Marshall Health Network Inc

Nonprofit profile at a glance

EIN
320573122
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Huntington, WV, USA
Phone
3045262571
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$112,186,904
Expenses
$112,188,772
Assets
$120,743,690
Liabilities
$123,975,154

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

44 people listed

Executive titles in this filing

  • KEVIN YINGLING (MHN PRESIDENT & CEO - ENDED MARCH 2025)
  • SHAWN BASTIN (RIVERS HEALTH PRESIDENT)
  • BRYON S RAYNES (MHN EX OFFICIO PRESIDENT & CEO - STARTED MARCH 202)

Highest reported compensation

  • NEPAL CHOWDHURY (PHYSICIAN): $2,895,449 total reported compensation
  • DWIGHT SAULLE (NEUROSURGEON PHYSICIAN): $2,497,279 total reported compensation
  • MATTHEW WERTHAMMER (NEUROSURGEON PHYSICIAN): $2,105,628 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Supporting organization to operate exclusively for the benefit of, to perform the functions of, and to carry out the charitable, scientific, and educational purposes of the following organizations: cabell huntington hospital, inc., st. Mary's medical center, inc., pleasant valley hospital, inc. Dba rivers health, and university physicians & surgeons, inc. Dba marshall health.

What it reported doing in 2024

Provide services and resources for the benefit of cabell huntington hospital, inc., st. Mary's medical center, inc., pleasant valley hospital, inc. Dba rivers health, and university physicians & surgeons, inc. Dba marshall health which are all West Virginia non-profit corporations qualified as tax exempt organizations under section 501(c)(3) which operate full service acute care hospitals.

Operating model

Revenue model
Earned-program. 98% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 92
  • Accountability: 82
  • Sustainability: 26
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.1%; rating input score 85
  • Program expense ratio: 85.1%; rating input score 85
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 12th percentile among comparable filings
  • Pay-setting controls: 6 of 6 controls in place; rating input score 100
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 77.6%; rating input score 78; 16th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 69.2%; rating input score 69; 20th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -0%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 1.08; rating input score 42; 42nd percentile among comparable filings
  • Liabilities to assets ratio: 1.03; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 8%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: 64.2% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 64.2% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 72.4% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 85.1% of revenue deployed · 85.1% of spending went to programs
  • Governance: 9 of 13 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $95.4M in reported program spending
  • Leadership: top reported pay $2.9M · 44 people listed · 6 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $10.1M reported
  • Consistency: 30 of 31 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes grants, executive pay, and related organizations
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 46 filed money-flow records
  • Related organizations: 45 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 27/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.