Summit Healthcare Association
- Assets
- $280.9m
- Revenue
- $284.0m
- Investments
- $0.0
- Employees
- 1,526
- Location
- Show Low, AZ
- Founding
- 11/1976
- Data as of
- 12/2022
- EIN
- 86-0320447
Organization Overview
Summit Healthcare Association, operating under the name Summit HC Regional Medical Center, is located in Show Low, AZ. The organization was established in 1976. 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 12/2022, Summit HC Regional Medical Center employed 1,526 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit HC Regional 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 12/2022, Summit HC Regional Medical Center generated $284.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $275.6m during the year ending 12/2022. While expenses have increased by 8.0% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE HEALTH AND WELLNESS TO THE COMMUNITIES WE SERVE. WE INVEST IN STATE-OF-THE-ART EQUIPMENT .... (SEE SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMIT HEALTHCARE IS A LICENSED 101 BED NOT-FOR-PROFIT RURAL SOLE COMMUNITY HOSPITAL. SUMMIT HEALTHCARE IS COMMITTED TO PROVIDE EXCEPTIONAL COMPASSIONATE CARE TO THE COMMUNITIES WE SERVE. SUMMIT HEALTHCARE'S ARRAY OF SERVICES INCLUDE A 24 BED EMERGENCY DEPARTMENT WHICH IS PEDIATRIC CERTIFIED, A CARDIAC AND VASCULAR CATH LAB, DIAGNOSTIC IMAGING WHICH INCLUDES MRI, CT, MAMMOGRAPHY, NUCLEAR MEDICINE, X RAY, ULTRASOUND AND PET/CT, HOME HEALTH SERVICES, IV THERAPY, CANCER CENTER WITH MEDICAL AND RADIATION ONCOLOGY, WOMEN'S AND INFANT SERVICES, LEVEL II NURSERY, THERAPY SERVICES WITH CHILDREN'S THERAPY, OCCUPATIONAL HEALTH THERAPY, PHYSICAL THERAPY AND SPEECH THERAPY, PAIN MEDICINE, SURGICAL SERVICES, TELEMEDICINE, WOUND CARE AND HYPERBARICS, 12 BED GEROPSYCH UNIT AND MUCH MORE. WE OPENED AN URGENT CARE CLINIC ON THE FIRST FLOOR OF OUR MOB. IN FY2022, AT THE MAIN HOSPITAL WE TREATED 128,631 PATIENTS. IN OUR MEDICAL GROUP CLINIC LOCATIONS WE SAW 203,793 PATIENTS. IN 2022 WE CONVERTED FOUR OF OUR OUTLYING CLINICS TO RURAL HEALTH CLINICS TO BETTER SERVE THOSE COMMUNITIES IN SNOWFLAKE/TAYLOR, EAGER/SPRINGERVILLE, AND ST. JOHNS. WE CONTINUED TO WORK WITH OUR COMMUNITY TO IDENTIFY NEW WAYS THE SERVE THEM. WE WERE AWARDED A GRANT WHICH ALLOWED US TO BETTER ASSIST OUR PATIENTS WITH OPIOID AND SUBSTANCE ABUSE BY ADDING PEER SUPPORT SERVICES AND IMPLEMENTING A NALOXONE DISTRIBUTION PROGRAM WITHIN THE COMMUNITY. WE WORKED WITHIN OUR CLINICALLY INTEGRATED NETWORK TO OFFER SERVICES TO OUR DIABETIC PATIENTS TO ASSIST THEM IN CONTROLLING THEIR BLOOD SUGAR BY CREATING A REACH OUT PROGRAM BY OUR PHARMACIST TO ASSIST THEM WITH CONTINUOUS GLUCOSE MONITORING AND DIABETIC MANAGEMENT. THE CLINICALLY INTEGRATED NETWORK ALSO ASSISTED OUR CHRONICALLY ILL PATIENTS BY REACHING OUT TO THEM AND ASSISTING THEM WITH THE MANAGEMENT OF THEIR SPECIFIC DISEASE. SUMMIT HEALTHCARE IS COMMITTED TO SERVING THE NEEDS OF THE COMMUNITY OF THE WHITE MOUNTAINS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sal Malad Physician | Officer | 40 | $1,360,476 |
Burke Delange Physician | Officer | 40 | $1,147,165 |
James Olack Physician | 40 | $1,048,620 | |
Farbod Khaki Physician | Officer | 40 | $983,042 |
Dax Trujillo Physician | Officer | 40 | $815,333 |
Simranjit Galhotra Chief Of Staff/director | Trustee | 40 | $690,512 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Virtual Neurology Teleneurology | 12/30/22 | $553,540 |
Hospitalist Medicine Healthcare Hospitalist | 12/30/22 | $1,227,200 |
Northeastern Anesthesia Pllc Anesthesia | 12/30/22 | $641,670 |
Obstetrix Medical Group Of Phx Pc Neonatology | 12/30/22 | $559,430 |
Ensemble Healthcare Partners Revenue Cycle | 12/30/22 | $14,175,515 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,776,543 |
| All other contributions, gifts, grants, and similar amounts not included above | $83,004 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,859,547 |
| Total Program Service Revenue | $272,415,923 |
| Investment income | $2,187,937 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $40,292 |
| Net Gain/Loss on Asset Sales | $6,426,257 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $284,003,833 |
| 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. | $8,052,923 |
| Compensation of current officers, directors, key employees. | $6,039,692 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,294,288 |
| Pension plan accruals and contributions | $861,035 |
| Other employee benefits | $10,872,038 |
| Payroll taxes | $5,990,416 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $248,123 |
| Fees for services: Accounting | $82,632 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $411,250 |
| Fees for services: Other | $51,194,074 |
| Advertising and promotion | $683,912 |
| Office expenses | $2,477,126 |
| Information technology | $376,066 |
| Royalties | $0 |
| Occupancy | $2,706,636 |
| Travel | $211,340 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $321,816 |
| Interest | $3,879,796 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,770,196 |
| Insurance | $2,486,868 |
| All other expenses | $2,766,833 |
| Total functional expenses | $275,595,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $34,297,697 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,348,229 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,346,745 |
| Prepaid expenses and deferred charges | $4,487,473 |
| Net Land, buildings, and equipment | $140,294,465 |
| Investments—publicly traded securities | $16,600,532 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,554,605 |
| Total assets | $280,929,746 |
| Accounts payable and accrued expenses | $29,189,464 |
| Grants payable | $0 |
| Deferred revenue | $388,575 |
| Tax-exempt bond liabilities | $47,488,584 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $21,887,333 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $27,376,960 |
| Total liabilities | $126,330,916 |
| Net assets without donor restrictions | $153,964,745 |
| Net assets with donor restrictions | $634,085 |
| 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 | $280,929,746 |