Blanchard Valley Health System
- Assets
- $134.7m
- Revenue
- $73.0m
- Investments
- $5.9m
- Employees
- 415
- Location
- Findlay, OH
- Founding
- 09/1951
- Data as of
- 12/2021
- EIN
- 34-4428206
Organization Overview
Blanchard Valley Health System is located in Findlay, OH. The organization was established in 1951. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2023, Blanchard Valley Health System employed 415 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blanchard Valley Health System is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Blanchard Valley Health System generated $73.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $133.5m during the year ending 12/2021. While expenses have increased by 19.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE PROVIDE MANAGEMENT OVERSIGHT AND GOVERNANCE OF ALL HEALTH SYSTEM ACTIVITIES. WE ALSO OPERATE FAMILY PRACTICES, SPECIALTY PRACTICES, AND EMS AMBULANCE SERVICES.
Describe the Organization's Program Activity:
BLANCHARD VALLEY HEALTH SYSTEM'S PROGRAM SERVICE REVENUE IS GENERATED BY BLANCHARD VALLEY MEDICAL PRACTICES (BVMP) AND HANCO EMERGENCY MEDICAL SERVICES (HANCO), WHICH ARE WHOLLY OWNED, DISREGARDED ENTITIES. BVMP CONSISTS OF FAMILY PRACTICE PHYSICIAN OFFICES, NEUROSURGICAL PHYSICIAN OFFICES, SPECIALTY PHYSICIAN OFFICES, AND AN URGENT CARE CENTER. BVMP IS COMMITTED TO PROVIDING EASILY ACCESSIBLE HEALTH CARE SERVICES TO ALL MEMBERS OF THE SURROUNDING COMMUNITIES THROUGH ITS FAMILY PRACTICES AND URGENT CARE CENTER. SPECIALIZED SERVICES ARE ALSO AVAILABLE, INCLUDING NEUROSURGICAL SERVICES, CANCER CARE, CARDIAC CARE, AND DIAGNOSTIC SERVICES. HANCO PROVIDES PROFESSIONAL AND EXPEDIENT AMBULANCE SERVICES AND PRE-HOSPITAL EMERGENCY MEDICAL CARE. MEDSPA PROVIDES COSMETIC MEDICAL TREATMENT CENTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Thomas Kindl Physician | 40 | $1,525,182 | |
Dr Andrius Giedraitis Physician | 40 | $1,291,502 | |
Dr Douglas Yoder Physician | 40 | $960,031 | |
Dr James Bailey Physician | 40 | $804,425 | |
Dr Tom Zhou Physician | 40 | $795,411 | |
Myron Lewis Chief Executive Officer | OfficerTrustee | 2 | $779,794 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prolink Healthcare Llc Contract Wages | 12/30/22 | $2,619,655 |
Blanchard Valley Pathology And Lab Pathology Services | 12/30/22 | $780,000 |
Jdp Ventures Llc Real Estate Rent | 12/30/22 | $584,740 |
Irb Medical Equipment Llc Medical Equip. Serv. | 12/30/22 | $591,381 |
Technicore Med Equip. Services | 12/30/22 | $1,901,490 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $58,770,624 |
| Investment income | $3,351,003 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $208,000 |
| Net Gain/Loss on Asset Sales | $112,417 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $72,984,044 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,162,320 |
| Compensation of current officers, directors, key employees. | $1,897,392 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,778,242 |
| Pension plan accruals and contributions | $2,097,421 |
| Other employee benefits | $6,371,696 |
| Payroll taxes | $5,109,126 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,759,428 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,073,380 |
| Advertising and promotion | $86,883 |
| Office expenses | $4,275,427 |
| Information technology | $1,900,713 |
| Royalties | $0 |
| Occupancy | $2,058,191 |
| Travel | $612,040 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $45,873 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,623,991 |
| Insurance | $927,468 |
| All other expenses | $3,324,478 |
| Total functional expenses | $133,511,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,796,501 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,671,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,000 |
| Prepaid expenses and deferred charges | $3,753,000 |
| Net Land, buildings, and equipment | $40,330,000 |
| Investments—publicly traded securities | $57,279,000 |
| Investments—other securities | $5,942,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,865,000 |
| Total assets | $134,673,501 |
| Accounts payable and accrued expenses | $50,223,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $82,380,000 |
| Total liabilities | $132,603,000 |
| Net assets without donor restrictions | $1,445,501 |
| Net assets with donor restrictions | $625,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $134,673,501 |