Verde Valley Medical Center
- Assets
- $444.4m
- Revenue
- $199.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Cottonwood, AZ
- Founding
- 01/1941
- Data as of
- 06/2021
- EIN
- 86-0100882
Organization Overview
Verde Valley Medical Center is located in Cottonwood, AZ. The organization was established in 1941. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Verde Valley Medical Center 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, Verde Valley Medical Center generated $199.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $151.9m during the year ending 06/2021. While expenses have increased by 3.2% 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
IMPROVING HEALTH, HEALING PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE THE HEALTH OF THE PEOPLE AND COMMUNITIES WE SERVE. TO PROVIDE HEALTH CARE SERVICES TO THE COMMUNITY THROUGH INPATIENT, OUTPATIENT AND EMERGENCY HOSPITAL CARE AND RELATED MEDICAL SERVICES, CHARITY CARE AND COMMUNITY SERVICE. TOTAL INPATIENT DISCHARGES WERE 5,386 AND 21,138 PATIENT DAYS. OUTPATIENT VISITS APPROXIMATED 602,381 AND 22,077 EMERGENCY VISITS.
TO PROVIDE EMERGENCY SERVICES, CANCER TREATMENT, AND OTHER ANCILLARY SERVICES TO THE COMMUNITY THROUGH THE OPERATION OF THE VERDE VALLEY MEDICAL CENTER SEDONA CAMPUS. EMERGENCY VISITS WERE 7,962. RADIATION ONCOLOGY PROCEDURES WERE 11,575. MEDICAL IMAGING PROCEDURES WERE 13,977. LABORATORY PROCEDURES WERE 35,107. PHYSCIAL THERAPY VISITS WERE 34,373.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Nah President/ceo | OfficerTrustee | 6 | $0 |
Name Not Listed Director/chair (chair Thru 09/21) | OfficerTrustee | 1 | $0 |
Name Not Listed Director/secretary (thru 11/21) | OfficerTrustee | 1 | $0 |
Name Not Listed Director/vice Chair (as Of 10/21) | OfficerTrustee | 1 | $0 |
Name Not Listed Director/chair (as Of 10/21) | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aya Healthcare Inc Contract Labor | 6/29/22 | $9,066,752 |
Mayo Clinic Mayo Medical Labor Medical Services | 6/29/22 | $930,920 |
Critical Care Consultants Of Az Medical Services | 6/29/22 | $618,104 |
Ge Med Systems Ultrasound Primary Care Contract Labor | 6/29/22 | $482,148 |
Instrumentation Laboratory Company Laboratory Services | 6/29/22 | $258,061 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,955,282 |
| Investment income | $6,071,441 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $117,007 |
| Net Gain/Loss on Asset Sales | $8,340,704 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $199,632,184 |
| 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. | $140,540 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,623,299 |
| Pension plan accruals and contributions | $2,221,611 |
| Other employee benefits | $6,400,267 |
| Payroll taxes | $3,363,875 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,221 |
| Fees for services: Accounting | $100,285 |
| Fees for services: Lobbying | $5,399 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,506,551 |
| Advertising and promotion | $3,049 |
| Office expenses | $9,688,587 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,045,233 |
| Travel | $62,099 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,125,190 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,695,982 |
| Insurance | $1,371,434 |
| All other expenses | $0 |
| Total functional expenses | $151,943,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,993 |
| Savings and temporary cash investments | $104,111,058 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,124,558 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,457,509 |
| Prepaid expenses and deferred charges | $2,280,932 |
| Investments—publicly traded securities | $218,086,768 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,525,609 |
| Total assets | $444,389,010 |
| Accounts payable and accrued expenses | $15,049,013 |
| Grants payable | $0 |
| Deferred revenue | $19,903,350 |
| Tax-exempt bond liabilities | $42,097,297 |
| 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 | $14,721,233 |
| Total liabilities | $91,770,893 |
| 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 | $352,618,117 |
Grants Awarded
Over the last fiscal year, Verde Valley Medical Center has awarded $5,144,373 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHERN ARIZONA UNIVERSITY PURPOSE: Sponsorship | $20,000 |
NORTHERN ARIZONA HEALTHCARE FOUNDATION PURPOSE: endowment est. & comm. benefit | $5,124,373 |