Nonprofit · EIN 55-0689535
LIABILITY INSURANCE TRUST FOR MONONGALIA HEALTH SYSTEM INC AND M
Tax-exempt · MORGANTOWN, WV 26505
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,561,739 | $3,915,313 | -$1,353,574 | $4,626,403 | $0 | $4,626,403 |
| December 31, 2023 | 990 | $1,924,024 | $4,652,216 | -$2,728,192 | $5,752,346 | $0 | $5,752,346 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,391,233
- Investment income
- $170,506
- Net gain from sales of assets
- -$12,511
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $24,080
- Other salaries and wages
- $257,456
- Salaries, compensation and benefits (total)
- $281,536
- Professional fundraising fees
- $0
- Program services (functional)
- $3,915,313
Balance sheet and other
- Total assets, start of year
- $5,752,346
- Total assets, end of year
- $4,626,403
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,626,403
- Publicly traded securities
- $4,525,560
- Net assets without donor restrictions
- $4,626,403
- Gross receipts
- $6,703,991
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1989
- State of legal domicile
- WV
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID GOLDBERG | PRESIDENT/CEO Trustee or director, Officer | 1 | $0 | $996,584 | $51,139 |
| HUNTINGTON BANK | TRUSTEE Institutional trustee | 1 | $24,080 | $0 | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID GOLDBERG | PRESIDENT/CEO Trustee or director, Officer | 1 | $0 | $853,663 | $36,373 |
| HUNTINGTON BANK | TRUSTEE Institutional trustee | 1 | $24,545 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1200 J D ANDERSON DR, MORGANTOWN, WV 26505-3494
- Principal officer (990 for 2024)
- DAVID S GOLDBERG, 1200 JD ANDERSON DRIVE, MORGANTOWN, WV 26505
- Signed the 990
- JEFF SANDENE, EXECUTIVE VP AND CFO
- Phone
- (304) 598-1242
- Return prepared by
- DELOITTTE TAX LLP
Mission
PAYMENT OF LIABILITY CLAIMS AND COSTS ASSOCIATED WITH THE OPERATION OF THE RISK MANAGEMENT DIVISION.
Program accomplishments
- PAYMENT OF LIABILITY CLAIMS AND COSTS ASSOCIATED WITH THE OPERATION OF THE RISK MANAGEMENT DIVISION.Expenses $3,915,313 · revenue $2,391,233
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 55-0689535
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E22)
- Assets (IRS master file)
- $4,626,403
- Income (IRS master file)
- $6,703,991
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,561,739 | $3,915,313 | $4,626,403 | XML |
| 990 | December 2023 | $1,924,024 | $4,652,216 | $5,752,346 | XML |
| 990 | December 2022 | $4,295,648 | $1,117,239 | $8,480,538 | IRS |
| 990 | June 2022 | $3,012,128 | $2,943,567 | $4,957,379 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 55-0689535).
Questions about LIABILITY INSURANCE TRUST FOR MONONGALIA HEALTH SYSTEM INC AND M
- What is the EIN of LIABILITY INSURANCE TRUST FOR MONONGALIA HEALTH SYSTEM INC AND M?
- The employer identification number (EIN) of LIABILITY INSURANCE TRUST FOR MONONGALIA HEALTH SYSTEM INC AND M is 55-0689535.
- Is LIABILITY INSURANCE TRUST FOR MONONGALIA HEALTH SYSTEM INC AND M tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to LIABILITY INSURANCE TRUST FOR MONONGALIA HEALTH SYSTEM INC AND M tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does LIABILITY INSURANCE TRUST FOR MONONGALIA HEALTH SYSTEM INC AND M file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LIABILITY INSURANCE TRUST FOR MONONGALIA HEALTH SYSTEM INC AND M due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LIABILITY INSURANCE TRUST FOR MONONGALIA HEALTH SYSTEM INC AND M last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LIABILITY INSURANCE TRUST FOR MONONGALIA HEALTH SYSTEM INC AND M?
- The 990 for the year ended December 31, 2024 names DAVID S GOLDBERG.
- Who are the officers and directors of LIABILITY INSURANCE TRUST FOR MONONGALIA HEALTH SYSTEM INC AND M?
- The 990 for the year ended December 31, 2024 lists 2 people; 1 received compensation from the organization.
- How much revenue does LIABILITY INSURANCE TRUST FOR MONONGALIA HEALTH SYSTEM INC AND M have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,561,739, expenses of $3,915,313 and total assets of $4,626,403 at year end.
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