Vail Clinic Inc
- Assets
- $837.5m
- Revenue
- $342.9m
- Investments
- $0.0
- Employees
- 1,639
- Location
- Vail, CO
- Founding
- 04/1967
- Data as of
- 10/2022
- 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 10/2023, Vail Health Hospital employed 1,639 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 10/2022, Vail Health Hospital generated $342.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $360.6m during the year ending 10/2022. While expenses have increased by 11.7% 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.
Since 2014, Vail Health Hospital has awarded 177 individual grants totaling $119,172,298. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ELEVATING HEALTH ACROSS OUR MOUNTAIN COMMUNITIES.
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 And CEO | OfficerTrustee | 40 | $1,559,247 |
Jerry Greenberg MD Director | Trustee | 1 | $631,192 |
Susie Vickerman DO Director | Trustee | 40 | $447,291 |
Kristen Ickes DO Director | Trustee | 40 | $354,745 |
Eric Affeldt Chairman | OfficerTrustee | 1 | $0 |
Chris Jarnot Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ge Johnson Construction Co Construction | 10/30/23 | $11,614,180 |
Rhize Tech It Services | 10/30/23 | $8,307,742 |
Cerner Corporation It Services | 10/30/23 | $7,799,406 |
Medefis Consolidated Contract Labor | 10/30/23 | $6,032,660 |
Layton Construction Company Llc Construction | 10/30/23 | $2,813,540 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,882,862 |
| Government grants | $3,282,740 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,165,602 |
| Total Program Service Revenue | $307,491,683 |
| Investment income | $1,292,436 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,253,375 |
| Net Gain/Loss on Asset Sales | $9,822,345 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $342,938,577 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,802,434 |
| 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. | $5,562,153 |
| Compensation of current officers, directors, key employees. | $5,562,153 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $112,258,310 |
| Pension plan accruals and contributions | $5,438,354 |
| Other employee benefits | $5,641,668 |
| Payroll taxes | $12,427,530 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,908,661 |
| Fees for services: Accounting | $247,326 |
| Fees for services: Lobbying | $4,777 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,341,948 |
| Advertising and promotion | $1,858,959 |
| Office expenses | $4,846,704 |
| Information technology | $547,705 |
| Royalties | $0 |
| Occupancy | $5,265,224 |
| Travel | $596,912 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $348,249 |
| Interest | $5,228,216 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,613,727 |
| Insurance | $2,274,784 |
| All other expenses | $6,287,723 |
| Total functional expenses | $360,642,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,605,505 |
| Savings and temporary cash investments | $1,024,501 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,393,435 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,373,604 |
| Prepaid expenses and deferred charges | $20,413,267 |
| Net Land, buildings, and equipment | $354,655,547 |
| Investments—publicly traded securities | $267,761,203 |
| Investments—other securities | $0 |
| Investments—program-related | $38,587,856 |
| Intangible assets | $0 |
| Other assets | $78,680,846 |
| Total assets | $837,495,764 |
| Accounts payable and accrued expenses | $56,877,049 |
| Grants payable | $2,590,711 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $105,343,009 |
| 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 | $63,693,315 |
| Total liabilities | $228,504,084 |
| Net assets without donor restrictions | $607,998,290 |
| Net assets with donor restrictions | $993,390 |
| 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 | $837,495,764 |
Grants Awarded
Over the last fiscal year, Vail Clinic Inc has awarded $15,220,619 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
BRIGHT FUTURE FOUNDATION PURPOSE: BRIGHT HOUSE CAPITAL CAMPAIGN PLEDGE PAYMENT | $60,000 |
EAGLE COUNTY FAIR & RODEO PURPOSE: SPONSORSHIP EAGLE COUNTY FAIR & RODEO MUTTON BUSTIN | $6,000 |
EAGLE COUNTY SCHOOL DISTRICT PURPOSE: PROJECT LEAD THE WAY STEM GRANT | $45,000 |
EAGLE VALLEY COMMUNITY FOUNDATION PURPOSE: EAGLE VALLEY COMMUNITY FOUNDATION COMMUNITY USE FUNDING | $97,412 |
EDUCATION FOUNDATION OF EAGLE COUNTY PURPOSE: EFEC CLASSROOM EQUITY STEM GRANTS | $15,000 |
FAMILY & INTERCULTURAL RESOURCE CENTER PURPOSE: SOL CENTER PLEDGE | $300,000 |