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Nonprofiteer
← THE VALLEY HOSPITAL ASSOCIATION INC

Form 990 for tax year 2022

Filed by THE VALLEY HOSPITAL ASSOCIATION INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 8 November 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$72,860,061
Total expenses
$25,131,404
Contributions and grants received
$19,253,541
Grants paid
$15,227,140
Program service revenue
$45,278,532
Investment income
$6,834,963
Other revenue
$1,493,025
Total assets, end of year
$341,754,733
Total liabilities, end of year
$8,687,406
Net assets or fund balances, end of year
$333,067,327
Program services expenses (Part IX)
$21,364,197
Management and general expenses
$3,767,207
Fundraising expenses
$0
Program service expenses (Part III)
$21,364,197

Program services were 85.0% 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.

  • 1a · Federated campaigns

    $19,800

  • 1b · Membership dues

    $1,835

  • 1e · Government grants (contributions)

    $4,039,922

  • 1f · All other contributions, gifts and grants

    $15,191,984

  • 2a · Program service revenue: MAT-SU VALLEY MEDICAL CENTER

    total $46,709,564 · related or exempt $46,709,564

  • 2b · Program service revenue: MAT-SU VALLEY MEDICAL CENTER III

    total -$1,431,032 · related or exempt -$1,431,032

  • 3 · Investment income

    total $6,508,434 · excluded $6,508,434

  • 6a · Gross rents

    real property $723,383

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $723,383

  • 6d · Net rental income or loss

    total $723,383 · excluded $723,383

  • 7a · Gross sales of assets other than inventory

    securities $24,580,686 · other assets $780,116

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

    securities $24,638,201 · other assets $396,072

  • 7c · Gain or loss

    securities -$57,515 · other assets $384,044

  • 7d · Net gain or loss

    total $326,529 · excluded $326,529

  • 11a · Other revenue: SUSITNA SURGERY

    total $769,642 · unrelated business $798,172 · excluded -$28,530

  • 11e · Other revenue, total

    $769,642

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,427,195 · program services $13,427,195

  • 2 · Grants to domestic individuals

    total $1,799,945 · program services $1,799,945

  • 5 · Compensation of officers, directors and key employees

    total $488,677 · management and general $488,677

  • 7 · Other salaries and wages

    total $3,162,325 · program services $2,516,862 · management and general $645,463

  • 8 · Pension plan contributions

    total $100,088 · program services $65,956 · management and general $34,132

  • 9 · Other employee benefits

    total $459,463 · program services $321,074 · management and general $138,389

  • 10 · Payroll taxes

    total $221,639 · program services $156,809 · management and general $64,830

  • 11b · Fees: legal

    total $147,150 · management and general $147,150

  • 11c · Fees: accounting

    total $103,347 · management and general $103,347

  • 11d · Fees: lobbying

    total $30,000 · management and general $30,000

  • 11f · Fees: investment management

    total $262,250 · management and general $262,250

  • 11g · Fees: other

    total $1,688,726 · program services $1,688,726

  • 12 · Advertising and promotion

    total $429,402 · management and general $429,402

  • 13 · Office expenses

    total $56,751 · program services $7,163 · management and general $49,588

  • 14 · Information technology

    total $288,240 · program services $266,633 · management and general $21,607

  • 16 · Occupancy

    total $417,992 · program services $382,056 · management and general $35,936

  • 17 · Travel

    total $51,262 · program services $29,026 · management and general $22,236

  • 19 · Conferences, conventions and meetings

    total $36,945 · program services $28,099 · management and general $8,846

  • 20 · Interest

    total $896,000 · management and general $896,000

  • 22 · Depreciation, depletion and amortization

    total $543,912 · program services $494,345 · management and general $49,567

  • 23 · Insurance

    total $92,158 · management and general $92,158

  • 24a · Other expenses: CONTRACT LABOR

    total $213,002 · program services $90,811 · management and general $122,191

  • 24b · Other expenses: BOARD EXPENSES

    total $92,158 · management and general $92,158

  • 24c · Other expenses: MEETING EXPENSES

    total $48,531 · program services $48,531

  • 24e · All other expenses

    total $74,246 · program services $40,966 · management and general $33,280

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $30,194,490 · end of year $22,567,964

  • 4 · Accounts receivable

    beginning of year $482,101 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $10,892,352

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35,455 · end of year $87,703

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

    $28,308,846

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

    $2,259,012

  • 10c · Land, buildings and equipment, net

    beginning of year $26,989,818 · end of year $26,049,834

  • 11 · Investments: publicly traded securities

    beginning of year $178,856,897 · end of year $182,805,860

  • 12 · Investments: other securities

    beginning of year $1,643,708 · end of year $2,130,419

  • 13 · Investments: program-related

    beginning of year $91,887,893 · end of year $97,220,601

  • 17 · Accounts payable and accrued expenses

    beginning of year $731,326 · end of year $140,197

  • 18 · Grants payable

    beginning of year $4,894,204 · end of year $3,217,977

  • 19 · Deferred revenue

    beginning of year $1,167,580 · end of year $200,271

  • 23 · Secured mortgages and notes payable

    beginning of year $6,044,134 · end of year $5,117,455

  • 25 · Other liabilities

    beginning of year $11,506 · end of year $11,506

  • 27 · Net assets without donor restrictions

    beginning of year $317,241,612 · end of year $333,067,327

Mission and programs · 2022

Mission

THE PRIMARY EXEMPT PURPOSE IS THE PROVISION OF MEDICAL SERVICES TO AREA RESIDENTS THROUGH A PARTNERSHIP WITH THE MAT-SU VALLEY MEDICAL CENTER AND GRANTS TO COMMUNITY ORGANIZATIONS.

  • THE REPORTING ORGANIZATION INCREASES ACCESS TO MEDICAL CARE, SOCIAL SERVICES, COMMUNITY SUPPORTS AND PREVENTION ACTIVITIES THROUGH BOTH THE PROVISION OF MEDICAL SERVICES AND GRANTS TO COMMUNITY ORGANIZATIONS FURTHERING THE PURPOSE OF IMPROVING THE HEALTH AND WELLNESS OF MATANUSKA-SUSITNA RESIDENTS.

    Expenses $21,364,197 · Grants $15,227,140

  • INVESTMENT IN MAT-SU VALLEY MEDICAL CENTER, LLC, JOINT VENTURE.

    Revenue $45,278,532

As filed on the 2022 return.

Listed in Part VII

  • LEBRON MCPHAIL

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • LISA WADE

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • TERI NAMTVEDT

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • TAMMY BRUCE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARISA CHUD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RAELYNN DANIELOWSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR BARB DOTY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GREG JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEITH KEHOE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PHILIP LICHT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SAMMYE POKRYFKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD PORTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LISA SMAYDA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH RIPLEY

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $261,409
    From this org
    $249,885
    From related orgs
    $0
    Other
    $11,524
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $249,885
    Bonus
    $0
    Other
    $0
    Deferred
    $9,995
    Nontaxable benefits
    $1,529
    Filer's total
    $261,409

  • EVIE SHIELDS

    INTERIM CHIEF FINANCIAL OFFICER

    Total calculated
    $142,900
    From this org
    $136,030
    From related orgs
    $0
    Other
    $6,870
    Hours/week
    40

  • CHRISTOPHER EMOND

    CHIEF FINANCIAL OFFICER (THRU 4/22)

    Total calculated
    $84,367
    From this org
    $70,983
    From related orgs
    $0
    Other
    $13,384
    Hours/week
    40

  • KAREN KONEMANN

    VP OF PROGRAMS

    Total calculated
    $177,230
    From this org
    $159,038
    From related orgs
    $0
    Other
    $18,192
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,538
    Bonus
    $2,500
    Other
    $0
    Deferred
    $6,262
    Nontaxable benefits
    $11,930
    Filer's total
    $177,230

  • JAMES BECK

    SENIOR PROGRAM OFFICER

    Total calculated
    $176,607
    From this org
    $157,040
    From related orgs
    $0
    Other
    $19,567
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,540
    Bonus
    $2,500
    Other
    $0
    Deferred
    $6,182
    Nontaxable benefits
    $13,385
    Filer's total
    $176,607

  • ROBIN MINARD

    CHIEF COMMUNICATIONS OFFICER

    Total calculated
    $174,520
    From this org
    $143,286
    From related orgs
    $0
    Other
    $31,234
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,786
    Bonus
    $2,500
    Other
    $0
    Deferred
    $5,631
    Nontaxable benefits
    $25,603
    Filer's total
    $174,520

  • RAY MICHAELSON

    PROGRAM OFFICER

    Total calculated
    $136,645
    From this org
    $130,053
    From related orgs
    $0
    Other
    $6,592
    Hours/week
    40

  • VANDANA INGLE

    SENIOR PROGRAM OFFICER

    Total calculated
    $158,895
    From this org
    $121,330
    From related orgs
    $0
    Other
    $37,565
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,830
    Bonus
    $2,500
    Other
    $0
    Deferred
    $4,862
    Nontaxable benefits
    $32,703
    Filer's total
    $158,895

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 committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
MANAGEMENT APPROVES BONUSES FOR EMPLOYEES EXCEPT FOR THE CEO AS AN ACKNOWLEDGEMENT FOR THEIR HARD WORK, DEDICATION AND IMPACT TO THE ORGANIZATION. THEY ARE PRORATED BASED UPON TIME WITH THE ORGANIZATION FOR NEW EMPLOYEES.

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

  • ONWARD & UPWARD INC

    $1,420,300

    ONWARD & UPWARDS 2025 STRATEGIC PLAN: ACHIEVING COMMUNITY IMPACT-AT-SCALE AND FINANCIAL INDEPENDENCE; CONFRONTING THE YOUTH MENTAL HEALTH CRISIS IN THE MAT-SU; ONWARD & UPWARDS 2022 CAPITAL ASSESSMENT PROJECT

  • WASILLA AREA SENIORS INC (WASI)

    $801,329

    ADULT DAY SERVICE START-UP AND OPERATING FUNDING; HOME-DELIVERED MEALS DURING COVID; SERVICES FOR SENIORS AND CASE MANAGEMENT; WASI LAND TRANSFER

  • MAT-SU FOOD BANK

    $664,895

    THE MATSU FOOD BANK EXPANSION PROJECT

  • LINKS MAT-SU PARENT RESOURCE CENTER

    $658,905

    LINKS COVID IT INFRASTRUCTURE CONTRACT & SUPPORT; LINKS/HUMS OPERATING COSTS 2022; AGING AND DISABILITY RESOURCE CENTER 2022-23

  • SKEETAWK

    $642,851

    CONTINUED BUILDING OF SKEETAWK SKI AREA FOR PHYSICAL AND MENTAL HEALTH OF MAT-SU RESIDENTS

  • MAT-SU TRAILS & PARKS FOUNDATION

    $562,555

    GENERAL SUPPORT

  • SUNSHINE COMMUNITY HEALTH CENTER

    $507,956

    COVID-19 TESTING AND VACCINES SUPPORT; BEHAVIORAL HEALTH IN SCHOOLS SY 21-22; LEADERSHIP DEVELOPMENT AND CULTURE TRANSFORMATION; FAMILIES IN CRISIS FUND; ANNUAL BACK TO SCHOOL WELLNESS EVENT; QUALIFIED EMPLOYEE RETENTION; HEALTHY LEARNING AND DEVELOPMENT

  • ALASKAN AIDS ASSISTANCE ASSOCIATION

    $458,382

    MAT-SU FOUR A'S SYRINGE ACCESS PROGRAM M-FASAP; VACCINATION & TESTING PROMOTION AND ACCESS FOR TRANSIENT PEOPLE

  • FRONTLINE MISSION

    $378,750

    HIGH LEVEL LEADERSHIP SALARY; CAPSTONE CLINIC BRINGING HOPE RADIOTHON; GIVING FROM THE HEART THANKSGIVING DINNER & ADOPT-A-BOX FEED A FAMILY PROGRAM

  • ALASKA COALITION ON HOUSING AND HOMELESSNESS

    $368,000

    MAT-SU YOUTH SUPPORT SPECIALIST AND YAB SUPPORT

The 10 largest by cash amount. The API serves every itemized grant.

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 corporations and trusts

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

  • VALLEY HEALTH SERVICES INC

    C · DORMANT HOLDING CORPORATION · AK · 100% owned · controlled entity

    Directly controlled by VALLEY HOSPITAL ASSOCIATION INC

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202323189349314412

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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