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Princeton Memorial Company

Princeton, WV · EIN 55-6024669 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Princeton Memorial Company reported $18.3 million in revenue and $17.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $83.35 went to program services, $16.65 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 95.8% of the total. The highest compensation it reported for one person was $240,516 (ADMINISTRATOR). 7 people received more than $100,000 in reportable compensation. Revenue rose 29% between FY2021 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 $17M

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 $18M

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)
83.4%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
16.6%13.7%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
Not reported$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.0%1.3%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.1%
Program service revenue share
Part VIII 2g ÷ 12
95.8%93.7%
Highest reported compensation
Part VII-A, columns D–F
$240,516$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.41%1.34%
People paid over $100,000
Part VII, line 2
727
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
12.06.6
Independent voting board members
Part VI 1a–1b
6 of 788.9%

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
$14M expenses · 100.0% of program spending · grants $1,105 · revenue $18M

During fiscal year 2025, Princeton Memorial Company provided inpatient care for 42,078 resident days with 59 resident admissions during the year. The staff conducted COVID and wellness programs for staff, residents, and families and provided assistance to area health care providers by conducting nurse aide training courses

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
ADMINISTRATOR
Director/trustee, officer, 40.00 hrs/week
$229,177$0$11,339$240,516
DIRECTOR OF NURSING
Key employee, 40.00 hrs/week
$210,070$0$17,569$227,639
CFO
Officer, 40.00 hrs/week
$195,128$0$16,690$211,818
STAFF DEVELOPMENT COORDINATOR
Highest compensated employee, 40.00 hrs/week
$115,039$0$5,752$120,791
MDS COORDINATOR
Highest compensated employee, 40.00 hrs/week
$109,541$0$9,454$118,995
RN/ C N A INSTRUCTOR
Highest compensated employee, 40.00 hrs/week
$103,932$0$12,407$116,339
ACCOUNTING MANAGER
Highest compensated employee, 40.00 hrs/week
$107,933$0$5,551$113,484

7 people received more than $100,000 in reportable compensation from Princeton Memorial Company (Part VII, line 2). Compensation of current officers, directors and key employees totaled $732K (Part IX, line 5).

5 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$18M$17M83.4%$17M$240,516
FY2024 ⓘ$20M$17M84.7%$16M$213,379
FY2023 ⓘ$16M$15M86.1%$12M$201,888
FY2022 ⓘ$15M$13M83.4%$11M$224,803
FY2021 ⓘ$14M$13M84.1%$10M$205,582

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–1b7 · 6 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 4No
  • 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 5288

Correct a figure or respond

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

Questions people ask

How much of Princeton Memorial Company's spending goes to programs?

In the fiscal year ending June 30, 2025, Princeton Memorial Company reported that 83.4% of its $17.1 million in expenses went to program services, 16.6% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Princeton Memorial Company pay its top executive?

The largest total compensation Princeton Memorial Company reported for one person in the fiscal year ending June 30, 2025 was $240,516, for the role of ADMINISTRATOR (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Princeton Memorial Company get its money?

Of $18.3 million in revenue in the fiscal year ending June 30, 2025, 0.0% came from contributions and grants and 95.8% from program service revenue (Form 990, Part VIII).

Is Princeton Memorial Company a registered charity?

The IRS lists EIN 55-6024669 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 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 202631359349303223 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531359349312098 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411319349300816 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321359349308042 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202222739349300012 · read the filing

All filings for EIN 55-6024669: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.