIVE STE 650, PITTSBURGH, PA 15237
Preparer
Jeffrey J Petrell CPA
Phone
4126356270
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Effective june 22, 2016 the weirton medical center foundation was dissolved by board resolution. All assets were transferred to weirton medical center as of june 30, 2016.

FORM 990, PART XI, LINE 9:

Entity dissolved and assets transferred to weirton medical center -1,393,141.

Financial Statement Notes

PART V, LINE 4:

Permanently restricted net assets are restricted to investment in perpetuity, the income from which is expendable to support community health improvements. The permanently restricted funds were designated as such by the donor, weirton medical center. As of june 30, 2016 the permanently restricted were released from restriction and transferred back to weirton medical center. The weirton medical center will continue the initial purpose of the funds by supporting community health improvements. The remaining temporarily restricted net assets were transferred to weirton medical center as of june 30, 2016 when the foundation was dissolved. The funds will be used as per the donors' restrictions for the nurse educational assistance program and various other programs.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses netted with revenue for purposes of the 990 850.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses netted with revenue for purposes of the 990 850.

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IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0550387249
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd03
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0WEIRTON MEDICAL CENTER INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01309091
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt01309091
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01309091
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01309091
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01309091
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01309091
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01313591
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01309091
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt04500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01322591
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01313591
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt09000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0850
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt010818
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-40895
IRS990ScheduleD/OtherExpensesIncludedAmt0850
IRS990ScheduleD/OtherRevenueAmt0850
IRS990ScheduleD/RevenueNotReportedAmt0-40045
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt036854
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PERMANENTLY RESTRICTED NET ASSETS ARE RESTRICTED TO INVESTMENT IN PERPETUITY, THE INCOME FROM WHICH IS EXPENDABLE TO SUPPORT COMMUNITY HEALTH IMPROVEMENTS. THE PERMANENTLY RESTRICTED FUNDS WERE DESIGNATED AS SUCH BY THE DONOR, WEIRTON MEDICAL CENTER. AS OF JUNE 30, 2016 THE PERMANENTLY RESTRICTED WERE RELEASED FROM RESTRICTION AND TRANSFERRED BACK TO WEIRTON MEDICAL CENTER. THE WEIRTON MEDICAL CENTER WILL CONTINUE THE INITIAL PURPOSE OF THE FUNDS BY SUPPORTING COMMUNITY HEALTH IMPROVEMENTS. THE REMAINING TEMPORARILY RESTRICTED NET ASSETS WERE TRANSFERRED TO WEIRTON MEDICAL CENTER AS OF JUNE 30, 2016 WHEN THE FOUNDATION WAS DISSOLVED. THE FUNDS WILL BE USED AS PER THE DONORS' RESTRICTIONS FOR THE NURSE EDUCATIONAL ASSISTANCE PROGRAM AND VARIOUS OTHER PROGRAMS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES NETTED WITH REVENUE FOR PURPOSES OF THE 990 850.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSES NETTED WITH REVENUE FOR PURPOSES OF THE 990 850.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt010818
IRS990ScheduleD/TotalRevenuePerForm990Amt036854
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-3191
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011668
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt1302
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0211250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1194432
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt112374
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt115661
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CHARLES M O'BRIEN JR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1EUGENE D TROUT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO TERMED 12/2015
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0211250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1222769
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RELIED ON A RELATED ORGANIZATION, WEIRTON MEDICAL CENTER, INC., THAT UTILIZED A COMPENSATION COMMITTEE, COMPENSATION SURVEYS, AND APPROVAL OF THE BOARD TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH AND INVESTMENTS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0WEIRTON MEDICAL CENTER
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02016-06-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0550387249
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt01393141
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)3
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0601 COLLIERS WAY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0WEIRTON
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0WV
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd026062
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0EFFECTIVE JUNE 22, 2016 THE WEIRTON MEDICAL CENTER FOUNDATION WAS DISSOLVED BY BOARD RESOLUTION. ALL ASSETS WERE TRANSFERRED TO WEIRTON MEDICAL CENTER AS OF JUNE 30, 2016 THROUGH AN EQUITY TRANSFER.CASH AND INVESTMENTS TOTALING $1,393,141 WERE TRANSFERRED TO WEIRTON MEDICAL CENTER. OF THAT AMOUNT, $1,294,672 WAS THE VALUE OF THE CONTRIBUTION (INVESTMENT) THAT WEIRTON MEDICAL CENTER MADE TO THE FOUNDATION AT ITS INCEPTION. THIS CONTRIBUTION WAS REPORTED AS PERMANENTLY RESTRICTED BY THE FOUNDATION UNTIL THE FOUNDATION WAS DISSOLVED AND TRANSFERRED ALL ASSETS BACK TO WEIRTON MEDICAL CENTER.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE N, PART 1, LINE 1
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EFFECTIVE JUNE 22, 2016 THE WEIRTON MEDICAL CENTER FOUNDATION WAS DISSOLVED BY BOARD RESOLUTION. ALL ASSETS WERE TRANSFERRED TO WEIRTON MEDICAL CENTER AS OF JUNE 30, 2016.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EFFECTIVE JUNE 22, 2016 THE WEIRTON MEDICAL CENTER FOUNDATION WAS DISSOLVED BY BOARD RESOLUTION. ALL ASSETS WERE TRANSFERRED TO THE SOLE MEMBER, WEIRTON MEDICAL CENTER, THROUGH AN EQUITY TRANSFER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WEIRTON MEDICAL CORPORATION, INC., A NONPROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF WEST VIRGINIA, IS THE SOLE MEMBER OF WEIRTON MEDICAL CENTER FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION'S BOARD OF DIRECTORS IS ELECTED BY ITS SOLE MEMBER, WEIRTON MEDICAL CORPORATION, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 990 IS REVIEWED BY THE ACCOUNTANT, FINANCE DIRECTOR AND THE CFO BEFORE APPROVAL IS GIVEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD MEMBERS ARE REQUIRED TO COMPLETE CONFLICT OF INTEREST STATEMENTS ANNUALLY. THE COMPLIANCE COMMITTEE OVERSEES THE PROCESS. DURING BOARD MEETINGS, IF AN INTERESTED PARTY HAS A CONFLICT, HE OR SHE RECUSES THEMSELVES FROM VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ENTITY DISSOLVED AND ASSETS TRANSFERRED TO WEIRTON MEDICAL CENTER -1,393,141.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00

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