Totals
- Total revenue
- $457,954,042
- Total expenses
- $449,225,471
- Contributions and grants received
- $3,602,604
- Grants paid
- $444,053
- Program service revenue
- $419,612,064
- Investment income
- $10,023,165
- Other revenue
- $24,716,209
- Total assets, end of year
- $808,507,589
- Total liabilities, end of year
- $220,426,753
- Net assets or fund balances, end of year
- $588,080,836
- Program services expenses (Part IX)
- $325,843,653
- Management and general expenses
- $122,373,351
- Fundraising expenses
- $1,008,467
- Program service expenses (Part III)
- $325,843,653
Program services were 72.5% 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
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$2,929,566
-
1e · Government grants (contributions)
$672,076
-
1f · All other contributions, gifts and grants
$962
-
1g · Noncash contributions included above
$17,000
-
2a · Program service revenue: Acute Care Hospital
total $418,694,249 · related or exempt $418,655,849 · unrelated business $0 · excluded $38,400
-
2b · Program service revenue: Lab Service Revenue
total $917,815 · related or exempt $0 · unrelated business $917,815 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $9,932,693 · related or exempt $0 · unrelated business $0 · excluded $9,932,693
-
4 · Income from investment of tax-exempt bond proceeds
total $2,621 · related or exempt $0 · unrelated business $0 · excluded $2,621
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $0 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
securities $137,420,102 · other assets $123,518
-
7b · Less cost or other basis and sales expenses
securities $137,253,058 · other assets $202,711
-
7c · Gain or loss
securities $167,044 · other assets -$79,193
-
7d · Net gain or loss
total $87,851 · related or exempt -$79,193 · unrelated business $0 · excluded $167,044
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0 · unrelated business $0 · excluded $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$246,804
-
10b · Cost of goods sold
$151,457
-
10c · Net income from sales of inventory
total $95,347 · related or exempt $0 · unrelated business $0 · excluded $95,347
-
11a · Other revenue: Hospital Care Joint Ventures
total $13,528,572 · related or exempt $13,528,572 · unrelated business $0 · excluded $0
-
11b · Other revenue: Misc Hospital Revenue
total $10,487,899 · related or exempt $10,418,545 · unrelated business $0 · excluded $69,354
-
11c · Other revenue: Lab Service Revenue
total $604,391 · related or exempt $0 · unrelated business $604,391 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$24,620,862
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $168,634 · program services $168,634
-
2 · Grants to domestic individuals
total $266,346 · program services $266,346
-
3 · Grants to foreign organizations and individuals
total $9,073 · program services $9,073
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $5,938,198 · program services $0 · management and general $5,590,733 · fundraising $347,465
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $173,898,650 · program services $147,025,503 · management and general $26,343,363 · fundraising $529,784
-
8 · Pension plan contributions
total $9,505,769 · program services $6,219,426 · management and general $3,286,343 · fundraising $0
-
9 · Other employee benefits
total $19,967,049 · program services $16,743,800 · management and general $3,155,399 · fundraising $67,850
-
10 · Payroll taxes
total $11,715,157 · program services $9,495,576 · management and general $2,170,180 · fundraising $49,401
-
11a · Fees: management
total $35,044,030 · program services $27,637 · management and general $35,016,393 · fundraising $0
-
11b · Fees: legal
total $181,259 · program services $0 · management and general $181,259 · fundraising $0
-
11c · Fees: accounting
total $140,400 · program services $0 · management and general $140,400 · fundraising $0
-
11d · Fees: lobbying
total $18,376 · program services $18,376 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $302,937 · program services $0 · management and general $302,937 · fundraising $0
-
11g · Fees: other
total $24,858,459 · program services $18,086,820 · management and general $6,771,639 · fundraising $0
-
12 · Advertising and promotion
total $338,908 · program services $0 · management and general $338,908 · fundraising $0
-
13 · Office expenses
total $5,734,327 · program services $2,183,558 · management and general $3,541,185 · fundraising $9,584
-
14 · Information technology
total $10,444,412 · program services $237,364 · management and general $10,207,048 · fundraising $0
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $10,193,071 · program services $5,807,292 · management and general $4,385,779 · fundraising $0
-
17 · Travel
total $356,755 · program services $131,790 · management and general $224,965 · fundraising $0
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $289,812 · program services $126,180 · management and general $163,632 · fundraising $0
-
20 · Interest
total $4,202,124 · program services $1,840,530 · management and general $2,361,594 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $19,865,661 · program services $9,425,286 · management and general $10,436,683 · fundraising $3,692
-
23 · Insurance
total $2,518,599 · program services $1,170,575 · management and general $1,348,024 · fundraising $0
-
24a · Other expenses: Medical Supplies
total $74,674,232 · program services $74,517,256 · management and general $156,976 · fundraising $0
-
24b · Other expenses: Repairs and Maintenance
total $8,256,461 · program services $5,427,314 · management and general $2,828,456 · fundraising $691
-
24c · Other expenses: Medicaid Provider Fee
total $25,370,712 · program services $25,370,712 · management and general $0 · fundraising $0
-
24e · All other expenses
total $4,966,060 · program services $1,544,605 · management and general $3,421,455 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $14,855 · end of year $14,605
-
2 · Savings and temporary cash investments
beginning of year $2,626,554 · end of year $3,162,080
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $64,470,310 · end of year $69,509,426
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $5,884,270 · end of year $6,002,438
-
9 · Prepaid expenses and deferred charges
beginning of year $8,106,644 · end of year $9,540,036
-
10a · Land, buildings and equipment: cost or other basis
$477,956,466
-
10b · Land, buildings and equipment: accumulated depreciation
$208,718,414
-
10c · Land, buildings and equipment, net
beginning of year $281,988,151 · end of year $269,238,052
-
11 · Investments: publicly traded securities
beginning of year $279,981,414 · end of year $309,427,931
-
12 · Investments: other securities
beginning of year $19,905,963 · end of year $19,019,744
-
13 · Investments: program-related
beginning of year $17,038,161 · end of year $17,863,986
-
14 · Intangible assets
beginning of year $68,575 · end of year $29,452
-
15 · Other assets
beginning of year $94,818,933 · end of year $104,699,839
-
17 · Accounts payable and accrued expenses
beginning of year $56,866,346 · end of year $53,909,954
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $138,299,143 · end of year $124,774,444
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $70,000 · end of year $70,000
-
25 · Other liabilities
beginning of year $44,812,093 · end of year $41,672,355
-
27 · Net assets without donor restrictions
beginning of year $480,582,146 · end of year $526,663,646
-
28 · Net assets with donor restrictions
beginning of year $54,274,102 · end of year $61,417,190
Mission and programs · 2023
Mission
To provide our community the highest value healthcare in an innovative, patient-centered environment.
Activities or mission (Part I)
Partnering to create and care for the healthiest community in the nation.
-
Health Care Delivery of IP and OP medical care. In 2023, the hospital discharged 8,333 adult & pediatric patients with an average length of stay of 3.9 days. 41,627 patients were seen in our ER facilities. 7,918 patients were seen in our Urgent Care facilities. 6,623 surgeries were performed in IP and OP settings.
Expenses $325,843,653 · Grants $444,053 · Revenue $442,523,773
As filed on the 2023 return.
Listed in Part VII
-
Robert J Vissers
Exec Director/CEO
- Total calculated
- $1,645,746
- From this org
- $1,211,368
- From related orgs
- $0
- Other
- $434,378
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $997,193
- Bonus
- $162,868
- Other
- $51,306
- Deferred
- $414,677
- Nontaxable benefits
- $19,701
- Filer's total
- $1,645,745
-
Alan Villavicencio
Physician
- Total calculated
- $1,472,869
- From this org
- $1,456,238
- From related orgs
- $0
- Other
- $16,631
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $903,081
- Bonus
- $528,851
- Other
- $24,306
- Deferred
- $15,250
- Nontaxable benefits
- $1,381
- Filer's total
- $1,472,869
-
Daniel O'Hair
Physician
- Total calculated
- $1,466,074
- From this org
- $1,418,426
- From related orgs
- $0
- Other
- $47,648
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $1,353,371
- Bonus
- $39,783
- Other
- $25,272
- Deferred
- $15,250
- Nontaxable benefits
- $32,398
- Filer's total
- $1,466,074
-
Charles Jones
Physician
- Total calculated
- $1,238,395
- From this org
- $1,160,293
- From related orgs
- $0
- Other
- $78,102
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $985,059
- Bonus
- $136,583
- Other
- $38,652
- Deferred
- $66,254
- Nontaxable benefits
- $11,847
- Filer's total
- $1,238,395
-
Bryan Mahan
Physician
- Total calculated
- $1,109,458
- From this org
- $1,065,544
- From related orgs
- $0
- Other
- $43,914
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $974,751
- Bonus
- $32,959
- Other
- $57,834
- Deferred
- $17,319
- Nontaxable benefits
- $26,595
- Filer's total
- $1,109,458
-
Kara Beasley
Physician
- Total calculated
- $1,003,054
- From this org
- $957,982
- From related orgs
- $0
- Other
- $45,072
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $895,291
- Bonus
- $39,561
- Other
- $23,130
- Deferred
- $18,300
- Nontaxable benefits
- $26,772
- Filer's total
- $1,003,054
-
William A Munson Jr
VP & CFO
- Total calculated
- $736,610
- From this org
- $614,604
- From related orgs
- $0
- Other
- $122,006
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $474,729
- Bonus
- $65,169
- Other
- $74,706
- Deferred
- $86,557
- Nontaxable benefits
- $35,448
- Filer's total
- $736,609
-
Benjamin J Keidan
VP & Chief Medical Officer
- Total calculated
- $717,257
- From this org
- $607,106
- From related orgs
- $0
- Other
- $110,151
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $462,039
- Bonus
- $68,776
- Other
- $76,291
- Deferred
- $93,375
- Nontaxable benefits
- $16,776
- Filer's total
- $717,257
-
Sarah E Meshak
VP & General Counsel
- Total calculated
- $629,287
- From this org
- $516,010
- From related orgs
- $0
- Other
- $113,277
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $371,066
- Bonus
- $60,290
- Other
- $84,653
- Deferred
- $80,879
- Nontaxable benefits
- $32,398
- Filer's total
- $629,286
-
Jacqueline M Attlesey-Pries
VP , Chief Nursing Officer & Chief Operating Officer
- Total calculated
- $603,668
- From this org
- $497,585
- From related orgs
- $0
- Other
- $106,083
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $392,119
- Bonus
- $52,401
- Other
- $53,065
- Deferred
- $79,503
- Nontaxable benefits
- $26,580
- Filer's total
- $603,668
-
Michael J Jefferies
VP & Chief Information Officer
- Total calculated
- $480,424
- From this org
- $413,134
- From related orgs
- $0
- Other
- $67,290
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $291,586
- Bonus
- $46,868
- Other
- $74,680
- Deferred
- $65,981
- Nontaxable benefits
- $1,309
- Filer's total
- $480,424
-
Grant Besser
Foundation President & VP Public Affairs
- Total calculated
- $478,909
- From this org
- $377,492
- From related orgs
- $0
- Other
- $101,417
- Hours/week
- 16 + 24 related
Schedule J breakdown matched by us
- Base
- $284,042
- Bonus
- $44,808
- Other
- $48,642
- Deferred
- $66,235
- Nontaxable benefits
- $35,182
- Filer's total
- $478,909
-
Lawrence Novissimo
VP Ambulatory Services
- Total calculated
- $360,289
- From this org
- $277,585
- From related orgs
- $0
- Other
- $82,704
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $230,326
- Bonus
- $33,882
- Other
- $13,376
- Deferred
- $50,570
- Nontaxable benefits
- $32,134
- Filer's total
- $360,288
-
Valerie Lipetz MD
Physician and Board Member
- Total calculated
- $340,203
- From this org
- $301,010
- From related orgs
- $0
- Other
- $39,193
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $217,443
- Bonus
- $41,321
- Other
- $42,245
- Deferred
- $27,589
- Nontaxable benefits
- $11,604
- Filer's total
- $340,202
-
John Greff
Chairman
- Total calculated
- $0
- Hours/week
- 4
-
Debbie Lund MD
Vice Chairman
- Total calculated
- $0
- Hours/week
- 4
-
Nancy Stevens
Treasurer
- Total calculated
- $0
- Hours/week
- 4
-
George Karakehian
Secretary
- Total calculated
- $0
- Hours/week
- 4
-
John Fleagle MD
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
Chris Hazlitt
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
Rhonda Wallen
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
Phil DeStefano
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
Joel Montbriand MD
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
Mardi Moore
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
Diana Verilli
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
Douglas Abel
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
Susan Connelly
Board Member
- Total calculated
- $0
- Hours/week
- 4
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 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
- 6a · Pay contingent on this organization's net earnings
- 7 · Other non-fixed payments
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
- 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 3
- The Executive Committee of the Board serves as the compensation committee as specified by the bylaws of the hospital. The Executive Committee is comprised of the Chairman, Vice Chairman, Secretary, Treasurer, President/CEO and two at large members of the Board. The President/CEO does not participate in or vote on compensation matters related to his own compensation. The Executive Committee proposes an Executive Compensation Philosophy for approval by the Board, which sets parameters for compensation of the CEO and the Vice Presidents. The Executive Committee (without the CEO) reviews the compensation and benefits of the CEO annually, subject to Board ratification. The CEO sets compensation for the Vice Presidents within the ranges established by the Compensation Philosophy. Compensation outside the approved ranges requires Executive Committee review and approval. The Executive Committee engages a consulting firm to provide comparative compensation studies for similarly qualified executives in functionally comparable positions at similarly situated organizations. Compensation study and performance review are considered in developing executive compensation decisions. Any benefits for executives beyond what is provided to all employees must be consistent with the Compensation Philosophy. All compensation-related meetings of the Executive Committee are formally documented.
- Schedule J, Part I, Line 4
- Ln 4b--The hospital contributes to a nonqualified 457(f) plan for the benefit of its executive leadership. Participants include: Robert Vissers, President & CEO ($176,193 contributed) Benjamin Keidan, VP & Chief Medical Officer ($74,325 contributed), William Munson Jr, VP & CFO ($67,507 contributed), Jacqueline Attlesey-Pries, VP ,COO & CNO ($60,453 contributed), Michael Jefferies, VP & CIO ($47,421 contributed), Sarah Meshak, VP & General Counsel ($61,829 contributed), Larry Novissimo, VP of Ambulatory Services ($38,189 contributed) and Grant Besser, Foundation President & VP Public Affairs ($47,633 contributed).
- Schedule J, Part I, Line 6
- See response to Line 7. Board approval required for any payment.
- Schedule J, Part I, Line 7
- For 2023, the hospital had an Incentive Compensation Plan for Vice Presidents and Directors whereby a percentage of base salary is paid out if goals are met, and if authorized by the Board of Directors. For 2023 goals met, Incentive compensation expense was paid out in February of 2024.
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
-
$19,000
To ensure access to HIV care and improve the quality of life for people in Boulder County infected with or affected by HIV
-
Boulder Shelter for the Homeless
$13,021
To create avenues to stable housing for the Boulder community's homeless adults
-
$12,500
To increase Blue Sky Bridge's capacity to administer medical exams and therapy services for child victims of sexual abuse following the forensic interviewing process
-
$7,500
To provide BCH patients living with Parkinson's Disease and other mobility challenges with access to Third Law's Dance for Parkinson's Program
-
To provide temporary boarding for pets of BCH hospitalized clients who may otherwise forego medical care because they don't have financial resources for private boarding and/or a support system to care for their animal
-
Boulder Valley School District
$0
To support high school athletics and help to reduce student athlete injuries
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.
-
Boulder Community Hospital Foundation
501(c)3 · Fundraising for Boulder Community Health · CO
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.
-
Boulder Community Health Sports Medicine Imaging LLC
imaging services · CO · income $1,503,849 · assets $1,049,362
Directly controlled by Boulder Community Health
-
Boulder Valley Care Network LLC
Clincally Integrated Provider Network · CO · income $1,333,890 · assets $0
Directly controlled by Boulder Community Health
-
Boulder Community Health Rehab LLC
Participate in a 50/50 JOA with another non-profit to operate an Inpatient Rehabilitation hospital · CO · income $1,165,100 · assets $2,040,984
Directly controlled by Boulder Community Health
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
Boulder Community Musculoskeletal Surgery Center LLC dba Boulder Surg Center
Related · Outpatient surgery center · CO · 50% owned · share of income $3,317,837 · share of assets $3,725,035
-
Endoscopy Center of the Rockies LLC
Related · Outpatient Endoscopy · CO · 50% owned · share of income $6,596,166 · share of assets $1,109,396
-
Boulder MRI LLC
Related · Outpatient MRI center · CO · 51% owned · share of income $101,562 · share of assets $84,413
Directly controlled by Boulder Community Health
-
Foothills Surgery Center LLC
Related · Ambulatory Surgical Center · CO · 51% owned · share of income $1,227,705 · share of assets $1,489,950
Directly controlled by Boulder Community Health
-
Riverbend Sleep LLC
Excluded · own building and lease to Approved Entities · CO · 50% owned · share of income -$581 · share of assets $942,423
-
Premier Eye Surgery Center of Colorado
Related · Outpatient Eye Surgery Center · CO · 50.1% owned · share of income $472,288 · share of assets $2,545,958
Directly controlled by Boulder Community Health
-
Boulder Radiation Management Company
Related · Outpatient radiation oncology and imaging services · CO · 50% owned · share of income -$1,610,724 · share of assets $9,555,374
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202403179349308905
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