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← VVMC DIVERSIFIED SERVICES

Form 990 for tax year 2024

Filed by VVMC DIVERSIFIED SERVICES.

Totals

Total revenue
$8,024,706
Total expenses
$9,963,932
Contributions and grants received
$4,200,000
Grants paid
$0
Program service revenue
$3,821,356
Investment income
$0
Other revenue
$3,350
Total assets, end of year
$842,038
Total liabilities, end of year
$3,493,900
Net assets or fund balances, end of year
-$2,651,862
Program services expenses (Part IX)
$7,860,438
Management and general expenses
$2,103,494
Fundraising expenses
$0
Program service expenses (Part III)
$7,860,438

Program services were 78.9% 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

    $4,200,000

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

    total $2,578,842 · related or exempt $2,578,842

  • 2b · Program service revenue: MEDICARE/MEDICAID

    total $1,242,514 · related or exempt $1,242,514

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $3,350 · excluded $3,350

  • 11e · Other revenue, total

    $3,350

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $9,476,966 · program services $7,526,545 · management and general $1,950,421

  • 13 · Office expenses

    total $45,253 · program services $11,083 · management and general $34,170

  • 17 · Travel

    total $1,190 · program services $1,190

  • 19 · Conferences, conventions and meetings

    total $28,155 · program services $27,955 · management and general $200

  • 23 · Insurance

    total $115,919 · management and general $115,919

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $189,877 · program services $189,877

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $99,881 · program services $97,312 · management and general $2,569

  • 24c · Other expenses: LICENSE/CERTIFICATIONS/

    total $6,476 · program services $6,476

  • 24d · Other expenses: MISCELLANEOUS

    total $215 · management and general $215

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $317,103 · end of year $162,856

  • 4 · Accounts receivable

    beginning of year $483,075 · end of year $679,182

  • 17 · Accounts payable and accrued expenses

    beginning of year $157,988 · end of year $206,328

  • 25 · Other liabilities

    beginning of year $1,354,826 · end of year $3,287,572

  • 27 · Net assets without donor restrictions

    beginning of year -$712,636 · end of year -$2,651,862

Mission and programs · 2024

Mission

ELEVATING HEALTH ACROSS OUR MOUNTAIN COMMUNITIES.

  • SEE SCHEDULE O.

    Expenses $7,860,438 · Revenue $3,821,356

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

Listed in Part VII

  • Will Cook

    PRESIDENT AND CEO

    Total calculated
    $1,378,594
    From this org
    $0
    From related orgs
    $1,300,013
    Other
    $78,581
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $883,106 related
    Bonus
    $0 + $343,518 related
    Other
    $0 + $73,389 related
    Deferred
    $0 + $40,250 related
    Nontaxable benefits
    $0 + $38,331 related
    Filer's total
    $0 + $1,378,594 related

  • Thomas Gorrie

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael Brown

    TREASURER AND CFO

    Total calculated
    $512,742
    From this org
    $0
    From related orgs
    $473,158
    Other
    $39,584
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $373,980 related
    Bonus
    $0 + $93,754 related
    Other
    $0 + $5,424 related
    Deferred
    $0 + $16,875 related
    Nontaxable benefits
    $0 + $22,709 related
    Filer's total
    $0 + $512,742 related

  • Barry Hammaker MD

    PHYSICIAN

    Total calculated
    $618,101
    From this org
    $0
    From related orgs
    $572,993
    Other
    $45,108
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $477,882 related
    Bonus
    $0
    Other
    $0 + $95,111 related
    Deferred
    $0 + $12,103 related
    Nontaxable benefits
    $0 + $33,005 related
    Filer's total
    $0 + $618,101 related

  • Jerry Greenberg MD

    PHYSICIAN

    Total calculated
    $658,709
    From this org
    $0
    From related orgs
    $620,305
    Other
    $38,404
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $518,630 related
    Bonus
    $0 + $66 related
    Other
    $0 + $101,609 related
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $21,154 related
    Filer's total
    $0 + $658,709 related

  • Katherine Schuetze MD

    PHYSICIAN

    Total calculated
    $652,866
    From this org
    $0
    From related orgs
    $604,940
    Other
    $47,926
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $530,665 related
    Bonus
    $0
    Other
    $0 + $74,275 related
    Deferred
    $0 + $16,780 related
    Nontaxable benefits
    $0 + $31,146 related
    Filer's total
    $0 + $652,866 related

  • David Ford MD

    PHYSICIAN

    Total calculated
    $570,915
    From this org
    $0
    From related orgs
    $531,346
    Other
    $39,569
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $467,246 related
    Bonus
    $0 + $47,421 related
    Other
    $0 + $16,679 related
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $22,319 related
    Filer's total
    $0 + $570,915 related

  • Nelson Prager MD

    PHYSICIAN

    Total calculated
    $522,685
    From this org
    $0
    From related orgs
    $519,118
    Other
    $3,567
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $436,205 related
    Bonus
    $0
    Other
    $0 + $82,913 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $3,567 related
    Filer's total
    $0 + $522,685 related

  • John Higgins

    FORMER TREASURER AND CFO

    Total calculated
    $575,154
    From this org
    $0
    From related orgs
    $567,326
    Other
    $7,828
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $47,723 related
    Bonus
    $0 + $110,249 related
    Other
    $0 + $409,354 related
    Deferred
    $0 + $2,448 related
    Nontaxable benefits
    $0 + $5,380 related
    Filer's total
    $0 + $575,154 related

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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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)

PART I, LINE 3
SCHEDULE J, PART I, LINE 3 EXECUTIVE COMPENSATION COMPENSATION IS PAID THROUGH A RELATED ENTITY, VAIL CLINIC, INC., DBA VAIL HEALTH HOSPITAL. PLEASE SEE SCHEDULE O, PART VI, LINE 15A NARRATIVE FOR COMPENSATION DETERMINATION FOR EXECUTIVES.
PART I, LINES 4A-B
SEVERANCE: JOHN HIGGINS RECEIVED $391,717 DURING THE TAX YEAR. 457(F) PLAN: WILL COOK PARTICIPATED IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) DURING THE YEAR. THE 457(F)/457(B) AMOUNT WAS $90,000. HE IS FULLY VESTED IN THE PLAN.
PART I, LINE 7
NON FIXED AND BONUS PAYMENTS: EXECUTIVE COMPENSATION IS PAID AND DETERMINED BY A RELATED PARTY, VAIL CLINIC, INC., DBA VAIL HEALTH HOSPITAL. INCENTIVE BONUSES ARE CALCULATED AS A PERCENT OF BASE COMPENSATION. THE DETERMINATION OF WHETHER OR NOT A PAYOUT IS MADE IS BASED ON COMPANY FINANCIAL PERFORMANCE AND ON INDIVIDUAL PERFORMANCE REVIEWS CONDUCTED BY THE CEO AND THE COMPENSATION COMMITTEE. CERTAIN PHYSICIAN PRODUCTIVITY BONUSES ARE PAID BASED ON RELATIVE VALUE UNITS (RVUS) WHICH ARE AN INDICATION OF THE EMPLOYEE'S PRODUCTIVITY OR LEVEL OF EFFORT. OTHER PHYSICIAN BONUSES ARE BASED ON SATISFACTION OF CRITERIA DEFINED IN EMPLOYMENT AGREEMENTS.

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.

Related partnerships

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

  • VAIL VALLEY SURGERY CENTER LLC

    HEALTH CARE · CO

  • EAGLE RIVER REAL ESTATE HOLDINGS

    RENTAL · CO

  • CMM HOLDINGS LLC

    INVESTMENT · CO

Related corporations and trusts

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

  • VHS MANAGEMENT SERVICES INC

    C · HEALTH CARE · CO

Provenance

Return type
form_990
Tax year
2024
Filed
24 September 2026
IRS schema version
2024v5.5
Source object
202622679349300722

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