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Nonprofiteer
← VALLEY VIEW HOSPITAL ASSOCIATION

Form 990 for tax year 2024

Filed by VALLEY VIEW HOSPITAL ASSOCIATION.

Totals

Total revenue
$368,463,483
Total expenses
$334,122,187
Contributions and grants received
$2,420,620
Grants paid
$240,233
Program service revenue
$351,861,855
Investment income
$11,243,387
Other revenue
$2,937,621
Total assets, end of year
$678,949,359
Total liabilities, end of year
$180,158,454
Net assets or fund balances, end of year
$498,790,905
Program services expenses (Part IX)
$285,238,949
Management and general expenses
$48,883,238
Fundraising expenses
$0
Program service expenses (Part III)
$285,238,949

Program services were 85.4% 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

    $1,909,096

  • 1f · All other contributions, gifts and grants

    $511,524

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $348,411,003 · related or exempt $348,411,003

  • 2b · Program service revenue: INCENTIVE PAYMENTS

    total $2,358,161 · related or exempt $2,358,161

  • 2c · Program service revenue: PLASTIC SURGERY CENTER

    total $873,255 · related or exempt $873,255

  • 2d · Program service revenue: MISCELLANEOUS PROGRAM INCOME

    total $208,394 · related or exempt $208,394

  • 2e · Program service revenue: MEDICAL/PHARMACY

    total $11,042 · related or exempt $11,042

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $8,850,803 · excluded $8,850,803

  • 6a · Gross rents

    real property $701,152

  • 6b · Less rental expenses

    real property $925,596

  • 6c · Rental income or loss

    real property -$224,444 · personal property $0

  • 6d · Net rental income or loss

    total -$224,444 · excluded -$224,444

  • 7a · Gross sales of assets other than inventory

    securities $139,366,806 · other assets $1,450,415

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

    securities $137,636,504 · other assets $788,133

  • 7c · Gain or loss

    securities $1,730,302 · other assets $662,282

  • 7d · Net gain or loss

    total $2,392,584 · excluded $2,392,584

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $7,376,342

  • 10b · Cost of goods sold

    $6,043,837

  • 10c · Net income from sales of inventory

    total $1,332,505 · unrelated business $275,564 · excluded $1,056,941

  • 11a · Other revenue: CAFETERIA

    total $1,829,560 · excluded $1,829,560

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $1,829,560

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $240,233 · program services $240,233

  • 5 · Compensation of officers, directors and key employees

    total $4,055,458 · program services $1,265,928 · management and general $2,789,530

  • 6 · Compensation of disqualified persons

    total $261,196 · management and general $261,196

  • 7 · Other salaries and wages

    total $136,262,082 · program services $114,481,262 · management and general $21,780,820

  • 8 · Pension plan contributions

    total $3,426,858 · program services $2,802,570 · management and general $624,288

  • 9 · Other employee benefits

    total $20,580,251 · program services $16,889,392 · management and general $3,690,859

  • 10 · Payroll taxes

    total $8,751,542 · program services $7,205,687 · management and general $1,545,855

  • 11b · Fees: legal

    total $1,076,715 · management and general $1,076,715

  • 11c · Fees: accounting

    total $375,857 · management and general $375,857

  • 11d · Fees: lobbying

    total $4,287 · management and general $4,287

  • 11g · Fees: other

    total $44,274,745 · program services $35,450,123 · management and general $8,824,622 · fundraising $0

  • 12 · Advertising and promotion

    total $1,043,234 · program services $75,116 · management and general $968,118

  • 13 · Office expenses

    total $1,060,758 · program services $582,207 · management and general $478,551

  • 14 · Information technology

    total $6,525,114 · program services $6,525,114

  • 16 · Occupancy

    total $3,890,672 · program services $3,461,137 · management and general $429,535

  • 17 · Travel

    total $144,438 · program services $132,913 · management and general $11,525

  • 19 · Conferences, conventions and meetings

    total $597,809 · program services $476,402 · management and general $121,407

  • 20 · Interest

    total $5,192,870 · program services $4,313,305 · management and general $879,565

  • 22 · Depreciation, depletion and amortization

    total $20,969,007 · program services $18,239,735 · management and general $2,729,272

  • 23 · Insurance

    total $1,517,507 · program services $797,574 · management and general $719,933

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $57,129,704 · program services $56,682,719 · management and general $446,985

  • 24b · Other expenses: MEDICAID PROVIDER FEE

    total $9,282,339 · program services $9,282,339

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $6,625,104 · program services $5,772,985 · management and general $852,119

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

    total $834,407 · program services $562,208 · management and general $272,199

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $468,231 · end of year $47,815

  • 2 · Savings and temporary cash investments

    beginning of year $27,730,921 · end of year $27,514,328

  • 4 · Accounts receivable

    beginning of year $58,775,476 · end of year $62,114,134

  • 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 $9,611,544 · end of year $9,806,687

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,074,639 · end of year $6,307,176

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

    $474,000,013

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

    $267,292,670

  • 10c · Land, buildings and equipment, net

    beginning of year $207,366,440 · end of year $206,707,343

  • 11 · Investments: publicly traded securities

    beginning of year $299,417,223 · end of year $349,984,228

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $5,749,996 · end of year $5,603,250

  • 15 · Other assets

    beginning of year $10,823,263 · end of year $10,864,398

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,411,991 · end of year $51,281,520

  • 18 · Grants payable

    beginning of year $0

  • 19 · Deferred revenue

    beginning of year $169,415 · end of year $127,177

  • 20 · Tax-exempt bond liabilities

    beginning of year $127,521,575 · end of year $123,673,002

  • 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 $1,778,131 · end of year $1,613,280

  • 25 · Other liabilities

    beginning of year $4,032,468 · end of year $3,463,475

  • 27 · Net assets without donor restrictions

    beginning of year $439,426,646 · end of year $491,167,055

  • 28 · Net assets with donor restrictions

    beginning of year $7,677,507 · end of year $7,623,850

Mission and programs · 2024

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 BASALT, CARBONDALE, EAGLE AND SILT, COLORADO AND PROVIDES SERVICES AT VARIOUS OTHER HEALTHCARE FACILITIES ON THE COLORADO WESTERN SLOPE. OPERATING ROOM - TOTAL SURGICAL VISITS OF 6,640. PHARMACY - ORDERS PROCESSED OF 454,277. LAB - BILLABLE TESTS OF 367,875. VALLEY VIEW HOSPITAL PROVIDES QUALITY MEDICAL HEALTHCARE REGARDLESS OF RACE, AGE, CREED, SEX, NATIONAL ORIGIN, OR HANDICAP. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATION AND STABILITY OF VALLEY VIEW HOSPITAL, IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL SERVICES. THEREFORE, IN KEEPING WITH THE HOSPITAL'S COMMITMENT TO SERVE ALL MEMBERS OF ITS COMMUNITY, FREE CARE AND SUBSIDIZED CARE, CARE PROVIDED TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS AT BELOW COST, AND HEALTH ACTIVITIES AND PROGRAMS TO SUPPORT THE COMMUNITY WILL BE CONSIDERED WHERE THE NEED AND/OR INDIVIDUAL'S INABILITY TO PAY CO-EXISTS. THESE ACTIVITIES INCLUDE WELLNESS PROGRAMS, COMMUNITY EDUCATIONS PROGRAMS, AND SPECIAL PROGRAMS FOR THE ELDERLY, HANDICAPPED, MEDICALLY UNDERSERVED, AND VARIETY OF COMMUNITY SUPPORT ACTIVITIES. THE HOSPITAL OPERATES AN ACUTE CARE, CRITICAL CARE, FAMILY BIRTHPLACE, EMERGENCY ROOM, RADIOLOGY, CARDIOLOGY, CANCER CENTER AND MANY OTHER SPECIALTY PROGRAMS.

    Expenses $285,238,949 · Grants $240,233 · Revenue $351,861,855

As filed on the 2024 return.

Listed in Part VII

  • KEN MURPHY

    SECRETARY, BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NETTIE AVERY

    FORMER CHAIR, BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WILL DOUGLAS

    CHAIR, TREASURER

    Total calculated
    $0
    Hours/week
    1

  • FERDINAND LIOTTA MD

    TRUSTEE, BOARD MEMBER, ORTHOPA

    Total calculated
    $1,265,928
    From this org
    $1,191,348
    From related orgs
    $0
    Other
    $74,580
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $937,369
    Bonus
    $202,076
    Other
    $51,903
    Deferred
    $18,975
    Nontaxable benefits
    $55,605
    Filer's total
    $1,265,928

  • KIKO PENA

    TRUSTEE, BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NICOLE MCDERMOTT MD

    TRUSTEE, BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PATTI MIELY

    TRUSTEE, BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRIAN MURPHY MD

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $1,308,773
    From this org
    $1,158,897
    From related orgs
    $0
    Other
    $149,876
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $817,018
    Bonus
    $304,688
    Other
    $37,191
    Deferred
    $102,663
    Nontaxable benefits
    $47,213
    Filer's total
    $1,308,773

  • CHARLES CREVLING

    CHIEF FINANCIAL OFFICER

    Total calculated
    $702,607
    From this org
    $589,505
    From related orgs
    $0
    Other
    $113,102
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $450,368
    Bonus
    $115,647
    Other
    $23,490
    Deferred
    $85,230
    Nontaxable benefits
    $27,872
    Filer's total
    $702,607

  • DANIEL BIGGS

    CHIEF OPERATING OFFICER

    Total calculated
    $778,150
    From this org
    $643,962
    From related orgs
    $0
    Other
    $134,188
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $513,028
    Bonus
    $123,003
    Other
    $7,931
    Deferred
    $78,680
    Nontaxable benefits
    $55,508
    Filer's total
    $778,150

  • FRANK LAWS MD

    CARDIOLOGIST

    Total calculated
    $1,209,873
    From this org
    $1,172,263
    From related orgs
    $0
    Other
    $37,610
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $871,866
    Bonus
    $264,630
    Other
    $35,767
    Deferred
    $18,975
    Nontaxable benefits
    $18,635
    Filer's total
    $1,209,873

  • MICHAEL POTTER MD

    ORTHOPAEDIC SURGEON

    Total calculated
    $1,300,559
    From this org
    $1,237,071
    From related orgs
    $0
    Other
    $63,488
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $721,586
    Bonus
    $489,907
    Other
    $25,578
    Deferred
    $18,975
    Nontaxable benefits
    $44,513
    Filer's total
    $1,300,559

  • STEPHEN JONES MD

    THORACIC CARDIAC SURGEON

    Total calculated
    $1,433,340
    From this org
    $1,398,780
    From related orgs
    $0
    Other
    $34,560
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,287,032
    Bonus
    $50,000
    Other
    $61,748
    Deferred
    $18,975
    Nontaxable benefits
    $15,585
    Filer's total
    $1,433,340

  • SURESH KHILNANI MD

    PULMONOLOGIST

    Total calculated
    $1,064,153
    From this org
    $1,026,393
    From related orgs
    $0
    Other
    $37,760
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $962,137
    Bonus
    $20,000
    Other
    $44,256
    Deferred
    $18,975
    Nontaxable benefits
    $18,785
    Filer's total
    $1,064,153

  • TOMAS PEVNY MD

    ORTHOPAEDIC SURGEON

    Total calculated
    $1,154,588
    From this org
    $1,080,008
    From related orgs
    $0
    Other
    $74,580
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $721,516
    Bonus
    $319,261
    Other
    $39,231
    Deferred
    $18,975
    Nontaxable benefits
    $55,605
    Filer's total
    $1,154,588

  • GARY BREWER

    FORMER CHIEF EXECUTIVE OFFICER

    Total calculated
    $259,360
    From this org
    $259,360
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $259,360
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $259,360

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 Tax indemnification and gross-up payments
CHRISTMAS GIFTS OF $100-$250 WERE GIVEN TO OFFICERS AND KEY EMPLOYEES AND GROSSED UP FOR TAXES.
Schedule J, Part I, Line 1b Written policy regarding payment or reimbursement of expenses
THE CHRISTMAS GIFTS ARE DISCRETIONARY AND IMMATERIAL; THEREFORE, NO WRITTEN POLICY HAS BEEN IMPLEMENTED.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
BRIAN MURPHY, CHARLES CREVLING, AND DANIEL BIGGS PARTICIPATE IN A SERP PLAN AND EMPLOYER CONTRIBUTIONS DURING CALENDAR YEAR 2024 WERE $83,687.50, $40,000 AND $50,000 RESPECTIVELY.
Schedule J, Part I, Line 7 Non-fixed payments
THE CEO, CFO, AND ALL HIGHEST COMPENSATED EMPLOYEES RECEIVED A BONUS DURING CALENDAR YEAR 2024. 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

The 10 largest by cash amount. The API serves every itemized grant.

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
2024
Filed
29 October 2025
IRS schema version
2024v5.1
Source object
202513029349302616

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