Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $4,590,460

• 1f · All other contributions, gifts and grants

  $245,048

• 1g · Noncash contributions included above

  $224,504

• 2a · Program service revenue: NET PATIENT REVENUE

  total $26,679,991 · related or exempt $26,679,991

• 2b · Program service revenue: CAPITATION REVENUE

  total $1,877,475 · related or exempt $1,877,475

• 3 · Investment income

  total $357,978 · excluded $357,978

• 6a · Gross rents

  real property $38,064

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $38,064

• 6d · Net rental income or loss

  total $38,064 · excluded $38,064

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

  other assets $935

• 7c · Gain or loss

  other assets -$935

• 7d · Net gain or loss

  total -$935 · excluded -$935

• 11a · Other revenue: OTHER INCOME

  total $68,657 · excluded $68,657

• 11b · Other revenue: MEDICAL RECORDS REVENUE

  total $26,957 · excluded $26,957

• 11e · Other revenue, total

  $95,614

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $15,488 · program services $15,488

• 5 · Compensation of officers, directors and key employees

  total $1,641,279 · program services $548,620 · management and general $1,092,659

• 7 · Other salaries and wages

  total $18,265,152 · program services $17,218,568 · management and general $1,046,584

• 8 · Pension plan contributions

  total $399,376 · program services $350,071 · management and general $49,305

• 9 · Other employee benefits

  total $2,797,081 · program services $2,296,400 · management and general $500,681

• 10 · Payroll taxes

  total $1,387,932 · program services $1,124,498 · management and general $263,434

• 11g · Fees: other

  total $2,298,273 · program services $1,224,486 · management and general $1,073,787

• 12 · Advertising and promotion

  total $335,267 · program services $224,022 · management and general $111,245

• 13 · Office expenses

  total $291,038 · program services $110,990 · management and general $180,048

• 16 · Occupancy

  total $906,301 · program services $710,003 · management and general $196,298

• 17 · Travel

  total $175,005 · program services $116,937 · management and general $58,068

• 19 · Conferences, conventions and meetings

  total $21,451 · program services $14,333 · management and general $7,118

• 20 · Interest

  total $174,341 · program services $174,341

• 22 · Depreciation, depletion and amortization

  total $753,366 · program services $675,123 · management and general $78,243

• 23 · Insurance

  total $99,635 · management and general $99,635

• 24a · Other expenses: MEDICAL SUPPLIES

  total $3,131,002 · program services $3,131,002

• 24b · Other expenses: EQUIPMENT

  total $702,276 · program services $673,669 · management and general $28,607

• 24c · Other expenses: DUES & SUBSCRIPTIONS

  total $580,433 · program services $387,840 · management and general $192,593

• 24d · Other expenses: LICENSES & PERMITS

  total $404,337 · program services $270,174 · management and general $134,163

• 24e · All other expenses

  total $498,492 · program services $408,624 · management and general $89,868

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,714,723 · end of year $2,459,838

• 2 · Savings and temporary cash investments

  beginning of year $4,163,706 · end of year $19,393,713

• 3 · Pledges and grants receivable

  beginning of year $633,998 · end of year $146,836

• 4 · Accounts receivable

  beginning of year $1,877,296 · end of year $2,061,280

• 8 · Inventories for sale or use

  beginning of year $345,055 · end of year $391,142

• 9 · Prepaid expenses and deferred charges

  beginning of year $241,770 · end of year $240,313

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

  $17,017,437

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

  $7,079,803

• 10c · Land, buildings and equipment, net

  beginning of year $8,415,185 · end of year $9,937,634

• 11 · Investments: publicly traded securities

  beginning of year $12,395,907 · end of year $2,509,873

• 15 · Other assets

  beginning of year $5,854 · end of year $709,628

• 17 · Accounts payable and accrued expenses

  beginning of year $2,301,527 · end of year $2,784,434

• 18 · Grants payable

  beginning of year $281,901 · end of year $245,678

• 21 · Escrow or custodial account liability

  beginning of year $5,854

• 23 · Secured mortgages and notes payable

  beginning of year $3,900,431 · end of year $3,810,509

• 25 · Other liabilities

  beginning of year $148,894 · end of year $4,351,766

• 27 · Net assets without donor restrictions

  beginning of year $27,154,887 · end of year $26,446,417

• 28 · Net assets with donor restrictions

  end of year $211,453

The filer's explanations (Part III)

PART I, LINE 1A

IN 2023, GAELON SPRADLEY RECEIVED TAX GROSS-UP PAYMENTS RELATED TO HIS LIFE INSURANCE PREMIUMS. THESE AMOUNTS WERE INCLUDED IN HIS TAXABLE COMPENSATION.

PART I, LINE 1B

THE DECISION TO PROVIDE TAX GROSS-UP PAYMENTS TO THE CEO WAS BASED ON DISCUSSION AND APPROVAL BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, RATHER THAN A WRITTEN POLICY.

PART I, LINE 7

IN 2023, VALLEY VIEW PROVIDED BONUSES TO ALL ACTIVE EMPLOYEES, WITH SPECIFIC AMOUNTS BEING BASED ON POSITION CATEGORIES AND PRO-RATED FOR PART-YEAR EMPLOYEES. AMOUNST WERE DETERMINED BY THE CEO AND THE BOARD OF DIRECTORS.