Teton Valley Health Care Inc
- Assets
- $17.4m
- Revenue
- $27.4m
- Investments
- $0.0
- Employees
- 184
- Location
- Driggs, ID
- Founding
- 06/2013
- Data as of
- 09/2023
- EIN
- 45-4551946
Organization Overview
Teton Valley Health Care Inc is located in Driggs, ID. The organization was established in 2013. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Teton Valley Health Care Inc employed 184 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teton Valley Health Care Inc 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 09/2023, Teton Valley Health Care Inc generated $27.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $29.3m during the year ending 09/2023. While expenses have increased by 7.6% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE AND SUPPORT A HEALTHIER COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A CRITICAL ACCESS HOSPITAL AND TWO RURAL HEALTH CLINICS. THE HOSPITAL ADMITTED 174 PATIENTS THAT SPENT 870 CUMULATIVE DAYS ON THE ACUTE FLOOR. THE EMERGENCY DEPARTMENT EXPERIENCED 3,403 VISITS. 692 SURGICAL PROCEDURES WERE PERFORMED. THE TWO RURAL HEALTH CLINICS PROVIDED 14,901 VISITS DURING THIS SAME PERIOD.
CACHE CLINIC WAS A PRIVATE PAY CLINIC THAT WAS DISCONTINUED IN FISCAL YEAR 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanne Kay - Vice Chair (until Jan 23)/chair (from Jan 23) | OfficerTrustee | 1 | $0 |
Aaron Hansen Treasurer (until Oct 22) | OfficerTrustee | 1 | $0 |
Janet Conway Treasurer (from Nov 22) | OfficerTrustee | 1 | $0 |
Kevin Mayberry Secretary Until Jan 23)/vice Chair (from Feb 23) | OfficerTrustee | 1 | $0 |
Ken Dunn Director Until Jan 23)/secretary (from Feb 23) | OfficerTrustee | 1 | $0 |
Anjali Tate Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Daniel Smith Physician Services | 9/29/23 | $355,183 |
Connected Health Care Inc Contract Labor | 9/29/23 | $227,063 |
Pharmgo Llc Contract Pharmacist | 9/29/23 | $201,071 |
Pmnagle Consulting Llc Revenue Cycle Consulting | 9/29/23 | $383,500 |
Quallvis Contract Labor | 9/29/23 | $161,665 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $197,249 |
| Government grants | $2,695,135 |
| All other contributions, gifts, grants, and similar amounts not included above | $105,962 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,998,346 |
| Total Program Service Revenue | $24,400,569 |
| Investment income | $1,998 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,878 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,414,791 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $66,763 |
| 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. | $934,052 |
| Compensation of current officers, directors, key employees. | $934,052 |
| Compensation to disqualified persons | $329,893 |
| Other salaries and wages | $12,509,985 |
| Pension plan accruals and contributions | $179,114 |
| Other employee benefits | $1,113,483 |
| Payroll taxes | $926,057 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,890 |
| Fees for services: Accounting | $73,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,678,430 |
| Advertising and promotion | $281,912 |
| Office expenses | $210,240 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $304,068 |
| Travel | $149,370 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,736 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $870,797 |
| Insurance | $263,647 |
| All other expenses | $39,094 |
| Total functional expenses | $29,306,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $580,971 |
| Savings and temporary cash investments | $3,417,948 |
| Pledges and grants receivable | $21,194 |
| Accounts receivable, net | $4,829,124 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,184,320 |
| Prepaid expenses and deferred charges | $54,753 |
| Net Land, buildings, and equipment | $3,429,880 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,855,920 |
| Total assets | $17,374,110 |
| Accounts payable and accrued expenses | $2,469,154 |
| 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 | $282,825 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,268,417 |
| Total liabilities | $4,020,396 |
| Net assets without donor restrictions | $13,353,714 |
| Net assets with donor restrictions | $0 |
| 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 | $17,374,110 |
Grants Awarded
Over the last fiscal year, Teton Valley Health Care Inc has awarded $52,950 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TETON VALLEY HEALTH CARE FOUNDATION INC PURPOSE: Transfer grant funds received by TVHC to the Foundation | $45,000 |
TETON VALLEY FOUNDATION PURPOSE: Sponsor Music on Main and Kolter Ice Arena | $7,950 |