Wenatchee Valley Hospital is located in Wenatchee, WA. The organization was established in 2014. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Wenatchee Valley Hospital employed 1,636 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wenatchee Valley Hospital 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, Wenatchee Valley Hospital generated $282.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $279.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO IMPROVING OUR PATIENTS' HEALTH BY PROVIDING SAFE, HIGH-QUALITY CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WENATCHEE VALLEY HOSPITAL WAS DEVELOPED AND FORMED AS A MEANS TO FURTHER CONFLUENCE HEALTH. THE PURPOSES OF THE HOSPITAL ARE AS FOLLOWS:A. MAINTAIN THE AVAILABILITY AND ACCESS TO HIGH QUALITY, COST EFFECTIVE HEALTHCARE SERVICES FOR THE NORTH CENTRAL WASHINGTON (NCW) COMMUNITY;B. IMPROVE COORDINATION OF LIMITED HEALTH CARE RESOURCES AND MAXIMIZE THE EFFICIENCY OF THE HEALTH SYSTEM TO ACHIEVE THE MOST COST EFFECTIVE CARE THAT CAN BE DELIVERED;C. PRESERVE NCW COMMUNITY CONTROL OVER IMPORTANT CARE DECISIONS AND ENSURE NCW COMMUNITY INVOLVEMENT IN THE DEVELOPMENT OF THE MEDICAL INFRASTRUCTURE AND OVERSIGHT OF THE NCW COMMUNITY HEALTHCARE DELIVERY SYSTEM;D. ENHANCE THE PATIENT-PHYSICIAN RELATIONSHIP AND MAINTAIN THE HIGH QUALITY OF CARE AND BREADTH OF SERVICES THE NCW COMMUNITY CURRENTLY ENJOYS;E. IMPROVE TEAMWORK AND INTEGRATION ACROSS THE CONTINUUM OF CARE AND ENSURE THAT PHYSICIANS AND OTHER HEALTHCARE PROVIDERS LEAD CLINICAL DESIGNS AND CLINICAL DECISIONS;F. ENSURE THAT PHYSICIANS AND ADMINISTRATIVE LEADERS HAVE A SHARED VISION REGARDING THE NCW COMMUNITY HEALTH CARE DELIVERY SYSTEM;G. ENSURE THAT THE NCW COMMUNITY ECONOMY, JOBS, AND BUSINESS PARTNERS ARE PRESERVED AND CAN GROW WITH THE REGION IN A RESPONSIBLE WAY;H. DEVELOP A HIGH PERFORMING INTEGRATED HEALTH CARE DELIVERY SYSTEM FOR THE NCW COMMUNITY THAT COULD APPLY FOR AND BE SUCCESSFUL WITH CONTRACTS FROM MEDICARE SO THAT THE NEWLY CREATED HEALTH SYSTEM CAN BE IDENTIFIED AS AN ACCOUNTABLE CARE ORGANIZATION IF SO DESIRED AND POSITION THE HEALTH SYSTEM SO THAT IT COULD CONTRACT FOR THE OVERALL SYSTEM OF CARE AND BE SUCCESSFUL WITH NEWLY DEVELOPED RISK CONTRACTS BEING OFFERED BY COMMERCIAL INSURERS.I. ESTABLISH, EQUIP, OPERATE AND MAINTAIN BENEVOLENT AND CHARITABLE INSTITUTIONS FOR THE GIVING OF MEDICAL AND SURGICAL CARE TO THE SICK, WOUNDED AND SUFFERING IRRESPECTIVE OF SEX, MARITAL STATUS, DISABILITY, COLOR, RACE, RELIGIOUS BELIEVE, SEXUAL ORIENTATION, ECONOMIC STATUS, OR PECUNIARY CIRCUMSTANCES; ANDJ. CARRY ON ANY EDUCATIONAL ACTIVITIES, RELATED TO THE RENDERING OF CARE TO THE SICK AND INJURED OR THE PROMOTION OF HEALTH WHICH, IN THE OPINION OF THE BOARD OF DIRECTORS OF WVH, MAY BE JUSTIFIED BY THE FACILITIES, PERSONNEL, FUNDS, OR OTHER REQUIREMENTS THAT ARE OR CAN BE MADE AVAILABLE IN ACCORDANCE WITH THE LAWS OF THE STATE OF WASHINGTON.WENATCHEE VALLEY HOSPITAL OPERATES TEN RURAL HEALTH CLINICS IN TEN COMMUNITIES THROUGHOUT THE NCW COMMUNITY INCLUDING: WENATCHEE, MOSES LAKE, EAST WENATCHEE, CASHMERE, TONASKET, OROVILLE, OMAK, ROYAL CITY, WATERVILLE, AND BREWSTER, AS WELL AS OPERATES A 20-BED HOSPITAL FACILITY WHICH SERVES MEDICAL, SURGICAL AND REHABILITATION PATIENTS. WENATCHEE VALLEY HOSPITAL HAS ENTERED INTO PROFESSIONAL SERVICE AGREEMENTS WITH A MULTI-SPECIALTY PHYSICIAN GROUP THAT EMPLOYS OR OTHERWISE ENGAGES NEARLY 300 PRIMARY CARE PHYSICIANS, PHYSICIAN SPECIALISTS AND MID-LEVEL PRACTITIONERS TO SERVE THE NEEDS OF PATIENTS WITHIN THE NCW COMMUNITY.WENATCHEE VALLEY HOSPITAL PROVIDES CARE TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER ITS CHARITY CARE POLICY WITHOUT CHARGE OR AT AMOUNTS LESS THAN ITS ESTABLISHED RATES. BECAUSE THE ASSOCIATION DOES NOT PURSUE COLLECTION OF AMOUNTS DETERMINED TO QUALIFY AS CHARITY CARE THEY ARE NOT REPORTED AS REVENUE. THE HOSPITAL SYSTEM MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF CHARITY CARE IT PROVIDES. THESE RECORDS INCLUDE THE AMOUNT OF CHARGES FORGONE FOR SERVICES AND SUPPLIES FURNISHED UNDER ITS CHARITY CARE POLICY AND THE ESTIMATED COST OF THOSE SERVICES AND SUPPLIES.MANAGEMENT ESTIMATES CHARITY CARE COSTS BY CALCULATING A RATIO OF COST TO GROSS CHARGES, AND THEN MULTIPLYING THAT RATIO BY THE GROSS UNCOMPENSATED CHARGES ASSOCIATED WITH PROVIDING CARE TO CHARITY PATIENTS. CHARITY CARE COSTS WERE $5,184,192 IN 2021.THE HOSPITAL HAD 2,681 ACUTE REHAB DAYS, 14,708 EMERGENCY VISITS, PROVIDED 5,468 SURGERY CASES AND A 730,574 OUTPATIENT COUNT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Nicole M Anderson Arnp - Ob-Gyn | 50 | $303,670 | |
Mauvia A Sorensen Arnp - Behavioral Health | 50 | $281,073 | |
Aaron C Lewis MD Physician | 50 | $260,666 | |
Anthony D Chambers Pa-C Occ Med | 50 | $230,631 | |
Ugo E Bartell Od Optometrist | 50 | $223,336 | |
Abe Sorom MD Secretary | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Chg Companies Inc Dba Comphealth Staffing Services | 12/30/21 | $1,026,852 |
Wenatchee Valley Medical Group Physician Services | 12/30/21 | $68,659,792 |
Wenatchee Emergency Physicians Physician Services | 12/30/21 | $2,857,319 |
Moss Adams Llp Accounting & Consulting Services | 12/30/21 | $268,151 |
Chg Medical Staffing Inc Staffing Services | 12/30/21 | $270,075 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $6,626,745 |
All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $6,636,745 |
Total Program Service Revenue | $275,196,830 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $128,271 |
Net Gain/Loss on Asset Sales | $29,000 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $281,990,846 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $270,365 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $79,084,795 |
Pension plan accruals and contributions | $4,255,116 |
Other employee benefits | $15,759,401 |
Payroll taxes | $6,296,264 |
Fees for services: Management | $28,066,100 |
Fees for services: Legal | $35,378 |
Fees for services: Accounting | $286,620 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $3,139 |
Fees for services: Other | $102,839 |
Advertising and promotion | $55,497 |
Office expenses | $6,085,952 |
Information technology | $1,060,575 |
Royalties | $0 |
Occupancy | $9,758,572 |
Travel | $282,121 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $990,763 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,867,876 |
Insurance | $1,825,050 |
All other expenses | $0 |
Total functional expenses | $279,212,743 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $18,661,265 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $42,417,135 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $1,529,452 |
Prepaid expenses and deferred charges | $2,092,473 |
Net Land, buildings, and equipment | $25,719,048 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $2,000,000 |
Intangible assets | $0 |
Other assets | $45,842,799 |
Total assets | $138,262,172 |
Accounts payable and accrued expenses | $26,779,031 |
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 | $47,189,363 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $73,249,727 |
Total liabilities | $147,218,121 |
Net assets without donor restrictions | -$8,955,949 |
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 | $138,262,172 |
Over the last fiscal year, Wenatchee Valley Hospital has awarded $67,998 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Yakima, WA PURPOSE: TRANSPORTATION SERVICES | $36,000 |
Wenatchee, WA PURPOSE: GENERAL SUPPORT | $31,998 |
Over the last fiscal year, we have identified 1 grants that Wenatchee Valley Hospital has recieved totaling $10,000.
Awarding Organization | Amount |
---|---|
Amga Foundation Inc Alexandria, VA PURPOSE: OCMC EDUCATIONAL GRANT PART 2 | $10,000 |
Organization Name | Assets | Revenue |
---|---|---|
Asante Medford, OR | $2,030,793,202 | $1,067,000,527 |
Kadlec Regional Medical Center Renton, WA | $935,169,169 | $828,794,927 |
St Jude Hospital Renton, WA | $1,232,178,178 | $791,383,557 |
Saint Alphonsus Regional Medical Center Inc Boise, ID | $925,610,000 | $796,092,917 |
Alaska Native Tribal Health Consortium Anchorage, AK | $996,933,095 | $687,223,707 |
Sky Lakes Medical Center Inc Klamath Falls, OR | $459,854,725 | $667,970,427 |
Overlake Hospital Medical Center Bellevue, WA | $1,038,955,191 | $605,355,698 |
Harrison Medical Center Silverdale, WA | $1,232,445,041 | $647,925,756 |
Covenant Medical Center Renton, WA | $710,309,997 | $506,116,390 |
Yakima Valley Memorial Hospital Association Yakima, WA | $446,456,465 | $527,854,481 |
Central Washington Health Services Association Wenatchee, WA | $607,768,376 | $564,888,231 |
Providence Saint Johns Health Center Renton, WA | $594,443,833 | $410,418,758 |