Arkansas Valley Regional Medical Center 07011998
- Assets
- $29.1m
- Revenue
- $37.2m
- Investments
- $0.0
- Employees
- 352
- Location
- La Junta, CO
- Founding
- 10/1998
- Data as of
- 03/2023
- EIN
- 84-1465990
Organization Overview
Arkansas Valley Regional Medical Center 07011998 is located in La Junta, CO. The organization was established in 1998. 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 03/2023, Arkansas Valley Regional Medical Center 07011998 employed 352 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas Valley Regional Medical Center 07011998 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 03/2023, Arkansas Valley Regional Medical Center 07011998 generated $37.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $38.8m during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CENTER IS A COMMUNITY-OWNED ORGANIZATION PROVIDING HIGH QUALITY, RESPECTFUL, AND COMPASSIONATE HEALTH CARE SERVICES TO INDIVIDUALS & FAMILIES IN SOUTHEAST COLORADO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MEDICAL CENTER OPERATES AN ACUTE-CARE HOSPITAL AND PROVIDES INPATIENT, OUTPATIENT, AND EMERGENCY CARE SERVICES TO THE COMMUNITY REGARDLESS OF RACE AND INSURANCE. THE MEDICAL CENTER PROVIDED 2,140 INPATIENT DAYS, 37,711 OUTPATIENT VISITS, 11,175 EMERGENCY ROOM VISITS, AND 217 BIRTHS DURING THE YEAR. THE MEDICAL CENTER ALSO PROVIDES CARE TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS AT OR BELOW COST AND TO INDIVIDUALS WHO ARE UNABLE TO PAY. THE UNREIMBURSED VALUE OF PROVIDING CARE TO THESE PATIENTS WAS 570,973 FOR CHARITY CARE, 23,166,079 FOR MEDICARE, 13,749,001 FOR MEDICAID, AND 11,893,612 FOR OTHER THIRD PARTY PAYORS FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Morley Board Member | Trustee | 40 | $675,622 |
Jesus Carale Board Member | Trustee | 40 | $492,240 |
James Brady Er Physician | 40 | $478,965 | |
William Jurgens Er Physician | 40 | $443,875 | |
Thomas Jackson Surgeon | 40 | $320,053 | |
Jorge Aguilar Physician | 40 | $288,004 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arkansas Valley Anesthesia Anesthesiology | 3/30/23 | $573,028 |
Debbie Cecil Do Er Physician | 3/30/23 | $440,870 |
Aya Healthcare Medical Service | 3/30/23 | $492,623 |
Albert Sterns Er Physician | 3/30/23 | $504,517 |
Medical Solutions Medical Service | 3/30/23 | $360,915 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $302,566 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $327,916 |
| Total Program Service Revenue | $36,761,126 |
| Investment income | $22,983 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$16,746 |
| Net Gain/Loss on Asset Sales | -$14,400 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,215,635 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,605,612 |
| Compensation of current officers, directors, key employees. | $360,254 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,612,496 |
| Pension plan accruals and contributions | $504,195 |
| Other employee benefits | $1,316,139 |
| Payroll taxes | $1,438,024 |
| Fees for services: Management | $126,566 |
| Fees for services: Legal | $2,911 |
| Fees for services: Accounting | $761 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,131,982 |
| Advertising and promotion | $33,669 |
| Office expenses | $1,554,831 |
| Information technology | $135,926 |
| Royalties | $0 |
| Occupancy | $1,168,802 |
| Travel | $56,592 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,706 |
| Interest | $3,285 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,606,144 |
| Insurance | $414,125 |
| All other expenses | $150,484 |
| Total functional expenses | $38,805,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,349,575 |
| Savings and temporary cash investments | $1,751,582 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,891,801 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,134,912 |
| Prepaid expenses and deferred charges | $624,344 |
| Net Land, buildings, and equipment | $13,574,376 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $767,790 |
| Total assets | $29,094,380 |
| Accounts payable and accrued expenses | $3,024,481 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $14,398 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $845,084 |
| Total liabilities | $3,883,963 |
| Net assets without donor restrictions | $25,210,417 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $29,094,380 |