ZUnclassifiedEIN: 550484469

Hospital Development Co

Spencer, West Virginia

BHealth Score
59B

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Above Average

How This Organization Compares

Compared to 111 peers in Unclassified with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org0.26×
Peer Median5.86×
💰
$62.5M
Total Revenue
📊
$62.5M
Total Expenses
🏦
$16.5M
Net Assets
📋
$33.5M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+10.4%
Year-over-year change (2022 → 2023)
Net Margin
-0.0%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.26
Net assets divided by total expenses
Liabilities-to-Assets
67.0%
Total liabilities as % of total assets

Filing History

14 filings on record
YearRevenueExpensesAssets
2023$62,515,50710%$62,525,5497%$50,041,9022%
2022$56,627,0919%$58,246,04118%$49,105,6637%
2021$52,048,46913%$49,312,72110%$52,869,9154%
2020$46,111,1245%$44,828,7877%$55,344,941108%
2019$43,726,46333246%$41,946,216611807%$26,653,2053762%
2019$131,130100%$6,855100%$690,06997%
2018$41,232,9285%$39,212,7555%$25,182,7574%
2017$39,228,82818%$37,327,60315%$24,207,13121%
2016$33,383,09721%$32,582,59115%$20,056,85811%
2015$27,602,1396%$28,389,8401%$17,997,6335%
2014$29,302,4007%$28,690,8947%$17,075,0082%
2013$27,331,1503%$26,820,8973%$17,398,08211%
2012$26,588,7196%$26,106,5425%$15,658,762
2011$25,059,957$24,770,016$15,618,955

Frequently Asked Questions

What does Hospital Development Co do?

Hospital Development Co is a unclassified nonprofit organization based in West Virginia. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Hospital Development Co financially healthy?

Based on our 9-metric Financial Health Score model, Hospital Development Co has a score of 59/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Hospital Development Co generate?

Hospital Development Co reports $66.9M in annual revenue and holds $51.9M in total assets, based on IRS filings.

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