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Nonprofiteer
← THE VALLEY HOSPITAL ASSOCIATION INC

Form 990 for tax year 2023

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This return was superseded by a later amendment.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 2023 , 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
$59,626,200
Total expenses
$26,660,762
Contributions and grants received
$1,300,686
Grants paid
$17,289,795
Program service revenue
$50,357,278
Investment income
$6,605,248
Other revenue
$1,362,988
Total assets, end of year
$398,343,020
Total liabilities, end of year
$9,063,699
Net assets or fund balances, end of year
$389,279,321
Program services expenses (Part IX)
$22,068,212
Management and general expenses
$4,592,550
Fundraising expenses
$0
Program service expenses (Part III)
$22,068,212

Program services were 82.8% 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.

  • 1b · Membership dues

    $4,779

  • 1f · All other contributions, gifts and grants

    $1,295,907

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

    total $52,233,906 · related or exempt $52,233,906

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

    total -$1,876,628 · related or exempt -$1,876,628

  • 3 · Investment income

    total $7,052,324 · excluded $7,052,324

  • 6a · Gross rents

    real property $559,733

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $559,733

  • 6d · Net rental income or loss

    total $559,733 · excluded $559,733

  • 7a · Gross sales of assets other than inventory

    securities $79,922

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

    securities $526,998

  • 7c · Gain or loss

    securities -$447,076

  • 7d · Net gain or loss

    total -$447,076 · excluded -$447,076

  • 11a · Other revenue: SUSITNA SURGERY

    total $803,255 · unrelated business $892,243 · excluded -$88,988

  • 11e · Other revenue, total

    $803,255

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,013,240 · program services $15,013,240

  • 2 · Grants to domestic individuals

    total $2,276,555 · program services $2,276,555

  • 5 · Compensation of officers, directors and key employees

    total $619,609 · program services $134,086 · management and general $485,523

  • 7 · Other salaries and wages

    total $2,564,860 · program services $1,852,928 · management and general $711,932

  • 8 · Pension plan contributions

    total $107,776 · program services $73,451 · management and general $34,325

  • 9 · Other employee benefits

    total $623,206 · program services $430,294 · management and general $192,912

  • 10 · Payroll taxes

    total $226,336 · program services $145,493 · management and general $80,843

  • 11b · Fees: legal

    total $302,584 · management and general $302,584

  • 11c · Fees: accounting

    total $228,020 · management and general $228,020

  • 11d · Fees: lobbying

    total $35,000 · management and general $35,000

  • 11f · Fees: investment management

    total $290,083 · management and general $290,083

  • 11g · Fees: other

    total $1,490,703 · program services $1,064,423 · management and general $426,280

  • 12 · Advertising and promotion

    total $429,471 · program services $4,977 · management and general $424,494

  • 13 · Office expenses

    total $96,488 · program services $86,383 · management and general $10,105

  • 14 · Information technology

    total $489,123 · program services $350,038 · management and general $139,085

  • 16 · Occupancy

    total $464,363 · program services $422,873 · management and general $41,490

  • 17 · Travel

    total $81,174 · program services $52,357 · management and general $28,817

  • 19 · Conferences, conventions and meetings

    total $67,353 · program services $36,889 · management and general $30,464

  • 20 · Interest

    total $429 · management and general $429

  • 22 · Depreciation, depletion and amortization

    total $545,459 · management and general $545,459

  • 23 · Insurance

    total $105,080 · management and general $105,080

  • 24a · Other expenses: CONTRACT LABOR

    total $190,137 · program services $43,468 · management and general $146,669

  • 24b · Other expenses: TAXES

    total $136,137 · management and general $136,137

  • 24c · Other expenses: MEETING EXPENSES

    total $117,171 · program services $79,821 · management and general $37,350

  • 24d · Other expenses: BOARD EXPENSES

    total $108,097 · management and general $108,097

  • 24e · All other expenses

    total $52,308 · program services $936 · management and general $51,372

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $22,567,964 · end of year $11,803,760

  • 4 · Accounts receivable

    beginning of year $0 · end of year $6,767

  • 7 · Other notes and loans receivable

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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $87,703 · end of year $27,424

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

    $28,433,943

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

    $2,804,471

  • 10c · Land, buildings and equipment, net

    beginning of year $26,049,834 · end of year $25,629,472

  • 11 · Investments: publicly traded securities

    beginning of year $182,805,860 · end of year $255,991,811

  • 12 · Investments: other securities

    beginning of year $2,130,419 · end of year $2,579,215

  • 13 · Investments: program-related

    beginning of year $97,220,601 · end of year $102,078,153

  • 15 · Other assets

    beginning of year $0 · end of year $226,418

  • 17 · Accounts payable and accrued expenses

    beginning of year $140,197 · end of year $692,926

  • 18 · Grants payable

    beginning of year $3,217,977 · end of year $3,894,721

  • 19 · Deferred revenue

    beginning of year $200,271 · end of year $200,000

  • 23 · Secured mortgages and notes payable

    beginning of year $5,117,455 · end of year $4,264,546

  • 25 · Other liabilities

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

  • 27 · Net assets without donor restrictions

    beginning of year $333,067,327 · end of year $388,059,321

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $1,220,000

Mission and programs · 2023

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 $22,068,212 · Grants $17,289,795

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

    Revenue $50,357,278

As filed on the 2023 return.

Listed in Part VII

  • Elizabeth Ripley

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $321,038
    From this org
    $308,950
    From related orgs
    $0
    Other
    $12,088
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $286,450
    Bonus
    $0
    Other
    $22,500
    Deferred
    $11,821
    Nontaxable benefits
    $267
    Filer's total
    $321,038

  • Robin Minard

    CHIEF COMMUNICATIONS OFFICER

    Total calculated
    $190,547
    From this org
    $153,875
    From related orgs
    $0
    Other
    $36,672
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,875
    Bonus
    $0
    Other
    $0
    Deferred
    $6,320
    Nontaxable benefits
    $30,352
    Filer's total
    $190,547

  • James Beck

    SENIOR PROGRAM OFFICER

    Total calculated
    $185,620
    From this org
    $165,067
    From related orgs
    $0
    Other
    $20,553
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,067
    Bonus
    $0
    Other
    $0
    Deferred
    $6,585
    Nontaxable benefits
    $13,968
    Filer's total
    $185,620

  • Vandana Ingle

    SENIOR PROGRAM OFFICER

    Total calculated
    $168,545
    From this org
    $123,087
    From related orgs
    $0
    Other
    $45,458
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,087
    Bonus
    $0
    Other
    $0
    Deferred
    $5,162
    Nontaxable benefits
    $40,296
    Filer's total
    $168,545

  • Elizabeth Larson

    PROGRAM DIRECTOR

    Total calculated
    $163,542
    From this org
    $119,279
    From related orgs
    $0
    Other
    $44,263
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,279
    Bonus
    $0
    Other
    $0
    Deferred
    $4,878
    Nontaxable benefits
    $39,385
    Filer's total
    $163,542

  • William Bill Finley

    CHIEF FINANCIAL OFFICER

    Total calculated
    $157,594
    From this org
    $138,823
    From related orgs
    $0
    Other
    $18,771
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,823
    Bonus
    $0
    Other
    $0
    Deferred
    $2,526
    Nontaxable benefits
    $16,245
    Filer's total
    $157,594

  • Ray Michaelson

    PROGRAM OFFICER

    Total calculated
    $154,024
    From this org
    $134,681
    From related orgs
    $0
    Other
    $19,343
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,681
    Bonus
    $0
    Other
    $0
    Deferred
    $5,375
    Nontaxable benefits
    $13,968
    Filer's total
    $154,024

  • Evie Shields

    CONTROLLER

    Total calculated
    $140,977
    From this org
    $135,547
    From related orgs
    $0
    Other
    $5,430
    Hours/week
    40

  • 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

  • Sammye Pokryfki

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lisa Smayda

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hilary Stark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Eller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Ross Newcombe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Porter

    DIRECTOR (THRU 5/23)

    Total calculated
    $0
    Hours/week
    1

  • Philip Licht

    DIRECTOR (THRU 5/23)

    Total calculated
    $0
    Hours/week
    1

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

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

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
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202423189349302197

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