Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $0

• 1b · Membership dues

  $0

• 1c · Fundraising events

  $0

• 1d · Related organizations

  $171,704

• 1e · Government grants (contributions)

  $9,173,728

• 1f · All other contributions, gifts and grants

  $293,407

• 1g · Noncash contributions included above

  $0

• 2a · Program service revenue: PATIENT CARE REVENUE

  total $768,569,638 · related or exempt $768,569,638 · unrelated business $0 · excluded $0

• 2b · Program service revenue: 340B PHARMACY PROGRAM

  total $1,055,598 · related or exempt $1,055,598 · unrelated business $0 · excluded $0

• 2c · Program service revenue: PHYSICIAN OFFICE RENTAL

  total $147,619 · related or exempt $147,619 · unrelated business $0 · excluded $0

• 2d · Program service revenue: NON-PATIENT LAB REVENUE

  total $422,406 · related or exempt $0 · unrelated business $422,406 · excluded $0

• 2e · Program service revenue

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

• 2f · All other program service revenue

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

• 3 · Investment income

  total $1,936,964 · related or exempt $0 · unrelated business $0 · excluded $1,936,964

• 4 · Income from investment of tax-exempt bond proceeds

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

• 5 · Royalties

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

• 6a · Gross rents

  real property $418,965 · personal property $0

• 6b · Less rental expenses

  real property $267,979 · personal property $0

• 6c · Rental income or loss

  real property $150,986 · personal property $0

• 6d · Net rental income or loss

  total $150,986 · related or exempt $0 · excluded $150,986

• 7a · Gross sales of assets other than inventory

  securities $0 · other assets $23,173

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

  securities $0 · other assets $0

• 7c · Gain or loss

  securities $0 · other assets $23,173

• 7d · Net gain or loss

  total $23,173 · related or exempt $0 · unrelated business $0 · excluded $23,173

• 8a · Fundraising events: gross income

  $0

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $0 · unrelated business $0 · excluded $0

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

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

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

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

• 11a · Other revenue: REBATES & REFUNDS

  total $1,561,630 · related or exempt $1,561,630 · unrelated business $0 · excluded $0

• 11b · Other revenue: FOOD SALES

  total $946,804 · related or exempt $946,804 · unrelated business $0 · excluded $0

• 11c · Other revenue: DISCOUNTS

  total $114,069 · related or exempt $114,069 · unrelated business $0 · excluded $0

• 11d · All other revenue

  total $80,751 · related or exempt $80,751 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $2,703,254

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $395,629 · program services $395,629

• 2 · Grants to domestic individuals

  total $0 · program services $0

• 3 · Grants to foreign organizations and individuals

  total $0 · program services $0

• 4 · Benefits paid to or for members

  total $0 · program services $0

• 5 · Compensation of officers, directors and key employees

  total $4,312,411 · program services $145,832 · management and general $4,166,579 · fundraising $0

• 6 · Compensation of disqualified persons

  total $146,026 · program services $146,026 · management and general $0 · fundraising $0

• 7 · Other salaries and wages

  total $325,213,563 · program services $314,538,425 · management and general $10,675,138 · fundraising $0

• 8 · Pension plan contributions

  total $14,296,957 · program services $13,582,109 · management and general $714,848 · fundraising $0

• 9 · Other employee benefits

  total $49,133,212 · program services $47,818,857 · management and general $1,314,355 · fundraising $0

• 10 · Payroll taxes

  total $24,174,962 · program services $23,365,068 · management and general $809,894 · fundraising $0

• 11a · Fees: management

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

• 11b · Fees: legal

  total $2,209,193 · program services $601,491 · management and general $1,607,702 · fundraising $0

• 11c · Fees: accounting

  total $478,866 · program services $0 · management and general $478,866 · fundraising $0

• 11d · Fees: lobbying

  total $29,642 · program services $0 · management and general $29,642 · fundraising $0

• 11e · Fees: professional fundraising services

  total $0 · fundraising $0

• 11f · Fees: investment management

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

• 11g · Fees: other

  total $119,992,936 · program services $103,313,918 · management and general $16,679,018 · fundraising $0

• 12 · Advertising and promotion

  total $1,354,127 · program services $1,039,136 · management and general $314,991 · fundraising $0

• 13 · Office expenses

  total $17,704,212 · program services $15,243,327 · management and general $2,460,885 · fundraising $0

• 14 · Information technology

  total $8,849,908 · program services $7,619,771 · management and general $1,230,137 · fundraising $0

• 15 · Royalties

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

• 16 · Occupancy

  total $17,572,174 · program services $15,129,642 · management and general $2,442,532 · fundraising $0

• 17 · Travel

  total $294,775 · program services $250,826 · management and general $43,949 · fundraising $0

• 18 · Travel or entertainment for public officials

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

• 19 · Conferences, conventions and meetings

  total $459,591 · program services $408,350 · management and general $51,241 · fundraising $0

• 20 · Interest

  total $13,892 · program services $11,961 · management and general $1,931 · fundraising $0

• 21 · Payments to affiliates

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

• 22 · Depreciation, depletion and amortization

  total $38,789,603 · program services $33,397,848 · management and general $5,391,755 · fundraising $0

• 23 · Insurance

  total $4,155,281 · program services $3,577,697 · management and general $577,584 · fundraising $0

• 24a · Other expenses: MEDICAL SUPPLIES

  total $94,801,669 · program services $81,624,237 · management and general $13,177,432 · fundraising $0

• 24b · Other expenses: CALIFORNIA HOSPITAL FEE

  total $37,492,873 · program services $37,492,873 · management and general $0 · fundraising $0

• 24c · Other expenses: CAPITATION EXPENSE

  total $16,536,171 · program services $16,536,171 · management and general $0 · fundraising $0

• 24d · Other expenses: DUES & SUBSCRIPTIONS

  total $2,319,969 · program services $2,319,969 · management and general $0 · fundraising $0

• 24e · All other expenses

  total $2,182,339 · program services $1,876,812 · management and general $305,527 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $92,333,646 · end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $9,488,767 · end of year $46,731,722

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $111,585,792 · end of year $133,961,546

• 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

• 7 · Other notes and loans receivable

  beginning of year $4,293,797 · end of year $3,210,514

• 8 · Inventories for sale or use

  beginning of year $17,198,846 · end of year $15,407,087

• 9 · Prepaid expenses and deferred charges

  beginning of year $10,250,229 · end of year $20,825,880

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

  $1,010,399,935

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

  $668,479,566

• 10c · Land, buildings and equipment, net

  beginning of year $347,253,174 · end of year $341,920,369

• 11 · Investments: publicly traded securities

  beginning of year $0 · end of year $0

• 12 · Investments: other securities

  beginning of year $31,172,171 · end of year $27,246,990

• 13 · Investments: program-related

  beginning of year -$7,190,695 · end of year -$7,992,291

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $167,059,788 · end of year $185,759,427

• 17 · Accounts payable and accrued expenses

  beginning of year $120,725,137 · end of year $146,311,813

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $0 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 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 $29,776,083 · end of year $20,048,390

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $67,290,744 · end of year $37,878,492

• 27 · Net assets without donor restrictions

  beginning of year $533,383,532 · end of year $534,463,641

• 28 · Net assets with donor restrictions

  beginning of year $32,270,019 · end of year $28,368,908

The filer's explanations (Part III)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

THE HOSPITAL HAS EMPLOYMENT CONTRACTS WITH MR. YOCHUM AND MR. NELSON. THE CONTRACTS PROVIDE FOR A PAYMENT OF 6.92 FOR MR. NELSON AND 7.08 FOR MR. YOCHUM TIMES ANNUAL CASH COMPENSATION IF THE EXECUTIVE REMAINS EMPLOYED UNTIL THE END OF THE CONTRACT. EMPLOYMENT REQUIREMENTS ARE 46 YEARS FOR MR. YOCHUM AND 45 YEARS FOR MR. NELSON. IN THE EVENT OF VOLUNTARY TERMINATION OR TERMINATION FOR CAUSE, ALL BENEFITS UNDER THE CONTRACT ARE FORFEITED. IN THE EVENT OF EARLY TERMINATION BECAUSE OF DEATH OR DISABILITY, A PRORATED BENEFIT WOULD BE PAID. THE CONTRACT AFFIRMS THE BOARD OF DIRECTORS HAS THE RIGHT TO TERMINATE THE CONTRACT, WITH OR WITHOUT CAUSE, AT ITS DISCRETION, AND PROVIDES A FORMULA FOR CALCULATING THE SEVERANCE PAYMENT IN THE EVENT OF INVOLUNTARY TERMINATION. ONCE THE EMPLOYEE HAS MET ALL VESTING REQUIREMENTS, AND THE AMOUNT IS NOT SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE, THE AMOUNT IS INCLUDED IN OTHER REPORTABLE COMPENSATION (SCHEDULE J, PART II, B(III)). SCHEDULE J, PART II, COLUMN C INCLUDES DEFERRED COMPENSATION OF $103,432 FOR MR. YOCHUM AND $1,374 FOR MR. NELSON. RICHARD YOCHUM RECEIVED A DEFERRED COMPENSATION PAYOUT OF $451,327 IN 2022 OF WHICH $312,985 WAS REPORTED ON PRIOR YEAR'S FORM 990. MICHAEL NELSON RECEIVED A DEFERRED COMPENSATION PAYOUT OF $311,856 IN 2022 OF WHICH $136,432 WAS REPORTED ON PRIOR YEAR'S FORM 990.

Related partnerships

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

• POMONA VALLEY MEDICAL PLAZA

  Related · LEASING · CA · 90% owned · share of income -$94,488 · share of assets $4,466,270

  Directly controlled by PVHMC

Related corporations and trusts

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

• POMONA VALLEY HEALTH FACILITIES

  C Corporation · R.E. OPERATION · CA · 100% owned · share of income $32,247 · share of assets -$110,905 · controlled entity

  Directly controlled by PVHMC