Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $1,004,477

• 1g · Noncash contributions included above

  $877,102

• 2a · Program service revenue: NET PATIENT SERVICE REVENUE

  total $90,833,180 · related or exempt $90,833,180

• 2b · Program service revenue: MEDICARE / MEDICAID

  total $80,874,154 · related or exempt $80,874,154

• 2c · Program service revenue: ATHLETIC TRAINING

  total $137,000 · related or exempt $137,000

• 2d · Program service revenue: MEDICAL RECORDS

  total $26,909 · related or exempt $26,909

• 2e · Program service revenue: HOSP FRANCHISE TAX RECOVERIES

  total $2,421 · related or exempt $2,421

• 3 · Investment income

  total $2,162,893 · excluded $2,162,893

• 6a · Gross rents

  real property $4,048,675

• 6b · Less rental expenses

  real property $2,977,366

• 6c · Rental income or loss

  real property $1,071,309

• 6d · Net rental income or loss

  total $1,071,309 · excluded $1,071,309

• 7a · Gross sales of assets other than inventory

  securities $62,559,092 · other assets $348,133

• 7b · Less cost or other basis and sales expenses

  securities $58,955,929 · other assets $233,306

• 7c · Gain or loss

  securities $3,603,163 · other assets $114,827

• 7d · Net gain or loss

  total $3,717,990 · excluded $3,717,990

• 10a · Gross sales of inventory

  $213,923

• 10b · Cost of goods sold

  $213,922

• 10c · Net income from sales of inventory

  total $1 · excluded $1

• 11a · Other revenue: FEMA REVENUE

  total $73,991 · excluded $73,991

• 11b · Other revenue: STERILE PROCESSING

  total $20,590 · excluded $20,590

• 11c · Other revenue: EMS EDUCATION

  total $9,353 · excluded $9,353

• 11d · All other revenue

  total $20,940 · excluded $20,940

• 11e · Other revenue, total

  $124,874

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $7,815,624 · program services $7,815,624

• 5 · Compensation of officers, directors and key employees

  total $1,246,487 · program services $1,039,862 · management and general $206,625

• 7 · Other salaries and wages

  total $52,553,992 · program services $49,721,829 · management and general $2,832,163

• 8 · Pension plan contributions

  total $10,995,931 · program services $10,374,853 · management and general $621,078

• 9 · Other employee benefits

  total $4,225,767 · program services $3,987,085 · management and general $238,682

• 10 · Payroll taxes

  total $3,858,126 · program services $3,640,209 · management and general $217,917

• 11a · Fees: management

  total $155,222 · program services $155,222

• 11b · Fees: legal

  total $7,362 · management and general $7,362

• 11d · Fees: lobbying

  total $4,404 · management and general $4,404

• 11f · Fees: investment management

  total $304,381 · management and general $304,381

• 11g · Fees: other

  total $30,409,158 · program services $29,690,384 · management and general $718,774

• 12 · Advertising and promotion

  total $176,098 · program services $176,098

• 13 · Office expenses

  total $490,358 · program services $225,367 · management and general $264,991

• 14 · Information technology

  total $856,654 · program services $685,480 · management and general $171,174

• 16 · Occupancy

  total $4,683,763 · program services $4,606,263 · management and general $77,500

• 17 · Travel

  total $45,159 · program services $38,114 · management and general $7,045

• 20 · Interest

  total $1,648,901 · program services $1,648,901

• 22 · Depreciation, depletion and amortization

  total $9,813,853 · program services $9,813,853

• 23 · Insurance

  total $181,251 · program services $157,748 · management and general $23,503

• 24a · Other expenses: OPERATING SUPPLIES

  total $18,974,939 · program services $18,974,939

• 24b · Other expenses: HOSPITAL FRANCHISE TAX

  total $4,464,366 · program services $4,464,366

• 24c · Other expenses: REPAIRS AND MAINTENANCE

  total $1,138,290 · program services $1,136,012 · management and general $2,278

• 24d · Other expenses: MINOR EQUIPMENT

  total $189,627 · program services $188,842 · management and general $785

• 24e · All other expenses

  total $271,563 · program services $142,588 · management and general $128,975

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,560 · end of year $555

• 2 · Savings and temporary cash investments

  beginning of year $616,219 · end of year $587,186

• 4 · Accounts receivable

  beginning of year $24,688,757 · end of year $22,245,381

• 7 · Other notes and loans receivable

  beginning of year $1,230,000 · end of year $1,140,333

• 8 · Inventories for sale or use

  beginning of year $1,211,605 · end of year $1,100,303

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,840,737 · end of year $1,409,022

• 10a · Land, buildings and equipment: cost or other basis

  $239,548,469

• 10b · Land, buildings and equipment: accumulated depreciation

  $160,344,374

• 10c · Land, buildings and equipment, net

  beginning of year $75,977,719 · end of year $79,204,095

• 11 · Investments: publicly traded securities

  beginning of year $62,847,819 · end of year $208,381,167

• 12 · Investments: other securities

  beginning of year $26,716,606 · end of year $90,841,340

• 15 · Other assets

  beginning of year $617,443 · end of year $554,113

• 17 · Accounts payable and accrued expenses

  beginning of year $11,984,777 · end of year $11,397,139

• 18 · Grants payable

  beginning of year $813,277 · end of year $5,012,930

• 20 · Tax-exempt bond liabilities

  beginning of year $53,652,265 · end of year $52,892,426

• 23 · Secured mortgages and notes payable

  beginning of year $537,668 · end of year $1,290,452

• 25 · Other liabilities

  beginning of year $52,279,842 · end of year $39,507,153

• 27 · Net assets without donor restrictions

  beginning of year $76,481,636 · end of year $295,363,395

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION FOR UPPER VALLEY'S CEO IS REVIEWED AND APPROVED BY PREMIER, WITH WHICH UPPER VALLEY IS AN AFFILIATE. SEE EXPLANATION ON SCHEDULE O FOR FORM 990, PART VI, SECTION B, LINE 15.

PART I, LINE 4A:

THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE: MARC BELCASTRO, DO. $324,324; ELAINE DEAN $131,034; GARY GINTER $219,618.

PART I, LINE 4B:

DUE TO RESTRICTIONS IMPOSED BY THE INTERNAL REVENUE CODE, CERTAIN PERSONS ARE LIMITED IN THE AMOUNT OF BENEFIT THAT CAN BE EARNED UNDER A QUALIFIED RETIREMENT PLAN. LIKE MANY EMPLOYERS, UPPER VALLEY MEDICAL CENTER (UPPER VALLEY) AND ITS AFFILIATED ORGANIZATIONS COMPENSATE FOR THIS LIMITATION AND SUPPLEMENT THE AFFECTED EXECUTIVES' QUALIFIED PENSION THROUGH CERTAIN NONQUALIFIED PLANS. UPPER VALLEY SUPPLEMENTS THE AFFECTED EXECUTIVES THROUGH A PENSION RESTORATION PLAN OR A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP). THE BENEFITS UNDER THESE SUPPLEMENTAL NONQUALIFIED PLANS ARE SUBJECT TO MULTI-YEAR VESTING AND A PARTICIPANT CAN FORFEIT BENEFITS EARNED IF VESTING REQUIREMENTS ARE NOT SATISFIED. UNDER THE TERMS OF THE SUPPLEMENTAL PLANS, AND BECAUSE OF TAX RULES PERTAINING TO TAXATION OF THE EARNED BENEFITS UPON VESTING, CERTAIN INDIVIDUALS RECEIVED A PAYOUT OF THE CUMULATIVE VESTED BENEFITS UNDER THEIR SUPPLEMENTAL PLAN DURING 2024. THE INDIVIDUALS LISTED BELOW HAVE MET THE MULTI-YEAR VESTING REQUIREMENT UNDER THE PENSION RESTORATION PLAN RECEIVED THE ASSOCIATED PAYMENT IN 2024: MARY CLANCY $8,646; J. MICHAEL SIMS $56,017; GEOFFREY WALKER $194,485. THE INDIVIDUALS LISTED BELOW HAVE MET THE MULTI-YEAR VESTING REQUIREMENT UNDER THE SERP AND RECEIVED THE ASSOCIATED PLAN PAYMENT 2024: MARC BELCASTRO, M.D. $41,167; GARY GINTER $15,527; KEVIN HARLAN $47,900; MICHAEL RIORDAN $93,572. IN ADDITION, THE FOLLOWING SERP AMOUNTS WERE DEFERRED ON THE PARTICIPANTS' BEHALF DURING THE YEAR AND WILL BE HELD UNTIL THE INCREMENTAL AMOUNTS ARE VESTED: KEITH BRICKING, M.D. $21,279; ELAINE DEAN $18,136; LISA GOSSETT $9,078; SCOTT KANAGY, M.D. $19,629; BILLIE LUCENTE-BAKER $711; CARA POWERS $7,753; TRISHA WACKLER $2,960. BASED ON THE GUIDANCE PROVIDED IN THE INSTRUCTIONS TO THE FORM 990, ANY PAYMENTS TO THE PARTICIPANTS RELATED TO THESE PLANS THAT WERE MADE WITHIN 2-1/2 MONTHS AFTER THE END OF THE ORGANIZATION'S TAX YEAR ARE AMOUNTS ARE PROPERLY REPORTED AS COMPENSATION FOR FORM 990 PURPOSES NOT TREATED AS DEFERRED COMPENSATION FOR PURPOSES OF SCHEDULE J. SUCH WHEN INCLUDED IN THE PARTICIPANTS' FORM W-2 WAGES.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• SWEITZER STREET LLC

  EXCLUDED · REAL ESTATE · OH

  Directly controlled by MVHE INC

• SWEITZER MOB LLC

  EXCLUDED · REAL ESTATE · OH

  Directly controlled by MVHE INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• MVHE INC

  C · PHYSICIAN SVCS · OH

  Directly controlled by PREMIER HEALTH HOLDING CO

• PREMIER HEALTH SPECIALISTS

  C · PHYSICIAN SVCS · OH

  Directly controlled by PREMIER HEALTH HOLDING CO

• SAMARITAN FAMILY CARE

  C · PHYSICIAN SVCS · OH

  Directly controlled by PREMIER HEALTH HOLDING CO

• AFTER HOURS FAMILY CARE

  C · HEALTH CARE · OH

  Directly controlled by UPPER VALLEY PROFESSIONAL CORP

• UVMC MANAGEMENT CORP

  C · MANAGEMENT COMPANY · OH

  Directly controlled by PREMIER HEALTH

• PREMIER HEALTH URGENT CARE INC

  C · URGENT CARE · OH

  Directly controlled by PREMIER HEALTH HOLDING CO

• PREMIER HEALTH PLAN INC

  C · HEALTH INSURANCE · OH

  Directly controlled by PREMIER HEALTH INSURING CO

• GOOD SAMARITAN HOSPITAL

  C · HOSPITAL · OH

  Directly controlled by PREMIER HEALTH

• PREMIER HEALTH INT'L INSURANCE

  C · INSURANCE · BD

  Directly controlled by PREMIER HEALTH

• PREMIER HEALTH ACO OF OHIO

  C · MEDICARE ACO · OH

  Directly controlled by PREMIER HEALTH

• PREMIER HEALTH HOLDING CO

  C · HOLDING CO · OH

  Directly controlled by PREMIER HEALTH

• PREMIER HEALTH INSURING CO

  C · HEALTH INSURANCE · OH

  Directly controlled by PREMIER HEALTH