Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $435,744

• 1e · Government grants (contributions)

  $103,686

• 1f · All other contributions, gifts and grants

  $11,406

• 1g · Noncash contributions included above

  $217,082

• 2a · Program service revenue: NET PATIENT SVC REV

  total $749,260,385 · related or exempt $749,260,385

• 2b · Program service revenue: PROVIDER FEE INCOME

  total $29,455,132 · related or exempt $29,455,132

• 2c · Program service revenue: JOINT VENTURE

  total $8,045,549 · related or exempt $8,046,514 · unrelated business -$965

• 2d · Program service revenue: LAB SERVICES

  total $6,938,895 · related or exempt $6,938,895

• 2e · Program service revenue: DIETARY SVC INCOME

  total $2,651,177 · excluded $2,651,177

• 2f · All other program service revenue

  total $1,133,561 · related or exempt $1,118,919 · unrelated business $14,642

• 3 · Investment income

  total $52,924,429 · excluded $52,924,429

• 6a · Gross rents

  real property $2,132,582 · personal property $6,675

• 6b · Less rental expenses

  real property $1,354,053 · personal property $6,675

• 6c · Rental income or loss

  real property $778,529 · personal property $0

• 6d · Net rental income or loss

  total $778,529 · excluded $778,529

• 7a · Gross sales of assets other than inventory

  securities $1,001,156,121 · other assets $227,606

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

  securities $1,017,950,207 · other assets $0

• 7c · Gain or loss

  securities -$16,794,086 · other assets $227,606

• 7d · Net gain or loss

  total -$16,566,480 · excluded -$16,566,480

• 10a · Gross sales of inventory

  $208,652

• 10b · Cost of goods sold

  $121,230

• 10c · Net income from sales of inventory

  total $87,422 · excluded $87,422

• 11a · Other revenue: OTHER REVENUE

  total $4,495,753 · related or exempt $4,495,753

• 11b · Other revenue: RENT INCOME - AFFILIAT

  total $2,504,960 · related or exempt $2,504,960

• 11e · Other revenue, total

  $7,000,713

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $65,197,578 · program services $65,197,578

• 5 · Compensation of officers, directors and key employees

  total $2,088,688 · program services $740,308 · management and general $1,348,380

• 7 · Other salaries and wages

  total $248,581,710 · program services $211,678,966 · management and general $36,902,744

• 8 · Pension plan contributions

  total $24,469,135 · program services $20,704,492 · management and general $3,764,643

• 9 · Other employee benefits

  total $45,502,604 · program services $38,502,405 · management and general $7,000,199

• 10 · Payroll taxes

  total $3,209,514 · program services $2,715,722 · management and general $493,792

• 11b · Fees: legal

  total $1,351,094 · management and general $1,351,094

• 11c · Fees: accounting

  total $61,544 · management and general $61,544

• 11d · Fees: lobbying

  total $37,414 · management and general $37,414

• 11f · Fees: investment management

  total $2,971,540 · management and general $2,971,540

• 11g · Fees: other

  total $41,093,245 · program services $30,334,230 · management and general $10,759,015

• 12 · Advertising and promotion

  total $3,271,011 · program services $3,207,335 · management and general $63,676

• 13 · Office expenses

  total $6,415,551 · program services $5,898,714 · management and general $516,837

• 14 · Information technology

  total $13,485,867 · program services $12,045,714 · management and general $1,440,153

• 16 · Occupancy

  total $5,082,240 · program services $4,258,381 · management and general $823,859

• 17 · Travel

  total $1,420,594 · program services $1,220,583 · management and general $200,011

• 19 · Conferences, conventions and meetings

  total $593,927 · program services $288,275 · management and general $305,652

• 20 · Interest

  total $5,126,481 · program services $4,931,221 · management and general $195,260

• 22 · Depreciation, depletion and amortization

  total $30,188,227 · program services $22,019,848 · management and general $8,168,379

• 23 · Insurance

  total $986,476 · program services $920,998 · management and general $65,478

• 24a · Other expenses: MEDICAL SUPPLIES

  total $151,504,590 · program services $151,493,317 · management and general $11,273

• 24b · Other expenses: PROVIDER FEE EXPENSE

  total $39,274,685 · program services $39,274,685

• 24c · Other expenses: BAD DEBT

  total $26,885,484 · program services $26,875,164 · management and general $10,320

• 24d · Other expenses: REPAIRS & MAINTENANCE

  total $14,985,716 · program services $10,316,990 · management and general $4,668,726

• 24e · All other expenses

  total $6,923,064 · program services $4,162,155 · management and general $2,760,909

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $93,622,713 · end of year $67,569,167

• 2 · Savings and temporary cash investments

  beginning of year $2,312,627 · end of year $2,385,126

• 4 · Accounts receivable

  beginning of year $77,986,417 · end of year $79,524,220

• 8 · Inventories for sale or use

  beginning of year $12,200,604 · end of year $14,589,153

• 9 · Prepaid expenses and deferred charges

  beginning of year $13,364,394 · end of year $9,886,054

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

  $839,213,504

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

  $454,462,215

• 10c · Land, buildings and equipment, net

  beginning of year $297,084,338 · end of year $384,751,289

• 11 · Investments: publicly traded securities

  beginning of year $1,817,759,288 · end of year $2,026,497,136

• 13 · Investments: program-related

  beginning of year $46,727,749 · end of year $41,822,202

• 15 · Other assets

  beginning of year $7,023,988,981 · end of year $8,275,193,445

• 17 · Accounts payable and accrued expenses

  beginning of year $106,670,601 · end of year $97,954,535

• 19 · Deferred revenue

  beginning of year $898,152 · end of year $1,210,652

• 20 · Tax-exempt bond liabilities

  beginning of year $143,542,807 · end of year $135,786,666

• 23 · Secured mortgages and notes payable

  end of year $67,724,485

• 24 · Unsecured notes and loans payable

  beginning of year $37,961 · end of year $46,262

• 25 · Other liabilities

  beginning of year $6,461,311,669 · end of year $7,661,058,183

• 27 · Net assets without donor restrictions

  beginning of year $2,672,585,921 · end of year $2,938,437,009

The filer's explanations (Part III)

PART I, LINE 1A

GROSS-UP PAYMENTS: GROSS UP PAYROLL IS CALCULATED AT YEAR END FOR SPECIAL CHECKS CREATED TO ADD SPECIFIC ITEMS TO EMPLOYEE'S FORM W-2 WAGES INCLUDING COUNTRY CLUB DUES, SPOUSE TRAVEL FOR ANNUAL BOARD RETREAT AND SELECT CONFERENCES, AND IMPUTED INCOME ON LIFE INSURANCE POLICIES. CLUB DUES: THE HEALTH SYSTEM EXPECTS THE HOSPITAL MANAGEMENT TO PARTICIPATE IN COMMUNITY LIFE AND THEREFORE THE SYSTEM PAYS SOCIAL CLUB DUES FOR SPECIFIC MEMBERS OF THE SENIOR MANAGEMENT GROUP. THE CLUB DUES ARE ADDED TO THE SENIOR MANAGEMENT'S FORM W-2 ON AN ANNUAL BASIS.

PART I, LINE 7

THE ORGANIZATION OFFERS A BONUS PLAN THAT PAYS A PERCENTAGE OF AN EMPLOYEE'S BASE PAY. THE INTENT OF THE PLAN IS TO REWARD AN EMPLOYEE'S PERFORMANCE TOWARDS ACHIEVEMENT OF STRATEGIC GOALS DURING THE FISCAL YEAR. SUCCESSFUL ACCOMPLISHMENT OF GOALS THAT CONTRIBUTE TO THE ORGANIZATION'S OVERALL STRATEGIC DIRECTION RESULT IN VARIABLE PAYMENTS ALIGNED WITH THE ORGANIZATION'S TOTAL COMPENSATION STRATEGY. THIS PROGRAM REWARDS EMPLOYEES BASED ON ORGANIZATIONAL PERFORMANCE MEASURES AND INDIVIDUAL EMPLOYEE GOAL PERFORMANCE. ALL PAYOUTS ARE CONTINGENT BASED ON THE UCHEALTH BOARD OF DIRECTORS APPROVAL EACH FISCAL YEAR.

Disregarded entities

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

• LAKOTA LAKE LLC

  OUTPATIENT · CO · income $179,018 · assets $51,101,368

  Directly controlled by PVHC INC

Related partnerships

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

• HARMONY SURGERY CENTER

  RELATED · AMBULATORY SURG · CO · 50% owned · share of income $3,334,735 · share of assets $6,653,028

• CENTRE AVENUE HEALTH AND REHAB

  RELATED · NURSING FACILITY · CO · 50% owned · share of income -$1,139,542 · share of assets $463,612

• COLUMBINE POUDRE HOME CARE

  RELATED · NURSING CARE · CO · 50% owned · share of income -$141,904 · share of assets $453,057

• GATEWAY MEDICAL SERVICES

  UNRELATED · REAL EST/MED · CO · 50% owned · share of income $539,193 · share of assets $4,689,498

• HARMONY IMAGING CENTER

  RELATED · MEDICAL IMAGING · CO · 46% owned · share of income $237,296 · share of assets $3,522,358

• SURGERY CENTER OF FORT COLLINS

  UNRELATED · SURGICAL PROC · CO · 26% owned · share of income -$200,293 · share of assets $444,114

• PVHS-ICM EHW

  RELATED · MEDICAL SERVICES · CO · 50% owned · share of income $54,089 · share of assets $304,492

• PEAK SURGICAL MANAGEMENT

  UNRELATED · SURGICAL MGMT · CO · 14.29% owned · share of income $201,201 · share of assets $94,333

• OCR LOVELAND

  UNRELATED · AMBULATORY SURG · CO · 10% owned · share of income $3,937,369 · share of assets $3,398,409

• OCR FT COLLINS

  UNRELATED · AMBULATORY SURG · CO · 50% owned · share of income $1,240,638 · share of assets $1,001,727

Related corporations and trusts

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

• INNOVATION ENTERPRISES

  C · IT CONSULTING · CO · 100% owned · share of income $16,071 · share of assets $155,968 · controlled entity

  Directly controlled by PVHC