Vail Clinic Inc
- Assets
- $798.5m
- Revenue
- $284.6m
- Investments
- $0.0
- Employees
- 1,307
- Location
- Vail, CO
- Founding
- 04/1967
- Data as of
- 10/2020
- EIN
- 84-0563230
Organization Overview
Vail Clinic Inc, operating under the name Vail Health Hospital, is located in Vail, CO. The organization was established in 1967. 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 10/2020, Vail Health Hospital employed 1,307 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vail Health 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 10/2020, Vail Health Hospital generated $284.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $272.8m during the year ending 10/2020. While expenses have increased by 8.6% per year over the past 6 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 2014, Vail Health Hospital has awarded 119 individual grants totaling $68,571,114. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Will Cook President & CEO (from 1/19) | OfficerTrustee | 40 | $1,275,410 |
Patricia Hardenbergh MD Physician | 40 | $748,046 | |
Jerry Greenberg MD Director | Trustee | 0 | $698,458 |
Nelson Prager MD Physician | 0 | $571,606 | |
Doris Kirchner Former President & CEO (thru 1/19) | 0 | $495,130 | |
Alexander Urquhart MD Physician | 40 | $481,854 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ge Johnson Construction Co Construction | 10/30/20 | $44,318,065 |
Cerner Corporation It Services | 10/30/20 | $5,577,278 |
Vail Valley Emergency Physicians Pc Physician Services | 10/30/20 | $3,326,758 |
Diversified Radiology Radiologists | 10/30/20 | $2,826,604 |
Davis Partnership Pc Architects Architect | 10/30/20 | $3,246,118 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,997,451 |
| Investment income | $6,836,278 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $446,670 |
| Net Gain/Loss on Asset Sales | -$1,369,044 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $284,642,760 |
| Statement of Expenses | |
|---|---|
| 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. | $2,578,363 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,774,994 |
| Pension plan accruals and contributions | $3,081,781 |
| Other employee benefits | $11,762,182 |
| Payroll taxes | $6,194,407 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,866,489 |
| Fees for services: Accounting | $107,247 |
| Fees for services: Lobbying | $5,106 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $763,927 |
| Fees for services: Other | $30,603,296 |
| Advertising and promotion | $1,554,596 |
| Office expenses | $2,779,655 |
| Information technology | $159,213 |
| Royalties | $0 |
| Occupancy | $4,382,449 |
| Travel | $163,443 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $144,101 |
| Interest | $2,818,635 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,810,054 |
| Insurance | $1,389,592 |
| All other expenses | $0 |
| Total functional expenses | $272,783,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,215 |
| Savings and temporary cash investments | $109,783,924 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,657,724 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,989,352 |
| Prepaid expenses and deferred charges | $6,139,005 |
| Investments—publicly traded securities | $248,301,124 |
| Investments—other securities | $0 |
| Investments—program-related | $34,515,575 |
| Intangible assets | $0 |
| Other assets | $11,342,200 |
| Total assets | $798,479,943 |
| Accounts payable and accrued expenses | $60,543,725 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $110,546,708 |
| 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 | $2,474,946 |
| Total liabilities | $173,565,379 |
| 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 |
| Total liabilities and net assets/fund balances | $624,914,564 |
Grants Awarded
Over the last fiscal year, Vail Clinic Inc has awarded $14,356,145 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Vail, CO PURPOSE: PROGRAM SUPPORT | $4,781,589 |
Vail, CO PURPOSE: PROGRAM SUPPORT | $4,299,996 |
Vail, CO PURPOSE: PROGRAM SUPPORT | $4,200,000 |
Glenwood Springs, CO PURPOSE: PROGRAM SUPPORT | $384,900 |
Vail, CO PURPOSE: PROGRAM SUPPORT | $350,000 |
Avon, CO PURPOSE: DOLLARS FOR SCHOLARS SPONSORSHIP | $80,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vail Clinic Inc has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
United Jewish Foundation Bloomfield Hills, MI PURPOSE: TO SUPPORT HEALTH CARE | $40,000 |
Endowment Analysis
| Beg. Balance | $7,586,468 |
| Earnings | $75,931 |
| Net Contributions | $22,498 |
| Other Expense | $273,842 |
| Ending Balance | $7,411,055 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Integris Baptist Medical Center Inc Oklahoma City, OK | $2,058,378,701 | $1,074,971,636 |
Scl Health - Front Range Inc Broomfield, CO | $769,910,245 | $929,785,452 |
Stormont-Vail Healthcare Inc Topeka, KS | $1,007,583,672 | $817,729,703 |
Bryan Medical Center Lincoln, NE | $1,105,625,709 | $861,679,038 |
Tucson Medical Center Tucson, AZ | $695,529,192 | $712,683,954 |
Poudre Valley Health Care Inc Fort Collins, CO | $9,383,080,918 | $1,025,348,780 |
Mercy Hospital Oklahoma City Inc Oklahoma City, OK | $541,395,814 | $646,607,785 |
Saint Joseph Hospital Denver, CO | $893,189,330 | $616,289,311 |
Parkview Medical Center Inc Pueblo, CO | $566,853,494 | $573,603,655 |
Nebraska Methodist Hospital Omaha, NE | $1,027,583,192 | $637,277,838 |
Shawnee Mission Medical Center Inc Shawnee Mission, KS | $1,015,503,411 | $556,228,590 |
St Vincent Hospital Santa Fe, NM | $723,865,521 | $490,943,135 |