Parkview Medical Center Inc
- Assets
- $719.7m
- Revenue
- $639.8m
- Investments
- $5.6m
- Employees
- 4,041
- Location
- Pueblo, CO
- Founding
- 03/1984
- Data as of
- 06/2021
- EIN
- 84-0935136
Organization Overview
Parkview Medical Center Inc is located in Pueblo, CO. The organization was established in 1984. 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 06/2022, Parkview Medical Center Inc employed 4,041 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parkview Medical Center Inc 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 06/2021, Parkview Medical Center Inc generated $639.8m 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 $598.7m during the year ending 06/2021. While expenses have increased by 6.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY HEALTHCARE SERVICES THAT IMPROVE THE HEALTH OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARKVIEW MEDICAL CENTER IS LICENSED FOR 350 BEDS AND PROVIDES A FULL RANGE OF HEALTHCARE SERVICES INCLUDING THE REGION'S MOST EXPERIENCED CERTIFIED LEVEL II TRAUMA CENTER AND THE REGION'S FIRST CERTIFIED STROKE CENTER. SEE SCHEDULE O FOR CONTINUATION.
PARKVIEW MEDICAL CENTER'S, 66 BED EMERGENCY DEPARTMENT TREATS A VARIETY OF MEDICAL CONDITIONS, RANGING FROM MINOR CUTS AND ILLNESSES TO LIFE THREATENING INJURIES. THE REGIONAL EMERGENCY/TRAUMA DEPARTMENT HAD 75,037 PATIENT VISITS THIS YEAR, AND SERVES RESIDENTS FROM SOUTHEASTERN COLORADO TO NORTHERN NEW MEXICO AND WESTERN KANSAS. SEE SCHEDULE O FOR CONTINUATION.
SURGICAL SERVICES AT PARKVIEW MEDICAL CENTER TREATED 4,135 INPATIENTS THIS YEAR. THE SURGEONS THAT PERFORM THE PROCEDURES REPRESENT MANY SPECIALTIES, INCLUDING GENERAL SURGERY, CARDIOTHORACIC, VASCULAR, ONCOLOGY, UROLOGY, GYNECLOLGIC, ORTHOPAEDIC, NEUROSURGICAL, PEDIATIRCS, OPHTHALMOLOGIC, ENDOSCOPY, EAR, NOSE & THROAT AND PLASTIC. THE SURGEONS AT PARKVIEW MEDICAL CENTER HAVE ACCESS TO LEADING-EDGE TECHNOLOGY AND EQUIPMENT, INCLUDING MINIMALLY INVASIVE SURGICAL PROCEDURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ali K Murad Physician | 30 | $998,668 | |
Lucas King Physician | 30 | $889,989 | |
John Dugal Physician | 30 | $778,105 | |
Jennifer Fitzpatrick Physician | 30 | $761,160 | |
Jack Chapman Physician | 30 | $673,333 | |
Leslie Barnes President/ceo | OfficerTrustee | 40 | $750,140 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Anesthesia And Pain Management Anesthesiologists | 6/29/22 | $7,427,226 |
Pueblo Cardiology Associates Contract Physician | 6/29/22 | $8,610,458 |
Sangre De Cristo Surgical Medical Education Se | 6/29/22 | $3,735,924 |
Whc Of Pueblo Pllc Women's Pro Svcs | 6/29/22 | $3,312,238 |
Pueblo Associates In Obstetric Women's Pro Svcs | 6/29/22 | $2,877,260 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $410,265 |
| Investment income | $6,273,755 |
| Tax Exempt Bond Proceeds | $624,155 |
| Royalties | $0 |
| Net Rental Income | $370,376 |
| Net Gain/Loss on Asset Sales | -$623,813 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $639,774,569 |
| 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. | $1,114,288 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $204,562,977 |
| Pension plan accruals and contributions | $7,853,915 |
| Other employee benefits | $21,809,512 |
| Payroll taxes | $14,226,956 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $876,782 |
| Fees for services: Accounting | $141,189 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,201,726 |
| Advertising and promotion | $1,041,786 |
| Office expenses | $91,215,999 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,286,163 |
| Travel | $280,232 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,633,409 |
| Payments to affiliates | $49,522,790 |
| Depreciation, depletion, and amortization | $17,607,261 |
| Insurance | $3,120,326 |
| All other expenses | $0 |
| Total functional expenses | $598,706,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,147 |
| Savings and temporary cash investments | $51,727,412 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $57,726,830 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,826,038 |
| Inventories for sale or use | $12,907,586 |
| Prepaid expenses and deferred charges | $10,017,515 |
| Investments—publicly traded securities | $227,088,953 |
| Investments—other securities | $5,558,960 |
| Investments—program-related | $0 |
| Intangible assets | $1,625,136 |
| Other assets | $88,832,369 |
| Total assets | $719,747,619 |
| Accounts payable and accrued expenses | $50,615,636 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $244,194,053 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,857,476 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,216,758 |
| Total liabilities | $331,883,923 |
| 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 | $387,863,696 |