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Nonprofiteer
← VALLEY CHILDRENS HEALTHCARE

Form 990 for tax year 2022

Filed by VALLEY CHILDRENS HEALTHCARE.

Totals

Total revenue
$20,392,095
Total expenses
$18,128,835
Contributions and grants received
$70,000
Grants paid
$0
Program service revenue
$20,182,843
Investment income
$139,252
Other revenue
$0
Total assets, end of year
$12,768,786
Total liabilities, end of year
$5,312,988
Net assets or fund balances, end of year
$7,455,798
Program services expenses (Part IX)
$4,029,758
Management and general expenses
$14,099,077
Fundraising expenses
$0
Program service expenses (Part III)
$4,029,758

Program services were 22.2% 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

    $70,000

  • 2a · Program service revenue: MGMT FEE INC FROM AFFLIATED ORGAN

    total $16,824,818 · related or exempt $16,824,818

  • 2b · Program service revenue: INSURANCE INCOME

    total $3,358,025 · related or exempt $3,358,025

  • 3 · Investment income

    total $139,252 · excluded $139,252

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $10,751,842 · management and general $10,751,842

  • 8 · Pension plan contributions

    total $666,512 · management and general $666,512

  • 9 · Other employee benefits

    total $1,233,947 · management and general $1,233,947

  • 10 · Payroll taxes

    total $854,119 · management and general $854,119

  • 11a · Fees: management

    total $431,162 · program services $97,068 · management and general $334,094

  • 11b · Fees: legal

    total $5,816 · program services $5,816

  • 11c · Fees: accounting

    total $45,710 · program services $24,570 · management and general $21,140

  • 11g · Fees: other

    total $28,000 · program services $28,000

  • 12 · Advertising and promotion

    total $2,725,741 · program services $2,725,741

  • 13 · Office expenses

    total $313 · program services $313

  • 16 · Occupancy

    total $2,845 · management and general $2,845

  • 17 · Travel

    total $229,286 · program services $11,876 · management and general $217,410

  • 23 · Insurance

    total $1,136,024 · program services $1,136,024

  • 24a · Other expenses: TAXES & LICENSES

    total $11,675 · management and general $11,675

  • 24e · All other expenses

    total $5,843 · program services $350 · management and general $5,493

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,489,805 · end of year $8,518,869

  • 9 · Prepaid expenses and deferred charges

    beginning of year $821,667 · end of year $884,153

  • 11 · Investments: publicly traded securities

    beginning of year $3,226,512 · end of year $3,365,764

  • 17 · Accounts payable and accrued expenses

    beginning of year $235,024 · end of year $21,188

  • 25 · Other liabilities

    beginning of year $3,562,039 · end of year $5,291,800

  • 27 · Net assets without donor restrictions

    beginning of year $5,740,921 · end of year $7,455,798

Mission and programs · 2022

Mission

TO SUPPORT HEALTH CARE ACTIVITIES AND PROGRAMS FOR THE BENEFIT OF, AND TO PROVIDE HEALTH CARE SERVICES TO, CHILDREN AND ADULTS IN CENTRAL CALIFORNIA WITH DISEASES, DISORDERS AND OTHER HEALTH PROBLEMS OF PEDIATRIC ORIGIN, AND TO ENHANCE THE WELL-BEING OF CHILDREN IN THOSE COMMUNITIES THROUGH COMPASSIONATE CARE, EXCELLENCE, AND INNOVATION IN HEALTH CARE SERVICES, RESEARCH, AND EDUCATION.

Activities or mission (Part I)

TO SUPPORT HEALTH CARE ACTIVITIES AND PROGRAMS AND TO PROVIDE HEALTH CARE SERVICES TO CHILDREN AND ADULTS IN CENTRAL CALIFORNIA WITH DISEASES, DISORDERS AND OTHER HEALTH PROBLEMS OF PEDIATRIC ORIGIN.

  • TO PROVIDE MANAGEMENT SERVICES TO ITS AFFILIATED ENTITIES.

    Expenses $2,725,741 · Revenue $16,824,818

  • TO PROVIDE PROFESSIONAL AND GENERAL LIABILITY INSURANCE SERVICES TO AFFILIATED ENTITIES.

    Expenses $1,304,017 · Revenue $3,358,025

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Todd Suntrapak

    CEO/PRESIDENT

    Total calculated
    $3,051,622
    From this org
    $0
    From related orgs
    $2,989,322
    Other
    $62,300
    Hours/week
    36 + 24 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,697,554 related
    Bonus
    $0 + $1,055,670 related
    Other
    $0 + $236,098 related
    Deferred
    $0 + $28,380 related
    Nontaxable benefits
    $0 + $33,920 related
    Filer's total
    $0 + $3,051,622 related

  • Bill Smittcamp

    CHAIR

    Total calculated
    $0
    Hours/week
    1.3 + 1 related

  • Michael Hanson

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1.3 + 1 related

  • Susan Hensley

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.8

  • Jeannine Grech

    TRUSTEE (THRU 12/22)

    Total calculated
    $0
    Hours/week
    0.8 + 1 related

  • Brenden Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jose Elgorriaga

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8 + 1.3 related

  • Emily Rooney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8

  • Dan Adams

    TRUSTEE

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.8 + 1.6 related

  • Jim Yovino

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8

  • Michele Waldron

    CFO

    Total calculated
    $1,349,318
    From this org
    $0
    From related orgs
    $1,294,288
    Other
    $55,030
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $687,772 related
    Bonus
    $0 + $348,416 related
    Other
    $0 + $258,100 related
    Deferred
    $0 + $29,403 related
    Nontaxable benefits
    $0 + $25,627 related
    Filer's total
    $0 + $1,349,318 related

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
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
VALLEY CHILDREN'S HEALTHCARE ESTABLISHED THE COMPENSATION AND BENEFITS USING ALL OF THE METHODS INCLUDED ON LINE 3 EXCEPT "FORM 990 OF OTHER ORGANIZATIONS AND "WRITTEN EMPLOYMENT CONTRACT."
PART I, LINE 4B
VALLEY CHILDREN'S HOSPITAL, A RELATED ORGANIZATION, HAS FIVE SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS INCLUDING A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP), A DEFERRED COMPENSATION PLAN FOR SELECTED EXECUTIVES, A NON-CONTRIBUTORY, NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR A SELECT GROUP OF MANAGEMENT CALLED THE DEFINED CONTRIBUTION SUPPLEMENTAL EXEC RETIREMENT PLAN (DC SERP), A SPLIT-DOLLAR LIFE INSURANCE PROGRAM AVAILABLE TO KEY EXECUTIVES, AND AN ADDITIONAL DEFERRED COMPENSATION PLAN BENEFITTING CERTAIN KEY EXECUTIVES. TODD SUNTRAPAK PARTICIPATES IN THE SPLIT-DOLLAR LIFE INSURANCE PROGRAM.

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

No itemized grants to organizations 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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • VALLEY CHILDREN'S INSURANCE COMPANY LLC

    INSURANCE · HI · income $2,193,260 · assets $12,133,230

    Directly controlled by VALLEY CHILDREN'S HEALTHCARE

Related partnerships

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

  • COMPASS HEALTH ADMINISTRATORS LLC

    BENEFIT ADMIN · CA

  • FOWLER BUSINESS & PROFESSIONAL PARK LLC

    REAL ESTATE INVESTMENT · CA

Related corporations and trusts

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

  • VALLEY CHILDREN'S HOLDINGS I LLC

    C · INVESTING · CA · 100% owned · share of income -$323,335 · share of assets -$1,579,019 · controlled entity

    Directly controlled by VALLEY CHILDREN'S HEALTHCARE

  • FOWLER BUSINESS & PROFESSIONAL PARK PROPERTY OWNERS ASSOCIATION

    C · PROPERTY OWNERS ASSOCIATION · CA

Provenance

Return type
form_990
Tax year
2022
Filed
14 August 2024
IRS schema version
2022v5.0
Source object
202422289349302437

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