Valley View Hospital Association
- Assets
- $625.0m
- Revenue
- $345.5m
- Investments
- $0.0
- Employees
- 1,642
- Location
- Glenwood Springs, CO
- Founding
- 04/1971
- Data as of
- 12/2023
- EIN
- 84-0446259
Organization Overview
Valley View Hospital Association is located in Glenwood Springs, CO. The organization was established in 1971. 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 12/2023, Valley View Hospital Association employed 1,642 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley View Hospital Association 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 12/2023, Valley View Hospital Association generated $345.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $317.2m during the year ending 12/2023. While expenses have increased by 5.1% per year over the past 9 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.
Since 2015, Valley View Hospital Association has awarded 30 individual grants totaling $1,028,600. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CARING FOR YOU AND YOUR FAMILY, ONE PATIENT AT A TIME.
Describe the Organization's Program Activity:
VALLEY VIEW HOSPITAL IS AN ACUTE CARE HOSPITAL OWNED BY VALLEY VIEW HOSPITAL ASSOCIATION, INC., A NOT-FOR-PROFIT CORPORATION. THE HOSPITAL PRIMARILY EARNS REVENUE BY PROVIDING INPATIENT, OUTPATIENT, AND EMERGENCY CARE SERVICES TO PATIENTS IN GLENWOOD SPRINGS, COLORADO. VALLEY VIEW HOSPITAL ALSO OWNS AND OPERATES CARE CENTERS IN THE NEARBY COMMUNITIES OF BASALT, CARBONDALE, EAGLE AND SILT, COLORADO AND PROVIDES SERVICES AT VARIOUS OTHER HEALTHCARE FACILITIES ON THE COLORADO WESTERN SLOPE. OPERATING ROOM - TOTAL SURGICAL VISITS OF 5,128. PHARMACY - ORDERS PROCESSED OF 454,027. LAB - BILLABLE TESTS OF 345,460. VALLEY VIEW HOSPITAL PROVIDES QUALITY MEDICAL HEALTHCARE REGARDLESS OF RACE, AGE, CREED, SEX, NATIONAL ORIGIN, OR HANDICAP. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATION AND STABILITY OF VALLEY VIEW HOSPITAL, IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL SERVICES. THEREFORE, IN KEEPING WITH THE HOSPITAL'S COMMITMENT TO SERVE ALL MEMBERS OF ITS COMMUNITY, FREE CARE AND SUBSIDIZED CARE, CARE PROVIDED TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS AT BELOW COST, AND HEALTH ACTIVITIES AND PROGRAMS TO SUPPORT THE COMMUNITY WILL BE CONSIDERED WHERE THE NEED AND/OR INDIVIDUAL'S INABILITY TO PAY CO-EXISTS. THESE ACTIVITIES INCLUDE WELLNESS PROGRAMS, COMMUNITY EDUCATIONS PROGRAMS, AND SPECIAL PROGRAMS FOR THE ELDERLY, HANDICAPPED, MEDICALLY UNDERSERVED, AND VARIETY OF COMMUNITY SUPPORT ACTIVITIES. THE HOSPITAL OPERATES AN ACUTE CARE, CRITICAL CARE, FAMILY BIRTHPLACE, EMERGENCY ROOM, RADIOLOGY, CARDIOLOGY, CANCER CENTER AND MANY OTHER SPECIALTY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary, Board Member | OfficerTrustee | 1 | $0 |
Name Not Listed Former Chair, Board Member | OfficerTrustee | 1 | $0 |
Name Not Listed Chair, Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee, Board Member, Orthopa | Trustee | 40 | $1,457,087 |
Name Not Listed Trustee, Board Member - Begin 3/2023 | Trustee | 1 | $0 |
Name Not Listed Trustee, Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gastrocoverage Llc Physician Locums | 12/30/23 | $1,985,852 |
Glenwood Anesthesia Professionals Physician Locums | 12/30/23 | $1,618,356 |
Locumtenens Holdings Llc Dba Locumtenen Physician Locums | 12/30/23 | $870,147 |
Hall Render Killian Heath & Lyman Pc Legal Services | 12/30/23 | $808,786 |
Host Healthcare Inc Staffing Services | 12/30/23 | $694,426 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $627,940 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $386,728 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,014,668 |
| Total Program Service Revenue | $335,185,340 |
| Investment income | $8,024,976 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$412,771 |
| Net Gain/Loss on Asset Sales | -$1,140,763 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,222,437 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $345,528,354 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $139,689 |
| 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. | $4,180,494 |
| Compensation of current officers, directors, key employees. | $2,631,676 |
| Compensation to disqualified persons | $218,805 |
| Other salaries and wages | $121,180,898 |
| Pension plan accruals and contributions | $3,653,130 |
| Other employee benefits | $21,479,598 |
| Payroll taxes | $7,665,939 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $947,504 |
| Fees for services: Accounting | $317,091 |
| Fees for services: Lobbying | $8,734 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,090,639 |
| Advertising and promotion | $1,161,837 |
| Office expenses | $1,080,601 |
| Information technology | $5,886,056 |
| Royalties | $0 |
| Occupancy | $3,567,366 |
| Travel | $111,952 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $486,683 |
| Interest | $5,385,396 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,093,373 |
| Insurance | $1,349,703 |
| All other expenses | $156,703 |
| Total functional expenses | $317,169,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $468,231 |
| Savings and temporary cash investments | $27,730,921 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,775,476 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,611,544 |
| Prepaid expenses and deferred charges | $5,074,639 |
| Net Land, buildings, and equipment | $207,366,440 |
| Investments—publicly traded securities | $299,417,223 |
| Investments—other securities | $0 |
| Investments—program-related | $5,749,996 |
| Intangible assets | $0 |
| Other assets | $10,823,263 |
| Total assets | $625,017,733 |
| Accounts payable and accrued expenses | $44,411,991 |
| Grants payable | $0 |
| Deferred revenue | $169,415 |
| Tax-exempt bond liabilities | $127,521,575 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,778,131 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,032,468 |
| Total liabilities | $177,913,580 |
| Net assets without donor restrictions | $439,426,646 |
| Net assets with donor restrictions | $7,677,507 |
| 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 | $625,017,733 |
Grants Awarded
Over the last fiscal year, Valley View Hospital Association has awarded $129,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ASPEN COMMUNITY FOUNDATION PURPOSE: SPONSORSHIP | $7,500 |
5POINT FILM FESTIVAL PURPOSE: Sponsorship | $10,000 |
BASALT SOCCER CLUB INC DBA ROARING FORK UNITED PURPOSE: Sponsorship | $12,000 |
MIND SPRINGS HEALTH INC PURPOSE: Sponsorship | $100,000 |