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Nonprofiteer
← BLANCHARD VALLEY REGIONAL HEALTH CENTER

Form 990 for tax year 2023

Filed by BLANCHARD VALLEY REGIONAL HEALTH CENTER.

Totals

Total revenue
$413,592,141
Total expenses
$314,615,141
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$386,234,893
Investment income
$20,169,429
Other revenue
$7,187,819
Total assets, end of year
$664,695,083
Total liabilities, end of year
$94,472,000
Net assets or fund balances, end of year
$570,223,083
Program services expenses (Part IX)
$283,307,970
Management and general expenses
$31,307,171
Fundraising expenses
$0
Program service expenses (Part III)
$283,307,970

Program services were 90.0% 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.

  • 2a · Program service revenue: PATIENT SERVICE

    total $374,744,218 · related or exempt $371,004,872 · unrelated business $3,739,346

  • 2b · Program service revenue: OUTPATIENT PHARMACY

    total $7,941,782 · related or exempt $3,739,346 · unrelated business $4,202,436

  • 2c · Program service revenue: INVESTMENT IN TECHNICORE

    total $3,548,893 · related or exempt $3,542,818 · unrelated business $6,075

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $21,458,507 · excluded $21,458,507

  • 6a · Gross rents

    real property $33,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $33,000 · personal property $0

  • 6d · Net rental income or loss

    total $33,000 · excluded $33,000

  • 7a · Gross sales of assets other than inventory

    securities $35,759,114

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

    securities $37,048,192

  • 7c · Gain or loss

    securities -$1,289,078 · other assets $0

  • 7d · Net gain or loss

    total -$1,289,078 · excluded -$1,289,078

  • 11a · Other revenue: MISCELLANEOUS

    total $7,154,819 · unrelated business $94,176 · excluded $7,060,643

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $7,154,819

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $3,355,734 · program services $2,852,374 · management and general $503,360

  • 7 · Other salaries and wages

    total $112,456,795 · program services $95,588,276 · management and general $16,868,519

  • 8 · Pension plan contributions

    total $2,719,921 · program services $2,311,933 · management and general $407,988

  • 9 · Other employee benefits

    total $24,592,504 · program services $20,903,628 · management and general $3,688,876

  • 11c · Fees: accounting

    total $2,196,418 · program services $1,866,955 · management and general $329,463

  • 11g · Fees: other

    total $9,347,472 · program services $7,945,351 · management and general $1,402,121 · fundraising $0

  • 12 · Advertising and promotion

    total $757,146 · program services $643,574 · management and general $113,572

  • 13 · Office expenses

    total $12,381,947 · program services $10,524,655 · management and general $1,857,292

  • 14 · Information technology

    total $9,767,981 · program services $8,302,784 · management and general $1,465,197

  • 16 · Occupancy

    total $1,981,934 · program services $1,684,644 · management and general $297,290

  • 17 · Travel

    total $583,167 · program services $495,692 · management and general $87,475

  • 20 · Interest

    total $3,488,084 · program services $2,964,871 · management and general $523,213

  • 22 · Depreciation, depletion and amortization

    total $11,769,847 · program services $10,004,370 · management and general $1,765,477

  • 23 · Insurance

    total $44,007 · program services $37,406 · management and general $6,601

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $91,363,805 · program services $91,363,805

  • 24b · Other expenses: PROVISION FOR BAD DEBTS

    total $14,536,864 · program services $14,536,864

  • 24c · Other expenses: OTHER

    total $8,617,021 · program services $7,324,468 · management and general $1,292,553

  • 24d · Other expenses: MEDICAL & PROFESSIONAL FEES

    total $3,741,320 · program services $3,180,122 · management and general $561,198

  • 24e · All other expenses

    total $913,174 · program services $776,198 · management and general $136,976 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,192,354 · end of year $2,094,349

  • 3 · Pledges and grants receivable

    beginning of year $8,000 · end of year $7,000

  • 4 · Accounts receivable

    beginning of year $48,604,000 · end of year $57,678,000

  • 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

  • 8 · Inventories for sale or use

    beginning of year $9,872,000 · end of year $9,077,000

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

    $300,522,000

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

    $200,550,000

  • 10c · Land, buildings and equipment, net

    beginning of year $95,782,000 · end of year $99,972,000

  • 11 · Investments: publicly traded securities

    beginning of year $389,988,729 · end of year $418,810,734

  • 12 · Investments: other securities

    beginning of year $688,000 · end of year $682,000

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $73,652,000 · end of year $76,374,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,676,000 · end of year $4,150,000

  • 20 · Tax-exempt bond liabilities

    beginning of year $86,298,000 · end of year $79,772,000

  • 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 $291,000 · end of year $293,000

  • 25 · Other liabilities

    beginning of year $14,455,000 · end of year $10,257,000

  • 27 · Net assets without donor restrictions

    beginning of year $499,054,083 · end of year $552,473,083

  • 28 · Net assets with donor restrictions

    beginning of year $17,013,000 · end of year $17,750,000

Mission and programs · 2023

Mission

OUR MISSION: OUR EXTRAORDINARY PEOPLE PROVIDE CARING FOR A LIFETIME THROUGH A BROAD CONTINUUM OF EXCEPTIONAL HEALTH-RELATED SERVICES IN NORTHWEST OHIO.

Activities or mission (Part I)

BLANCHARD VALLEY REGIONAL HEALTH CENTER OPERATES TWO HOSPITALS OFFERING INPATIENT, EMERGENCY, MATERNITY, AND OUTPATIENT SERVICES.

  • See Schedule O

    Expenses $32,185,969 · Revenue $39,545,818

  • NEUROSCIENCES SERVICES: NEUROSCIENCES SERVICES AT BLANCHARD VALLEY REGIONAL HEALTH CENTER (BVRHC) INCLUDE: SPINAL SURGERY, CRANIAL SURGERY, PERIPHERAL NERVE SURGERY, PAIN MANAGEMENT SURGERY, AND MANY OTHER PROCEDURES. ALSO, BVRHC PROVIDES SERVICES THAT DIAGNOSE, TREAT, AND MANAGE DISORDERS OF THE BRAIN AND NERVOUS SYSTEM. WE WORK DIRECTLY WITH OUR PATIENTS TO CREATE A HEALTH CARE PLAN TO FIT THEIR NEEDS. OUR CONTINUING GOAL IS TO PROVIDE SUPERIOR OUTCOMES BY UTILIZING THE LATEST SURGICAL TECHNIQUES AND EVIDENCE-BASED MEDICINE GUIDELINES TO ACHIEVE CLINICAL EXCELLENCE.

    Expenses $21,485,432 · Revenue $26,398,429

  • ORTHOPEDIC SERVICES: ORTHOPEDIC SERVICES AT BLANCHARD VALLEY REGIONAL HEALTH CENTER INCLUDE: HIP FRACTURE REPAIR AND REPLACEMENT, KNEE SURGERY, TOTAL KNEE REPLACEMENT, JOINT REPLACEMENT, AND MANY OTHER PROCEDURES. JOINT REPLACEMENTS ARE PERFORMED WITH SOME OF THE MOST ADVANCED TECHNOLOGY IN THE U.S., INCLUDING MINIMALLY INVASIVE AND GENDER-SPECIFIC PROCEDURES. THE ORTHOPEDIC PROGRAM WAS DEVELOPED THROUGH THE COLLABORATION OF BLANCHARD VALLEY REGIONAL HEALTH CENTER'S SPECIALTY ORTHOPEDIC SURGEONS AND HOSPITAL ASSOCIATES. THE SURGEONS AND OTHER HOSPITAL ASSOCIATES WORK DIRECTLY WITH PATIENTS TO CREATE A HEALTH CARE PLAN TO FIT THEIR NEEDS.

    Expenses $16,820,379 · Revenue $20,666,634

  • OTHER SERVICES PROVIDED AT BVRHC INCLUDE WOMAN'S SERVICES (GYNECOLOGY, OBSTETRICS BREAST HEALTH PEDIATRIC HOSPITALISTS, LEVEL 2 SPECIAL CARE NURSERY), ONCOLOGY SERVICES, UROLOGY/NEPHROLOGY SERVICES, SLEEP DISORDER MANAGEMENT, PAIN MANAGEMENT, WOULD CARE, AND DIALYSIS.

    Expenses $212,816,190 · Revenue $291,676,155

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Frank Cosiano MD

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Ginger Jones

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • James Dowling MD

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Jeff Schrader

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Myron Lewis

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $788,710
    From this org
    $0
    From related orgs
    $760,659
    Other
    $28,051
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $703,010 related
    Bonus
    $0
    Other
    $0 + $57,649 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $14,851 related
    Filer's total
    $0 + $788,710 related

  • Adele Webb PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Annette Edgington

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Beth Kroetz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Dan Kennard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Donald Malarky

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Dr Richard Polder

    TRUSTEE

    Total calculated
    $402,275
    From this org
    $0
    From related orgs
    $375,991
    Other
    $26,284
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $297,210 related
    Bonus
    $0 + $32,601 related
    Other
    $0 + $46,180 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $13,084 related
    Filer's total
    $0 + $402,275 related

  • John Reineke

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Kimberly Stumpp

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Michael Brough

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Richard States Dhsc

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • William Hopkins MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Barbara J Pasztor

    VP CHIEF NURSING OFFICER

    Total calculated
    $307,237
    From this org
    $0
    From related orgs
    $283,080
    Other
    $24,157
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $250,525 related
    Bonus
    $0
    Other
    $0 + $32,555 related
    Deferred
    $0 + $17,130 related
    Nontaxable benefits
    $0 + $7,027 related
    Filer's total
    $0 + $307,237 related

  • Dave Cytlak

    CHIEF FINANCIAL OFFICER

    Total calculated
    $514,578
    From this org
    $0
    From related orgs
    $486,032
    Other
    $28,546
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $442,673 related
    Bonus
    $0
    Other
    $0 + $43,359 related
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $8,746 related
    Filer's total
    $0 + $514,578 related

  • Dr Ankit Modh

    PHYSICIAN

    Total calculated
    $647,565
    From this org
    $631,859
    From related orgs
    $0
    Other
    $15,706
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $576,493
    Bonus
    $30,072
    Other
    $25,294
    Deferred
    $7,780
    Nontaxable benefits
    $7,926
    Filer's total
    $647,565

  • Dr Derek Thomas

    PHYSICIAN

    Total calculated
    $752,782
    From this org
    $728,622
    From related orgs
    $0
    Other
    $24,160
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $491,170
    Bonus
    $223,175
    Other
    $14,277
    Deferred
    $13,200
    Nontaxable benefits
    $10,960
    Filer's total
    $752,782

  • Dr Ike Onwere

    PHYSICIAN

    Total calculated
    $681,559
    From this org
    $658,633
    From related orgs
    $0
    Other
    $22,926
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $480,440
    Bonus
    $124,846
    Other
    $53,347
    Deferred
    $10,916
    Nontaxable benefits
    $12,010
    Filer's total
    $681,559

  • Dr Omar Al Asad

    PHYSICIAN

    Total calculated
    $565,219
    From this org
    $551,547
    From related orgs
    $0
    Other
    $13,672
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $488,924
    Bonus
    $50,000
    Other
    $12,623
    Deferred
    $3,138
    Nontaxable benefits
    $10,534
    Filer's total
    $565,219

  • Dr Sharon Cole

    PHYSICIAN

    Total calculated
    $789,526
    From this org
    $785,074
    From related orgs
    $0
    Other
    $4,452
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $753,248
    Bonus
    $0
    Other
    $31,826
    Deferred
    $0
    Nontaxable benefits
    $4,452
    Filer's total
    $789,526

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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
IN 2023, BLANCHARD VALLEY HEALTH SYSTEM CALCULATED SERP PAYMENTS TO BE CONTRIBUTED IN 2024. $114,858 WILL BE CONTRIBUTED ON BEHALF OF MYRON LEWIS TO A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) IN 2024. SERP CONTRIBUTIONS IN THE AMOUNT OF $96,553 WERE MADE FOR THE BENEFIT OF MYRON LEWIS IN 2023. THE SERP IS AN UNFUNDED, NONQUALIFIED DEFERRED COMPENSATION ARRANGEMENT CONSISTING OF TWO PLANS: AN ELIGIBLE PLAN SUBJECT TO INTERNAL REVENUE CODE SECTION 457(B) AND AN INELIGIBLE PLAN SUBJECT TO SECTION 457(F). THE 457(B) PLAN WAS ORIGINALLY IMPLEMENTED EFFECTIVE JANUARY 1, 2002. THE 457(F) PLAN WAS ORIGINALLY EFFECTIVE SEPTEMBER 1, 2000 AND WAS RESTATED ON JANUARY 1, 2002 FOR COORDINATION WITH THE 457(B) PLAN. IN 2010 AND 2011, THE 457(F) PLAN WAS FURTHER AMENDED AND RESTATED TO COMPLY WITH THE LATEST REGULATORY GUIDANCE AND PROVIDE FOR A NEW CONTRIBUTION MODEL AND VESTING SCHEDULE. ADDITIONAL EXECUTIVES WERE ALSO ADDED AND DEEMED ELIGIBLE FOR PLAN BENEFITS IN 2010, INCLUDING DAVID CYTLAK. IN 2023, BLANCHARD VALLEY HEALTH SYSTEM CACLULATED SERP PAYMENTS TO BE CONTRIBUTED IN 2024. $31,599 WILL BE CONTRIBUTED ON BEHALF OF DAVID CYTLAK TO THE SERP IN 2024. SERP CONTRIBUTIONS IN THE AMOUNT OF $27,474 WERE MADE FOR THE BENEFIT OF DAVID CYTLAK IN 2023. KEY FEATURES OF THE SERP, AS AMENDED AND RESTATED IN 2010/2011, INCLUDE THE FOLLOWING: * ELIGIBILITY IS LIMITED TO CERTAIN MANAGEMENT OR HIGHLY-COMPENSATED EMPLOYEES OF BVHS (I.E., TOP HAT REFERENCE). FUTURE PARTICIPATION IS UPON NOMINATION BY THE CEO AND APPROVAL BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD. **EMPLOYEE CONTRIBUTIONS TO THE SERP ACCOUNT ARE NOT ALLOWED. *EACH PARTICIPANT'S 457(B) ACCOUNT WILL BE CREDITED UP TO THE STATUTORY LIMIT ($20,500 IN 2022), WITH THE REMAINING AMOUNT BEING DEPOSITED INTO THE 457(F) ACCOUNT. *EMPLOYER CONTRIBUTIONS TO THE 457(F) PLAN ARE SUBJECT TO A CLASS YEAR VESTING SCHEDULE, WITH A WAITING PERIOD SET AT 0-5 YEARS, DEPENDING ON THE AGE OF THE PARTICIPANT AT THE TIME OF CONTRIBUTION. UPON VESTING, THE FULL VESTED BALANCE WILL BE DISTRIBUTED TO THE PARTICIPANT AND CONSIDERED TAXABLE INCOME. IN ADDITION TO THE VESTING SCHEDULE ABOVE, 100% AND IMMEDIATE VESTING OF THE BENEFIT ACCRUED UPON ATTAINMENT OF NORMAL RETIREMENT AGE, DEATH, DISABILITY, INVOLUNTARY TERMINATION WITHOUT CAUSE, PLAN TERMINATION, OR CHANGE OF CONTROL. *DISTRIBUTION OF THE VESTED PORTION OF THE 457(F) BENEFIT IS PAID AS A LUMP SUM AS SOON AS ADMINISTRATIVELY FEASIBLE.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CRNA OF BLANCHARD VALLEY LLC

    CERT NURSE · OH

    Directly controlled by BVRHC

  • BLANCHARD VALLEY MEDICAL PRACTICES LLC

    PHYS OFFICES · OH

    Directly controlled by BVHS

  • BLANCHARD VALLEY HOME CARE SERVICES

    HOME HEALTH · OH

    Directly controlled by BVCCS

  • NEUROSURGICAL ASSOCIATES OF NW OHIO

    PHYS OFFICES · OH

    Directly controlled by BVMP

  • SPECIALTY PHYSICIANS OF BLANCHARD VALLEY

    PHYS OFFICES · OH

    Directly controlled by BVMP

  • BLANCHARD VALLEY REGIONAL CANCER CENTER

    CANCER CARE · OH

    Directly controlled by BVMP

  • HANCO EMERGENCY MEDICAL SERVICES LLC

    AMBULANCE · OH

    Directly controlled by BVHS

  • BIRCHAVEN ESTATES AT EASTERN WOODS LTD

    CONDOMINIUMS · OH

    Directly controlled by BVCCS

  • BEYOND MEDSPA LLC

    COSMETIC SPA · OH

    Directly controlled by BVHS

  • FINDLAY SURGERY CENTER LTD

    SURGERY CENT · OH

    Directly controlled by BVRHC

Related partnerships

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

  • BLANCHARD VALLEY PAIN MANAGEMENT

    Related · PAIN MGMT · OH · 51% owned · share of income $4,685,493 · share of assets $0

    Directly controlled by BVRHC

  • TECHNICORE CLINICAL ENGINEERING

    Related · BIO-MED SUPPORT · OH · 67% owned · share of income $79,611 · share of assets $407,951

    Directly controlled by BVRHC

  • NORTHWEST OHIO MEDICAL EQUIPMENT

    N/A · MEDICAL EQUIP · OH

    Directly controlled by BVCCS

Related corporations and trusts

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

  • CITAS INC

    C Corporation · RECRUITING · OH

    Directly controlled by BVHS

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202403139349300835

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