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Nonprofiteer
← LOWER VALLEY HOSPITAL ASSOCIATION

Form 990 for tax year 2024

Filed by LOWER VALLEY HOSPITAL ASSOCIATION.

Totals

Total revenue
$87,928,824
Total expenses
$85,534,061
Contributions and grants received
$686,964
Grants paid
$0
Program service revenue
$85,350,472
Investment income
$954,022
Other revenue
$937,366
Total assets, end of year
$75,986,038
Total liabilities, end of year
$54,709,995
Net assets or fund balances, end of year
$21,276,043
Program services expenses (Part IX)
$70,294,444
Management and general expenses
$15,239,617
Fundraising expenses
$0
Program service expenses (Part III)
$70,294,444

Program services were 82.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $137,039

  • 1d · Related organizations

    $63,640

  • 1e · Government grants (contributions)

    $474,580

  • 1f · All other contributions, gifts and grants

    $11,705

  • 2a · Program service revenue: HOSPITAL REVENUE

    total $59,961,007 · related or exempt $59,961,007

  • 2b · Program service revenue: PHYSICIAN CLINICS

    total $24,140,274 · related or exempt $24,140,274

  • 2c · Program service revenue: ASSISTED LIVING

    total $1,148,197 · related or exempt $1,148,197

  • 2f · All other program service revenue

    total $100,994 · related or exempt $100,994

  • 3 · Investment income

    total $943,122 · excluded $943,122

  • 7a · Gross sales of assets other than inventory

    other assets $10,900

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

    other assets $0

  • 7c · Gain or loss

    other assets $10,900

  • 7d · Net gain or loss

    total $10,900 · excluded $10,900

  • 11a · Other revenue: CAFETERIA REVENUE

    total $312,581 · excluded $312,581

  • 11d · All other revenue

    total $624,785 · related or exempt $351,150 · excluded $273,635

  • 11e · Other revenue, total

    $937,366

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,596,304 · program services $566,403 · management and general $1,029,901

  • 7 · Other salaries and wages

    total $41,543,111 · program services $35,490,009 · management and general $6,053,102

  • 8 · Pension plan contributions

    total $1,092,839 · program services $892,559 · management and general $200,280

  • 9 · Other employee benefits

    total $4,846,621 · program services $3,937,063 · management and general $909,558

  • 10 · Payroll taxes

    total $2,986,973 · program services $2,385,324 · management and general $601,649

  • 11b · Fees: legal

    total $133,183 · program services $85,639 · management and general $47,544

  • 11c · Fees: accounting

    total $142,820 · management and general $142,820

  • 11d · Fees: lobbying

    total $3,836 · management and general $3,836

  • 11g · Fees: other

    total $12,918,270 · program services $10,826,037 · management and general $2,092,233

  • 12 · Advertising and promotion

    total $501,669 · program services $2,339 · management and general $499,330

  • 13 · Office expenses

    total $815,234 · program services $568,208 · management and general $247,026

  • 14 · Information technology

    total $1,845,175 · program services $769,229 · management and general $1,075,946

  • 16 · Occupancy

    total $1,359,064 · program services $1,087,869 · management and general $271,195

  • 17 · Travel

    total $144,293 · program services $100,335 · management and general $43,958

  • 19 · Conferences, conventions and meetings

    total $3,153 · program services $3,153

  • 20 · Interest

    total $2,169,114 · program services $1,555,191 · management and general $613,923

  • 22 · Depreciation, depletion and amortization

    total $2,817,865 · program services $2,020,326 · management and general $797,539

  • 23 · Insurance

    total $617,460 · program services $255,040 · management and general $362,420

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $5,722,271 · program services $5,671,297 · management and general $50,974

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $3,167,121 · program services $3,167,121

  • 24c · Other expenses: DIETARY EXPENSE

    total $521,981 · program services $521,981

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $401,534 · program services $245,800 · management and general $155,734

  • 24e · All other expenses

    total $184,170 · program services $143,521 · management and general $40,649

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,396,919 · end of year $1,689,754

  • 2 · Savings and temporary cash investments

    beginning of year $18,635,433 · end of year $24,037,363

  • 4 · Accounts receivable

    beginning of year $15,364,305 · end of year $21,199,511

  • 8 · Inventories for sale or use

    beginning of year $1,619,110 · end of year $1,561,214

  • 9 · Prepaid expenses and deferred charges

    beginning of year $744,887 · end of year $660,674

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

    $70,688,064

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

    $47,232,771

  • 10c · Land, buildings and equipment, net

    beginning of year $24,632,865 · end of year $23,455,293

  • 12 · Investments: other securities

    beginning of year $1,114,243 · end of year $1,089,415

  • 14 · Intangible assets

    end of year $6,510

  • 15 · Other assets

    beginning of year $2,346,873 · end of year $2,286,304

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,511,905 · end of year $8,956,174

  • 20 · Tax-exempt bond liabilities

    beginning of year $36,722,678 · end of year $36,026,915

  • 23 · Secured mortgages and notes payable

    beginning of year $3,222,515 · end of year $2,660,160

  • 25 · Other liabilities

    beginning of year $6,516,257 · end of year $7,066,746

  • 27 · Net assets without donor restrictions

    beginning of year $17,360,504 · end of year $19,783,722

  • 28 · Net assets with donor restrictions

    beginning of year $1,520,776 · end of year $1,492,321

Mission and programs · 2024

Mission

FAMILY HEALTH WEST IS DEDICATED TO SUPPORTING OUR COMMUNITY BY REINVENTING THE HEALTHCARE EXPERIENCE WITH A FOCUS ON QUALITY OUTCOMES. WE STRIVE TO PROVIDE WARM, COMPASSIONATE SERVICE TO MAKE EVERY PATIENT'S DAY A LITTLE BETTER. WE WILL SURROUND OURSELVES WITH A DIVERSE GROUP OF PEOPLE WHO EXUDE THE VALUES EMBRACED BY FAMILY HEALTH WEST. EACH OF US WILL WORK EVERY DAY TO PROMOTE OUR MISSION AND THE GUIDING PRINCIPLES OF FHW CARES - FAMILY, HONESTY, WELLNESS, COMPASSION, ACCOUNTABILITY, RESPECT, EXCELLENCE, AND SAFETY.

Activities or mission (Part I)

ADDRESS THE HEALTHCARE NEEDS OF THE GREATER FRUITA COMMUNITY AND PROVIDE HEALTHCARE SERVICES WITHOUT REGARD TO RACE, AGE, HANDICAP, CREED, OR NATIONAL ORIGIN. PROVIDE THOSE SERVICES TO INDIVIDUALS OF ALL INCOME LEVELS CONSISTENT WITH OUR FINANCIAL ABILITY TO DO SO.

  • LOWER VALLEY HOSPITAL ASSOCIATION OPERATES A 25-BED ACUTE CARE AND SWING BED CRITICAL ACCESS HOSPITAL. OUTPATIENT SERVICES INCLUDE EMERGENCY, ANCILLARY TESTING, SURGICAL AND THERAPY. THE HOSPITAL PARTICIPATES IN THE MEDICARE AND MEDICAID PROGRAMS, PROVIDES CHARITY CARE AND OTHER ASSISTANCE TO ENSURE ACCESS TO THESE SERVICES IN OUR COMMUNITY. OUR HOSPITAL SERVICES ARE 51% MEDICARE AND 21% MEDICAID. WE PROVIDE LABS FOR THE GOOD SAMARITAN CLINIC, PROGRAMMING AND CLASSES FOR COMMUNITY PARKINSONS PATIENTS AND COLLABORATIVE OUTPATIENT REHABILITATION SERVICES FOR SENIORS. THE HOSPITAL SERVES THE COMMUNITIES OF FRUITA, LOMA AND MACK COLORADO ALONG WITH EASTERN VILLAGES IN CENTRAL UTAH. MANY PATIENTS COME TO FRUITA, FROM GRAND JUNCTION AND OTHER AREAS OF MESA COUNTY, AS THE HOSPITAL IS SOUGHT AFTER DUE TO ITS REPUTATION OF PERSONALIZED CARE AND QUALITY OF MEDICAL STAFF AND SERVICES PROVIDED.

    Expenses $52,368,767 · Revenue $60,413,151

  • THE ORGANIZATION OWNS AND OPERATES CLINICS TO ENSURE ACCESS TO PRIMARY AND SPECIALTY CARE SERVICES IN THE COMMUNITY. THESE OPERATIONS INCLUDE BUT ARE NOT LIMITED TO ANESTHESIA, EMERGENCY PROVIDERS, HOSPITALIST, RADIOLOGIST, ORTHOPEDIC SPECIALISTS, PODIATRY, RHEUMATOLOGY, PAIN AND PHYSIATRY. THE ORGANIZATION CONTINUES TO GROW THE 2 PRIMARY CARE PRACTICES IN ITS EMPLOY, IN RESPONSE TO THE GROWING POPULATION AND ITS NEED FOR ACCESS TO PRIMARY CARE. BEHAVIORAL HEALTH IS EMBEDDED WITHIN PRIMARY CARE, PROVIDING A MUCH NEEDED COLLABORATION BETWEEN PHYSICIANS/PROVIDERS AND MENTAL HEALTH PROFESSIONALS. THE ORGANIZATION ALSO OPERATES AN URGENT CARE CLINIC WHICH PROVIDES AN ALTERNATIVE TO EMERGENCY SERVICES IN A REDUCED COST SETTING.

    Expenses $16,711,639 · Revenue $24,140,274

  • THE ORGANIZATION OPERATES A MEMORY CARE FACILITY THAT PROVIDE RESIDENTIAL ACCOMMODATIONS AND LIMITED HEALTHCARE SERVICES TO THE ELDERLY AND DISABLED FOR A TOTAL BED COUNT OF 26. THE WILLOWS IS DEDICATED TO RESIDENTS WITH DEMENTIA AND IS A SECURED FACILITY.

    Expenses $1,214,038 · Revenue $1,148,197

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Paul Burdett

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ken Palmer

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jane Foster RN Bsn Msha

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Christi Flynn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jeanne Haberer Do

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jerry Hamilton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jennifer Landini

    TRUSTEE (THRU 12/24)

    Total calculated
    $0
    Hours/week
    1

  • Errol Snider

    TRUSTEE

    Total calculated
    $83,070
    From this org
    $61,194
    From related orgs
    $0
    Other
    $21,876
    Hours/week
    32

  • Larry Tice MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Korrey Klein MD

    PRESIDENT/CEO & SECRETARY

    Total calculated
    $443,595
    From this org
    $395,912
    From related orgs
    $0
    Other
    $47,683
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $336,187
    Bonus
    $52,172
    Other
    $7,553
    Deferred
    $13,800
    Nontaxable benefits
    $33,883
    Filer's total
    $443,595

  • Christoper Taggart MD

    CHIEF MEDICAL OFFICER

    Total calculated
    $278,470
    From this org
    $267,760
    From related orgs
    $0
    Other
    $10,710
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,080
    Bonus
    $5,680
    Other
    $0
    Deferred
    $10,710
    Nontaxable benefits
    $0
    Filer's total
    $278,470

  • Vanessa McClellan Do

    CHIEF OF MEDICAL STAFF

    Total calculated
    $287,933
    From this org
    $256,100
    From related orgs
    $0
    Other
    $31,833
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,689
    Bonus
    $23,411
    Other
    $0
    Deferred
    $9,299
    Nontaxable benefits
    $22,534
    Filer's total
    $287,933

  • Lori Randall

    EXECUTIVE VP/COO, CAN, HA

    Total calculated
    $255,340
    From this org
    $234,312
    From related orgs
    $0
    Other
    $21,028
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,312
    Bonus
    $0
    Other
    $0
    Deferred
    $9,494
    Nontaxable benefits
    $11,534
    Filer's total
    $255,340

  • Theresa Tabor

    VP FINANCE/CFO

    Total calculated
    $247,895
    From this org
    $219,416
    From related orgs
    $0
    Other
    $28,479
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,416
    Bonus
    $0
    Other
    $0
    Deferred
    $6,603
    Nontaxable benefits
    $21,876
    Filer's total
    $247,895

  • Christopher Copeland Do

    PHYSICIAN

    Total calculated
    $618,213
    From this org
    $569,530
    From related orgs
    $0
    Other
    $48,683
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $539,458
    Bonus
    $30,072
    Other
    $0
    Deferred
    $13,800
    Nontaxable benefits
    $34,883
    Filer's total
    $618,213

  • Kyle Christopherson MD

    PHYSICIAN

    Total calculated
    $576,675
    From this org
    $562,875
    From related orgs
    $0
    Other
    $13,800
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $546,956
    Bonus
    $15,919
    Other
    $0
    Deferred
    $13,800
    Nontaxable benefits
    $0
    Filer's total
    $576,675

  • Richard Ackerson MD

    PHYSICIAN

    Total calculated
    $577,072
    From this org
    $534,961
    From related orgs
    $0
    Other
    $42,111
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $516,011
    Bonus
    $18,950
    Other
    $0
    Deferred
    $13,800
    Nontaxable benefits
    $28,311
    Filer's total
    $577,072

  • Peter Scheffel MD

    PHYSICIAN

    Total calculated
    $497,547
    From this org
    $474,018
    From related orgs
    $0
    Other
    $23,529
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $431,318
    Bonus
    $42,700
    Other
    $0
    Deferred
    $5,190
    Nontaxable benefits
    $18,339
    Filer's total
    $497,547

  • David Saldivar MD

    PHYSICIAN

    Total calculated
    $393,495
    From this org
    $380,533
    From related orgs
    $0
    Other
    $12,962
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $366,653
    Bonus
    $13,880
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,962
    Filer's total
    $393,495

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • FAMILY HEALTH WEST FOUNDATION

    501(C)(3) · PROVIDING SUPPORT FOR THE LOWER VALLEY HOSPITAL ASSOCIATION. · CO · controlled entity

    Directly controlled by LOWER VALLEY HOSPITAL ASSOCIATION

Provenance

Return type
form_990
Tax year
2024
Filed
2 October 2025
IRS schema version
2024v5.2
Source object
202512769349300311

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