Wheeling Hospital, Inc. is a non-profit 501c(3)
corporation, serving the counties of Wetzel, Marshall
Ohio, Brooke, Jefferson, and Belmont. The Roman
Catholic Diocese of Wheeling-Charleston is
the sole member of Wheeling Hospital, Inc.
WHEELING HOSPITAL
BALANCE SHEET
AS OF SEPTEMBER 30, 2015
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $116,641,727
Receivables-
Patients – net 27,290,044
Other 5,859,419
Current portion of assets whose use is limited 373,410
Inventories 3,025,187
Prepaid Expenses & Other Current Assets 9,420,382
Estimated Third Party Payor Settlements 250,941
Total current assets 162,861,110
INVESTMENTS, including board designated funds
Assets whose use is limited – noncurrent 56,702,691
Other long term investments 32,297,359
Total investments 89,000,050
OTHER NONCURRENT ASSETS 4,704,192
PROPERTY, PLANT AND EQUIPMENT, NET 106,971,497
TOTAL ASSETS $363,536,849
LIABILITIES AND NET ASSETS
CURRENT LIABILITIES:
Current portion of long-term debt and capital lease obligations $1,709,495
Short Term borrowings 36,535
Accounts Payable 12,185,976
Accrued Salaries & Other Expenses 11,126,982
Accrued Vacation Expense 8,092,102
Total current liabilities 33,151,090
OTHER LIABILITIES: 1,629,077
SELF-INURANCE RESERVES 5,786,172
LONG-TERM DEBT AND CAPITAL LEASE OBLIGATIONS 58,249,337
NET ASSETS:
Unrestricted 256,916,558
Temporarily restricted 7,804,615
Total net assets 264,721,173
TOTAL LIABILITIES AND NET ASSETS $363,536,849
WHEELING HOSPITAL
STATEMENT OF OPERATIONS
YEAR ENDED SEPTEMBER 30, 2015
UNRESTRICTED REVENUES, GAINS, AND OTHER SUPPORT:
Net patient service revenue $297,350,773
Other revenue 10,239,430
Total revenues, gains, and other support 307,590,203
EXPENSES:
Compensation and employee benefits 146,000,283
Supplies, purchased services, and general 108,496,108
Depreciation & Amortization 14,314,819
Interest expense 3,045,645
Other 276,128
Total expenses 272,132,983
Gain from operations 35,457,220
NET NON-OPERATING INCOME 3,409,797
EXCESS OF REVENUES OVER EXPENSES $38,867,017
WHEELING HOSPITAL
STATEMENT OF CHANGES IN NET ASSETS
YEAR ENDED SEPTEMBER 30, 2015
UNRESTRICTED NET ASSETS:
Excess of Revenues over Expenses $38,867,017
Change in net unrealized gains and losses on investments (6,806,276)
Net effect of intercompany activity and transfers (1,190,768)
Contributed Surplus (238,226)
INCREASE IN UNRESTRICTED NET ASSETS 30,631,747
DECREASE IN TEMPORARILY RESTRICTED NET ASSETS (431,874)
Increase in net assets 30,199,873
NET ASSETS, beginning of year 234,521,300
NET ASSETS, end of year $264,721,173
The details concerning the contents of this advertisement together with
other reports, statements, and schedules required to be filed by Section 16,
Article 5F of the West Virginia Code, are available for public inspection and
copying at the office of the West Virginia Health Care Authority,
100 Dee Drive, Suite 201, Charleston, WV 25311-1692, during regular
hours, 9:00 a.m. to 5:00 p.m., on any business day.
Continuous Care Center is a division of Wheeling Hospital, Inc. a non-profit
501c(3) corporation, serving the counties of Wetzel, Marshall, Ohio, Brooke,
Jefferson, and Belmont. The Roman Catholic Diocese of Wheeling-Charleston
is the sole member of Wheeling Hospital, Inc.
WHEELING CONTINUOUS CARE CENTER
BALANCE SHEET
AS OF SEPTEMBER 30, 2015
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $14,119
Receivables-
Patients – net 923,075
Inventories 15,131
Prepaid Expenses & Other Current Assets 3,403
Total current assets 955,728
PROPERTY, PLANT AND EQUIPMENT, NET 977,648
TOTAL ASSETS $1,933,376
LIABILITIES AND NET ASSETS
CURRENT LIABILITIES:
Accounts Payable $71,021
Accrued Salaries & Other Expenses 12,544
Accrued Vacation Expense 236,632
Estimated Settlement Amounts Due to Third Party Payors 32,255
Total current liabilities 352,452
NET ASSETS:
Unrestricted 1,580,924
Total net assets 1,580,924
TOTAL LIABILITIES AND NET ASSETS $1,933,376
WHEELING CONTINUOUS CARE CENTER
STATEMENT OF OPERATIONS
YEAR ENDED SEPTEMBER 30, 2015
UNRESTRICTED REVENUES, GAINS, AND OTHER SUPPORT:
Net patient service revenue $9,115,559
Other revenue 23,165
Total revenues, gains, and other support 9,138,724
EXPENSES:
Compensation and employee benefits 5,907,203
Supplies, purchased services, and general 2,372,174
Depreciation 175,808
Total expenses 8,455,185
Gain from operations 683,539
NET NON-OPERATING INCOME 82,936
EXCESS OF REVENUES OVER EXPENSES $766,475
WHEELING CONTINUOUS CARE CENTER
STATEMENT OF CHANGES IN NET ASSETS
YEAR ENDED SEPTEMBER 30, 2015
UNRESTRICTED NET ASSETS:
Excess of Revenues over Expenses $766,475
Net effect of intercompany activity and transfers (1,019,232)
DECREASE IN UNRESTRICTED NET ASSETS (252,757)
Decrease in net assets (252,757)
NET ASSETS, beginning of year 1,833,681
NET ASSETS, end of year $1,580,924
The details concerning the contents of this advertisement together with other reports, statements, and schedules required to be filed by Section 16, Article 5F of the West
Virginia Code, are available for public inspection and copying at the office of the West Virginia Health Care Authority, 100 Dee Drive, Suite 201, Charleston, WV 25311-1692, during regular hours, 9:00am to 5:00pm, on any business day.
Medical Park Foundation is a division of Wheeling Hospital, Inc., a non-profit
501c(3) corporation, serving the counties of Wetzel, Marshall, Ohio, Brooke,
Jefferson, and Belmont. The Roman Catholic Diocese of Wheeling-Charleston
is the sole member of Wheeling Hospital, Inc.
MEDICAL PARK FOUNDATION
BALANCE SHEET
AS OF SEPTEMBER 30, 2015
ASSETS
OTHER RECEIVABLE $2,409
INVESTMENTS $3,233,967
TOTAL ASSETS $3,236,376
LIABILITIES AND NET ASSETS
CURRENT LIABILITIES:
Accounts Payable $1,939,441
Total current liabilities $1,939,441
NET ASSETS:
Unrestricted (444,764)
Temporarily restricted 1,741,699
Total net assets 1,296,935
TOTAL LIABILITIES AND NET ASSETS $3,236,376
MEDICAL PARK FOUNDATION
STATEMENT OF OPERATIONS
YEAR ENDED SEPTEMBER 30, 2015
OTHER INCOME
Investment Income $48,853
Total Other Income: 48,853
EXPENSES:
Supplies, purchased services and general 5,707
Total expenses 5,707
Gain from Operations 43,146
EXCESS OF REVENUES OVER EXPENSES $43,146
MEDICAL PARK FOUNDATION
STATEMENT OF CHANGES IN NET ASSETS
YEAR ENDED SEPTEMBER 30, 2015
UNRESTRICTED NET ASSETS:
Excess of Revenues over Expenses $43,146
Change in net unrealized gains and
losses on investments (107,954)
DECREASE IN UNRESTRICTED NET ASSETS (64,808)
INCREASE IN TEMPORARILY RESTRICTED NET ASSETS 10,029
Decrease in Net Assets (54,779)
NET ASSETS, beginning of year 1,351,714
NET ASSETS, end of year $1,296,935
The details concerning the contents of this advertisement together with other reports,
statements, and schedules required to be filed by Section 16, Article 5F of the West
Virginia Code, are available for Public inspection and copying at the office of the
West Virginia Health Care Authority,100 Dee Drive, Suite 201, Charleston, WV
25311-1692, during regular hours, 9:00 a.m. to 5:00 p.m. on any business day.
Int. March 1, 2016
N.R. March 1, 2016
235147