Tri-Valley Medical Foundation
- Assets
- $3.6m
- Revenue
- $180.9k
- Investments
- $865.1k
- Employees
- 0
- Location
- Cambridge, NE
- Founding
- 09/1995
- Data as of
- 04/2023
- EIN
- 47-0739522
Organization Overview
Tri-Valley Medical Foundation is located in Cambridge, NE. The organization was established in 1995. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-Valley Medical Foundation 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 04/2023, Tri-Valley Medical Foundation generated $180.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $400.0k during the year ending 04/2023. 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 SUPPORT AND ENHANCE HEALTH CARE MISSIONS OF TRI VALLEY HEALTH SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO TRI VALLEY MEDICAL FOUNDATION HELPED TRI VALLEY HEALTH SYSTEM PURCHASE EQUIPMENT, UPGRADE FACILITIES AND FUND PROGRAMS. TOTAL SUPPORT FOR FISCAL YEAR 2023 WAS $253,079. THIS SUPPORT HELPED WITH ADVANCES IN MEDICAL TECHNOLOGY.SCHOLARSHIPS WERE ALSO PRESENTED TO COLLEGE STUDENTS SEEKING THE MEDICAL PROFESSION. THE TOTAL AMOUNT OF SCHOLARSHIPS PRESENTED IN FISCAL YEAR 2023 WERE $11,950.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Vontz Foundation Director | Officer | 32 | $54,558 |
Jaqueline Shoemaker President | OfficerTrustee | 5 | $0 |
Marcus Vontz - Vp Treasurer Until Oct 2022 | OfficerTrustee | 2 | $0 |
Betty Jorgensen - Director Then Vice Pres As Of Oct 2022 | OfficerTrustee | 2 | $0 |
Kristy Witte - Director Then Treas As Of Oct 2022 | Trustee | 2 | $0 |
Barb Langley Secretary | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $35,727 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $145,121 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $180,848 |
| Total Program Service Revenue | $380 |
| Investment income | $4,490 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,755 |
| Net Income from Fundraising Events | -$9,178 |
| Net Income from Gaming Activities | $2,644 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $180,939 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $257,212 |
| Grants and other assistance to domestic individuals. | $11,950 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $69,996 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,341 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,424 |
| Office expenses | $17,587 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $399,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $100,781 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,128 |
| Investments—publicly traded securities | $2,657,323 |
| Investments—other securities | $865,077 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,631,309 |
| Accounts payable and accrued expenses | $0 |
| 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 | $191,255 |
| Total liabilities | $191,255 |
| Net assets without donor restrictions | $0 |
| 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 | $3,440,054 |
| Total liabilities and net assets/fund balances | $3,631,309 |
Grants Awarded
Over the last fiscal year, Tri-Valley Medical Foundation has awarded $228,751 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TRI VALLEY HEALTH SYSTEM PURPOSE: Property and equipment acquisitions | $209,251 |
TRI VALLEY HEALTH SYSTEM HOSPITAL AUXILIARY PURPOSE: Repairs and maintenance to Thrift Shop building | $19,500 |