Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MANAGEMENT FEE

  total $6,108,543 · related or exempt $6,108,543

• 2b · Program service revenue: PATIENT REVENUE

  total $5,695,417 · related or exempt $5,695,417

• 2c · Program service revenue: MEDICAL SVCS. TO TVH

  total $765,693 · related or exempt $765,693

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $3,347,152 · program services $3,347,152

• 7 · Other salaries and wages

  total $6,322,469 · program services $6,321,469 · management and general $1,000

• 8 · Pension plan contributions

  total $101,928 · program services $101,928

• 9 · Other employee benefits

  total $128,856 · program services $128,856

• 10 · Payroll taxes

  total $259,754 · program services $259,702 · management and general $52

• 11g · Fees: other

  total $1,237,214 · program services $1,237,214

• 13 · Office expenses

  total $102,576 · program services $51,800 · management and general $50,776

• 14 · Information technology

  total $59,739 · program services $59,739

• 16 · Occupancy

  total $583,785 · program services $583,785

• 17 · Travel

  total $4,192 · program services $4,192

• 22 · Depreciation, depletion and amortization

  total $100,365 · program services $100,365

• 23 · Insurance

  total $61,893 · program services $61,893

• 24a · Other expenses: CLINICAL SUPPLIES

  total $213,930 · program services $213,930

• 24b · Other expenses: CONTINUING EDUCATION

  total $34,352 · program services $34,352

• 24c · Other expenses: MISCELLANEOUS EXPENSES

  total $7,806 · program services $7,806

• 24d · Other expenses: BAD DEBT EXPENSE

  total $3,641 · program services $3,641

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $352,371 · end of year $329,978

• 4 · Accounts receivable

  beginning of year $1,129,189 · end of year $1,339,634

• 9 · Prepaid expenses and deferred charges

  beginning of year $30,881 · end of year $43,572

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

  $1,512,570

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

  $1,357,367

• 10c · Land, buildings and equipment, net

  beginning of year $252,047 · end of year $155,203

• 15 · Other assets

  beginning of year $462,429 · end of year $501,630

• 17 · Accounts payable and accrued expenses

  beginning of year $768,738 · end of year $877,118

• 25 · Other liabilities

  beginning of year $798,050 · end of year $832,769

• 27 · Net assets without donor restrictions

  beginning of year $660,129 · end of year $660,130

The filer's explanations (Part III)

PART I, LINE 3

VALLEY HEALTH SYSTEM HAS DEVELOPED A COMPENSATION PLAN, WHICH GOVERNS THE COMPENSATION FOR ALL EXECUTIVES, INCLUDING THE CEO AND VICE PRESIDENTS OF THE ORGANIZATION. THE PLAN WAS DEVELOPED IN CONJUNCTION WITH A CONSULTING FIRM, REVIEWED BY THE PHYSICIAN LEADERSHIP COUNCIL AND APPROVED BY THE BOARD OF TRUSTEES AND THE VALLEY HEALTH SYSTEM PHYSICIAN COMPENSATION COMMITTEE. ON AN ANNUAL BASIS, THE PLAN IS REVIEWED AND UPDATED AS NEEDED.

PART I, LINE 4B

AUDREY MEYERS AND WILLIAM KLUTKOWSKI PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED DEFERRED COMPENSATION PLAN. AUDREY MEYERS RECEIVED A PAYMENT IN THE AMOUNT OF $1,583,249 FROM THIS PLAN AS REPORTED IN PART II, COLUMN BIII AND COLUMN F. AUDREY MEYERS PARTICIPATED IN A CAP-EX (SPLIT-DOLLAR LIFE INSURANCE PLAN). SHE DID NOT RECEIVE A PAYMENT DURING 2022.

PART I, LINE 7

EMPLOYEES OF THE ORGANIZATION RECEIVED A BOARD-APPROVED DISCRETIONARY BONUS, AWARDED BASED ON PERFORMANCE, AS REPORTED FOR THEM IN PART II, COLUMN B(II).

Related corporations and trusts

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

• VHS INSURANCE COMPANY LTD

  C · PROVIDES PROFESSIONAL, MEDICAL, AND COMMERCIAL GENERAL LIABILITY INSURANCE · CJ

  Directly controlled by VALLEY HEALTH SYSTEM INC