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Nonprofiteer
← SAN LUIS VALLEY REGIONAL MEDICAL CENTER

Form 990 for tax year 2023

Filed by SAN LUIS VALLEY REGIONAL MEDICAL CENTER.

Totals

Total revenue
$130,445,539
Total expenses
$128,050,033
Contributions and grants received
$1,613,144
Grants paid
$77,116
Program service revenue
$127,630,574
Investment income
$504,599
Other revenue
$697,222
Total assets, end of year
$117,181,584
Total liabilities, end of year
$29,540,649
Net assets or fund balances, end of year
$87,640,935
Program services expenses (Part IX)
$101,569,467
Management and general expenses
$25,969,739
Fundraising expenses
$510,827
Program service expenses (Part III)
$101,569,467

Program services were 79.3% 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.

  • 1d · Related organizations

    $58,683

  • 1e · Government grants (contributions)

    $563,423

  • 1f · All other contributions, gifts and grants

    $991,038

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $124,577,513 · related or exempt $124,577,513

  • 2b · Program service revenue: AMBULANCE DISTRICT REVENUE

    total $683,389 · related or exempt $683,389

  • 2c · Program service revenue: 340B PAYMENTS

    total $1,441,113 · related or exempt $1,441,113

  • 2d · Program service revenue: OTHER REVENUE

    total $928,559 · related or exempt $928,559

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $504,599 · excluded $504,599

  • 6a · Gross rents

    real property $79,616

  • 6b · Less rental expenses

    real property $160,166

  • 6c · Rental income or loss

    real property -$80,550 · personal property $0

  • 6d · Net rental income or loss

    total -$80,550 · unrelated business -$42,425 · excluded -$38,125

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: CAFETERIA SALES

    total $396,029 · excluded $396,029

  • 11b · Other revenue: Rural Connectivity Program

    total $180,000 · related or exempt $180,000

  • 11c · Other revenue: Miscellaneous Revenue

    total $144,923 · related or exempt $144,122 · excluded $801

  • 11d · All other revenue

    total $56,820 · related or exempt $0 · unrelated business $0 · excluded $56,820

  • 11e · Other revenue, total

    $777,772

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $29,064 · program services $29,064

  • 2 · Grants to domestic individuals

    total $48,052 · program services $48,052

  • 5 · Compensation of officers, directors and key employees

    total $3,461,774 · program services $2,183,038 · management and general $1,265,874 · fundraising $12,862

  • 6 · Compensation of disqualified persons

    total $68,623 · program services $68,623

  • 7 · Other salaries and wages

    total $50,880,315 · program services $38,971,775 · management and general $11,788,701 · fundraising $119,839

  • 8 · Pension plan contributions

    total $1,620,934 · program services $1,255,685 · management and general $356,990 · fundraising $8,259

  • 9 · Other employee benefits

    total $6,413,598 · program services $4,919,243 · management and general $1,462,145 · fundraising $32,210

  • 10 · Payroll taxes

    total $3,916,782 · program services $2,995,163 · management and general $902,035 · fundraising $19,584

  • 11b · Fees: legal

    total $99,429 · management and general $99,429

  • 11c · Fees: accounting

    total $150,000 · management and general $150,000

  • 11d · Fees: lobbying

    total $9,392 · management and general $9,392

  • 11g · Fees: other

    total $16,437,645 · program services $12,914,351 · management and general $3,523,294 · fundraising $0

  • 12 · Advertising and promotion

    total $146,177 · program services $104,594 · management and general $41,583

  • 13 · Office expenses

    total $2,965,170 · program services $2,239,116 · management and general $724,416 · fundraising $1,638

  • 14 · Information technology

    total $746,644 · program services $245,587 · management and general $500,383 · fundraising $674

  • 16 · Occupancy

    total $1,235,589 · program services $64,021 · management and general $1,171,568

  • 17 · Travel

    total $465,991 · program services $251,090 · management and general $214,901

  • 19 · Conferences, conventions and meetings

    total $84,747 · management and general $84,747

  • 20 · Interest

    total $785,022 · program services $588,766 · management and general $196,256

  • 22 · Depreciation, depletion and amortization

    total $5,467,899 · program services $4,057,029 · management and general $1,410,870

  • 23 · Insurance

    total $1,176,140 · program services $435,301 · management and general $740,839

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $20,830,211 · program services $20,830,211

  • 24b · Other expenses: PROVIDER FEES

    total $6,920,952 · program services $6,920,952

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $2,882,485 · program services $1,597,684 · management and general $1,284,801

  • 24d · Other expenses: BOOKS/DUES/SUBSCRIPTIONS

    total $653,450 · program services $611,935 · management and general $41,515

  • 24e · All other expenses

    total $553,948 · program services $238,187 · management and general $0 · fundraising $315,761

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,235,185 · end of year $3,382,739

  • 2 · Savings and temporary cash investments

    beginning of year $7,747,926 · end of year $7,815,420

  • 3 · Pledges and grants receivable

    beginning of year $244,486 · end of year $196,860

  • 4 · Accounts receivable

    beginning of year $17,502,307 · end of year $21,398,651

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $3,585,112 · end of year $3,535,486

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,033,261 · end of year $2,873,204

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

    $112,406,127

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

    $60,630,343

  • 10c · Land, buildings and equipment, net

    beginning of year $55,268,125 · end of year $51,775,784

  • 11 · Investments: publicly traded securities

    beginning of year $21,652,584 · end of year $23,127,458

  • 12 · Investments: other securities

    beginning of year $12,000 · end of year $12,000

  • 13 · Investments: program-related

    beginning of year $666,028 · end of year $916,452

  • 15 · Other assets

    beginning of year $2,831,277 · end of year $2,147,530

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,787,707 · end of year $10,797,918

  • 19 · Deferred revenue

    beginning of year $239,349 · end of year $225,030

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $17,717,743 · end of year $15,998,490

  • 25 · Other liabilities

    beginning of year $3,113,138 · end of year $2,519,211

  • 27 · Net assets without donor restrictions

    beginning of year $83,254,301 · end of year $86,724,457

  • 28 · Net assets with donor restrictions

    beginning of year $666,053 · end of year $916,478

Mission and programs · 2023

Mission

AN UNCONDITIONAL COMMITMENT TO EXCELLENCE BY PROVIDING QUALITY, COMPASSIONATE CARE GUIDED BY OUR VALUES. WE ACCEPT RESPONSIBILITY FOR PROVIDING SERVICES TO OUR COMMUNITY THAT ARE OF THE HIGHEST CALIBER OF SERVICE AND STANDARD PERFORMANCE, WHILE DEMONSTRATING OUR ADOPTED VALUES.

Activities or mission (Part I)

To be a premier, fully integrated rural health care system providing exceptional patient-centered services to the San Luis Valley.

  • SEE SCHEDULE O

    Expenses $101,569,467 · Grants $77,116 · Revenue $127,954,696

As filed on the 2023 return.

Listed in Part VII

  • Jim Ehrlich

    Vice President

    Total calculated
    $700
    From this org
    $700
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Karla Hardesty

    President

    Total calculated
    $0
    Hours/week
    2

  • Kendall Knaus

    Sec/Treas

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Cheri Crowder

    Trustee

    Total calculated
    $700
    From this org
    $700
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Dennard Ellison

    trustee, Physician

    Total calculated
    $525,834
    From this org
    $483,917
    From related orgs
    $0
    Other
    $41,917
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $446,713
    Bonus
    $36,483
    Other
    $721
    Deferred
    $15,900
    Nontaxable benefits
    $26,017
    Filer's total
    $525,834

  • Donald Shawcroft

    Trustee

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Jan Gay

    Trustee

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Kasey Russell

    Trustee

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Kathy Lorenz

    Trustee

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Patrick Crowder

    Trustee

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Rosalie Martinez

    Trustee

    Total calculated
    $900
    From this org
    $900
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Susan Geiger

    trustee, Physician

    Total calculated
    $800
    From this org
    $800
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Antonio Gurule

    CLINIC ADMINISTRATOR

    Total calculated
    $247,107
    From this org
    $224,544
    From related orgs
    $0
    Other
    $22,563
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,237
    Bonus
    $36,586
    Other
    $721
    Deferred
    $11,184
    Nontaxable benefits
    $11,379
    Filer's total
    $247,107

  • Carmelo Hernandez

    CMO

    Total calculated
    $479,416
    From this org
    $437,308
    From related orgs
    $0
    Other
    $42,108
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $355,784
    Bonus
    $80,793
    Other
    $731
    Deferred
    $16,221
    Nontaxable benefits
    $25,887
    Filer's total
    $479,416

  • Christine Hettinger-Hunt

    COO

    Total calculated
    $279,564
    From this org
    $249,158
    From related orgs
    $0
    Other
    $30,406
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,185
    Bonus
    $42,252
    Other
    $721
    Deferred
    $11,893
    Nontaxable benefits
    $18,513
    Filer's total
    $279,564

  • Konnie Martin

    CEO

    Total calculated
    $579,915
    From this org
    $544,424
    From related orgs
    $0
    Other
    $35,491
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $416,824
    Bonus
    $126,879
    Other
    $721
    Deferred
    $16,500
    Nontaxable benefits
    $18,991
    Filer's total
    $579,915

  • Roberta Bean

    COO

    Total calculated
    $262,942
    From this org
    $232,546
    From related orgs
    $0
    Other
    $30,396
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,601
    Bonus
    $37,224
    Other
    $721
    Deferred
    $11,921
    Nontaxable benefits
    $18,475
    Filer's total
    $262,942

  • Shane Mortensen

    CFO

    Total calculated
    $297,676
    From this org
    $265,516
    From related orgs
    $0
    Other
    $32,160
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $220,201
    Bonus
    $44,594
    Other
    $721
    Deferred
    $13,598
    Nontaxable benefits
    $18,562
    Filer's total
    $297,676

  • Zachary Weiderspon

    CCH ADMINISTRATOR

    Total calculated
    $198,689
    From this org
    $181,618
    From related orgs
    $0
    Other
    $17,071
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,399
    Bonus
    $30,498
    Other
    $721
    Deferred
    $8,825
    Nontaxable benefits
    $8,246
    Filer's total
    $198,689

  • Carissa Tripi

    Physician

    Total calculated
    $676,550
    From this org
    $640,886
    From related orgs
    $0
    Other
    $35,664
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $540,142
    Bonus
    $100,023
    Other
    $721
    Deferred
    $16,500
    Nontaxable benefits
    $19,164
    Filer's total
    $676,550

  • Carla Christ

    Physician

    Total calculated
    $619,718
    From this org
    $594,192
    From related orgs
    $0
    Other
    $25,526
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $497,471
    Bonus
    $96,000
    Other
    $721
    Deferred
    $16,500
    Nontaxable benefits
    $9,026
    Filer's total
    $619,718

  • Jason Defee

    Physician

    Total calculated
    $672,423
    From this org
    $629,698
    From related orgs
    $0
    Other
    $42,725
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $589,376
    Bonus
    $39,601
    Other
    $721
    Deferred
    $16,500
    Nontaxable benefits
    $26,225
    Filer's total
    $672,423

  • Julian Maendel

    Physician

    Total calculated
    $594,815
    From this org
    $557,210
    From related orgs
    $0
    Other
    $37,605
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $490,353
    Bonus
    $66,136
    Other
    $721
    Deferred
    $16,500
    Nontaxable benefits
    $21,105
    Filer's total
    $594,815

  • Justin Buchholz

    Physician

    Total calculated
    $499,127
    From this org
    $458,271
    From related orgs
    $0
    Other
    $40,856
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $339,512
    Bonus
    $118,038
    Other
    $721
    Deferred
    $14,996
    Nontaxable benefits
    $25,860
    Filer's total
    $499,127

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 6a · Pay contingent on this organization's net earnings
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 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 6a Compensation contingent on net earnings of the organization
ALL ORGANIZATIONAL OFFICERS, AS WELL AS DIRECTORS, ARE ELIGIBLE FOR AN ANNUAL VARIABLE PAY BONUS BASED UPON A NUMBER OF MEASURES, ONE OF THEM BEING THAT THE ORGANIZATION AS A WHOLE MEETS BUDGETED PROFITABILITY.
Schedule J, Part I, Line 7 Non-fixed payments
PHYSICIANS MAY EARN A PRODUCTIVITY BONUS. SENIOR MANAGEMENT IS ELIGIBLE FOR ANNUAL VARIABLE PAY UP TO 35% FOR CEO AND 20% FOR ALL OTHER SENIOR MANAGEMENT BASED UPON CRITERIA INCLUDING HOSPITAL WIDE MEASURES AND POSITION SPECIFIC GOALS. VARIABLE PAY IS AWARDED AT THE DISCRETION OF THE BOARD FOR THE CEO AND THE CEO FOR ALL OTHER SENIOR MANAGEMENT.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
2 May 2025
IRS schema version
2023v6.0
Source object
202541229349302219

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