San Luis Valley Regional Medical Center
- Assets
- $120.0m
- Revenue
- $122.6m
- Investments
- $12.0k
- Employees
- 958
- Location
- Alamosa, CO
- Founding
- 10/1939
- Data as of
- 06/2022
- EIN
- 84-0255530
Organization Overview
San Luis Valley Regional Medical Center, operating under the name San Luis Valley Health, is located in Alamosa, CO. The organization was established in 1939. 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 06/2023, San Luis Valley Health employed 958 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Luis Valley Health 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 06/2022, San Luis Valley Health generated $122.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $118.7m during the year ending 06/2022. While expenses have increased by 5.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A PREMIER, FULLY INTEGRATED RURAL HEALTH CARE SYSTEM PROVIDING EXCEPTIONAL PATIENT-CENTERED SERVICES TO THE SAN LUIS VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAN LUIS VALLEY HEALTH WAS FORMED JULY 1, 2013. PRIOR TO THE MERGER THAT CREATED SAN LUIS VALLEY HEALTH, THE HOSPITAL OPERATED AS AN INDEPENDENT, NOT FOR PROFIT HOSPITAL FOR OVER 83 YEARS. THE MERGER BROUGHT TOGETHER SAN LUIS VALLEY REGIONAL MEDICAL CENTER AND CONEJOS COUNTY HOSPITAL. PRIOR TO THE MERGER, CONEJOS COUNTY HOSPITAL HAD BEEN MANAGED BY SAN LUIS VALLEY REGIONAL MEDICAL CENTER SINCE 2003. SLV HEALTH SERVES THE SIX COUNTIES OF THE SAN LUIS VALLEY WITH A POPULATION OF JUST UNDER 50,000 AND AN AREA OF OVER 8,200 SQUARE MILES; LARGER THAN THE STATE OF NEW JERSEY. SLV HEALTH EMPLOYS OVER 650 EMPLOYEES AND IS THE LARGEST EMPLOYER IN THE SAN LUIS VALLEY. THE TRUSTEES, PROVIDERS AND STAFF OF SLV HEALTH ARE UNDERSTANDABLY PROUD OF THEIR TRADITION FOR PROVIDING CARE AND SERVICE TO OUR COMMUNITIES. SERVING OUR LOW-INCOME COMMUNITY MEANS THAT WE HAVE A CHALLENGING PAYER MIX WITH HIGH MEDICAID, UNINSURED AND RELATIVELY LOW COMMERCIAL PERCENTAGES. THI HAS LED TO OUR ORGANIZATION BEING RESOURCEFUL, CREATIVE AND INNOVATIVE IN ORDER TO CONTINUE SERVICE WITH POSITIVE OPERATING MARGINS. OVER THE LAST TEN YEARS, OUR GROSS REVENUE HAS INCREASED FROM $20M TO IN EXCESS OF $200M AND THE NUMBER OF PATIENTS SERVED HAS EXPANDED SEVERAL FOLD. NEW SERVICES HAVE BEEN ADDED IN MEDICATION ONCOLOGY, INPATIENT REHABILITATION, SLEEP DISORDERS, WOMEN'S IMAGING CENTER, FIXED WING MEDICAL TRANSPORTATION, GENETIC COUNSELING, BEHAVIORAL HEALTH, CARDIOLOGY, CHIROPRACTIC, ONCOLOGY/INFUSION THERAPY, UROLOGY, AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carissa Tripi Physician | 40 | $665,488 | |
Jason Defee Physician | 40 | $628,129 | |
Carla Christ Physician | 40 | $546,937 | |
Konnie Martin CEO | Officer | 40 | $538,452 |
Julian Maendel Physician | 40 | $507,957 | |
James Grigsby Physician | 40 | $473,468 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Innova Emergency Medical Associates Medical Staff | 6/29/23 | $2,785,977 |
Comphealth Associates Inc Medical Staff | 6/29/23 | $1,074,639 |
Hayes Locums Medical Staff | 6/29/23 | $591,840 |
Weatherby Locums Medical Staff | 6/29/23 | $860,530 |
Tegria Information Tech. | 6/29/23 | $400,712 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,275,560 |
| All other contributions, gifts, grants, and similar amounts not included above | $789,107 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,064,667 |
| Total Program Service Revenue | $117,271,540 |
| Investment income | $19,444 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$16,908 |
| 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 | $122,624,881 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,390 |
| 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. | $2,810,709 |
| Compensation of current officers, directors, key employees. | $1,038,807 |
| Compensation to disqualified persons | $316,772 |
| Other salaries and wages | $49,968,786 |
| Pension plan accruals and contributions | $1,618,354 |
| Other employee benefits | $6,979,960 |
| Payroll taxes | $3,585,686 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $316,053 |
| Fees for services: Accounting | $120,000 |
| Fees for services: Lobbying | $2,376 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,218,023 |
| Advertising and promotion | $185,727 |
| Office expenses | $1,912,082 |
| Information technology | $971,133 |
| Royalties | $0 |
| Occupancy | $1,154,022 |
| Travel | $509,029 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $67,450 |
| Interest | $880,683 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,559,405 |
| Insurance | $1,388,499 |
| All other expenses | $1,829,641 |
| Total functional expenses | $118,705,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,805,564 |
| Savings and temporary cash investments | $8,753,562 |
| Pledges and grants receivable | $53,849 |
| Accounts receivable, net | $17,676,170 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,095,123 |
| Prepaid expenses and deferred charges | $2,953,367 |
| Net Land, buildings, and equipment | $56,023,528 |
| Investments—publicly traded securities | $23,542,131 |
| Investments—other securities | $12,000 |
| Investments—program-related | $721,422 |
| Intangible assets | $0 |
| Other assets | $376,142 |
| Total assets | $120,012,858 |
| Accounts payable and accrued expenses | $14,432,973 |
| Grants payable | $0 |
| Deferred revenue | $1,919,366 |
| 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 | $21,057,138 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $606,781 |
| Total liabilities | $38,016,258 |
| Net assets without donor restrictions | $81,275,157 |
| Net assets with donor restrictions | $721,443 |
| 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 | $120,012,858 |