Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $269,189

• 1e · Government grants (contributions)

  $2,002,198

• 1f · All other contributions, gifts and grants

  $1,218,298

• 2a · Program service revenue: NET PATIENT SERVICE REVENUE

  total $261,591,647 · related or exempt $261,591,647

• 2b · Program service revenue: CAPITATION PREMIUM REVENUE

  total $204,327,447 · related or exempt $204,327,447

• 2c · Program service revenue: OTHER OPERATING REVENUE

  total $5,681,391 · related or exempt $5,681,391

• 3 · Investment income

  total $6,365,626 · excluded $6,365,626

• 6a · Gross rents

  real property $967,169

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $967,169

• 6d · Net rental income or loss

  total $967,169 · excluded $967,169

• 7a · Gross sales of assets other than inventory

  securities $156,275,150

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

  securities $159,105,912

• 7c · Gain or loss

  securities -$2,830,762

• 7d · Net gain or loss

  total -$2,830,762 · excluded -$2,830,762

• 8a · Fundraising events: gross income

  $33,221

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

  $269,189

• 8b · Fundraising events: direct expenses

  $67,329

• 8c · Net income from fundraising events

  total -$34,108 · excluded -$34,108

• 11a · Other revenue: CAFETERIA REVENUE

  total $1,035,925 · excluded $1,035,925

• 11b · Other revenue: PARKING REVENUE

  total $972,093 · excluded $972,093

• 11c · Other revenue: GIFT SHOP REVENUE

  total $46,770 · excluded $46,770

• 11e · Other revenue, total

  $2,054,788

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $246,220 · program services $246,220

• 5 · Compensation of officers, directors and key employees

  total $6,443,706 · program services $1,478,280 · management and general $4,965,426

• 7 · Other salaries and wages

  total $128,630,171 · program services $115,026,372 · management and general $13,603,799

• 8 · Pension plan contributions

  total $4,857,520 · program services $4,686,605 · management and general $170,915

• 9 · Other employee benefits

  total $11,243,359 · program services $10,180,497 · management and general $1,062,862

• 10 · Payroll taxes

  total $9,833,341 · program services $8,541,796 · management and general $1,291,545

• 11b · Fees: legal

  total $682,116 · management and general $682,116

• 11c · Fees: accounting

  total $186,645 · management and general $186,645

• 11f · Fees: investment management

  total $254,667 · management and general $254,667

• 11g · Fees: other

  total $75,899,527 · program services $66,467,338 · management and general $9,432,189

• 12 · Advertising and promotion

  total $121,953 · management and general $121,953

• 13 · Office expenses

  total $11,944,824 · program services $10,376,365 · management and general $1,568,459

• 14 · Information technology

  total $7,649,733 · program services $6,630,789 · management and general $1,018,944

• 16 · Occupancy

  total $4,763,056 · program services $4,763,056

• 17 · Travel

  total $178,019 · program services $10,847 · management and general $167,172

• 19 · Conferences, conventions and meetings

  total $108,584 · program services $30,082 · management and general $78,502

• 20 · Interest

  total $1,247,618 · management and general $1,247,618

• 22 · Depreciation, depletion and amortization

  total $12,407,390 · program services $10,754,726 · management and general $1,652,664

• 23 · Insurance

  total $6,376,588 · program services $5,527,226 · management and general $849,362

• 24a · Other expenses: CAPITATION EXPENSES

  total $147,467,802 · program services $147,467,802

• 24b · Other expenses: PROVIDER PROGRAM FEES

  total $31,822,454 · program services $31,822,454

• 24c · Other expenses: MEDICAL SUPPLIES

  total $30,987,135 · program services $30,987,135

• 24d · Other expenses: OTHER CONTROLLABLE EXP

  total $16,633,748 · program services $5,621,698 · management and general $11,012,050

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $12,287,315 · end of year $22,413,898

• 2 · Savings and temporary cash investments

  beginning of year $23,169,819 · end of year $172,546

• 3 · Pledges and grants receivable

  beginning of year $904,380 · end of year $904,380

• 4 · Accounts receivable

  beginning of year $29,437,758 · end of year $32,202,441

• 8 · Inventories for sale or use

  beginning of year $7,452,016 · end of year $6,765,620

• 9 · Prepaid expenses and deferred charges

  beginning of year $5,240,439 · end of year $5,366,489

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

  $395,208,527

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

  $251,016,828

• 10c · Land, buildings and equipment, net

  beginning of year $119,115,861 · end of year $144,191,699

• 11 · Investments: publicly traded securities

  beginning of year $355,398,684 · end of year $240,556,762

• 13 · Investments: program-related

  beginning of year $310,232 · end of year $0

• 14 · Intangible assets

  beginning of year $878,784 · end of year $0

• 15 · Other assets

  beginning of year $111,108,166 · end of year $112,383,401

• 17 · Accounts payable and accrued expenses

  beginning of year $45,664,194 · end of year $55,509,844

• 23 · Secured mortgages and notes payable

  beginning of year $13,868,472 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $14,742,742 · end of year $106,631

• 25 · Other liabilities

  beginning of year $97,675,624 · end of year $102,241,079

• 27 · Net assets without donor restrictions

  beginning of year $491,332,129 · end of year $404,908,877

• 28 · Net assets with donor restrictions

  beginning of year $2,020,293 · end of year $2,190,805

The filer's explanations (Part III)

PART I, LINE 4B

SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: THE ORGANIZATION MAINTAINS A 457(F) PLAN AVAILABLE TO CERTAIN EXECUTIVES OF THE ORGANIZATION. DURING THE 2022 CALENDAR YEAR, THE ORGANIZATION MADE THE FOLLOWING CONTRIBUTIONS TO THE PLAN ON BEHALF OF THE FOLLOWING INDIVIDUALS, WHICH IS REPORTED AS "RETIREMENT AND OTHER DEFERRED COMPENSATION" ON SCHEDULE J, PART II, COLUMN (C): GUSTAVO VALDESPINO - $210,283 LORI CARDLE - $124,025 JANICE KLOSTERMEIER - $81,566 LORI BURNELL - $72,553 HANNAH GROSSMAN, MD - $74,007 TAMALA CHOMA - $45,726 TONY EVANS - $37,988 DIANA MILAN-FINLEY - $22,848 IN ADDITION, DUE TO VESTING OF THE 457(F) PLAN IN 2022, THE FOLLOWING INDIVIDUALS RECOGNIZED THE FOLLOWING AMOUNTS AS TAXABLE COMPENSATION, WHICH HAS BEEN REPORTED AS "OTHER REPORTABLE COMPENSATION" ON SCHEDULE J, PART II, COLUMN (B)(III) AS WELL AS ON SCHEDULE J, PART II, COLUMN (F), AS THESE AMOUNTS (EXCLUDING EARNINGS WITHIN THE PLAN, WHICH MAY HAVE BEEN INCLUDED IN THE VESTED AMOUNT BUT WERE UNABLE TO BE SEPARATED OUT) WERE REPORTED AS DEFERRED COMPENSATION IN A PRIOR YEAR: LORI CARDLE - $307,225 JANICE KLOSTERMEIER - $411,429 LORI BURNELL - $203,057

PART I, LINE 6

VALLEY PRESBYTERIAN HOSPITAL HAS AN INCENTIVE (BONUS) PLAN AVAILABLE FOR EXECUTIVE TEAM MEMBERS AND HOSPITAL DEPARTMENT DIRECTORS. PAYMENT OF ANY BONUS IS CONTINGENT ON SEVERAL CRITERIA, INCLUDING: EARNINGS BEFORE INTEREST, DEPRECIATION, AND AMORTIZATION (EBIDA); QUALITY; EMPLOYEE ENGAGEMENT; AND PATIENT SATISFACTION SCORES, WHICH ARE BENCHMARKED BY ACHIEVING SPECIFIC MEASURES ON AN ANNUAL BASIS.

Related corporations and trusts

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

• CHARITABLE REMAINDER TRUSTS (4)

  CHARITABLE GIVING · CA · controlled entity

  Directly controlled by VPH

• VALLEY PRESBYTERIAN SERVICES CORPORATION

  C · MANAGEMENT SERVICE ORGANIZATION · CA · 100% owned · share of income $514,171 · controlled entity

  Directly controlled by VPH