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Boone Memorial Hospital

Madison, WV · EIN 55-0477361 · 501(c)(3) · Hospital or medical research organization
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Boone Memorial Hospital reported $106.6 million in revenue and $96.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $90.09 went to program services, $9.34 to management and general costs and $0.57 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 94.7% of the total. The highest compensation it reported for one person was $2,115,680 (CEO). 76 people received more than $100,000 in reportable compensation. Revenue rose 114% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $96M

For context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $107M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,634 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
90.1%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
9.3%13.7%
Fundraising
Part IX 25(D) ÷ 25(A)
0.6%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.13$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
3.9%1.3%
Government grants share of revenue
Part VIII 1e ÷ 12
3.8%0.1%
Program service revenue share
Part VIII 2g ÷ 12
94.7%93.7%
Highest reported compensation
Part VII-A, columns D–F
$2,115,680$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
2.20%1.34%
People paid over $100,000
Part VII, line 2
7627
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
4.46.6
Independent voting board members
Part VI 1a–1b
9 of 988.9%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$87M expenses · 100.0% of program spending · grants $194K · revenue $101M

In performing its mission, Boone Memorial Hospital, inc. Had 705 acute care admissions, 1,273 observation admissions, and 172 skilled nursing care admissions. The hospital also had 6 respite care patients, 16,346 emergency room visits, and 64,716 visits in its four rural health clinics

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CEO
Officer, 45.0 hrs/week
$1,619,786$0$495,894$2,115,680
Doctor
Highest compensated employee, 40.0 hrs/week
$708,722$0$32,604$741,326
COO
Officer, 45.0 hrs/week
$602,096$0$34,599$636,695
Doctor
Highest compensated employee, 40.0 hrs/week
$579,223$0$8,538$587,761
Doctor
Highest compensated employee, 40.0 hrs/week
$517,511$0$35,787$553,298
Doctor
Highest compensated employee, 40.0 hrs/week
$527,530$0$12,787$540,317
Doctor
Highest compensated employee, 40.0 hrs/week
$476,372$0$30,003$506,375
CFO
Officer, 45.0 hrs/week
$362,404$0$70,894$433,298

76 people received more than $100,000 in reportable compensation from Boone Memorial Hospital (Part VII, line 2).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$50M$100M$150M$200MFY2020FY2021FY2022FY2023FY2024FY2025$107M$96M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$107M$96M90.1%$35M$2,115,680
FY2024 ⓘ$88M$85M82.7%$24M$720,708
FY2023 ⓘ$72M$70M81.2%$22M$713,907
FY2022 ⓘ$67M$65M79.6%$20M$639,918
FY2021 ⓘ$58M$54M88.0%$17M$582,305
FY2020 ⓘ$50M$47M86.3%$13M$554,223

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b9 · 9 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5647
  • Volunteers Part I, line 628

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
CPSI
System Software
$3,099,546
BBL Carlton
Construction
$1,392,837
Dr Bassam Haffar
Surgeon
$902,120
Bytes Computer & Network Solutions
IT/Computer
$844,913
University Physicians & Surg
Healthcare
$580,353

Individuals listed as contractors are left out. 58 contractors were paid more than $100,000 in all.

Private foundation grants it received

3 private foundations reported grants to Boone Memorial Hospital totaling $53,624 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Boone Memorial Hospital's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Boone Memorial Hospital, you can publish a response that is linked from this page.

Similar-sized charities in this cause

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Questions people ask

How much of Boone Memorial Hospital's spending goes to programs?

In the fiscal year ending June 30, 2025, Boone Memorial Hospital reported that 90.1% of its $96.2 million in expenses went to program services, 9.3% to management and general and 0.6% to fundraising (Form 990, Part IX).

How much does Boone Memorial Hospital pay its top executive?

The largest total compensation Boone Memorial Hospital reported for one person in the fiscal year ending June 30, 2025 was $2,115,680, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Boone Memorial Hospital get its money?

Of $106.6 million in revenue in the fiscal year ending June 30, 2025, 3.9% came from contributions and grants (including 3.8% from government grants) and 94.7% from program service revenue (Form 990, Part VIII).

Is Boone Memorial Hospital a registered charity?

The IRS lists EIN 55-0477361 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641349349301854 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501359349302350 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431369349302213 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311339349300946 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231329349305848 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101269349301140 · read the filing

All filings for EIN 55-0477361: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.