THE HEALTH PLAN OF WEST VIRGINIA INCPub 78
Pub 78
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$772,676,162
Program Services
97%
Other
2%
Investments
2%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$776,295,208
Benefits to Members
89%
Salaries & Benefits
5%
Fees to Service Providers
2%
Offices, Occupancy & IT
2%
Other
<1%
Advertising & Promotion
<1%
Depreciation
<1%
Grants
<1%
Interest
<1%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$778,768,443
$747,972,277
-4%
Membership Dues
$0
$0
-
Investments
$11,963,008
$12,230,019
+2%
Other
$2,486,073
$12,473,866
+402%
Total Revenues
$793,217,524
$772,676,162
-3%
Expenses
2023
2024
Change
Grants
$856,558
$532,522
-38%
Benefits to Members
$697,332,785
$693,128,171
-1%
Salaries & Benefits
$42,840,535
$41,327,747
-4%
Fees to Service Providers
$16,471,598
$16,456,995
0%
Advertising & Promotion
$4,305,029
$3,374,976
-22%
Offices, Occupancy & IT
$10,441,340
$11,986,522
+15%
Interest
$351,115
$529,100
+51%
Depreciation
$1,983,056
$1,807,520
-9%
Other
$6,192,362
$7,151,655
+15%
Total Expenses
$780,774,378
$776,295,208
-1%
Net income
2023
2024
Change
Net income
+$12,443,146
-$3,619,046
-129%
Functional Expenses
Summary
2023
2024
Change
Program
$766,021,218
$761,347,273
-1%
Admin
$14,753,160
$14,947,935
+1%
Fundraising
$0
$0
-
Total Expenses
$780,774,378
$776,295,208
-1%
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