Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $334,899

• 1f · All other contributions, gifts and grants

  $1,167,744

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

  total $296,214,604 · related or exempt $296,214,604

• 2b · Program service revenue: CAPITATION PREMIUM REVENUE

  total $247,013,918 · related or exempt $247,013,918

• 2c · Program service revenue: OTHER OPERATING REVENUE

  total $6,488,994 · related or exempt $6,488,994

• 3 · Investment income

  total $7,783,641 · excluded $7,783,641

• 6a · Gross rents

  real property $3,542,234

• 6b · Less rental expenses

  real property $1,757,643

• 6c · Rental income or loss

  real property $1,784,591

• 6d · Net rental income or loss

  total $1,784,591 · excluded $1,784,591

• 7a · Gross sales of assets other than inventory

  securities $81,099,784

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

  securities $60,731,211

• 7c · Gain or loss

  securities $20,368,573

• 7d · Net gain or loss

  total $20,368,573 · excluded $20,368,573

• 8a · Fundraising events: gross income

  $52,851

• 8a · Fundraising events: contributions included on line 1c

  $334,899

• 8b · Fundraising events: direct expenses

  $71,801

• 8c · Net income from fundraising events

  total -$18,950 · excluded -$18,950

• 11a · Other revenue: PARKING REVENUE

  total $1,419,134 · excluded $1,419,134

• 11b · Other revenue: CAFETERIA REVENUE

  total $1,226,647 · excluded $1,226,647

• 11c · Other revenue: GIFT SHOP REVENUE

  total $46,464 · excluded $46,464

• 11e · Other revenue, total

  $2,692,245

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $965,942 · program services $965,942

• 5 · Compensation of officers, directors and key employees

  total $6,585,309 · program services $4,343,937 · management and general $2,241,372

• 7 · Other salaries and wages

  total $153,354,527 · program services $130,999,033 · management and general $22,355,494

• 8 · Pension plan contributions

  total $3,972,940 · program services $3,810,800 · management and general $162,140

• 9 · Other employee benefits

  total $30,599,367 · program services $28,202,164 · management and general $2,397,203

• 10 · Payroll taxes

  total $10,720,561 · program services $9,185,693 · management and general $1,534,868

• 11b · Fees: legal

  total $322,402 · management and general $322,402

• 11c · Fees: accounting

  total $424,020 · management and general $424,020

• 11f · Fees: investment management

  total $264,853 · management and general $264,853

• 11g · Fees: other

  total $225,261,871 · program services $207,306,326 · management and general $17,955,545

• 12 · Advertising and promotion

  total $60,367 · management and general $60,367

• 13 · Office expenses

  total $7,789,892 · program services $6,817,814 · management and general $972,078

• 14 · Information technology

  total $7,984,224 · management and general $7,984,224

• 16 · Occupancy

  total $6,387,583 · program services $202,995 · management and general $6,184,588

• 17 · Travel

  total $249,006 · program services -$8,407 · management and general $257,413

• 19 · Conferences, conventions and meetings

  total $34,415 · management and general $34,415

• 20 · Interest

  total $272,892 · management and general $272,892

• 22 · Depreciation, depletion and amortization

  total $12,813,608 · program services $12,813,608

• 23 · Insurance

  total $4,017,653 · program services $4,017,653

• 24a · Other expenses: PROVIDER FEES

  total $42,457,564 · program services $42,457,564

• 24b · Other expenses: MEDICAL SUPPLIES

  total $40,636,907 · program services $40,470,728 · management and general $166,179

• 24c · Other expenses: TAXES & LICENSES

  total $3,229,706 · program services $2,445,490 · management and general $784,216

• 24d · Other expenses: RECRUITMENT

  total $1,434,784 · management and general $1,434,784

• 24e · All other expenses

  total $3,564,579 · program services $1,366,464 · management and general $2,198,115

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $13,895,391 · end of year $4,583,575

• 2 · Savings and temporary cash investments

  beginning of year $6,575,409 · end of year $17,067,914

• 3 · Pledges and grants receivable

  beginning of year $904,380 · end of year $904,380

• 4 · Accounts receivable

  beginning of year $31,523,054 · end of year $27,420,746

• 8 · Inventories for sale or use

  beginning of year $7,055,978 · end of year $7,480,351

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,478,259 · end of year $3,756,700

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

  $419,434,836

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

  $275,472,387

• 10c · Land, buildings and equipment, net

  beginning of year $142,457,946 · end of year $143,962,449

• 11 · Investments: publicly traded securities

  beginning of year $279,297,911 · end of year $267,490,070

• 15 · Other assets

  beginning of year $115,950,386 · end of year $127,770,969

• 17 · Accounts payable and accrued expenses

  beginning of year $59,038,991 · end of year $58,034,797

• 25 · Other liabilities

  beginning of year $134,710,752 · end of year $100,762,381

• 27 · Net assets without donor restrictions

  beginning of year $404,976,685 · end of year $439,281,046

• 28 · Net assets with donor restrictions

  beginning of year $2,412,286 · end of year $2,358,930

The filer's explanations (Part III)

PART I, LINE 1B

DURING THE 2024 CALENDAR YEAR, LISA ALLEN (INTERIM VP OF HUMAN RESOURCES) RECEIVED A TAXABLE HOUSING ALLOWANCE.

PART I, LINES 4A-B

DURING THE 2024 CALENDAR YEAR, THE FOLLOWING INDIVIDUALS RECEIVED TAXABLE SEVERANCE PAYMENTS IN THE FOLLOWING AMOUNTS: TODD CONNELLY - $83,546 TANZANEKA BUCKOR - $60,000 THE ORGANIZATION MAINTAINS A 457(F) PLAN AVAILABLE TO CERTAIN EXECUTIVES OF THE ORGANIZATION. DURING THE 2024 CALENDAR YEAR, THE ORGANIZATION MADE THE FOLLOWING CONTRIBUTIONS TO THE PLAN FOR THE BENEFIT OF THE FOLLOWING INDIVIDUALS, WHICH IS REPORTED AS "RETIREMENT AND OTHER DEFERRED COMPENSATION" ON SCHEDULE J, PART II, COLUMN (C): GUSTAVO VALDESPINO - $206,304 LORI CARDLE - $151,618 HANNAH GROSSMAN, MD - $80,046 TAMALA CHOMA - $51,345 JEREMY REDIN - 39,626 TONY EVANS - $39,355 DIANA MILAN-FINLEY - $24,788 ADDITIONALLY, DUE TO VESTING OF THE 457(F) PLAN, GUSTAVO VALDESPINO RECOGNIZED $637,606 OF TAXABLE COMPENSATION, WHICH HAS BEEN REPORTED WITHIN "OTHER REPORTABLE COMPENSATION" IN SCHEDULE J, PART II, COLUMN (B)(III) AND "COMPENSATION REPORTED IN COLUMN (B) REPORTED AS DEFERRED COMPENSATION ON PRIOR FORM 990" IN SCHEDULE J, PART II, COLUMN (F).

PART I, LINE 7

VALLEY PRESBYTERIAN HOSPITAL HAS AN INCENTIVE (BONUS) PLAN AVAILABLE FOR EXECUTIVE TEAM MEMBERS AND HOSPITAL DEPARTMENT DIRECTORS. PAYMENT OF ANY BONUS IS CONTINGENT ON SEVERAL CRITERIA, INCLUDING: EARNINGS BEFORE INTEREST, DEPRECIATION, AND AMORTIZATION (EBIDA); QUALITY; EMPLOYEE ENGAGEMENT; AND PATIENT SATISFACTION SCORES, WHICH ARE BENCHMARKED BY ACHIEVING SPECIFIC MEASURES ON AN ANNUAL BASIS.

Related corporations and trusts

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

• CHARITABLE REMAINDER TRUSTS (4)

  CHARITABLE GIVING · CA · controlled entity

  Directly controlled by VPH