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← LOWER VALLEY HOSPITAL ASSOCIATION

Form 990 for tax year 2023

Filed by LOWER VALLEY HOSPITAL ASSOCIATION.

Totals

Total revenue
$89,490,882
Total expenses
$81,943,020
Contributions and grants received
$5,871,661
Grants paid
$0
Program service revenue
$82,314,419
Investment income
$560,861
Other revenue
$743,941
Total assets, end of year
$72,854,635
Total liabilities, end of year
$53,973,355
Net assets or fund balances, end of year
$18,881,280
Program services expenses (Part IX)
$67,380,232
Management and general expenses
$14,562,788
Fundraising expenses
$0
Program service expenses (Part III)
$67,380,232

Program services were 82.2% 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

    $41,031

  • 1e · Government grants (contributions)

    $4,130,953

  • 1f · All other contributions, gifts and grants

    $1,699,677

  • 1g · Noncash contributions included above

    $16,500

  • 2a · Program service revenue: HOSPITAL REVENUE

    total $57,497,190 · related or exempt $57,497,190

  • 2b · Program service revenue: PHYSICIAN CLINICS

    total $23,439,327 · related or exempt $23,439,327

  • 2c · Program service revenue: ASSISTED LIVING

    total $1,122,401 · related or exempt $1,122,401

  • 2f · All other program service revenue

    total $255,501 · related or exempt $255,501

  • 3 · Investment income

    total $633,028 · excluded $633,028

  • 7a · Gross sales of assets other than inventory

    other assets $31,697

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

    other assets $103,864

  • 7c · Gain or loss

    other assets -$72,167

  • 7d · Net gain or loss

    total -$72,167 · excluded -$72,167

  • 11a · Other revenue: CAFETERIA REVENUE

    total $275,627 · excluded $275,627

  • 11d · All other revenue

    total $468,314 · related or exempt $254,934 · excluded $213,380

  • 11e · Other revenue, total

    $743,941

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,906,331 · program services $946,898 · management and general $959,433

  • 7 · Other salaries and wages

    total $38,722,175 · program services $32,824,896 · management and general $5,897,279

  • 8 · Pension plan contributions

    total $1,080,679 · program services $883,996 · management and general $196,683

  • 9 · Other employee benefits

    total $4,021,425 · program services $3,242,250 · management and general $779,175

  • 10 · Payroll taxes

    total $2,944,030 · program services $2,361,562 · management and general $582,468

  • 11b · Fees: legal

    total $151,144 · program services $99,361 · management and general $51,783

  • 11c · Fees: accounting

    total $76,662 · management and general $76,662

  • 11d · Fees: lobbying

    total $2,855 · management and general $2,855

  • 11g · Fees: other

    total $12,833,641 · program services $10,819,269 · management and general $2,014,372

  • 12 · Advertising and promotion

    total $675,610 · program services $14,715 · management and general $660,895

  • 13 · Office expenses

    total $652,473 · program services $497,605 · management and general $154,868

  • 14 · Information technology

    total $1,367,069 · program services $488,359 · management and general $878,710

  • 16 · Occupancy

    total $1,886,715 · program services $1,576,284 · management and general $310,431

  • 17 · Travel

    total $128,749 · program services $82,736 · management and general $46,013

  • 20 · Interest

    total $2,278,658 · program services $1,633,730 · management and general $644,928

  • 22 · Depreciation, depletion and amortization

    total $2,774,229 · program services $1,989,040 · management and general $785,189

  • 23 · Insurance

    total $552,337 · program services $226,157 · management and general $326,180

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $7,149,387 · program services $7,071,012 · management and general $78,375

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $1,728,495 · program services $1,728,495

  • 24c · Other expenses: DIETARY EXPENSE

    total $550,858 · program services $550,858

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $254,449 · program services $157,013 · management and general $97,436

  • 24e · All other expenses

    total $205,049 · program services $185,996 · management and general $19,053

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,479,611 · end of year $8,396,919

  • 2 · Savings and temporary cash investments

    beginning of year $9,016,626 · end of year $18,635,433

  • 4 · Accounts receivable

    beginning of year $9,508,415 · end of year $15,364,305

  • 8 · Inventories for sale or use

    beginning of year $1,952,822 · end of year $1,619,110

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,226,771 · end of year $744,887

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

    $69,090,770

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

    $44,457,905

  • 10c · Land, buildings and equipment, net

    beginning of year $24,076,994 · end of year $24,632,865

  • 12 · Investments: other securities

    beginning of year $1,127,247 · end of year $1,114,243

  • 14 · Intangible assets

    beginning of year $22,481 · end of year $0

  • 15 · Other assets

    beginning of year $2,195,376 · end of year $2,346,873

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,498,911 · end of year $7,511,905

  • 20 · Tax-exempt bond liabilities

    beginning of year $37,387,998 · end of year $36,722,678

  • 21 · Escrow or custodial account liability

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

  • 23 · Secured mortgages and notes payable

    beginning of year $4,900,828 · end of year $3,222,515

  • 25 · Other liabilities

    beginning of year $2,484,188 · end of year $6,516,257

  • 27 · Net assets without donor restrictions

    beginning of year $11,333,418 · end of year $17,360,504

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $1,520,776

Mission and programs · 2023

Mission

FAMILY HEALTH WEST IS DEDICATED TO SUPPORTING OUR COMMUNITY BY REINVENTING THE HEALTHCARE EXPERIENCE WITH A FOCUS ON QUALITY OUTCOMES. WE STRIVE TO PROVIDE WARM, COMPASSIONATE SERVICE TO MAKE EVERY PATIENT'S DAY A LITTLE BETTER. WE WILL SURROUND OURSELVES WITH A DIVERSE GROUP OF PEOPLE WHO EXUDE THE VALUES EMBRACED BY FAMILY HEALTH WEST. EACH OF US WILL WORK EVERY DAY TO PROMOTE OUR MISSION AND THE GUIDING PRINCIPLES OF FHW CARES - FAMILY, HONESTY, WELLNESS, COMPASSION, ACCOUNTABILITY, RESPECT, EXCELLENCE, AND SAFETY.

Activities or mission (Part I)

ADDRESS THE HEALTHCARE NEEDS OF THE GREATER FRUITA COMMUNITY AND PROVIDE HEALTHCARE SERVICES WITHOUT REGARD TO RACE, AGE, HANDICAP, CREED, OR NATIONAL ORIGIN. PROVIDE THOSE SERVICES TO INDIVIDUALS OF ALL INCOME LEVELS CONSISTENT WITH OUR FINANCIAL ABILITY TO DO SO.

  • LOWER VALLEY HOSPITAL ASSOCIATION OPERATES A 25-BED ACUTE CARE AND SWING BED CRITICAL ACCESS HOSPITAL. OUTPATIENT SERVICES INCLUDE EMERGENCY, ANCILLARY TESTING, SURGICAL AND THERAPY. THE HOSPITAL PARTICIPATES IN THE MEDICARE AND MEDICAID PROGRAMS, PROVIDES CHARITY CARE AND OTHER ASSISTANCE TO ENSURE ACCESS TO THESE SERVICES IN OUR COMMUNITY. OUR HOSPITAL SERVICES ARE 51% MEDICARE AND 21% MEDICAID. WE PROVIDE LABS FOR THE GOOD SAMARITAN CLINIC, PROGRAMMING AND CLASSES FOR COMMUNITY PARKINSONS PATIENTS AND COLLABORATIVE OUTPATIENT REHABILITATION SERVICES FOR SENIORS. THE HOSPITAL SERVES THE COMMUNITIES OF FRUITA, LOMA AND MACK COLORADO ALONG WITH EASTERN VILLAGES IN CENTRAL UTAH. MANY PATIENTS COME TO FRUITA, FROM GRAND JUNCTION AND OTHER AREAS OF MESA COUNTY, AS THE HOSPITAL IS SOUGHT AFTER DUE TO ITS REPUTATION OF PERSONALIZED CARE AND QUALITY OF MEDICAL STAFF AND SERVICES PROVIDED.

    Expenses $49,009,850 · Revenue $58,007,625

  • THE ORGANIZATION OWNS AND OPERATES CLINICS TO ENSURE ACCESS TO PRIMARY AND SPECIALTY CARE SERVICES IN THE COMMUNITY. THESE OPERATIONS INCLUDE BUT ARE NOT LIMITED TO ANESTHESIA, EMERGENCY PROVIDERS, HOSPITALIST, RADIOLOGIST, ORTHOPEDIC SPECIALISTS, PODIATRY, RHEUMATOLOGY, PAIN AND PHYSIATRY. THE ORGANIZATION CONTINUES TO GROW THE 2 PRIMARY CARE PRACTICES IN ITS EMPLOY, IN RESPONSE TO THE GROWING POPULATION AND ITS NEED FOR ACCESS TO PRIMARY CARE. BEHAVIORAL HEALTH IS EMBEDDED WITHIN PRIMARY CARE, PROVIDING A MUCH NEEDED COLLABORATION BETWEEN PHYSICIANS/PROVIDERS AND MENTAL HEALTH PROFESSIONALS. THE ORGANIZATION CREATED AN URGENT CARE CLINIC DURING 2023 WHICH PROVIDES AN ALTERNATIVE TO EMERGENCY SERVICES IN A REDUCED COST SETTING.

    Expenses $17,229,380 · Revenue $23,439,327

  • THE ORGANIZATION OPERATES A MEMORY CARE FACILITY THAT PROVIDE RESIDENTIAL ACCOMMODATIONS AND LIMITED HEALTHCARE SERVICES TO THE ELDERLY AND DISABLED FOR A TOTAL BED COUNT OF 26. THE WILLOWS IS DEDICATED TO RESIDENTS WITH DEMENTIA AND IS A SECURED FACILITY.

    Expenses $1,141,002 · Revenue $1,122,401

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Troy Griffiths

    TRUSTEE (THRU 1/23)/DIR.-WOUND CENTER

    Total calculated
    $343,482
    From this org
    $318,825
    From related orgs
    $0
    Other
    $24,657
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $261,106
    Bonus
    $53,969
    Other
    $3,750
    Deferred
    $12,858
    Nontaxable benefits
    $11,799
    Filer's total
    $343,482

  • Errol Snider

    EMERITUS TRUSTEE

    Total calculated
    $75,932
    From this org
    $70,389
    From related orgs
    $0
    Other
    $5,543
    Hours/week
    32

  • Paul Burdett

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Landini

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ken Palmer

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Christi Flynn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jane Foster RN Bsn Msha

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jeanne Haberer Do

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jerry Hamilton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Larry Tice MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dustin Wells

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Korrey Klein

    CEO/SECRETARY

    Total calculated
    $363,129
    From this org
    $336,578
    From related orgs
    $0
    Other
    $26,551
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $335,708
    Bonus
    $870
    Other
    $0
    Deferred
    $13,200
    Nontaxable benefits
    $13,351
    Filer's total
    $363,129

  • Vanessa McClellan Do

    CHIEF OF MEDICAL STAFF

    Total calculated
    $307,348
    From this org
    $289,380
    From related orgs
    $0
    Other
    $17,968
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,363
    Bonus
    $53,017
    Other
    $0
    Deferred
    $11,785
    Nontaxable benefits
    $6,183
    Filer's total
    $307,348

  • Christoper Taggart MD

    CHIEF MEDICAL OFFICER

    Total calculated
    $296,068
    From this org
    $267,359
    From related orgs
    $0
    Other
    $28,709
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $251,527
    Bonus
    $15,832
    Other
    $0
    Deferred
    $11,062
    Nontaxable benefits
    $17,647
    Filer's total
    $296,068

  • Lori Randall

    EXECUTIVE VP/COO, CNA, HA

    Total calculated
    $285,544
    From this org
    $270,639
    From related orgs
    $0
    Other
    $14,905
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,783
    Bonus
    $5,079
    Other
    $38,777
    Deferred
    $9,871
    Nontaxable benefits
    $5,034
    Filer's total
    $285,544

  • Theresa Tabor

    CHIEF FINANCIAL OFFICER

    Total calculated
    $234,828
    From this org
    $222,371
    From related orgs
    $0
    Other
    $12,457
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,275
    Bonus
    $7,096
    Other
    $0
    Deferred
    $7,086
    Nontaxable benefits
    $5,371
    Filer's total
    $234,828

  • Christopher Copeland

    PHYSICIAN

    Total calculated
    $621,278
    From this org
    $594,752
    From related orgs
    $0
    Other
    $26,526
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $540,660
    Bonus
    $54,092
    Other
    $0
    Deferred
    $13,200
    Nontaxable benefits
    $13,326
    Filer's total
    $621,278

  • Richard Ackerson

    PHYSICIAN

    Total calculated
    $559,470
    From this org
    $541,464
    From related orgs
    $0
    Other
    $18,006
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $519,590
    Bonus
    $21,874
    Other
    $0
    Deferred
    $13,800
    Nontaxable benefits
    $4,206
    Filer's total
    $559,470

  • David Saldivar

    PHYSICIAN

    Total calculated
    $526,417
    From this org
    $521,772
    From related orgs
    $0
    Other
    $4,645
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $514,778
    Bonus
    $6,994
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $4,645
    Filer's total
    $526,417

  • Peter Scheffel

    PHYSICIAN

    Total calculated
    $511,140
    From this org
    $491,839
    From related orgs
    $0
    Other
    $19,301
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $443,085
    Bonus
    $48,754
    Other
    $0
    Deferred
    $13,200
    Nontaxable benefits
    $6,101
    Filer's total
    $511,140

  • Tanner Staples

    PHYSICIAN

    Total calculated
    $334,253
    From this org
    $313,855
    From related orgs
    $0
    Other
    $20,398
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $312,022
    Bonus
    $1,833
    Other
    $0
    Deferred
    $12,823
    Nontaxable benefits
    $7,575
    Filer's total
    $334,253

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 · Written employment contract
  • 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

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.

  • FAMILY HEALTH WEST FOUNDATION

    501(C)(3) · PROVIDING SUPPORT FOR THE LOWER VALLEY HOSPITAL ASSOCIATION. · CO · controlled entity

    Directly controlled by LOWER VALLEY HOSPITAL ASSOCIATION

Provenance

Return type
form_990
Tax year
2023
Filed
4 September 2024
IRS schema version
2023v5.1
Source object
202432509349300918

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