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Nonprofiteer
← VALLEY VIEW HOSPITAL ASSOCIATION

Form 990 for tax year 2022

Filed by VALLEY VIEW HOSPITAL ASSOCIATION.

Totals

Total revenue
$299,143,262
Total expenses
$289,294,151
Contributions and grants received
$1,777,517
Grants paid
$115,000
Program service revenue
$297,312,684
Investment income
-$1,420,494
Other revenue
$1,473,555
Total assets, end of year
$566,260,619
Total liabilities, end of year
$174,869,264
Net assets or fund balances, end of year
$391,391,355
Program services expenses (Part IX)
$243,531,596
Management and general expenses
$45,762,555
Fundraising expenses
$0
Program service expenses (Part III)
$243,531,596

Program services were 84.2% 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.

  • 1d · Related organizations

    $1,201,552

  • 1e · Government grants (contributions)

    $224,675

  • 1f · All other contributions, gifts and grants

    $351,290

  • 2a · Program service revenue: Patient Service Revenue

    total $294,832,504 · related or exempt $294,832,504

  • 2b · Program service revenue: INCENTIVE PAYMENTS

    total $1,682,897 · related or exempt $1,682,897

  • 2c · Program service revenue: PLASTIC SURGERY CENTER

    total $587,748 · related or exempt $587,748

  • 2d · Program service revenue: MISCELLANEOUS PROGRAM INCOME

    total $199,840 · related or exempt $199,840

  • 2e · Program service revenue: MEDICAL/PHARMACY

    total $9,695 · related or exempt $9,695

  • 3 · Investment income

    total $6,559,408 · excluded $6,559,408

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $700,925

  • 6b · Less rental expenses

    real property $1,008,311

  • 6c · Rental income or loss

    real property -$307,386 · personal property $0

  • 6d · Net rental income or loss

    total -$307,386 · excluded -$307,386

  • 7a · Gross sales of assets other than inventory

    securities $67,020,531 · other assets $321,987

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

    securities $75,042,745 · other assets $279,675

  • 7c · Gain or loss

    securities -$8,022,214 · other assets $42,312

  • 7d · Net gain or loss

    total -$7,979,902 · excluded -$7,979,902

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $4,693,996

  • 10b · Cost of goods sold

    $3,818,373

  • 10c · Net income from sales of inventory

    total $875,623 · unrelated business $213,613 · excluded $662,010

  • 11a · Other revenue: Cafeteria

    total $1,335,424 · excluded $1,335,424

  • 11b · Other revenue: LOSS ON BOND REFUNDING

    total -$430,106 · excluded -$430,106

  • 11e · Other revenue, total

    $905,318

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $115,000 · program services $115,000

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $3,917,579 · program services $1,366,848 · management and general $2,550,731

  • 6 · Compensation of disqualified persons

    total $267,471 · management and general $267,471

  • 7 · Other salaries and wages

    total $106,210,674 · program services $88,873,904 · management and general $17,336,770

  • 8 · Pension plan contributions

    total $2,628,858 · program services $2,145,455 · management and general $483,403

  • 9 · Other employee benefits

    total $26,242,944 · program services $21,434,731 · management and general $4,808,213

  • 10 · Payroll taxes

    total $6,853,802 · program services $5,601,494 · management and general $1,252,308

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $808,144 · management and general $808,144

  • 11c · Fees: accounting

    total $239,478 · management and general $239,478

  • 11d · Fees: lobbying

    total $7,588 · management and general $7,588

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $40,403,981 · program services $33,056,358 · management and general $7,347,623

  • 12 · Advertising and promotion

    total $1,135,989 · program services $64,537 · management and general $1,071,452

  • 13 · Office expenses

    total $1,622,823 · program services $1,063,980 · management and general $558,843

  • 14 · Information technology

    total $5,399,256 · program services $5,399,256

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $4,462,169 · program services $3,323,492 · management and general $1,138,677

  • 17 · Travel

    total $94,175 · program services $88,003 · management and general $6,172

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $443,979 · program services $366,877 · management and general $77,102

  • 20 · Interest

    total $5,546,706 · program services $4,107,342 · management and general $1,439,364

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $17,839,558 · program services $13,311,519 · management and general $4,528,039

  • 23 · Insurance

    total $1,216,788 · program services $797,574 · management and general $419,214

  • 24a · Other expenses: Medical Supplies

    total $48,220,534 · program services $47,879,962 · management and general $340,572

  • 24b · Other expenses: Medicaid Provider Fee

    total $8,718,336 · program services $8,718,336

  • 24c · Other expenses: Repairs & Maintenance

    total $6,033,630 · program services $5,413,471 · management and general $620,159

  • 24d · Other expenses: BOOKS, DUES, LICENSES

    total $692,917 · program services $403,457 · management and general $289,460

  • 24e · All other expenses

    total $171,772 · management and general $171,772

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $2,172,617

  • 2 · Savings and temporary cash investments

    beginning of year $10,830,647 · end of year $11,376,281

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $40,298,223 · end of year $44,095,963

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $7,709,510 · end of year $9,356,536

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,079,450 · end of year $4,860,461

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

    $440,856,203

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

    $230,470,302

  • 10c · Land, buildings and equipment, net

    beginning of year $208,064,145 · end of year $210,385,901

  • 11 · Investments: publicly traded securities

    beginning of year $301,978,791 · end of year $267,729,817

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $6,024,931 · end of year $5,887,827

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $8,845,168 · end of year $10,395,216

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,626,954 · end of year $32,451,798

  • 18 · Grants payable

    beginning of year $0 · end of year $2,987,596

  • 19 · Deferred revenue

    beginning of year $233,523 · end of year $151,735

  • 20 · Tax-exempt bond liabilities

    beginning of year $134,954,394 · end of year $131,786,892

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $569,697 · end of year $2,823,930

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $5,368,663 · end of year $4,667,313

  • 27 · Net assets without donor restrictions

    beginning of year $408,094,212 · end of year $384,187,568

  • 28 · Net assets with donor restrictions

    beginning of year $7,983,422 · end of year $7,203,787

Mission and programs · 2022

Mission

CARING FOR YOU AND YOUR FAMILY, ONE PATIENT AT A TIME.

  • VALLEY VIEW HOSPITAL IS AN ACUTE CARE HOSPITAL OWNED BY VALLEY VIEW HOSPITAL ASSOCIATION, INC., A NOT-FOR-PROFIT CORPORATION. THE HOSPITAL PRIMARILY EARNS REVENUE BY PROVIDING INPATIENT, OUTPATIENT, AND EMERGENCY CARE SERVICES TO PATIENTS IN GLENWOOD SPRINGS, COLORADO. VALLEY VIEW HOSPITAL ALSO OWNS AND OPERATES CARE CENTERS IN THE NEARBY COMMUNITIES OF EAGLE, BASALT, AND SILT, COLORADO AND PROVIDES SERVICES AT VARIOUS OTHER HEALTHCARE FACILITIES ON THE COLORADO WESTERN SLOPE. SEE SCHEDULE O FOR MORE INFORMATION.

    Expenses $243,531,596 · Grants $115,000 · Revenue $297,312,684

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • WADE CEOLA MD

    NEUROSURGEON

    Total calculated
    $2,152,426
    From this org
    $2,076,233
    From related orgs
    $0
    Other
    $76,193
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,004,822
    Bonus
    $1,044,580
    Other
    $26,831
    Deferred
    $16,775
    Nontaxable benefits
    $59,418
    Filer's total
    $2,152,426

  • STEPHEN JONES MD

    THORACIC CARDIAC SURGEON

    Total calculated
    $1,378,505
    From this org
    $1,342,317
    From related orgs
    $0
    Other
    $36,188
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,183,468
    Bonus
    $100,000
    Other
    $58,849
    Deferred
    $16,775
    Nontaxable benefits
    $19,413
    Filer's total
    $1,378,505

  • FERDINAND LIOTTA MD

    TRUSTEE, BOARD MEMBER, ORTHOPA

    Total calculated
    $1,366,848
    From this org
    $1,277,980
    From related orgs
    $0
    Other
    $88,868
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $758,678
    Bonus
    $482,616
    Other
    $36,686
    Deferred
    $16,775
    Nontaxable benefits
    $72,093
    Filer's total
    $1,366,848

  • BRIAN MURPHY MD

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $1,188,939
    From this org
    $1,036,751
    From related orgs
    $0
    Other
    $152,188
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $776,019
    Bonus
    $247,046
    Other
    $13,686
    Deferred
    $93,385
    Nontaxable benefits
    $58,803
    Filer's total
    $1,188,939

  • CHRISTOPHER GEORGE MD

    ORTHOPAEDIC SURGEON

    Total calculated
    $1,103,084
    From this org
    $1,027,650
    From related orgs
    $0
    Other
    $75,434
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $697,211
    Bonus
    $307,483
    Other
    $22,956
    Deferred
    $16,775
    Nontaxable benefits
    $58,659
    Filer's total
    $1,103,084

  • Michael Potter MD

    ORTHOPAEDIC SURGEON

    Total calculated
    $963,810
    From this org
    $886,082
    From related orgs
    $0
    Other
    $77,728
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $695,000
    Bonus
    $168,392
    Other
    $22,690
    Deferred
    $16,775
    Nontaxable benefits
    $60,953
    Filer's total
    $963,810

  • TOMAS PENVY MD

    ORTHOPAEDIC SURGEON

    Total calculated
    $962,695
    From this org
    $870,977
    From related orgs
    $0
    Other
    $91,718
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $711,978
    Bonus
    $128,216
    Other
    $30,783
    Deferred
    $16,775
    Nontaxable benefits
    $74,943
    Filer's total
    $962,695

  • CHARLES CREVLING

    CHIEF FINANCIAL OFFICER

    Total calculated
    $699,189
    From this org
    $598,566
    From related orgs
    $0
    Other
    $100,623
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $464,305
    Bonus
    $113,351
    Other
    $20,910
    Deferred
    $66,775
    Nontaxable benefits
    $33,848
    Filer's total
    $699,189

  • DANIEL BIGGS

    CHIEF OPERATING OFFICER

    Total calculated
    $662,603
    From this org
    $528,849
    From related orgs
    $0
    Other
    $133,754
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $421,455
    Bonus
    $103,509
    Other
    $3,885
    Deferred
    $59,150
    Nontaxable benefits
    $74,604
    Filer's total
    $662,603

  • GARY BREWER

    FORMER CHIEF EXECUTIVE OFFICER

    Total calculated
    $267,471
    From this org
    $267,471
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $267,471
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $267,471

  • NETTIE AVERY

    CHAIR, BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KEN MURPHY

    SECRETARY, BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WILL DOUGLAS

    TREASURER, BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NICOLE MCDERMOTT MD

    TRUSTEE, BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MIKE FATTOR - THROUGH 32022

    TRUSTEE, BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PATTI MIELY - BEGIN 32022

    TRUSTEE, BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROB MACAULAY MD - THRU 72022

    TRUSTEE, BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRIAN LEASURE

    TRUSTEE, BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

  • 1a · Tax indemnification and gross-up payments
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 1b · Written policy on the line-1a expenses
  • 4a · Severance or change-of-control payment
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A
CHRISTMAS GIFTS OF $100-$250 WERE GIVEN TO OFFICERS AND KEY EMPLOYEES AND GROSSED UP FOR TAXES.
SCHEDULE J, PART I, LINE 1B
THE CHRISTMAS GIFTS ARE DISCRETIONARY AND IMMATERIAL; THEREFORE, NO WRITTEN POLICY HAS BEEN IMPLEMENTED.
SCHEDULE J, PART I, LINE 4B
BRIAN MURPHY, CHARLES CREVLING, and daniel biggs PARTICIPATE IN A SERP PLAN AND EMPLOYER CONTRIBUTIONS DURING CALENDAR YEAR 2022 WERE $77,500, $50,000 and $50,000 RESPECTIVELY.
SCHEDULE J, PART I, LINE 7
THE CEO, CFO, AND ALL HIGHEST COMPENSATED EMPLOYEES RECEIVED A BONUS DURING CALENDAR YEAR 2022. THE BONUS WAS DETERMINED BY THE BOARD COMPENSATION COMMITTEE. THE BONUS IS BASED ON MULTIPLE FACTORS INCLUDING, BUT NOT LIMITED TO: SALARY, PRODUCTIVITY, COLLECTIONS, PATIENT SATISFACTION, AND QUALITY AND FINANCIAL GOALS.

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
19 September 2023
IRS schema version
2022v5.0
Source object
202312699349302001

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