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Nonprofiteer
← VAIL HEALTH SERVICES FOUNDATION

Form 990 for tax year 2024

Filed by VAIL HEALTH SERVICES FOUNDATION.

Totals

Total revenue
$23,063,060
Total expenses
$18,812,723
Contributions and grants received
$22,799,948
Grants paid
$11,298,509
Program service revenue
$0
Investment income
$249,086
Other revenue
$14,026
Total assets, end of year
$76,635,459
Total liabilities, end of year
$12,027,518
Net assets or fund balances, end of year
$64,607,941
Program services expenses (Part IX)
$15,109,371
Management and general expenses
$2,261,029
Fundraising expenses
$1,442,323
Program service expenses (Part III)
$15,109,371

Program services were 80.3% 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.

  • 1c · Fundraising events

    $215,320

  • 1d · Related organizations

    $4,923,833

  • 1f · All other contributions, gifts and grants

    $17,660,795

  • 1g · Noncash contributions included above

    $616,905

  • 3 · Investment income

    total $253,374 · excluded $253,374

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

    securities $4,288

  • 7c · Gain or loss

    securities -$4,288

  • 7d · Net gain or loss

    total -$4,288 · excluded -$4,288

  • 8a · Fundraising events: gross income

    $50,281

  • 8a · Fundraising events: contributions included on line 1c

    $215,320

  • 8b · Fundraising events: direct expenses

    $36,255

  • 8c · Net income from fundraising events

    total $14,026 · excluded $14,026

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,098,716 · program services $11,098,716

  • 2 · Grants to domestic individuals

    total $199,793 · program services $199,793

  • 11f · Fees: investment management

    total $80,648 · management and general $80,648

  • 11g · Fees: other

    total $6,568,637 · program services $3,431,832 · management and general $1,805,884 · fundraising $1,330,921

  • 12 · Advertising and promotion

    total $94,359 · program services $1,800 · management and general $92,559

  • 13 · Office expenses

    total $166,905 · program services $96,609 · management and general $70,296

  • 14 · Information technology

    total $108,654 · program services $1,200 · management and general $107,454

  • 17 · Travel

    total $93,051 · program services $47,626 · management and general $45,425

  • 19 · Conferences, conventions and meetings

    total $96,256 · program services $77,195 · management and general $19,061

  • 23 · Insurance

    total $7,797 · program services $7,797

  • 24a · Other expenses: FUNDRAISING EXPENSE

    total $159,932 · program services $48,530 · fundraising $111,402

  • 24b · Other expenses: SUPPLIES

    total $91,507 · program services $82,833 · management and general $8,674

  • 24c · Other expenses: REWARDS & RECOGNITION

    total $34,118 · program services $3,856 · management and general $30,262

  • 24d · Other expenses: LICENSES, CERTIFICATION

    total $4,803 · program services $4,085 · management and general $718

  • 24e · All other expenses

    total $7,547 · program services $7,499 · management and general $48

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $9,028,920 · end of year $6,307,327

  • 3 · Pledges and grants receivable

    beginning of year $17,123,621 · end of year $16,894,651

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,495 · end of year $17,920

  • 11 · Investments: publicly traded securities

    beginning of year $36,466,899 · end of year $48,179,655

  • 13 · Investments: program-related

    beginning of year $3,017,313 · end of year $2,598,924

  • 15 · Other assets

    beginning of year $0 · end of year $2,636,982

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,636,880 · end of year $5,173,634

  • 21 · Escrow or custodial account liability

    beginning of year $1,627,160 · end of year $1,130,236

  • 25 · Other liabilities

    beginning of year $3,510,333 · end of year $5,723,648

  • 27 · Net assets without donor restrictions

    beginning of year $9,782,468 · end of year $8,577,086

  • 28 · Net assets with donor restrictions

    beginning of year $46,091,407 · end of year $56,030,855

Mission and programs · 2024

Mission

ELEVATING HEALTH ACROSS OUR MOUNTAIN COMMUNITIES BY GENERATING PHILANTHROPY FOR VAIL HEALTH AND OUR NONPROFIT PARTNERS.

Activities or mission (Part I)

THE PROMOTION OF FUNDRAISING ACTIVITIES TO BUILD AND SUSTAIN EXCELLENCE IN HEALTHCARE AND RELATED ACTIVITIES AT VAIL CLINIC, INC., DBA VAIL HEALTH HOSPITAL AND RELATED ENTITIES.

  • VAIL HEALTH PROGRAMS - THE FOUNDATION, THROUGH ITS FUNDRAISING CAMPAIGNS, HAS RAISED FUNDS TO SUPPORT PROGRAMS OF ITS RELATED CORPORATION, VAIL HEALTH HOSPITAL, A 501(C)(3) ORGANIZATION, AND COLORADO MOUNTAIN MEDICAL, A DISREGARDED ENTITY OF VAIL HEALTH HOSPITAL. THE HOSPITAL PROVIDES COMMUNITY BENEFIT TO THE VAIL VALLEY AND SURROUNDING AREAS. FOR THE OPERATING YEAR ENDED OCTOBER 31, 2025 THE FOUNDATION CONTRIBUTED $2.6M TOWARDS HOSPITAL CAPITAL EQUIPMENT AND $1.7M TOWARD HOSPITAL HEALTH CARE PROGRAMS.

    Expenses $8,246,186 · Grants $4,435,324

  • EAGLE VALLEY BEHAVIORAL HEALTH PROGRAMS - THE FOUNDATION, THROUGH ITS FUNDRAISING CAMPAIGNS, HAS RAISED FUNDS TO SUPPORT PROGRAMS OF ITS RELATED CORPORATION, EAGLE VALLEY BEHAVIORAL HEALTH, A 501(C)(3) ORGANIZATION. THIS ENTITY WAS ESTABLISHED TO LEAD THE COMMUNITY COLLABORATION ENSURING ACCESS TO SUPERIOR BEHAVIORAL HEALTH SERVICES FOR EAGLE COUNTY. FOR THE OPERATING YEAR ENDED OCTOBER 31, 2025 THE FOUNDATION CONTRIBUTED $1.9M TOWARDS CAPITAL EQUIPMENT AND $3.7M TOWARD BEHAVIORAL HEALTH PROGRAMS.

    Expenses $5,651,564 · Grants $5,651,564

  • THE FOUNDATION, THROUGH ITS FUNDRAISING ACTIVITIES, RAISES FUNDS TO SUPPORT PROGRAMS OF ITS RELATED ENTITY, VAIL HEALTHSPAN LLC, A WHOLLY OWNED SUBSIDIARY OF VAIL HEALTH SERVICES, THE FOUNDATION'S PARENT ORGANIZATION. VAIL HEALTHSPAN WAS ESTABLISHED TO ADVANCE COMMUNITY HEALTH THROUGH PERSONALIZED, EVIDENCE-BASED HEALTH AND WELLNESS PROGRAMS FOCUSED ON PREVENTION, HEALTH OPTIMIZATION, AND HEALTHY AGING. THE PROGRAM SERVES INDIVIDUALS SEEKING TO IMPROVE THEIR PHYSICAL, MENTAL, AND METABOLIC HEALTH THROUGH LIFESTYLE-BASED INTERVENTIONS, INCLUDING NUTRITION, EXERCISE, HEALTH COACHING, BEHAVIORAL HEALTH SUPPORT, AND OTHER WHOLE-PERSON WELLNESS SERVICES.THE PROGRAM SUPPORTS VAIL HEALTH'S MISSION BY PROMOTING HEALTHIER COMMUNITIES, ENCOURAGING DISEASE PREVENTION, IMPROVING QUALITY OF LIFE, AND HELPING INDIVIDUALS MAINTAIN LONG-TERM HEALTH AND INDEPENDENCE. BY EMPHASIZING EDUCATION, EARLY INTERVENTION, AND SUSTAINABLE HEALTH BEHAVIORS, VAIL HEALTHSPAN EXTENDS VAIL HEALTH'S COMMITMENT TO IMPROVING THE HEALTH AND WELL-BEING OF THE COMMUNITIES IT SERVES.FOR THE OPERATING YEAR ENDED OCTOBER 31, 2025, THE FOUNDATION CONTRIBUTED APPROXIMATELY $43K TOWARD CAPITAL EQUIPMENT AND $1.1 MILLION TOWARD HEALTHSPAN PROGRAMS.

    Expenses $1,211,621 · Grants $1,211,621

  • FISCAL AGENCY ACTIVITY - THE FOUNDATION WORKS WITH PARTNER ORGANIZATIONS THAT SHARE A SIMILAR MISSION OF SUPPORTING OVERALL HEALTH CARE IN EAGLE COUNTY AND THE SURROUNDING REGION. THIS INCLUDES THE FOUNDATION ACTING IN THE CAPACITY OF A FISCAL AGENT TO FACILITATE FUNDRAISING EFFORTS FOR CERTAIN ORGANIZATIONS THAT LACK INTERNAL STAFFING AND SYSTEMS TO RECEIVE AND PROCESS DONATIONS AND EVENT PROCEEDS. THESE PARTNER ORGANIZATIONS INCLUDE STEADMAN PHILIPPON RESEARCH INSTITUTE WHERE THE FOUNDATION MANAGES AN ENDOWMENT OWNED AND DIRECTED TO SPRI, AS WELL AS VARIOUS BEHAVIORAL HEALTH FOCUSED PARTNER ORGANIZATIONS. FUNDS RECEIVED ON BEHALF OF THESE PARTNER ORGANIZATIONS ARE PASSED TO THE PARTNER ORGANIZATION AND ARE NOT RECOGNIZED AS FOUNDATION REVENUE ON THE FOUNDATION'S AUDITED FINANCIALS.

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

    DIRECTOR, CEO VH

    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

  • Daniel Pennington

    DIRECTOR, PRESIDENT VHF

    Total calculated
    $609,229
    From this org
    $0
    From related orgs
    $550,973
    Other
    $58,256
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $364,103 related
    Bonus
    $0 + $180,253 related
    Other
    $0 + $6,617 related
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $41,006 related
    Filer's total
    $0 + $609,229 related

  • Jack Eck MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Randall

    DIRECTOR, CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Art Kelton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sam Bronfman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Suzy Donohue

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Johannes Faessler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Peter Millett MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cynthia Pillsbury

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amanda Precourt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Shannon

    DIRECTOR (OUTGOING)

    Total calculated
    $0
    Hours/week
    1

  • Susan Suggs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tina Vardaman

    DIRECTOR (OUTGOING)

    Total calculated
    $0
    Hours/week
    1

  • Barbara Wenninger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Brown

    CHIEF FINANCIAL OFFICER

    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

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

  • 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)

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, LINE 4B
457(F)/457(B) PLAN: WILL COOK PARTICIPATED IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) DURING THE YEAR. THE 457(F)/457(B) AMOUNT WAS $90,000, AND HE IS FULLY VESTED IN THE PLAN.
PART I, LINE 7
NON FIXED AND BONUS PAYMENTS: 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

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

    HEALTH CARE · CO

  • EAGLE RIVER REAL ESTATE HOLDINGS

    RELATED · RENTAL · CO · 25% owned · share of income $671,141 · share of assets $71,744,200

    Directly controlled by VAIL CLINIC INC

  • 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
14 September 2026
IRS schema version
2024v5.5
Source object
202622589349300432

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